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30200.0 | 2018-05-29 00:00:00 UTC | Extra Space Storage Cheers Investors With 10.3% Dividend Hike | ABR | https://www.nasdaq.com/articles/extra-space-storage-cheers-investors-with-10.3-dividend-hike-2018-05-29 | nan | nan | Ushering in good news for its shareholders, Extra Space Storage, Inc.EXR recently announced a 10.3% hike in its quarterly cash dividend. The company will now pay a dividend of 86 cents per share, up from 78 cents paid earlier. The raised dividend will be paid on Jun 29, 2018, to shareholders of record as of Jun 15.
Based on the increased rate, the annual dividend comes to $3.44 a share, resulting in a 3.6% yield, considering Extra Space Storage's closing price of $95.15 on May 25. Since the company's dividend yield surpasses the industry average of 3.3%, the stock is likely to draw investors' attention.
Moreover, the company remains committed to increasing shareholders' wealth. In May 2016, the company announced a 32.2% hike in quarterly dividend payout. With that, Extra Space Storage achieved a five-year total increase of 212% in dividend. In fact, solid dividend payouts are arguably the biggest enticement for real estate investment trust (REIT) investors.
Extra Space Storage has solid fundamentals to back dividend hikes. It is a self-storage REIT that offers a vast array of well-located storage units to its customers, for boat, recreational-vehicle and business purposes. As of Mar 31, 2018, Extra Space Storage enjoyed ownership, had ownership stakes in or managed 1,523 stores in 39 states of the United States, Washington, D.C. and Puerto Rico. Its ROE is 18.85%, higher than the industry average of 4.9%.
Further, the company made concerted efforts to consistently grow its business and achieve geographical diversity through accretive acquisitions, mutually beneficial joint-venture partnerships and third-party management services. Over the past five years, Extra Space Storage acquired $4.5 billion in properties. The company gained an increased scale in several core markets on the back of these acquisitions. It also fortified its presence in a number of new markets.
Moreover, the industry is characterized by fragmented ownership and only around 20% of the total self-storage square footage is under REIT's ownership. This creates solid scope for consolidation at some level in the future. With a solid balance sheet, Extra Space Storage remains well poised to compete for acquisitions.
Extra Space Storage currently has a Zacks Rank #3 (Hold).
Shares of Extra Space Storage have outperformed the industry in the past three months. The company's shares have gained 11.8%, while the industry ascended 7.8% during this period.
Stocks Worth a Look
A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . All the stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 in a month's time. Its shares have returned 14.9% over the last three months.
Prologis' FFO per share estimates for the current year moved up 0.7% to $2.98 in a month's time. Its shares have gained 6.9% over the last three months.
Chatham Lodging's FFO per share estimates for the current year inched up 1% to $1.93 in a month's time. Its shares have gained 14.2% over the last three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Prologis, Inc. (PLD): Free Stock Analysis Report
Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Based on the increased rate, the annual dividend comes to $3.44 a share, resulting in a 3.6% yield, considering Extra Space Storage's closing price of $95.15 on May 25. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . Based on the increased rate, the annual dividend comes to $3.44 a share, resulting in a 3.6% yield, considering Extra Space Storage's closing price of $95.15 on May 25. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Extra Space Storage has solid fundamentals to back dividend hikes. |
30201.0 | 2018-05-29 00:00:00 UTC | CorSite (COR) Rewards Shareholders With 5.1% Dividend Hike | ABR | https://www.nasdaq.com/articles/corsite-cor-rewards-shareholders-with-5.1-dividend-hike-2018-05-29 | nan | nan | Data-center real estate investment trust (REIT) CoreSite Realty CorporationCOR announced a hike of 5.1% in its quarterly cash dividend. The company will now pay a dividend of $1.03 per share for the second quarter, up from 98 cents paid in the prior quarter.
The raised dividend will be paid on Jul 16, to shareholders of record as on Jun 29, 2018.
Based on the increased rate, the annual dividend comes to $4.12 a share, resulting in a yield of about 3.9%, considering CoreSite's closing price of $104.74 on May 25. The company has been consistently increasing its dividends. This reflects the company's continued efforts to boost shareholders' wealth.
Also, per the company's CFO, Jeff Finnin, the recent dividend hike represents CoreSite's robust operating performance and superior ability to generate higher cash flows.
CoreSite has robust fundamentals to back dividend hikes. In fact, the company has been a decent performer, beating the Zacks Consensus Estimate in three of the past four quarters, on funds from operations (FFO) per share basis, with an average positive surprise of 2.15%. Moreover, CoreSite's return on equity (ROE) is 17.91%, significantly higher than the industry's ROE of 4.9%.
Also, this data-center REIT churns cash flow per share of $5.99 as compared to the industry average of $1.90. The company has witnessed decent cash flow growth in the past. Further, CoreSite has current cash flow growth of 22.02% against the industry average of 6.2%. This will likely help the company sustain its dividend payout to equity investors.
In addition, fundamentals of the data-center real estate market remain robust. Estimated growth rate for the markets of artificial intelligence, Internet of Things, autonomous vehicle and virtual/augmented reality is also anticipated to remain robust, over the next five to eight years. In addition, the deployment of 5G network will likely spur growth of tower and fiber business as wireless carriers look to expand and enhance their networks. Therefore, along with an improved outlook for economic growth, all these indicate higher growth in demand for space at data-center REITs.
As investors prefer an income-generating stock, a high dividend-yielding one is obviously much coveted. Needless to say, investors are always on the lookout for companies with a track record of consistent and incremental dividend payments to put their money on.
Shares of this Zacks Rank #3 (Hold) company have outperformed the industry it belongs to, in the past year. Its shares have rallied 4.1%, while the industry recorded growth of 1.3% during this time frame.
Key Picks
Some better-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has risen 14.4% to $1.03 in a month's time. Its shares have returned 26.8% over the past year.
Chatham Lodging's FFO per share estimates for the current year have inched up 1% to $1.93 in the past month. Its shares have gained 15.2% in a year's time.
Prologis' FFO per share estimates for 2018 have moved up 0.7% to $2.98 over the past month. Its shares have gained 18.7% over the past year.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Prologis, Inc. (PLD): Free Stock Analysis Report
CoreSite Realty Corporation (COR): Free Stock Analysis Report
Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks Some better-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report CoreSite Realty Corporation (COR): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Also, per the company's CFO, Jeff Finnin, the recent dividend hike represents CoreSite's robust operating performance and superior ability to generate higher cash flows. | Key Picks Some better-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report CoreSite Realty Corporation (COR): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Data-center real estate investment trust (REIT) CoreSite Realty CorporationCOR announced a hike of 5.1% in its quarterly cash dividend. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report CoreSite Realty Corporation (COR): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . In fact, the company has been a decent performer, beating the Zacks Consensus Estimate in three of the past four quarters, on funds from operations (FFO) per share basis, with an average positive surprise of 2.15%. | Key Picks Some better-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report CoreSite Realty Corporation (COR): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Data-center real estate investment trust (REIT) CoreSite Realty CorporationCOR announced a hike of 5.1% in its quarterly cash dividend. |
30202.0 | 2018-05-28 00:00:00 UTC | Why This is the Best Time to Buy Host Hotels (HST) Stock | ABR | https://www.nasdaq.com/articles/why-this-is-the-best-time-to-buy-host-hotels-hst-stock-2018-05-28 | nan | nan | Host Hotels & Resorts, Inc.HST is likely to gain from its solid portfolio of upscale hotels across markets with potential. Furthermore, the company's strategic capital-recycling program and a healthy balance sheet bode well for its long-term growth. Moreover, Host Hotels is anticipated to improve the revenues per available room backed by its value-enhancement initiatives.
Nonetheless, elevated supply in the company's key markets is expected to reduce its pricing power. Further, geographical concentration of assets in upscale markets exposes it to the economic doldrums prevailing in the region.
Earlier this month, the company reported first-quarter 2018 adjusted funds from operations (FFO) of 43 cents per share, outpacing the Zacks Consensus Estimate of 41 cents. Results reflect margin improvement through better productivity.
Also, Host Hotels has raised its outlook for full-year 2018. The company now expects 2018 adjusted FFO per share in the range of $1.67-$1.73, denoting 5 cents increase at the midpoint from the earlier guidance of $1.60-$1.70.
Notably, Host Hotels undertakes a strategic capital-recycling program to improve its portfolio quality and strengthen its position over vibrant global markets. Furthermore, the company has been monetizing a considerable part of real estate in Washington D.C. and lowering its exposure in New York.
During first-quarter 2018, Host Hotels completed the acquisition of 301-room Andaz Maui at Wailea Resort, 668-room Grand Hyatt San Francisco and 454-room Hyatt Regency Coconut Point Resort and Spa for $1 billion. Moreover, during the reported quarter, the company's capital expenditures were around $115 million - $29 million was allocated to return on investment (ROI) capital projects and $86 million for the renewal and replacement projects.
The company continues to expect capital expenditures of $475-$550 million for 2018. This comprises $185-$220 million in ROI projects and $290-$330 million in the renewal and replacement projects. Such investments are likely to help the company improve its portfolio quality and bolster revenues.
Further, Host Hotels has a decent balance sheet and ample liquidity. The company exited first-quarter 2018 with around $323 million of unrestricted cash and $511 million of available capacity remaining under the revolver part of its credit facility. Notably, the company has no debt maturities until 2020. This provides it ample scope for deploying capital for long-term growth opportunities while carrying out redevelopment initiatives.
Though supply growth has been tepid in the past, it has gathered momentum in recent times. In fact, supply growth is expected to remain elevated in 2018 as well as 2019, particularly in markets where the company has exposure.
As the majority of Host Hotels' properties are concentrated in the luxury and upper-upscale segments, during any economic downturn, these segments bear the brunt as unfavorable macroeconomic conditions compel customers to reduce discretionary spending and choose lower-priced brands over the company's premium ones. Also, the hotel industry is cyclical in nature and heavily dependent on the overall health of economies in which it operates.
Though an economic slowdown has an immediate impact on the company's revenues, many of the expense categories associated with owning and operating hotels, such as debt-service payments, property taxes, insurance, utilities, and employee wages and benefits, remain relatively inflexible.
In the past three months, shares of Host Hotels have outperformed the industry it belongs to. This Zacks Rank #2 (Buy) company's shares have ascended 18.4% while the industry recorded growth of 7.8% during this time frame.
Additionally, the stock has seen the Zacks Consensus Estimate for 2018 FFO per share being revised 3.6% upward in a month's time. Given the progress on the fundamentals, the stock is likely to perform well in the upcoming period.
Other Stocks Worth a Look
Some other top-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . All three stocks carry a Zacks Rank of 2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has risen 14.4% to $1.03 in a month's time. Its shares have returned 26.9% over the past year.
Chatham Lodging's FFO per share estimates for the current year have inched up 1% to $1.93 in the past month. Its shares have gained 14.5% in a year's time.
Prologis FFO per share estimates for 2018 have inched up 0.7% to $2.98 over the past month. Its shares have gained 18.8% over the past year.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report
Prologis, Inc. (PLD): Free Stock Analysis Report
Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks Worth a Look Some other top-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Host Hotels undertakes a strategic capital-recycling program to improve its portfolio quality and strengthen its position over vibrant global markets. | Other Stocks Worth a Look Some other top-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Earlier this month, the company reported first-quarter 2018 adjusted funds from operations (FFO) of 43 cents per share, outpacing the Zacks Consensus Estimate of 41 cents. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks Worth a Look Some other top-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . Earlier this month, the company reported first-quarter 2018 adjusted funds from operations (FFO) of 43 cents per share, outpacing the Zacks Consensus Estimate of 41 cents. | Other Stocks Worth a Look Some other top-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Host Hotels & Resorts, Inc.HST is likely to gain from its solid portfolio of upscale hotels across markets with potential. |
30203.0 | 2018-05-25 00:00:00 UTC | Is it Wise to Hold Highwoods (HIW) Stock in Your Portfolio? | ABR | https://www.nasdaq.com/articles/is-it-wise-to-hold-highwoods-hiw-stock-in-your-portfolio-2018-05-25 | nan | nan | Highwood Properties, Inc.'sHIW efforts to improve portfolio quality by focusing on assets in best business districts (BBD) bode well. However, assets concentrated in a few markets make it vulnerable to the economic and political doldrums prevalent in the area.
The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Results reflected a year-over-year improvement in same-property cash net operating income (NOI).
The company also raised its full-year funds from operations (FFO) per share outlook, revising it from the previous range of $3.35-$3.47 to $3.37-$3.47. The Zacks Consensus Estimate for Highwoods is within this range.
Further, the company's assets are located in markets witnessing improvement in economy and job growth rates. Per management, with an accretive job and economic environment in the Southeastern markets, Highwood's markets have met or surpassed the national average for annual employment growth rate for 27 consecutive quarters. Against this backdrop, demand and rent for Highwoods premium office spaces is expected to grow.
Further, to benefit from the recovering market, this real estate investment trust (REIT) has been expanding its footprint in high growth markets through asset acquisitions, dispositions and developments. To fund these acquisitions, the company is utilizing sale proceeds from non-core asset dispositions. In fact, on Feb 6, the company purchased two land parcels in CBD Nashville by using 1031 exchange funds accrued from dispositions in 2017. Such strategic moves will improve its portfolio quality without affecting the company's balance sheet.
However, with dearth of trophy assets available for purchase, the acquisition market remains unfavorable. This has resulted in steep pricing of high-quality assets and intense competition from developers, owners and operators of office properties, as well as other commercial real estate
Furthermore, the company has a large development pipeline, with anticipated total investments of $440 million. This extensive development plan increases operational risks by exposing the company to rising construction costs, entitlement delays and lease-up risks.
The stock has gained 5.8% year to date, outperforming 3.2% growth registered by the industry it belongs to.
Stocks Worth a Look
Some better-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 in a month's time. Its shares have returned 16.7% over the past year.
Chatham Lodging's FFO per share estimates for the current year inched up 1% to $1.93 in the past month. Its shares have gained 8% in the past year.
Prologis FFO per share estimates for 2018 inched up 0.8% to $2.98 over the past month. Its shares have gained 15.6% over the past year.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Highwoods Properties, Inc. (HIW): Free Stock Analysis Report
Prologis, Inc. (PLD): Free Stock Analysis Report
Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look Some better-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Highwoods Properties, Inc. (HIW): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Highwood Properties, Inc.'sHIW efforts to improve portfolio quality by focusing on assets in best business districts (BBD) bode well. | Stocks Worth a Look Some better-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Highwoods Properties, Inc. (HIW): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 in a month's time. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Highwoods Properties, Inc. (HIW): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look Some better-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . Further, to benefit from the recovering market, this real estate investment trust (REIT) has been expanding its footprint in high growth markets through asset acquisitions, dispositions and developments. | Stocks Worth a Look Some better-ranked stocks from the same space are Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Prologis, Inc. PLD . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Highwoods Properties, Inc. (HIW): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Further, to benefit from the recovering market, this real estate investment trust (REIT) has been expanding its footprint in high growth markets through asset acquisitions, dispositions and developments. |
30204.0 | 2018-05-24 00:00:00 UTC | Prologis Sells 21-Building Campus to Facebook for $400M | ABR | https://www.nasdaq.com/articles/prologis-sells-21-building-campus-to-facebook-for-%24400m-2018-05-24 | nan | nan | Prologis Inc. 's PLD 21-building campus in Menlo Park, CA, has been acquired by Facebook FB for $400 million as part of the latter's expansion plans, per Bloomberg. The warehouses will be demolished, where office and residential spaces will be built to accommodate Facebook's employees.
This industrial real estate investment trust (REIT) purchased the property in Menlo Park, 10 years ago, for $110 million. Per the chief executive officer of Prologis, Hamid Moghadam, Facebook had to double its previous offer, made in 2015, to acquire the space.
The deal reflects how warehouses are benefiting from solid demand for space in urban areas. Another advantage being enjoyed by the industrial REITs is better pricing power due to declining warehouse supply.
Amid e-commerce boom, growth in industries and companies opting for consolidation of operations for improving supply chain efficiencies and shifting closer to large population centers, demand for logistics infrastructure and efficient distribution networks has been increasing. This is helping the industrial real estate market to grow and given Prologis' solid capacity, the company remains well poised to capitalize on this trend.
Particularly, with a large customer base, e-commerce boom and heightened urbanization, companies are shifting their strategies toward same-day delivery and other services, which are propelling demand for modern distribution facilities.
Further, healthy manufacturing environment, recovering economy and job-market gains are likely to drive demand from other sectors beside e-commerce. Thus, Prologis is well poised to benefit from its capacity to offer modern distribution facilities at strategic in-fill locations.
This Zacks Rank #2 (Buy) stock has outperformed its industry in the past three months. The stock has gained 6.4%, while the industry recorded growth of 3.3% during this time frame.
Other Stocks Worth a Look
A few other top-ranked stocks from the same space are Arbor Realty Trust ABR and Chatham Lodging Trust CLDT . Both stocks carry a Zacks Rank of 2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 in a month's time. Its shares have returned 26.6% over the past 12 months.
Chatham Lodging's FFO per share estimates for the current year inched up 1% to $1.93 in a month's time. Its shares have gained 14.4% over the past 12 months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Wall Street's Next Amazon
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks Worth a Look A few other top-ranked stocks from the same space are Arbor Realty Trust ABR and Chatham Lodging Trust CLDT . Click to get this free report Facebook, Inc. (FB): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Prologis Inc. 's PLD 21-building campus in Menlo Park, CA, has been acquired by Facebook FB for $400 million as part of the latter's expansion plans, per Bloomberg. | Other Stocks Worth a Look A few other top-ranked stocks from the same space are Arbor Realty Trust ABR and Chatham Lodging Trust CLDT . Click to get this free report Facebook, Inc. (FB): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. This industrial real estate investment trust (REIT) purchased the property in Menlo Park, 10 years ago, for $110 million. | Other Stocks Worth a Look A few other top-ranked stocks from the same space are Arbor Realty Trust ABR and Chatham Lodging Trust CLDT . Click to get this free report Facebook, Inc. (FB): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. This Zacks Rank #2 (Buy) stock has outperformed its industry in the past three months. | Other Stocks Worth a Look A few other top-ranked stocks from the same space are Arbor Realty Trust ABR and Chatham Lodging Trust CLDT . Click to get this free report Facebook, Inc. (FB): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. This Zacks Rank #2 (Buy) stock has outperformed its industry in the past three months. |
30205.0 | 2018-05-23 00:00:00 UTC | AvalonBay and Terra Buy a Redevelopment Project in Doral | ABR | https://www.nasdaq.com/articles/avalonbay-and-terra-buy-a-redevelopment-project-in-doral-2018-05-23 | nan | nan | AvalonBay CommunitiesAVB , along with Terra, which is a development firm based in Florida, has purchased portions of a redevelopment project in Doral for $33.5 million, as a report by the Bizjournal.
Presently, the property has offices spanning 136,892 square feet and a 4,322-square-feet restaurant. Both of these will be knocked down to build a mixed-use project named Atrium.
The company plans to construct 350 apartments in an eight-storied building. An affiliate of AvalonBay, Avalon Doral LLC has purchased the land, spanning 4.57 acres, for $20 million. Stantic is the architect for this project.
Moreover, the other 5.23 acres were bought by an affiliate of Terra called Doral Atrium Retail Investments for $13.5 million and they plan to construct retail space covering 90,000 square feet. This space will be developed by Beame Architectural Partnership.
Notably, AvalonBay has high-quality assets located in some of the premium markets of the country, which enable it to generate steady rental revenues. In fact, in 2017, the company delivered the seventh consecutive year of above-sector average core FFO per share growth. Going forward, based on the company's strong fundamentals, we expect the uptrend to continue.
Further, increasing consumer confidence on the back of job growth, rising wages and a healthier balance sheet promise solid prospects for AvalonBay. Additionally, corporate profits are up and business confidence has recovered. Also, demographic growth continues to be strong in the young-adult age cohort, which has a higher propensity to rent.
In fact, a significant change in lifestyle has taken place and life-cycle events are getting delayed. This is leading to an extension of the average age of first-time homeownership. This age cohort has also experienced a considerable part of the net job growth and is helping to increase primary renter demand. Household formation is picking up pace as well.
Nonetheless, the company faces stiff competition from other housing alternatives such as rental apartments, condominiums and single-family homes. Such a competitive landscape limits AvalonBay's ability to increase rent, thereby restricting its growth momentum.
AvalonBay currently has a Zacks Rank #3 (Hold). Shares of the company have decreased 12.3% in the past six months, underperforming the industry 's decline of 8.5%.
Stocks Worth a Look
A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . All the stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 in a month's time. Its shares have returned 15.1% over the last three months.
Prologis' FFO per share estimates for the current year moved up 1.7% to $2.98 in a month's time. Its shares have gained 4.8% over the last three months.
Chatham Lodging's FFO per share estimates for the current year inched up 1% to $1.93 in a month's time. Its shares have gained 12.7% over the past 12 months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report AvalonBay Communities, Inc. (AVB): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. AvalonBay CommunitiesAVB , along with Terra, which is a development firm based in Florida, has purchased portions of a redevelopment project in Doral for $33.5 million, as a report by the Bizjournal. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report AvalonBay Communities, Inc. (AVB): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the other 5.23 acres were bought by an affiliate of Terra called Doral Atrium Retail Investments for $13.5 million and they plan to construct retail space covering 90,000 square feet. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report AvalonBay Communities, Inc. (AVB): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 in a month's time. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report AvalonBay Communities, Inc. (AVB): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. AvalonBay CommunitiesAVB , along with Terra, which is a development firm based in Florida, has purchased portions of a redevelopment project in Doral for $33.5 million, as a report by the Bizjournal. |
30206.0 | 2018-05-23 00:00:00 UTC | Outfront Media & Greenridge Farm Partner for OOH Campaign | ABR | https://www.nasdaq.com/articles/outfront-media-greenridge-farm-partner-for-ooh-campaign-2018-05-23 | nan | nan | As part of its efforts to focus on out-of-home (OOH) advertising business, Outfront MediaOUT has collaborated with Greenridge Farm. The primary motive behind this campaign is to ensure that people check the ingredients and compare rationally between the meats offered by different brands. They also intend to make consumers aware of the natural products offered by Greenridge Farm.
The company plans to initiate the campaign with 27 billboards developed by Outfront Studios across Chicago. Billboards, strategically located on expressways as well as bridge trestles, will highlight catchy taglines such as "Our fine print is not 'fine print'" to grab the attention of meat consumers, and promote Greenridge Farm's natural, premium-quality meats and sausages.
Through the best-in-class technology and assets in premium high traffic outdoor spaces, Outfront Media will likely help in reaching the target audience and drive the campaign.
Also, Outfront Media's mobile network will be used in the campaign to reach buyers. Additionally, the agency's mobile network is expected to keep its target audience engaged. Moreover, shoppers can be reached at the stores selling Greenridge Farm deli meats and sausages through geofencing technology.
Jodi Senese, executive vice president and chief marketing officer at Outfront Media informed, "The collaboration between our teams was extraordinary, and our ability to develop the creative and include both our billboards and mobile network will truly show Chicago who Greenridge Farm is."
Of late, Outfront Media has been focusing on the expansion of its OOH advertising business. In April 2018, the company announced collaboration with Ford Motor Company F for an OOH advertisement campaign, which is going to run through July and display Mustang's 2018 model.
Earlier, in March 2018, Outfront Media announced a partnership with The Body Shop for their first-ever OOH advertisement campaign 'Forever Against Animal Testing.' Also, the company announced a collaboration with the University of Michigan Counseling and Psychological Services, the Steven Schwartzberg Foundation, LOGIC, Glenn Close, and Michi and Brandon Marshall, for a campaign to raise awareness about mental health.
However, Outfront Media faces stiff competition from other outdoor advertisers, regarding customers, display locations and structures. It also competes with other media, including conventional platforms, along with online, mobile & social media platforms. This is anticipated to adversely affect the company's pricing power in the market.
Amid soft market concerns, shares of this Zacks Rank #3 (Hold) company have underperformed the industry in the past six months. Its shares have declined 15.1% against the industry's loss of 6.1%.
Stocks Worth a Look
A few better-ranked stocks from the same space include Arbor Realty Trust ABR and Prologis, Inc. PLD . Both stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 in a month's time. Its shares have returned 15.1%, over the past three months.
Prologis' FFO per share estimates for the current year moved up 1.7% to $2.98 in a month's time. Its shares have gained 4.8%, over the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR and Prologis, Inc. PLD . Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report OUTFRONT Media Inc. (OUT): Free Stock Analysis Report To read this article on Zacks.com click here. Through the best-in-class technology and assets in premium high traffic outdoor spaces, Outfront Media will likely help in reaching the target audience and drive the campaign. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR and Prologis, Inc. PLD . Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report OUTFRONT Media Inc. (OUT): Free Stock Analysis Report To read this article on Zacks.com click here. In April 2018, the company announced collaboration with Ford Motor Company F for an OOH advertisement campaign, which is going to run through July and display Mustang's 2018 model. | Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report OUTFRONT Media Inc. (OUT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR and Prologis, Inc. PLD . Jodi Senese, executive vice president and chief marketing officer at Outfront Media informed, "The collaboration between our teams was extraordinary, and our ability to develop the creative and include both our billboards and mobile network will truly show Chicago who Greenridge Farm is." | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR and Prologis, Inc. PLD . Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report OUTFRONT Media Inc. (OUT): Free Stock Analysis Report To read this article on Zacks.com click here. Also, Outfront Media's mobile network will be used in the campaign to reach buyers. |
30207.0 | 2018-05-21 00:00:00 UTC | Jones Lang LaSalle Amends Unsecured Revolving Credit Facility | ABR | https://www.nasdaq.com/articles/jones-lang-lasalle-amends-unsecured-revolving-credit-facility-2018-05-21 | nan | nan | Jones Lang LaSalle IncorporatedJLL , popularly known as JLL, recently amended its bank credit facility and extended the maturity of the bank's existing $2.75-billion unsecured revolving credit facility. The borrowing capacity remained intact, but the maturity was extended to May 2023 from the current date in June 2021.
The move is encouraging down the line for the company's operational efficiency as it enhances the financial flexibility as well as provides support for JLL's growth strategy.
Notably, JLL's robust balance sheet helps it manage debt level in an efficient way. Though at the end of first-quarter 2018, the company's net debt increased $323.9 million from the end of the prior quarter to $910.1 million, it was successfully brought down by $477.8 million from the prior-year figure. The sequential increase was due to the annual first-quarter payment of variable compensation to employees as it delivered strong results in 2017.
Nonetheless, the company is on track to reduce the debt levels. The year-over-year improvement reflects a significant progress in the company's business performance and working-capital management. Backed by a solid balance sheet and healthy debt position, the company remains well poised to continue with its growth momentum.
Christie B. Kelly, the chief financial officer of JLL, informed, "Our balance sheet strength and investment-grade ratings reflect our commitment to profitable growth. Our stronger credit facility, supported by a top-tier banking group, provides liquidity and capacity at attractive pricing to maintain our capital allocation growth strategy including technology investments consistent with our digital agenda."
Shares of this Zacks Rank #1 (Strong Buy) company have surged 49.6% over the past year, widely outperforming 9.8% growth of the industry .
Other Stocks Worth a Look
A few other top-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 in a month's time. Its shares have returned 11.5% over the last three months.
Prologis' FFO per share estimates for the current year moved up 1.7% to $2.98 in a month's time. Its shares have gained 5.6% over the last three months.
Host Hotels & Resorts' FFO per share estimates for 2018 witnessed rise of 3.6% and moved to $1.72 in a month's time. The stock has gained 7.3% over the last three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks Worth a Look A few other top-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Jones Lang LaSalle Incorporated (JLL): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report To read this article on Zacks.com click here. Christie B. Kelly, the chief financial officer of JLL, informed, "Our balance sheet strength and investment-grade ratings reflect our commitment to profitable growth. | Other Stocks Worth a Look A few other top-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Jones Lang LaSalle Incorporated (JLL): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks Worth a Look A few other top-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Jones Lang LaSalle Incorporated (JLL): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of this Zacks Rank #1 (Strong Buy) company have surged 49.6% over the past year, widely outperforming 9.8% growth of the industry . | Other Stocks Worth a Look A few other top-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Jones Lang LaSalle Incorporated (JLL): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report To read this article on Zacks.com click here. Prologis' FFO per share estimates for the current year moved up 1.7% to $2.98 in a month's time. |
30208.0 | 2018-05-18 00:00:00 UTC | Top Ranked Momentum Stocks to Buy for May 18th | ABR | https://www.nasdaq.com/articles/top-ranked-momentum-stocks-to-buy-for-may-18th-2018-05-18 | nan | nan | Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 18th:
AcelRxPharmaceuticals, Inc. (ACRX): This operator of a specialty pharmaceutical companyhas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 13.3% over the last 60 days.
AcelRx Pharmaceuticals, Inc. Price and Consensus
AcelRx Pharmaceuticals, Inc. price-consensus-chart | AcelRx Pharmaceuticals, Inc. Quote
AcelRx's shares gained 25% over the last one month more than S&P 500's gain of 0.4%. The company possesses a Momentum Score of A.
AcelRx Pharmaceuticals, Inc. Price
AcelRx Pharmaceuticals, Inc. price | AcelRx Pharmaceuticals, Inc. Quote
Acer Therapeutics Inc. (ACER): This developer of therapies for ultra-rare diseaseshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.2% over the last 60 days.
Opexa Therapeutics, Inc. Price and Consensus
Opexa Therapeutics, Inc. price-consensus-chart | Opexa Therapeutics, Inc. Quote
Acer Therapeutics' shares gained 4% over the last one month. The company possesses a Momentum Score of A.
Opexa Therapeutics, Inc. Price
Opexa Therapeutics, Inc. price | Opexa Therapeutics, Inc. Quote
Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 14.4% over the last 60 days.
Arbor Realty Trust Price and Consensus
Arbor Realty Trust price-consensus-chart | Arbor Realty Trust Quote
Arbor Realty's shares gained 6.6% over the last one month. The company possesses a Momentum Score of A.
Arbor Realty Trust Price
Arbor Realty Trust price | Arbor Realty Trust Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The company possesses a Momentum Score of A. Opexa Therapeutics, Inc. Price Opexa Therapeutics, Inc. price | Opexa Therapeutics, Inc. Quote Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 14.4% over the last 60 days. Click to get this free report AcelRx Pharmaceuticals, Inc. (ACRX): Free Stock Analysis Report Opexa Therapeutics, Inc. (ACER): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 18th: AcelRxPharmaceuticals, Inc. (ACRX): This operator of a specialty pharmaceutical companyhas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 13.3% over the last 60 days. | The company possesses a Momentum Score of A. Opexa Therapeutics, Inc. Price Opexa Therapeutics, Inc. price | Opexa Therapeutics, Inc. Quote Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 14.4% over the last 60 days. Click to get this free report AcelRx Pharmaceuticals, Inc. (ACRX): Free Stock Analysis Report Opexa Therapeutics, Inc. (ACER): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust Price and Consensus Arbor Realty Trust price-consensus-chart | Arbor Realty Trust Quote Arbor Realty's shares gained 6.6% over the last one month. | The company possesses a Momentum Score of A. Opexa Therapeutics, Inc. Price Opexa Therapeutics, Inc. price | Opexa Therapeutics, Inc. Quote Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 14.4% over the last 60 days. Click to get this free report AcelRx Pharmaceuticals, Inc. (ACRX): Free Stock Analysis Report Opexa Therapeutics, Inc. (ACER): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of A. AcelRx Pharmaceuticals, Inc. Price AcelRx Pharmaceuticals, Inc. price | AcelRx Pharmaceuticals, Inc. Quote Acer Therapeutics Inc. (ACER): This developer of therapies for ultra-rare diseaseshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.2% over the last 60 days. | Click to get this free report AcelRx Pharmaceuticals, Inc. (ACRX): Free Stock Analysis Report Opexa Therapeutics, Inc. (ACER): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of A. Opexa Therapeutics, Inc. Price Opexa Therapeutics, Inc. price | Opexa Therapeutics, Inc. Quote Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 14.4% over the last 60 days. Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 18th: AcelRxPharmaceuticals, Inc. (ACRX): This operator of a specialty pharmaceutical companyhas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 13.3% over the last 60 days. |
30209.0 | 2018-05-17 00:00:00 UTC | Top Ranked Momentum Stocks to Buy for May 17th | ABR | https://www.nasdaq.com/articles/top-ranked-momentum-stocks-to-buy-for-may-17th-2018-05-17 | nan | nan | Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 17th:
Atlas Air Worldwide Holdings, Inc. (AAWW): This provider of aviation services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 52.6% over the last 60 days.
Atlas Air Worldwide Holdings Price and Consensus
Atlas Air Worldwide Holdings price-consensus-chart | Atlas Air Worldwide Holdings Quote
Atlas Air's shares gained 8.8% over the last one month more than S&P 500's gain of 0.5%. The company possesses a Momentum Score of A.
Atlas Air Worldwide Holdings Price
Atlas Air Worldwide Holdings price | Atlas Air Worldwide Holdings Quote
Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.
Asbury Automotive Group, Inc. Price and Consensus
Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote
Asbury Automotive's shares gained 2.2% over the last one month. The company possesses a Momentum Score of B.
Asbury Automotive Group, Inc. Price
Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote
Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 30% over the last 60 days.
Arbor Realty Trust Price and Consensus
Arbor Realty Trust price-consensus-chart | Arbor Realty Trust Quote
Arbor Realty's shares gained 14.4% over the last one month. The company possesses a Momentum Score of A.
Arbor Realty Trust Price
Arbor Realty Trust price | Arbor Realty Trust Quote
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The company possesses a Momentum Score of B. Asbury Automotive Group, Inc. Price Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 30% over the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 17th: Atlas Air Worldwide Holdings, Inc. (AAWW): This provider of aviation services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 52.6% over the last 60 days. | The company possesses a Momentum Score of B. Asbury Automotive Group, Inc. Price Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 30% over the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of A. Atlas Air Worldwide Holdings Price Atlas Air Worldwide Holdings price | Atlas Air Worldwide Holdings Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. | The company possesses a Momentum Score of B. Asbury Automotive Group, Inc. Price Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 30% over the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of A. Atlas Air Worldwide Holdings Price Atlas Air Worldwide Holdings price | Atlas Air Worldwide Holdings Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. | The company possesses a Momentum Score of B. Asbury Automotive Group, Inc. Price Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 30% over the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report To read this article on Zacks.com click here. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. |
30210.0 | 2018-05-17 00:00:00 UTC | Here's Why Hold Strategy is Apt for Alexandria (ARE) Now | ABR | https://www.nasdaq.com/articles/heres-why-hold-strategy-is-apt-for-alexandria-are-now-2018-05-17 | nan | nan | Alexandria Real Estate Equities, Inc .'s ARE robust fundamentals of the life-science industry have enabled the company's Class A properties in AAA locations to enjoy high occupancy. Also, the company's effort to improve credit profile is encouraging. It has an adequate capital buffer, which will likely cushion its position during any adverse situation. However, the company's global footprint makes its profitability vulnerable to currency fluctuations. Further, near-term dilution effects from the sale of assets remain a concern for the company.
Recently, this urban office real estate investment trust (REIT) reported first-quarter 2018 adjusted funds from operations (FFO) of $1.62 per share, which surpassed the Zacks Consensus Estimate of $1.59. Results reflected solid internal and external growth. Further, the company experienced an increase in rental rate and net operating income (NOI).
Notably, Alexandria focuses on Class A properties concentrated in urban campuses, primarily for life science and technology entities. These locations are characterized by high barriers to entry and exit, and a limited supply of available space. This highly dynamic setting adds to the productivity and efficiency of the tenants, which, in turn, ensures steady rental revenues for the company. In fact, as of first-quarter 2018, 57% of the annual rental revenues in effect were derived from investment-grade or large-cap tenants, whereas 79% of the annual rental revenues came in from Class A properties in AAA locations.
Further, the company continues to execute and deliver strong internal growth. During first-quarter 2018, same-property cash NOI growth was solid at 14.6%. Leasing activity for the quarter was also decent at around 1.5 million rentable square feet (RSF). The company carried out lease renewals and re-leasing of space at rental-rate growth of 19.0%, on a cash basis.
In addition, robust external growth, in forms of development and redevelopment of new Class A properties in AAA locations, is likely to boost the company's operating performance. In fact, during first-quarter 2018, the company placed into service 91,155 RSF at its development project at 100 Binney Street in Cambridge submarket, which is fully leased to four high-quality biotechnology entities, and 27,315 RSF at its redevelopment project at 266 and 275 Second Avenue in Route 128 submarket leased to Visterra, Inc. Further, during the aforementioned period, Alexandria commenced development projects, aggregating 651,951 RSF.
Moreover, Alexandria has an adequate financial flexibility to cushion and enhance its market position. The company had $2.3 billion of liquidity as of first-quarter 2018. Also, it has a well-laddered debt-maturity schedule. Importantly, Alexandria improved its credit profile over the past two years.
Nonetheless, Alexandria has exposure to Canada and Asia through its subsidiaries, which exposes it to risks from currency fluctuations. Further, the company follows the strategy of recycling capital from real estate sales, including non-core operating assets to finance pre-leased value-creation development and redevelopment projects. However, the near-term dilution effect of such moves on earnings is unavoidable.
Moreover, a rise in interest rates is a challenge for Alexandria as the company has exposure to long-term leased assets. Any rise in rates would increase the cost of financing acquisitions, as well as investment and development activity expenses. Furthermore, the dividend payout itself might become less attractive than the yields on fixed income and money market accounts.
Amid these, in the past six months, this Zacks Rank #3 (Hold) company has outperformed the industry it belongs to. During that time frame, shares of Alexandria have depreciated 2.9%, narrower than the 6.4% decline incurred by its industry. Further, the stock has seen the Zacks Consensus Estimate for 2018 FFO per share being revised marginally upward in a month's time. Given its progress on fundamentals, the stock is likely to see a favorable trend in price.
Stocks Worth a Look
A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 over the past month. Its shares have returned 8.2% in the past three months.
Prologis' FFO per share estimates for the current year moved up 2.1% to $2.97 in a month's time. Its shares have gained 2.3% over the past three months.
Host Hotels & Resorts' FFO per share estimates for 2018 witnessed rise of 3% and moved to $1.71 over the past month. The stock has gained 1.6% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, this urban office real estate investment trust (REIT) reported first-quarter 2018 adjusted funds from operations (FFO) of $1.62 per share, which surpassed the Zacks Consensus Estimate of $1.59. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, this urban office real estate investment trust (REIT) reported first-quarter 2018 adjusted funds from operations (FFO) of $1.62 per share, which surpassed the Zacks Consensus Estimate of $1.59. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . Recently, this urban office real estate investment trust (REIT) reported first-quarter 2018 adjusted funds from operations (FFO) of $1.62 per share, which surpassed the Zacks Consensus Estimate of $1.59. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report To read this article on Zacks.com click here. 's ARE robust fundamentals of the life-science industry have enabled the company's Class A properties in AAA locations to enjoy high occupancy. |
30211.0 | 2018-05-16 00:00:00 UTC | Agree Realty (ADC) Cheers Investors With 3.8% Dividend Hike | ABR | https://www.nasdaq.com/articles/agree-realty-adc-cheers-investors-with-3.8-dividend-hike-2018-05-16 | nan | nan | Ushering in good news for its shareholders, Agree Realty Corporation 's ADC board of directors announced a 3.8% hike in the company's quarterly dividend rate to 54 cents from 52 cents paid earlier. The new dividend is scheduled to be paid on Jul 13, to shareholders of record as of Jun 29, 2018.
Based on the increased rate, the annual dividend comes to $2.16 per share, up from the prior annual rate of $2.08 per share. This leads to an annualized yield of 4.33%, considering the retail real estate investment trust's (REIT) closing price of $49.93 on May 15.
Solid dividend payouts remain arguably the biggest enticement for REIT investors and Agree Realty remains committed to boosting shareholders' wealth. The cash dividend, which reflects a year-over-year increase of 6.9%, is the 97th consecutive dividend distribution of the company.
Agree Realty's leverage picture looks encouraging. Its debt/equity ratio of 0.61 compares favorably with 1.09 for its industry. Also, this retail REIT churns cash flow per share of $3.11 compared with the industry average of $2.14. It witnessed robust cash flow growth in the past. Furthermore, the company's current cash flow growth is significantly higher than the industry average. Secure cash flow will help the company sustain its dividend payout in the future.
However, sub-optimal utilization of equity has resulted in a return on equity of 6.97%, while the industry delivered 6.99%. Also, its valuation looks stretched when compared with the industry. Agree Realty currently has a trailing 12-month price-to-FFO ratio of 17.4, which compares unfavorably with 13.2 witnessed by the industry. This limits the stock's upside potential.
In the past three months, shares of this Zacks Rank #3 (Hold) company have outperformed the industry . During the period, shares of Agree Realty have gained 7.2% while the industry declined 1.2%.
Stocks Worth a Look
A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 over the past month. Its shares have returned 17.6% in the past 12 months.
Prologis' FFO per share estimates for the current year inched up 1.7% to $2.96 in a month's time. Its shares have gained 16.1% over the past 12 months.
Chatham Lodging's FFO per share estimates for 2018 witnessed rise of 1% and moved to $1.93 over the past month. The stock has gained 2.3% in the past 12 months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Agree Realty Corporation (ADC): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. This leads to an annualized yield of 4.33%, considering the retail real estate investment trust's (REIT) closing price of $49.93 on May 15. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Agree Realty Corporation (ADC): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Agree Realty Corporation (ADC): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . In the past three months, shares of this Zacks Rank #3 (Hold) company have outperformed the industry . | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Chatham Lodging Trust CLDT . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Agree Realty Corporation (ADC): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Also, this retail REIT churns cash flow per share of $3.11 compared with the industry average of $2.14. |
30212.0 | 2018-05-15 00:00:00 UTC | Ashford Hospitality (AHT) Sells Residence Inn Tampa for $24M | ABR | https://www.nasdaq.com/articles/ashford-hospitality-aht-sells-residence-inn-tampa-for-%2424m-2018-05-15 | nan | nan | Ashford Hospitality Trust, Inc.AHT announced that it has sold Residence Inn Tampa Downtown in Tampa, FL. This 109-room property was sold for $24 million or $220,000 per key.
As of Mar 31, 2018, the hotel's EBITDA multiple of 11.8x and a 12-month trailing cap rate of 7.6% on its net operating income was represented in the sales price.
Further, revenues per available room achieved by the hotel for the 12-month period (ended Mar 31, 2018) was $122, with occupancy of 76%. The average daily rate was $161.
The Residence Inn Tampa's standing-debt balance of $19.5 million was settled prior to closing. Additionally, the debt pay-down amount of $2.9 million, relating to the release of the hotel from the loan pool, was paid off too.
Notably, the company has opted to be a net seller and has not acquired any hotels since 2015. In fact, the company has sold about $350 million of hotels over this period. During first-quarter 2018, Ashford Hospitality sold SpringHill Suites Glen Allen for $10.9 million and towards the end of the quarter, it also disposed SpringHill Suites Centreville for $7.5 million.
The President and chief executive officer of Ashford Trust, Douglas A. Kessler informed, "The Residence Inn Tampa transaction demonstrates our value-added approach given pricing was at an attractive cap rate compared with our current market valuation." He also feels that the above-mentioned sale is in sync with the company's efforts to improve returns for shareholders, using their strategies of investing opportunistically in upper-upscale, full-service hotels in the hospitality industry.
Encouragingly, in the past year, this Zacks Rank #3 (Hold) stock has outperformed the industry . While the company's shares have gained 26.2%, the industry has recorded 2.7% rise.
Stocks Worth a Look
A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 over the past month. Its shares have returned 15.8% in the past three months.
Prologis' FFO per share estimates for the current year inched up 1.7% to $2.96 in a month's time. Its shares have gained 6% over the past three months.
Over the past month, Host Hotels & Resorts' FFO per share estimates for 2018 witnessed rise of 3% and moved to $1.71. The stock has gained 6.1% in the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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Ashford Hospitality Trust Inc (AHT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Ashford Hospitality Trust Inc (AHT): Free Stock Analysis Report To read this article on Zacks.com click here. The President and chief executive officer of Ashford Trust, Douglas A. Kessler informed, "The Residence Inn Tampa transaction demonstrates our value-added approach given pricing was at an attractive cap rate compared with our current market valuation." | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Ashford Hospitality Trust Inc (AHT): Free Stock Analysis Report To read this article on Zacks.com click here. Over the past month, Host Hotels & Resorts' FFO per share estimates for 2018 witnessed rise of 3% and moved to $1.71. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Ashford Hospitality Trust Inc (AHT): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 over the past month. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Prologis, Inc. PLD and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Ashford Hospitality Trust Inc (AHT): Free Stock Analysis Report To read this article on Zacks.com click here. As of Mar 31, 2018, the hotel's EBITDA multiple of 11.8x and a 12-month trailing cap rate of 7.6% on its net operating income was represented in the sales price. |
30213.0 | 2018-05-14 00:00:00 UTC | Why Hold Strategy is Apt for Aimco (AIV) Stock Right Now | ABR | https://www.nasdaq.com/articles/why-hold-strategy-is-apt-for-aimco-aiv-stock-right-now-2018-05-14 | nan | nan | Apartment Investment and Management CompanyAIV - better known as Aimco - has been making diligent efforts to reposition its portfolio by shedding non-strategic properties and investing the proceeds in opportunistic acquisitions. However, the dilutive impact on earnings from such asset dispositions cannot be bypassed in the near term. Also, new supply in various markets is anticipated to dampen the company's rent growth and new-lease pricing ability.
Recently, Aimco reported in-line results for first-quarter 2018 with respect to pro forma funds from operation (FFO) per share. The results displayed growth in property net operating income (NOI), supported by same-store properties, and lease-up of redevelopment and acquisition communities. However, these positives were partially offset by lower NOI from apartment sales in 2017 and 2018.
Notably, Aimco is revamping its portfolio through property sales and reinvesting the proceeds in select apartment homes with higher rents, superior margins and greater-than-expected growth. Through these efforts, the company increased its revenues per apartment home by 7% to $2,052 in first-quarter 2018. Additionally, it enhanced the quality and expected growth rate of its portfolio. In the reported quarter, the percentage of A, B and C+ home was 49%, 35% and 16%, respectively.
Moreover, in April 2018, in sync with its portfolio revamping strategy, Aimco opted for the acquisition of six apartment communities in Philadelphia for $445 million. Further, the company plans to sell its asset-management portfolio along with four affordable garden-style communities for $590 million. Also, during the first quarter, the company invested $47 million in redevelopment and development. Such efforts are expected to help the company enhance its overall portfolio quality and achieve a favorable mix for long-term growth.
Additionally, due to changing lifestyle, people, on an average, are settling later in life and thereby buying homes later, leading to a rising tendency of living in a rented home. Further, as renting is the only viable option for customers, who cannot avail mortgage loans or are unwilling to buy a house at present, demand for Aimco's premium properties are expected to continue to rise in the coming quarters.
Also, the company has been on track to enhance its balance sheet and liquidity position, and bring down leverage. Aimco is focusing on boosting its financial flexibility by increasing the pool of unencumbered apartment assets.
Nonetheless, apartment supply remained elevated in the first quarter. Particularly, new supply is competing with some of the company's higher-rent properties. This high supply is a concern because it curtails landlords' ability to command more rent and results in lesser absorption.
However, although Aimco's effort to sell non-core assets and buy properties in higher-growth infill areas is a strategic fit for the long term, the dilutive impact on earnings from such asset dispositions cannot be avoided in the near term.
Further, hike in interest rate remain a concern for Aimco. This is because the company's ability to refinance existing debt would be restricted, while the interest cost on new debt would increase. This could adversely affect the company's results and consequently dent its dividend payout.
Moreover, amid rising rates, not only the financing costs will increase, but the common stock buyers will also demand a higher dividend yield and this may negatively impact the market price of the common stock.
In the past three months, this Zacks Rank #3 (Hold) stock has underperformed the industry . While the company's shares have gained 3.8%, the industry has recorded 7.5% rise.
Stocks Worth a Look
A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 over the past month. Its shares have returned 16.6% in the past three months.
Chatham Lodging's FFO per share estimates for the current year inched up 1% to $1.93 in a month's time. Its shares have gained 12.1% over the past 12 months.
Host Hotels & Resorts' FFO per share estimates for 2018 witnessed rise of 3% and moved to $1.71 over the past month. The stock has gained 7.1% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Apartment Investment and Management Company (AIV): Free Stock Analysis Report
Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report
Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Apartment Investment and Management Company (AIV): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Aimco is revamping its portfolio through property sales and reinvesting the proceeds in select apartment homes with higher rents, superior margins and greater-than-expected growth. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Apartment Investment and Management Company (AIV): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Aimco is revamping its portfolio through property sales and reinvesting the proceeds in select apartment homes with higher rents, superior margins and greater-than-expected growth. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Apartment Investment and Management Company (AIV): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . Notably, Aimco is revamping its portfolio through property sales and reinvesting the proceeds in select apartment homes with higher rents, superior margins and greater-than-expected growth. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Apartment Investment and Management Company (AIV): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Through these efforts, the company increased its revenues per apartment home by 7% to $2,052 in first-quarter 2018. |
30214.0 | 2018-05-14 00:00:00 UTC | Hospitality Properties Amends Credit Facility and Term Loan | ABR | https://www.nasdaq.com/articles/hospitality-properties-amends-credit-facility-and-term-loan-2018-05-14 | nan | nan | Hospitality Properties TrustHPT amended and restated its credit agreement that extends its existing $1-billion unsecured revolving credit facility. Further, Hospitality Properties amended its $400-million unsecured term loan. The move is encouraging down the line for the company's operational efficiency as it enhances the financial flexibility of the REIT.
Importantly, the previous credit facility, which was set to expire on Jul 15, 2018, is now slated to mature in four years on Jul 15, 2022, unless one of the two six-month extension options is exercised to further extend the loan. In addition, the interest rate on the borrowings would be at an annual rate of LIBOR plus 100 basis points (bps), conditioned upon the company's credit ratings compared with a rate of LIBOR plus 110 bps under its earlier facility. However, the annual facility fee of 20 bps, which is subject to the company's credit ratings, has remained unchanged.
During the three months, ending Jun 30, 2018, Hospitality Properties will be recognizing a loss on early extinguishment of debt and will write off the unamortized-debt issuance costs, totaling $748,000.
Additionally, the company extended its $400-million term loan, which was due on Apr 15, 2019. It carried an annual interest rate on drawings of LIBOR plus 120 bps. Now the loan is slated to mature on Jul 15, 2023, carrying an annual interest rate of LIBOR plus 110 bps, which is conditioned upon the company's credit ratings.
Lastly, under the revised agreement, the company can increase its borrowings and commitments to up to $2.3 billion on a combined basis.
The refinancing is a strategic fit for Hospitality Properties as it has reduced interest expenses and extended maturities of loans, which is likely to help the company meet its financial obligations efficiently.
