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725100.0
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2016-01-20 00:00:00 UTC
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Douglas Emmett Becomes Oversold
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-becomes-oversold-2016-01-20
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks , according to a proprietary formula designed to identify those stocks that combine two important characteristics - strong fundamentals and a valuation that looks inexpensive. Douglas Emmett Inc (Symbol: DEI) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Douglas Emmett Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of DEI entered into oversold territory, changing hands as low as $27.11 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Douglas Emmett Inc, the RSI reading has hit 25.8 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 28.7. A falling stock price - all else being equal - creates a better opportunity for dividend investors to capture a higher yield. Indeed, DEI's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 3.08% based upon the recent $28.66 share price.
A bullish investor could look at DEI's 25.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DEI is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
According to the ETF Finder at ETF Channel, DEI makes up 1.14% of the PowerShares S&P MidCap Low Volatility Portfolio ETF (Symbol: XMLV) which is trading relatively unchanged on the day Wednesday.
Click here to find out what 9 other oversold dividend stocks you need to know about »
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.
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A bullish investor could look at DEI's 25.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Douglas Emmett Inc (Symbol: DEI) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Douglas Emmett Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of DEI entered into oversold territory, changing hands as low as $27.11 per share.
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Indeed, DEI's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 3.08% based upon the recent $28.66 share price. Douglas Emmett Inc (Symbol: DEI) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Douglas Emmett Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of DEI entered into oversold territory, changing hands as low as $27.11 per share.
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Douglas Emmett Inc (Symbol: DEI) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Douglas Emmett Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of DEI entered into oversold territory, changing hands as low as $27.11 per share. Indeed, DEI's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 3.08% based upon the recent $28.66 share price.
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But making Douglas Emmett Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of DEI entered into oversold territory, changing hands as low as $27.11 per share. Indeed, DEI's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 3.08% based upon the recent $28.66 share price. Douglas Emmett Inc (Symbol: DEI) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
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f206ad0f-dfe9-475e-863a-aac300d30228
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725101.0
|
2015-12-24 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for December 28, 2015
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-december-28-2015-2015-12-24
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nan
|
nan
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Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on December 28, 2015. A cash dividend payment of $0.22 per share is scheduled to be paid on January 15, 2016. Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 4.76% increase over the prior quarter. At the current stock price of $30.45, the dividend yield is 2.89%.
The previous trading day's last sale of DEI was $30.45, representing a -5.79% decrease from the 52 week high of $32.32 and a 14.19% increase over the 52 week low of $26.67.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and Public Storage ( PSA ). DEI's current earnings per share, an indicator of a company's profitability, is $.36. Zacks Investment Research reports DEI's forecasted earnings growth in 2015 as 5.99%, compared to an industry average of 7.1%.
For more information on the declaration, record and payment dates, visit the DEI 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.
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DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and Public Storage ( PSA ). Zacks Investment Research reports DEI's forecasted earnings growth in 2015 as 5.99%, compared to an industry average of 7.1%. For more information on the declaration, record and payment dates, visit the DEI Dividend History page.
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DEI's current earnings per share, an indicator of a company's profitability, is $.36. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on December 28, 2015.
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Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEI was $30.45, representing a -5.79% decrease from the 52 week high of $32.32 and a 14.19% increase over the 52 week low of $26.67. For more information on the declaration, record and payment dates, visit the DEI Dividend History page.
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Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. DEI's current earnings per share, an indicator of a company's profitability, is $.36. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on December 28, 2015.
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e3639e0e-adcb-4964-b5ca-6eebfefbfbac
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725102.0
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2015-12-11 00:00:00 UTC
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Financial Sector Update for 12/11/2015: SAL, DEI
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DEI
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https://www.nasdaq.com/articles/financial-sector-update-12112015-sal-dei-2015-12-11
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nan
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nan
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Top Financial Shares:
JPM: -0.8%
BAC: -0.9%
WFC: -1.0%
C: -1.1%
USB: -1.5%
Financial shares were mainly lower in pre-market trade on Friday.
In financial stocks news, Salisbury Bancorp ( SAL ), a bank holding company, said late Thursday that it has completed its private placement of $10 million aggregate principal amount of fixed to floating rate subordinated notes due 2025.
Shares in the company were flat at $31.45 pre-bell. This is within the upper band of the stock's 52 week trading range between $26.50 and $34.44.
And Douglas Emmett ( DEI ), a real estate investment trust, said late Thursday that it has closed a secured, non-recourse $115 million interest only loan.
Shares were flat at $29.89 pre-bell. The company has traded between $26.67 and $32.32 over the past 52 weeks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
And Douglas Emmett ( DEI ), a real estate investment trust, said late Thursday that it has closed a secured, non-recourse $115 million interest only loan. Financial shares were mainly lower in pre-market trade on Friday. In financial stocks news, Salisbury Bancorp ( SAL ), a bank holding company, said late Thursday that it has completed its private placement of $10 million aggregate principal amount of fixed to floating rate subordinated notes due 2025.