The company currently carries a Zacks Rank #3 (Hold). In the past year, the company's shares have gained 4% while its industry registered growth of 2.7%.
Stocks Worth a Look
A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 over the past month. Its shares have returned 16.6% over the past three months.
Chatham Lodging's FFO per share estimates for the current year inched up 1% to $1.93 in a month's time. Its shares have gained 12.1% over the past 12 months.
Host Hotels & Resorts' FFO per share estimates for 2018 witnessed rise of 3% and moved to $1.71 over the past month. The stock has gained 7.1% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report
Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report
Hospitality Properties Trust (HPT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report Hospitality Properties Trust (HPT): Free Stock Analysis Report To read this article on Zacks.com click here. During the three months, ending Jun 30, 2018, Hospitality Properties will be recognizing a loss on early extinguishment of debt and will write off the unamortized-debt issuance costs, totaling $748,000. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report Hospitality Properties Trust (HPT): Free Stock Analysis Report To read this article on Zacks.com click here. Now the loan is slated to mature on Jul 15, 2023, carrying an annual interest rate of LIBOR plus 110 bps, which is conditioned upon the company's credit ratings. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report Hospitality Properties Trust (HPT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . In addition, the interest rate on the borrowings would be at an annual rate of LIBOR plus 100 basis points (bps), conditioned upon the company's credit ratings compared with a rate of LIBOR plus 110 bps under its earlier facility. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report Hospitality Properties Trust (HPT): Free Stock Analysis Report To read this article on Zacks.com click here. All three stocks carry a Zacks Rank #2 (Buy). |
30215.0 | 2018-05-11 00:00:00 UTC | SL Green (SLG) Revamps Portfolio by Selling & Buying Assets | ABR | https://www.nasdaq.com/articles/sl-green-slg-revamps-portfolio-by-selling-buying-assets-2018-05-11 | nan | nan | SL Green RealtySLG is revamping its portfolio by disposing of non-core assets and acquiring interests in other properties.
The company announced that it has entered into an agreement to sell the fee interest at 635 Madison Avenue for a gross consideration of $151 million. The transaction is subject to customary closing conditions and is likely to be completed by third-quarter 2018. SL Green bought fee interest in this property for $145 million in 2014.
Also, SL Green announced that it had successfully bid on the leasehold interest at 2 Herald Square, which was in the process of foreclosing on. The asset, which spans across 369,000 square feet, is conveniently located at the juncture of the Sixth Avenue, Broadway and the 34th Street. Further, the foot traffic along the corridor of 34th Street surpasses 100 million people per annum.
Moreover, following the completion of this office and retail asset acquisition, SL Green plans to form a joint venture with an institutional investor based in Israel. The property boasts tenants like WeWork that is largely occupied by Amazon.com, Inc. AMZN , Victoria's Secret and Mercy College.
Shrinking its ownership in non-core assets gives SL Green an opportunity to channelize the proceeds in high-growth properties. The company is New York City's largest commercial landlord, which primarily acquires, manages, develops and leases commercial office properties in the New York Metropolitan area, especially mid-town Manhattan.
However, increased supply in the company's markets remains a concern. Also, SL Green faces intense competition from developers, owners and operators of office properties and other commercial real estates. This restricts its ability to attract and retain tenants at relatively higher rents than its competitors.
Encouragingly, in the past three months, this Zacks Rank #3 (Hold) stock has outperformed the industry . While the company's shares have gained 9.2%, the industry has recorded 5.1% rise.
Stocks Worth a Look
A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 over the past month. Its shares have returned 16.1% in the past three months.
Chatham Lodging's FFO per share estimates for the current year inched up 1% to $1.93 in a month's time. Its shares have gained 5.7% over the past 12 months.
Host Hotels & Resorts' FFO per share estimates for 2018 witnessed rise of 3% and moved to $1.71 over the past month. The stock has gained 7.7% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report
SL Green Realty Corporation (SLG): Free Stock Analysis Report
Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report SL Green Realty Corporation (SLG): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, following the completion of this office and retail asset acquisition, SL Green plans to form a joint venture with an institutional investor based in Israel. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report SL Green Realty Corporation (SLG): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report SL Green Realty Corporation (SLG): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share rose 14.4% to $1.03 over the past month. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Chatham Lodging Trust CLDT and Host Hotels & Resorts, Inc. HST . Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report SL Green Realty Corporation (SLG): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. SL Green bought fee interest in this property for $145 million in 2014. |
30216.0 | 2018-05-11 00:00:00 UTC | Arbor Realty Trust (ABR) Ex-Dividend Date Scheduled for May 14, 2018 | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-ex-dividend-date-scheduled-may-14-2018-2018-05-11 | nan | nan | Arbor Realty Trust ( ABR ) will begin trading ex-dividend on May 14, 2018. A cash dividend payment of $0.25 per share is scheduled to be paid on May 31, 2018. Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $9.43, the dividend yield is 10.6%.
The previous trading day's last sale of ABR was $9.43, representing a -0.79% decrease from the 52 week high of $9.51 and a 20.43% increase over the 52 week low of $7.83.
ABR is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) ( AMT ) and Simon Property Group, Inc. ( SPG ). ABR's current earnings per share, an indicator of a company's profitability, is $1.24. Zacks Investment Research reports ABR's forecasted earnings growth in 2018 as -.96%, compared to an industry average of 2.3%.
For more information on the declaration, record and payment dates, visit the ABR Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABR through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABR as a top-10 holding:
iShares Trust ( REM ).
The top-performing ETF of this group is REM with an decrease of -6.56% over the last 100 days. It also has the highest percent weighting of ABR at 0.99%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. ABR is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) ( AMT ) and Simon Property Group, Inc. ( SPG ). Zacks Investment Research reports ABR's forecasted earnings growth in 2018 as -.96%, compared to an industry average of 2.3%. | ABR's current earnings per share, an indicator of a company's profitability, is $1.24. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Arbor Realty Trust ( ABR ) will begin trading ex-dividend on May 14, 2018. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABR was $9.43, representing a -0.79% decrease from the 52 week high of $9.51 and a 20.43% increase over the 52 week low of $7.83. For more information on the declaration, record and payment dates, visit the ABR Dividend History page. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. ABR's current earnings per share, an indicator of a company's profitability, is $1.24. The following ETF(s) have ABR as a top-10 holding: iShares Trust ( REM ). |
30217.0 | 2018-05-10 00:00:00 UTC | Zacks Investment Ideas feature highlights: Plymouth Industrial and Arbor Realty | ABR | https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-plymouth-industrial-and-arbor-realty-2018-05-10 | nan | nan | For Immediate Release
Chicago, IL - May 10, 2018 - Today, Zacks Investment Ideas feature highlights Features: Plymouth Industrial REIT, IncPLYM and Arbor Realty TrustABR .
Do Rising Rates Spell Doom for All REITs? Not By a Longshot
Real Estate Investment Trusts (REITs) have had a rough go of it lately, due mostly to the effects of steadily rising interest rates.
Because REITs are a bundle of real properties (plus sometimes mortgages and debt products in which real estate holdings are the primary collateral) and pay dividends based on predictable cash flows, their prices tend to mirror the behavior of bonds.
When interest rates rise, the price of bonds fall, as their coupon rate looks relatively less attractive when compared to the coupon on newly issued debt securities that pay higher rates. The same concept applies to REITs when the income they produce for investors begins to look less competitive compared to bonds and other income producing securities.
It's easy to understand why the past year has been a difficult period for REITs.
Not all REITs are created equal, however. It's important to look at a financial metric not commonly used with ordinary equity securities - Funds From Operations (FFO). Because REITs typically pay out the majority of income they receive from leasing properties to shareholders as dividends, FFO is an important indicator of their continued ability to pay the dividend.
Plymouth Industrial REIT, Inc, focuses on the acquisition and management of distribution centers, warehouses and light-industrial properties. They recently surprised the market, reporting Q1 earnings of $0.27/share, beating the Zacks Consensus Estimate of $0.18 buy a full 50%. Estimates for 2018 have risen to $1.27/share from $0.88/share just 7 days ago, and Plymouth is a Zacks Rank #1 (Strong Buy).
Plymouth also raised guidance on revenues and operating income for 2018.
Significantly, Plymouth reported Q1 FFO of $2.1M for the quarter, a huge improvement from -$134K a year ago. This reflects favorably on Plymouth's ability to continue paying it's huge 8.7% dividend.
Arbor Realty Trust invests in real estate related loans, preferred equity in real estate companies and mortgage related securities, rather than in the physical properties themselves.
Because of its position as a lender in the real estate market, Arbor Trust is in a unique position to benefit from rising rates, lending at higher rates as it retires older notes.
Arbor Trust is a strong earner, beating the Zacks Consensus Estimate in each of the past 4 quarter by an average of 22%. Rising estimates earn Arbor a Zacks Rank #! (Strong Buy).
With an 8% dividend and currently trading at a forward P/E ratio of 10.5X (versus an average of 15.2X for its peers), Arbor is both a great income investment and an excellent value proposition.
Real Estate Investment Trusts present a unique set of risks and rewards and investors need to understand the differences from traditional equities, but as a way to an income and value to a diversified portfolio, strong performing REITs that have been beaten down with the industry lately might be just the thing.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
PLYMOUTH IND RE (PLYM): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL - May 10, 2018 - Today, Zacks Investment Ideas feature highlights Features: Plymouth Industrial REIT, IncPLYM and Arbor Realty TrustABR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report PLYMOUTH IND RE (PLYM): Free Stock Analysis Report To read this article on Zacks.com click here. Not By a Longshot Real Estate Investment Trusts (REITs) have had a rough go of it lately, due mostly to the effects of steadily rising interest rates. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report PLYMOUTH IND RE (PLYM): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - May 10, 2018 - Today, Zacks Investment Ideas feature highlights Features: Plymouth Industrial REIT, IncPLYM and Arbor Realty TrustABR . When interest rates rise, the price of bonds fall, as their coupon rate looks relatively less attractive when compared to the coupon on newly issued debt securities that pay higher rates. | For Immediate Release Chicago, IL - May 10, 2018 - Today, Zacks Investment Ideas feature highlights Features: Plymouth Industrial REIT, IncPLYM and Arbor Realty TrustABR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report PLYMOUTH IND RE (PLYM): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust invests in real estate related loans, preferred equity in real estate companies and mortgage related securities, rather than in the physical properties themselves. | For Immediate Release Chicago, IL - May 10, 2018 - Today, Zacks Investment Ideas feature highlights Features: Plymouth Industrial REIT, IncPLYM and Arbor Realty TrustABR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report PLYMOUTH IND RE (PLYM): Free Stock Analysis Report To read this article on Zacks.com click here. Estimates for 2018 have risen to $1.27/share from $0.88/share just 7 days ago, and Plymouth is a Zacks Rank #1 (Strong Buy). |
30218.0 | 2018-05-09 00:00:00 UTC | Do Rising Interest Rates Spell Doom for all REITs? Not By a Longshot. | ABR | https://www.nasdaq.com/articles/do-rising-interest-rates-spell-doom-all-reits-not-longshot-2018-05-09 | nan | nan | Real Estate Investment Trusts (REITs) have had a rough go of it lately, due mostly to the effects of steadily rising interest rates.
Because REITs are a bundle of real properties (plus sometimes mortgages and debt products in which real estate holdings are the primary collateral) and pay dividends based on predictable cash flows, their prices tend to mirror the behavior of bonds.
When interest rates rise, the price of bonds fall, as their coupon rate looks relatively less attractive when compared to the coupon on newly issued debt securities that pay higher rates. The same concept applies to REITs when the income they produce for investors begins to look less competitive compared to bonds and other income producing securities.
It's easy to understand why the past year has been a difficult period for REITs.
Not all REITs are created equal, however. It's important to look at a financial metric not commonly used with ordinary equity securities - Funds From Operations (FFO). Because REITs typically pay out the majority of income they receive from leasing properties to shareholders as dividends, FFO is an important indicator of their continued ability to pay the dividend.
Plymouth Industrial REIT, Inc ( PLYM ), focuses on the acquisition and management of distribution centers, warehouses and light-industrial properties. They recently surprised the market, reporting Q1 earnings of $0.27/share, beating the Zacks Consensus Estimate of $0.18 buy a full 50%. Estimates for 2018 have risen to $1.27/share from $0.88/share just 7 days ago, and Plymouth is a Zacks Rank #1 (Strong Buy).
Plymouth also raised guidance on revenues and operating income for 2018.
Significantly, Plymouth reported Q1 FFO of $2.1M for the quarter, a huge improvement from -$134K a year ago. This reflects favorably on Plymouth's ability to continue paying it's huge 8.7% dividend.
Arbor Realty Trust ( ABR ) invests in real estate related loans, preferred equity in real estate companies and mortgage related securities, rather than in the physical properties themselves.
Because of its position as a lender in the real estate market, Arbor Trust is in a unique position to benefit from rising rates, lending at higher rates as it retires older notes.
With an 8% dividend and currently trading at a forward P/E ratio of 10.5X (versus an average of 15.2X for its peers), Arbor is both a great income investment and an excellent value proposition.
Real Estate Investment Trusts present a unique set of risks and rewards and investors need to understand the differences from traditional equities, but as a way to an income and value to a diversified portfolio, strong performing REITs that have been beaten down with the industry lately might be just the thing.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PLYMOUTH IND RE (PLYM): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust ( ABR ) invests in real estate related loans, preferred equity in real estate companies and mortgage related securities, rather than in the physical properties themselves. Click to get this free report PLYMOUTH IND RE (PLYM): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Real Estate Investment Trusts (REITs) have had a rough go of it lately, due mostly to the effects of steadily rising interest rates. | Arbor Realty Trust ( ABR ) invests in real estate related loans, preferred equity in real estate companies and mortgage related securities, rather than in the physical properties themselves. Click to get this free report PLYMOUTH IND RE (PLYM): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. When interest rates rise, the price of bonds fall, as their coupon rate looks relatively less attractive when compared to the coupon on newly issued debt securities that pay higher rates. | Arbor Realty Trust ( ABR ) invests in real estate related loans, preferred equity in real estate companies and mortgage related securities, rather than in the physical properties themselves. Click to get this free report PLYMOUTH IND RE (PLYM): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Real Estate Investment Trusts present a unique set of risks and rewards and investors need to understand the differences from traditional equities, but as a way to an income and value to a diversified portfolio, strong performing REITs that have been beaten down with the industry lately might be just the thing. | Arbor Realty Trust ( ABR ) invests in real estate related loans, preferred equity in real estate companies and mortgage related securities, rather than in the physical properties themselves. Click to get this free report PLYMOUTH IND RE (PLYM): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. The same concept applies to REITs when the income they produce for investors begins to look less competitive compared to bonds and other income producing securities. |
30219.0 | 2018-04-13 00:00:00 UTC | Alexandria (ARE) Expands Alexandria LaunchLabs in Cambridge | ABR | https://www.nasdaq.com/articles/alexandria-are-expands-alexandria-launchlabs-in-cambridge-2018-04-13 | nan | nan | Alexandria Real Estate Equities, Inc.ARE is expanding its full-service life science startup platform, Alexandria LaunchLabs. The company will be opening a 20,000 square feet co-working space in Alexandria Center that is located in One Kendall Square, the heart of East Cambridge.
The latest opening, which is scheduled for fall 2018, is the extension of the company's initial launch that occurred in June 2017 in New York.
The company will be providing cost-effective space with the flexibility of sharing, thus, allowing the smallest companies to rent Alexandria's place. Further, Alexandria promises to provide high-quality equipment and services, conferencing amenities along with mentorship and programming. A management team will also provide the companies with their expertise and help these companies to grow.
Alexandria has the option of providing funds through Alexandria Seed Capital Platform to the promising companies. The platform is primarily run by Alexandria Venture Investments and supported by other venture capitalists.
Joel S. Marcus, chairman, chief executive officer and founder of Alexandria and Alexandria Venture Investments informed, "Our proven track record of providing first-in-class office and laboratory space to emerging startups and venture-backed companies, as well as our deep expertise in providing funding and accelerating company growth, distinctly positions us to extend the Alexandria LaunchLabs platform into Cambridge."
Such initiatives are likely to provide a solid startup platform for life science companies. This in turn, will drive the demand for life science space in the long run. Given Alexandria's expertise and strong balance sheet capacity, the company remains well poised to capitalize on the same.
Alexandria currently carries a Zacks Rank #3 (Hold). In the past three months, shares of the company have outperformed the industry . While the stock has edged down 3.4%, the industry has declined 4.5% during this period.
Stocks Worth a Look
A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share remained unchanged at 90 cents over the past month. Its shares have returned 2.5% in 12 months.
Extra Space Storage's FFO per share estimates for the current year moved up 0.9% to $4.59 in a month's time. Its shares have gained 9.5% over the past 12 months.
Sotherly Hotels' FFO per share estimates for 2018 remained unchanged at $1.05 over the past month. The stock has gained 11.4% during the past 12 months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share remained unchanged at 90 cents over the past month. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share remained unchanged at 90 cents over the past month. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . The company will be providing cost-effective space with the flexibility of sharing, thus, allowing the smallest companies to rent Alexandria's place. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report To read this article on Zacks.com click here. Alexandria has the option of providing funds through Alexandria Seed Capital Platform to the promising companies. |
30220.0 | 2018-04-12 00:00:00 UTC | Terreno (TRNO) Updates Q1 Operating & Investment Activities | ABR | https://www.nasdaq.com/articles/terreno-trno-updates-q1-operating-investment-activities-2018-04-12 | nan | nan | Terreno Realty CorporationTRNO provided insights on its first-quarter operating, investment and capital markets activities.
In sync with its strategy of acquiring industrial properties in strategic locations, this San Francisco-based real estate investment trust (REIT) purchased three industrial properties in the first quarter for a total of $84.7 million.
These properties, comprising three buildings spanning 418,000 square feet, are located in Torrance, CA; Woodside Queens, NY and Seattle, WA. Further, the company has about $40.3 million of acquisitions under contract for approximately 258,000 square feet and a land parcel spanning 3.5 acres.
Additionally, the company has an obligation to pay for a senior secured loan of $55 million which is held by a portfolio of improved land parcels. Terreno has the option to buy some of the land parcels in exchange of repayment of the loan. Moreover, the company has approximately 45,000 square feet of space for total $12.2 million for acquisition under the letter of intent.
On the disposition front, Terreno sold one distribution building -- situated in Capitol Heights, MD -- covering around 139,000 square feet for a price of $20.3 million. Also, it has one property under contract for disposition, measuring 302,000 square feet for a value of $24.3 million.
During the quarter, Terreno raised $2.1 million by issuing 59,234 shares of common stock. No shares were repurchased by the company.
Terreno's first quarter's operating metrics were mixed. The same-store portfolio of approximately 11.1 million square feet was 97.5% leased as of Mar 31, 2018, compared with 98.3% at the prior-quarter end. However, cash rents on new and renewed leases increased 12.5% for the quarter.
The company enjoyed the ownership of 195 buildings, spanning around 12.9 million square feet, together with ten improved land parcels, comprising 47.9 acres as of Mar 31, 2018. Additionally, three buildings are under redevelopment and will span across 377,000 square feet after completion. After considering redevelopment costs of $22.3 million, the total value comes up to $98.5 million.
Notably, the industrial asset category has grabbed attention on the back of robust demand, recovering economy and job market, strengthening e-commerce market as well as a healthy manufacturing environment. Given Terreno's solid capacity to offer modern, bulk distribution properties, it remains well poised to capitalize on robust industry fundamentals.
Encouragingly, in the past year, shares of Terreno have outperformed the industry . While its shares have gained 17.4%, the industry has recorded a loss of 5.4% during this period.
However, in the last 60 days, Terreno's full-year 2018 funds from operations (FFO) per share estimates witnessed a decline of 1.6%. It currently carries a Zacks Rank #4 (Sell).
Stocks Worth a Look
A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share remained unchanged at 90 cents over the past month. Its shares have returned 10.2% in 12 months.
Extra Space Storage's FFO per share estimates for the current year moved up 0.9% to $4.59 in a month's time. Its shares have gained 16.6% over the past 12 months.
Sotherly Hotels' FFO per share estimates for 2018 remained unchanged at $1.05 over the past month. The stock has gained 23.3% during the past 12 months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. On the disposition front, Terreno sold one distribution building -- situated in Capitol Heights, MD -- covering around 139,000 square feet for a price of $20.3 million. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. The company enjoyed the ownership of 195 buildings, spanning around 12.9 million square feet, together with ten improved land parcels, comprising 47.9 acres as of Mar 31, 2018. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . During the quarter, Terreno raised $2.1 million by issuing 59,234 shares of common stock. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. The company enjoyed the ownership of 195 buildings, spanning around 12.9 million square feet, together with ten improved land parcels, comprising 47.9 acres as of Mar 31, 2018. |
30221.0 | 2018-04-12 00:00:00 UTC | 10 Highest Dividend Yielding Stocks | ABR | https://www.nasdaq.com/articles/10-highest-dividend-yielding-stocks-2018-04-12 | nan | nan | The S&P 500 is comprised of some of the biggest American companies, including more than a few that pay substantial dividends. But just because a company is part of the S&P 500, it doesn't make its dividend a surefire bet or guarantee that it's going to make for a profitable investment. As a matter of fact, a super-high dividend yield can be a sign that the company might be getting ready to cut the payout.
Let's take a closer look at the 10 highest-yielding dividend stocks in the S&P 500. Some are sure to be buy-worthy, but if you can avoid the ones that could be dividend traps, it will make a big difference in your portfolio's returns.
Dividend yield as of closing prices April 6, 2016. Table by author.
Two very different telecoms
The highest-yielding and lowest-yielding stocks on this list -- CenturyLink and AT&T -- are both telecoms. But while AT&T's dividend is rock-solid and has regularly increased every year for a decade, CenturyLink's payout has been substantially higher than its earnings for multiple years, has already been cut once in the past decade, and could get cut again if the company can't start generating more earnings than it pays in dividends:
CTL Dividend data by YCharts .
Does that make CenturyLink a no-go and AT&T a surefire buy? Well, it depends on what you're looking for and your risk tolerance. If it's a dependable high yield with a solid chance for regular increases, then AT&T is the way to go. Its 5.5% yield is double the market average, and its low payout ratio, decent prospects for modest growth, and management's commitment to the dividend make it ideal if you want a predictable payout.
On the other hand, if you're willing to take on some risk (as I have) to potentially capture a double-digit yield, then CenturyLink deserves a look as a high-risk, high-reward investment. Just bear in mind that the entire thesis hinges on management successfully delivering on the cost-savings and cash-flow growth from its integration of Level 3 Communications, which it acquired last year. Management says the company will be free cash flow positive after paying the dividend in 2018, a major milestone that would be huge in protecting the payout. Furthermore, the company continues to project $975 million in adjusted EBITDA -- earnings before interest, taxes, depreciation, and amortization -- synergies over the next several years.
And there has been some modest progress since the Level 3 merger, but at this stage, an investment in CenturyLink is heavily weighted on promises and could turn out to be a yield trap if management fails to deliver.
A retail real estate opportunity and a struggling retailer to avoid
Real estate investment trust -- REIT for short -- Kimco Realty is one of the biggest owners of shopping centers in North America, and the fears of a brick-and-mortar retail collapse has sent its stock price down by a third. However, traditional retail is alive and well in the U.S. despite all the big-name closures that dominate the headlines. According to an IHL Group study, traditional retail sales -- and store counts -- are actually increasing while a handful of struggling retailers have driven the narrative.
That's not to say things are perfectly rosy: -- Kimco sold 21 shopping centers in the first quarter for $220 million and aims to sell off another $700 million worth this year -- its core business continues to perform well and is comprised of tenants that are relatively resistant to e-commerce disruption. According to its fourth-quarter earnings presentation, 74% of its average base rents (ABR) comes from grocery-anchored centers, more than half of its tenants provide either a service or experience, and 40% of its ABR comes from tenants with an omni-channel business. Furthermore, it only has one tenant -- TJX Companies at 3.7% -- which accounts for more than 2.5% of its ABR, which substantially reduces its risk of losses if a single large tenant folds.
At 12 times 2017 funds from operations, Kimco is very reasonably priced, and its 7.7% dividend yield is probably much safer than it might seem.
On the other hand, L Brands, owner of Victoria's Secret and Bath and Body Works, is a retailer that has struggled. The company reported a 4% decline in same-store sales in 2017 and closed nearly as many old stores as new stores opened. This realigning of its retail footprint has been an expensive undertaking that's weighing on the company's cash flow. Its GAAP payout ratio -- the percentage of earnings required to cover the dividend -- looks relatively OK at 70%. But when we compare that to the cash payout ratio, the math isn't nearly as good:
LB Payout Ratio (TTM) data by YCharts .
My concern is that L Brands will need to continue spending cash to close underperforming locations while simultaneously investing in new locations, burning a lot of cash to generate modest -- if any -- sales growth. The company won't be able to sustain a dividend that exceeds cash flow, so I'd want to see its cash payout ratio fall substantially before investing in the company. Simply put, the dividend would be the first thing likely to get cut to preserve cash, and that makes L Brands a higher-risk stock for dividend investors right now.
Short-term fears, but a long-term trend
Rising interest rates aren't good for companies that rely on a lot of debt, which most REITs do. Here's what has happened with interest rates over the past few years:
US Long-Term Interest Rates data by YCharts .
In short, this has spooked plenty of investors out of companies that use a lot of debt. But I think it's also created some opportunities as well, since rates are still well below historical averages:
US Long-Term Interest Rates data by YCharts .
HCP, Ventas, and Welltower are healthcare REITs, owning hospitals, medical office buildings, skilled nursing, rehab, and research facilities. All three have struggled with short-term challenges over the past couple of years. HCP, for instance, is in the process of shifting its portfolio away from senior housing -- specifically reducing its nursing home portfolio, which has struggled in recent years, -- and is investing heavily in medical research facilities . HCP's struggles in this segment, which still makes up 40% of its portfolio, caused it to cut its dividend back in 2016.
Welltower, on the other hand, is putting even more emphasis on senior housing, particularly for seniors with Alzheimer's or other forms of dementia. Over the next 20 years, the number of Americans 80 and older will nearly double, and a high percentage of this age group suffers from dementia. While higher interest rates have affected Welltower recently -- though it's working to pay down its debt to lessen the impact -- it is one of the best-positioned REITs to benefit from the long-term aging trend.
Ventas spun off its nursing home segment a few years back and was able to avoid the recent nursing home downturn that affected Welltower and HCP's profits, having instead focused on senior housing -- think independent and assisted living -- facilities that have become increasingly more in demand over the past decade. This is a key reason why Ventas has increased its dividend about twice as much as Welltower over the past decade, while HCP's is at a 10-year low after the 2016 cut:
HCP Dividend data by YCharts .
Looking ahead, I would favor Welltower and Ventas over HCP. While HCP's move into research facilities could pay off big, its history of execution isn't as solid as either Welltower or Ventas, so I'd err on the side of past execution by management versus the potentially better upside for HCP.
Lastly, there's Iron Mountain. Since becoming a REIT in 2012, the company has increased its dividend 135%, a far higher rate than its cash flow has increased:
IRM Dividend data by YCharts .
The lesson here? Future dividend growth -- and the sustainability of Iron Mountain's payout -- will be tied to its ability to continue growing cash flows. Recently its per-share returns have taken a hit due to its acquisition of the U.S. operations of IO Data Centers, but I think this is a smart long-term move. Today's Iron Mountain is heavily tied to storage of physical records, but over time a transition to paperless records will erode the value of its dominance in paper storage.
Its deep relationships with large companies -- over 90% of S&P 500 companies use Iron Mountain -- should help it transition to electronic records and data center operations, but there's plenty of competition with a head start in this arena. Iron Mountain's business -- and dividend -- should be stable for years, but its ability to grow the payout could be limited by the need to invest in the transition to virtual records.
A tale of two utilities
SCANA and PPL are the two lone utilities on this list. Generally, utilities are wonderful investments for dividend seekers who prioritize steady income in every economic environment, with some prospects for regular yearly increases, and -- maybe most importantly -- a relatively secure stock price. And while both SCANA and PPL have delivered modest dividend growth in recent years, the two companies have failed to preserve shareholder capital, with their stock prices down 49% and 30% from their 12-month peaks, respectively.
SCG data by YCharts
SCANA's troubles are a product of failed investments in developing two new nuclear reactors in South Carolina after years of cost overruns -- almost exclusively paid for by SCANA customers -- that have led to huge losses and the eventual scrapping of the nuclear project. Recently, SCANA announced that it has agreed to be acquired byDominion Energy .
For PPL, the market's concerns are more in relation to its significant exposure to the U.K., and for two reasons. First, there is the impact of currency exchange, though PPL has done a solid job of hedging its downside risks, so these concerns may be overblown. Second, a combination of political and regulatory uncertainty in the U.K. -- there will almost certainly be increased regulation, and some high-ranking U.K. politicians have even mentioned nationalization of some utilities -- has played a significant role in driving many investors away from the company.
PPL also has a substantial amount of debt coming due within a few years, which it will have to either refinance or repay. Management says it will raise some capital with secondary stock offerings but will issue new debt as well. Between the dilution of new stock and almost certainly higher interest rates on future debt issued to pay down maturities, PPL could face some pressure on growing its dividend in the years to come.
Frankly, I think investors could do better than either of these two. SCANA's shares will be converted to Dominion (and its 4.8% yield) post-acquisition, while PPL's 5.7% yield comes with a number of question marks related to its U.K. business. AT&T would be a better choice if it's a dependable 5%-plus yield with minimal downside risk and steady -- if not very high -- dividend increases you're after.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to its fourth-quarter earnings presentation, 74% of its average base rents (ABR) comes from grocery-anchored centers, more than half of its tenants provide either a service or experience, and 40% of its ABR comes from tenants with an omni-channel business. Furthermore, it only has one tenant -- TJX Companies at 3.7% -- which accounts for more than 2.5% of its ABR, which substantially reduces its risk of losses if a single large tenant folds. While higher interest rates have affected Welltower recently -- though it's working to pay down its debt to lessen the impact -- it is one of the best-positioned REITs to benefit from the long-term aging trend. | According to its fourth-quarter earnings presentation, 74% of its average base rents (ABR) comes from grocery-anchored centers, more than half of its tenants provide either a service or experience, and 40% of its ABR comes from tenants with an omni-channel business. Furthermore, it only has one tenant -- TJX Companies at 3.7% -- which accounts for more than 2.5% of its ABR, which substantially reduces its risk of losses if a single large tenant folds. But while AT&T's dividend is rock-solid and has regularly increased every year for a decade, CenturyLink's payout has been substantially higher than its earnings for multiple years, has already been cut once in the past decade, and could get cut again if the company can't start generating more earnings than it pays in dividends: CTL Dividend data by YCharts . | According to its fourth-quarter earnings presentation, 74% of its average base rents (ABR) comes from grocery-anchored centers, more than half of its tenants provide either a service or experience, and 40% of its ABR comes from tenants with an omni-channel business. Furthermore, it only has one tenant -- TJX Companies at 3.7% -- which accounts for more than 2.5% of its ABR, which substantially reduces its risk of losses if a single large tenant folds. But while AT&T's dividend is rock-solid and has regularly increased every year for a decade, CenturyLink's payout has been substantially higher than its earnings for multiple years, has already been cut once in the past decade, and could get cut again if the company can't start generating more earnings than it pays in dividends: CTL Dividend data by YCharts . | According to its fourth-quarter earnings presentation, 74% of its average base rents (ABR) comes from grocery-anchored centers, more than half of its tenants provide either a service or experience, and 40% of its ABR comes from tenants with an omni-channel business. Furthermore, it only has one tenant -- TJX Companies at 3.7% -- which accounts for more than 2.5% of its ABR, which substantially reduces its risk of losses if a single large tenant folds. Dividend yield as of closing prices April 6, 2016. |
30222.0 | 2018-04-12 00:00:00 UTC | SL Green (SLG) Declares Sale of Three Office Properties | ABR | https://www.nasdaq.com/articles/sl-green-slg-declares-sale-of-three-office-properties-2018-04-12 | nan | nan | SL Green RealtySLG announced an agreement to sell 1745 Broadway, which is an office building in Manhattan. The company, together with its joint venture partner Ivanhoe Cambridge, will sell the property for $633 million or $939 per square foot.
The transaction is subject to customary closing conditions and will likely close by second-quarter 2018. SL Green will be selling the property to an institutional customer of Invesco Real Estate.
Located in the center of the Midtown West, about three blocks from Central Park and Columbus Circle, this building is a Class-A property, spanning 674,000 square feet. Currently, the entire block between 55th and 56th Streets is taken up by the building which is 100% leased.
Additionally, the company has contracted to dispose of two suburban office properties, 115-117 Stevens Avenue in Valhalla, NY and Reckson Executive Park in Rye Brook, NY for a total of $67 million. The sale of these properties is initiated to different buyers and is subject to customary closing conditions.
Notably, 115-117 Stevens, which is expected to be sold by the second quarter of this year, has two office buildings, covering 178,000 square feet. Reckson Executive Park spans across 540,000 square feet and has six Class-A office buildings. The sale of the same is likely to be completed by the third quarter of 2018.
Together the deals are anticipated to generate approximately $190 million proceeds for SL Green, which it plans to use towards the $1.5 billion stock-repurchase program. Out of which, the company has already repurchased 12,258,203 shares.
SL Green's co-chief investment officer, Isaac Zion informed, "We continue to make strategic divestments of non-core assets to both support the stock repurchase program and strengthen our portfolio."
Encouragingly, in the past six months, shares of this Zacks Rank #2 (Buy) stock have outperformed the industry . While the company's shares have declined 6.5%, the industry has recorded a loss of 9.1% during this period.
Stocks Worth a Look
A few other top-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share remained unchanged at 90 cents over the past month. Its shares have returned 10.2% in 12 months.
Extra Space Storage's FFO per share estimates for the current year moved up 0.9% to $4.59 in a month's time. Its shares have gained 16.6% over the past 12 months.
Sotherly Hotels' FFO per share estimates for 2018 remained unchanged at $1.05 over the past month. The stock has gained 23.3% during the past 12 months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few other top-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report SL Green Realty Corporation (SLG): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Located in the center of the Midtown West, about three blocks from Central Park and Columbus Circle, this building is a Class-A property, spanning 674,000 square feet. | Stocks Worth a Look A few other top-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report SL Green Realty Corporation (SLG): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share remained unchanged at 90 cents over the past month. | Stocks Worth a Look A few other top-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report SL Green Realty Corporation (SLG): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Encouragingly, in the past six months, shares of this Zacks Rank #2 (Buy) stock have outperformed the industry . | Stocks Worth a Look A few other top-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report SL Green Realty Corporation (SLG): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Encouragingly, in the past six months, shares of this Zacks Rank #2 (Buy) stock have outperformed the industry . |
30223.0 | 2018-04-11 00:00:00 UTC | Boston Properties (BXP) to Break Ground for Oakland Project | ABR | https://www.nasdaq.com/articles/boston-properties-bxp-to-break-ground-for-oakland-project-2018-04-11 | nan | nan | Boston Properties, Inc.BXP is slated to break ground on May 2 for its first residential project on the West Coast, per news from San Francisco Business Times. The move comes as part of the company's effort to diversify its asset base.
Specifically, a 402-unit apartment tower will be developed adjacent to Oakland's MacArthur BART station. As a result, the tower is expected to enjoy decent accessibility to transportation. In fact, per the report, buses plied by AC Transit, Emeryville and major neighboring employers halt there. Therefore, residential units in the tower are likely to enjoy demand.
According to the company's priorearnings call excluding land, the tower is slated to cost $265 million. The project is planned to be fully financed with equity, rather than debt. Boston Properties has a ground lease with McGrath Properties, which is the long-time developer of MacArthur Transit Village, as well as the land's owner.
Boston Properties is basically an office landlord having millions of office spaces in its portfolio. However, the company aims to diversify and add more residential spaces in its portfolio because such property types usually ensure steady cash flow. The company's residential development project includes around 400 units in Reston, VA, and a mixed-use project having housing and a hotel in Boston.
The company's assets are located in select high-rent, high barrier-to-entry geographic markets, and its diversified tenant and industry base are expected to steadily drive the company's long-term growth. Its properties are concentrated in five core markets: Boston, Los Angeles, New York, San Francisco and Washington, DC. These regions comprise traditional tenants, like government, financial services and law firms, as well as businesses involving technology, advertising, media and information distribution, mobility, life sciences and medical devices.
Nevertheless, there is growth in supply of office space and this remains a concern because higher supply usually leads to lesser absorption, and also curtails landlords' capability to demand more rents. Further, a few big financial players are resizing their business and trying to cut costs, which is affecting demand for office space. Rate hike is another concern.
Boston Properties has a Zacks Rank #3 (Hold). Over the past three months, its shares have lost 0.7%, which is narrower than the 4.9% loss incurred by its industry .
Stocks Worth a Look
A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past two months. Its share price has risen 1.4% in three months' time.
Extra Space Storage's FFO per share estimates for the current year inched up 0.9% to $4.59 in a month's time. Its shares have gained 6.5% over the past three months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised approximately 1.9% upward to $1.05 over the past two months. The stock has climbed 10.8% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Boston Properties, Inc. (BXP): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Boston Properties, Inc. (BXP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Boston Properties, Inc.BXP is slated to break ground on May 2 for its first residential project on the West Coast, per news from San Francisco Business Times. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Boston Properties, Inc. (BXP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past two months. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Boston Properties, Inc. (BXP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past two months. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Boston Properties, Inc. (BXP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Therefore, residential units in the tower are likely to enjoy demand. |
30224.0 | 2018-04-11 00:00:00 UTC | Outfront Media (OUT) Collaborates with Ford for OOH Campaign | ABR | https://www.nasdaq.com/articles/outfront-media-out-collaborates-with-ford-for-ooh-campaign-2018-04-11 | nan | nan | Outfront MediaOUT collaborated with Ford Motor Company F for an out-of-home (OOH) advertising campaign, which will run through July and display Mustang's 2018 model. Through the Pony Personalizer, original Mustang logo art can be created and shared by the customers, which might be displayed on Outfront Media's displays.
The ad campaign will be displayed at multiple locations in the country, including Los Angeles, Atlanta, Dallas/Ft. Worth, Houston, Miami/Ft. Lauderdale, Phoenix, San Antonio and Orlando.
Through the best in-class technology and assets in premium high-traffic outdoor spaces, Outfront Media will likely help in reaching the target-audience and fuel the campaign.
Jodi Senese, executive vice president and chief marketing officer at Outfront Media informed, "Our premium digital assets, in concert with the colorful Mustang logos as visualized by fans, connects the online to the physical and highly visible delivery of out-of-home assets."
Notably, Outfront Media has been focusing on the expansion of OOH advertising business. In March 2018, the company announced that The Body Shop partnered with the company for their first-ever OOH advertisement campaign 'Forever Against Animal Testing.'
The campaign aims to present a petition to the United Nations to impose a global ban on using animals for testing of cosmetic products by collecting eight million signs by petitioners. The campaign, running during Mar 19-Apr 16, 2018, is being featured at newly-installed Liveboards of Outfront Media in prime locations, including New York City's Times Square and Helmsley Walkway.
Further, Outfront Media announced that it collaborated with the University of Michigan Counseling and Psychological Services, the Steven Schwartzberg Foundation, LOGIC, Glenn Close, and Michi and Brandon Marshall, for a campaign that is aimed at raising awareness about mental health. The national campaign is running in Detroit, Ann Arbor, New York City and Los Angeles from Mar 30, 2018, and is featuring a creative developed by Outfront Studios, the full-service creative boutique of Outfront Media.
However, Outfront Media faces stiff competition from other outdoor advertisers regarding customers, display locations and structures. It also competes with other media, including conventional platforms such as television, radio, print media and direct mail marketers along with online, mobile & social media platforms. This is anticipated to adversely affect the company's pricing power in the market.
Further, amid soft market concerns, shares of this Zacks Rank #4 (Sell) stock have underperformed the industry it belongs to in the past six months. Its shares have lost 25.2% as against the industry's decline of 11.3%.
Stocks Worth a Look
A few better-ranked stocks from the same space include Arbor Realty Trust ABR and Extra Space Storage Inc. EXR . Both the stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remained unchanged at 90 cents over the past month. Its shares have returned 2.3% in three months' time.
Extra Space Storage's FFO per share estimates for the current year moved up 0.9% to $4.59 in a month's time. Its shares have gained 6.5% over the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenues and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ford Motor Company (F): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
OUTFRONT Media Inc. (OUT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR and Extra Space Storage Inc. EXR . Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report OUTFRONT Media Inc. (OUT): Free Stock Analysis Report To read this article on Zacks.com click here. The campaign aims to present a petition to the United Nations to impose a global ban on using animals for testing of cosmetic products by collecting eight million signs by petitioners. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR and Extra Space Storage Inc. EXR . Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report OUTFRONT Media Inc. (OUT): Free Stock Analysis Report To read this article on Zacks.com click here. The national campaign is running in Detroit, Ann Arbor, New York City and Los Angeles from Mar 30, 2018, and is featuring a creative developed by Outfront Studios, the full-service creative boutique of Outfront Media. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR and Extra Space Storage Inc. EXR . Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report OUTFRONT Media Inc. (OUT): Free Stock Analysis Report To read this article on Zacks.com click here. The national campaign is running in Detroit, Ann Arbor, New York City and Los Angeles from Mar 30, 2018, and is featuring a creative developed by Outfront Studios, the full-service creative boutique of Outfront Media. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR and Extra Space Storage Inc. EXR . Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report OUTFRONT Media Inc. (OUT): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . |
30225.0 | 2018-04-11 00:00:00 UTC | Iron Mountain (IRM) Rolls Out Iron Cloud for Video Content | ABR | https://www.nasdaq.com/articles/iron-mountain-irm-rolls-out-iron-cloud-for-video-content-2018-04-11 | nan | nan | Of late, Iron Mountain IncorporatedIRM has been adding capabilities to its cloud platform. Specifically, the company recently announced rolling out the Iron Cloud for Video, which is a secure and scalable cloud-based solution enabling organizations to manage video content efficiently.
Particularly, the solution offers organizations a scope to lower the cost and complexity of management of video data and content while increasing compliance. In fact, without bearing the upfront capital expenses for purchase of additional on-premise video infrastructure, organizations can progress with video-content management and access requirements. The solution is available as part of the company's Iron Cloud purpose-built portfolio of cloud-based enterprise-class data management and access solutions.
Notably, the volume of video data is growing at an exponential pace, thanks to the increasing use of video technology across sectors and industries. In fact, with the arrival of new video sources and technologies such as the Internet of Things (IoT), drone surveillance and high-definition cameras, the volume of data and content is likely to supersede the capacity of on-premise solutions. However, this rapid growth is also leading to cost escalations and complexity, in turn throwing up challenges for management. Amid this, the company's addition to the Iron cloud platforms seems a strategic fit.
Apart from this, Iron Mountain recently announced that it has added new capabilities to its online policy management platform - Policy Center - that will enable companies to understand and comply with policies relating to privacy and retention of data.
The latest capability additions will improve the services offered by the company's cloud-based platform amid a challenging regulatory landscape. Nevertheless, Iron Mountain's service revenues remain modest due to shrinking activity rates, as stored records are becoming less active. Also, recycled paper prices continue to fall. The recovery is expected to be slow in the near term, thus making it difficult for the company to achieve any robust top-line growth. Furthermore, the company has a highly-leveraged balance sheet.
Amid these, shares of this Zacks Rank #5 (Strong Sell) company have underperformed its industry in the past three months. While shares of the company have lost 8.6%, the industry incurred a loss of 5.3%, during the same time period.
Stocks Worth a Look
A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past two months. Its share price has risen 1.4% in three months' time.
Extra Space Storage's FFO per share estimates for the current year inched up 0.9% to $4.59 in a month's time. The stock has gained 6.5% over the past three months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised approximately 1.9% upward to $1.05 over the past two months. The stock has climbed 10.8% during the same time frame.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Iron Mountain Incorporated (IRM): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank of 2 (Buy). Click to get this free report Iron Mountain Incorporated (IRM): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, without bearing the upfront capital expenses for purchase of additional on-premise video infrastructure, organizations can progress with video-content management and access requirements. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank of 2 (Buy). Click to get this free report Iron Mountain Incorporated (IRM): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from this, Iron Mountain recently announced that it has added new capabilities to its online policy management platform - Policy Center - that will enable companies to understand and comply with policies relating to privacy and retention of data. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank of 2 (Buy). Click to get this free report Iron Mountain Incorporated (IRM): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Specifically, the company recently announced rolling out the Iron Cloud for Video, which is a secure and scalable cloud-based solution enabling organizations to manage video content efficiently. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank of 2 (Buy). Click to get this free report Iron Mountain Incorporated (IRM): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Specifically, the company recently announced rolling out the Iron Cloud for Video, which is a secure and scalable cloud-based solution enabling organizations to manage video content efficiently. |
30226.0 | 2018-04-09 00:00:00 UTC | Digital Realty's Singapore Sites to Enjoy SGIX Local Peering | ABR | https://www.nasdaq.com/articles/digital-realtys-singapore-sites-to-enjoy-sgix-local-peering-2018-04-09 | nan | nan | Data Center REIT - Digital Realty Trust, Inc.DLR - recently announced a partnership with Singapore Internet Exchange (SGIX). The move is aimed at providing local peering at its Singapore data-center facilities in Jurong West and Loyang East.
In fact, one of the largest internet exchanges in Singapore, SGIX enjoys peak Internet traffic of more than 150 Gbps. It will provide customers at Digital Realty's Jurong West and Loyang East Singapore facilities better and cost-effective connectivity choices. The consumers will benefit from SGIX's rich peering ecosystem, consisting of international and regional carriers.
As a result, the partnership of Digital Realty with this open and neutral Internet exchange in Singapore seems a strategic fit. Particularly, Singapore serves as the Internet gateway to Asian markets. The region is fast growing and in fact, South East Asia is likely to upkeep 81 million people in its fast-growing cities by 2020.
Notably, growth in cloud computing, Internet of Things and big data, and an increasing number of companies opting for third-party IT infrastructure, is triggering demand for data centers. Demand is outpacing supply in the top-tier data center markets and despite enjoying high occupancy, these markets continue to randomly absorb new constructions at a faster pace. This, along with improved outlook for economic growth, is anticipated to drive demand for data centers.
To capitalize on the trend, Digital Realty has resorted to accretive acquisitions, developments as well as strategic partnerships. In September 2017, the company announced the completion of a merger with DuPont Fabros, in an all-stock deal, for an enterprise value of about $7.8 billion. This move enhanced Digital Realty's portfolio in the top U.S. data center metro areas across Northern Virginia, Chicago and Silicon Valley. It helped it upgrade hyper-scale product offering and grow blue-chip customer base. The company is also focused on expanding its footprint in Europe, Australia and Asia.
Nevertheless, given the solid growth potential of the data-center real estate market, competition is expected to intensify in the upcoming period from existing as well as new players. Amid all this, an aggressive pricing pressure is predicted in this market.
Digital Realty has a Zacks Rank #3 (Hold). The stock has lost 4.8% in the past three months against the 5.4% decline of the industry it belongs to.
Stocks Worth a Look
A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past two months. Its share price has risen 2.7% in three months' time.
Extra Space Storage's FFO per share estimates for the current year inched up 1.1% to $4.56 in a month's time. Its shares have gained 5.4% over the past three months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised approximately 1.9% upward to $1.05 over the past two months. The stock has climbed 10.9% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In September 2017, the company announced the completion of a merger with DuPont Fabros, in an all-stock deal, for an enterprise value of about $7.8 billion. Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. In September 2017, the company announced the completion of a merger with DuPont Fabros, in an all-stock deal, for an enterprise value of about $7.8 billion. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. In September 2017, the company announced the completion of a merger with DuPont Fabros, in an all-stock deal, for an enterprise value of about $7.8 billion. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). In September 2017, the company announced the completion of a merger with DuPont Fabros, in an all-stock deal, for an enterprise value of about $7.8 billion. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. |
30227.0 | 2018-04-09 00:00:00 UTC | Vornado Announces "Handshake" Deal With Kushner Companies | ABR | https://www.nasdaq.com/articles/vornado-announces-handshake-deal-with-kushner-companies-2018-04-09 | nan | nan | Vornado Realty TrustVNO reached a "handshake" deal to sell 49.5% stake in the Manhattan office tower at 666 Fifth Avenue to Kushner Companies, as per the regulatory filing by Vornado done on Friday.
The terms of the deal with Kushner, the majority owner of the economically distressed building, has not been revealed yet. Notably, Vornado will retain the ownership of 666 Fifth Avenue retail.
Kushner Companies was earlier led by US President Donald Trump's key adviser and son-in-law, Jared Kushner. The company bought the building, just before the financial crisis in 2007, for a record price of $1.8 billion. However, as recession created chaos for Kushner, they eventually started selling its parts. As a result, in 2011, Vornado acquired 49.5% stake in the building and was permitted to rearrange the mortgage on the office building.
Through the filing, Steven Roth, Vornado's chairman and chief executive officer informed the investors, "I believe we now have a handshake to sell our interest to our partner at a price which will repay our investment plus a mezzanine-type return. The existing loan will be repaid including payment to us of the portion of the debt that we hold."
Notably, as part of portfolio-repositioning efforts, Vornado has been aggressively disposing of its assets. Moreover, in July 2017, it completed the spin-off of its Washington, DC-segment. Earlier, the company spun-off the shopping center business, creating Urban Edge Properties - a publicly traded REIT. Another $1 billion of assets have been identified, which the company will be selling over the next several years. The streamlining efforts are a strategic fit and are anticipated to propel growth over the long term. However, the earnings dilutive impact cannot be bypassed in the near term.
Shares of this Zacks Rank #3 (Hold) stock underperformed the industry in the past 12 months, declining 16.3% versus the industry's descend of 4.1%.
Stocks Worth a Look
A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remained unchanged at 90 cents over the past month. Its shares returned 12% in 12 months' time.
Extra Space Storage's FFO per share estimates for the current year moved up 1.1% to $4.59 in a month's time. Its shares gained 14.5% over the past 12 months.
Sotherly Hotels' FFO per share estimates for 2018 remained unchanged at $1.05 over the past month. The stock gained 24.6% during the past 12 months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Vornado Realty Trust (VNO): Free Stock Analysis Report
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Extra Space Storage Inc (EXR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Vornado Realty Trust (VNO): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Through the filing, Steven Roth, Vornado's chairman and chief executive officer informed the investors, "I believe we now have a handshake to sell our interest to our partner at a price which will repay our investment plus a mezzanine-type return. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Vornado Realty Trust (VNO): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remained unchanged at 90 cents over the past month. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Vornado Realty Trust (VNO): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Vornado Realty TrustVNO reached a "handshake" deal to sell 49.5% stake in the Manhattan office tower at 666 Fifth Avenue to Kushner Companies, as per the regulatory filing by Vornado done on Friday. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Vornado Realty Trust (VNO): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Vornado Realty TrustVNO reached a "handshake" deal to sell 49.5% stake in the Manhattan office tower at 666 Fifth Avenue to Kushner Companies, as per the regulatory filing by Vornado done on Friday. |
30228.0 | 2018-04-06 00:00:00 UTC | Iron Mountain Adds Capabilities to Policy Center Platform | ABR | https://www.nasdaq.com/articles/iron-mountain-adds-capabilities-to-policy-center-platform-2018-04-06 | nan | nan | Iron Mountain IncorporatedIRM recently announced that it has added new capabilities to its online policy management platform - Policy Center - that will enable companies to understand and comply with policies relating to privacy and retention of data.
Notably, General Data Protection Regulation (GDPR), which is scheduled to be effective from May 25, 2018, is a legal framework that consolidates data-privacy laws across Europe, and will be applicable to companies within and outside the country that control data of European Union (EU) subjects.
As a result, enterprises will need to be well informed about legal retention and data-processing obligations to ensure complete adherence, as well as avoid any data breach possibilities. Further, to achieve compliance, the firms require a clear governance program that provides accurate information. By incorporating data-privacy information into the Policy Center platform, Iron Mountain fulfills compliance needs of companies.
Amid this increasing rigid regulation, such a cloud-based retention and privacy policy management platform will help enterprises to comprehensively understand the obligations and adhere to regulations such as the EU GDPR. In addition, Policy Center Enterprise Edition offers various tools to document important information relating to personal data.
In fact, the cloud-based solution is now equipped with updated privacy and retention guidelines from all over the world, backed by privacy experts from individual industries and locations. This will provide better clarity to companies that can update the respective data privacy and retention practices through a browser interface. Additionally, these companies can notify employees of the rules to ensure uniform implementation.
Though the latest capability addition will improve the services offered by the company's cloud-based policy management platform amid a challenging regulatory landscape, it is struggling to maintain revenues from storage services. Notably, service revenues remain modest due to the shrinking activity rates as stored records are becoming less active. Furthermore, numerous acquisitions have resulted in a highly-leveraged balance sheet.
Amid these, shares of this Zacks Rank #5 (Strong Sell) company have underperformed its industry in the past three months. While shares of the company lost 8.8%, the industry incurred a loss of 5.9%, during the same time period.
Stocks Worth a Look
A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage EXR and Sotherly Hotels SOHO . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remained unchanged at 90 cents over the past month. Its shares returned 1.2% in three months' time.
Extra Space Storage's FFO per share estimates for the current year moved up 3% to $4.59 in a month's time. Its shares gained 4.5% over the past three months.
Sotherly Hotels' FFO per share estimates for 2018 was revised upward marginally to $1.05 over the past month. The stock gained 7.8% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage EXR and Sotherly Hotels SOHO . Click to get this free report Iron Mountain Incorporated (IRM): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. As a result, enterprises will need to be well informed about legal retention and data-processing obligations to ensure complete adherence, as well as avoid any data breach possibilities. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage EXR and Sotherly Hotels SOHO . Click to get this free report Iron Mountain Incorporated (IRM): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Though the latest capability addition will improve the services offered by the company's cloud-based policy management platform amid a challenging regulatory landscape, it is struggling to maintain revenues from storage services. | Click to get this free report Iron Mountain Incorporated (IRM): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage EXR and Sotherly Hotels SOHO . Iron Mountain IncorporatedIRM recently announced that it has added new capabilities to its online policy management platform - Policy Center - that will enable companies to understand and comply with policies relating to privacy and retention of data. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage EXR and Sotherly Hotels SOHO . Click to get this free report Iron Mountain Incorporated (IRM): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Though the latest capability addition will improve the services offered by the company's cloud-based policy management platform amid a challenging regulatory landscape, it is struggling to maintain revenues from storage services. |
30229.0 | 2018-04-05 00:00:00 UTC | Public Storage Unveils Self-Storage Facility in Huntersville | ABR | https://www.nasdaq.com/articles/public-storage-unveils-self-storage-facility-in-huntersville-2018-04-05 | nan | nan | Public StoragePSA unveiled a new three-story self-storage facility in sync with its plans of expanding in North Carolina. The storage facility was established in Huntersville, a suburb of Charlotte.
Located at 10219 Bryton Corporate Center Dr. Huntersville, NC 28078, this self-storage unit has 900 spaces available. The facility is adjacent to the new Walmart Supercenter, Lake Norman and the Northlake Mall.
Notably, expansion in North Carolina is a strategic fit for the company as many people are shifting to Huntersville and other suburbs. The area is witnessing fast growth as the I-485 beltway was broadened, aiding commuting. Currently, the homes are reasonably priced and provide easy access to people who are traveling to the city for work.
The units boast energy-efficient climate-controlled systems, making it suitable for extreme weathers. They come in a variety of sizes that range from small to extra-large to suit individual requirements. Free car parking is also available in abundance.
Public Storage is one of the largest owners and operators of storage facilities in the United States. The 'Public Storage' brand is the most recognized and established name in the self-storage industry with presence in all the major metropolitan markets of the United States. Further, the company managed to create a significant presence in the European markets through the Shurgard Storage Centers' acquisition in 2006.
Additionally, the company has been capitalizing on growth opportunities. In fact, since January 2015, 345 self-storage facilities have been acquired, developed or expanded by the company. Particularly, during 2017, it acquired 22 self-storage facilities, comprising 1.4 million net rentable square feet, for $149.8 million. Following the quarter end, the company acquired or was under contract to acquire two self-storage facilities, spanning 0.2 million net rentable square feet, for $18 million. Such acquisitions and expansions bode well for long-term growth.
Nevertheless, supply has been high in a number of markets and this adversely affects the company's pricing power. In fact, Public Storage operates in a highly-fragmented market in the United States with intense competition from numerous private, regional and local operators. This limits its power to raise rents and turn on more discounting.
Shares of Public Storage outperformed the industry it belongs to, in the past three months. This Zacks Rank #3 (Hold) company's shares inched up 1.1% while the industry edged down 6.4% during the same time period.
Stocks Worth a Look
A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remained unchanged at 90 cents over the past month. Its shares returned 2.7% in three months' time.
Extra Space Storage's FFO per share estimates for the current year moved up 1.5% to $4.59 in a month's time. Its shares gained 4.5% over the past three months.
Sotherly Hotels' FFO per share estimates for 2018 was revised upward marginally to $1.05 over the past month. The stock gained 7% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Extra Space Storage Inc (EXR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Public Storage (PSA): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. The 'Public Storage' brand is the most recognized and established name in the self-storage industry with presence in all the major metropolitan markets of the United States. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Public Storage (PSA): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Particularly, during 2017, it acquired 22 self-storage facilities, comprising 1.4 million net rentable square feet, for $149.8 million. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Public Storage (PSA): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Public Storage is one of the largest owners and operators of storage facilities in the United States. | Stocks Worth a Look A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Public Storage (PSA): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. The 'Public Storage' brand is the most recognized and established name in the self-storage industry with presence in all the major metropolitan markets of the United States. |
30230.0 | 2018-04-04 00:00:00 UTC | Equinix (EQIX) Closes $800M Infomart Dallas Acquisition | ABR | https://www.nasdaq.com/articles/equinix-eqix-closes-%24800m-infomart-dallas-acquisition-2018-04-04 | nan | nan | Equinix, Inc.EQIX recently completed the acquisition of the Infomart Dallas from ASB Real Estate Investments in an $800-million cash-debt transaction. This move is in sync with the company's effort to expand in the region. Further, it offers scope to capitalize on the solid growth potential of the Latin America market in terms of Interconnection Bandwidth.
The buyout seems a strategic fit for Equinix. Specifically, the acquisition has enhanced the company's portfolio with around 1.6 million gross square feet of space. It includes multiple diverse fiber entry points. Also, the company gained from the addition of more than 50 tenants, including networks, colocation providers and office tenants.
Around $50 million of revenues were generated by the Infomart building in 2017. One year from closing, Equinix estimates this transaction to be adjusted funds from operations (AFFO) per share breakeven. In addition, future development of the adjacent acquired land parcel offers significant AFFO upside potential.
In fact, Equinix's global platform gets a boost with the acquisition of Infomart, which is one of the largest inter-connection hubs in the United States. It currently houses four of eight Equinix Dallas International Business Exchange data centers.
Moreover, the Dallas market has been experiencing sizable growth with solid demand stemming from a rising number of enterprises across different verticals setting their regional or national headquarters in the region.
Furthermore, according to the company, Dallas serves as a key interconnection point for LATAM traffic, with routes serving Central and South America. Therefore, with LATAM predicted to be the fastest growing region in terms of Interconnection Bandwidth through 2020, per the Equinix published 2017 Interconnection Index Report , this Infomart facility acquisition in Dallas, and its operative units in Miami, Los Angeles, Bogotá, Sao Paulo, and Rio de Janeiro will likely help the company leverage on the growth potential of the Latin America market.
Notably, acquisitions have been a major growth driver for Equinix and helped it expand its data-center capacity in many of the company's key markets since 2003. Last year, the company bought various assets, including the Itconic and Zenium businesses, and data-center assets from IO UK and ICT-Center AG. Furthermore, in 2017 the company completed the acquisition of 29 data centers and their operations from Verizon Communications Inc. VZ , for a total cash consideration of $3.6 billion. All these acquisitions are expected to make decent contributions toward the company's total revenue growth.
Equinix carries a Zacks Rank #3 (Hold). In the past month, the stock has gained 5.2% and outperformed its industry which incurred loss of 1.5%.
Stocks Worth a Look
Two better-ranked stocks from the REIT industry are Arbor Realty Trust ABR and Extra Space Storage Inc. EXR , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past two months. Its share price has risen 3.8% in six months' time.
Extra Space Storage's FFO per share estimates for the current year moved up 2% to $4.59 in a month's time. Its shares have gained 7.4% over the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Equinix, Inc. (EQIX): Free Stock Analysis Report
Verizon Communications Inc. (VZ): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look Two better-ranked stocks from the REIT industry are Arbor Realty Trust ABR and Extra Space Storage Inc. EXR , each carrying a Zacks Rank #2 (Buy). Click to get this free report Equinix, Inc. (EQIX): Free Stock Analysis Report Verizon Communications Inc. (VZ): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Therefore, with LATAM predicted to be the fastest growing region in terms of Interconnection Bandwidth through 2020, per the Equinix published 2017 Interconnection Index Report , this Infomart facility acquisition in Dallas, and its operative units in Miami, Los Angeles, Bogotá, Sao Paulo, and Rio de Janeiro will likely help the company leverage on the growth potential of the Latin America market. | Stocks Worth a Look Two better-ranked stocks from the REIT industry are Arbor Realty Trust ABR and Extra Space Storage Inc. EXR , each carrying a Zacks Rank #2 (Buy). Click to get this free report Equinix, Inc. (EQIX): Free Stock Analysis Report Verizon Communications Inc. (VZ): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Further, it offers scope to capitalize on the solid growth potential of the Latin America market in terms of Interconnection Bandwidth. | Stocks Worth a Look Two better-ranked stocks from the REIT industry are Arbor Realty Trust ABR and Extra Space Storage Inc. EXR , each carrying a Zacks Rank #2 (Buy). Click to get this free report Equinix, Inc. (EQIX): Free Stock Analysis Report Verizon Communications Inc. (VZ): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Therefore, with LATAM predicted to be the fastest growing region in terms of Interconnection Bandwidth through 2020, per the Equinix published 2017 Interconnection Index Report , this Infomart facility acquisition in Dallas, and its operative units in Miami, Los Angeles, Bogotá, Sao Paulo, and Rio de Janeiro will likely help the company leverage on the growth potential of the Latin America market. | Stocks Worth a Look Two better-ranked stocks from the REIT industry are Arbor Realty Trust ABR and Extra Space Storage Inc. EXR , each carrying a Zacks Rank #2 (Buy). Click to get this free report Equinix, Inc. (EQIX): Free Stock Analysis Report Verizon Communications Inc. (VZ): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Further, it offers scope to capitalize on the solid growth potential of the Latin America market in terms of Interconnection Bandwidth. |
30231.0 | 2018-04-04 00:00:00 UTC | Kimco Realty (KIM) Disposes Of 21 Shopping Centers in Q1 | ABR | https://www.nasdaq.com/articles/kimco-realty-kim-disposes-of-21-shopping-centers-in-q1-2018-04-04 | nan | nan | Kimco Realty Corp.KIM revealed its transaction activities for first-quarter 2018. The company disclosed dispositions of 21 shopping centers, spanning 2.3 million square feet, for a total $219.5 million. Of this, the company's share included $210.2 million.
A portfolio of five properties in the St. Louis market was disposed of for $49.5 million. Along with that, a five-property portfolio, located in Florida and Georgia, was sold for $72.7 million.
As per Ross Cooper, president and chief investment officer at Kimco, because of the increased demand for open-air shopping centers, the company was able to make substantial advances toward its disposition target for 2018. He further added, "We continue to see favorable interest for these types of assets, and together with the considerable sales volume achieved during the first quarter as well as the additional properties under contract, we remain confident in our ability to meet our 2018 net disposition target of $700 to $900 million."
In 2018, Kimco intends to be a net seller of properties. The company has about $465 million worth of properties already in contract and assets worth $330 million in the market as of Mar 31, 2018.
The company's strategic 2020 Vision envisages simplifying its business structure by concentrating on its U.S. shopping center portfolio, targeting for the ownership of large and high-quality assets in major metro markets, and simultaneously shedding non-core assets and exiting from its joint-venture portfolio. In connection to this, the company is making significant disposition of its assets. While such efforts are encouraging for the long term, the dilutive effect on earnings from high disposition activity cannot be averted in the near term.
Moreover, amid the choppy retail real estate environment Kimco's shares have declined 20.7% over the last three months compared with the industry 's decline of 12.6%.
Currently, Kimco carries a Zacks Rank #4 (Sell).
Stocks Worth a Look
A few better-ranked stocks from the REIT space are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remained unchanged at 90 cents over the past month. Its shares returned 2.4% in three months' time.
Extra Space Storage's FFO per share estimates for the current year moved up 2% to $4.59 in a month's time. Its shares gained 0.7% over the past three months.
Sotherly Hotels' FFO per share estimates for 2018 was revised upward approximately 1.9% to $1.05 over the past month. The stock gained 9.3% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Kimco Realty Corporation (KIM): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the REIT space are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Kimco Realty Corporation (KIM): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. As per Ross Cooper, president and chief investment officer at Kimco, because of the increased demand for open-air shopping centers, the company was able to make substantial advances toward its disposition target for 2018. | Stocks Worth a Look A few better-ranked stocks from the REIT space are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Kimco Realty Corporation (KIM): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remained unchanged at 90 cents over the past month. | Stocks Worth a Look A few better-ranked stocks from the REIT space are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Kimco Realty Corporation (KIM): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remained unchanged at 90 cents over the past month. | Stocks Worth a Look A few better-ranked stocks from the REIT space are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Kimco Realty Corporation (KIM): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. A portfolio of five properties in the St. Louis market was disposed of for $49.5 million. |
30232.0 | 2018-04-04 00:00:00 UTC | Aimco's Gets Favorable Verdict Against Airbnb Proceeding | ABR | https://www.nasdaq.com/articles/aimcos-gets-favorable-verdict-against-airbnb-proceeding-2018-04-04 | nan | nan | The lawsuit of Apartment Investment and Management CompanyAIV - better known as Aimco - against Airbnb, which alleged that the short-term rental website has allowed tenants to violate their lease agreements through unauthorized subleases, has proceeded in the Florida court.
Further, the court dismissed Airbnb's premise which was supposedly protected by the Communications Decency Act. Per the act, online-service providers are protected from the responsibility for the content users' actions.
Aimco alleged that its high-end apartment communities' tenants in Los Angeles complained about noisy Airbnb tourists and therefore more security staff had to be employed for property monitoring, tracing and expelling of unlawful Airbnb guests. Per the court, the company was right to claim compensation due to increased expenses because of enhanced security, damage caused to their properties and reduction in value of the properties. Further, the court allowed Aimco to put a perpetual ban if they succeed at the trial.
Cindy Lempke, Aimco's spokesperson informed, "Aimco will vigorously pursue its remedies for Airbnb's illegal use of our properties that disrupts the residential living experience, tramples on private property rights, and reduces affordable housing options for middle class renters. We are confident that we will be successful in our efforts to stand up for working families who need housing and want to maintain a tranquil home life, free from the intrusions that are created by illegal short-term rentals."
Though this verdict by the court is favorable for Aimco, elevated apartment supply remains a concern for the company. Particularly, new supply is competing with some of Aimco's higher rent properties. This high supply in a number of the company's markets is a concern because it curtails landlords' ability to command more rent and result in lesser absorption.
In the past six months, shares of the company edged down 8.1% against the industry 's decline of 8.4%.
Aimco currently carries a Zacks Rank #4 (Sell).
Stocks Worth a Look
A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remained unchanged at 90 cents over the past month. Its shares returned 2.4% in three months' time.
Extra Space Storage's FFO per share estimates for the current year moved up 2% to $4.59 in a month's time. Its shares gained 0.7% over the past three months.
Sotherly Hotels' FFO per share estimates for 2018 was revised upward approximately 1.9% to $1.05 over the past month. The stock gained 9.3% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Apartment Investment and Management Company (AIV): Free Stock Analysis Report
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Extra Space Storage Inc (EXR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Apartment Investment and Management Company (AIV): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. The lawsuit of Apartment Investment and Management CompanyAIV - better known as Aimco - against Airbnb, which alleged that the short-term rental website has allowed tenants to violate their lease agreements through unauthorized subleases, has proceeded in the Florida court. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Apartment Investment and Management Company (AIV): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remained unchanged at 90 cents over the past month. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Apartment Investment and Management Company (AIV): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Cindy Lempke, Aimco's spokesperson informed, "Aimco will vigorously pursue its remedies for Airbnb's illegal use of our properties that disrupts the residential living experience, tramples on private property rights, and reduces affordable housing options for middle class renters. | Stocks Worth a Look A few better-ranked stocks from the REIT space include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Apartment Investment and Management Company (AIV): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remained unchanged at 90 cents over the past month. |
30233.0 | 2018-04-03 00:00:00 UTC | Acquisitions to Help Public Storage (PSA) Amidst Competition | ABR | https://www.nasdaq.com/articles/acquisitions-to-help-public-storage-psa-amidst-competition-2018-04-03 | nan | nan | Public StoragePSA is one of the largest owners and operators of storage facilities in the United States. The 'Public Storage' brand is the most recognized and established name in the self-storage industry, with a presence in all major metropolitan markets of the United States. Further, it has managed to create a significant presence in the European markets as well, through the acquisition of Shurgard Storage Centers in 2006.
Additionally, the company has been capitalizing on growth opportunities. In fact, since January 2015, 345 self-storage facilities have been acquired, developed or expanded by the company. Particularly, during 2017, it acquired 22 self-storage facilities, comprising 1.4 million net rentable square feet, for $149.8 million. Following the quarter end, the company acquired or was under contract to acquire two self-storage facilities, spanning 0.2 million net rentable square feet of space, for $18 million. Such acquisitions and expansions bode well for long-term growth.
In fact, Public Storage has one of the strongest balance sheets in the sector, with adequate liquidity to actively pursue acquisitions and developments. Moreover, a solid balance sheet has enabled it to pay sustainable dividends.
Also, shares of Public Storage have outperformed the industry it belongs to in the past month. Its shares have lost 1.8% against the decline of 5.3% incurred by the industry. In addition, the stock has seen the Zacks Consensus Estimate for 2018 funds from operations (FFO) per share being revised 0.2% upward in a weeks' time.
However, supply has been high in a number of markets and this adversely affects the company's pricing power. In fact, Public Storage operates in a highly fragmented market in the United States, with intense competition from numerous private, regional and local operators. This limits its power to raise rents and turn on more discounting.
Moreover, the company has a significant development and refurbishment pipeline. In fact, as of Dec 31, 2017, Public Storage had several facilities under development (2.7 million net rentable square feet) with an estimated cost of $367 million as well as expansion projects (1.9 million net rentable square feet) worth roughly $247 million. The company estimates to incur the remaining $350 million of development costs related to these projects, mainly over the next 18 months. Though this is encouraging, the substantial pipeline increases the operational risks and exposes the company to rising construction costs, entitlement delays and failure to fulfill government requirements. Further, self-storage spaces are not usually pre-leased and new assets generally take time to generate yields.
Public Storage currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Stocks to Consider
A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . All three stocks carry a Zacks Rank of 2 (Buy).
Arbor Realty Trust's Zacks Consensus Estimates for 2018 funds from operations (FFO) per share remained unchanged at 90 cents over the past month. Its shares returned 1.7% in three months' time.
Investor Real Estate Trust's Zacks Consensus Estimates for fiscal-year 2018 FFO per share have been revised upward by a cent to 36 cents over the past month. The stock rallied 8.4% in a months' time.
Extra Space Storage's FFO per share estimates for 2018 have been revised upward 2% to $4.59 over the past month. The stock gained 1.7% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Public Storage (PSA): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
Investors Real Estate Trust (IRET): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Public Storage (PSA): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. Though this is encouraging, the substantial pipeline increases the operational risks and exposes the company to rising construction costs, entitlement delays and failure to fulfill government requirements. | Stocks to Consider A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Public Storage (PSA): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, as of Dec 31, 2017, Public Storage had several facilities under development (2.7 million net rentable square feet) with an estimated cost of $367 million as well as expansion projects (1.9 million net rentable square feet) worth roughly $247 million. | Stocks to Consider A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Public Storage (PSA): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, as of Dec 31, 2017, Public Storage had several facilities under development (2.7 million net rentable square feet) with an estimated cost of $367 million as well as expansion projects (1.9 million net rentable square feet) worth roughly $247 million. | Stocks to Consider A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Public Storage (PSA): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, the stock has seen the Zacks Consensus Estimate for 2018 funds from operations (FFO) per share being revised 0.2% upward in a weeks' time. |
30234.0 | 2018-04-03 00:00:00 UTC | Here's Why You Should Hold Prologis (PLD) Stock Right Now | ABR | https://www.nasdaq.com/articles/heres-why-you-should-hold-prologis-pld-stock-right-now-2018-04-03 | nan | nan | The industrial real estate asset category has grabbed attention due to elevated demand, recovering economy and job market, strengthening e-commerce market and a healthy manufacturing environment. Given Prologis Inc. 's PLD capacity, the company remains well positioned to capitalize on these growth opportunities.
In fact, the company provides industrial distribution warehouse space in some of the busiest distribution markets across the globe. Its properties are typically located in large, supply-constrained infill markets with airports, seaports and ground transportation facilities nearby, which facilitates rapid distribution of customers' products.
At the end of fourth-quarter 2017, occupancy level in the company's owned and managed portfolio was 97.2%, expanding 10 basis points (bps) year over year. This record level was driven by the U.S. portfolio which experienced 98.0% of occupancy. Moreover, the company's share of net effective rent change was 19.0% in the quarter compared with 16.0% recorded in the prior year. The figure was led by the U.S. portfolio, which recorded impressive growth of 29.8%.
Prologis is focused on bolstering its liquidity and strengthening the balance sheet. For full-year 2017, the company reported a 340-basis-point contraction in leverage to 23.7%, on a market capitalization basis, and debt-to-adjusted EBITDA improved around 0.2x to 4.6x. The company remains well poised to capitalize on growth opportunities backed by its balance-sheet strength and prudent financial management.
In addition, solid dividend payouts are arguably the biggest enticement for REIT shareholders and Prologis remains committed to that. Shareholders of the company rejoiced this February after the board approved a 9% hike in its annualized dividend rate to $1.92 from the $1.76 paid earlier. This dividend rate is expected to be sustainable on the back of the company's financial position and lower debt-to-equity ratio and payout ratio compared to that of the industry.
Moreover, this Zacks Rank #3 (Hold) stock has outperformed its industry in the last year. The stock has gained 17% against the industry's descend of 5.3% during this time frame.
However, recovery in the industrial market has persisted for a long time and chances of any significant drop in availability rates are less. In fact, a whole lot of new buildings are slated to be completed and made available in the market in the near term, leading to higher supply and lesser scope for rent and occupancy growth.
Additionally, hike in interest rate can pose a challenge for the company. Rising rates imply higher borrowing cost for the company, which might affect its ability to purchase or develop real estate and lower dividend payouts as well. Also, the dividend payout might become less attractive than the yields on fixed income and money market accounts.
Stocks Worth a Look
A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past two months. Its share price has risen 3.6% in six months' time.
Extra Space Storage's FFO per share estimates for the current year moved up 2% to $4.59 in a month's time. Its shares have gained 7.8% over the past six months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised approximately 1.9% upward to $1.05 over the past month. The stock has climbed 16.7% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Prologis, Inc. (PLD): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Its properties are typically located in large, supply-constrained infill markets with airports, seaports and ground transportation facilities nearby, which facilitates rapid distribution of customers' products. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. This dividend rate is expected to be sustainable on the back of the company's financial position and lower debt-to-equity ratio and payout ratio compared to that of the industry. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. This dividend rate is expected to be sustainable on the back of the company's financial position and lower debt-to-equity ratio and payout ratio compared to that of the industry. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Given Prologis Inc. 's PLD capacity, the company remains well positioned to capitalize on these growth opportunities. |
30235.0 | 2018-04-03 00:00:00 UTC | Why Should You Add Alexandria (ARE) Stock to Your Portfolio? | ABR | https://www.nasdaq.com/articles/why-should-you-add-alexandria-are-stock-to-your-portfolio-2018-04-03 | nan | nan | Office real estate investment trust (REIT) Alexandria Real Estate Equities, Inc.ARE has a particular focus on collaborative life-science and technology campuses. The company, which is based in Pasadena, CA, specifically emphasizes on Class A properties concentrated in urban campuses.
These locations are characterized by high barriers to entry and exit, and a limited supply of available space. This highly dynamic setting adds to the productivity and efficiency of the tenants, in turn, ensuring steady rental revenues for the company. In fact, as of Dec 31, 2017, 55% of the annual rental revenues were derived from investment-grade tenants, whereas 80% of the annual rental revenues came from Class A properties in AAA locations.
This Zacks Rank #2 (Buy) company has gained 1.5% in the past six months against 7.6% decline of its industry . However, the stock is likely to rally significantly in the near term, as there are a number of favorable factors.
In fact, high demand for Class A properties in AAA locations has been boosting occupancy level. The company is witnessing strong demand for space in key life-science markets. It enjoys a solid 10-year historical occupancy rate of 95%, which is anticipated to continue in the upcoming quarters as well.
Alexandria continues to execute and deliver strong internal growth. The year 2017 marked its second highest year of leasing volume at nearly 4.6 million rentable square feet. Further, the company achieved rental rate growth of 12.7% on lease renewals and re-leasing of space. In addition, robust external growth, development and redevelopment of new Class A properties in AAA locations will likely boost its operating performance.
Moreover, Alexandria has adequate financial flexibility to cushion and enhance its market position. The company had $2 billion of liquidity as of Dec 31, 2017. Additionally, it has no debt maturities in 2018, while two loans are set to mature in 2019. Also, its current cash flow growth of 35.6% compares favorably with the 6.2% increase estimated for the industry.
Other Stocks to Consider
Investors can also consider other top-ranked stocks in the REIT industry like Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank of 2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past two months. Its share price has risen 3.6% in six months' time.
Extra Space Storage's FFO per share estimates for the current year moved up 2% to $4.59 in a month's time. Its shares have gained 7.8% over the past six months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised approximately 1.9% upward to $1.05 over the past month. The stock has climbed 16.7% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks to Consider Investors can also consider other top-ranked stocks in the REIT industry like Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank of 2. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report To read this article on Zacks.com click here. This highly dynamic setting adds to the productivity and efficiency of the tenants, in turn, ensuring steady rental revenues for the company. | Other Stocks to Consider Investors can also consider other top-ranked stocks in the REIT industry like Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank of 2. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report To read this article on Zacks.com click here. Office real estate investment trust (REIT) Alexandria Real Estate Equities, Inc.ARE has a particular focus on collaborative life-science and technology campuses. | Other Stocks to Consider Investors can also consider other top-ranked stocks in the REIT industry like Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank of 2. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, as of Dec 31, 2017, 55% of the annual rental revenues were derived from investment-grade tenants, whereas 80% of the annual rental revenues came from Class A properties in AAA locations. | Other Stocks to Consider Investors can also consider other top-ranked stocks in the REIT industry like Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank of 2. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, as of Dec 31, 2017, 55% of the annual rental revenues were derived from investment-grade tenants, whereas 80% of the annual rental revenues came from Class A properties in AAA locations. |
30236.0 | 2018-04-02 00:00:00 UTC | RLJ Lodging (RLJ) Divests Sheraton Philadelphia for $95.5M | ABR | https://www.nasdaq.com/articles/rlj-lodging-rlj-divests-sheraton-philadelphia-for-%2495.5m-2018-04-02 | nan | nan | RLJ Lodging TrustRLJ announced that it has sold Sheraton Philadelphia Society Hill Hotel located in Philadelphia, PA for a price of $95.5 million. This 364-room hotel was sold for $262,000 per key.
The price represents a capitalization rate of around 5.6% on the hotel's estimated net operating income (NOI) in 2017 and excludes planned capital expenditures. It also indicates a 14.7x multiple on the company's 2017 EBITDA.
The company had acquired the property through its merger with FelCor Lodging Trust Inc. on Sep 1, 2017. The merger made RLJ Lodging the third-largest lodging real estate investment trust (REIT) by enterprise value. The company's portfolio expanded to 160 hotels, concentrated primarily in the urban and coastal markets. Currently, its portfolio consists of 155 hotels.
RLJ Lodging plans to utilize the net proceeds from the disposal to pay off a part of its credit facility and for other general corporate purposes.
Per management, the sale of the hotel soon after the merger is in sync with the company's target to achieve an optimal portfolio through strategic initiatives. While the combined entity is eyeing expansion in high-growth markets, it is also exploring opportunities to sell assets, which are non-core to its operations, through a disposition strategy.
Further, Ross H. Bierkan, president and chief executive officer, stated, "Not only is this disposition highly accretive on a valuation basis, but it is also accretive to our portfolio RevPAR and EBITDA margin. With this transaction, we have accomplished our initial goal of generating approximately $300 million from asset sales at an attractive aggregate multiple."
Shares of this Zacks Rank #3 (Hold) company have lost 13.2% compared with the industry 's decline of 6.9%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Stocks to Consider
A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . All three stocks carry a Zacks Rank #2 (Buy).
Arbor Realty Trust's Zacks Consensus Estimates for 2018 funds from operations (FFO) per share have remained unchanged at 90 cents over the past month. Its shares have returned 2.9% in three months' time.
Investor Real Estate Trust's Zacks Consensus Estimates for fiscal-year 2018 FFO per share have been revised upward by a cent to 36 cents over the past month. The stock has rallied 9.1% in a months' time.
Extra Space Storage's FFO per share estimates for 2018 have been revised upward 0.4% to $4.59 over the past week. The stock has gained 1.8% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Can Hackers Put Money INTO Your Portfolio?
Earlier this year, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor's Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
RLJ Lodging Trust (RLJ): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
Investors Real Estate Trust (IRET): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report RLJ Lodging Trust (RLJ): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. RLJ Lodging plans to utilize the net proceeds from the disposal to pay off a part of its credit facility and for other general corporate purposes. | Stocks to Consider A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report RLJ Lodging Trust (RLJ): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. Investor Real Estate Trust's Zacks Consensus Estimates for fiscal-year 2018 FFO per share have been revised upward by a cent to 36 cents over the past month. | Stocks to Consider A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report RLJ Lodging Trust (RLJ): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. Investor Real Estate Trust's Zacks Consensus Estimates for fiscal-year 2018 FFO per share have been revised upward by a cent to 36 cents over the past month. | Stocks to Consider A few better-ranked stocks from the same space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report RLJ Lodging Trust (RLJ): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. It also indicates a 14.7x multiple on the company's 2017 EBITDA. |
30237.0 | 2018-04-02 00:00:00 UTC | IRET Buys Multifamily Property, Enhances Denver Portfolio | ABR | https://www.nasdaq.com/articles/iret-buys-multifamily-property-enhances-denver-portfolio-2018-04-02 | nan | nan | Investors Real Estate TrustIRET - better known as IRET - recently announced the acquisition of a multifamily property named Westend in Denver, CO. The company shelled out $128.7 million for purchasing this community which was constructed in 2015 and has 390 homes.
Advantageously located in downtown Denver on 11.6 acres, Westend is next to Denver's downtown park system along the Platte River. It offers easy access to wide range of retail and employment localities. It has around 343,138 rentable square feet within 15 apartment buildings.
Moreover, with its location between the high-demand neighborhoods of Lower Downtown, Lower Highlands and River North Art District, the property is likely to command much attention and experience high occupancy. In fact, the property is already 93.5% occupied, currently.
Notably, the Denver market has grabbed the attention of well-educated workers in knowledge-based industries. Its economy is healthy and diverse. This makes the acquisition a strategic fit for IRET which intends to strengthen its presence in the region.
In fact, together with Minneapolis-St. Paul, Denver is a crucial market where IRET intends to boost its portfolio and achieve operating efficiencies. Earlier, the company closed the buyout of a 274-home apartment community - Dylan - in Denver.
Besides IRET fortifying its presence in the region, well-known residential REIT AvalonBay Communities, Inc. AVB also forayed into the Denver metropolitan area with the acquisition of a 252-unit apartment home community - The Lodge Denver West - which was completed in 2016. The company acquired this property in Lakewood, CO, for around $76.8 million.
In the past, IRET has made concerted efforts to transmute into a focused multifamily company. The company had been disposing senior housing, commercial, medical office and other non-core properties over the past one-and-a-half year. The company owned interests in 89 multifamily properties comprising 13,786 apartment homes as of Jan 31, 2018.
IRET carries a Zacks Rank #2 (Buy). In the past month, the stock has gained 9.1%, outperforming the industry 's rally of 2.3%.
Stocks Worth a Look
Investors can also consider other top-ranked stocks in the REIT space like Arbor Realty Trust ABR and Extra Space Storage Inc. EXR , each carrying a Zacks Rank of 2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past two months. Its share price has risen 5.2% in six months' time.
Extra Space Storage's FFO per share estimates for the current year inched up 2% to $4.59 in a month's time. Its shares have gained 10.6% over the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor's Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
AvalonBay Communities, Inc. (AVB): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
Investors Real Estate Trust (IRET): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look Investors can also consider other top-ranked stocks in the REIT space like Arbor Realty Trust ABR and Extra Space Storage Inc. EXR , each carrying a Zacks Rank of 2. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report AvalonBay Communities, Inc. (AVB): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. Investors Real Estate TrustIRET - better known as IRET - recently announced the acquisition of a multifamily property named Westend in Denver, CO. | Stocks Worth a Look Investors can also consider other top-ranked stocks in the REIT space like Arbor Realty Trust ABR and Extra Space Storage Inc. EXR , each carrying a Zacks Rank of 2. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report AvalonBay Communities, Inc. (AVB): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look Investors can also consider other top-ranked stocks in the REIT space like Arbor Realty Trust ABR and Extra Space Storage Inc. EXR , each carrying a Zacks Rank of 2. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report AvalonBay Communities, Inc. (AVB): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. Besides IRET fortifying its presence in the region, well-known residential REIT AvalonBay Communities, Inc. AVB also forayed into the Denver metropolitan area with the acquisition of a 252-unit apartment home community - The Lodge Denver West - which was completed in 2016. | Stocks Worth a Look Investors can also consider other top-ranked stocks in the REIT space like Arbor Realty Trust ABR and Extra Space Storage Inc. EXR , each carrying a Zacks Rank of 2. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report AvalonBay Communities, Inc. (AVB): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, together with Minneapolis-St. Paul, Denver is a crucial market where IRET intends to boost its portfolio and achieve operating efficiencies. |
30238.0 | 2018-04-02 00:00:00 UTC | Washington REIT (WRE) Amends Term Loan and Credit Facility | ABR | https://www.nasdaq.com/articles/washington-reit-wre-amends-term-loan-and-credit-facility-2018-04-02 | nan | nan | Washington Real Estate Investment Trust , also known as Washington REIT, WRE , announced an amended credit agreement that expands and extends the company's existing $600-million unsecured revolving credit facility to $700 million. Further, the company replaced an existing $150-million unsecured term loan with a $250-million unsecured term loan. The move enhances Washington REIT's balance sheet and will support its growth plans.
Importantly, the previous credit facility, which was set to expire on Jun 22, 2019, is now slated to mature in four years on Mar 29, 2022, unless one of the two six-month extension options is exercised to further extend the loan. Moreover, the newly refinanced loan will bear interest at a rate of LIBOR plus a margin that will be determined by the company's then unsecured debt rating.
In addition, the company has refinanced a seven-year $150-million loan due on Jul 21, 2023, with a $250-million loan with a term of five years. In fact, the company has entered into an interest rate swap arrangement that has reduced the interest spread by 55 basis points (bps).
Specifically, Washington REIT will pay a fixed rate of 2.31% per annum on the $150-million part of the term loan and 3.71% per annum on the remaining $100 million. While swap relating to the $150-million portion is currently in effect, the 3.71% swap will be effective from Jun 29, 2018.
Moreover, Washington REIT can exercise an accordion feature, conditioned on lender approval that can increase its aggregate credit facility top $1.5 billion. The company plans to use $100 million from the expanded term loan to pay down a portion of the revolving credit facility.
Per management, this refinancing activity provides it with an appealing source of capital and boosts flexibility. It has enabled the company to use available capital optimally and will likely benefit shareholders.
The refinancing is a strategic fit for this company as it has reduced interest expenses and extended maturities of loans. Furthermore, the well-favored financial covenants available to the company reflect its improved access to the debt markets and helps meet the firm's financial obligations in an efficient way.
The company currently carries a Zacks Rank #3 (Hold). In the past month, the company's shares have gained 6.5%, while its industry registered growth of 2.3%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Stocks to Consider
A few better-ranked stocks from the real estate space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . All three stocks carry a Zacks Rank of 2 (Buy).
Arbor Realty Trust's Zacks Consensus Estimates for 2018 funds from operations (FFO) per share have remained unchanged at 90 cents over the past month. Its share price has risen 2.9% in three months' time.
Investor Real Estate Trust's Zacks Consensus Estimates for fiscal-year 2018 FFO per share have been revised upward by a cent to 36 cents over the past month. Its share price has increased 9.1% in a months' time.
Extra Space Storage's FFO per share estimates for 2018 have been revised upward 0.4% to $4.59 over the past week. The stock has gained 1.8% during the past three months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Can Hackers Put Money INTO Your Portfolio?
Earlier this year, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor's Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Washington Real Estate Investment Trust (WRE): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
Investors Real Estate Trust (IRET): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider A few better-ranked stocks from the real estate space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Washington Real Estate Investment Trust (WRE): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. Importantly, the previous credit facility, which was set to expire on Jun 22, 2019, is now slated to mature in four years on Mar 29, 2022, unless one of the two six-month extension options is exercised to further extend the loan. | Stocks to Consider A few better-ranked stocks from the real estate space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Washington Real Estate Investment Trust (WRE): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. Washington Real Estate Investment Trust , also known as Washington REIT, WRE , announced an amended credit agreement that expands and extends the company's existing $600-million unsecured revolving credit facility to $700 million. | Stocks to Consider A few better-ranked stocks from the real estate space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Washington Real Estate Investment Trust (WRE): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. Washington Real Estate Investment Trust , also known as Washington REIT, WRE , announced an amended credit agreement that expands and extends the company's existing $600-million unsecured revolving credit facility to $700 million. | Stocks to Consider A few better-ranked stocks from the real estate space include Arbor Realty Trust ABR , Investor Real Estate Trust IRET and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Washington Real Estate Investment Trust (WRE): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Investors Real Estate Trust (IRET): Free Stock Analysis Report To read this article on Zacks.com click here. Washington Real Estate Investment Trust , also known as Washington REIT, WRE , announced an amended credit agreement that expands and extends the company's existing $600-million unsecured revolving credit facility to $700 million. |
30239.0 | 2018-03-29 00:00:00 UTC | Mark-Cali's Subsidiary Commences Leasing at Signature Place | ABR | https://www.nasdaq.com/articles/mark-calis-subsidiary-commences-leasing-at-signature-place-2018-03-29 | nan | nan | Mack-Cali Realty Corporation 's CLI subsidiary, Roseland Residential Trust, has initiated the leasing for its new luxury rental community, Signature Place. It boasts 197 newly-constructed apartments and is situated in Morris Plains, NJ. Earlier, Signature Place was an unoccupied office asset, owned by Mark-Cali.
Andrew Marshall, president and executive vice president of development at Roseland Residential Trust stated that "What was formerly an underperforming office asset has become the newest apartment community in an incredibly attractive market for high-end residential development and its success will serve as a model for future property conversions."
The community is very conveniently located at 250 Johnson Road with easy access to recreational, dining and shopping centers. It has a stylish club room with multiple facilities like billiards, conference rooms, swimming pool and a movie theater to name a few.
The plush homes are also done up using the best quality products, well-furnished with all the modern amenities. A few apartments are also built with personal balconies and terraces.
Mack-Cali has made concerted efforts in recent years to transform from a sub-urban office REIT to a residential and geographically-focused office REIT. The company announced a three-year strategic initiative in September 2015, aimed at transforming itself into a more concentrated owner of New Jersey Hudson River waterfront and transit-oriented office properties as well as a regional owner of luxury multi-family residential properties. The company's portfolio-repositioning strategy is focused on capturing the attention of people who prefer to live, work and play in the same area - a trend that drove development in several other cities in the United States. This group also gives much importance to transit options, and hence focusing on such areas remains a strategic choice for the company. Moreover, Several Fortune 500 companies have their headquarters in New Jersey, while others have a significant presence in the region. Armed with a skilled workforce and a well-established transit network, the region remains a top choice for the company to expand its business.
However, as part of portfolio-streamlining efforts, Mack-Cali has been aggressively disposing its assets. In fact, it completed $56 million of property sales in fourth-quarter 2017, bringing the tally for full-year 2017 property sales to $528 million. Further, the company has additional dispositions of around $400 million planned for 2018 and expects those to be completed by the end of the second quarter. This will mark completion of its major disposition program. While the measures are a strategic fit for the long run, the dilutive impact on earnings from such huge asset sales cannot be bypassed in the near term.
Shares of Mark-Cali have underperformed its industry in the past 12 months. The stock has lost 37.6% compared with industry 's decrease of 6.7%
Mark-Cali carries a Zacks Rank #5 (Strong Sell).
Stocks Worth a Look
A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , all three carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past two months. Share price of the company has risen 5% in 12 months' time.
Extra Space Storage's FFO per share estimates for the current year have moved 2.5% north to $4.59 in two months' time. Its shares have rallied 18% over a year.
Sotherly Hotels' FFO per share estimates for 2018 have been revised approximately 1.9% upward to $1.05 over the past two months. The stock has gained 6.8% during the past 12 months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Mack-Cali Realty Corporation (CLI): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , all three carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Mack-Cali Realty Corporation (CLI): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Mack-Cali Realty Corporation 's CLI subsidiary, Roseland Residential Trust, has initiated the leasing for its new luxury rental community, Signature Place. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , all three carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Mack-Cali Realty Corporation (CLI): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Mack-Cali Realty Corporation 's CLI subsidiary, Roseland Residential Trust, has initiated the leasing for its new luxury rental community, Signature Place. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , all three carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Mack-Cali Realty Corporation (CLI): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Andrew Marshall, president and executive vice president of development at Roseland Residential Trust stated that "What was formerly an underperforming office asset has become the newest apartment community in an incredibly attractive market for high-end residential development and its success will serve as a model for future property conversions." | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , all three carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Mack-Cali Realty Corporation (CLI): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Mack-Cali has made concerted efforts in recent years to transform from a sub-urban office REIT to a residential and geographically-focused office REIT. |
30240.0 | 2018-03-28 00:00:00 UTC | UDR Rewards Investors With 4% Hike in Annualized Dividend | ABR | https://www.nasdaq.com/articles/udr-rewards-investors-with-4-hike-in-annualized-dividend-2018-03-28 | nan | nan | Ushering in good news for its shareholders, UDR Inc.UDR declared a 4% increase in annualized common dividend for 2018. The company will now pay a cash dividend of 32.25 cents per share for the first quarter compared with 31 cents paid in the prior quarter.
The new dividend will be paid on Apr 30 to shareholders on record as of Apr 9. Based on this increased rate, annualized yield comes to about 3.7%, considering UDR's closing price of $34.70 on Mar 27.
Solid dividend payouts are arguably the biggest attraction for REIT investors and UDR is consistent in this regard. In fact, the new dividend will mark this residential real estate investment trust's (REIT) 182nd successive quarterly dividend payout on its common stock. Prior to the latest hike, the company had increased its dividend per share by 5% in 2017.
Further, UDR is believed to have adequate capital to support its dividend policy. The company reported fourth-quarter 2017 funds from operations (FFO) as adjusted per share of 48 cents, matching the Zacks Consensus Estimate. The figure also came higher than the prior-year quarter tally of 46 cents.
Total revenues for the quarter rose 4.1% year over year to $252.9 million. Further, the top line surpassed the Zacks Consensus Estimate of $251.4 million. Growth in total revenues was due to the higher revenues from same-store communities and stabilized non-mature communities. Moreover, as of Dec 31, 2017, the company had around $855.3 million available from a combination of cash and undrawn capacity on its credit facilities.
UDR's portfolio, located in the targeted U.S. markets, has a superior product-mix. However, the company continues to deal with an elevated level of apartment supply in a number of its markets. This is likely to limit the landlord's ability to demand higher rents and increase concessional activities.
UDR carries a Zacks Rank #3 (Hold). In the past month, the stock has gained 3%, outperforming the industry 's rally of 2.4%.
Stocks Worth a Look
A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. Its share price has risen 6.6% in six months' time.
Extra Space Storage's FFO per share estimates for the current year inched up 1.6% to $4.57 in a month's time. Its shares have gained 7.0% over the past six months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised approximately 1.9% upward to $1.05 over the past month. The stock has climbed 13.2% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
United Dominion Realty Trust, Inc. (UDR): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report United Dominion Realty Trust, Inc. (UDR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report United Dominion Realty Trust, Inc. (UDR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report United Dominion Realty Trust, Inc. (UDR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report United Dominion Realty Trust, Inc. (UDR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. The company will now pay a cash dividend of 32.25 cents per share for the first quarter compared with 31 cents paid in the prior quarter. |
30241.0 | 2018-03-28 00:00:00 UTC | Digital Realty Achieves Operational Excellence for 11th Year | ABR | https://www.nasdaq.com/articles/digital-realty-achieves-operational-excellence-for-11th-year-2018-03-28 | nan | nan | Data Center REIT - Digital Realty Trust, Inc.DLR - announced that for the 11th consecutive year it has achieved "five nines" of uptime, surpassing 99.999% availability throughout 2017. This reflects the company's efficiency in developing and delivering data center solutions, which can be relied upon by customers.
This operational excellence has been achieved despite growth of the company's portfolio over the years, which expanded from 74 data center suites at the beginning of 2007 to more than 750 by the end of 2017.
Moreover, recently, the company exceeded 1.7 billion operating minutes across its 205 data center properties. These properties included around 27 million square feet in 33 metropolitan areas internationally. The company noted that though hurricanes Harvey and Sandy left large regions without power, its data centers could uphold steady uptime.
With projected growth in cloud computing, Internet of Things and big data, and an increasing number of companies opting for third-party IT infrastructure, data-center REITs are experiencing a market boom. In fact, demand is outpacing supply in the top-tier data center markets and despite enjoying high occupancy, the said markets continue to randomly absorb new constructions at a faster pace. This, along with improved outlook for economic growth, is anticipated to drive demand for data centers.
Amid these, accretive acquisitions and development efforts are expected to boost top-line growth for Digital Realty. In September 2017, the company announced the completion of a merger with DuPont Fabros in an all-stock deal for an enterprise value of about $7.8 billion. This move enhanced Digital Realty's portfolio in the top U.S. data center metro areas across Northern Virginia, Chicago and Silicon Valley. It helped it to upgrade hyper-scale product offering and grow blue-chip customer base. The company is also focused on expanding its footprint in Europe and Australia.
However, given the solid growth potential of the data center real estate market, competition is expected to intensify in the upcoming period from existing as well as new players. Amid all this, an aggressive pricing pressure is anticipated in the data center market.
Digital Realty has a Zacks Rank #3 (Hold). The stock has gained 3.8% in the past month, outperforming 1.4% rally of the industry it belongs to.
Stocks Worth a Look
A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. Its share price has risen 6.6% in six months' time.
Extra Space Storage's FFO per share estimates for the current year inched up 1.6% to $4.57 in a month's time. Its shares have gained 7.0% over the past six months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised approximately 1.9% upward to $1.05 over the past month. The stock has climbed 13.2% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In September 2017, the company announced the completion of a merger with DuPont Fabros in an all-stock deal for an enterprise value of about $7.8 billion. Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. In September 2017, the company announced the completion of a merger with DuPont Fabros in an all-stock deal for an enterprise value of about $7.8 billion. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. In September 2017, the company announced the completion of a merger with DuPont Fabros in an all-stock deal for an enterprise value of about $7.8 billion. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each carrying a Zacks Rank #2 (Buy). In September 2017, the company announced the completion of a merger with DuPont Fabros in an all-stock deal for an enterprise value of about $7.8 billion. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. |
30242.0 | 2018-03-26 00:00:00 UTC | Here's Why You Should Hold Digital Realty (DLR) Stock Now | ABR | https://www.nasdaq.com/articles/heres-why-you-should-hold-digital-realty-dlr-stock-now-2018-03-26 | nan | nan | Shares of data center REIT Digital Realty TrustDLR have outperformed the industry it belongs to in the past month. The stock has gained 2% against the industry's slip of 0.4%. The stock has still room for growth.
With projected growth in cloud computing, Internet of Things and big data plus an increasing number of companies opting for third-party IT infrastructure, data-center REITs are experiencing a market boom. In fact, demand is outpacing supply in the top-tier data center markets and despite enjoying high occupancy, the said markets continue to randomly absorb new constructions at a faster pace. This, along with improved outlook for economic growth, is anticipated to drive demand for data centers. Amid these, accretive acquisitions and development efforts are expected to boost top-line growth for Digital Realty.
In September 2017, Digital Realty announced the completion of a merger with DuPont Fabros in an all-stock deal for an enterprise value of about $7.8 billion. This move enhanced Digital Realty's portfolio in the top U.S. data center metro areas across Northern Virginia, Chicago and Silicon Valley. It helped Digital Realty upgrade hyper-scale product offering and grow its blue-chip customer base.