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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. And Douglas Emmett ( DEI ), a real estate investment trust, said late Thursday that it has closed a secured, non-recourse $115 million interest only loan. This is within the upper band of the stock's 52 week trading range between $26.50 and $34.44.
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And Douglas Emmett ( DEI ), a real estate investment trust, said late Thursday that it has closed a secured, non-recourse $115 million interest only loan. Financial shares were mainly lower in pre-market trade on Friday. In financial stocks news, Salisbury Bancorp ( SAL ), a bank holding company, said late Thursday that it has completed its private placement of $10 million aggregate principal amount of fixed to floating rate subordinated notes due 2025.
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And Douglas Emmett ( DEI ), a real estate investment trust, said late Thursday that it has closed a secured, non-recourse $115 million interest only loan. Top Financial Shares: Financial shares were mainly lower in pre-market trade on Friday.
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9ef16b5e-daaf-473a-9bc1-47436d0e6b10
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725103.0
|
2015-12-04 00:00:00 UTC
|
Daily Dividend Report: AMT, ECL, WEC, EMN, DEI, GGG, AET, OMC, MJN
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DEI
|
https://www.nasdaq.com/articles/daily-dividend-report-amt-ecl-wec-emn-dei-ggg-aet-omc-mjn-2015-12-04
|
nan
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nan
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American Tower Corporation ( AMT ) has declared its quarterly cash distribution of $0.49 per share on shares of the Company's common stock. The distribution is payable on January 13, 2016 to such stockholders of record at the close of business on December 16, 2015.
Ecolab declared a 6% increase in the company's quarterly cash dividend to $0.35 per common share, to be paid January 15, 2016, to shareholders of record at the close of business on December 15, 2015.
WEC Energy Group ( WEC ) announced that it is planning to raise the quarterly dividend to 49.50 cents a share on the company's common stock in the first quarter of 2016. This would represent an increase of 3.75 cents a share over the current quarterly rate. The directors expect to declare the new dividend at their regularly scheduled meeting in January. The dividend which would be equivalent to an annual rate of $1.98 a share is expected to be payable March 1, 2016, to stockholders of record on Feb. 12, 2016.
Eastman Chemical Company ( EMN ) has increased the quarterly cash dividend by 15 percent to $0.46 per share on the company's common stock. The dividend is payable January 4, 2016 to stockholders of record as of December 14, 2015.
Douglas Emmett ( DEI ) has declared a quarterly cash dividend on each share of its common stock of $0.22, or $0.88 on an annualized basis. The dividend will be paid on January 15, 2016 to shareholders of record as of December 30, 2015.
Graco ( GGG ) has declared a regular quarterly dividend of 33 cents per common share, an increase of 10 percent, payable on February 3, 2016, to shareholders of record at the close of business on January 19, 2016.
Aetna (AET) declared a quarterly cash dividend of $0.25 per share on the company's common stock. The dividend is payable on January 29, 2016, to shareholders of record at the close of business on January 14, 2016.
Omnicom Group (OMC) declared a quarterly dividend of 50 cents per outstanding share of the corporation's common stock. The dividend is payable on January 7, 2016 to Omnicom Group common shareholders of record at the close of business on December 18, 2015.
Mead Johnson Nutrition (MJN) has declared a regular quarterly dividend of $0.4125 per share for the quarter ending December 31, 2015. The dividend will be paid on January 4, 2016, to shareholders of record at close of business on December 14, 2015.
VIDEO: Daily Dividend Report: AMT, ECL, WEC, EMN, DEI, GGG, AET, OMC, MJN
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.
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Douglas Emmett ( DEI ) has declared a quarterly cash dividend on each share of its common stock of $0.22, or $0.88 on an annualized basis. VIDEO: Daily Dividend Report: AMT, ECL, WEC, EMN, DEI, GGG, AET, OMC, MJN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ecolab declared a 6% increase in the company's quarterly cash dividend to $0.35 per common share, to be paid January 15, 2016, to shareholders of record at the close of business on December 15, 2015.
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VIDEO: Daily Dividend Report: AMT, ECL, WEC, EMN, DEI, GGG, AET, OMC, MJN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett ( DEI ) has declared a quarterly cash dividend on each share of its common stock of $0.22, or $0.88 on an annualized basis. Ecolab declared a 6% increase in the company's quarterly cash dividend to $0.35 per common share, to be paid January 15, 2016, to shareholders of record at the close of business on December 15, 2015.