The company had bought Telx in October 2015 and a portfolio of eight high-quality, carrier-neutral data centers in Europe (Amsterdam, Frankfurt and London) from Equinix in July 2016. Such buyouts offered a leading colocation and interconnection platform, a superior connectivity infrastructure and better growth scope at attractive locations. The company is also focused on expanding its footprint in Europe and Australia.
Further, the company aims at maintaining an investment grade balance sheet and is committed to a conservative capital structure. It enjoys ample, growing liquidity with diversified sources of capital and has a well-laddered debt maturity schedule with no material maturities until 2020.
Additionally, solid dividend payouts are arguably the biggest enticement for REIT shareholders and Digital Realty remains committed to disbursing the same. The company's dividend has witnessed a hike at 12% compound annual growth rate since 2005. Furthermore, much to the shareholders' delight on Mar 1, 2018, it announced an 8.6% dividend increase. The company has annually raised dividend since its initial public offering and the recent March 2018 hike marked the 13th consecutive year of increase.
However, Digital Realty faces stiff competition in its industry. In fact, the company contends with several data center developers, owners and operators, many of which enjoy ownership of similar assets at locations same as Digital Realty. Also, there are multiple local developers in the United States and several regional operators across Europe, Asia and Australia.
Given the solid growth potential of the data center real estate market, competition is expected to intensify in the upcoming period from existing as well as new players. Amid all this, an aggressive pricing pressure is anticipated in the data center market.
Moreover, Digital Realty's earnings have a notable exposure to foreign currency translation. Also, the company has substantial debt burden. Further, the rate hike adds to its woes.
The stock has seen the Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remaining unchanged at $6.54 over the past month.
Digital Realty has a Zacks Rank #3(Hold).
Stocks Worth a Look
A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , all three carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. Its share price has risen 10.9% in six months' time.
Extra Space Storage's FFO per share estimates for the current year inched up 1.6% to $4.57 in a month's time. Its shares have gained 7.1% over the past six months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised approximately 1.9% upward to $1.05 over the past month. The stock has climbed 7.4% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In September 2017, Digital Realty announced the completion of a merger with DuPont Fabros in an all-stock deal for an enterprise value of about $7.8 billion. Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , all three carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , all three carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. In September 2017, Digital Realty announced the completion of a merger with DuPont Fabros in an all-stock deal for an enterprise value of about $7.8 billion. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , all three carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. In September 2017, Digital Realty announced the completion of a merger with DuPont Fabros in an all-stock deal for an enterprise value of about $7.8 billion. | In September 2017, Digital Realty announced the completion of a merger with DuPont Fabros in an all-stock deal for an enterprise value of about $7.8 billion. Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , all three carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. |
30243.0 | 2018-03-26 00:00:00 UTC | Liberty Property's Kings Hill in Kent Sees Solid Demand | ABR | https://www.nasdaq.com/articles/liberty-propertys-kings-hill-in-kent-sees-solid-demand-2018-03-26 | nan | nan | Liberty Property TrustLPT is witnessing solid demand for its properties in the United Kingdom. Recently, the company announced that SearchFlow, a provider of conveyancing search services for the legal profession, has renewed its lease for another 10 years at Kings Hill, Kent.
For SearchFlow, which is part of Daily Mail and General Trust plc and has been based at Kings Hill since 2007, the move is a strategic fit. The site offers easy accessibility to London. Moreover, with SearchFlow focusing on growing its customer service operations for widening customer base, the site supports the company's expansion plan.
Notably, Kings Hill is being developed by Liberty Property Trust's subsidiary, Liberty Property Trust UK Ltd. Specifically, this U.K. subsidiary and Kent County Council created a collaborative public/private sector partnership for the development of Kings Hill as a mixed-use community. It includes commercial, residential, educational, retail, community, sports and leisure uses across 800 acres of landscaped low density parkland.
Notably, mixed-use developments too have gained much popularity in recent years. Such developments narrow the distance between housing, workplaces, retail businesses and other amenities and destinations. Hence, such developments enable companies to grab the attention of people who prefer to live, work and play in the same area - a trend that drove development in several other cities in the United States as well as in the United Kingdom.
Kings Hill too is expected to benefit from its mixed-use focus. Its tenant roster is well-diversified with tenants belonging to sectors like financial services, oil, food, automotive and telecommunications. Notably, last year, the property's developer Liberty Property Trust was able to sign property deals on more than 100,000 square feet of office space.
Going forward, Liberty Property Trust is likely to benefit from its top-quality office and industrial properties, covering 100 million square feet of space and comprising 554 properties in the markets with strong demographic and economic fundamentals. Its tenants include several major companies, promising steady rental revenues.
Liberty Property Trust has a Zacks Rank #3 (Hold). The stock has inched up 2.5% over the past year against its industry 's decline of 7.5%.
Stocks Worth a Look
A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each of the three carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. Its share price has risen 10.9% in six months' time.
Extra Space Storage's FFO per share estimates for the current year have moved up 1.6% to $4.57 in a month's time. Its shares have gained 7.1% over the past six months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised upward approximately 1.9% to $1.05 over the past month. The stock has increased 7.4% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
Liberty Property Trust (LPT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each of the three carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Liberty Property Trust (LPT): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, the company announced that SearchFlow, a provider of conveyancing search services for the legal profession, has renewed its lease for another 10 years at Kings Hill, Kent. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each of the three carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Liberty Property Trust (LPT): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Kings Hill is being developed by Liberty Property Trust's subsidiary, Liberty Property Trust UK Ltd. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Liberty Property Trust (LPT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each of the three carrying a Zacks Rank #2 (Buy). Notably, Kings Hill is being developed by Liberty Property Trust's subsidiary, Liberty Property Trust UK Ltd. | Stocks Worth a Look A few better-ranked stocks from the same industry are Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO , each of the three carrying a Zacks Rank #2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Liberty Property Trust (LPT): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Kings Hill is being developed by Liberty Property Trust's subsidiary, Liberty Property Trust UK Ltd. |
30244.0 | 2018-03-22 00:00:00 UTC | Here's Why REITs Don't Fear Rising Rates: 4 Great Picks | ABR | https://www.nasdaq.com/articles/heres-why-reits-dont-fear-rising-rates-4-great-picks-2018-03-22 | nan | nan | Dependence of REITs on debt for their business makes investors wary of their performance in a rising rate environment. Also, the investment world's treating them as bond substitutes for their high and consistent dividend-paying nature makes them susceptible to rising rates. This is why their price performance tends to fluctuate when the Federal Reserve is optimistic about rate hikes.
Chairman Jerome Powell opened his innings with a 0.25% interest rate hike yesterday but this time we should perhaps think twice before looking at the REIT space with a sceptic's eye. Over the years, REITs have managed their balance sheets efficiently and are now well prepared for a rising rate environment. In fact, instead of looking for debt to finance their portfolio, these have strategically resorted to equity capital in recent years.
This helped the balance sheets of the overall REIT industry to become less leveraged in decades. Per the Nareit T-Tracker , the ratio of debt-to-book assets came at 47.6% in fourth-quarter 2017, denoting a 95 basis-point decline over the past year while market leverage ratio is hovering around its record low achieved in 2016. Moreover, interest expense as a share of Net Operating Income (NOI) of 22.3% in the fourth quarter came close to its record low of 21.7% and well below 38% before the financial crisis.
Not only have the REITs reduced their exposure to interest rate hikes, they have opportunistically used the low-rate environment to make their financials more flexible, which is encouraging down the line for their operational efficiencies. REITs have made borrowings at a fixed rate and extended the average maturity of their debt outstanding to more than six years, thereby locking the low rates for an elongated period.
And finally, along with the much anticipated quarter-point rate hike this time, the GDP forecast for 2018 was raised to 2.7% from 2.5% in December while the same for 2019 has been revised north to 2.4% from 2.1%. Moreover, in a post-meeting statement, the committee said that the "economic outlook has strengthened in recent months."
This in turn drives the prospects of the real estate sector because growth in the economy translates into greater demand for real estate, higher occupancy levels and landlord's greater power to ask for higher rents. Because one will eventually need "real space" for economic activities and therefore, a REIT's earnings, cash flow and dividend get a boost as rate increases amid economic growth.
Now, if the rise in construction activity and the lengthy current real estate cycle point at a late stage of the cycle, then one needs to consider the vacancy rates. This is because, vacancy rates are either stable or hovering near lows for majority of the asset categories, suggesting that the industry is not overbuilt yet and that rather supply is in sync with demand.
4 Stocks to Scoop Up Big Gains
Here we handpicked four REIT stocks that sport a favorable Zacks Rank. These stocks have been witnessing positive estimate revisions. Also, their underlying asset categories display strength with the economy and the job market showing signs of recovery. Moreover, don't ignore the hiccups in stock prices with rate hikes, because these can provide solid entry points.
New York-based W. P. Carey Inc.WPC is a REIT engaged in providing long-term sale-leaseback and build-to-suit financing for companies in the United States and Europe. It has a Zacks Rank #1 (Strong Buy) and a dividend yield of 6.56%. It is also a steady performer, having exceeded the Zacks Consensus Estimate in each of the four trailing quarters with an average beat of 16.4%.
The stock is also experiencing positive estimate revisions with the Zacks Consensus Estimate for 2018 funds from operations (FFO) per share being revised 6.6% upward in a month's time. Meanwhile, the stock has gained 1.5% over the past month compared with the industry 's descend of 0.2%. It is a hot pick with a Momentum Score of A.
Headquartered in Salt Lake City, UT, Extra Space Storage Inc.EXR is a notable name in the self-storage industry. This REIT offers an array of well-located storage units to its customers, including boat storage, recreational vehicle storage and business storage. It is the second largest self-storage operator in the United States and the largest self-storage management company in the nation. Extra Space has a Zacks Rank #2 (Buy). It has a long-term growth rate of 5.7%.
The stock has seen the Zacks Consensus Estimate for 2018 FFO per share being revised 2% upward in a month's time. Even with a number rate hikes in the past year, the stock has surged 12.8% compared with the industry 's descend of 6.1% and is highly coveted with a Momentum Score of A.
Arbor Realty Trust, Inc.ABR , headquartered in Uniondale, NY, is a national direct lender that specializes in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. It has a Zacks Rank of 2 and an attractive dividend yield of 9.5%.
The stock has seen the Zacks Consensus Estimate for 2018 FFO per share being revised 2.3% north in a month's time. Over the past month, the stock has gained 4.4%, against the industry 's descend of 0.2%.
Williamsburg, VA-based Sotherly Hotels Inc.SOHO is engaged in the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in Southern United States. It has a Zacks Rank of 2 and a dividend yield of 7.3%.
The stock is a solid pick with a Value Score of A. It has seen the Zacks Consensus Estimate for 2018 FFO per share being revised 1.9% north in a month's time. Also, over the past month, the stock has appreciated 2.8% compared with the industry 's descend of 0.2%.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
W.P. Carey Inc. (WPC): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Even with a number rate hikes in the past year, the stock has surged 12.8% compared with the industry 's descend of 6.1% and is highly coveted with a Momentum Score of A. Arbor Realty Trust, Inc.ABR , headquartered in Uniondale, NY, is a national direct lender that specializes in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report W.P. Not only have the REITs reduced their exposure to interest rate hikes, they have opportunistically used the low-rate environment to make their financials more flexible, which is encouraging down the line for their operational efficiencies. | Even with a number rate hikes in the past year, the stock has surged 12.8% compared with the industry 's descend of 6.1% and is highly coveted with a Momentum Score of A. Arbor Realty Trust, Inc.ABR , headquartered in Uniondale, NY, is a national direct lender that specializes in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report W.P. The stock is also experiencing positive estimate revisions with the Zacks Consensus Estimate for 2018 funds from operations (FFO) per share being revised 6.6% upward in a month's time. | Even with a number rate hikes in the past year, the stock has surged 12.8% compared with the industry 's descend of 6.1% and is highly coveted with a Momentum Score of A. Arbor Realty Trust, Inc.ABR , headquartered in Uniondale, NY, is a national direct lender that specializes in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report W.P. The stock is also experiencing positive estimate revisions with the Zacks Consensus Estimate for 2018 funds from operations (FFO) per share being revised 6.6% upward in a month's time. | Even with a number rate hikes in the past year, the stock has surged 12.8% compared with the industry 's descend of 6.1% and is highly coveted with a Momentum Score of A. Arbor Realty Trust, Inc.ABR , headquartered in Uniondale, NY, is a national direct lender that specializes in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report W.P. Not only have the REITs reduced their exposure to interest rate hikes, they have opportunistically used the low-rate environment to make their financials more flexible, which is encouraging down the line for their operational efficiencies. |
30245.0 | 2018-03-22 00:00:00 UTC | 3 Great REITs to Buy Right Now | ABR | https://www.nasdaq.com/articles/3-great-reits-buy-right-now-2018-03-22 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The stock market's strong run over the past few years brought attention to high-flying growth stocks, usually from the technology sector, that were consistently outpacing the market. However, fresh volatility within the last two months has shifted the focus back towards other investment strategies, and now it might be time for investors to check out things like real estate investment trusts, or REITs.
First of all, real estate can be a very profitable investment sector when certain economic conditions are present. What's more, REITs must pay at least 90% of their taxable income in dividends to shareholders, so they are a great option for income investors looking for steady payouts.
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Luckily for Zacks readers, the proven Zacks Rank-which emphasizes earnings estimates and estimate revisions-works with REITs just as it would with any other company. The strongest REITs are going to be those with improving outlooks and great Zacks Ranks.
With that said, check out the REITs that are model says are impressive options right now:
Great REITs to Buy Right Now: Extra Space Storage, Inc. (EXR)
Headquartered in Salt Lake City, Extra Space Storage, Inc. (NYSE: EXR ) is a self-managed REIT that owns and operates many self-storage properties, including boat storage, RV storage, and business storages units. The company is the second-largest owner of self-storage properties in the U.S.
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EXT is currently holding a Zacks Rank #2 (Buy). The company has witnessed eight positive earnings estimate revisions from analysts within the past 60 days, and its full-year Zacks Consensus Estimate for EPS has gained nine cents in that time. Meanwhile, the stock has surged 6% over the past month and is a hot momentum pick as it tests new 52-week highs.
Great REITs to Buy Right Now: Arbor Realty Trust (ABR)
Arbor Realty Trust (NYSE: ABR ) is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. The company is a nice small-cap option for exposure to the U.S. mortgage market.
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ABR sports a Zacks Rank #2 (Buy). Analyst estimate trends have been positive, and the Zacks Consensus Estimate for the company's full-year earnings has gained two cents over the past 60 days. The stock has also surged about 13% over the past two months, despite market volatility. And at its current levels, ABR's dividend yield is an attractive 9.5%.
Great REITs to Buy Right Now: Sun Communities Inc (SUI)
Sun Communities Inc (NYSE: SUI ) operates and finances manufactured housing and recreational vehicle communities concentrated in the midwestern & southeastern U.S. The company has about 350 properties across 12 U.S. states and Canada. SUI has proven to be one of the hottest REITs over the course of the economic recovery, with shares gaining nearly 90% in five years.
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SUI is now sporting a Zacks Rank #2 (Buy). Within the past 60 days, we have seen two positive revisions to its full-year earnings estimates. We now expect the company to produce earnings growth of 9% in 018. Sun is also generating cash flow growth of 36% right now, outpacing its own historical average and the average of its industry.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Great REITs to Buy Right Now: Arbor Realty Trust (ABR) Arbor Realty Trust (NYSE: ABR ) is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. The 6 Most Inexpensive Growth Stocks To Buy Now ABR sports a Zacks Rank #2 (Buy). And at its current levels, ABR's dividend yield is an attractive 9.5%. | Great REITs to Buy Right Now: Arbor Realty Trust (ABR) Arbor Realty Trust (NYSE: ABR ) is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. The 6 Most Inexpensive Growth Stocks To Buy Now ABR sports a Zacks Rank #2 (Buy). And at its current levels, ABR's dividend yield is an attractive 9.5%. | Great REITs to Buy Right Now: Arbor Realty Trust (ABR) Arbor Realty Trust (NYSE: ABR ) is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. The 6 Most Inexpensive Growth Stocks To Buy Now ABR sports a Zacks Rank #2 (Buy). And at its current levels, ABR's dividend yield is an attractive 9.5%. | The 6 Most Inexpensive Growth Stocks To Buy Now ABR sports a Zacks Rank #2 (Buy). Great REITs to Buy Right Now: Arbor Realty Trust (ABR) Arbor Realty Trust (NYSE: ABR ) is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. And at its current levels, ABR's dividend yield is an attractive 9.5%. |
30246.0 | 2018-03-22 00:00:00 UTC | Condor Hospitality's Hotels Revamped to Drive Revenue Growth | ABR | https://www.nasdaq.com/articles/condor-hospitalitys-hotels-revamped-to-drive-revenue-growth-2018-03-22 | nan | nan | Condor Hospitality Trust, Inc.CDOR made a few capital improvements in in its hotels, the Aloft Leawood Kansas City and the Marriott Courtyard Jacksonville Florida. The improvements were done with the aim to improve the experience for the guests.
The guestrooms and hallways have been modernized at the Aloft Leawood Kansas City hotel, using new wall-coverings, changed lightings and customized carpet, which is in sync with the new design structure at Aloft, which was executed by Marriott.
On the other hand, a firepit was constructed in the outdoor courtyard near the pool at the Marriott Courtyard Jacksonville. Some more recreational activities were included in the same area.
Further, Hampton Inn Lake Mary is being renovated by Condor. The changes include an improved business center, a sophisticated front desk, an innovative grab-and-go option and an additional meeting space.
Jeff Dougan, Condor's chief operating officer, informed, "We will continue to evaluate opportunities to further enhance our portfolio through smart capital expenditure investments that improve the guest experience and further enable us to drive RevPAR and margin outperformance relative to our peers and national averages."
These redevelopment efforts are likely to lure customers and in turn drive the revenues higher.
Shares of the company outperformed its industry over the past three months, recording growth of 2.2% compared with industry's decline of 6.8%.
Currently, Condor has a Zacks Rank #3 (Hold).
Stocks Worth a Look
A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. Its share price has risen 11.2% in six months' time.
Extra Space Storage's FFO per share estimates for the current year moved up 2% to $4.57 in a month's time. Its shares have gained 6.9% over the past six months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised upward approximately 1.9% to $1.05 over the past month. The stock has gained 5.4% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
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Extra Space Storage Inc (EXR): Free Stock Analysis Report
Condor Hospitality Trust, Inc. (CDOR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Condor Hospitality Trust, Inc. (CDOR): Free Stock Analysis Report To read this article on Zacks.com click here. Condor Hospitality Trust, Inc.CDOR made a few capital improvements in in its hotels, the Aloft Leawood Kansas City and the Marriott Courtyard Jacksonville Florida. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Condor Hospitality Trust, Inc. (CDOR): Free Stock Analysis Report To read this article on Zacks.com click here. Condor Hospitality Trust, Inc.CDOR made a few capital improvements in in its hotels, the Aloft Leawood Kansas City and the Marriott Courtyard Jacksonville Florida. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Condor Hospitality Trust, Inc. (CDOR): Free Stock Analysis Report To read this article on Zacks.com click here. Jeff Dougan, Condor's chief operating officer, informed, "We will continue to evaluate opportunities to further enhance our portfolio through smart capital expenditure investments that improve the guest experience and further enable us to drive RevPAR and margin outperformance relative to our peers and national averages." | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Condor Hospitality Trust, Inc. (CDOR): Free Stock Analysis Report To read this article on Zacks.com click here. Condor Hospitality Trust, Inc.CDOR made a few capital improvements in in its hotels, the Aloft Leawood Kansas City and the Marriott Courtyard Jacksonville Florida. |
30247.0 | 2018-03-21 00:00:00 UTC | Why LaSalle Hotel Properties (LHO) Could Be Positioned for a Slump | ABR | https://www.nasdaq.com/articles/why-lasalle-hotel-properties-lho-could-be-positioned-for-a-slump-2018-03-21 | nan | nan | Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is LaSalle Hotel PropertiesLHO , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in LHO.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 11 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $2.33 a share a month ago to its current level of $2.10.
Also, for the current quarter, LaSalle Hotel Properties has seen eight downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to 27 cents a share from 35 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 9% in the past month.
LaSalle Hotel Properties Price and Consensus
LaSalle Hotel Properties Price and Consensus | LaSalle Hotel Properties Quote
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the REIT and Equity Trust - Other industry, you may instead consider a better-ranked stock - Arbor Realty Trust, Inc. ABR . The stock currently holds a Zacks Rank #2 (Buy) and may be a better selection at this time. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
LaSalle Hotel Properties (LHO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | If you are still interested in the REIT and Equity Trust - Other industry, you may instead consider a better-ranked stock - Arbor Realty Trust, Inc. ABR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report LaSalle Hotel Properties (LHO): Free Stock Analysis Report To read this article on Zacks.com click here. Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report LaSalle Hotel Properties (LHO): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the REIT and Equity Trust - Other industry, you may instead consider a better-ranked stock - Arbor Realty Trust, Inc. ABR . LaSalle Hotel Properties Price and Consensus LaSalle Hotel Properties Price and Consensus | LaSalle Hotel Properties Quote So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report LaSalle Hotel Properties (LHO): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the REIT and Equity Trust - Other industry, you may instead consider a better-ranked stock - Arbor Realty Trust, Inc. ABR . One such stock that you may want to consider dropping is LaSalle Hotel PropertiesLHO , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. | If you are still interested in the REIT and Equity Trust - Other industry, you may instead consider a better-ranked stock - Arbor Realty Trust, Inc. ABR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report LaSalle Hotel Properties (LHO): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is LaSalle Hotel PropertiesLHO , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. |
30248.0 | 2018-03-21 00:00:00 UTC | 3 Great REITs to Buy Right Now | ABR | https://www.nasdaq.com/articles/3-great-reits-buy-right-now-2018-03-21 | nan | nan | The stock market's strong run over the past few years brought attention to high-flying growth stocks, usually from the technology sector, that were consistently outpacing the market. However, fresh volatility within the last two months has shifted the focus back towards other investment strategies, and now it might be time for investors to check out things like real estate investment trusts, or REITs.
REITs are companies that own, operate, or finance real estate properties that produce income, such as apartment complexes or retail locations. These companies are heavily regulated and must meet a number of qualifications to be classified as a REIT, but they do offer investors a few distinct advantages.
First of all, real estate can be a very profitable investment sector when certain economic conditions are present. What's more, REITs must pay at least 90% of their taxable income in dividends to shareholders, so they are a great option for income investors looking for steady payouts.
Luckily for Zacks readers, the proven Zacks Rank-which emphasizes earnings estimates and estimate revisions-works with REITs just as it would with any other company. The strongest REITs are going to be those with improving outlooks and great Zacks Ranks.
With that said, check out the REITs that are model says are impressive options right now:
1. Extra Space Storage Inc. (EXR)
Headquartered in Salt Lake City, Extra Space Storage is a self-managed REIT that owns and operates many self-storage properties, including boat storage, RV storage, and business storages units. The company is the second-largest owner of self-storage properties in the U.S.
EXT is currently holding a Zacks Rank #2 (Buy). The company has witnessed eight positive earnings estimate revisions from analysts within the past 60 days, and its full-year Zacks Consensus Estimate for EPS has gained nine cents in that time. Meanwhile, the stock has surged 6% over the past month and is a hot momentum pick as it tests new 52-week highs.
2. Arbor Realty Trust (ABR)
Arbor Realty is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. The company is a nice small-cap option for exposure to the U.S. mortgage market.
ABR sports a Zacks Rank #2 (Buy). Analyst estimate trends have been positive, and the Zacks Consensus Estimate for the company's full-year earnings has gained two cents over the past 60 days. The stock has also surged about 13% over the past two months, despite market volatility. And at its current levels, ABR's dividend yield is an attractive 9.5%.
3. Sun Communities, Inc. (SUI)
Sun Communities operates and finances manufactured housing and recreational vehicle communities concentrated in the midwestern & southeastern U.S. The company has about 350 properties across 12 U.S. states and Canada. SUI has proven to be one of the hottest REITs over the course of the economic recovery, with shares gaining nearly 90% in five years.
SUI is now sporting a Zacks Rank #2 (Buy). Within the past 60 days, we have seen two positive revisions to its full-year earnings estimates. We now expect the company to produce earnings growth of 9% in 018. Sun is also generating cash flow growth of 36% right now, outpacing its own historical average and the average of its industry.
Want more market analysis from this author? Make sure to follow @ Ryan_McQueeneyon Twitter!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Sun Communities, Inc. (SUI): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) Arbor Realty is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. ABR sports a Zacks Rank #2 (Buy). And at its current levels, ABR's dividend yield is an attractive 9.5%. | Arbor Realty Trust (ABR) Arbor Realty is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sun Communities, Inc. (SUI): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. ABR sports a Zacks Rank #2 (Buy). | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sun Communities, Inc. (SUI): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust (ABR) Arbor Realty is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. ABR sports a Zacks Rank #2 (Buy). | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sun Communities, Inc. (SUI): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust (ABR) Arbor Realty is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. ABR sports a Zacks Rank #2 (Buy). |
30249.0 | 2018-03-19 00:00:00 UTC | New Offer Extended by Brookfield Property to Acquire GGP | ABR | https://www.nasdaq.com/articles/new-offer-extended-by-brookfield-property-to-acquire-ggp-2018-03-19 | nan | nan | Asset manager, Brookfield Property Partners made a revised acquisition offer to GGP Inc.GGP , according to a report by Reuters. Per people familiar with the matter, the revised offer boasts of an elevated cash component.
In November 2017, Brookfield offered $14.8 billion or $23 per share in a cash-and-stock offer to acquire the remaining 66% stake in GGP. However, GGP's special board committee rejected the offer.
The negotiations between the companies are ongoing and the exact value of the new offer is not known. The special board committee has yet to accept the offer.
Brookfield wants to buy the remaining stake in GGP, one of the largest owners of shopping centers in the United States, to take the company private.
This move of acquiring GGP by Brookfield comes as a surprise as the U.S. retail real estate market has been plagued with issues like downsizing and bankruptcies of retailers. This is because mall traffic continues to suffer amid a rapid shift in customers' shopping preferences and patterns with online purchases growing by leaps and bounds.
This has emerged as a pressing concern for retail REITs like GGP, as the trend is curtailing demand for the retail real estate space considerably and curbing the landlord's pricing power and occupancy level of properties. Moreover, such a choppy environment has led to tenants demanding substantial lease concessions but mall landlords are finding these unjustified.
However, the combination of GGP and Brookfield will make the combined company one of the largest companies in the world and, in turn, help them in negotiating better with the tenants.
Shares of GGP outperformed its industry in the past six months. During this time, the stock gained 3.2% compared with industry 's decline of 7.8%.
GGP currently has a Zacks Rank #3 (Hold).
Stocks Worth a Look
A few better-ranked stocks from the real estate industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. Its share price rose 10.2% in six months' time.
Extra Space Storage's FFO per share estimates for the current year have moved up 2% to $4.57 in a month's time. Its shares gained 8.5% over the past six months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised approximately 1.9% upward to $1.05 over the past month. The stock gained 5.6% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
General Growth Properties, Inc. (GGP): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the real estate industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report General Growth Properties, Inc. (GGP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Brookfield wants to buy the remaining stake in GGP, one of the largest owners of shopping centers in the United States, to take the company private. | Stocks Worth a Look A few better-ranked stocks from the real estate industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report General Growth Properties, Inc. (GGP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. | Stocks Worth a Look A few better-ranked stocks from the real estate industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report General Growth Properties, Inc. (GGP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. In November 2017, Brookfield offered $14.8 billion or $23 per share in a cash-and-stock offer to acquire the remaining 66% stake in GGP. | Stocks Worth a Look A few better-ranked stocks from the real estate industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report General Growth Properties, Inc. (GGP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. In November 2017, Brookfield offered $14.8 billion or $23 per share in a cash-and-stock offer to acquire the remaining 66% stake in GGP. |
30250.0 | 2018-03-19 00:00:00 UTC | Liberty Property Vends Suburban Offices | ABR | https://www.nasdaq.com/articles/liberty-property-vends-suburban-offices-2018-03-19 | nan | nan | Liberty Property TrustLPT announced that it has sold Suburban Philadelphia Office Properties, spanning across 779,190 square feet, for $106.9 million. The deal took place in two separate transactions.
Liberty Property, in the first transaction, sold properties totaling 186,248 square feet. The properties sold in Malvern, PA for $14.9 million included 9, 15-25 and 11 Great Valley Parkway.
In the second transaction, the company sold 592,942 square feet of office space for $92 million. The properties included in this transaction were2100 and 2201 Renaissance Boulevard in King of Prussia, PA, 440 and 460 E Swedesford Road in Wayne, PA, 45 Liberty Boulevard and 300, 400 and 500 Chesterfield Parkway in Malvern, PA.
Further, Liberty Property vended off an industrial building for $7 million, spanning across 80,000 square feet and situated at 301 Hill Carter Parkway in Richmond, VA.
Liberty Property is shifting its focus towards industrial properties due to favorable demand-supply conditions. The company plans to fund investments in industrial assets through proceeds from dispositions of office properties.
Its industrial portfolio, spanning 94.2 million square feet of area, enjoyed occupancy of 97% at the end of fourth-quarter 2017, marking an expansion of 70 basis points from the prior quarter. Moreover, industrial rents escalated 14.8% on renewal and replacement leases signed during the quarter.
Furthermore, the company plans to dispose of its remaining suburban office properties in 2018. In numbers, it expects dispositions of at least $600-$800 million this year with the majority being sub-urban office properties. Out of which, till date, its dispositions of 2018 totaled $190.8 million.
On the other hand, it is aimed at fortifying its national industrial platform through acquisitions of $400-$600 million of industrial properties in key markets and it commences $500-$600 million of development projects as well. These measures are anticipated to help the company achieve a favorable portfolio mix.
Shares of LPT have underperformed its industry in the past three months. During this time, the stock declined 6.5% compared with industry 's decline of 5.7%.
Liberty Property currently has a Zacks Rank #3 (Hold).
Stocks Worth a Look
A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. Its share price rose 10.2% in six months' time.
Extra Space Storage's FFO per share estimates for the current year moved up 2% to $4.57 in a month's time. Its shares gained 8.5% over the past six months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised approximately 1.9% upward to $1.05 over the past month. The stock gained 5.6% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
Liberty Property Trust (LPT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Liberty Property Trust (LPT): Free Stock Analysis Report To read this article on Zacks.com click here. Its industrial portfolio, spanning 94.2 million square feet of area, enjoyed occupancy of 97% at the end of fourth-quarter 2017, marking an expansion of 70 basis points from the prior quarter. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Liberty Property Trust (LPT): Free Stock Analysis Report To read this article on Zacks.com click here. The properties included in this transaction were2100 and 2201 Renaissance Boulevard in King of Prussia, PA, 440 and 460 E Swedesford Road in Wayne, PA, 45 Liberty Boulevard and 300, 400 and 500 Chesterfield Parkway in Malvern, PA. Further, Liberty Property vended off an industrial building for $7 million, spanning across 80,000 square feet and situated at 301 Hill Carter Parkway in Richmond, VA. Liberty Property is shifting its focus towards industrial properties due to favorable demand-supply conditions. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Liberty Property Trust (LPT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Liberty Property TrustLPT announced that it has sold Suburban Philadelphia Office Properties, spanning across 779,190 square feet, for $106.9 million. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Liberty Property Trust (LPT): Free Stock Analysis Report To read this article on Zacks.com click here. Liberty Property, in the first transaction, sold properties totaling 186,248 square feet. |
30251.0 | 2018-03-16 00:00:00 UTC | Here's Why You Should Hold on to Host Hotels (HST) Stock Now | ABR | https://www.nasdaq.com/articles/heres-why-you-should-hold-on-to-host-hotels-hst-stock-now-2018-03-16 | nan | nan | Host Hotels & Resorts, Inc.HST is likely to gain from its solid portfolio of upscale hotels across potential markets. Furthermore, the company is anticipated to improve the revenue per available room (RevPAR) backed by its value enhancement initiatives. Moreover, demand is likely to benefit amid improving corporate profits, business investment, consumer sentiment and low unemployment level.
Last month, the company reported fourth-quarter 2017 adjusted funds from operations (FFO) of 42 cents per share, which outpaced the Zacks Consensus Estimate of 39 cents. Results reflect margin improvement through better productivity.
Importantly, Host Hotels undertakes a strategic capital-recycling program to enhance its portfolio quality and strengthen its position over global vibrant markets. Furthermore, the company has been monetizing a considerable part of real estate in Washington D.C. and lowering its exposure in New York.
In fact, following the end of the prior year, the company has completed the sale of the Key Bridge Marriott for $190 million. Further, it is under contract to sell the W New York for $190 million. This sale is likely to close in second-quarter 2018.
On the other hand, three Hyatt assets are placed under contract for acquisition. These include the 301-room Andaz Maui, 668-room Grand Hyatt San Francisco, and 454-room Hyatt Regency Coconut Point. The assets, positioned in markets with solid RevPAR growth, have gone through substantial renovations.
Additionally, during 2017, the company expended around $277 million on capital expenditures - $72 million was return on investment (ROI) capital projects, and $205 million for renewal and replacement projects. Also, the company projects capital expenditures of $475-$550 million for 2018. This comprises $185-$220 million in ROI projects, and $290-$330 million in renewal and replacement projects. Such investments are anticipated to help the company improve its portfolio quality and bolster revenues as well.
In addition, Host Hotels has a decent balance sheet and ample liquidity. The company exited 2017 with around $913 million of unrestricted cash and $822 million of available capacity remaining under the revolver part of its credit facility. This provides the company ample scope for deploying capital for long-term growth opportunities and at the same time, carrying out redevelopment initiatives.
Though supply growth has been lackluster in the past, it has gathered momentum in recent times. In fact, this growth is expected to remain elevated in 2018, particularly in markets where the company has exposure. Furthermore, the company's performance might be weak in first-quarter 2018 due to tough comparisons resulting from inauguration and Women's March in D.C. last year, as well as Easter weekend beginning on Mar 30 this year.
In addition to this, the dilutive impact of asset sales cannot be bypassed. Also, rate hike remains another concern.
Shares of Host Hotels have outperformed the industry it belongs to, in the past six months. This Zacks Rank #3 (Hold) company's shares have ascended 4.1%, while the industry incurred a loss of 8.5% during this time frame. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Additionally, the stock has seen the Zacks Consensus Estimate for 2018 FFO per share being revised 1.2% upward in a month's time. Given the progress on fundamentals, the stock is likely to perform well in the upcoming period.
Stocks to Consider
A few better-ranked stocks from the real estate space include Arbor Realty Trust, Inc. ABR , Sotherly Hotels Inc. SOHO and Extra Space Storage Inc. EXR . All three stocks carry a Zacks Rank of 2 (Buy).
Arbor Realty Trust's Zacks Consensus Estimates for 2018 funds from operations (FFO) per share have been revised 2.3% upward to 90 cents over the past month. Its share price has risen 10.3% in six months' time.
Sotherly Hotels' FFO per share estimates for 2018 have been revised upward approximately 1.9% to $1.05 over the past month. The stock has gained 5.1% during the past six months.
Extra Space Storage's FFO per share estimates for 2018 have been revised upward 1.8% to $4.56 over the past month. The stock has increased 8.6% during the same time frame.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider A few better-ranked stocks from the real estate space include Arbor Realty Trust, Inc. ABR , Sotherly Hotels Inc. SOHO and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Importantly, Host Hotels undertakes a strategic capital-recycling program to enhance its portfolio quality and strengthen its position over global vibrant markets. | Stocks to Consider A few better-ranked stocks from the real estate space include Arbor Realty Trust, Inc. ABR , Sotherly Hotels Inc. SOHO and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimates for 2018 funds from operations (FFO) per share have been revised 2.3% upward to 90 cents over the past month. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks from the real estate space include Arbor Realty Trust, Inc. ABR , Sotherly Hotels Inc. SOHO and Extra Space Storage Inc. EXR . Additionally, during 2017, the company expended around $277 million on capital expenditures - $72 million was return on investment (ROI) capital projects, and $205 million for renewal and replacement projects. | Stocks to Consider A few better-ranked stocks from the real estate space include Arbor Realty Trust, Inc. ABR , Sotherly Hotels Inc. SOHO and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Such investments are anticipated to help the company improve its portfolio quality and bolster revenues as well. |
30252.0 | 2018-03-16 00:00:00 UTC | HCP Vends Tandem Mezzanine Loan Investment for $112M | ABR | https://www.nasdaq.com/articles/hcp-vends-tandem-mezzanine-loan-investment-for-%24112m-2018-03-16 | nan | nan | HCP Inc.HCP announced that it sold a mezzanine loan that was secured by interests in its skilled nursing and long-term healthcare portfolio, Tandem, to Fundamental Advisors LP, for $112 million.
Fundamental Advisors is an alternative asset manager focused on public purpose assets. The company targets investments that can be controlled and are stressed. It also focuses on buying securities from the secondary market that are undervalued.
Recently, HCP also resorted to shift in the management on its 24 senior-living communities from Brookdale Senior Living to Atria Senior Living. The transition, which still awaits a few regulatory approvals, is scheduled to start from this month and is likely to be accomplished by September 2018.
HCP has been continually trying to reduce its exposure to Brookdale. This is because, Brookdale, which is one of the largest senior living providers in the nation, has been facing operational and financial challenges for past few years.
This was the last mezzanine loan investment of the company and Scott Brinker, Chief Investment Officer of HCP, feels that the recent announcements are in sync with their 2018 objectives.
Once the transition of management from Brookdale to Atria is completed, the dealings will benefit the company in a number of ways. It will considerably decrease Brookdale's concentration, increase lease coverage of their remaining triple-net assets leased to Brookdale, improve the diversification of tenants in the portfolio and enhance the credit profile and the balance sheet.
Nevertheless, shares of HCP have underperformed its industry in the past three months. During this time, the stock declined 14.9% compared with industry 's decline of 9.2%.
HCP currently carries a Zacks Rank #4 (Sell).
Stocks Worth a Look
A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. Its share price has risen 10.3% in six months' time.
Extra Space Storage's FFO per share estimates for the current year have moved up 1.8% to $4.46 in a month's time. Its shares have gained 8.6% over the past six months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised approximately 1.9% upward to $1.05 over the past month. The stock has gained 5.1% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
HCP, Inc. (HCP): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report HCP, Inc. (HCP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. HCP Inc.HCP announced that it sold a mezzanine loan that was secured by interests in its skilled nursing and long-term healthcare portfolio, Tandem, to Fundamental Advisors LP, for $112 million. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report HCP, Inc. (HCP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report HCP, Inc. (HCP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report HCP, Inc. (HCP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Fundamental Advisors is an alternative asset manager focused on public purpose assets. |
30253.0 | 2018-03-14 00:00:00 UTC | Hudson Pacific (HPP) Inks a Lease Renewal with InvenSense | ABR | https://www.nasdaq.com/articles/hudson-pacific-hpp-inks-a-lease-renewal-with-invensense-2018-03-14 | nan | nan | Hudson Pacific Properties, Inc.HPP announced a major lease renewal in Silicon Valley with InvenSense, Inc., a supplier of micro-electro-mechanical systems sensor platforms.
Particularly, this lease, which runs through April 2025, involves 139,336 square feet of office space at 1745 Technology Drive. This space is a part of company's Concourse office complex in San Jose. The prior lease was set to expire in 2019.
Concourse is conveniently located at the junction of Technology Drive and Airport Parkway. Also, it is situated next to San Jose International Airport. The Class A office complex has seven buildings and spans across 944,386-square-feet.
Importantly, this early renewal indicates the rising demand for office space in the San Jose Airport submarket area and the strong interest of existing tenants in Hudson Pacific's premium properties . The company boasts a portfolio of more than 2.6 million square feet in the San Jose Airport submarket area.
Notably, the improving economy and a healthy job market environment are anticipated to stoke growth in the office real estate market in 2018. However, the pace of growth will likely remain modest with an increased supply of office space that has been curbing the pricing power of landlords and resulting in elevated concession levels. Also, rate hike adds to its woes.
Amid these, the Zacks Consensus Estimate for 2018 funds from operations (FFO) per share was revised 1% downward in a month's time.
Nevertheless, shares of the company have outperformed its industry in the past three months, declining 5.4% compared with the industry's descend of 8.5%.
Currently, Hudson Pacific has a Zacks Rank #4 (Sell).
Stocks Worth a Look
A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share have been revised 2.3% upward to 90 cents over the past month. Its share price has risen 0.7% in three months' time.
Extra Space Storage's FFO per share estimates for the current year have moved up 1.3% to $4.54 in a month's time. Its shares have gained 0.4% over the past three months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised upward approximately 1.9% to $1.05 over the past month. The stock has gained 7.3% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion - more than a 3,800% increase in the previous 12 months. They're now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Click here to access these stocks >>
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Hudson Pacific Properties, Inc. (HPP): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Hudson Pacific Properties, Inc. (HPP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Hudson Pacific Properties, Inc.HPP announced a major lease renewal in Silicon Valley with InvenSense, Inc., a supplier of micro-electro-mechanical systems sensor platforms. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Hudson Pacific Properties, Inc. (HPP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share have been revised 2.3% upward to 90 cents over the past month. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Hudson Pacific Properties, Inc. (HPP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Importantly, this early renewal indicates the rising demand for office space in the San Jose Airport submarket area and the strong interest of existing tenants in Hudson Pacific's premium properties . | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc. EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Hudson Pacific Properties, Inc. (HPP): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Particularly, this lease, which runs through April 2025, involves 139,336 square feet of office space at 1745 Technology Drive. |
30254.0 | 2018-03-13 00:00:00 UTC | Why It's Wise to Hold on to Duke Realty's (DRE) Stock for Now | ABR | https://www.nasdaq.com/articles/why-its-wise-to-hold-on-to-duke-realtys-dre-stock-for-now-2018-03-13 | nan | nan | Duke Realty CorporationDRE is well positioned to benefit from an escalating demand for industrial properties by offering modern distribution facilities in strategic infill locations. Also, the medical office asset sale enabled the company to turn into a leading domestic pure-play industrial REIT. However, large-scale asset dispositions are expected to have a dilutive effect on earnings in the near term. Further, stiff competition and rate hike remain concerns.
In January 2018, Duke Realty reported fourth-quarter 2017 core funds from operations (FFO) per share of 30 cents, which came in line with the Zacks Consensus Estimate. However, the figure was lower than the year-ago tally of 31 cents. Total rental and related revenues of $179.4 million for the quarter jumped 11.5% on a year-over-year basis. Further, the figure surpassed the Zacks Consensus Estimate of $175 million. The results reflected growth in same-property net operating income on the back of solid rental increase.
Notably, the industrial real estate market has been witnessing elevated demand for modern, bulk distribution properties and warehouses. This demand is stemming from the growth of industries and companies opting for measures to improve supply chain efficiencies. This is helping the industrial real estate market to grow. Given Duke Realty's solid capacity to offer such properties, it remains well poised to capitalize on this trend.
In fact, as part of its strategy to concentrate on industrial properties, in recent years, the company has made concerted efforts to lower exposure to suburban office assets. Further, it divested its medical office business in the prior year. Such efforts are particularly aimed at simplifying the company's business model and turn it into a leading domestic pure play industrial REIT.
Moreover, solid dividend payouts remain arguably the biggest attraction for REIT investors. Duke Realty has raised its regular common dividend rate by 5.9%, 5.6% and 5.3% in fourth-quarter 2015, 2016 and 2017, respectively. Furthermore, the company contributed $70 million toward special dividend in 2015. Also, during fourth-quarter 2017, the company paid 85 cents as special dividends.
Nevertheless, as Duke Realty is enhancing its portfolio mix through continued divestitures, this included the significant disposition of suburban office assets and MOBs in recent times. While such efforts are a strategic fit for the long term, the near-term dilutive effect cannot be bypassed. Such moves tend to drag the company's quarterly results and weigh on its profitability.
Though the company's large development pipeline is encouraging for its future growth, it increases operational risks by exposing it to rising construction costs, entitlement delays and lease-up risks. The company also faces significant competition from developers, owners and operators of commercial real estates. This influences its ability to attract and retain tenants at relatively higher rents than its competitors.
Further, shares of Duke Realty have underperformed its industry in the past six months, declining 13.3% compared with the industry's descend of 8.6%.
Currently, Duke Realty carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Stocks Worth a Look
A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc EXR and Sotherly Hotels Inc. SOHO . All three stocks carry a Zacks Rank of 2 (Buy).
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share have been revised 2.3% upward to 90 cents over the past month. Its share price has risen 10.2% in six months' time.
Extra Space Storage's FFO per share estimates for the current year have moved up 0.9% to $4.52 in a month's time. Its shares have gained 11.7% over the past six months.
Sotherly Hotels' FFO per share estimates for 2018 have been revised upward approximately 1% to $1.04 over the past month. The stock has gained 5.9% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Duke Realty Corporation (DRE): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Duke Realty Corporation (DRE): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Duke Realty CorporationDRE is well positioned to benefit from an escalating demand for industrial properties by offering modern distribution facilities in strategic infill locations. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Duke Realty Corporation (DRE): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share have been revised 2.3% upward to 90 cents over the past month. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Duke Realty Corporation (DRE): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc EXR and Sotherly Hotels Inc. SOHO . In January 2018, Duke Realty reported fourth-quarter 2017 core funds from operations (FFO) per share of 30 cents, which came in line with the Zacks Consensus Estimate. | Stocks Worth a Look A few better-ranked stocks from the same industry include Arbor Realty Trust ABR , Extra Space Storage Inc EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Duke Realty Corporation (DRE): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. In January 2018, Duke Realty reported fourth-quarter 2017 core funds from operations (FFO) per share of 30 cents, which came in line with the Zacks Consensus Estimate. |
30255.0 | 2018-03-13 00:00:00 UTC | Here's Why You Should Sell DDR Corp's (DDR) Stock Right Now | ABR | https://www.nasdaq.com/articles/heres-why-you-should-sell-ddr-corps-ddr-stock-right-now-2018-03-13 | nan | nan | DDR Corp. 's DDR profitability is likely to be hurt by choppy retail real estate environment. In fact, demand for space is anticipated to be affected in the near term, thanks to the shift in customers' shopping preferences toward online purchases. Also, aggressive asset disposition is expected to have a dilutive effect on earnings. Competition from other players in the industry and rate hike pose other challenges to this retail REIT.
Notably, DDR is trying to streamline its portfolio and focus on core markets. In fact, in December 2017, its board of directors revealed the decision of spinning-off a portfolio of 50 assets into a separate public-traded REIT to be named Retail Value Inc. (RVI). Further, the company sold $590.1 million of assets in the fourth quarter. While dispositions are a strategic fit for long-term growth, the near-term dilution effect of such moves cannot be bypassed.
For fourth-quarter 2017, DDR reported funds from operations (FFO) per share of 28 cents that surpassed the Zacks Consensus Estimate of 26 cents. However, the figure declined a couple of cents from the prior-year quarter , reflecting the dilutive impact of deleveraging asset dispositions. The company generated revenues of $209.4 million for the fourth quarter, surpassing the Zacks Consensus Estimate of $208 million. However, the top line fell short of $232.2 million recorded in the year-ago quarter. The results highlighted higher-than-expected business in its Continental U.S. portfolio as well as balance-sheet improvement efforts.
Admittedly, mall traffic continues to suffer amid a rapid shift in customers' shopping preferences and patterns with online purchases growing by leaps and bounds. These have made retailers reconsider their footprint and eventually made them opt for store closures in recent times. Further, retailers unable to cope with competition have been filing for bankruptcies. This comes as a pressing concern for retail REITs like DDR as this trend has been considerably curtailing demand for the retail real estate space.
Also, hike in interest rate can pose a challenge for DDR as its ability to refinance existing debt would be restricted while the interest cost on new debt would also increase. This could adversely affect the company's financial results.
Shares of DDR have underperformed the industry it belongs to in the past six months. During this time frame, shares of the company have declined 25.6% compared with the industry's descend of 11.1%.
DDR currently holds a Zacks Rank #4 (Sell).
Stocks Worth a Look
A few better-ranked stocks from the real estate industry include Arbor Realty Trust ABR , Extra Space Storage Inc EXR and Sotherly Hotels Inc. SOHO . All three carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. Its share price rose 10.2% in six months' time.
Extra Space Storage's FFO per share estimates for the current year have moved up 0.9% to $4.52 in a month's time. Its shares have gained 11.7% over the past six months.
Sotherly Hotels' FFO per share estimates for 2018 were revised upward approximately 1% to $1.04 over the past month. The stock gained 5.9% during the past six months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) - a widely used metric to gauge the performance of REITs.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don't miss your chance to get in on these long-term buys.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
DDR Corp. (DDR): Free Stock Analysis Report
Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth a Look A few better-ranked stocks from the real estate industry include Arbor Realty Trust ABR , Extra Space Storage Inc EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report DDR Corp. (DDR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, in December 2017, its board of directors revealed the decision of spinning-off a portfolio of 50 assets into a separate public-traded REIT to be named Retail Value Inc. (RVI). | Stocks Worth a Look A few better-ranked stocks from the real estate industry include Arbor Realty Trust ABR , Extra Space Storage Inc EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report DDR Corp. (DDR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust's Zacks Consensus Estimate for 2018 FFO per share has been revised 2.3% upward to 90 cents over the past month. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report DDR Corp. (DDR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth a Look A few better-ranked stocks from the real estate industry include Arbor Realty Trust ABR , Extra Space Storage Inc EXR and Sotherly Hotels Inc. SOHO . For fourth-quarter 2017, DDR reported funds from operations (FFO) per share of 28 cents that surpassed the Zacks Consensus Estimate of 26 cents. | Stocks Worth a Look A few better-ranked stocks from the real estate industry include Arbor Realty Trust ABR , Extra Space Storage Inc EXR and Sotherly Hotels Inc. SOHO . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report DDR Corp. (DDR): Free Stock Analysis Report Sotherly Hotels Inc. (SOHO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. For fourth-quarter 2017, DDR reported funds from operations (FFO) per share of 28 cents that surpassed the Zacks Consensus Estimate of 26 cents. |
30256.0 | 2018-03-12 00:00:00 UTC | Chatham Boosts Flexibility With Credit Facility Refinancing | ABR | https://www.nasdaq.com/articles/chatham-boosts-flexibility-with-credit-facility-refinancing-2018-03-12 | nan | nan | Hotel REIT Chatham Lodging TrustCLDT has announced refinancing of its $250-million senior unsecured revolving credit facility. The move offers the company financial flexibility as well as capacity to take up growth opportunities.
Specifically, Chatham, which mainly invests in upscale extended-stay hotels and premium branded, select-service hotels, has been able to lower borrowing costs by 0-15 basis points from the comparable leverage-based pricing levels in its previous credit facility. Based on the company's current leverage level, the borrowing cost under its new facility is LIBOR plus 1.65%.
Moreover, the company has been able to push the maturity. This is because the new unsecured revolving credit facility is slated to mature in March 2023. Further, it bears option for maturity extension by an additional year, while the earlier $250-million senior unsecured credit facility was scheduled to mature in 2020.
This reduction in interest cost as well as extension of maturity is a strategic fit for the company. The company has resorted to opportunistic asset sales for redeploying the proceeds for its development efforts and acquisitions in high growth markets.
However, in the near term, the company's growth tempo is likely to remain curtailed amid higher supply. Furthermore, the company is likely to face tough comparisons in 2018, mainly in the first and fourth quarters. This is because the company's four properties in Houston benefited from the Super Bowl in first-quarter 2017, while three properties in the Washington DC area gained from the inauguration in the quarter. Also, significant demand stemmed from hurricanes for the company's Houston properties in fourth-quarter 2017.
In addition to the difficult comparisons, the company's margins are likely to bear the brunt of increasing wages and declining revenues. Also, the dilutive impact of asset dispositions on earnings cannot be bypassed.
Amid these, Chatham currently carries a Zacks Rank #5 (Sell). In the past month, the company's shares have depreciated 7.1%, while its industry registered growth of 2.0%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Stocks to Consider
A few better-ranked stocks from the real estate space include Arbor Realty Trust, Inc. ABR , CBRE Group, Inc. CBG and Extra Space Storage Inc. EXR . All three stocks carry a Zacks Rank of 2 (Buy).
Arbor Realty Trust's Zacks Consensus Estimates for 2018 funds from operations (FFO) per share have been revised 2.3% upward to 90 cents over the past month. Its share price has risen 1.9% in three months' time.
CBRE Group's Zacks Consensus Estimates for 2018 earnings per share have been revised 4.1% upward to $3.04 over the past month. Its share price has risen 10.2% in three months' time.
Extra Space Storage's FFO per share estimates for 2018 have been revised upward 0.9% to $4.52 over the past month. The stock has inched up 0.7% during the past three months.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider A few better-ranked stocks from the real estate space include Arbor Realty Trust, Inc. ABR , CBRE Group, Inc. CBG and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report CBRE Group, Inc. (CBG): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. The company has resorted to opportunistic asset sales for redeploying the proceeds for its development efforts and acquisitions in high growth markets. | Stocks to Consider A few better-ranked stocks from the real estate space include Arbor Realty Trust, Inc. ABR , CBRE Group, Inc. CBG and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report CBRE Group, Inc. (CBG): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. CBRE Group's Zacks Consensus Estimates for 2018 earnings per share have been revised 4.1% upward to $3.04 over the past month. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report CBRE Group, Inc. (CBG): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks from the real estate space include Arbor Realty Trust, Inc. ABR , CBRE Group, Inc. CBG and Extra Space Storage Inc. EXR . In the past month, the company's shares have depreciated 7.1%, while its industry registered growth of 2.0%. | Stocks to Consider A few better-ranked stocks from the real estate space include Arbor Realty Trust, Inc. ABR , CBRE Group, Inc. CBG and Extra Space Storage Inc. EXR . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report CBRE Group, Inc. (CBG): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. In the past month, the company's shares have depreciated 7.1%, while its industry registered growth of 2.0%. |
30257.0 | 2018-03-09 00:00:00 UTC | Terreno (TRNO) Buys Industrial Asset in Seattle for $42M | ABR | https://www.nasdaq.com/articles/terreno-trno-buys-industrial-asset-in-seattle-for-%2442m-2018-03-09 | nan | nan | Industrial REIT Terreno Realty CorporationTRNO is continuing with its efforts to capitalize on the healthy fundamentals in the industrial markets through the purchase of strategic properties in core markets. As part of such moves, the company recently shelled out $42 million for the acquisition of an industrial property in Seattle, Washington. This comes after the acquisition of another industrial property in Woodside Queens, NY, for $25.2 million on Mar 7.
The recently-acquired property consists of one industrial distribution building, which will comprise approximately 235,000 square feet on 8.7 acres, following the renovation by the end of next year. It is favorably located near Seattle Port and SoDo district, at 4786 1st Avenue South. The property is 65% leased to three tenants and it offers 29 dock-high and two grade-level loading positions as well as a parking facility for 71 cars.
Terreno has a solid capacity to offer modern distribution properties and it remains well poised to capitalize on robust industry fundamentals. It aims to boost shareholder value through the acquisition of industrial assets and the company specifically targets functional buildings at in-fill locations, enjoying high population densities, near-high volume distribution points.
Notably, the industrial real estate asset category has grabbed attention due to elevated demand, the recovering economy and job market, strengthening of e-commerce market and a healthy manufacturing environment.
Particularly, Terreno is fortifying its portfolio in six major port cities - Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. - which depict solid demographic trends and have strong barriers to entry that limit new supply. Further, the company's investment-driven growth strategy is highlighted by its active acquisition activities.
Encouragingly, in the past three months, shares of the company have outperformed the industry . While the stock depreciated 5.2%, the industry incurred a loss of 9.3% during this period.
However, Terreno currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Better-ranked stocks in the REIT space include Extra Space Storage Inc EXR , Arbor Realty Trust ABR and Derwent London Plc DWVYF . All three stocks carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Extra Space Storage's FFO per share estimates for the current year have moved up 0.9% to $4.52 in a month's time. Over the past six months, the company's shares have gained 9.2%.
Arbor Realty Trust's 2018 FFO per share estimates inched up 2.3% to 90 cents over the past month. The stock has rallied 6.6% for the past six months.
Derwent London's funds from operations (FFO) per share estimates for 2018 witnessed upward estimate revision of 8.5% to $1.41 over the past month. Its share price has increased 5.7% in six months' time.
Note: All EPS numbers presented in this write up represents funds from operations ("FFO") per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Terreno Realty Corporation (TRNO): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
Derwent London Plc (DWVYF): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider Better-ranked stocks in the REIT space include Extra Space Storage Inc EXR , Arbor Realty Trust ABR and Derwent London Plc DWVYF . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Derwent London Plc (DWVYF): Free Stock Analysis Report To read this article on Zacks.com click here. The recently-acquired property consists of one industrial distribution building, which will comprise approximately 235,000 square feet on 8.7 acres, following the renovation by the end of next year. | Stocks to Consider Better-ranked stocks in the REIT space include Extra Space Storage Inc EXR , Arbor Realty Trust ABR and Derwent London Plc DWVYF . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Derwent London Plc (DWVYF): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . | Stocks to Consider Better-ranked stocks in the REIT space include Extra Space Storage Inc EXR , Arbor Realty Trust ABR and Derwent London Plc DWVYF . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Derwent London Plc (DWVYF): Free Stock Analysis Report To read this article on Zacks.com click here. Industrial REIT Terreno Realty CorporationTRNO is continuing with its efforts to capitalize on the healthy fundamentals in the industrial markets through the purchase of strategic properties in core markets. | Stocks to Consider Better-ranked stocks in the REIT space include Extra Space Storage Inc EXR , Arbor Realty Trust ABR and Derwent London Plc DWVYF . Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report Derwent London Plc (DWVYF): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . |
30258.0 | 2018-03-06 00:00:00 UTC | Arbor Realty Trust (ABR) Ex-Dividend Date Scheduled for March 07, 2018 | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-ex-dividend-date-scheduled-march-07-2018-2018-03-06 | nan | nan | Arbor Realty Trust ( ABR ) will begin trading ex-dividend on March 07, 2018. A cash dividend payment of $0.21 per share is scheduled to be paid on March 21, 2018. Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 10.53% increase over prior dividend payment.
The previous trading day's last sale of ABR was $8.64, representing a -3.89% decrease from the 52 week high of $8.99 and a 14.82% increase over the 52 week low of $7.53.
ABR is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) ( AMT ) and Simon Property Group, Inc. ( SPG ). ABR's current earnings per share, an indicator of a company's profitability, is $1.12. Zacks Investment Research reports ABR's forecasted earnings growth in 2018 as -13.46%, compared to an industry average of 1.9%.
For more information on the declaration, record and payment dates, visit the ABR Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABR through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABR as a top-10 holding:
iShares Trust ( REM ).
The top-performing ETF of this group is REM with an decrease of -11.35% over the last 100 days. It also has the highest percent weighting of ABR at 0.96%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. ABR is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) ( AMT ) and Simon Property Group, Inc. ( SPG ). Zacks Investment Research reports ABR's forecasted earnings growth in 2018 as -13.46%, compared to an industry average of 1.9%. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Arbor Realty Trust ( ABR ) will begin trading ex-dividend on March 07, 2018. Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABR was $8.64, representing a -3.89% decrease from the 52 week high of $8.99 and a 14.82% increase over the 52 week low of $7.53. For more information on the declaration, record and payment dates, visit the ABR Dividend History page. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABR as a top-10 holding: iShares Trust ( REM ). Arbor Realty Trust ( ABR ) will begin trading ex-dividend on March 07, 2018. |
30259.0 | 2018-02-26 00:00:00 UTC | Arbor Realty Trust (ABR) Q4 2017 Earnings Conference Call Transcript | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-q4-2017-earnings-conference-call-transcript-2018-02-26 | nan | nan | Arbor Realty Trust (NYSE: ABR)
Q4 2017 Earnings Conference Call
Feb. 23, 2018 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good day, ladies and gentlemen, and welcome to the Q4 2017 Arbor Realty Trust Earnings Conference Call. At this time, all participants are in the listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. If anyone should require assistance during the conference, please press *, then 0 on your touchtone telephone.
As a reminder, this conference may be recorded. I would like to introduce your host for today's conference, Paul Elenio, CFO. You may begin.
Paul Elenio -- Chief Financial Officer
OK, thank you, Glenda, and good morning, everyone, and welcome to the quarterly earnings call for Arbor Realty Trust. This morning we will discuss the results for the quarter and year ended December 31, 2017. With me on the call today is Ivan Kaufman, our president and chief executive officer. Before we begin, I need to inform you that statements made in this earnings call may be deemed forward-looking statements that are subject to risks and uncertainties, including information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans, and objectives.
These statements are based on our beliefs, assumptions, and expectations of our future performance, taking into account the information currently available to us. Factors that could cause actual results to differ materially from all these expectations in these forward-looking statements are detailed in our SEC report. Listeners are cautioned not to place undue reliance on these forward-looking statements which speak only as of today. Arbor undertakes no obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after today with the occurrences of unanticipated events.
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I'll now turn the call over to Arbor's president and CEO, Ivan Kaufman.
Ivan Kaufman -- Chief Executive Officer and Chairman
Thank you, Paul, and thanks to everyone for joining us on today's call. We're very excited today to discuss the significant success we've had in closing out 2017, as well as our plans and outlook for 2018. As you can see from this morning's press release, we had a very strong fourth quarter with tremendous operating results as we continued to make significant progress in growing out our platform, increasing our brand, and expanding our market presence. This has allowed us to once again increase our dividend ahead of schedule to $0.21 a share, or another 11% this quarter.
This is our fifth dividend increase in less than two years, reflecting a 40% increase over that time period and puts our dividend at the annual run rate of $0.84 a share. Additionally, we estimate that a significant reduction in corporate tax rates related to our agency business will result in an increase in our core earnings to around $0.04 to $0.05 a share in 2018. This significant benefit combined with the tremendous growth we experienced in the fourth quarter will allow us to continue to grow our core earnings run rate in 2018, resulting in an increase in core earnings and dividends in the future. Before I turn it over to Paul to take you through our financial results, I would like to talk about some of our significant 2017 accomplishments as well as our outlook for 2018.Our 2017 highlights are truly remarkable and exceeded our expectations.
Some of the more significant accomplishments included significant growth in our core earnings, allowing us to increase our dividend run rate to $0.84 a share, representing a 24% increase in 2017. And, again, we remain very optimistic that we'll be able to continue to grow dividend in future. Achieving a total shareholder return of 25% in 2017 and 40% for the last two years, producing record originations of $6.3 billion, a 37% increase from our record 2016 numbers, $4.5 billion from our agency business and $1.8 billion from our [Inaudible] lending platform, increasing our transitional balance sheet portfolio of 48% in 2017, finishing at 2.7 billion, growing our servicing portfolios to $16.2 billion, a 20% increase from 2016. Continuing to be a market leader in the nonrecourse securitization arena, closing three new CLOs total of $1.2 billion, all with significantly improved terms, resulting in substantially reduced debt cost and flexibility.
Effectively accessed accretive growth capital, raising $220 million, allowing us to fund our growing pipeline and substantially increase our core earnings and increasing our market cap to over $700 million and our equity base to $865 million in 2017. Again, these are truly incredible results, resulting in all aspect of one of the best years we've had since our inception, and we remain extremely optimistic on our outlook for 2018.Our agency business continues to flourish and our 2017 results are reflective of the tremendous success we've had in growing our platform. We originated $1.3 billion in loans in the fourth quarter and $4.5 billion in 2017, which was a new record year for us and representing 90% increase in agency buy-in as compared to 2016. We also finished as a top 10 Fannie Mae best lender for the 11th consecutive year, a distinction only one other best lender has achieved, and we're the No.
1 small-balance lender for Fannie Mae and the top small-balance lender for Freddie Mac as well. Additionally, we continue to leverage our significant origination platform and strong footprint in the GSE multifamily lending arena to increase our reach and broaden our products, allowing us to garner a larger portion of the overall lending market and greatly enhance the value of our franchise. As a result, the pipeline remains strong and we are extremely positive about our outlook for 2018 and confident that we're able to duplicate or even exceed our record originations number for 2017. The business continues to be extremely accretive to our core earnings and has contributed greatly to the substantial dividend growth we have experienced over a very short period of time.
This platform has also continued to significantly diversify and increase the stability and duration of our income streams. In fact, that GSE income represents approximately 70% of our total 2017 income sources, 50% which is comprised of reoccurring, predictable, long-dated mostly prepayment-protected servicing income of $16.2 billion servicing portfolio with a 48-basis-point [Inaudible] stream and an eight-year average life. Additionally, this business also provides a very durable growth platform while minimizing the potential impact of capital-markets and interest rate volatility, as we believe for all of these reasons we should trade at a premium value when compared to other mortgage REITs and specialty finance companies that do not have significant agency platforms. We also had an unbelievable year in our transitional balance lending business with a continued focus on growing our balance sheet while remaining extremely disciplined in our lending approach and are continuing to improve our nonrecourse finance vehicles.
We originated $786 million of loans in the fourth quarter and experienced $200 million of run-off, resulting in net portfolio growth of $586 million, or 27% for the fourth quarter. For 2017 we originated over $1.8 billion in loans and grew our portfolio balance by almost 50%. This is a significant growth considering we grew our portfolio at 16% for all of 2016. This growth greatly exceeded our expectations, has increased our core-earnings run rates substantially heading into 2018, and we're extremely confident that through our deep originations network, we may be able to continue to grow our transitional balance sheet portfolio in the future.
Another one of the keys to our success has been our ability to continue to enhance our nonrecourse financing vehicles, which is a critical component of our business strategy. We're very pleased to have closed our ninth and largest CLO-securitization vehicle, $480 million of assets in December. This was the third CLO that we closed in 2017, each of which had significantly reduced pricing from previous vehicles, allowing us to generate [Inaudible] returns in excess of 13% in our 2017 originations. This tremendous success continues to reflect our status as a market leader in the securitization arena, cultivating a loyal and growing base of investors that highly value our strong transaction performance and our diverse platform.
We now have five nonrecourse CLO-securitization vehicles with approximately $1.5 billion of nonrecourse debt, with replenishment periods going out as far as three years, allowing us to [Inaudible] fund our assets with nonrecourse liabilities to generate strong leveraged returns on our capital. Overall, we're extremely pleased with our 2017 results and the tremendous success we are having in greatly enhancing the value of our franchise. We're very excited about our ability to continue to grow our brand and our market presence. We're extremely positive about our outlook going forward, especially in our ability to continue to grow our core earnings and dividends while creating more diversity to building in predictability to our earnings streams.
We also believe we're significantly undervalued, which provides a substantial value opportunity to potential investors. We're a complete financial services operating franchise, which we believe differentiates us from [Inaudible] public lending and peers in our industry. As a result, we believe we should not only be trading at a premium top tier, but with a significant amount of our income sources coming from our GSE business, we believe our GSE platform should be guided more based on similar [Inaudible] other public GSE platforms, which would result in a significant increase in our current valuation. I will now turn the call over to Paul Elenio, who'll take you through our financial results.
Paul Elenio -- Chief Financial Officer
OK, thank you, Ivan. As our press release this morning indicated, we had an incredible fourth quarter in 2017. As a result, AFFO was $20.7 million, or $0.25 per share for the fourth quarter, and $83.9 million, or $1.04 per share for the full year 2017. This translates into an annualized return on average common equity of approximately 11% for both the fourth quarter and full year 2017.
As Ivan mentioned, we continue to put up record results and we are very pleased to have increased our dividend again this quarter. This is the fifth time we've increased our dividend in less than two years and represents a 40% increase over that time period. We're also extremely pleased with our fourth-quarter growth, which has increased our core-earnings run rate heading into 2018. Additionally, as Ivan mentioned earlier, the reduction in corporate tax rate from 35% to 21% will result in an increase in our after-tax earnings from our GSE business, which we estimate will increase our earnings and AFFO by approximately $0.04 to $0.05 a share in 2018 as well.
And we're now more confident than ever in our ability to continue to grow our core earnings and dividends in the future while creating a more stable, predictable, and recurring income stream from the significant portion of our earnings that are coming from our agency business. Looking at the results from our agency business, we generated approximately $29 million of income for the fourth quarter. We produced strong originations in our agency platform, closing $1.2 billion of loans in the fourth quarter, which is a 16% increase over our third-quarter volume, and we originated new record $4.5 billion in loans in 2017, which is a 19% increase over our previous record originations in 2016. Our fourth-quarter sales volume was also $1.2 billion, which is a 13% increase over our third-quarter sales volume.
The margin on our fourth-quarter sales was 1.48%, including miscellaneous fees, compared to a 1.63% all-in margin on our third-quarter sales, due to changes in the mix and size of our loan products, and we recorded commission expense of approximately 38% on our fourth-quarter gains on sales, as compared to 40% on our third-quarter gains. We also recorded $20.6 million of mortgage-servicing-rights income related to $1.2 billion of committed loans during the fourth quarter, representing an average mortgage-servicing-rights rate of around 1.77%, compared to 2% on our third-quarter committed loans of $928 million, mainly due to some larger loans in the fourth quarter that generally have lower servicing fees. Sales margins and MSR rates fluctuate primarily by GSE loan type and size, therefore changes in the mix of our loan-origination volumes may increase or decrease these percentages in the future. Our servicing portfolio also grew another 4% during the quarter and 20% in 2017, to $16.2 billion at December 31, 2017, with a weight average servicing fee of approximately 48 basis points and an estimated remaining life of approximately eight years.
This portfolio will continue to generate a significant, predictable annuity of income going forward, in excess of $75 million gross annually. Additionally, early run-off in our servicing book continues to produce large prepayment fees related to certain loans that have yield-maintenance provisions. This accounted for $4.9 million of prepayment fees in the fourth quarter, as compared to $3.8 million in the third quarter, and we received $12.7 million of prepayment feed for the full year ended 2017. These fees were recorded in servicing revenue, net of a write-off to the corresponding MSRs on these loans.
We also continue to increase our interest-earning deposits with nearly $500 million of escrow balances, earning slightly less than [Inaudible]. These balances provide a natural hedge against rising interest rates, as they will generate significant additional earnings power as rates increase. In fact, for every 1% increase in interest rates, these deposits could earn an additional $5 million annually, or approximately $0.05 a share in additional earnings. We did realize the benefit of approximately $6 million in our deferred-tax provision in the fourth quarter related to the revaluation of our net deferred-tax liabilities as of December 31, 2017, that is required under the new Tax Cuts and Jobs Act.
And as we mentioned earlier, the significantly reduced corporate tax rates will have a meaningful impact on our agency business going forward, which we believe can increase our overall AFFO by approximately $0.45 a share in 2018. So, clearly we had a tremendous 2017 in our agency business and, as Ivan mentioned, we're also very positive on our outlook for 2018.Now, I would like to talk about the results from our transitional balance sheet lending operations. We had an incredible 2017, finishing the year with a very strong fourth quarter, generating income of $7.1 million. We grew our investment portfolio to approximately $2.7 billion, or 48% in 2017, originating a record $1.4 billion of new investments for the year, $786 million of which closed in the fourth quarter.
This growth greatly exceeded our expectations and has increased our core-earnings run rate substantially heading into 2018, and we remain extremely confident that through our deep origination network, we will be able to continue to grow our transitional balance sheet portfolio in the future. Our $2.7 billion investment portfolio had an all-in yield of approximately 6.99% on December 31, 2017, which was up from the yield of around 6.4% on September 30, 2017, mainly due to an increase in LIBOR. The average balance in our core investments increased to $2.3 billion for the fourth quarter from $2 billion in the third quarter due to the significant growth we experienced in the fourth quarter. And the average yield on these investments was 6.94% for the fourth quarter, compared to 7.34% for the third quarter, largely due to approximately $2 million more in accelerated fees from early run-off in the third quarter as compared to the fourth quarter, as well as from lower rates in our fourth-quarter originations, which was partially offset by an increase in the average LIBOR rate during the quarter.
The total debt on our core assets is approximately $2.24 billion at December 31, 2017, when the all-in debt costs were approximately 4.83% compared to a debt cost of approximately 4.48% at September 30, 2017, mainly due to an increase in LIBOR as well as from our new convertible debt offering issued in the fourth quarter, which was partially offset by a reduction in interest costs associated with our ninth CLO vehicle that we closed in December. The average balance in our debt facilities increased to approximately $1.9 billion for the fourth quarter from approximately $1.62 billion for the third quarter, again, primarily due to financing our significant fourth-quarter growth. And the average cost to funds in our debt facilities decreased to approximately 4.66% for the fourth quarter, compared to 4.89% for the third quarter, mainly due to $1.1 million of non-cash fees we expensed related to the unwind of CLO 4 in the third quarter, combined with lower borrowing costs associated with our eighth CLO vehicle that we closed late in the third quarter, partially offset by an increase in LIBOR. Overall, net interest spreads on our core assets on a GAAP basis decreased to 2.28% this quarter, compared to 2.45% last quarter and our overall spot net interest spread decreased to 2.16% at December 31, 2017 from 2.36% at September 30, 2017, mainly due to the yields in the fourth-quarter run-off exceeding the yields in our fourth-quarter originations, as well as from our new convertible debt offering which carries a higher cost than our overall debt rate.
The average leverage ratio on our core lending assets, including the trust deferred and perpetual preferred stock as equity, was up to approximately 71% in the fourth quarter from around 67% in the third quarter and our overall debt-to-equity ratio on the spot basis including the trust preferreds and preferred stock as equity, was up to 2.1 to 1 at December 31, 2017 from 1.5 to 1 at September 30, 2017, largely due to our new convertible debt offering in the fourth quarter. We recorded a loss from our equity investments of $4.7 million in the fourth quarter, which was mostly due to a one-time nonrecurring expense of $5.5 million in the fourth quarter related to our portion of litigation settlement incurred by our residential mortgage banking joint venture, which is not part of our core business. And lastly, we are pleased to report that our $50 million seller-financing note was repaid in full on January 31, 2018, which completes the last step of the agency business acquisitions that has been so transformational for our franchise.That completes our prepared remarks for this morning, and I'll now turn back to the operator to take any questions you may have at this time. Glenda?
Questions and Answers:
Operator
Thank you. Ladies and gentlemen, at this time if you have a question, please press the *, then the number 1 key on your touchtone telephone. If your question has been answered or you wish to remove yourself from the queue, you may press the # key. To prevent any background noise, we ask that you please place your line on mute once your question has been stated.
And our first question comes from the line of Rick Shane from J.P.Morgan. Your line is now open.
Richard Shane -- J.P.Morgan -- Analyst
Thanks, guys, for taking my question. Really just want to understand two things. It feels like in the quarter there was an impact because you were doing larger transactions, and that caused a little bit of margin compression on gain on sale. You also, related to the structured business, talk about lower rates on originations.
Is that the same thing or are we seeing increased competitive pressures here?
Ivan Kaufman -- Chief Executive Officer and Chairman
This is Ivan. I'll address the transitional balance sheet and I'll let Paul speak to the margins. The transitional balance sheet business is extremely competitive, but we've been extremely effective in reducing our cost of [Inaudible] and creating greater flexibility and in effect doing larger loans. So, we believe that [Inaudible] able to maintain our margins, keep our credit quality [Inaudible] cheaper but [Inaudible] effective side of how we borrow, we've been able to manage that extremely effectively and that continues to be our strategy.
We feel we're in a cycle now where our concern is a bit on credit. So, we're maintaining our credit standards and if anything tightening them a bit. But our effectiveness in our CLO as well as our banking relationships has allowed us to be extremely more competitive in the field, more flexible in the field, and still build our volume. And in fact, we have tremendous synergies because majority of our bridge loans and the way we use our balance sheet ends up in having agency execution with returns that become exponential.
So, that side of our business, although competitive, I believe that we have some real strategic advantages in the market to allow us to continue to maintain our share in the market.Paul, do you want to address the margins on the agency business?
Paul Elenio -- Chief Financial Officer
Sure. So, Rick, it has to do with the mix of the volume and the mix of the GSE products. I think what I've guided people in the past to is a margin of anywhere from 140 to 150. This quarter we came in just in that range, a little bit lighter than the prior quarter, but it really has to do with mix.
We did some larger loans that carry a smaller margin. We had more FHA sales last quarter than we did this quarter, and that timing is very unpredictable with the FHA business, but they carry a higher margin than the other GSE business. So, it just has to do with mix of products, size of products, and, again, I think the right range for us going forward is anywhere from 140 to 150 on an all-in margin on the GSE business. I think, just to add to Ivan's comments about the competitiveness in the structured business and how we've been able to effectively compete with the lower borrowing costs, this quarter we did have lower yields on our originations than last quarter or than the run-off, but the run-off had some subordinated paper in it that ran off and they're unleveraged.
So, they have higher gross rates, but on a levered-return basis, we still did generate on a levered-return basis for our fourth-quarter originations even with the competitive pressures a 13% levered return, which we think is very strong, and that's all due to the improvements we've made on the financing side, both in the leverage and in the cost-of-funds reduction.
Richard Shane -- J.P.Morgan -- Analyst
Got it. OK, and Ivan's question actually was a perfect segue to my follow-up, which is that we did see the leverage in the structured business on your balance sheet increase. Are you more comfortable with the CLO structure and the facets of that financing, running that business with higher leverage going forward?
Ivan Kaufman -- Chief Executive Officer and Chairman
We're very comfortable on the CLO side with higher leverage and, as we've talked about in the past, our CLOs are senior debt primarily, and, I mean, 100% senior debt, and where the execution on the senior debt is generally an agency takeout and sized to an agency takeout, with the right structural enhancements. So, we're very, very comfortable with the bridge loans we're originating, and we're very comfortable with the structures we have, and the way these assets fit into those structures.
Paul Elenio -- Chief Financial Officer
And just to add to add a little to that, the leverage was up a little bit during the quarter for a few reasons. As Ivan mentioned, we're very comfortable with the increased leverage we're getting on the securitizations, they're nonrecourse and very flexible. But leverage is also up a little bit because of the new convert we did and that convert really, in my mind and I think in Ivan's mind, in lieu of equity capital it was growth capital for us. So, it does distort a little bit the leverage but really that was like in lieu of equity capital to grow.
Richard Shane -- J.P.Morgan -- Analyst
Got it. Thank you, guys, very much.
Operator
Thank you. And our next question comes from the line of Jade Rahmani from KBW. Your line is now open.
Jade Rahmani -- Keefe, Bruyette, and Woods -- Analyst
Thanks very much. Can you elaborate on the comments you just made with respect to increased concern on credit?
Ivan Kaufman -- Chief Executive Officer and Chairman
I think there's a lot of liquidity in the markets if you look in the newspapers and [Inaudible] and all the reports, there's always another debt fund coming out, and a lot of the debt funds are competing on credit. They're new players, and there are two ways to compete in the market and especially if you don't have a brand or a franchise or a loyal customer base, and one is price and the other is credit. And people who don't have the footprint or the expertise tend to compete more on the credit side. We've chosen at this point where we are in the cycle to put our efforts in competing more on the price side and we'd been able to do that because of our capability in the debt side of the market and also the synergies with our agency business.
When we originate a loan, not only do we make the earnings on the spread but we're also able to make the earnings on when we convert that into the agency business, which is not reflected in our levered returns. So we're just in a very strategic position to do it. Our balance sheet's approaching $3 billion, very sizable, due to huge economies in the market both on the CLO side as well as with our banking relationships, and our brand and our history gives us a strategic advantage. So, that's how we were able to originate more last year.
That's how we feel we'll be able to maintain our market share and probably grow market share this year as well.
Jade Rahmani -- Keefe, Bruyette, and Woods -- Analyst
And are seeing in the loosening in the market driving compromises on structure or is it on higher leverage?
Ivan Kaufman -- Chief Executive Officer and Chairman
I think from a common-sense standpoint, the more players you have in the market, the more competitive pressures, that there's always some level of deterioration. So, what we try and do is stay away from new sponsors -- you'll see a lot of the new debt funds go after some of the new sponsors. You'll see them go a little bit on the margin on the credit side and that's just normal course of where were are in the cycle.
Jade Rahmani -- Keefe, Bruyette, and Woods -- Analyst
In terms of borrower sentiment with increasing interest rate expectations, have you seen any changes in terms of transaction pipelines, any deals, having to retrade or closings being pushed out because fixed-rate spreads have widened?
Ivan Kaufman -- Chief Executive Officer and Chairman
People are definitely scrambling. There's more capitalization in some of these transactions and people are trying to figure out how to take transactions that they wanted to contract in December but they're closing now and scramble to get them done. The numbers are different, different than they anticipated. So they're working it through, they're getting less proceeds.
They're seeking more equity capital. They're doing what they can to try and make their transactions work. So there's definitely a mathematical adjustment going on. That's going to have to result in some greater equization in some of these transactions or a retrade in the purchase price, some of which is taking place now.
Jade Rahmani -- Keefe, Bruyette, and Woods -- Analyst
So in terms of the sort of outlook for the GSE business, do you think that 1Q, potentially 2Q, could be soft in terms of volumes as everyone digests higher rates and sees what the Fed has planned and then a pickup later in the year?
Ivan Kaufman -- Chief Executive Officer and Chairman
I don't think that the GSE business is going to be bigger than last year as an overall market. I think what we're looking at is, before the rate increase, they were projecting the same, a little bit more. I would say that the market's going to be same, a little bit less. We don't know where the rest of the market is.
We have a significant pipeline. Our pipeline's very consistent with last year, but I definitely think we'd watch interest rates and see how that would affect the overall business. The business is broken up into of course the purchase business, which I think has slowed a little bit, slowed a little bit last year, but the refinance business is a very active part of the market. A lot of loans are of five-, seven- to 10-year durations, which constantly come up for refinance, they have to be refinanced.
So the question is, how is that market going to be refinanced? Is there going to be a little more equity capitalization? Are people going to change their product mix a little bit, instead of going for 10- and 12-year loans, maybe they go for shorter duration with lower interest rates. Not sure how it's all going to fall, but right now our pipeline is somewhat consistent with where it was last year.
Paul Elenio -- Chief Financial Officer
Yeah. And I think I could add a little color to that, Jade, some numbers, and Ivan's right, it's very consistent. We did originate $350 million of loans in GSE in January. We're expecting to do another 350 in February.
So that'll put us about 700. So, I think we're on pace to do 1 to 1.1 billion and that puts us on pace to what we did last year and I think we'll have the ability, hopefully, to grow that over the life of the year. As far as the numbers for the first quarter, I think, you guys, the analysts get the math. We did sell some more loans, as you saw in our commentary, in the fourth quarter than we expected from the agency business.
So we have a little bit less of a held-to-sale balance going into the first quarter than we normally see or what is traditional. So, the gain on sale dollars may be lighter in the first quarter than they are in other quarters but, again, from a volume perspective, we're on pace to do what we did last year and maybe even more.
Jade Rahmani -- Keefe, Bruyette, and Woods -- Analyst
Thanks. Just a bigger-picture question. I see you've raised the dividend again. On the asset management side we've seen some companies contemplate converting to C corps, and with the lower corporate tax rate, is there any rationale to consider converting to a C corp considering the amount of Tier S income that you're generating?
Paul Elenio -- Chief Financial Officer
It is something that we always consider and look at, but it's not something we've done an extensive analysis on yet. Right now we're very comfortable operating the businesses the way we are in the restructure. People do get to benefit now under the new tax code with the reduced rates on the dividends being received and we have the TRS business. So, we understand your point.
The TRS business is large and growing. That's something we will always look at but right now it's not something that's in our sights.
Jade Rahmani -- Keefe, Bruyette, and Woods -- Analyst
Thanks very much for taking the questions.
Operator
Thank you. And our next question comes from the line of George Bahamondes from Deutsche Bank. Your line is now open.
George Bahamondes -- Deutsche Bank -- Analyst
Hey, guys, good morning. So, just a question on the transitional business. I noticed $754 million in bridge loans in 4Q across about 30 or so loans. That's about $25 million on average in terms of loan size.
Were there few larger loans driving that $754 million or is this $25 million representative of the loans that you originated during the quarter?
Ivan Kaufman -- Chief Executive Officer and Chairman
We're definitely doing larger loans. We did, I think, two significantly larger loans. So, given our facilities and size of our facilities, the growth of our capital has allowed us to work on these larger loans. So, no question that our average balance loan, I think it might've even doubled over last year.
So, that's very, very beneficial and we're pleased to be able to work in that category. Paul, any comment on that?
Paul Elenio -- Chief Financial Officer
Yeah, I think Ivan's right. We almost doubled our loan size from last year. I think, last year we had an average loan size of about $12 million. This year it's up to $20 million.
We did $1.8 billion on 93 units, and last year we did 117% less than that on 70 units. Definitely our loan size has grown. To your comment on the quarter, we did have four loans that I'm looking at that were greater than $50 million in the quarter and two that were greater than $100 million. So we did have some larger loans in the quarter, but overall, our loan balance, our average loan size has grown pretty significantly, an average $20 million for the year.
George Bahamondes -- Deutsche Bank -- Analyst
Great. OK, thanks for the color.
Operator
Thank you. And our next question comes from the line of the Steve Delaney from JMP Securities. Your line is now open.
Steve Delaney -- JMP Securities -- Analyst
Thanks. Good morning and congratulations on an outstanding quarter and year for sure. Ivan, when we look at the progress, the lending progress on both sides of the business, would you say that it is a function more of the people that you may have added or have, or is it more a function of like the products, the product set you have now and the technology platform? What is allowing you to drive this kind of dramatic growth in lending?
Ivan Kaufman -- Chief Executive Officer and Chairman
Steve, there's no one answer to that. We run a very diverse franchise and we've been growing our originations platform organically. It takes years. So, I'd say, four years ago you probably had six or eight core loan originators.
Today we probably have 14 to 16 core originators. All of our guys, almost all of them, are home-grown. It takes three to five years to train these guys. It takes 10 people to get two, and we've made those investments.
We touched on earlier the ability to do larger loans. We didn't have the capital and we didn't have the brand in that area. We invested in building our balance sheet and our technology, and we're now seeing the benefits of doing larger and larger loans. Our brand is just getting stronger and stronger and stronger.
Our product diversity is getting greater and greater and greater. Five years ago, we weren't a Freddie Mac's small-balance lender -- there was no program. But we developed that program with Freddie Mac and we're the leader in that space. So, in building a business, and we talk about this very frequently, we're not a mortgage REIT that just does balance-sheet loans and on the treadmill where you put them on, they get paid off in two, three, four years and you put another one on.
We have an agency business. The synergies between the agency business and the regular business are exponential, and we keep building the depth of that business and investing in it, and I believe our brand is getting stronger. And the amount of business that we generate from our balance sheet that spins into our agency business and the amount of business now that we're generating from the run-off from our own servicing portfolio generates a continued source of new originations and that will continue to build and build and build. So, we've invested very, very heavily in multiple aspects of our business and we'll continue to do so.
Steve Delaney -- JMP Securities -- Analyst
That's helpful. Thank you, Ivan. Just one other -- you covered a lot of ground already, so I won't beat those items to death, but just one final thing I noticed, for Paul, just looking at the legacy credit, Paul, the nonperforming loans, looks like it declined to just two loans at year-end from five at September 30. Can you talk about what went on with things being repaid or reclassified to performing would account for that decrease?
Paul Elenio -- Chief Financial Officer
Yeah, Steve, that's great. We had one loan pay off that was nonperforming. So that came out of nonperforming and we were paid in full. We had another loan become performing that was temporarily nonperforming.
And then we just had another loan that we had fully reserved that was nonperforming. It's been on the books for a long time and just cleanup, we wrote it off against the asset for GAAP purposes, but that's the driving force between the two numbers from year-end 2017.
Steve Delaney -- JMP Securities -- Analyst
OK, great. And thanks for the clarity on the tax law impact. That's helpful for us for modeling. Appreciate it, guys.
Operator
Thank you. And our next question comes from the line of Lee Cooperman with Omega Advisors. Your line is now open.
Leon Cooperman -- Omega Advisors -- Chief Executive Officer and Chairman
Thank you. Just four questions, so just get them out. One, how do you view your capital position presently? Do you feel you have adequate capital or do you have more demand for, or more opportunities than you have capital? Second, I think you touched on this, Ivan, but exposure to rising rates, if I assume that the Fed raised a quarter-point three to four times this year, what would the net effect be on [Inaudible] book. Third, I assume the dividend increase you would not have undertaken unless you felt it was sustainable.
So, back into sustainable ROE, the way you intend to run the business, what kind of returns do you think it'll generate on the shareholders' book value? And fourth is just an administrative question. The 6.5% converts which mature in 2019 -- under what conditions can you call them? I know they convert around 835 but can you force conversion?
Ivan Kaufman -- Chief Executive Officer and Chairman
I'll address a couple of them and turn it over to Paul. [Crosstalk] I'll take the easy ones and leave the tough stuff to Paul. With respect to rising interest rates, as you know, we're a LIBOR-based lender and when LIBOR rises, it's actually beneficial to us, very beneficial. So we're OK with that.
We're good with that. We also have about $500 million in escrow balances and to the extent LIBOR rises on a dollar-for-dollar basis, we increase earnings. If LIBOR goes up 1 point, I believe that's about $5 million or more income, which is probably another $0.05 or $0.06 in earnings. So we're pretty well-positioned for rising interest rates relative to earnings.
The key, of course, is keeping an eye on credit, making sure we have the right LIBOR caps on our books and making sure we have the right [Inaudible] with the right depth. If there is a rise and there's some level of capitalization, then right now our delinquency rates in our portfolio and our performance is even better than what was underwritten. So, that part of our book is really in great shape. From capital, we raised a good amount of capital last year in the proper forms.
We think in order to continue to grow our book, we're always looking at effective ways to raise capital, whether it be CLOs, all the debt instruments, and where appropriate and if appropriate, if our stock price is trading at the right level and it's accretive to us, we're always looking at that, but at the moment in time we're in pretty good shape. Paul, do you want to take the rest?
Paul Elenio -- Chief Financial Officer
Sure. So, Ivan's commentary on the rising rates, I think, is right on. The one thing I will add, Lee, is 88% of our book is floating on the structured side, the $2.7 billion. So not only will we see an increase in earnings from the escrow balances, but if LIBOR ran up 50 basis points, it's about a $2 million accretion to net interest income on our structured book as well, because so much of it is floating both on the debt and on the asset side.
As far as your comments on the dividend, obviously we think that dividend is very sustainable. We actually think we'll be able to grow it in the future. We talked about in our commentary the significant benefit we're going to receive in our agency business from the lower tax rates, also the growth we had at the end of the year and what we think we'll be able to continue to grow our structured book. We think the dividend is very sustainable and it's at a pretty low pay rate.
So, we do think over time, we'll be slow and steady, but over time we will be able to continue to grow that. As far as the ROEs on the business, we talked about this a lot, Lee, and we've always said we'd like to run between 10% and 12% ROE. We came in 11% this year. Obviously, the agency business has a higher ROE than the structured business but they're interrelated and they're cohesive and they feed off each other, and we do think with the growth we had this year, we have scale in our structured portfolio, in our structured business.
So, we do think we'll continue to grow that business with very incremental increase in our cost, in our compensation. So we do think there's scale in that business. We do think the additional leverage and the reduced borrowing costs could even drive a higher combined ROE going forward. So that 10% to 12%, we're right there and maybe with a little time here we can get that even higher.
So we're very comfortable operating in the 10% to 12% and hopefully even higher in the future. Your last point, I think, was on the convert. I don't believe we have the right to force a convert early. We may a couple of months prior to the maturity but that's not something that's in our control.
We can't force the convert early.
Leon Cooperman -- Omega Advisors -- Chief Executive Officer and Chairman
Good. Thank you very much for your responses and good luck and congratulations on a very good 2017.
Operator
Thank you. And we have a follow-up question from the line of Jade Rahmani from KBW. Your line is now open.
Ryan Thomas -- Keefe, Bruyette, and Woods -- Analyst
Good morning. It's actually Ryan Thomas, along for Jade. Thanks for taking the follow-up. Just dovetailing off the earlier question, maybe you can quantify the amount of spread compression you've seen on the balance sheet side over the past two quarters and perhaps give where incremental spreads are on loans you're originating today maybe in the current quarter and the last quarter.
Ivan Kaufman -- Chief Executive Officer and Chairman
Can you repeat the first part of that question? It got cut off.
Ryan Thomas -- Keefe, Bruyette, and Woods -- Analyst
Just perhaps if you can quantify on a BPS basis how much spread compression you've seen on the balance sheet side on incremental loans over the past two quarters.
Ivan Kaufman -- Chief Executive Officer and Chairman
Yeah, I would say that that's happened over a period of time. I would say that it's been anywhere, depending on the asset class, where you are in the capital structure, anywhere between 25 to 75 basis points of spread compression on the lending side. So I would say effectively on a bridge lending side the tightest we probably ever got was 350 over, so maybe 350 to 500 was the range, and that was tightened up from what was, we probably never went below four for a while. So we were probably 400 to 600.
That's probably the range of tightening that took place over a 12- to 18-month period of time. And that's probably where we are right now. The larger the loans, the higher-quality the loans, the more pressure there is. As you know, we traffic in, do a lot of smaller loans, and there's less spread compression on that side.
That hasn't tightened as much, but I would say 25 to 75 basis points was probably the range we've seen.
Ryan Thomas -- Keefe, Bruyette, and Woods -- Analyst
And just going back to ROEs, despite the strong pre-expense ROE that you cited, the low teens, for the balance sheet business, it seems like after incorporating corporate overhead, ROEs are running in the mid-single digits if you look at the helpful segment breakouts that you provide. So maybe can you outline some factors that are depressing that? You mentioned thoughts on growing the structured business effectively, which would further rationalize the G&A base and maybe what amount, if any, is being tied up in these remaining nonperforming and underperforming assets?
Paul Elenio -- Chief Financial Officer
Sure, Ryan. It's Paul. I think it's a good question but, again, the segment information is helpful and it's a GAAP requirement, but we don't really view the businesses that way. We view them very cohesive, very interrelated and feeding off each other.
So it's not easy to allocate the expenses completely appropriate between each segment. We do our best on the GAAP, but people work on both of the businesses, so it's not easy to do that. But if you did look at it the way we presented it for GAAP, there are a couple of driving factors that, I think, will grow that ROE meaningful, as I mentioned in my commentary and in answer to Lee's question, the scalability of the business on the structured side is very important to us, to be able to grow that portfolio to get it over $3 billion and not add much incremental cost to do so, will grow that ROE significantly, the additional leverage and maybe more importantly reduced interest costs we have, will continue to generate the ROE. And, as you mentioned, we do have about $100 million tied up in two legacy assets that's not earning any interest currently.
One of them we're in the process of liquidating and we're hopeful we'll get that done by maybe the second half of '18 and put that $30 million back into our flow and drive a significant return and the other is the Lake Tahoe asset we have, and we're working on monetizing that as well. So over time, as we get that $100 million deployed, and it'll take some time, back into our normal flow, that will certainly help us drive a significant amount of increase in the ROE.
Ivan Kaufman -- Chief Executive Officer and Chairman
I do look forward to 2018. I think there's less volume and I think it'll put us in a better position to manage our employment costs, which have been very difficult to manage in such a competitive environment. And in 2016 and 2017, as you know, wages maintained a very large portion of our expense ratio, and I do think that if there's a little softness in the market on an employment basis, we'll be able to manage our employment costs a little bit more effectively.
Ryan Thomas -- Keefe, Bruyette, and Woods -- Analyst
Great. Thanks for taking the follow-up.
Operator
Thank you. And that concludes the question-and-answer session for today. I'd like to turn the call back over to management for closing remarks.
Ivan Kaufman -- Chief Executive Officer and Chairman
Well, thank you for your questions and thank you for your time and certainly your support during 2017, and I really look forward to another great year at Arbor Realty Trust. Have a good day, everybody.
Operator
Ladies and gentlemen, thank you for your participation in today's conference. This concludes the program and you may now disconnect. Everyone have a great day.
Duration: 52 minutes
Call Participants:
Paul Elenio -- Chief Financial Officer
Ivan Kaufman -- Chief Executive Officer and Chairman
Richard Shane -- J.P.Morgan -- Analyst
Jade Rahmani -- Keefe, Bruyette, and Woods -- Analyst
George Bahamondes -- Deutsche Bank -- Analyst
Steve Delaney -- JMP Securities -- Analyst
Leon Cooperman -- Omega Advisors -- Chief Executive Officer and Chairman
Ryan Thomas -- Keefe, Bruyette, and Woods -- Analyst
More ABR analysis
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (NYSE: ABR) Q4 2017 Earnings Conference Call Feb. 23, 2018 10:00 a.m. Duration: 52 minutes Call Participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- Chief Executive Officer and Chairman Richard Shane -- J.P.Morgan -- Analyst Jade Rahmani -- Keefe, Bruyette, and Woods -- Analyst George Bahamondes -- Deutsche Bank -- Analyst Steve Delaney -- JMP Securities -- Analyst Leon Cooperman -- Omega Advisors -- Chief Executive Officer and Chairman Ryan Thomas -- Keefe, Bruyette, and Woods -- Analyst More ABR analysis This article is a transcript of this conference call produced for The Motley Fool. As you can see from this morning's press release, we had a very strong fourth quarter with tremendous operating results as we continued to make significant progress in growing out our platform, increasing our brand, and expanding our market presence. | Duration: 52 minutes Call Participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- Chief Executive Officer and Chairman Richard Shane -- J.P.Morgan -- Analyst Jade Rahmani -- Keefe, Bruyette, and Woods -- Analyst George Bahamondes -- Deutsche Bank -- Analyst Steve Delaney -- JMP Securities -- Analyst Leon Cooperman -- Omega Advisors -- Chief Executive Officer and Chairman Ryan Thomas -- Keefe, Bruyette, and Woods -- Analyst More ABR analysis This article is a transcript of this conference call produced for The Motley Fool. Arbor Realty Trust (NYSE: ABR) Q4 2017 Earnings Conference Call Feb. 23, 2018 10:00 a.m. Achieving a total shareholder return of 25% in 2017 and 40% for the last two years, producing record originations of $6.3 billion, a 37% increase from our record 2016 numbers, $4.5 billion from our agency business and $1.8 billion from our [Inaudible] lending platform, increasing our transitional balance sheet portfolio of 48% in 2017, finishing at 2.7 billion, growing our servicing portfolios to $16.2 billion, a 20% increase from 2016. | Duration: 52 minutes Call Participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- Chief Executive Officer and Chairman Richard Shane -- J.P.Morgan -- Analyst Jade Rahmani -- Keefe, Bruyette, and Woods -- Analyst George Bahamondes -- Deutsche Bank -- Analyst Steve Delaney -- JMP Securities -- Analyst Leon Cooperman -- Omega Advisors -- Chief Executive Officer and Chairman Ryan Thomas -- Keefe, Bruyette, and Woods -- Analyst More ABR analysis This article is a transcript of this conference call produced for The Motley Fool. Arbor Realty Trust (NYSE: ABR) Q4 2017 Earnings Conference Call Feb. 23, 2018 10:00 a.m. Achieving a total shareholder return of 25% in 2017 and 40% for the last two years, producing record originations of $6.3 billion, a 37% increase from our record 2016 numbers, $4.5 billion from our agency business and $1.8 billion from our [Inaudible] lending platform, increasing our transitional balance sheet portfolio of 48% in 2017, finishing at 2.7 billion, growing our servicing portfolios to $16.2 billion, a 20% increase from 2016. | Duration: 52 minutes Call Participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- Chief Executive Officer and Chairman Richard Shane -- J.P.Morgan -- Analyst Jade Rahmani -- Keefe, Bruyette, and Woods -- Analyst George Bahamondes -- Deutsche Bank -- Analyst Steve Delaney -- JMP Securities -- Analyst Leon Cooperman -- Omega Advisors -- Chief Executive Officer and Chairman Ryan Thomas -- Keefe, Bruyette, and Woods -- Analyst More ABR analysis This article is a transcript of this conference call produced for The Motley Fool. Arbor Realty Trust (NYSE: ABR) Q4 2017 Earnings Conference Call Feb. 23, 2018 10:00 a.m. Paul Elenio -- Chief Financial Officer OK, thank you, Glenda, and good morning, everyone, and welcome to the quarterly earnings call for Arbor Realty Trust. |
30260.0 | 2018-01-18 00:00:00 UTC | Validea John Neff Strategy Daily Upgrade Report - 11/8/2018 | ABR | https://www.nasdaq.com/articles/validea-john-neff-strategy-daily-upgrade-report-1182018-2018-01-18 | nan | nan | The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff . This strategy looks for firms with persistent earnings growth that trade at a discount relative to their earnings growth and dividend yield.