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Douglas Emmett ( DEI ) has declared a quarterly cash dividend on each share of its common stock of $0.22, or $0.88 on an annualized basis. VIDEO: Daily Dividend Report: AMT, ECL, WEC, EMN, DEI, GGG, AET, OMC, MJN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ecolab declared a 6% increase in the company's quarterly cash dividend to $0.35 per common share, to be paid January 15, 2016, to shareholders of record at the close of business on December 15, 2015.
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Douglas Emmett ( DEI ) has declared a quarterly cash dividend on each share of its common stock of $0.22, or $0.88 on an annualized basis. VIDEO: Daily Dividend Report: AMT, ECL, WEC, EMN, DEI, GGG, AET, OMC, MJN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ecolab declared a 6% increase in the company's quarterly cash dividend to $0.35 per common share, to be paid January 15, 2016, to shareholders of record at the close of business on December 15, 2015.
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d910b990-5e8e-41bc-aaa6-b9b0a9000007
|
725104.0
|
2015-11-05 00:00:00 UTC
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Financial Sector Update for 11/05/2015: KKR, DEI
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DEI
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https://www.nasdaq.com/articles/financial-sector-update-11052015-kkr-dei-2015-11-05
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nan
|
nan
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Top Financial Shares:
JPM: -0.3%
BAC: +0.2%
WFC: -0.2%
C: +0.3%
USB: flat
Financial stocks were mixed ahead of the main bell on Thursday.
In financial stocks news, investment firm KKR & Co. ( KKR ) shares were upgraded by Wells Fargo to outperform from market perform.
Shares in the company were unchanged at $18.45 pre-bell, towards the upper end of the stock's 52 week range between $8.00 and $25.04.
Real estate investment trust Douglas Emmett ( DEI ) saw its price target boosted to $36 from $33 by Mizuho Securities, while the firm retained its buy rating on the stock.
Shares were unchanged at $31.76 pre-bell, towards the upper end of the company's 52 week range between $26.67 and $32.32.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Real estate investment trust Douglas Emmett ( DEI ) saw its price target boosted to $36 from $33 by Mizuho Securities, while the firm retained its buy rating on the stock. USB: flat Financial stocks were mixed ahead of the main bell on Thursday. Shares in the company were unchanged at $18.45 pre-bell, towards the upper end of the stock's 52 week range between $8.00 and $25.04.
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Real estate investment trust Douglas Emmett ( DEI ) saw its price target boosted to $36 from $33 by Mizuho Securities, while the firm retained its buy rating on the stock. In financial stocks news, investment firm KKR & Co. ( KKR ) shares were upgraded by Wells Fargo to outperform from market perform. Shares in the company were unchanged at $18.45 pre-bell, towards the upper end of the stock's 52 week range between $8.00 and $25.04.
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Real estate investment trust Douglas Emmett ( DEI ) saw its price target boosted to $36 from $33 by Mizuho Securities, while the firm retained its buy rating on the stock. In financial stocks news, investment firm KKR & Co. ( KKR ) shares were upgraded by Wells Fargo to outperform from market perform. Shares in the company were unchanged at $18.45 pre-bell, towards the upper end of the stock's 52 week range between $8.00 and $25.04.
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Real estate investment trust Douglas Emmett ( DEI ) saw its price target boosted to $36 from $33 by Mizuho Securities, while the firm retained its buy rating on the stock. Top Financial Shares: Shares in the company were unchanged at $18.45 pre-bell, towards the upper end of the stock's 52 week range between $8.00 and $25.04.
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766b7a81-0cc2-4897-b846-8203922dcbb5
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725105.0
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2015-11-04 00:00:00 UTC
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Baron Funds Comments on Douglas Emmett
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DEI
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https://www.nasdaq.com/articles/baron-funds-comments-douglas-emmett-2015-11-04
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nan
|
nan
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Douglas Emmett, Inc. ( NYSE:DEI ) is a REIT that owns and manages what we believe to be an exceptionally high-quality portfolio that includes 15.5 million square feet of Class A office space and 3,300 apartment units in the premier coastal submarkets of Los Angeles and Honolulu. The long-term fundamental outlook for Douglas Emmett's submarkets is favorable. Demand is being driven by continued job growth, as well as employees' propensity to work close to where they live (thereby avoiding heavy traffic). Supply is constrained as a result of significant barriers to new construction that include zoning restrictions, height limitations and outspoken homeowner groups. The company has dominant positions, with an average 25% market share in its Los Angeles submarkets, and 34% in Honolulu, resulting in strong tenant relationships, economies of scale and pricing power. The company has attractive growth prospects through leasing up vacant space and raising rents in the existing portfolio, complemented by an active acquisition and development strategy. We are investing alongside a management team that we respect and who together own over 20% of the company. (David Kirshenbaum)
Michael Dell Undervalued Stocks
Michael Dell Top Growth Companies
Michael Dell High Yield stocks
Columbia Wanger Undervalued Stocks
Columbia Wanger Top Growth Companies
Columbia Wanger High Yield stocks
John Paulson Undervalued Stocks
John Paulson Top Growth Companies
John Paulson High Yield stocks
RS Investment Management Undervalued Stocks
RS Investment Management Top Growth Companies
RS Investment Management High Yield stocks
Ron Baron Undervalued Stocks
Ron Baron Top Growth Companies
Ron Baron High Yield stocks
From Baron Funds' Baron Partners Fund shareholder letter for Q3 2015.