ARBOR REALTY TRUST INC ( ABR ) is a small-cap value stock in the Construction Services industry. The rating according to our strategy based on John Neff changed from 60% to 79% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arbor Realty Trust, Inc. is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. Its segments include Structured Business and Agency Business. In addition, the Company may also directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. It focuses on investment types, such as Bridge Financing, Mezzanine Financing, Junior Participation Financing and Preferred Equity Investments. It offers bridge financing products to borrowers, typically seeking short-term capital to use in an acquisition of property. It offers mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower's equity in a transaction.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
SPARK ENERGY INC ( SPKE ) is a small-cap value stock in the Natural Gas Utilities industry. The rating according to our strategy based on John Neff changed from 62% to 81% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Spark Energy, Inc. is an independent retail energy services company. The Company provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment. The Retail Natural Gas segment consists of natural gas sales to, and natural gas transportation and distribution for, residential and commercial customers. It purchases natural gas supply through physical and financial transactions with market counterparts and supplies natural gas to residential and commercial consumers pursuant to fixed-price and variable-price. The Retail Electricity segment consists of electricity sales and transmission to residential and commercial customers. The Company has approximately 774,000 renewable energy credits (RCEs). As of July 5, 2017, the Company operates in 94 utility service territories across 19 states and the District of Columbia.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on John Neff has returned 132.74% vs. 153.07% for the S&P 500. For more details on this strategy, click here
About John Neff : While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. He was mild-mannered and low-key, and the same might be said of the Windsor Fund that he managed for more than three decades. In fact, Neff himself described the fund as "relatively prosaic, dull, [and] conservative." There was nothing dull about his results, however. From 1964 to 1995, Neff guided Windsor to a 13.7 percent average annual return, easily outpacing the S&P 500's 10.6 percent return during that time. That 3.1 percentage point difference is huge over time -- a $10,000 investment in Windsor (with dividends reinvested) at the start of Neff's tenure would have ended up as more than $564,000 by the time he retired, more than twice what the same investment in the S&P would have yielded (about $233,000). Considering the length of his tenure, that track record may be the best ever for a manager of such a large fund.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ARBOR REALTY TRUST INC ( ABR ) is a small-cap value stock in the Construction Services industry. The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff . The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. | ARBOR REALTY TRUST INC ( ABR ) is a small-cap value stock in the Construction Services industry. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. It focuses on investment types, such as Bridge Financing, Mezzanine Financing, Junior Participation Financing and Preferred Equity Investments. | ARBOR REALTY TRUST INC ( ABR ) is a small-cap value stock in the Construction Services industry. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. The Retail Natural Gas segment consists of natural gas sales to, and natural gas transportation and distribution for, residential and commercial customers. | ARBOR REALTY TRUST INC ( ABR ) is a small-cap value stock in the Construction Services industry. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment. |
30261.0 | 2018-01-16 00:00:00 UTC | Zacks.com highlights: Arbor Realty Trust, Simpson Manufacturing and Atara Biotherapeutics | ABR | https://www.nasdaq.com/articles/zacks.com-highlights%3A-arbor-realty-trust-simpson-manufacturing-and-atara-biotherapeutics | nan | nan | For Immediate Release
Chicago, IL - Jan 16, 2018 - Stocks in this week's article include: Arbor Realty Trust, Inc. ABR , Simpson Manufacturing Co., Inc.SSD and Atara Biotherapeutics, Inc.ATRA .
Screen of the Week of Zacks Investment Research:
3 Stocks in Focus on New Analyst Coverage
The importance of coverage initiation on a stock by analyst(s) can be well traced by its significant role in interpreting information pertaining to capital markets, thereby creating value for investors. Lack of information creates inefficiencies that might trigger misinterpretation of stocks (over- or under-valued).
In fact, coverage initiation usually depicts increased investor inclination. Investors, on their part, often assume that there is something in the stock that has attracted analyst attention. In other words, they believe that the company coming under the microscope definitely has some value.
Obviously, stocks are not arbitrarily chosen to cover. New coverage on a stock usually reflects an encouraging future envisioned by the analyst(s). At times, increased investor focus on a stock motivates analysts to take a closer look at it.
However, the average change in broker recommendation is preferred over a single recommendation change.
Analyst Coverage & Price Movement
It is interesting to note that the price movement is generally a function of recommendations from new analysts. Stocks typically see an upward price movement with a new analyst coverage compared to what they witness with a rating upgrade under an existing coverage.
Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations. On the contrary, analysts hardly initiate coverage with a Strong Sell or Sell recommendation.
Now, if an analyst issues a new recommendation on a company that has very few or no existing coverage, investors start paying more attention to it. Also, any new information attracts portfolio managers to build a position in the stock.
So, it's a good strategy to bet on stocks that have seen increased analyst coverage over the last few weeks.
And that's what we're screening for today…
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/288811/3-stocks-in-focus-on-new-analyst-coverage
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Simpson Manufacturing Company, Inc. (SSD): Free Stock Analysis Report
Atara Biotherapeutics, Inc. (ATRA): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL - Jan 16, 2018 - Stocks in this week's article include: Arbor Realty Trust, Inc. ABR , Simpson Manufacturing Co., Inc.SSD and Atara Biotherapeutics, Inc.ATRA . Click to get this free report Simpson Manufacturing Company, Inc. (SSD): Free Stock Analysis Report Atara Biotherapeutics, Inc. (ATRA): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. | For Immediate Release Chicago, IL - Jan 16, 2018 - Stocks in this week's article include: Arbor Realty Trust, Inc. ABR , Simpson Manufacturing Co., Inc.SSD and Atara Biotherapeutics, Inc.ATRA . Click to get this free report Simpson Manufacturing Company, Inc. (SSD): Free Stock Analysis Report Atara Biotherapeutics, Inc. (ATRA): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations. | Click to get this free report Simpson Manufacturing Company, Inc. (SSD): Free Stock Analysis Report Atara Biotherapeutics, Inc. (ATRA): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - Jan 16, 2018 - Stocks in this week's article include: Arbor Realty Trust, Inc. ABR , Simpson Manufacturing Co., Inc.SSD and Atara Biotherapeutics, Inc.ATRA . Screen of the Week of Zacks Investment Research: 3 Stocks in Focus on New Analyst Coverage The importance of coverage initiation on a stock by analyst(s) can be well traced by its significant role in interpreting information pertaining to capital markets, thereby creating value for investors. | For Immediate Release Chicago, IL - Jan 16, 2018 - Stocks in this week's article include: Arbor Realty Trust, Inc. ABR , Simpson Manufacturing Co., Inc.SSD and Atara Biotherapeutics, Inc.ATRA . Click to get this free report Simpson Manufacturing Company, Inc. (SSD): Free Stock Analysis Report Atara Biotherapeutics, Inc. (ATRA): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Screen of the Week of Zacks Investment Research: 3 Stocks in Focus on New Analyst Coverage The importance of coverage initiation on a stock by analyst(s) can be well traced by its significant role in interpreting information pertaining to capital markets, thereby creating value for investors. |
30262.0 | 2018-01-15 00:00:00 UTC | 3 Stocks in Focus on New Analyst Coverage | ABR | https://www.nasdaq.com/articles/3-stocks-in-focus-on-new-analyst-coverage-2018-01-15 | nan | nan | The importance of coverage initiation on a stock by analyst(s) can be well traced by its significant role in interpreting information pertaining to capital markets, thereby creating value for investors. Lack of information creates inefficiencies that might trigger misinterpretation of stocks (over- or under-valued).
In fact, coverage initiation usually depicts increased investor inclination. Investors, on their part, often assume that there is something in the stock that has attracted analyst attention. In other words, they believe that the company coming under the microscope definitely has some value.
Obviously, stocks are not arbitrarily chosen to cover. New coverage on a stock usually reflects an encouraging future envisioned by the analyst(s). At times, increased investor focus on a stock motivates analysts to take a closer look at it.
However, the average change in broker recommendation is preferred over a single recommendation change.
Analyst Coverage & Price Movement
It is interesting to note that the price movement is generally a function of recommendations from new analysts. Stocks typically see an upward price movement with a new analyst coverage compared to what they witness with a rating upgrade under an existing coverage. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations. On the contrary, analysts hardly initiate coverage with a Strong Sell or Sell recommendation.
Now, if an analyst issues a new recommendation on a company that has very few or no existing coverage, investors start paying more attention to it. Also, any new information attracts portfolio managers to build a position in the stock.
So, it's a good strategy to bet on stocks that have seen increased analyst coverage over the last few weeks.
Screening Criteria
Number of Broker Ratings now greater than the Number of Broker Ratings four weeks ago (This will shortlist stocks that have recent new coverage).
Average Broker Rating less than Average Broker Rating four weeks ago ('Less than' means 'better than' four weeks ago).
Increased analyst coverage and improving average rating are the primary criteria of this strategy but one should consider other relevant parameters to make the strategy foolproof.
Here are the other screening parameters:
Price greater than or equal to $5 (as a stock below $5 will not likely create significant interest for most investors).
Average Daily Volume greater than or equal to 100,000 shares (if volume isn't enough, it will not attract individual investors).
Here are three stocks that passed the screen:
Arbor Realty Trust, Inc.ABR invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. This Zacks Rank #3 (Hold) stock has gained 12.6% in a year, outperforming its industry 's gain of just 0.1%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
The company has also performed well on the earnings front, beating the Zacks Consensus Estimate in the trailing four quarters with average positive surprise of 31.89%. The stock has seen earnings estimates move up 10% for 2018 over the past 90 days, depicting the stock's potential to scale higher.
Simpson Manufacturing Co., Inc.SSD , through its subsidiaries, designs, engineers, manufactures, and sells building construction products. This Zacks Rank #3 stock has seen earnings estimates rise 13.1% for 2018 over the past 90 days. The stock has gained more than 32% in a year, outperforming its industry 's gain of 27%.
Atara Biotherapeutics, Inc . ATRA , a clinical-stage biopharmaceutical company, has gained 90.9% in the past year, while its industry grew 1.5%. Earnings estimates for 2018 have remained stable for the last 60 days.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are three stocks that passed the screen: Arbor Realty Trust, Inc.ABR invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. Click to get this free report Simpson Manufacturing Company, Inc. (SSD): Free Stock Analysis Report Atara Biotherapeutics, Inc. (ATRA): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. The importance of coverage initiation on a stock by analyst(s) can be well traced by its significant role in interpreting information pertaining to capital markets, thereby creating value for investors. | Click to get this free report Simpson Manufacturing Company, Inc. (SSD): Free Stock Analysis Report Atara Biotherapeutics, Inc. (ATRA): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks that passed the screen: Arbor Realty Trust, Inc.ABR invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations. | Click to get this free report Simpson Manufacturing Company, Inc. (SSD): Free Stock Analysis Report Atara Biotherapeutics, Inc. (ATRA): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks that passed the screen: Arbor Realty Trust, Inc.ABR invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. Stocks typically see an upward price movement with a new analyst coverage compared to what they witness with a rating upgrade under an existing coverage. | Click to get this free report Simpson Manufacturing Company, Inc. (SSD): Free Stock Analysis Report Atara Biotherapeutics, Inc. (ATRA): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks that passed the screen: Arbor Realty Trust, Inc.ABR invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations. |
30263.0 | 2018-01-04 00:00:00 UTC | Agree Realty (ADC) Recaps 2017, Issues Guidance for 2018 | ABR | https://www.nasdaq.com/articles/agree-realty-adc-recaps-2017-issues-guidance-for-2018-2018-01-04 | nan | nan | Agree Realty CorporationADC provided an insight into the acquisitions and disposition activities that it plans to commence this year. The company also summed up the investment activities undertaken in 2017.
During 2017, total investment activity amounted to $399.7 million. It included acquisitions, development and the finished or presently under construction projects of Partner Capital Solutions.
Throughout 2017, the company's acquisition volume for retail net lease properties came in at $336.8 million which covered 79 properties. However, the company expects the volume to decline to the range of $250-$300 million in 2018. The capitalization rate for the acquisitions made in 2017 was 7.4% and the properties accounted for 47.2% of annualized base rents from investment grade retail tenants.
Disposition activity in 2017 included 15 assets, which totaled $45.8 million. Meanwhile, the company projects disposition for 2018 in the range of $25-$50 million. The capitalization rate for the dispositions made last year was 6.9%.
Joey Agree, president and chief executive officer at Agree Realty, is upbeat about the acquisitions executed last year and the bullish outlook for this year. He added, "Our unique capabilities and fortified balance sheet strongly position our growing Company to continue executing on our operating strategy in the upcoming year."
The company successfully raised roughly $87.1 million from the issuance of 1,776,766 shares of common stock at an average price of $49.03 per share. It issued the shares in the fourth quarter of 2017 through an at-the-market equity program.
Shares of Agree Realty have gained 12.5% in the past six months, underperforming the industry 's rally of 23.9%.
The company carries a Zacks Rank #3 (Hold).
Stocks That Warrant a Look
Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for 2017 in the last 60 days. Also, its shares have gained 1.9% in the past six months. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
One Liberty Properties OLP witnessed an upward earnings estimate revision of 7.1% for 2017 in the last 60 days. Also, its shares have gained 9.8% in the past six months. It also has a Zacks Rank #1.
Easterly Government Properties' DEA Zacks Consensus Estimate for 2017 has been revised nearly 1% upward over the last 60 days. Also, its shares have inched up 2.3% in six months' time. It carries a Zacks Rank #2 (Buy).
Note: All EPS numbers presented in this write up represent funds from operations ("FFO") per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks That Warrant a Look Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for 2017 in the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Agree Realty Corporation (ADC): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report To read this article on Zacks.com click here. He added, "Our unique capabilities and fortified balance sheet strongly position our growing Company to continue executing on our operating strategy in the upcoming year." | Stocks That Warrant a Look Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for 2017 in the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Agree Realty Corporation (ADC): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report To read this article on Zacks.com click here. One Liberty Properties OLP witnessed an upward earnings estimate revision of 7.1% for 2017 in the last 60 days. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Agree Realty Corporation (ADC): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Warrant a Look Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for 2017 in the last 60 days. The company successfully raised roughly $87.1 million from the issuance of 1,776,766 shares of common stock at an average price of $49.03 per share. | Stocks That Warrant a Look Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for 2017 in the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Agree Realty Corporation (ADC): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, the company projects disposition for 2018 in the range of $25-$50 million. |
30264.0 | 2018-01-03 00:00:00 UTC | Is Arbor Realty Trust a Great Stock for Value Investors? | ABR | https://www.nasdaq.com/articles/is-arbor-realty-trust-a-great-stock-for-value-investors-2018-01-03 | nan | nan | Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let's put Arbor Realty TrustABR stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:
PE Ratio
A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock's current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.
On this front, Arbor Realty Trust has a trailing twelve months PE ratio of 8.6, as you can see in the chart below:
P/S Ratio
Another key metric to note is the Price/Sales ratio. This approach compares a given stock's price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.
Right now, Arbor Realty has a P/S ratio of about 2.2. This is a bit lower than the S&P 500 average, which comes in at 3.4x right now. Also, as we can see in the chart below, this is well below the highs for this stock in particular over the past few years.
Broad Value Outlook
In aggregate, Arbor Realty currently has a Value Score of B, putting it into the top 40% of all stocks we cover from this look. This makes Arbor Realty a solid choice for value investors.
What About the Stock Overall?
Though Arbor Realty might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth Score of Aand a Momentum Score of C. This gives ABR a Zacks VGM score - or its overarching fundamental grade - of A. (You can read more about the Zacks Style Scores here >> )
Meanwhile, the company's recent earnings estimates have been favorable. Both the current year and the next year estimate has seen one up in the last two months.
This has had just a small impact on the consensus estimate though as the current year consensus estimate has risen by 5.3% in the past two months, while the next year estimate has jumped 10%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
Arbor Realty Trust Price and Consensus
Arbor Realty Trust Price and Consensus | Arbor Realty Trust Quote
This positive trend signifies bullish analyst sentiment, and its Zacks Rank #1 (Strong Buy) indicates robust fundamentals and expectations of outperformance in the near term.
Bottom Line
Arbor Realty is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. However, with a sluggish industry rank (among Bottom 27% of more than 250 industries), it is hard to get too excited about this company overall. In fact, over the past two years, the broader industry has clearly underperformed the market at large, as you can see below:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Let's put Arbor Realty TrustABR stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. In particular, it is worth noting that the company has a Growth Score of Aand a Momentum Score of C. This gives ABR a Zacks VGM score - or its overarching fundamental grade - of A. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Let's put Arbor Realty TrustABR stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. In particular, it is worth noting that the company has a Growth Score of Aand a Momentum Score of C. This gives ABR a Zacks VGM score - or its overarching fundamental grade - of A. | Let's put Arbor Realty TrustABR stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. In particular, it is worth noting that the company has a Growth Score of Aand a Momentum Score of C. This gives ABR a Zacks VGM score - or its overarching fundamental grade - of A. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. | Let's put Arbor Realty TrustABR stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. In particular, it is worth noting that the company has a Growth Score of Aand a Momentum Score of C. This gives ABR a Zacks VGM score - or its overarching fundamental grade - of A. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. |
30265.0 | 2018-01-03 00:00:00 UTC | Zacks.com highlights: Arbor Realty Trust, Ebix and Calavo Growers | ABR | https://www.nasdaq.com/articles/zacks.com-highlights%3A-arbor-realty-trust-ebix-and-calavo-growers-2018-01-03 | nan | nan | For Immediate Release
Chicago, IL - Jan 03, 2018 - Stocks in this week's article include: Arbor Realty Trust, Inc. ABR , Ebix, Inc.EBIX and Calavo Growers, Inc.CVGW .
Screen of the Week of Zacks Investment Research:
3 Stocks Set to Soar on New Analyst Coverage
Coverage initiation on a stock by analyst(s) usually depicts increased investor inclination. Investors, on their part, often assume that there is something in the stock that has attracted analyst attention. In other words, they believe that the company coming under the microscope definitely has some value.
Lack of information creates inefficiencies that might result in misinterpretation of stocks (over- or under-valued). Thus, initiation of coverage by analysts offers critical information on a stock which is of great value to investors.
Obviously, stocks are not arbitrarily chosen to cover. New coverage on a stock usually reflects an encouraging future envisioned by the analyst(s). At times, increased investor focus on a stock motivates analysts to take a closer look at it.
However, the average change in broker recommendation is preferred over a single recommendation change.
Analyst Coverage & Price Movement
Interestingly, the price movement is generally a function of the recommendations from the new analysts. Stocks typically see an upward price movement with a new analyst coverage compared to what they witness with a rating upgrade under an existing coverage. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations. On the contrary, analysts hardly initiate coverage with a Strong Sell or Sell recommendation.
Now, if an analyst issues a new recommendation on a company that has very few or no existing coverage, investors start paying more attention to it. Also, any new information attracts portfolio managers to build a position in the stock.
So, it's a good strategy to bet on stocks that have seen increased analyst coverage over the last few weeks.
And that's what we're screening for today…
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/287449/3-stocks-set-to-soar-on-new-analyst-coverage
Get the remaining stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back testing software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Calavo Growers, Inc. (CVGW): Free Stock Analysis Report
Ebix, Inc. (EBIX): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL - Jan 03, 2018 - Stocks in this week's article include: Arbor Realty Trust, Inc. ABR , Ebix, Inc.EBIX and Calavo Growers, Inc.CVGW . Click to get this free report Calavo Growers, Inc. (CVGW): Free Stock Analysis Report Ebix, Inc. (EBIX): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. | For Immediate Release Chicago, IL - Jan 03, 2018 - Stocks in this week's article include: Arbor Realty Trust, Inc. ABR , Ebix, Inc.EBIX and Calavo Growers, Inc.CVGW . Click to get this free report Calavo Growers, Inc. (CVGW): Free Stock Analysis Report Ebix, Inc. (EBIX): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. | Click to get this free report Calavo Growers, Inc. (CVGW): Free Stock Analysis Report Ebix, Inc. (EBIX): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - Jan 03, 2018 - Stocks in this week's article include: Arbor Realty Trust, Inc. ABR , Ebix, Inc.EBIX and Calavo Growers, Inc.CVGW . Screen of the Week of Zacks Investment Research: 3 Stocks Set to Soar on New Analyst Coverage Coverage initiation on a stock by analyst(s) usually depicts increased investor inclination. | For Immediate Release Chicago, IL - Jan 03, 2018 - Stocks in this week's article include: Arbor Realty Trust, Inc. ABR , Ebix, Inc.EBIX and Calavo Growers, Inc.CVGW . Click to get this free report Calavo Growers, Inc. (CVGW): Free Stock Analysis Report Ebix, Inc. (EBIX): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Screen of the Week of Zacks Investment Research: 3 Stocks Set to Soar on New Analyst Coverage Coverage initiation on a stock by analyst(s) usually depicts increased investor inclination. |
30266.0 | 2018-01-03 00:00:00 UTC | Washington REIT (WRE) to Acquire Arlington Tower for $250M | ABR | https://www.nasdaq.com/articles/washington-reit-wre-to-acquire-arlington-tower-for-%24250m-2018-01-03 | nan | nan | Washington Real Estate Investment TrustWRE recently announced that it has decided to buy Arlington Tower, a 398,000-square foot, Class A office building for $250 million. The tower is located at Rosslyn submarket in Arlington, VA. The deal, which is subject to certain closing conditions, is expected to close in the first quarter of 2018.
Arlington Tower is situated at 1300 North 17th Street, which is two blocks from the Rosslyn Metro station. The tower also has a Walk Score® of 95 and offers direct traveler access to Route 50, Interstate 66 and the George Washington Parkway. In the past five years, this 19-story building, which enjoys panoramic river and monument views, has undergone significant renovation costing approximately $16 million.
A non-binding letter of intent to sell 2445 M Street NW - its 292,000-square foot DC office building - has also been initiated by Washington REIT with an institutional buyer. The property's sole tenant, the Advisory Board Company, is likely to vacate it on May 31, 2019. The proceed of the sale, which is subject to certain conditions, will be announced once it enters into a definitive contract with the buyer.
The company, which had earlier announced the sale of Braddock Metro Center, has entered into a definitive agreement and is likely to close the deal in this month, subject to certain conditions.
Paul T. McDermott, president and chief executive officer of Washington REIT, noted, "We are strategically allocating capital out of 2445 M Street and into Arlington Tower to improve our long-term growth prospects in a resurging Rosslyn, while de-risking the portfolio through increased cash flow stability and reduced exposure to single-tenant assets."
Shares of Washington REIT have lost 6.9% in the past six months, against the decline of 1% recorded by the industry it belongs to.
Currently, the stock carries a Zacks Rank #4 (Sell).
Stocks That Warrant a Look
Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for 2017, in the last 60 days. Also, its shares have gained 2.7%, in the past six months. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Easterly Government Properties' DEA Zacks Consensus Estimate has been revised nearly 1% upward for 2017, over the last 60 days. Also, its shares have inched up 0.7%, in six months' time. It carries a Zacks Rank #2 (Buy).
One Liberty Properties OLP witnessed an upward earnings estimate revision of 7.1% for 2017, in the last 60 days. Also, its shares have gained 9.6%, in the past six months. It has a Zacks Rank #2.
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Washington Real Estate Investment Trust (WRE): Free Stock Analysis Report
One Liberty Properties, Inc. (OLP): Free Stock Analysis Report
Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks That Warrant a Look Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for 2017, in the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Washington Real Estate Investment Trust (WRE): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report To read this article on Zacks.com click here. Washington Real Estate Investment TrustWRE recently announced that it has decided to buy Arlington Tower, a 398,000-square foot, Class A office building for $250 million. | Stocks That Warrant a Look Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for 2017, in the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Washington Real Estate Investment Trust (WRE): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report To read this article on Zacks.com click here. One Liberty Properties OLP witnessed an upward earnings estimate revision of 7.1% for 2017, in the last 60 days. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Washington Real Estate Investment Trust (WRE): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Warrant a Look Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for 2017, in the last 60 days. The company, which had earlier announced the sale of Braddock Metro Center, has entered into a definitive agreement and is likely to close the deal in this month, subject to certain conditions. | Stocks That Warrant a Look Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for 2017, in the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Washington Real Estate Investment Trust (WRE): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, the stock carries a Zacks Rank #4 (Sell). |
30267.0 | 2018-01-02 00:00:00 UTC | 3 Stocks Set to Soar on New Analyst Coverage | ABR | https://www.nasdaq.com/articles/3-stocks-set-to-soar-on-new-analyst-coverage-2018-01-02 | nan | nan | Coverage initiation on a stock by analyst(s) usually depicts increased investor inclination. Investors, on their part, often assume that there is something in the stock that has attracted analyst attention. In other words, they believe that the company coming under the microscope definitely has some value.
Lack of information creates inefficiencies that might result in misinterpretation of stocks (over- or under-valued). Thus, initiation of coverage by analysts offers critical information on a stock which is of great value to investors.
Obviously, stocks are not arbitrarily chosen to cover. New coverage on a stock usually reflects an encouraging future envisioned by the analyst(s). At times, increased investor focus on a stock motivates analysts to take a closer look at it.
However, the average change in broker recommendation is preferred over a single recommendation change.
Analyst Coverage & Price Movement
Interestingly, the price movement is generally a function of the recommendations from the new analysts. Stocks typically see an upward price movement with a new analyst coverage compared to what they witness with a rating upgrade under an existing coverage. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations. On the contrary, analysts hardly initiate coverage with a Strong Sell or Sell recommendation.
Now, if an analyst issues a new recommendation on a company that has very few or no existing coverage, investors start paying more attention to it. Also, any new information attracts portfolio managers to build a position in the stock.
So, it's a good strategy to bet on stocks that have seen increased analyst coverage over the last few weeks.
Screening Criteria
Number of Broker Ratings now greater than the Number of Broker Ratings four weeks ago (This will shortlist stocks that have recent new coverage).
Average Broker Rating less than Average Broker Rating four weeks ago ('Less than' means 'better than' four weeks ago).
Increased analyst coverage and improving average rating are the primary criteria of this strategy but one should consider other relevant parameters to make the strategy foolproof.
Here are the other screening parameters:
Price greater than or equal to $5 (as a stock below $5 will not likely create significant interest for most investors).
Average Daily Volume greater than or equal to 100,000 shares (if volume isn't enough, it will not attract individual investors).
Here are three of the six stocks that passed the screen:
Arbor Realty Trust, Inc.ABR invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. This Zacks Rank #1 (Strong Buy) stock has gained more than 13% in a year, outperforming its industry 's gain of just 4.6%. You can see the complete list of today's Zacks #1 Rank stocks here.
The company has also performed well on the earnings front, beating the Zacks Consensus Estimate in the trailing four quarters with average positive surprise of 31.89%. The stock has seen earnings estimates move up 10% for 2018 over the past 60 days, depicting the stock's potential to scale higher.
Ebix, Inc.EBIX is one of the leading international suppliers of software and e-commerce solutions to the insurance industry. This Zacks Rank #2 stock has seen earnings estimates rise 6.1% for 2018 over the past 60 days. The stock has gained more than 37% in a year, outperforming its industry 's gain of just 7.5%.
Calavo Growers, Inc.CVGW , a global avocado-industry leader and an expanding provider of value-added fresh food, has gained 37.5% in the past year, while its industry fell 12%. It has an expected earnings growth rate of 32.4% for fiscal 2018.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are three of the six stocks that passed the screen: Arbor Realty Trust, Inc.ABR invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. Click to get this free report Calavo Growers, Inc. (CVGW): Free Stock Analysis Report Ebix, Inc. (EBIX): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. The company has also performed well on the earnings front, beating the Zacks Consensus Estimate in the trailing four quarters with average positive surprise of 31.89%. | Click to get this free report Calavo Growers, Inc. (CVGW): Free Stock Analysis Report Ebix, Inc. (EBIX): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are three of the six stocks that passed the screen: Arbor Realty Trust, Inc.ABR invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. Positive recommendations - Buy and Strong Buy - generally lead to a significantly positive price reaction than Hold recommendations. | Click to get this free report Calavo Growers, Inc. (CVGW): Free Stock Analysis Report Ebix, Inc. (EBIX): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are three of the six stocks that passed the screen: Arbor Realty Trust, Inc.ABR invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. Stocks typically see an upward price movement with a new analyst coverage compared to what they witness with a rating upgrade under an existing coverage. | Here are three of the six stocks that passed the screen: Arbor Realty Trust, Inc.ABR invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. Click to get this free report Calavo Growers, Inc. (CVGW): Free Stock Analysis Report Ebix, Inc. (EBIX): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Coverage initiation on a stock by analyst(s) usually depicts increased investor inclination. |
30268.0 | 2017-12-22 00:00:00 UTC | Chatham Lodging Sells Hilton Carlsbad's Homewood Suites | ABR | https://www.nasdaq.com/articles/chatham-lodging-sells-hilton-carlsbads-homewood-suites-2017-12-22 | nan | nan | Chatham Lodging TrustCLDT announced that it recently sold California-based Hilton Carlsbad's 145-suite Homewood Suites for $33 million, or roughly $228,000 per suite.
The hotel has been sold by the company for about 6.5% net operating income capitalization rate, based on the trailing 12-month performance.
The buyer of this property undertook a $20-million CMBS loan, with a 4.3% interest rate. The balance amount of $13 million will be used to decrease Chatham's unsecured credit facility borrowings.
As per Chatham's chief executive officer and president, Jeffrey H. Fisher, "Our goal is to opportunistically sell assets when we believe we can re-deploy those proceeds into high-quality hotel investments that earn higher yields in higher growth markets, thus enhancing our net asset value."
The sale is part of Chatham's aggressive capital-recycling program, which was announced this year. This marks the first sale by the company after undertaking the initiative.
We expect such moves to offer an upside potential to the company and strengthen its high-end portfolio, which consists of ownership interests in 135 hotels, totaling 18,516 rooms/suites.
Further, year to date, shares of Chatham have outperformed the industry it belongs to. During this time frame, the stock has rallied 11.3%, whereas the industry has registered growth of 2.1%.
However, the Zacks Consensus Estimate for funds from operations (FFO) per share for 2017 has remained unchanged at $2.16 in a month's time.
Chatham currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Key Picks
Better-ranked stocks in the real estate investment trust (REIT) space include Arbor Realty Trust ABR and One Liberty Properties OLP sporting a Zacks Rank of 1, and Columbia Property Trust CXP carrying a Zacks Rank of 2 (Buy).
Arbor Realty's 2017 FFO per share estimates moved up 8.7% over the last 60 days. The stock has been up 15.8%, so far this year.
One Liberty Properties' FFO per share estimates for the current year climbed 7.1% over the last 60 days. Its shares have gained 5%, year to date.
Columbia Property Trust's FFO per share estimates for 2017 moved up 2.7% over the past 60 days. Its share price has gained 3.7%, year to date.
Note: All EPS numbers presented in this write up represent funds from operations ("FFO") per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks Better-ranked stocks in the real estate investment trust (REIT) space include Arbor Realty Trust ABR and One Liberty Properties OLP sporting a Zacks Rank of 1, and Columbia Property Trust CXP carrying a Zacks Rank of 2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report To read this article on Zacks.com click here. The hotel has been sold by the company for about 6.5% net operating income capitalization rate, based on the trailing 12-month performance. | Key Picks Better-ranked stocks in the real estate investment trust (REIT) space include Arbor Realty Trust ABR and One Liberty Properties OLP sporting a Zacks Rank of 1, and Columbia Property Trust CXP carrying a Zacks Rank of 2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks Better-ranked stocks in the real estate investment trust (REIT) space include Arbor Realty Trust ABR and One Liberty Properties OLP sporting a Zacks Rank of 1, and Columbia Property Trust CXP carrying a Zacks Rank of 2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report To read this article on Zacks.com click here. One Liberty Properties' FFO per share estimates for the current year climbed 7.1% over the last 60 days. | Key Picks Better-ranked stocks in the real estate investment trust (REIT) space include Arbor Realty Trust ABR and One Liberty Properties OLP sporting a Zacks Rank of 1, and Columbia Property Trust CXP carrying a Zacks Rank of 2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Chatham Lodging Trust (REIT) (CLDT): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report To read this article on Zacks.com click here. The hotel has been sold by the company for about 6.5% net operating income capitalization rate, based on the trailing 12-month performance. |
30269.0 | 2017-12-20 00:00:00 UTC | Why Hold Strategy is Apt for Essex Property (ESS) Right Now | ABR | https://www.nasdaq.com/articles/why-hold-strategy-is-apt-for-essex-property-ess-right-now-2017-12-20 | nan | nan | With a strong property base and solid balance sheet, Essex Property TrustESS is likely to leverage on favorable demographic trends in its markets. The company's West Coast exposure offers ample scope to boost top line over the long term. Moreover, it has raised the dividend every year since its IPO in 1994. However, aggressive rental concessions and moderate pricing power amid high supply remain concerns. Also, rate hike adds to its woes for this Zacks Rank #3 (Hold) company.
Essex's Zacks Consensus Estimate for FFO per share for full-year 2017 has been revised upward by one cent per share, in the last 60 days.
Shares of Essex have outperformed the industry it belongs to, so far this year. The company's shares have gained 4.5%, while the industry has recorded growth of 2.5%.
The company's substantial exposure to the West Coast market, which is home to several innovation and technology companies, bodes well for its top line. Though there are near-term concerns about potential slowdown in the technology industries, with the growing use of technology in every sphere of life, the region is expected to experience growth in wage levels over the long term. Therefore, apartments situated in the centers of technology and innovations are likely to gain from higher demand and poised to deliver decent growth in rent over the long term.
Further, solid dividend payouts are arguably the biggest attraction for REIT investors and Essex Property has been steadily raising its payout. In fact, the company has raised its dividend every year since the IPO in 1994, thereby generating a compound annual dividend per share growth of 6.4%. These moves instill investors' confidence on the stock.
However, the company has a significant concentration of assets in Southern California, Northern California and the Seattle metropolitan area. Specifically, 83% of the company's rental revenues were generated from communities located in California for the year ended Dec 31, 2016. This makes the company's operating results and financial conditions susceptible to any unfavorable fluctuation in local markets.
Also, a hike in interest rates can pose a challenge for Essex. Essentially, rising rates imply higher borrowing costs for the company, which would affect its ability to purchase or develop real estate.
Better-ranked stocks in the real estate investment trust (REIT) space include BRT Realty Trust BRT , Arbor Realty Trust ABR and Reis REIS . All three carry a Zacks Rank of 1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
BRT Realty's FFO per share estimate for the current year has gone up 9.2% over the last 60 days. Over the past three months, the company's shares have gained 7.9%.
Arbor Realty's 2017 FFO per share estimate has gone up 8.7% over the last 60 days. The stock has been up 6.2% for the past three months.
Reis' FFO per share estimate for 2017 has moved up 3.6% over the last 60 days. Its share price has increased 6.3% in three months' time.
Note: All EPS numbers presented in this write up represent funds from operations ("FFO") per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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BRT Realty Trust (BRT): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Reis, Inc (REIS): Free Stock Analysis Report
Essex Property Trust, Inc. (ESS): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Better-ranked stocks in the real estate investment trust (REIT) space include BRT Realty Trust BRT , Arbor Realty Trust ABR and Reis REIS . Click to get this free report BRT Realty Trust (BRT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Reis, Inc (REIS): Free Stock Analysis Report Essex Property Trust, Inc. (ESS): Free Stock Analysis Report To read this article on Zacks.com click here. Therefore, apartments situated in the centers of technology and innovations are likely to gain from higher demand and poised to deliver decent growth in rent over the long term. | Better-ranked stocks in the real estate investment trust (REIT) space include BRT Realty Trust BRT , Arbor Realty Trust ABR and Reis REIS . Click to get this free report BRT Realty Trust (BRT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Reis, Inc (REIS): Free Stock Analysis Report Essex Property Trust, Inc. (ESS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report BRT Realty Trust (BRT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Reis, Inc (REIS): Free Stock Analysis Report Essex Property Trust, Inc. (ESS): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the real estate investment trust (REIT) space include BRT Realty Trust BRT , Arbor Realty Trust ABR and Reis REIS . Essex's Zacks Consensus Estimate for FFO per share for full-year 2017 has been revised upward by one cent per share, in the last 60 days. | Better-ranked stocks in the real estate investment trust (REIT) space include BRT Realty Trust BRT , Arbor Realty Trust ABR and Reis REIS . Click to get this free report BRT Realty Trust (BRT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Reis, Inc (REIS): Free Stock Analysis Report Essex Property Trust, Inc. (ESS): Free Stock Analysis Report To read this article on Zacks.com click here. Therefore, apartments situated in the centers of technology and innovations are likely to gain from higher demand and poised to deliver decent growth in rent over the long term. |
30270.0 | 2017-12-18 00:00:00 UTC | Urstadt Biddle Cheers Investors With a Hike in Dividend | ABR | https://www.nasdaq.com/articles/urstadt-biddle-cheers-investors-with-a-hike-in-dividend-2017-12-18 | nan | nan | Urstadt Biddle Properties ' UBA board of directors has approved a 2% & 1.9% hike in quarterly dividend for its Common stock and Class A Common stock, respectively. The revised dividend for Common stock now comes in at 24 cents per share versus the previous figure of 23.5 cents and the revised dividend for Class A Common stock comes in at 27 cents per share compared to the previous payout of 26.5 cents per share. The new dividends will be paid on Jan 19, 2018, to shareholders of record as of Jan 5, 2018.
Based on the increased rate, the annual dividend for Common stock and Class A Common stock comes to 96 cents a share and $1.08 per share, resulting in an annualized yield of about 4.2%, and 4.7%, respectively, considering Urstadt Biddle's closing price of $22.95 on Dec 15.
Solid dividend payouts are arguably the biggest enticement for REIT investors and this represents Urstadt Biddle's 192nd consecutive quarterly dividend on common stock since its inception in 1969.
Quarterly dividends on the company's Series G Preferred Stock and Series H Preferred Stock were also declared. Series G Preferred Stock will pay dividends of $0.421875 per share and Series H Preferred Stock will be paying dividend of $0.390625 per share on Jan 31, 2018 to stockholders of record on Jan 19, 2018.
The company's leverage picture looks encouraging. Its debt/equity ratio of 0.71 compares favorably with 1.25 for its industry. Also, this retail real estate investment trust (REIT) has optimally utilized its equity that resulted in return on equity (ROE) of 13.62%, while the industry delivered 7.44%.
Year to date, shares of this Zacks Rank #3 (Hold) company have underperformed the industry . During this period, shares of Urstadt Biddle have lost 4.8%, while the industry has recorded growth of 13.3%.
Some better-ranked stocks in the REIT space are One Liberty Properties OLP and Arbor Realty Trust ABR , sporting a Zacks Rank of 1 (Strong Buy), and Columbia Property Trust CXP , carrying a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
One Liberty Properties' FFO per share estimates for 2017 witnessed an upward revision of 7.1% over the last 60 days. Its share price has gained 12.9% in six months' time.
Arbor Realty Trust's FFO per share estimates for 2017 increased by 8.7% over the last 60 days. Its shares have gained 3.6% in the past six months.
Columbia Property Trust's FFO per share estimates for the current year have moved up 2.7% in two months' time. Over the past six months, the company's shares have gained 4%.
Note: All EPS numbers presented in this write up represent funds from operations ("FFO") per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Urstadt Biddle Properties Inc. (UBA): Free Stock Analysis Report
One Liberty Properties, Inc. (OLP): Free Stock Analysis Report
Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked stocks in the REIT space are One Liberty Properties OLP and Arbor Realty Trust ABR , sporting a Zacks Rank of 1 (Strong Buy), and Columbia Property Trust CXP , carrying a Zacks Rank of 2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Urstadt Biddle Properties Inc. (UBA): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report To read this article on Zacks.com click here. Columbia Property Trust's FFO per share estimates for the current year have moved up 2.7% in two months' time. | Some better-ranked stocks in the REIT space are One Liberty Properties OLP and Arbor Realty Trust ABR , sporting a Zacks Rank of 1 (Strong Buy), and Columbia Property Trust CXP , carrying a Zacks Rank of 2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Urstadt Biddle Properties Inc. (UBA): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report To read this article on Zacks.com click here. The revised dividend for Common stock now comes in at 24 cents per share versus the previous figure of 23.5 cents and the revised dividend for Class A Common stock comes in at 27 cents per share compared to the previous payout of 26.5 cents per share. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Urstadt Biddle Properties Inc. (UBA): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the REIT space are One Liberty Properties OLP and Arbor Realty Trust ABR , sporting a Zacks Rank of 1 (Strong Buy), and Columbia Property Trust CXP , carrying a Zacks Rank of 2 (Buy). The revised dividend for Common stock now comes in at 24 cents per share versus the previous figure of 23.5 cents and the revised dividend for Class A Common stock comes in at 27 cents per share compared to the previous payout of 26.5 cents per share. | Some better-ranked stocks in the REIT space are One Liberty Properties OLP and Arbor Realty Trust ABR , sporting a Zacks Rank of 1 (Strong Buy), and Columbia Property Trust CXP , carrying a Zacks Rank of 2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Urstadt Biddle Properties Inc. (UBA): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report To read this article on Zacks.com click here. Its share price has gained 12.9% in six months' time. |
30271.0 | 2017-12-08 00:00:00 UTC | Top Ranked Income Stocks to Buy for December 8th | ABR | https://www.nasdaq.com/articles/top-ranked-income-stocks-to-buy-for-december-8th-2017-12-08 | nan | nan | Here are three stocks with buy rank and strong income characteristics for investors to consider today, December 8th:
BCB Bancorp, Inc. (BCBP): This bank holding company has witnessed the Zacks Consensus Estimate for its current year earnings advancing 10.8% over the last 60 days.
BCB Bancorp, Inc. (NJ) Price and Consensus
BCB Bancorp, Inc. (NJ) Price and Consensus | BCB Bancorp, Inc. (NJ) Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 3.80%, compared with the industry average of 1.41%. Its five-year average dividend yield is 4.56%.
BCB Bancorp, Inc. (NJ) Dividend Yield (TTM)
BCB Bancorp, Inc. (NJ) dividend-yield-ttm | BCB Bancorp, Inc. (NJ) Quote
Statoil ASA (STO): This energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.9% over the last 60 days.
Statoil ASA Price and Consensus
Statoil ASA Price and Consensus | Statoil ASA Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.71%, compared with the industry average of 2.51%. Its five-year average dividend yield is 4.44%.
Statoil ASA Dividend Yield (TTM)
Statoil ASA dividend-yield-ttm | Statoil ASA Quote
Meredith Corporation (MDP): This diversified media company has witnessed the Zacks Consensus Estimate for its current year earnings advancing 1.2% over the last 60 days.
Meredith Corporation Price and Consensus
Meredith Corporation Price and Consensus | Meredith Corporation Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 2.92%, compared with the industry average of 0.00%. Its five-year average dividend yield is 3.74%.
Meredith Corporation Dividend Yield (TTM)
Meredith Corporation dividend-yield-ttm | Meredith Corporation Quote
Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.
Arbor Realty Trust Price and Consensus
Arbor Realty Trust Price and Consensus | Arbor Realty Trust Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.71%, compared with the industry average of 2.51%. Its five-year average dividend yield is 4.44%
Arbor Realty Trust Dividend Yield (TTM)
Arbor Realty Trust dividend-yield-ttm | Arbor Realty Trust Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
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Statoil ASA (STO): Free Stock Analysis Report
Meredith Corporation (MDP): Free Stock Analysis Report
BCB Bancorp, Inc. (NJ) (BCBP): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Meredith Corporation Dividend Yield (TTM) Meredith Corporation dividend-yield-ttm | Meredith Corporation Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Statoil ASA (STO): Free Stock Analysis Report Meredith Corporation (MDP): Free Stock Analysis Report BCB Bancorp, Inc. (NJ) (BCBP): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks with buy rank and strong income characteristics for investors to consider today, December 8th: BCB Bancorp, Inc. (BCBP): This bank holding company has witnessed the Zacks Consensus Estimate for its current year earnings advancing 10.8% over the last 60 days. | Click to get this free report Statoil ASA (STO): Free Stock Analysis Report Meredith Corporation (MDP): Free Stock Analysis Report BCB Bancorp, Inc. (NJ) (BCBP): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Meredith Corporation Dividend Yield (TTM) Meredith Corporation dividend-yield-ttm | Meredith Corporation Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. BCB Bancorp, Inc. (NJ) Dividend Yield (TTM) BCB Bancorp, Inc. (NJ) dividend-yield-ttm | BCB Bancorp, Inc. (NJ) Quote Statoil ASA (STO): This energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.9% over the last 60 days. | Click to get this free report Statoil ASA (STO): Free Stock Analysis Report Meredith Corporation (MDP): Free Stock Analysis Report BCB Bancorp, Inc. (NJ) (BCBP): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Meredith Corporation Dividend Yield (TTM) Meredith Corporation dividend-yield-ttm | Meredith Corporation Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. BCB Bancorp, Inc. (NJ) Price and Consensus BCB Bancorp, Inc. (NJ) Price and Consensus | BCB Bancorp, Inc. (NJ) Quote This Zacks Rank #2 (Buy) company has a dividend yield of 3.80%, compared with the industry average of 1.41%. | Meredith Corporation Dividend Yield (TTM) Meredith Corporation dividend-yield-ttm | Meredith Corporation Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Statoil ASA (STO): Free Stock Analysis Report Meredith Corporation (MDP): Free Stock Analysis Report BCB Bancorp, Inc. (NJ) (BCBP): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks with buy rank and strong income characteristics for investors to consider today, December 8th: BCB Bancorp, Inc. (BCBP): This bank holding company has witnessed the Zacks Consensus Estimate for its current year earnings advancing 10.8% over the last 60 days. |
30272.0 | 2017-12-07 00:00:00 UTC | Zacks.com highlights: Daqo New Energy, Kennametal, DXC Technology, Stifel Financial and Arbor Realty Trust | ABR | https://www.nasdaq.com/articles/zacks.com-highlights%3A-daqo-new-energy-kennametal-dxc-technology-stifel-financial-and-arbor | nan | nan | For Immediate Release
Chicago, IL - Dec 7, 2017 - Stocks in this week's article include: Daqo New Energy Corp. DQ , Kennametal Inc.KMT , DXC Technology CompanyDXC , Stifel Financial Corp.SF and Arbor Realty Trust Inc.ABR .
Screen of the Week of Zacks Investment Research:
5 Stocks Near 52-Week High with Scope to Scale Further
While betting on a stock near its 52-week high, investors are faced with one of the trickiest questions - will the stock scale higher or are it the right time to book profits?
Though betting on 52-week high stocks without a foolproof investment plan is perilous and even naïve, clubbing it with the correct parameters can turn the tide in investors' favor.
In this screening article, we discuss the 52-week investment plan. While market analysts may be divided in their opinion regarding the 52-week high investment technique, many of them believe that 52-week high stocks which are still undervalued and have strong upside potential can be lucrative bets.
52-Week High: A Good Indicator
Stocks near 52-week highs often instill the presumptive "adjustment and anchoring bias" in the minds of investors. This principle works on the belief that investors use the 52-week high price as a reference point and value stocks against this anchor.
Many a times, such stocks are prevented from scaling higher despite robust potential due to the psychological bias of investors who fear that the stocks are overvalued and a price crash is impending.
A few of the stocks remain undervalued due to prolonged under reaction on part of investors despite bullish growth drivers. Meanwhile, news pertaining to robust sales, surging profit levels, bullish earnings prospects and strategic acquisitions can drive the stock higher.
However, when a string of positive developments dominate the market, investors find their under-reaction unwarranted and the renewed interest might drive stocks beyond the 52-week high bar. Wall Street's fast paced trading makes it imperative for investors to step in before the market gets a whiff of it.
Also, recent academic research reveals that if a stock's current price is near its 52-week high, there are high chances that it will outperform peers in the subsequent period. According to researchers George and Hwang, holding 52-week high stocks for six months resulted in an average monthly gain of 0.45% between 1963 and 2001. Encouragingly, this is twice the gain that can be garnered from similar momentum-based strategies.
And that's what we're screening for today…
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/285121/5-stocks-near-52week-high-with-scope-to-scale-higher
Get the remaining stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back testing software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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DAQO New Energy Corp. (DQ): Free Stock Analysis Report
Stifel Financial Corporation (SF): Free Stock Analysis Report
Kennametal Inc. (KMT): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
DXC Technology Company. (DXC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL - Dec 7, 2017 - Stocks in this week's article include: Daqo New Energy Corp. DQ , Kennametal Inc.KMT , DXC Technology CompanyDXC , Stifel Financial Corp.SF and Arbor Realty Trust Inc.ABR . Click to get this free report DAQO New Energy Corp. (DQ): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report Kennametal Inc. (KMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report DXC Technology Company. Meanwhile, news pertaining to robust sales, surging profit levels, bullish earnings prospects and strategic acquisitions can drive the stock higher. | For Immediate Release Chicago, IL - Dec 7, 2017 - Stocks in this week's article include: Daqo New Energy Corp. DQ , Kennametal Inc.KMT , DXC Technology CompanyDXC , Stifel Financial Corp.SF and Arbor Realty Trust Inc.ABR . Click to get this free report DAQO New Energy Corp. (DQ): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report Kennametal Inc. (KMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report DXC Technology Company. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. | Click to get this free report DAQO New Energy Corp. (DQ): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report Kennametal Inc. (KMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report DXC Technology Company. For Immediate Release Chicago, IL - Dec 7, 2017 - Stocks in this week's article include: Daqo New Energy Corp. DQ , Kennametal Inc.KMT , DXC Technology CompanyDXC , Stifel Financial Corp.SF and Arbor Realty Trust Inc.ABR . Screen of the Week of Zacks Investment Research: 5 Stocks Near 52-Week High with Scope to Scale Further While betting on a stock near its 52-week high, investors are faced with one of the trickiest questions - will the stock scale higher or are it the right time to book profits? | For Immediate Release Chicago, IL - Dec 7, 2017 - Stocks in this week's article include: Daqo New Energy Corp. DQ , Kennametal Inc.KMT , DXC Technology CompanyDXC , Stifel Financial Corp.SF and Arbor Realty Trust Inc.ABR . Click to get this free report DAQO New Energy Corp. (DQ): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report Kennametal Inc. (KMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report DXC Technology Company. Screen of the Week of Zacks Investment Research: 5 Stocks Near 52-Week High with Scope to Scale Further While betting on a stock near its 52-week high, investors are faced with one of the trickiest questions - will the stock scale higher or are it the right time to book profits? |
30273.0 | 2017-12-07 00:00:00 UTC | Kilroy Realty (KRC) Enters 10-Year Office Lease with Okta | ABR | https://www.nasdaq.com/articles/kilroy-realty-krc-enters-10-year-office-lease-with-okta-2017-12-07 | nan | nan | Kilroy Realty CorporationKRC announced today that it has signed a 10-year lease with Okta OKTA for a space at Kilroy Realty's 100 First Street office property. The deal is for 207,000 square feet of the property, which is located in the South of the Market district of San Francisco.
Okta, which presently leases space in 301 Brannan St. in San Francisco, will now be establishing its new headquarters at the 100 First Street property and begin shifting there in the second quarter of 2018.
Kilroy Realty is experiencing solid demand for its property. Over a year, Kilroy Realty has signed three of the largest office leases in San Francisco, totaling 1.3 million square feet. In October, Kilroy Realty announced that it has fully preleased 736,000 square feet of office space at its San Francisco-based property, The Exchange, to Dropbox. This makes the lease the largest single Class A commercial deal executed in San Francisco. Also, in November 2016, it signed a deal with Adobe, that totaled 320,000 square feet at 100 Hooper.
Technology companies have directed San Francisco's strong office leasing with several deals larger than 100,000 square feet. Amazon, Facebook Google, Airbnb and Otto are some of the tenants in these deals.
As per, John Kilroy, the company's Chief Executive Officer, "San Francisco continues to incubate some of the most dynamic new companies in the world and we are delighted that Okta, a thriving newly public company, has chosen to join our roster of tenants in the city."
"The new space will give the team at Okta room to scale, build and innovate for our customers as we expand in the coming years, all under one roof - in the heart of the city," said Todd McKinnon, CEO and co-founder of Okta, in a statement.
Shares of Kilroy Realty have gained 9% in the last six months, against the decline of 1.3% recorded by the industry it belongs to.
Currently, the stock carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Stocks That Warrant a Look
Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for the current year, in the last 30 days. Also, its shares have gained 8.1%, in the past three months. It sports a Zacks Rank of 1.
Columbia Property Trust's CXP Zacks Consensus Estimate has been revised 2.7% upward for the current year, in the last 30 days. Also, its shares have rallied 4.7%, in the past three months. It carries a Zacks Rank #2 (Buy).
Note: All EPS numbers presented in this write up represent funds from operations ("FFO") per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Kilroy Realty Corporation (KRC): Free Stock Analysis Report
Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report
Okta, Inc. (OKTA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks That Warrant a Look Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for the current year, in the last 30 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Kilroy Realty Corporation (KRC): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report Okta, Inc. (OKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Okta, which presently leases space in 301 Brannan St. in San Francisco, will now be establishing its new headquarters at the 100 First Street property and begin shifting there in the second quarter of 2018. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Kilroy Realty Corporation (KRC): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report Okta, Inc. (OKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Warrant a Look Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for the current year, in the last 30 days. Kilroy Realty CorporationKRC announced today that it has signed a 10-year lease with Okta OKTA for a space at Kilroy Realty's 100 First Street office property. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Kilroy Realty Corporation (KRC): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report Okta, Inc. (OKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Warrant a Look Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for the current year, in the last 30 days. Kilroy Realty CorporationKRC announced today that it has signed a 10-year lease with Okta OKTA for a space at Kilroy Realty's 100 First Street office property. | Stocks That Warrant a Look Arbor Realty Trust ABR witnessed an upward earnings estimate revision of 8.7% for the current year, in the last 30 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Kilroy Realty Corporation (KRC): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report Okta, Inc. (OKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Kilroy Realty CorporationKRC announced today that it has signed a 10-year lease with Okta OKTA for a space at Kilroy Realty's 100 First Street office property. |
30274.0 | 2017-12-06 00:00:00 UTC | 5 Stocks Near 52-Week High With Scope to Scale Higher | ABR | https://www.nasdaq.com/articles/5-stocks-near-52-week-high-with-scope-to-scale-higher-2017-12-06 | nan | nan | While betting on a stock near its 52-week high, investors are faced with one of the trickiest questions - will the stock scale higher or are it the right time to book profits?
Though betting on 52-week high stocks without a foolproof investment plan is perilous and even naïve, clubbing it with the correct parameters can turn the tide in investors' favor.
In this screening article, we discuss the 52-week investment plan. While market analysts may be divided in their opinion regarding the 52-week high investment technique, many of them believe that 52-week high stocks which are still undervalued and have strong upside potential can be lucrative bets.
52-Week High: A Good Indicator
Stocks near 52-week highs often instill the presumptive "adjustment and anchoring bias" in the minds of investors. This principle works on the belief that investors use the 52-week high price as a reference point and value stocks against this anchor.
Many a times, such stocks are prevented from scaling higher despite robust potential due to the psychological bias of investors who fear that the stocks are overvalued and a price crash is impending.
A few of the stocks remain undervalued due to prolonged under reaction on part of investors despite bullish growth drivers. Meanwhile, news pertaining to robust sales, surging profit levels, bullish earnings prospects and strategic acquisitions can drive the stock higher.
However, when a string of positive developments dominate the market, investors find their under-reaction unwarranted and the renewed interest might drive stocks beyond the 52-week high bar. Wall Street's fast paced trading makes it imperative for investors to step in before the market gets a whiff of it.
Also, recent academic research reveals that if a stock's current price is near its 52-week high, there are high chances that it will outperform peers in the subsequent period. According to researchers George and Hwang, holding 52-week high stocks for six months resulted in an average monthly gain of 0.45% between 1963 and 2001. Encouragingly, this is twice the gain that can be garnered from similar momentum-based strategies.
Setting the Right Filters
Our diligent screening technique has been deployed to find 52-week high stocks that hold tremendous potential compared to their respective industries. The added parameters are strong earnings growth expectations, sturdy value metrics and positive price momentum.
These stocks are relatively undervalued compared to their peers, in terms of earnings as well as sales, which make us believe that they will continue their rally for quite some time.
Current Price/52 Week High >= .80
This simply is the ratio between the current price and the highest price at which the stock has traded in the past 52 weeks. A value greater than 0.8 implies that the stock is trading within 20% of its 52-week high range and is likely to touch the 52-week high mark soon.
% Change Price - 4 Weeks > 0
It ensures that the stock price has moved north over the past four weeks.
% Change Price - 12 Weeks > 0
This metric guarantees a continued upward price momentum for the stock over the past three months as well.
Price/Sales
The lower, the better.
P/E using F(1) Estimate
This metric measures the amount an investor puts into a company to obtain one dollar of earnings. It narrows down the list of stocks to those that are undervalued compared to their peers.
One-Year EPS Growth F(1)/F(0) >= XIndMed
This helps choose stocks that have higher growth rates than the industry median. This is a meaningful indicator as decent earnings growth adds to investor optimism.
Zacks Rank = 1
No screening is complete without our proven Zacks Rank, which has proved its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to brave adversities and beat the market. You can see the complete list of today's Zacks #1 Rank stocks here .
Current Price >= 5
This parameter will help screen stocks which are trading at $5 or higher.
Volume - 20 days (shares) >= 100000
Inclusion of this metric ensures that there is a substantial volume of shares that can be traded easily.
Here are five of the 13 stocks that made it through the screen:
Daqo New Energy Corp.DQ is engaged in the manufacture and sale of high-quality polysilicon to photovoltaic product manufacturers. The company has an average positive earnings surprise of 23.21% for the trailing four quarters.
Kennametal Inc.KMT provides wear-resistant products, application engineering, and services of material science to the industrial production, transportation, earthworks, energy, construction, process industries, and aerospace sectors worldwide. We note that the company has beaten the Zacks Consensus Estimate thrice in the preceding four quarters, delivering an average positive earnings surprise of 20.56%.
DXC Technology CompanyDXC headquartered in Tysons, VA, DXC Technology is the world's second largest end-to-end IT service provider offering a broad array of professional services to clients in the global, commercial and government markets. The company has surpassed the Zacks Consensus Estimate in all the four preceding quarters, the average surprise being 25.43%.
St. Louis, MO-based Stifel Financial Corp.SF is a financial services and bank holding company. The company has an average four-quarter positive earnings surprise of 8.08%.
Arbor Realty Trust Inc.ABR headquartered in Uniondale, NY, specializes in real estate finance, investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. With earnings beat in the last four quarters, the company has an average surprise of 31.89%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your trial to the Research Wizard today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance.
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DAQO New Energy Corp. (DQ): Free Stock Analysis Report
Stifel Financial Corporation (SF): Free Stock Analysis Report
Kennametal Inc. (KMT): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
DXC Technology Company. (DXC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust Inc.ABR headquartered in Uniondale, NY, specializes in real estate finance, investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. Click to get this free report DAQO New Energy Corp. (DQ): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report Kennametal Inc. (KMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report DXC Technology Company. Though betting on 52-week high stocks without a foolproof investment plan is perilous and even naïve, clubbing it with the correct parameters can turn the tide in investors' favor. | Click to get this free report DAQO New Energy Corp. (DQ): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report Kennametal Inc. (KMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report DXC Technology Company. Arbor Realty Trust Inc.ABR headquartered in Uniondale, NY, specializes in real estate finance, investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. | Click to get this free report DAQO New Energy Corp. (DQ): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report Kennametal Inc. (KMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report DXC Technology Company. Arbor Realty Trust Inc.ABR headquartered in Uniondale, NY, specializes in real estate finance, investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. While betting on a stock near its 52-week high, investors are faced with one of the trickiest questions - will the stock scale higher or are it the right time to book profits? | Click to get this free report DAQO New Energy Corp. (DQ): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report Kennametal Inc. (KMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report DXC Technology Company. Arbor Realty Trust Inc.ABR headquartered in Uniondale, NY, specializes in real estate finance, investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. While market analysts may be divided in their opinion regarding the 52-week high investment technique, many of them believe that 52-week high stocks which are still undervalued and have strong upside potential can be lucrative bets. |
30275.0 | 2017-12-06 00:00:00 UTC | Mid-America Apartment Cheers Investors With 6% Dividend Hike | ABR | https://www.nasdaq.com/articles/mid-america-apartment-cheers-investors-with-6-dividend-hike-2017-12-06 | nan | nan | Ushering in good news for its shareholders, Mid-America Apartment CommunitiesMAA recently announced a 6% hike in its quarterly cash dividend. The company will now pay a dividend of 92.25 cents per share, up from 87 cents paid earlier. The raised dividend will be paid on Jan 31, 2018 to shareholders of record as on Jan 12.
Based on the increased rate, the annual dividend comes to $3.69 a share, resulting in a yield of about 3.6%, considering Mid-America Apartment's closing price of $101.41 on Dec 5. Since the company's dividend yield surpasses the industry average of 3.4%, the stock is likely to draw investors' attention.
In fact, solid dividend payouts are arguably the biggest enticement for REIT investors and this represents Mid-America Apartment's 8th consecutive hike in annual common stock dividend.
Mid-America Apartment has solid fundamentals to back dividend hikes. It is a residential real estate investment trust (REIT) engaged in owning, acquiring, operating and selective development of apartment communities. As of Sep 30, 2017, the company enjoyed ownership in 99,612 apartment units across 17 states. In addition, the company had ownership interest in four commercial properties spanning 232,000 square feet of combined gross leasable area.
Mid-America Apartment's ROE is 4.2%, higher than the industry average of 2.8%. Further, the company is one of only three apartment REITs that did not reduce or suspend dividend payments during the last recession.
Also, Mid-America Apartment enjoys a solid balance sheet with lower leverage, improved investment grade metrics and limited near-term maturities. As of Sep 30, 2017, the company had around $795.4 million of combined cash and capacity available under its unsecured credit facility. Moreover, at the end of third-quarter 2017, 85% of net debt was hedged against interest rate volatility at an average effective interest rate of 3.5%.
Mid-America Apartment currently has a Zacks Rank #3 (Hold).
In the past 12 months, shares of Mid-America Apartment have outperformed the industry . While the company's shares have gained 13.9%, the industry has recorded growth of 9.6% during this period.
Key Picks
Some better-ranked stocks in the REIT space are One Liberty Properties OLP and Arbor Realty Trust ABR , sporting a Zacks Rank of 1 (Strong Buy), and Columbia Property Trust CXP , carrying a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
One Liberty Properties' FFO per share estimates for 2017 witnessed an upward revision of 7.1% over the past month. Its share price has gained 13.6% in six months' time.
Columbia Property Trust's FFO per share estimates for the current year have moved up by 2.7% in a month's time. Over the past six months, the company's shares have gained 1.9%.
Arbor Realty Trust's FFO per share estimates for 2017 increased by 8.7% over the past month. Its shares have gained 4.4% in the past six months.
Note: All EPS numbers presented in this write up represent funds from operations ("FFO") per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Wall Street's Next Amazon
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Arbor Realty Trust (ABR): Free Stock Analysis Report
Mid-America Apartment Communities, Inc. (MAA): Free Stock Analysis Report
One Liberty Properties, Inc. (OLP): Free Stock Analysis Report
Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks Some better-ranked stocks in the REIT space are One Liberty Properties OLP and Arbor Realty Trust ABR , sporting a Zacks Rank of 1 (Strong Buy), and Columbia Property Trust CXP , carrying a Zacks Rank of 2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Mid-America Apartment Communities, Inc. (MAA): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report To read this article on Zacks.com click here. It is a residential real estate investment trust (REIT) engaged in owning, acquiring, operating and selective development of apartment communities. | Key Picks Some better-ranked stocks in the REIT space are One Liberty Properties OLP and Arbor Realty Trust ABR , sporting a Zacks Rank of 1 (Strong Buy), and Columbia Property Trust CXP , carrying a Zacks Rank of 2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Mid-America Apartment Communities, Inc. (MAA): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, solid dividend payouts are arguably the biggest enticement for REIT investors and this represents Mid-America Apartment's 8th consecutive hike in annual common stock dividend. | Key Picks Some better-ranked stocks in the REIT space are One Liberty Properties OLP and Arbor Realty Trust ABR , sporting a Zacks Rank of 1 (Strong Buy), and Columbia Property Trust CXP , carrying a Zacks Rank of 2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Mid-America Apartment Communities, Inc. (MAA): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, solid dividend payouts are arguably the biggest enticement for REIT investors and this represents Mid-America Apartment's 8th consecutive hike in annual common stock dividend. | Key Picks Some better-ranked stocks in the REIT space are One Liberty Properties OLP and Arbor Realty Trust ABR , sporting a Zacks Rank of 1 (Strong Buy), and Columbia Property Trust CXP , carrying a Zacks Rank of 2 (Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Mid-America Apartment Communities, Inc. (MAA): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report Columbia Property Trust, Inc. (CXP): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, solid dividend payouts are arguably the biggest enticement for REIT investors and this represents Mid-America Apartment's 8th consecutive hike in annual common stock dividend. |
30276.0 | 2017-12-04 00:00:00 UTC | Top Ranked Income Stocks to Buy for December 4th | ABR | https://www.nasdaq.com/articles/top-ranked-income-stocks-to-buy-for-december-4th-2017-12-04 | nan | nan | Here are four stocks with buy rank and strong income characteristics for investors to consider today, December 4th:
Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days.
Western Union Company (The) Price and Consensus
Western Union Company (The) Price and Consensus | Western Union Company (The) Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 3.55%, compared with the industry average of 0.00%. Its five-year average dividend yield is 3.17%.
Western Union Company (The) Dividend Yield (TTM)
Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote
HollyFrontier Corporation (HFC): This independent petroleum refiner has witnessed the Zacks Consensus Estimate for its current year earnings advancing 33.1% over the last 60 days.
HollyFrontier Corporation Price and Consensus
HollyFrontier Corporation Price and Consensus | HollyFrontier Corporation Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 2.98%, compared with the industry average of 1.90%. Its five-year average dividend yield is 3.31%.
HollyFrontier Corporation Dividend Yield (TTM)
HollyFrontier Corporation dividend-yield-ttm | HollyFrontier Corporation Quote
Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.
Arbor Realty Trust Price and Consensus
Arbor Realty Trust Price and Consensus | Arbor Realty Trust Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 8.79%, compared with the industry average of 3.95%. Its five-year average dividend yield is 7.97%.
Arbor Realty Trust Dividend Yield (TTM)
Arbor Realty Trust dividend-yield-ttm | Arbor Realty Trust Quote
The Buckle, Inc. (BKE): This retailer of casual apparel has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days.
Buckle, Inc. (The) Price and Consensus
Buckle, Inc. (The) Price and Consensus | Buckle, Inc. (The) Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 4.64%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.84%.
Buckle, Inc. (The) Dividend Yield (TTM)
Buckle, Inc. (The) dividend-yield-ttm | Buckle, Inc. (The) Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
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Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
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Western Union Company (The) (WU): Free Stock Analysis Report
HollyFrontier Corporation (HFC): Free Stock Analysis Report
Buckle, Inc. (The) (BKE): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | HollyFrontier Corporation Dividend Yield (TTM) HollyFrontier Corporation dividend-yield-ttm | HollyFrontier Corporation Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report HollyFrontier Corporation (HFC): Free Stock Analysis Report Buckle, Inc. (The) (BKE): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, December 4th: Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days. | Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report HollyFrontier Corporation (HFC): Free Stock Analysis Report Buckle, Inc. (The) (BKE): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. HollyFrontier Corporation Dividend Yield (TTM) HollyFrontier Corporation dividend-yield-ttm | HollyFrontier Corporation Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Western Union Company (The) Price and Consensus Western Union Company (The) Price and Consensus | Western Union Company (The) Quote This Zacks Rank #2 (Buy) company has a dividend yield of 3.55%, compared with the industry average of 0.00%. | Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report HollyFrontier Corporation (HFC): Free Stock Analysis Report Buckle, Inc. (The) (BKE): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. HollyFrontier Corporation Dividend Yield (TTM) HollyFrontier Corporation dividend-yield-ttm | HollyFrontier Corporation Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Western Union Company (The) Price and Consensus Western Union Company (The) Price and Consensus | Western Union Company (The) Quote This Zacks Rank #2 (Buy) company has a dividend yield of 3.55%, compared with the industry average of 0.00%. | Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report HollyFrontier Corporation (HFC): Free Stock Analysis Report Buckle, Inc. (The) (BKE): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. HollyFrontier Corporation Dividend Yield (TTM) HollyFrontier Corporation dividend-yield-ttm | HollyFrontier Corporation Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Here are four stocks with buy rank and strong income characteristics for investors to consider today, December 4th: Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days. |
30277.0 | 2017-11-28 00:00:00 UTC | Buy 5 Top-Ranked High Dividend-Yielding Stocks in 2017 | ABR | https://www.nasdaq.com/articles/buy-5-top-ranked-high-dividend-yielding-stocks-in-2017-2017-11-28 | nan | nan | The U.S. economy is on a solid ground. Strong GDP (gross domestic product) growth supported by encouraging labor market, retail sales and industrial production data has accelerated economic activities. Consumer spending has increased backed by broadly encouraging economic conditions and strong government outlays.
In the third quarter of 2017, the U.S. economy improved at an impressive annual rate of 3%. This came in above the consensus estimate of 2.6%, although the figure was slightly below the second quarter figure of 3.1%. This was also the first time since 2014 that the U.S. economy expanded at 3% year over year for two consecutive quarters. Moreover, business investment increased 3.9%, inventories rose 0.7% and the trade sector gained 0.4%.
Double-Edged Sword of Trump
President Donald Trump's proposed policy changes have made the overall economic outlook fairly bullish. The two pro-growth agendas of Trump, namely, significant cut in corporate tax and deregulation are major catalysts to the U.S. economy. The proposal to reduce corporate taxes from their current 35% to 20% is likely to bring corporate tax rate at its historic low in 78 years. The tax proposal is likely to provide incentives to companies to repatriate accumulated profits from overseas with an even lower tax rate.
Additionally, Trump has stated that he wants to do away with nearly 75% of all governmental regulations during this term as President. Industry circle believes that the financial sector will be one of the major beneficiaries of such changes.
Other important sectors such as healthcare may also be greatly benefitted. Major proposals like a pledge to spend $1 trillion in infrastructure projects over a period of 10 years coupled with the above-mentioned policy changes are likely to spur higher consumer spending that may create about 25 million new jobs over a decade. This in turn will fuel long-term economic growth.
Strong Consumer Sentiment Data
American consumers are gradually gaining confidence in the economy. A decline in gas prices, record low jobless rate and series of highs for the stock market buoyed optimism on household finances and the economy. The U.S. economy has started to expand close to the range expected by Trump and some other Republicans, while both manufacturing and service sectors accelerated at a record pace for the last couple of months.
According to the University of Michigan, the U.S. consumer sentiment index hit 98.5 compared with an estimate of 98.0. The data shows consumers' growing confidence in future income and job prospects. The U.S. economy rebounded from the hurricanes and added 261,000 jobs in October 2017. Unemployment rate was 4.1%, the lowest since December 2000. The more the confidence households generate the more will they spend. Notably, consumer spending accounts for roughly 70% of the U.S. economy.
Momentum to Continue in 2018
Solid employment growth, a stable monetary policy of Fed, a slowly rising interest rate, and an expected increase in business profit from a massive corporate tax cut are likely to pave the way for encouraging growth in 2018. Upbeat corporate earnings have been instrumental in driving the S&P 500 index. Trump administration's tax reform and deregulation proposals and sustained strong earnings performance are the factors powering this ascent. Such factors are unlikely to disappear in the near term.
Why Dividend Matters
One of the easiest ways for any company to raise its shareholders' wealth is to hike dividend rate. Typically, well established, profitable companies pay dividends. However, companies that do not pay dividends are not necessarily without profits. Investors looking for income producing (dividends) stocks are well served by looking for both growth and income, i.e., companies with stable earnings growth that pay a solid dividend. (Read More: The #1 Trading Strategy for Today's Market )
As the U.S. economy is growing steadily supported by strong data of various macro-indicators, many of these large companies are likely to generate massive cash but because of their size, may not have the growth opportunities they once had. For that reason high dividend-yielding companies will be attractive for investors.
Our Choice
At this stage, we are offering five stocks to investors with a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here . All these stocks also have a favourable P/E ratio compared with their respective industries which will enable the investor's to tap the potential value.
CVR Refining LPCVRR : Headquartered in Sugar Land, TX, the company is engaged in the refining of petroleum primarily in the United States. It has refining and related logistics assets that operate in the mid-continent region. Its current dividend yield is 30.32%. One-year forward P/E is 8.20x compared with the industry average of 17.81x.
Orchid Island Capital Inc.ORC : Headquartered in Vero Beach, FL, the company is a specialty finance company that invests in residential mortgage-backed securities the principal and interest payments of which are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. Its current dividend yield is 16.99%. One-year forward P/E is 4.93x compared with the industry average of 11.30x.
Arbor Realty Trust Inc.ABR : Headquartered in Uniondale, NY, the company is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. Its current dividend yield is 8.69%. One-year forward P/E is 8.72x compared with the industry average of 15.79x.
One Liberty Properties Inc.OLP : Headquartered in Great Neck, NY, the company is a real estate investment trust which invests primarily in improved, commercial real estate under long-term net lease. Its current dividend yield is 6.44%. One-year forward P/E is 12.66x compared with the industry average of 15.79x.
Rice Midstream Partners LPRMP : Headquartered in Canonsburg, PA, the company is a midstream energy company. It owns, operates, develops and acquires midstream assets in the Appalachian Basin. Its current dividend yield is 5.38%. One-year forward P/E is 13.42x compared with the industry average of 31.82x.
Consolidate Chart
The chart below shows the price performance of all the above-mentioned stocks in the last three months.
Bottom Line
Investment in high-dividend paying stocks, over a reasonable time period, is likely to fetch good returns. With the momentum in U.S. economy expected to continue in the near-term, we believe investors should choose stocks which promise strong dividend yield and carry a favorable Zacks Rank to cash on future growth.
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CVR Refining, LP (CVRR): Free Stock Analysis Report
Orchid Island Capital, Inc. (ORC): Free Stock Analysis Report
Rice Midstream Partners LP (RMP): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
One Liberty Properties, Inc. (OLP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust Inc.ABR : Headquartered in Uniondale, NY, the company is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. Click to get this free report CVR Refining, LP (CVRR): Free Stock Analysis Report Orchid Island Capital, Inc. (ORC): Free Stock Analysis Report Rice Midstream Partners LP (RMP): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report To read this article on Zacks.com click here. A decline in gas prices, record low jobless rate and series of highs for the stock market buoyed optimism on household finances and the economy. | Arbor Realty Trust Inc.ABR : Headquartered in Uniondale, NY, the company is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. Click to get this free report CVR Refining, LP (CVRR): Free Stock Analysis Report Orchid Island Capital, Inc. (ORC): Free Stock Analysis Report Rice Midstream Partners LP (RMP): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report To read this article on Zacks.com click here. One Liberty Properties Inc.OLP : Headquartered in Great Neck, NY, the company is a real estate investment trust which invests primarily in improved, commercial real estate under long-term net lease. | Click to get this free report CVR Refining, LP (CVRR): Free Stock Analysis Report Orchid Island Capital, Inc. (ORC): Free Stock Analysis Report Rice Midstream Partners LP (RMP): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust Inc.ABR : Headquartered in Uniondale, NY, the company is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. Investors looking for income producing (dividends) stocks are well served by looking for both growth and income, i.e., companies with stable earnings growth that pay a solid dividend. | Arbor Realty Trust Inc.ABR : Headquartered in Uniondale, NY, the company is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. Click to get this free report CVR Refining, LP (CVRR): Free Stock Analysis Report Orchid Island Capital, Inc. (ORC): Free Stock Analysis Report Rice Midstream Partners LP (RMP): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report One Liberty Properties, Inc. (OLP): Free Stock Analysis Report To read this article on Zacks.com click here. This was also the first time since 2014 that the U.S. economy expanded at 3% year over year for two consecutive quarters. |
30278.0 | 2017-11-27 00:00:00 UTC | Top Ranked Income Stocks to Buy for November 27th | ABR | https://www.nasdaq.com/articles/top-ranked-income-stocks-to-buy-for-november-27th-2017-11-27 | nan | nan | Here are four stocks with buy rank and strong income characteristics for investors to consider today, November 27th:
Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days.
Western Union Company (The) Price and Consensus
Western Union Company (The) Price and Consensus | Western Union Company (The) Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 3.56%, compared with the industry average of 0.00%. Its five-year average dividend yield is 3.17%.
Western Union Company (The) Dividend Yield (TTM)
Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote
HollyFrontier Corporation (HFC): This independent petroleum refiner has witnessed the Zacks Consensus Estimate for its current year earnings advancing 44.7% over the last 60 days.
HollyFrontier Corporation Price and Consensus
HollyFrontier Corporation Price and Consensus | HollyFrontier Corporation Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 3.00%, compared with the industry average of 1.76%. Its five-year average dividend yield is 3.31%.
HollyFrontier Corporation Dividend Yield (TTM)
HollyFrontier Corporation dividend-yield-ttm | HollyFrontier Corporation Quote
Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.
Arbor Realty Trust Price and Consensus
Arbor Realty Trust Price and Consensus | Arbor Realty Trust Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 8.69%, compared with the industry average of 3.99%. Its five-year average dividend yield is 7.97%.
Arbor Realty Trust Dividend Yield (TTM)
Arbor Realty Trust dividend-yield-ttm | Arbor Realty Trust Quote
The Buckle, Inc. (BKE): This retailer of casual apparel has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 60 days.
Buckle, Inc. (The) Price and Consensus
Buckle, Inc. (The) Price and Consensus | Buckle, Inc. (The) Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 4.72%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.84%.
Buckle, Inc. (The) Dividend Yield (TTM)
Buckle, Inc. (The) dividend-yield-ttm | Buckle, Inc. (The) Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Western Union Company (The) (WU): Free Stock Analysis Report
HollyFrontier Corporation (HFC): Free Stock Analysis Report
Buckle, Inc. (The) (BKE): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | HollyFrontier Corporation Dividend Yield (TTM) HollyFrontier Corporation dividend-yield-ttm | HollyFrontier Corporation Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report HollyFrontier Corporation (HFC): Free Stock Analysis Report Buckle, Inc. (The) (BKE): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, November 27th: Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days. | HollyFrontier Corporation Dividend Yield (TTM) HollyFrontier Corporation dividend-yield-ttm | HollyFrontier Corporation Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report HollyFrontier Corporation (HFC): Free Stock Analysis Report Buckle, Inc. (The) (BKE): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust Price and Consensus Arbor Realty Trust Price and Consensus | Arbor Realty Trust Quote This Zacks Rank #1 (Strong Buy) company has a dividend yield of 8.69%, compared with the industry average of 3.99%. | Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report HollyFrontier Corporation (HFC): Free Stock Analysis Report Buckle, Inc. (The) (BKE): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. HollyFrontier Corporation Dividend Yield (TTM) HollyFrontier Corporation dividend-yield-ttm | HollyFrontier Corporation Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Western Union Company (The) Price and Consensus Western Union Company (The) Price and Consensus | Western Union Company (The) Quote This Zacks Rank #2 (Buy) company has a dividend yield of 3.56%, compared with the industry average of 0.00%. | HollyFrontier Corporation Dividend Yield (TTM) HollyFrontier Corporation dividend-yield-ttm | HollyFrontier Corporation Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report HollyFrontier Corporation (HFC): Free Stock Analysis Report Buckle, Inc. (The) (BKE): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, November 27th: Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days. |
30279.0 | 2017-11-17 00:00:00 UTC | Top Ranked Income Stocks to Buy for November 17th | ABR | https://www.nasdaq.com/articles/top-ranked-income-stocks-to-buy-for-november-17th-2017-11-17 | nan | nan | Here are four stocks with buy rank and strong income characteristics for investors to consider today, November 17th:
Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days.
Western Union Company (The) Price and Consensus
Western Union Company (The) price-consensus-chart | Western Union Company (The) Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 3.57%, compared with the industry average of 0.00%. Its five-year average dividend yield is 3.17%.
Western Union Company (The) Dividend Yield (TTM)
Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote
Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.
Arbor Realty Trust Price and Consensus
Arbor Realty Trust price-consensus-chart | Arbor Realty Trust Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 9.26%, compared with the industry average of 3.99%. Its five-year average dividend yield is 7.97%.
Arbor Realty Trust Dividend Yield (TTM)
Arbor Realty Trust dividend-yield-ttm | Arbor Realty Trust Quote
Vector Group Ltd. ( VGR ): This manufacturer and seller cigarettes has witnessed the Zacks Consensus Estimate for its current year earnings advancing 3.1% over the last 60 days.
Vector Group Ltd. Price and Consensus
Vector Group Ltd. price-consensus-chart | Vector Group Ltd. Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 7.36%, compared with the industry average of 2.14%. Its five-year average dividend yield is 7.95%.
Vector Group Ltd. Dividend Yield (TTM)
Vector Group Ltd. dividend-yield-ttm | Vector Group Ltd. Quote
PBF Energy Inc. (PBF): This petroleum refiner and supplier, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 59% over the last 60 days.
PBF Energy Inc. Price and Consensus
PBF Energy Inc. price-consensus-chart | PBF Energy Inc. Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 3.75%, compared with the industry average of 1.73%. Its five-year average dividend yield is 4.16%.
PBF Energy Inc. Dividend Yield (TTM)
PBF Energy Inc. dividend-yield-ttm | PBF Energy Inc. Quote
See the full list of top ranked stocks here.
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Zacks' Best Private Investment Ideas
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Western Union Company (The) Dividend Yield (TTM) Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report Vector Group Ltd. (VGR): Free Stock Analysis Report PBF Energy Inc. (PBF): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, November 17th: Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days. | Western Union Company (The) Dividend Yield (TTM) Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report Vector Group Ltd. (VGR): Free Stock Analysis Report PBF Energy Inc. (PBF): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust Dividend Yield (TTM) Arbor Realty Trust dividend-yield-ttm | Arbor Realty Trust Quote Vector Group Ltd. ( VGR ): This manufacturer and seller cigarettes has witnessed the Zacks Consensus Estimate for its current year earnings advancing 3.1% over the last 60 days. | Western Union Company (The) Dividend Yield (TTM) Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report Vector Group Ltd. (VGR): Free Stock Analysis Report PBF Energy Inc. (PBF): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Western Union Company (The) Price and Consensus Western Union Company (The) price-consensus-chart | Western Union Company (The) Quote This Zacks Rank #2 (Buy) company has a dividend yield of 3.57%, compared with the industry average of 0.00%. | Western Union Company (The) Dividend Yield (TTM) Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report Vector Group Ltd. (VGR): Free Stock Analysis Report PBF Energy Inc. (PBF): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, November 17th: Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days. |
30280.0 | 2017-11-17 00:00:00 UTC | Zacks.com highlights: Malibu Boats, MasTec, Orbotech, Arbor Realty Trust and Triton International | ABR | https://www.nasdaq.com/articles/zacks.com-highlights%3A-malibu-boats-mastec-orbotech-arbor-realty-trust-and-triton | nan | nan | For Immediate Release
Chicago, IL - November 17, 2017 - Stocks in this week's article include: Malibu Boats, Inc.MBUU , MasTec, Inc.MTZ , Orbotech Ltd.ORBK , Arbor Realty Trust, Inc.ABR and Triton International LimitedTRTN .
Screen of the Week of Zacks Investment Research:
5 Profitable Stocks with the Midas Touch
The best possible way to determine a company's ability to effectively manage all its business-related costs is by using profitability analysis. Although a profitable company with weak fundamentals may impress investors, multiple studies highlighted that a profitable entity generally provides better returns than a loss-making one.
Here, we have used the concept of accounting ratios to evaluate a company's profitability. There is a variety of profitability ratios, from which we have chosen the most common and successful profitability metric to determine the bottom-line performance of a company.
Net Income Ratio
Net income ratio gives us the exact profitability level of a company. It reflects the percentage of net income to total sales revenues. Using net income ratio, one can determine a company's effectiveness to pay for its operating and non-operating expenses from its revenues. A higher net income ratio usually implies a company's ability to generate ample revenues and successfully manage all its business functions.
And that's what we're screening for today…
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/283052/5-profitable-stocks-with-midas-touch
Get the remaining stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back testing software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
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Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Triton International Limited (TRTN): Free Stock Analysis Report
Orbotech Ltd. (ORBK): Free Stock Analysis Report
MasTec, Inc. (MTZ): Free Stock Analysis Report
Malibu Boats, Inc. (MBUU): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL - November 17, 2017 - Stocks in this week's article include: Malibu Boats, Inc.MBUU , MasTec, Inc.MTZ , Orbotech Ltd.ORBK , Arbor Realty Trust, Inc.ABR and Triton International LimitedTRTN . Click to get this free report Triton International Limited (TRTN): Free Stock Analysis Report Orbotech Ltd. (ORBK): Free Stock Analysis Report MasTec, Inc. (MTZ): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. A higher net income ratio usually implies a company's ability to generate ample revenues and successfully manage all its business functions. | For Immediate Release Chicago, IL - November 17, 2017 - Stocks in this week's article include: Malibu Boats, Inc.MBUU , MasTec, Inc.MTZ , Orbotech Ltd.ORBK , Arbor Realty Trust, Inc.ABR and Triton International LimitedTRTN . Click to get this free report Triton International Limited (TRTN): Free Stock Analysis Report Orbotech Ltd. (ORBK): Free Stock Analysis Report MasTec, Inc. (MTZ): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. | Click to get this free report Triton International Limited (TRTN): Free Stock Analysis Report Orbotech Ltd. (ORBK): Free Stock Analysis Report MasTec, Inc. (MTZ): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - November 17, 2017 - Stocks in this week's article include: Malibu Boats, Inc.MBUU , MasTec, Inc.MTZ , Orbotech Ltd.ORBK , Arbor Realty Trust, Inc.ABR and Triton International LimitedTRTN . Screen of the Week of Zacks Investment Research: 5 Profitable Stocks with the Midas Touch The best possible way to determine a company's ability to effectively manage all its business-related costs is by using profitability analysis. | For Immediate Release Chicago, IL - November 17, 2017 - Stocks in this week's article include: Malibu Boats, Inc.MBUU , MasTec, Inc.MTZ , Orbotech Ltd.ORBK , Arbor Realty Trust, Inc.ABR and Triton International LimitedTRTN . Click to get this free report Triton International Limited (TRTN): Free Stock Analysis Report Orbotech Ltd. (ORBK): Free Stock Analysis Report MasTec, Inc. (MTZ): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Screen of the Week of Zacks Investment Research: 5 Profitable Stocks with the Midas Touch The best possible way to determine a company's ability to effectively manage all its business-related costs is by using profitability analysis. |
30281.0 | 2017-11-16 00:00:00 UTC | 5 Profitable Stocks With Midas Touch | ABR | https://www.nasdaq.com/articles/5-profitable-stocks-with-midas-touch-2017-11-16 | nan | nan | The best possible way to determine a company's ability to effectively manage all its business-related costs is by using profitability analysis. Although a profitable company with weak fundamentals may impress investors, multiple studies highlighted that a profitable entity generally provides better returns than a loss-making one.
Here, we have used the concept of accounting ratios to evaluate a company's profitability. There is a variety of profitability ratios, from which we have chosen the most common and successful profitability metric to determine the bottom-line performance of a company.
Net Income Ratio
Net income ratio gives us the exact profitability level of a company. It reflects the percentage of net income to total sales revenues. Using net income ratio, one can determine a company's effectiveness to pay for its operating and non-operating expenses from its revenues. A higher net income ratio usually implies a company's ability to generate ample revenues and successfully manage all its business functions.
Screening Parameters
Net income ratio is not the only indicator of future winners. So we have added a few more criteria to arrive at a winning strategy.
Zacks Rank Equal to #1: Only Zacks Rank #1 (Strong Buy) stocks are allowed. With the Zacks Rank proving itself to be one of the best rating systems out there, this is a great way to start things off. You can see the complete list of today's Zacks #1 Rank stocks here .
12-Month Trailing Sales and Net Income Growth Higher than X Industry: Stocks that possess higher sales and net income growth in the last 12 months showcase better financial performance.
12-Month Trailing Net Income Ratio Higher than X Industry: High net income ratio indicates a company's solid profitability.
% Rating Strong Buy greater than 70%: This indicates that 70% of the analysts covering these stocks are optimistic.
These few parameters narrowed down the universe of over 7,864 stocks to only 10.
Here are five of the 10 stocks that qualified the screen:
Malibu Boats, Inc.MBUU is a designer, manufacturer, distributor, marketer and seller of recreational powerboats. It has an average four-quarter positive earnings surprise of 13.8%.
MasTec, Inc.MTZ is an infrastructure construction company. It has an average four-quarter positive earnings surprise of 28.1%.
Orbotech Ltd.ORBK is a provider of yield-enhancing and process-enabling solutions. It has an average four-quarter positive earnings surprise of 1.4%.
Arbor Realty Trust, Inc.ABR is a diversified portfolio of structured finance assets in the commercial real estate markets. It has an average four-quarter positive earnings surprise of 31.9%.
Triton International LimitedTRTN is involved in the acquisition, leasing, re-leasing, and sale of various intermodal containers. It has an average four-quarter positive earnings surprise of 3.9%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
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Triton International Limited (TRTN): Free Stock Analysis Report
Orbotech Ltd. (ORBK): Free Stock Analysis Report
MasTec, Inc. (MTZ): Free Stock Analysis Report
Malibu Boats, Inc. (MBUU): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust, Inc.ABR is a diversified portfolio of structured finance assets in the commercial real estate markets. Click to get this free report Triton International Limited (TRTN): Free Stock Analysis Report Orbotech Ltd. (ORBK): Free Stock Analysis Report MasTec, Inc. (MTZ): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. A higher net income ratio usually implies a company's ability to generate ample revenues and successfully manage all its business functions. | Click to get this free report Triton International Limited (TRTN): Free Stock Analysis Report Orbotech Ltd. (ORBK): Free Stock Analysis Report MasTec, Inc. (MTZ): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust, Inc.ABR is a diversified portfolio of structured finance assets in the commercial real estate markets. 12-Month Trailing Sales and Net Income Growth Higher than X Industry: Stocks that possess higher sales and net income growth in the last 12 months showcase better financial performance. | Click to get this free report Triton International Limited (TRTN): Free Stock Analysis Report Orbotech Ltd. (ORBK): Free Stock Analysis Report MasTec, Inc. (MTZ): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust, Inc.ABR is a diversified portfolio of structured finance assets in the commercial real estate markets. Net Income Ratio Net income ratio gives us the exact profitability level of a company. | Arbor Realty Trust, Inc.ABR is a diversified portfolio of structured finance assets in the commercial real estate markets. Click to get this free report Triton International Limited (TRTN): Free Stock Analysis Report Orbotech Ltd. (ORBK): Free Stock Analysis Report MasTec, Inc. (MTZ): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Screening Parameters Net income ratio is not the only indicator of future winners. |
30282.0 | 2017-11-15 00:00:00 UTC | Top Ranked Income Stocks to Buy for November 15th | ABR | https://www.nasdaq.com/articles/top-ranked-income-stocks-to-buy-for-november-15th-2017-11-15 | nan | nan | Here are four stocks with buy rank and strong income characteristics for investors to consider today, November 15th:
Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days.
Western Union Company Price and Consensus
Western Union Company (The) Price and Consensus | Western Union Company (The) Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 3.56%, compared with the industry average of 0.00%. Its five-year average dividend yield is 3.17%.
Western Union Company Dividend Yield (TTM)
Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote
The Buckle, Inc. (BKE): This retailer of casual apparel has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 60 days.
Buckle, Inc. Price and Consensus
Buckle, Inc. (The) Price and Consensus | Buckle, Inc. (The) Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 5.24%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.84%.
Buckle, Inc. Dividend Yield (TTM)
Buckle, Inc. (The) dividend-yield-ttm | Buckle, Inc. (The) Quote
National Health Investors, Inc. (NHI): This real estate investment trust has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days.
National Health Investors, Inc. Price and Consensus
National Health Investors, Inc. Price and Consensus | National Health Investors, Inc. Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 4.82%, compared with the industry average of 3.99%. Its five-year average dividend yield is 4.95%.
National Health Investors, Inc. Dividend Yield (TTM)
National Health Investors, Inc. dividend-yield-ttm | National Health Investors, Inc. Quote
Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.
Arbor Realty Trust Price and Consensus
Arbor Realty Trust Price and Consensus | Arbor Realty Trust Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 9.18%, compared with the industry average of 3.99%. Its five-year average dividend yield is 7.97%.
Arbor Realty Trust Dividend Yield (TTM)
Arbor Realty Trust dividend-yield-ttm | Arbor Realty Trust Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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Western Union Company (The) (WU): Free Stock Analysis Report
National Health Investors, Inc. (NHI): Free Stock Analysis Report
Buckle, Inc. (The) (BKE): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | National Health Investors, Inc. Dividend Yield (TTM) National Health Investors, Inc. dividend-yield-ttm | National Health Investors, Inc. Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report National Health Investors, Inc. (NHI): Free Stock Analysis Report Buckle, Inc. (The) (BKE): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, November 15th: Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days. | National Health Investors, Inc. Dividend Yield (TTM) National Health Investors, Inc. dividend-yield-ttm | National Health Investors, Inc. Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report National Health Investors, Inc. (NHI): Free Stock Analysis Report Buckle, Inc. (The) (BKE): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust Price and Consensus Arbor Realty Trust Price and Consensus | Arbor Realty Trust Quote This Zacks Rank #1 (Strong Buy) company has a dividend yield of 9.18%, compared with the industry average of 3.99%. | National Health Investors, Inc. Dividend Yield (TTM) National Health Investors, Inc. dividend-yield-ttm | National Health Investors, Inc. Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report National Health Investors, Inc. (NHI): Free Stock Analysis Report Buckle, Inc. (The) (BKE): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Western Union Company Price and Consensus Western Union Company (The) Price and Consensus | Western Union Company (The) Quote This Zacks Rank #2 (Buy) company has a dividend yield of 3.56%, compared with the industry average of 0.00%. | National Health Investors, Inc. Dividend Yield (TTM) National Health Investors, Inc. dividend-yield-ttm | National Health Investors, Inc. Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report National Health Investors, Inc. (NHI): Free Stock Analysis Report Buckle, Inc. (The) (BKE): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, November 15th: Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days. |
30283.0 | 2017-11-13 00:00:00 UTC | Arbor Realty Trust (ABR) Ex-Dividend Date Scheduled for November 14, 2017 | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-ex-dividend-date-scheduled-november-14-2017-2017-11-13 | nan | nan | Arbor Realty Trust ( ABR ) will begin trading ex-dividend on November 14, 2017. A cash dividend payment of $0.19 per share is scheduled to be paid on November 30, 2017. Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 5.56% increase over prior dividend payment. At the current stock price of $8.49, the dividend yield is 8.95%.
The previous trading day's last sale of ABR was $8.49, representing a -5.56% decrease from the 52 week high of $8.99 and a 22.69% increase over the 52 week low of $6.92.
ABR is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) ( AMT ) and Simon Property Group, Inc. ( SPG ). ABR's current earnings per share, an indicator of a company's profitability, is $1.17. Zacks Investment Research reports ABR's forecasted earnings growth in 2017 as 26.58%, compared to an industry average of -.1%.
For more information on the declaration, record and payment dates, visit the ABR Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. ABR is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) ( AMT ) and Simon Property Group, Inc. ( SPG ). Zacks Investment Research reports ABR's forecasted earnings growth in 2017 as 26.58%, compared to an industry average of -.1%. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Arbor Realty Trust ( ABR ) will begin trading ex-dividend on November 14, 2017. Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABR was $8.49, representing a -5.56% decrease from the 52 week high of $8.99 and a 22.69% increase over the 52 week low of $6.92. For more information on the declaration, record and payment dates, visit the ABR Dividend History page. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. ABR's current earnings per share, an indicator of a company's profitability, is $1.17. Arbor Realty Trust ( ABR ) will begin trading ex-dividend on November 14, 2017. |
30284.0 | 2017-11-10 00:00:00 UTC | Top Ranked Income Stocks to Buy for November 10th | ABR | https://www.nasdaq.com/articles/top-ranked-income-stocks-to-buy-for-november-10th-2017-11-10 | nan | nan | Here are four stocks with buy rank and strong income characteristics for investors to consider today, November 10th:
The Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days.
Western Union Company (The) Price and Consensus
Western Union Company (The) price-consensus-chart | Western Union Company (The) Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 3.49%, compared with the industry average of 0.00%. Its five-year average dividend yield is 3.17%.
Western Union Company (The) Dividend Yield (TTM)
Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote
Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.
Arbor Realty Trust Price and Consensus
Arbor Realty Trust price-consensus-chart | Arbor Realty Trust Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 8.50%, compared with the industry average of 4.06%. Its five-year average dividend yield is 7.97%.
Arbor Realty Trust Dividend Yield (TTM)
Arbor Realty Trust dividend-yield-ttm | Arbor Realty Trust Quote
Sociedad Química y Minera de Chile S.A. (SQM): This seller of specialty plant nutrients has witnessed the Zacks Consensus Estimate for its current year earnings advancing 8.1% over the last 60 days.
Sociedad Quimica y Minera S.A. Price and Consensus
Sociedad Quimica y Minera S.A. price-consensus-chart | Sociedad Quimica y Minera S.A. Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.55%, compared with the industry average of 1.31%. Its five-year average dividend yield is 2.95%.
Sociedad Quimica y Minera S.A. Dividend Yield (TTM)
Sociedad Quimica y Minera S.A. dividend-yield-ttm | Sociedad Quimica y Minera S.A. Quote
National Health Investors, Inc. (NHI): This real estate investment trust has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days.
National Health Investors, Inc. Price and Consensus
National Health Investors, Inc. price-consensus-chart | National Health Investors, Inc. Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 4.96%, compared with the industry average of 4.06%. Its five-year average dividend yield is 4.95%.
National Health Investors, Inc. Dividend Yield (TTM)
National Health Investors, Inc. dividend-yield-ttm | National Health Investors, Inc. Quote
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Western Union Company (The) (WU): Free Stock Analysis Report
Sociedad Quimica y Minera S.A. (SQM): Free Stock Analysis Report
National Health Investors, Inc. (NHI): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Western Union Company (The) Dividend Yield (TTM) Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report Sociedad Quimica y Minera S.A. (SQM): Free Stock Analysis Report National Health Investors, Inc. (NHI): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, November 10th: The Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days. | Western Union Company (The) Dividend Yield (TTM) Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report Sociedad Quimica y Minera S.A. (SQM): Free Stock Analysis Report National Health Investors, Inc. (NHI): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Sociedad Quimica y Minera S.A. Dividend Yield (TTM) Sociedad Quimica y Minera S.A. dividend-yield-ttm | Sociedad Quimica y Minera S.A. Quote National Health Investors, Inc. (NHI): This real estate investment trust has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days. | Western Union Company (The) Dividend Yield (TTM) Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report Sociedad Quimica y Minera S.A. (SQM): Free Stock Analysis Report National Health Investors, Inc. (NHI): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Sociedad Quimica y Minera S.A. Dividend Yield (TTM) Sociedad Quimica y Minera S.A. dividend-yield-ttm | Sociedad Quimica y Minera S.A. Quote National Health Investors, Inc. (NHI): This real estate investment trust has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days. | Click to get this free report Western Union Company (The) (WU): Free Stock Analysis Report Sociedad Quimica y Minera S.A. (SQM): Free Stock Analysis Report National Health Investors, Inc. (NHI): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Western Union Company (The) Dividend Yield (TTM) Western Union Company (The) dividend-yield-ttm | Western Union Company (The) Quote Arbor Realty Trust, Inc. (ABR): This specialized real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Here are four stocks with buy rank and strong income characteristics for investors to consider today, November 10th: The Western Union Company (WU): This payment services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.2% over the last 60 days. |
30285.0 | 2017-09-27 00:00:00 UTC | New Strong Sell Stocks for September 27th | ABR | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-september-27th-2017-09-27 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
A-Mark Precious Metals IncAMRK is a precious metal trading company. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days.
ABM Industries, Inc.ABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 60 days.
Apollo Commercial Real Est. Finance IncARI is a real estate investment trust. The Zacks Consensus Estimate for its current year earnings has been revised 3.2% downward over the last 60 days.
Arbor Realty Trust IncABR invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets. The Zacks Consensus Estimate for its current year earnings has been revised 2.1% downward over the last 60 days.
Ball CorporationBLL is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Zacks Consensus Estimate for its current year earnings has been revised almost 6% downward over the last 60 days.
View the entire Zacks Rank #5 List .
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ABM Industries Incorporated (ABM): Free Stock Analysis Report
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A-Mark Precious Metals, Inc. (AMRK): Free Stock Analysis Report
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Apollo Commercial Real Estate Finance (ARI): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust IncABR invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Ball Corporation (BLL): Free Stock Analysis Report A-Mark Precious Metals, Inc. (AMRK): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Apollo Commercial Real Estate Finance (ARI): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Ball Corporation (BLL): Free Stock Analysis Report A-Mark Precious Metals, Inc. (AMRK): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Apollo Commercial Real Estate Finance (ARI): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust IncABR invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: A-Mark Precious Metals IncAMRK is a precious metal trading company. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Ball Corporation (BLL): Free Stock Analysis Report A-Mark Precious Metals, Inc. (AMRK): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Apollo Commercial Real Estate Finance (ARI): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust IncABR invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days. | Arbor Realty Trust IncABR invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Ball Corporation (BLL): Free Stock Analysis Report A-Mark Precious Metals, Inc. (AMRK): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Apollo Commercial Real Estate Finance (ARI): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: A-Mark Precious Metals IncAMRK is a precious metal trading company. |
30286.0 | 2017-08-11 00:00:00 UTC | Arbor Realty Trust (ABR) Ex-Dividend Date Scheduled for August 14, 2017 | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-ex-dividend-date-scheduled-august-14-2017-2017-08-11 | nan | nan | Arbor Realty Trust ( ABR ) will begin trading ex-dividend on August 14, 2017. A cash dividend payment of $0.18 per share is scheduled to be paid on August 31, 2017. Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 12.5% increase over prior dividend payment. At the current stock price of $8.21, the dividend yield is 8.77%.
The previous trading day's last sale of ABR was $8.21, representing a -8.68% decrease from the 52 week high of $8.99 and a 18.64% increase over the 52 week low of $6.92.
ABR is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) ( AMT ) and Simon Property Group, Inc. ( SPG ). ABR's current earnings per share, an indicator of a company's profitability, is $1.12. Zacks Investment Research reports ABR's forecasted earnings growth in 2017 as 16.46%, compared to an industry average of .2%.
For more information on the declaration, record and payment dates, visit the ABR Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. ABR is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) ( AMT ) and Simon Property Group, Inc. ( SPG ). Zacks Investment Research reports ABR's forecasted earnings growth in 2017 as 16.46%, compared to an industry average of .2%. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Arbor Realty Trust ( ABR ) will begin trading ex-dividend on August 14, 2017. Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABR was $8.21, representing a -8.68% decrease from the 52 week high of $8.99 and a 18.64% increase over the 52 week low of $6.92. For more information on the declaration, record and payment dates, visit the ABR Dividend History page. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. ABR's current earnings per share, an indicator of a company's profitability, is $1.12. Arbor Realty Trust ( ABR ) will begin trading ex-dividend on August 14, 2017. |
30287.0 | 2017-08-09 00:00:00 UTC | Arbor Realty Trust Series C Cumulative Redeemable Preferred Stock Ex-Dividend Reminder | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-series-c-cumulative-redeemable-preferred-stock-ex-dividend-reminder | nan | nan | On 8/11/17, Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock (Symbol: ABR.PRC) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 8/31/17. As a percentage of ABR.PRC's recent share price of $26.42, this dividend works out to approximately 2.01%, so look for shares of ABR.PRC to trade 2.01% lower - all else being equal - when ABR.PRC shares open for trading on 8/11/17. On an annualized basis, the current yield is approximately 8.04%, which compares to an average yield of 7.07% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of ABR.PRC shares, versus ABR:
Below is a dividend history chart for ABR.PRC, showing historical dividends prior to the most recent $0.5312 on Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock:
In Wednesday trading, Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock (Symbol: ABR.PRC) is currently trading flat on the day, while the common shares (Symbol: ABR) are up about 0.7%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On 8/11/17, Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock (Symbol: ABR.PRC) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 8/31/17. The chart below shows the one year performance of ABR.PRC shares, versus ABR: Below is a dividend history chart for ABR.PRC, showing historical dividends prior to the most recent $0.5312 on Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock: In Wednesday trading, Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock (Symbol: ABR.PRC) is currently trading flat on the day, while the common shares (Symbol: ABR) are up about 0.7%. As a percentage of ABR.PRC's recent share price of $26.42, this dividend works out to approximately 2.01%, so look for shares of ABR.PRC to trade 2.01% lower - all else being equal - when ABR.PRC shares open for trading on 8/11/17. | On 8/11/17, Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock (Symbol: ABR.PRC) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 8/31/17. The chart below shows the one year performance of ABR.PRC shares, versus ABR: Below is a dividend history chart for ABR.PRC, showing historical dividends prior to the most recent $0.5312 on Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock: In Wednesday trading, Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock (Symbol: ABR.PRC) is currently trading flat on the day, while the common shares (Symbol: ABR) are up about 0.7%. As a percentage of ABR.PRC's recent share price of $26.42, this dividend works out to approximately 2.01%, so look for shares of ABR.PRC to trade 2.01% lower - all else being equal - when ABR.PRC shares open for trading on 8/11/17. | The chart below shows the one year performance of ABR.PRC shares, versus ABR: Below is a dividend history chart for ABR.PRC, showing historical dividends prior to the most recent $0.5312 on Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock: In Wednesday trading, Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock (Symbol: ABR.PRC) is currently trading flat on the day, while the common shares (Symbol: ABR) are up about 0.7%. On 8/11/17, Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock (Symbol: ABR.PRC) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 8/31/17. As a percentage of ABR.PRC's recent share price of $26.42, this dividend works out to approximately 2.01%, so look for shares of ABR.PRC to trade 2.01% lower - all else being equal - when ABR.PRC shares open for trading on 8/11/17. | The chart below shows the one year performance of ABR.PRC shares, versus ABR: Below is a dividend history chart for ABR.PRC, showing historical dividends prior to the most recent $0.5312 on Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock: In Wednesday trading, Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock (Symbol: ABR.PRC) is currently trading flat on the day, while the common shares (Symbol: ABR) are up about 0.7%. On 8/11/17, Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock (Symbol: ABR.PRC) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 8/31/17. As a percentage of ABR.PRC's recent share price of $26.42, this dividend works out to approximately 2.01%, so look for shares of ABR.PRC to trade 2.01% lower - all else being equal - when ABR.PRC shares open for trading on 8/11/17. |
30288.0 | 2017-07-25 00:00:00 UTC | InfraREIT (HIFR) in Focus: Stock Moves 9.05% Higher | ABR | https://www.nasdaq.com/articles/infrareit-hifr-in-focus%3A-stock-moves-9.05-higher-2017-07-25 | nan | nan | InfraREIT, Inc.HIFR was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $18.96 to $19.89 in the past one month time frame.
The company has not seen any estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
InfraREIT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
InfraREIT, Inc. Price and Consensus
InfraREIT, Inc. Price and Consensus | InfraREIT, Inc. Quote
A better-ranked stock in the REIT and Equity Trust - Other industry is Arbor Realty Trust, Inc. ABR , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Is HIFRgoing up? Or down? Predict to see what others think: Up or Down
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | InfraREIT, Inc. Price and Consensus InfraREIT, Inc. Price and Consensus | InfraREIT, Inc. Quote A better-ranked stock in the REIT and Equity Trust - Other industry is Arbor Realty Trust, Inc. ABR , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report InfraREIT, Inc. (HIFR): Free Stock Analysis Report To read this article on Zacks.com click here. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future. | InfraREIT, Inc. Price and Consensus InfraREIT, Inc. Price and Consensus | InfraREIT, Inc. Quote A better-ranked stock in the REIT and Equity Trust - Other industry is Arbor Realty Trust, Inc. ABR , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report InfraREIT, Inc. (HIFR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | InfraREIT, Inc. Price and Consensus InfraREIT, Inc. Price and Consensus | InfraREIT, Inc. Quote A better-ranked stock in the REIT and Equity Trust - Other industry is Arbor Realty Trust, Inc. ABR , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report InfraREIT, Inc. (HIFR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | InfraREIT, Inc. Price and Consensus InfraREIT, Inc. Price and Consensus | InfraREIT, Inc. Quote A better-ranked stock in the REIT and Equity Trust - Other industry is Arbor Realty Trust, Inc. ABR , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report InfraREIT, Inc. (HIFR): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank stocks here . |
30289.0 | 2017-07-19 00:00:00 UTC | Top Ranked Income Stocks to Buy for July 19th | ABR | https://www.nasdaq.com/articles/top-ranked-income-stocks-to-buy-for-july-19th-2017-07-19 | nan | nan | Here are four stocks with buy rank and strong income characteristics for investors to consider today, July 19th:
Arbor Realty Trust, Inc. (ABR): This real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings rising 22.1% over the last 60 days.
Arbor Realty Trust Price and Consensus
Arbor Realty Trust Price and Consensus | Arbor Realty Trust Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 8.79%, compared with the industry average of 4.20%. Its five-year average dividend yield is 7.85%.
Arbor Realty Trust Dividend Yield (TTM)
Arbor Realty Trust Dividend Yield (TTM) | Arbor Realty Trust Quote
Barnes & Noble, Inc. (BKS): This content and commerce companyhas witnessed the Zacks Consensus Estimate for its current year earnings increasing 33.3% over the last 60 days.
Barnes & Noble, Inc. Price and Consensus
Barnes & Noble, Inc. Price and Consensus | Barnes & Noble, Inc. Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 8.22%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.20%.
Barnes & Noble, Inc. Dividend Yield (TTM)
Barnes & Noble, Inc. Dividend Yield (TTM) | Barnes & Noble, Inc. Quote
Caterpillar Inc. (CAT): This leading manufacturer of construction and mining equipmenthas witnessed the Zacks Consensus Estimate for its current year earnings rising 5% over the last 60 days.
Caterpillar, Inc. Price and Consensus
Caterpillar, Inc. Price and Consensus | Caterpillar, Inc. Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 2.91%, compared with the industry average of 0.75%. Its five-year average dividend yield is 3.14%.
Caterpillar, Inc. Dividend Yield (TTM)
Caterpillar, Inc. Dividend Yield (TTM) | Caterpillar, Inc. Quote
Chunghwa Telecom Co., Ltd. (CHT): This major telecom services provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.
Chunghwa Telecom Co., Ltd. Price and Consensus
Chunghwa Telecom Co., Ltd. Price and Consensus | Chunghwa Telecom Co., Ltd. Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 3.77%, compared with the industry average of 1.13%. Its five-year average dividend yield is 3.62%.
Chunghwa Telecom Co., Ltd. Dividend Yield (TTM)
Chunghwa Telecom Co., Ltd. Dividend Yield (TTM) | Chunghwa Telecom Co., Ltd. Quote
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To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are four stocks with buy rank and strong income characteristics for investors to consider today, July 19th: Arbor Realty Trust, Inc. (ABR): This real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings rising 22.1% over the last 60 days. Click to get this free report Chunghwa Telecom Co., Ltd. (CHT): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Barnes & Noble, Inc. (BKS): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust Dividend Yield (TTM) Arbor Realty Trust Dividend Yield (TTM) | Arbor Realty Trust Quote Barnes & Noble, Inc. (BKS): This content and commerce companyhas witnessed the Zacks Consensus Estimate for its current year earnings increasing 33.3% over the last 60 days. | Click to get this free report Chunghwa Telecom Co., Ltd. (CHT): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Barnes & Noble, Inc. (BKS): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, July 19th: Arbor Realty Trust, Inc. (ABR): This real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings rising 22.1% over the last 60 days. Arbor Realty Trust Price and Consensus Arbor Realty Trust Price and Consensus | Arbor Realty Trust Quote This Zacks Rank #2 (Buy) company has a dividend yield of 8.79%, compared with the industry average of 4.20%. | Click to get this free report Chunghwa Telecom Co., Ltd. (CHT): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Barnes & Noble, Inc. (BKS): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, July 19th: Arbor Realty Trust, Inc. (ABR): This real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings rising 22.1% over the last 60 days. Arbor Realty Trust Price and Consensus Arbor Realty Trust Price and Consensus | Arbor Realty Trust Quote This Zacks Rank #2 (Buy) company has a dividend yield of 8.79%, compared with the industry average of 4.20%. | Here are four stocks with buy rank and strong income characteristics for investors to consider today, July 19th: Arbor Realty Trust, Inc. (ABR): This real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings rising 22.1% over the last 60 days. Click to get this free report Chunghwa Telecom Co., Ltd. (CHT): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Barnes & Noble, Inc. (BKS): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report To read this article on Zacks.com click here. Caterpillar, Inc. Price and Consensus Caterpillar, Inc. Price and Consensus | Caterpillar, Inc. Quote This Zacks Rank #2 (Buy) company has a dividend yield of 2.91%, compared with the industry average of 0.75%. |
30290.0 | 2017-05-15 00:00:00 UTC | Terreno (TRNO) Acquires Properties in Washington for $3.7M | ABR | https://www.nasdaq.com/articles/terreno-trno-acquires-properties-in-washington-for-%243.7m-2017-05-15 | nan | nan | Industrial real estate investment trust (REIT) Terreno Realty CorporationTRNO announced the acquisition of an industrial property in Washington, D.C. on May 10. The 22,000-square-foot property, spanning over 0.7 acres, was purchased for approximately $3.7 million.
The property, which is presently vacant, includes four dock-high and one grade-level loading positions, and parking facility for 11 cars. The property is in close proximity to the company's V Street Gateway Business Park and is located at 920 V Street NE, one block from New York Avenue/Route 50 in the northeastern section of the District of Columbia.
In fact, a day ago, Terreno had announced that it acquired six adjacent properties located in Carlstadt, NJ on May 10. The properties spanning over 8.1 acres was purchased for approximately $12 million. (Read more: Terreno Acquires Properties in New Jersey for $12M ).
The latest acquisition is expected to boost Terreno Realty's bottom line, going forward. This San Francisco-based REIT actively focuses on leveraging the improving fundamentals of industrial markets, bolstering its business in key coastal U.S. markets like Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C./Baltimore.
Shares of Terreno Realty outperformed the Zacks categorized REIT and Equity Trust - Other industry in the last three months. Shares of the company increased 15.8%, whereas the industry edged down 0.3%. Also, in the last seven days, both its second-quarter and full-year 2017 funds from operations (FFO) per share estimates moved up.
Terreno Realty currently carries a Zacks Rank # 3 (Hold).
Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
In the last 30 days, American Tower Corporation's FFO per share for second-quarter 2017 increased 1.3% to $1.55.
In the last 30 days, Arbor Realty Trust's FFO per share for second-quarter 2017 remained unchanged at 19 cents.
Equity LifeStyle Properties' second-quarter 2017 FFO per share estimates decreased 1.2% to 81 cents, in the last 30 days.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share .
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American Tower Corporation (REIT) (AMT): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report
Terreno Realty Corporation (TRNO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report To read this article on Zacks.com click here. 5 Trades Could Profit "Big-League" from Trump Policies If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report To read this article on Zacks.com click here. Industrial real estate investment trust (REIT) Terreno Realty CorporationTRNO announced the acquisition of an industrial property in Washington, D.C. on May 10. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report To read this article on Zacks.com click here. Industrial real estate investment trust (REIT) Terreno Realty CorporationTRNO announced the acquisition of an industrial property in Washington, D.C. on May 10. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report To read this article on Zacks.com click here. Industrial real estate investment trust (REIT) Terreno Realty CorporationTRNO announced the acquisition of an industrial property in Washington, D.C. on May 10. |
30291.0 | 2017-05-15 00:00:00 UTC | Armada Hoffler (AHH) Closes Public Offering of 6.9M Shares | ABR | https://www.nasdaq.com/articles/armada-hoffler-ahh-closes-public-offering-of-6.9m-shares-2017-05-15 | nan | nan | Armada Hoffler Properties, Inc.AHH announced the closing of the public offering of 6.9 million common shares at a price of $13 per share. This move has generated net proceeds of around $85.4 million and has added to the financial flexibility of this Virginia Beach-based residential real estate investment trust.
Armada Hoffler Properties is engaged in developing, building, owning and managing office, retail and multifamily properties primarily in the U.S. Its properties are situated in Virginia and North Carolina. The company plans to utilize the net proceeds accrued from the offering for partially repaying its indebtedness under its unsecured revolving credit facility. Also, the company intends to utilize the proceeds for financing development pipeline and for general corporate purposes.
Shares of Armada Hoffler Properties underperformed the Zacks categorized REIT and Equity Trust - Residential industry in the last three months. Shares of the company lost 6.9%, whereas the industry gained 1.3%. Also, in the last seven days, its full-year 2017 funds from operations (FFO) per share estimates moved down.
Armada Hoffler Properties currently carries a Zacks Rank #3 (Hold).
Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
In the last 30 days, American Tower Corporation's FFO per share for second-quarter 2017 increased 1.3% to $1.55.
In the last 30 days, Arbor Realty Trust's FFO per share for second-quarter 2017 remained unchanged at 19 cents.
Equity LifeStyle Properties' second-quarter 2017 FFO per share estimates decreased 1.2% to 81 cents in the last 30 days.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share .
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If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
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American Tower Corporation (REIT) (AMT): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report
Armada Hoffler Properties, Inc. (AHH): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report Armada Hoffler Properties, Inc. (AHH): Free Stock Analysis Report To read this article on Zacks.com click here. 5 Trades Could Profit "Big-League" from Trump Policies If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report Armada Hoffler Properties, Inc. (AHH): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Armada Hoffler Properties underperformed the Zacks categorized REIT and Equity Trust - Residential industry in the last three months. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report Armada Hoffler Properties, Inc. (AHH): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Armada Hoffler Properties underperformed the Zacks categorized REIT and Equity Trust - Residential industry in the last three months. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report Armada Hoffler Properties, Inc. (AHH): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Armada Hoffler Properties underperformed the Zacks categorized REIT and Equity Trust - Residential industry in the last three months. |
30292.0 | 2017-05-12 00:00:00 UTC | Arbor Realty Trust (ABR) Ex-Dividend Date Scheduled for May 15, 2017 | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-ex-dividend-date-scheduled-may-15-2017-2017-05-12 | nan | nan | Arbor Realty Trust ( ABR ) will begin trading ex-dividend on May 15, 2017. A cash dividend payment of $0.18 per share is scheduled to be paid on May 31, 2017. Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $8.24, the dividend yield is 8.74%.
The previous trading day's last sale of ABR was $8.24, representing a -8.34% decrease from the 52 week high of $8.99 and a 24.47% increase over the 52 week low of $6.62.
ABR is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) ( AMT ) and Simon Property Group, Inc. ( SPG ). ABR's current earnings per share, an indicator of a company's profitability, is $1.11. Zacks Investment Research reports ABR's forecasted earnings growth in 2017 as -2.53%, compared to an industry average of .4%.
For more information on the declaration, record and payment dates, visit the ABR Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. ABR is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) ( AMT ) and Simon Property Group, Inc. ( SPG ). Zacks Investment Research reports ABR's forecasted earnings growth in 2017 as -2.53%, compared to an industry average of .4%. | ABR's current earnings per share, an indicator of a company's profitability, is $1.11. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Arbor Realty Trust ( ABR ) will begin trading ex-dividend on May 15, 2017. | Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABR was $8.24, representing a -8.34% decrease from the 52 week high of $8.99 and a 24.47% increase over the 52 week low of $6.62. For more information on the declaration, record and payment dates, visit the ABR Dividend History page. | Arbor Realty Trust ( ABR ) will begin trading ex-dividend on May 15, 2017. Shareholders who purchased ABR prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABR was $8.24, representing a -8.34% decrease from the 52 week high of $8.99 and a 24.47% increase over the 52 week low of $6.62. |
30293.0 | 2017-05-12 00:00:00 UTC | Terreno (TRNO) Acquires Properties in New Jersey for $12M | ABR | https://www.nasdaq.com/articles/terreno-trno-acquires-properties-in-new-jersey-for-%2412m-2017-05-12 | nan | nan | Industrial real estate investment trust (REIT) Terreno Realty CorporationTRNO announced the acquisition of six adjacent properties located in Carlstadt, NJ on May 10. The properties spanning over 8.1 acres was purchased for approximately $12 million.
The properties, which are fully leased to four tenants, include four transshipment facilities providing 32,700 square feet with 75 loading positions and two improved land parcels comprising 1.3 acres. The properties are in close proximity to Avenue A east of Washington Avenue (County Route 503) and are located less than two miles north of the Meadowlands Sports Complex and Exit 16W of the New Jersey Turnpike.
The latest acquisition is expected to boost Terreno Realty's bottom line, going ahead. This San Francisco-based REIT actively focuses on leveraging the improving fundamentals of industrial markets, bolstering its business in key coastal U.S. markets like Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C./Baltimore.
Shares of Terreno Realty outperformed the Zacks categorized REIT and Equity Trust - Other industry, in the last three months. Shares of the company increased 16.1%, whereas the industry gained 0.4%. Also, in the last seven days, its current year funds from operations (FFO) estimate increased 1.8% to $1.15.
Terreno Realty currently carries a Zacks Rank # 3 (Hold).
Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
In the last 30 days, American Tower Corporation's FFO per share for second-quarter 2017 increased 1.3% to $1.55.
In the last 30 days, Arbor Realty Trust's FFO per share for second-quarter 2017 remained unchanged at 19 cents.
Equity LifeStyle Properties' second-quarter 2017 FFO per share estimates decreased 1.2% to 81 cents, in the last 30 days.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share .
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American Tower Corporation (REIT) (AMT): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report
Terreno Realty Corporation (TRNO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report To read this article on Zacks.com click here. Industrial real estate investment trust (REIT) Terreno Realty CorporationTRNO announced the acquisition of six adjacent properties located in Carlstadt, NJ on May 10. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report To read this article on Zacks.com click here. In the last 30 days, American Tower Corporation's FFO per share for second-quarter 2017 increased 1.3% to $1.55. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Terreno Realty outperformed the Zacks categorized REIT and Equity Trust - Other industry, in the last three months. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report To read this article on Zacks.com click here. In the last 30 days, American Tower Corporation's FFO per share for second-quarter 2017 increased 1.3% to $1.55. |
30294.0 | 2017-05-11 00:00:00 UTC | DDR View Lowered by Moody's: Fierce E-Commerce Spoils Sport | ABR | https://www.nasdaq.com/articles/ddr-view-lowered-by-moodys%3A-fierce-e-commerce-spoils-sport-2017-05-11 | nan | nan | Moody's Investors Service, the rating arm of Moody's Corporation MCO has downgraded DDR Corp. 's DDR rating outlook from stable to negative. Weakening core shopping center fundamentals of the Beachwood, OH-based retail real estate investment trust (REIT) prompted the rating agency to downgrade the rating.
DDR Corp. is engaged in acquiring, owning, developing, redeveloping, leasing and managing shopping centers, especially in the high-growth areas of the country. Nevertheless, weak fundamentals, including declining same-store net operating income growth, fall in occupancy and tenant bankruptcies resulted in this rating downgrade.
Additionally, DDR Corp. has high leverage with net debt/EBITDA at 7.0x as of first-quarter 2017. Also, more than one third of its debt is scheduled to be due in the next two years. The rating agency believes that the retail environment will continue to be challenging for another year due to increased retailer competition and growth of e-commerce.
In April, DDR Corp. reported first-quarter 2017 funds from operations (FFO) of 30 cents per share, beating the Zacks Consensus Estimate by a penny. However, the number was a cent lower than the prior-year quarter figure. The year over year decline can be attributed to dilutive effect of deleveraging generated through sale of assets.
Shares of DDR Corp. underperformed the Zacks categorized REIT and Equity Trust - Retail industry in the last three months. Shares of the company decreased 37.6%, whereas the industry lost 9.4%.
Currently, DDR Corp. carries a Zacks Rank #3 (Hold), whereas Moody's has a Zacks Rank #2 (Buy).
Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT and Arbor Realty Trust, Inc. ABR , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
In the last 30 days, American Tower Corporation's FFO per share for second-quarter 2017 increased 1.3% to $1.55.
In the last 30 days, Arbor Realty Trust's FFO per share for second-quarter 2017 remained unchanged at 19 cents.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share .
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American Tower Corporation (REIT) (AMT): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
DDR Corp. (DDR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT and Arbor Realty Trust, Inc. ABR , each carrying a Zacks Rank #2. Click to get this free report Moody's Corporation (MCO): Free Stock Analysis Report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report DDR Corp. (DDR): Free Stock Analysis Report To read this article on Zacks.com click here. Nevertheless, weak fundamentals, including declining same-store net operating income growth, fall in occupancy and tenant bankruptcies resulted in this rating downgrade. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT and Arbor Realty Trust, Inc. ABR , each carrying a Zacks Rank #2. Click to get this free report Moody's Corporation (MCO): Free Stock Analysis Report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report DDR Corp. (DDR): Free Stock Analysis Report To read this article on Zacks.com click here. Moody's Investors Service, the rating arm of Moody's Corporation MCO has downgraded DDR Corp. 's DDR rating outlook from stable to negative. | Click to get this free report Moody's Corporation (MCO): Free Stock Analysis Report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report DDR Corp. (DDR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT and Arbor Realty Trust, Inc. ABR , each carrying a Zacks Rank #2. Currently, DDR Corp. carries a Zacks Rank #3 (Hold), whereas Moody's has a Zacks Rank #2 (Buy). | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT and Arbor Realty Trust, Inc. ABR , each carrying a Zacks Rank #2. Click to get this free report Moody's Corporation (MCO): Free Stock Analysis Report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report DDR Corp. (DDR): Free Stock Analysis Report To read this article on Zacks.com click here. Weakening core shopping center fundamentals of the Beachwood, OH-based retail real estate investment trust (REIT) prompted the rating agency to downgrade the rating. |
30295.0 | 2017-05-10 00:00:00 UTC | PS Business Parks (PSB) Progresses on Solid Portfolio Mix | ABR | https://www.nasdaq.com/articles/ps-business-parks-psb-progresses-on-solid-portfolio-mix-2017-05-10 | nan | nan | We updated our research report on PS Business Parks, Inc.PSB on May 9.
This Glendale, CA-based real estate investment trust (REIT) is engaged in owning, acquiring, developing and operating commercial real estate properties, especially multi-tenant flex, office and industrial. In first-quarter 2017, the company reported funds from operations (FFO) of $1.52 per share, beating the Zacks Consensus Estimate of $1.41. Also, the figure was 20.6% higher than the prior-year quarter figure of $1.26. The rise was attributable to higher net operating income (NOI), lower interest expenses and savings from lower preferred distributions.
In the last 30 days, the company's second-quarter and full-year 2017 FFO per share estimates moved up. PS Business Parks' healthy fundamentals in multi-tenant flex, office and industrial asset categories are expected to support its growth going forward.
The company is attempting portfolio repositioning and is aiming at acquiring well-located, underperforming assets at a discount to replacement costs. These acquisitions will help the company emerge stronger amid improving industrial market fundamentals in the U.S. We expect these efforts to help the company in achieving a better portfolio mix going forward.
However, unfavorable conditions in certain markets, intense competition from developers, owners and operators, and rise in interest rate remain concerns for the company.
Shares of PS Business Parks outperformed the Zacks categorized REIT and Equity Trust - Other industry in the last three months. Shares of the company increased 8.3%, whereas the industry gained 0.6%.
Currently, PS Business Parks carries a Zacks Rank #2 (Buy).
Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
In the last 30 days, American Tower Corporation's FFO per share for second-quarter 2017 increased 1.3% to $1.55.
In the last 30 days, Arbor Realty Trust's FFO per share for second-quarter 2017 remained unchanged at 19 cents.
Equity LifeStyle Properties' second-quarter 2017 FFO per share estimates decreased 1.2% to 81 cents, in the last 30 days.
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American Tower Corporation (REIT) (AMT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report PS Business Parks, Inc. (PSB): Free Stock Analysis Report To read this article on Zacks.com click here. PS Business Parks' healthy fundamentals in multi-tenant flex, office and industrial asset categories are expected to support its growth going forward. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report PS Business Parks, Inc. (PSB): Free Stock Analysis Report To read this article on Zacks.com click here. This Glendale, CA-based real estate investment trust (REIT) is engaged in owning, acquiring, developing and operating commercial real estate properties, especially multi-tenant flex, office and industrial. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report PS Business Parks, Inc. (PSB): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of PS Business Parks outperformed the Zacks categorized REIT and Equity Trust - Other industry in the last three months. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2. Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report PS Business Parks, Inc. (PSB): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of PS Business Parks outperformed the Zacks categorized REIT and Equity Trust - Other industry in the last three months. |
30296.0 | 2017-05-09 00:00:00 UTC | Rayonier (RYN) to Benefit from Acquisitions Despite Q1 Miss | ABR | https://www.nasdaq.com/articles/rayonier-ryn-to-benefit-from-acquisitions-despite-q1-miss-2017-05-09 | nan | nan | We updated our research report on Rayonier Inc.RYN on May 8.
This Jacksonville, FL-based timberland real estate investment trust (REIT) is engaged in owning or leasing timberlands across the U.S. and New Zealand. In early May, the company reported first-quarter 2017 pro forma net income per share of 5 cents, missing the Zacks Consensus Estimate of 9 cents. Also, the bottom line came in lower than the prior-year quarter figure of 11 cents.
Recently, Rayonier completed three transactions with separate sellers for the purchase of around 95,100 acres of industrial timberlands situated in Florida, Georgia and South Carolina. The acquisitions have upgraded the company's U.S. South portfolio and placed it well to benefit from the ongoing U.S. housing recovery as well as the rise in U.S. lumber production.
However, in the last seven days, its 2017 earnings estimate moved down. In fact, the company faces cut-throat competition in the market from national and local players, regarding a number of factors, including quality and price. Additionally, wood products, in general, encounter increasing rivalry from a variety of substitute products, like non-wood and engineered wood products.
Shares of Rayonier have underperformed the Zacks categorized Building Products - Wood industry in the past three months. Shares of the company declined 2.9%, whereas the industry rose 0.5%.
Currently, Rayonier carries a Zacks Rank #3 (Hold).
Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
In the last 30 days, American Tower Corporation's FFO per share for second-quarter 2017 moved up 1.3% to $1.55.
In the last 30 days, Arbor Realty Trust's FFO per share for second-quarter 2017 remained unchanged at 19 cents.
Equity LifeStyle Properties' second-quarter 2017 FFO per share estimates moved down 1.2% to 81 cents, in the last 30 days.
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American Tower Corporation (REIT) (AMT): Free Stock Analysis Report
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Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2 (Buy). Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Rayonier Inc. (RYN): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, Rayonier completed three transactions with separate sellers for the purchase of around 95,100 acres of industrial timberlands situated in Florida, Georgia and South Carolina. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2 (Buy). Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Rayonier Inc. (RYN): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report To read this article on Zacks.com click here. In the last 30 days, American Tower Corporation's FFO per share for second-quarter 2017 moved up 1.3% to $1.55. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2 (Buy). Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Rayonier Inc. (RYN): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report To read this article on Zacks.com click here. In early May, the company reported first-quarter 2017 pro forma net income per share of 5 cents, missing the Zacks Consensus Estimate of 9 cents. | Investors interested in the REIT space, may consider stocks like American Tower Corporation AMT , Arbor Realty Trust, Inc. ABR and Equity LifeStyle Properties, Inc. ELS , each carrying a Zacks Rank #2 (Buy). Click to get this free report American Tower Corporation (REIT) (AMT): Free Stock Analysis Report Rayonier Inc. (RYN): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis Report To read this article on Zacks.com click here. In early May, the company reported first-quarter 2017 pro forma net income per share of 5 cents, missing the Zacks Consensus Estimate of 9 cents. |
30297.0 | 2017-05-09 00:00:00 UTC | Arbor Realty Trust Series A Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-series-cumulative-redeemable-preferred-stock-about-put-more-money-your | nan | nan | On 5/11/17, Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock (Symbol: ABR.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 5/31/17. As a percentage of ABR.PRA's recent share price of $25.76, this dividend works out to approximately 2.00%, so look for shares of ABR.PRA to trade 2.00% lower - all else being equal - when ABR.PRA shares open for trading on 5/11/17. On an annualized basis, the current yield is approximately 8.00%, which compares to an average yield of 6.87% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of ABR.PRA shares, versus ABR:
Below is a dividend history chart for ABR.PRA, showing historical dividends prior to the most recent $0.5156 on Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock:
In Tuesday trading, Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock (Symbol: ABR.PRA) is currently off about 0.1% on the day, while the common shares (Symbol: ABR) are trading flat.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On 5/11/17, Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock (Symbol: ABR.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 5/31/17. The chart below shows the one year performance of ABR.PRA shares, versus ABR: Below is a dividend history chart for ABR.PRA, showing historical dividends prior to the most recent $0.5156 on Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock: In Tuesday trading, Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock (Symbol: ABR.PRA) is currently off about 0.1% on the day, while the common shares (Symbol: ABR) are trading flat. As a percentage of ABR.PRA's recent share price of $25.76, this dividend works out to approximately 2.00%, so look for shares of ABR.PRA to trade 2.00% lower - all else being equal - when ABR.PRA shares open for trading on 5/11/17. | On 5/11/17, Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock (Symbol: ABR.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 5/31/17. The chart below shows the one year performance of ABR.PRA shares, versus ABR: Below is a dividend history chart for ABR.PRA, showing historical dividends prior to the most recent $0.5156 on Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock: In Tuesday trading, Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock (Symbol: ABR.PRA) is currently off about 0.1% on the day, while the common shares (Symbol: ABR) are trading flat. As a percentage of ABR.PRA's recent share price of $25.76, this dividend works out to approximately 2.00%, so look for shares of ABR.PRA to trade 2.00% lower - all else being equal - when ABR.PRA shares open for trading on 5/11/17. | The chart below shows the one year performance of ABR.PRA shares, versus ABR: Below is a dividend history chart for ABR.PRA, showing historical dividends prior to the most recent $0.5156 on Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock: In Tuesday trading, Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock (Symbol: ABR.PRA) is currently off about 0.1% on the day, while the common shares (Symbol: ABR) are trading flat. On 5/11/17, Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock (Symbol: ABR.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 5/31/17. As a percentage of ABR.PRA's recent share price of $25.76, this dividend works out to approximately 2.00%, so look for shares of ABR.PRA to trade 2.00% lower - all else being equal - when ABR.PRA shares open for trading on 5/11/17. | The chart below shows the one year performance of ABR.PRA shares, versus ABR: Below is a dividend history chart for ABR.PRA, showing historical dividends prior to the most recent $0.5156 on Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock: In Tuesday trading, Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock (Symbol: ABR.PRA) is currently off about 0.1% on the day, while the common shares (Symbol: ABR) are trading flat. On 5/11/17, Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock (Symbol: ABR.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 5/31/17. As a percentage of ABR.PRA's recent share price of $25.76, this dividend works out to approximately 2.00%, so look for shares of ABR.PRA to trade 2.00% lower - all else being equal - when ABR.PRA shares open for trading on 5/11/17. |
30298.0 | 2017-05-05 00:00:00 UTC | Top Ranked Income Stocks to Buy for May 5th | ABR | https://www.nasdaq.com/articles/top-ranked-income-stocks-to-buy-for-may-5th-2017-05-05 | nan | nan | Here are four stocks with buy rank and strong income characteristics for investors to consider today, May 5th:
Arbor Realty Trust, Inc. (ABR) : This real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings advancing 10% over the last 60 days.
Arbor Realty Trust Price and Consensus
Arbor Realty Trust Price and Consensus | Arbor Realty Trust Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 7.54%, compared with the industry average of 4.16%. Its five-year average dividend yield is 11.5%.
Arbor Realty Trust Dividend Yield (TTM)
Arbor Realty Trust Dividend Yield (TTM) | Arbor Realty Trust Quote
Farmland Partners Inc (FPI) : This internally managed real estate company has witnessed the Zacks Consensus Estimate for its current year earnings jumping 8.7% over the last 60 days.
Farmland Partners Inc. Price and Consensus
Farmland Partners Inc. Price and Consensus | Farmland Partners Inc. Quote
The Zacks Rank #1 (Strong Buy) company has a dividend yield of 4.74%, compared with the industry average of 4.16%. Its five-year average dividend yield is 32.77%.
Farmland Partners Inc. Dividend Yield (TTM)
Farmland Partners Inc. Dividend Yield (TTM) | Farmland Partners Inc. Quote
First American Financial Corp (FAF (FAF) : This company that engages in providing financial services has witnessed the Zacks Consensus Estimate for its current year earnings jumping 6.2% over the last 60 days.
First American Corporation (The) Price and Consensus
First American Corporation (The) Price and Consensus | First American Corporation (The) Quote
The Zacks Rank #1 company has a dividend yield of 3.18%, compared with the industry average of 1.45%. Its five-year average dividend yield is 35.82%.
First American Corporation (The) Dividend Yield (TTM)
First American Corporation (The) Dividend Yield (TTM) | First American Corporation (The) Quote
AllianceBernstein Holding LP (AB(AB) : This company that engages in providing research, investment management and related services has witnessed the Zacks Consensus Estimate for its current year earnings jumping 4.1% over the last 60 days.
AllianceBernstein Holding L.P. Price and Consensus
AllianceBernstein Holding L.P. Price and Consensus | AllianceBernstein Holding L.P. Quote
The Zacks Rank #1 company has a dividend yield of 12.49%, compared with the industry average of 3.22%. Its five-year average dividend yield is 11.75%.
AllianceBernstein Holding L.P. Dividend Yield (TTM)
AllianceBernstein Holding L.P. Dividend Yield (TTM) | AllianceBernstein Holding L.P. Quote
See the full list of top ranked stocks here .
Find more top income stocks with some of our great premium screens .
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Farmland Partners Inc. (FPI): Free Stock Analysis Report
First American Corporation (The) (FAF): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are four stocks with buy rank and strong income characteristics for investors to consider today, May 5th: Arbor Realty Trust, Inc. (ABR) : This real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings advancing 10% over the last 60 days. Click to get this free report Farmland Partners Inc. (FPI): Free Stock Analysis Report First American Corporation (The) (FAF): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. First American Corporation (The) Dividend Yield (TTM) First American Corporation (The) Dividend Yield (TTM) | First American Corporation (The) Quote AllianceBernstein Holding LP (AB(AB) : This company that engages in providing research, investment management and related services has witnessed the Zacks Consensus Estimate for its current year earnings jumping 4.1% over the last 60 days. | Click to get this free report Farmland Partners Inc. (FPI): Free Stock Analysis Report First American Corporation (The) (FAF): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, May 5th: Arbor Realty Trust, Inc. (ABR) : This real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings advancing 10% over the last 60 days. Arbor Realty Trust Dividend Yield (TTM) Arbor Realty Trust Dividend Yield (TTM) | Arbor Realty Trust Quote Farmland Partners Inc (FPI) : This internally managed real estate company has witnessed the Zacks Consensus Estimate for its current year earnings jumping 8.7% over the last 60 days. | Here are four stocks with buy rank and strong income characteristics for investors to consider today, May 5th: Arbor Realty Trust, Inc. (ABR) : This real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings advancing 10% over the last 60 days. Click to get this free report Farmland Partners Inc. (FPI): Free Stock Analysis Report First American Corporation (The) (FAF): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Arbor Realty Trust Dividend Yield (TTM) Arbor Realty Trust Dividend Yield (TTM) | Arbor Realty Trust Quote Farmland Partners Inc (FPI) : This internally managed real estate company has witnessed the Zacks Consensus Estimate for its current year earnings jumping 8.7% over the last 60 days. | Click to get this free report Farmland Partners Inc. (FPI): Free Stock Analysis Report First American Corporation (The) (FAF): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, May 5th: Arbor Realty Trust, Inc. (ABR) : This real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings advancing 10% over the last 60 days. AllianceBernstein Holding L.P. Price and Consensus AllianceBernstein Holding L.P. Price and Consensus | AllianceBernstein Holding L.P. Quote The Zacks Rank #1 company has a dividend yield of 12.49%, compared with the industry average of 3.22%. |
30299.0 | 2017-05-05 00:00:00 UTC | 100 High-Yield Stocks Down Big This Week: These 10 Are Worth Considering | ABR | https://www.nasdaq.com/articles/100-high-yield-stocks-down-big-week-these-10-are-worth-considering-2017-05-05 | nan | nan | By Blue Harbinger :
It has been a challenging week for many higher-yielding securities. For example, REITs, BDCs and MLPs (all known for high yield) have sold off significantly (see data below). We are in no way calling a bottom (or suggesting an immediate rebound) for any of these securities, but we do believe some high-quality companies have sold off, thereby making for more attractive entry points for long-term investors. This article highlights 100 high-yield equities that sold-off over the last week, and then reviews 10 specific attractive opportunities that long-term income-focused investors may want to consider.
For starters, here is the list of 100 high-yield equities that sold off:
(Data source: Stock Rover, data as of 5/4/2017)
Before getting into the 10 specific opportunities, first we review a few reasons for the sell-off. For example, declining oil prices hurt the energy sector, which clearly had a big impact on many of the Master Limited Partnerships ("MLPs") in the group because they are largely energy related.
And here is a look at the recent performance of the Alerian MLP Index:
However, in addition to hurting the energy sector, declining oil prices also hurt many high-yield debt securities. Specifically, here is a look at the high-yield bond ETF (NYSEARCA: JNK ) versus the S&P 500 over the last week:
And interestingly, as high-yield sells off, BDCs often sell off too. The reason is because BDCs provide financing (generally debt) to riskier middle-market companies (BDCs are often essentially risky high-yield debt funds). And here is a look at the BDC index performance versus the S&P 500.
Additionally, REITs also are sensitive to the debt markets because they rely on outside capital to finance growth. REITs have significantly underperformed the market (NYSEARCA: SPY ) over the last year because investors fear the negative impacts of rising interest rates, especially considering the aggressive growth agenda of the Trump Administration (and the Fed's increasing interest rate expectations). Here's a look at how publicly-traded real estate has performed over the last year and over the last week:
Overall, it has been a tough environment for REITs, BDCs and MLPs, and that helps explain the declines. However, we also believe the declines have created some attractive entry points for long-term investors. For example, here are 10 specific high-yield investment opportunities that income-focused investors may want to consider given the recent decline in prices.
Real Estate Investment Trusts (REITs)
1. Welltower (NYSE: HCN ), Yield: 5.0%
Welltower is a big-dividend healthcare REIT that is down nearly 3% over the last week.
It is one of the more blue-chip opportunities in the healthcare REIT space, and it currently trades at an attractive 15 times Funds from Operations ("FFO"). As we wrote back in March, Welltower is "well-diversified across senior housing (triple-net and operating), outpatient medical and long-term post-acute." It also benefits from strong demographic tailwinds of an aging population and growing healthcare needs. If you are looking for a high-quality REIT that pays a big dividend and trades at an attractive price, Welltower is worth considering.
2. Realty Income (NYSE: O ), Yield: 4.5%
Realty Income is an income-investor favorite because it pays big safe monthly dividends. And, as the following chart shows, its price has come down significantly over the last week.
Impressively, Realty Income's dividend payment has increased for 77 consecutive quarters. We believe O is worth considering now because its business remains strong but its valuation has also come down. Specifically, the following chart shows that Realty Income's price versus its Funds from Operations ("FFO") has come down significantly since last summer (i.e. the shares are on sale).
3. Omega Healthcare Investors (NYSE: OHI ), Yield: 8.0%
In our view, Omega is an exceptionally attractive, undervalued, big-dividend healthcare REIT. And its price has become decidedly more attractive over the last week.
Besides the sell-off in REITs, Omega was already on sale due to uncertainty surrounding Congressional efforts to repeal/replace the Affordable Care Act. Simply put, investors are afraid. Omega's price has also been dragged lower as the entire REIT sector is down due to rising interest rates fears. In our view, both of these fears are baked in and overblown, and Omega currently represents an exceptional contrarian opportunity to invest in a big safe dividend.
With regard to healthcare reform, here is what Omega had to say in its most recent investor presentation:
Specifically, Omega believes the healthcare reform fears are overblown because alternative payment models will expand under Medicare. And regarding Medicaid, the phase-in process will be long, thereby allowing states to offset the burden. And Omega's geographic diversification will help minimize the impact of rate changes in any one state.
On a comparative basis, skilled-nursing facilities REITs (like Omega) have lagged the overall healthcare REIT space because of the regulatory reform uncertainty. Also, these REITs still have some of the highest short interest as fearful investors continue to place their bets. Worth noting, despite the high short interest, Omega has a relatively high expected annual earnings growth rate of 15.8% over the next five years (largely because the demographics of a growing aging population with increasing healthcare needs are strongly on Omega's side).
Also, as we mentioned previously, the entire REIT group has sold off because investors are afraid that rising rates will negatively impact these highly levered companies (i.e. they use a healthy amount of debt to run their businesses). However, this fear is already significantly baked in (the prices are down), and Omega has the strong ability to continue to generate FFO to cover and grow its dividend. In fact, Omega recently raised its dividend (again) and announced that earnings expectations continue to rise.
Overall, we recognize Omega faces unique regulatory reform risks, but we believe it is a risk worth taking. If you are an income-focused value investor, Omega is absolutely worth considering (especially after this week's sell-off).
4. Physicians Realty (NYSE: DOC ), Yield: 4.7%
Physicians Realty is another attractive healthcare REIT that sold off significantly this week, as shown in the following chart:
As we wrote two weeks ago:
You can read our full write-up on Physicians Realty here: Physicians Realty: Attractive Yield And Defensive Growth
Master Limited Partnerships
5. CVR Energy (NYSE: CVI ), Yield: 9.4%
Though technically not an MLP, CVI is a holding company that controls two partnerships ([[CVRR]] and [[UAN]]). It also pays a big distribution, and the shares sold off significantly over the last week, as shown in the following chart:
CVI is certainly not a "widows and orphans" stock (i.e. it is very risky), but it also has a couple of power forces on its side. Mainly, Carl Icahn and Donald Trump. Specifically, Icahn is a highly seasoned and successful investor who controls CVI, and he also is currently a special advisor to President Trump. We recently wrote in detail about the risks and rewards of this opportunity in our article titled: " CVR Energy: 10.2% Yield, Trump-To-Icahn 'Kickback' Pending ." The shares are up since our article was posted back in late March, but the recent pullback may be giving investors another bite at the apple. If you are a long-term income-focused investor (will an iron stomach), CVI may be worth considering.
6. Teekay Offshore (NYSE: TOO ), Yield: 9.4%
We've been following Teekay for over a year now, and its 12.1% price decline over the last week makes it more interesting, in our view.
If you don't know, Teekay is a provider of marine transportation (mainly oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry in North Sea, Brazil and the East Coast of Canada).
The maritime shipping industry as a whole has been in distress over the last 18 months as companies struggle with declining commodity prices and an oversupply of shipping capacity. Teekay appears to be one of the companies that will survive. Even though it dramatically cut its distribution a little over a year ago (and its price declined sharply), it is still in business and paying a distribution (unlike many of its peers that have cut their distributions to zero, or filed for bankruptcy altogether). This one is not for the faint of heart, but if you believe the economy will continue to recover, Teekay may be worth considering.
7. Teekay Preferred Shares (TOO-A), Yield: 8.8%
If the common shares are too risky for you, then you might consider the preferred shares which are far less volatile and sit higher in the capital structure. Unlike the common shares, the preferred shares haven't cut the distribution, and the price was down only about 4% over the last week. You can read our write-up on the preferred shares from May 2016 here: Teekay Preferred Units: Attractive 10.1% Yield . Incidentally, the shares are up since our article was written, but they still trade below their $25 redemption price (Teekay can redeem them at $25 per share after April 30, 2018). The shares are down 4% over the last week, and they currently trade at $20.59.
8. Ares Capital (NASDAQ: ARCC ), Yield: 9.2%
Ares Capital is a big dividend BDC that has experienced a 5.5% price decline over the last week.
In particular, the shares were down after a sluggish first-quarter earnings release (in this case, it isn't all about the macro; it's company-specific too). Specifically, core earnings were only $0.32 per share versus $0.37 a year ago and estimates of $0.38. CEO Kipp deVeer attributes the decline to a competitive market environment.
In our view, the BDC industry as a whole faces challenges such as high valuations, less opportunities, and more competition (for more information, please see our recent article: 3 Overcrowded High-Yield BDCs: Prospect, Main Street And Fidus ). However, ARCC is a large BDC with deep relationships to source deals, and we like that the recent price decline brings its shares back closer to par with its book value. You can read our earlier report on ARCC here: Ares Capital: Big Dividend, 3 Big Risks .
9. Medley Capital (NYSE: MCC ), Yield: 11.7%
Sticking with the BDC theme, Medley Capital is another big-dividend name that is down significantly over the last week.
To be upfront, MCC is a high-risk opportunity and is likely not for everyone, but if you are interested in higher risk-reward opportunities, MCC may be worth considering. Specifically, we believe that Medley's dividend is healthy despite challenging market conditions. Also, relative to peers, and on an absolute basis, Medley's valuation is attractive. You can read our recent write-up on Medley here: Medley Capital: This 11.5% Yield BDC Is Worth Considering .
10. Stag Industrial (NYSE: STAG ), Yield: 5.4%
Stag Industrial is a big-dividend industrial REIT, and its shares are down significantly over the last week.
Many investors appreciate the monthly dividend payments provided by Stag, and we also like its valuation at around 14.3 times FFO. The company announced earnings earlier this week whereby FFO was in line with expectations and revenues were better than expected. We wrote more about the attractiveness of STAG back in March (read that article here ), and we still consider it attractive despite its price gains so long as the economy remains strong.
Conclusion
The combination of recent earnings announcements, rising interest rates, and declining energy prices has resulted in significant price declines for many high-yield REITs, BDCs and MLPs. However, we believe investors should be selective. In addition to the ideas highlighted in this article, we've highlighted eight additional attractive high-yield opportunities (including six of our current holdings) in the following members-only articles:
30 High-Yield MLPs Down Big This Week: These 3 Are Worth Considering .
25 High-Yield BDCs Down Big This Week: This One Is Our Favorite .
Scores of High-Yield REITs Down Big This Week: These 4 Are Worth Considering .
Importantly, just because the yield is high, doesn't mean it is a good investment. Investors should always work to cater their investment selections to meet their individual needs and risk tolerances within the constructs of a diversified investment portfolio.
See also Arbor Realty Trust's ( ABR ) CEO, Ivan Kaufman on Q1 2017 Results - Earnings Call Transcript on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | See also Arbor Realty Trust's ( ABR ) CEO, Ivan Kaufman on Q1 2017 Results - Earnings Call Transcript on seekingalpha.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Also, as we mentioned previously, the entire REIT group has sold off because investors are afraid that rising rates will negatively impact these highly levered companies (i.e. they use a healthy amount of debt to run their businesses). It also pays a big distribution, and the shares sold off significantly over the last week, as shown in the following chart: CVI is certainly not a "widows and orphans" stock (i.e. it is very risky), but it also has a couple of power forces on its side. | See also Arbor Realty Trust's ( ABR ) CEO, Ivan Kaufman on Q1 2017 Results - Earnings Call Transcript on seekingalpha.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And here is a look at the recent performance of the Alerian MLP Index: However, in addition to hurting the energy sector, declining oil prices also hurt many high-yield debt securities. Physicians Realty (NYSE: DOC ), Yield: 4.7% Physicians Realty is another attractive healthcare REIT that sold off significantly this week, as shown in the following chart: As we wrote two weeks ago: You can read our full write-up on Physicians Realty here: Physicians Realty: Attractive Yield And Defensive Growth Master Limited Partnerships 5. | See also Arbor Realty Trust's ( ABR ) CEO, Ivan Kaufman on Q1 2017 Results - Earnings Call Transcript on seekingalpha.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Omega Healthcare Investors (NYSE: OHI ), Yield: 8.0% In our view, Omega is an exceptionally attractive, undervalued, big-dividend healthcare REIT. Physicians Realty (NYSE: DOC ), Yield: 4.7% Physicians Realty is another attractive healthcare REIT that sold off significantly this week, as shown in the following chart: As we wrote two weeks ago: You can read our full write-up on Physicians Realty here: Physicians Realty: Attractive Yield And Defensive Growth Master Limited Partnerships 5. | See also Arbor Realty Trust's ( ABR ) CEO, Ivan Kaufman on Q1 2017 Results - Earnings Call Transcript on seekingalpha.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. For example, here are 10 specific high-yield investment opportunities that income-focused investors may want to consider given the recent decline in prices. Worth noting, despite the high short interest, Omega has a relatively high expected annual earnings growth rate of 15.8% over the next five years (largely because the demographics of a growing aging population with increasing healthcare needs are strongly on Omega's side). |
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