Read More:
Michael Dell's Most Heavily Weighted Stocks
5 Unconventional Books to Make You a Better Investor
How the Walgreens-Rite Aid Deal Stacks Up Against Paulson's Merger Arbitrage Checklist
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
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.
|
Douglas Emmett, Inc. ( NYSE:DEI ) is a REIT that owns and manages what we believe to be an exceptionally high-quality portfolio that includes 15.5 million square feet of Class A office space and 3,300 apartment units in the premier coastal submarkets of Los Angeles and Honolulu. The company has dominant positions, with an average 25% market share in its Los Angeles submarkets, and 34% in Honolulu, resulting in strong tenant relationships, economies of scale and pricing power. The company has attractive growth prospects through leasing up vacant space and raising rents in the existing portfolio, complemented by an active acquisition and development strategy.
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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. Douglas Emmett, Inc. ( NYSE:DEI ) is a REIT that owns and manages what we believe to be an exceptionally high-quality portfolio that includes 15.5 million square feet of Class A office space and 3,300 apartment units in the premier coastal submarkets of Los Angeles and Honolulu. (David Kirshenbaum) Michael Dell Undervalued Stocks Michael Dell Top Growth Companies Michael Dell High Yield stocks Columbia Wanger Undervalued Stocks Columbia Wanger Top Growth Companies Columbia Wanger High Yield stocks John Paulson Undervalued Stocks John Paulson Top Growth Companies John Paulson High Yield stocks RS Investment Management Undervalued Stocks RS Investment Management Top Growth Companies RS Investment Management High Yield stocks Ron Baron Undervalued Stocks Ron Baron Top Growth Companies Ron Baron High Yield stocks From Baron Funds' Baron Partners Fund shareholder letter for Q3 2015.
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Douglas Emmett, Inc. ( NYSE:DEI ) is a REIT that owns and manages what we believe to be an exceptionally high-quality portfolio that includes 15.5 million square feet of Class A office space and 3,300 apartment units in the premier coastal submarkets of Los Angeles and Honolulu. (David Kirshenbaum) Michael Dell Undervalued Stocks Michael Dell Top Growth Companies Michael Dell High Yield stocks Columbia Wanger Undervalued Stocks Columbia Wanger Top Growth Companies Columbia Wanger High Yield stocks John Paulson Undervalued Stocks John Paulson Top Growth Companies John Paulson High Yield stocks RS Investment Management Undervalued Stocks RS Investment Management Top Growth Companies RS Investment Management High Yield stocks Ron Baron Undervalued Stocks Ron Baron Top Growth Companies Ron Baron High Yield stocks From Baron Funds' Baron Partners Fund shareholder letter for Q3 2015. Read More: Michael Dell's Most Heavily Weighted Stocks 5 Unconventional Books to Make You a Better Investor How the Walgreens-Rite Aid Deal Stacks Up Against Paulson's Merger Arbitrage Checklist About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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Douglas Emmett, Inc. ( NYSE:DEI ) is a REIT that owns and manages what we believe to be an exceptionally high-quality portfolio that includes 15.5 million square feet of Class A office space and 3,300 apartment units in the premier coastal submarkets of Los Angeles and Honolulu. (David Kirshenbaum) Michael Dell Undervalued Stocks Michael Dell Top Growth Companies Michael Dell High Yield stocks Columbia Wanger Undervalued Stocks Columbia Wanger Top Growth Companies Columbia Wanger High Yield stocks John Paulson Undervalued Stocks John Paulson Top Growth Companies John Paulson High Yield stocks RS Investment Management Undervalued Stocks RS Investment Management Top Growth Companies RS Investment Management High Yield stocks Ron Baron Undervalued Stocks Ron Baron Top Growth Companies Ron Baron High Yield stocks From Baron Funds' Baron Partners Fund shareholder letter for Q3 2015. This article first appeared on GuruFocus .
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e93173a7-88df-4465-b1ae-f423801321a4
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725106.0
|
2015-10-19 00:00:00 UTC
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Monday's ETF Movers: ICF, GDXJ
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DEI
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https://www.nasdaq.com/articles/mondays-etf-movers-icf-gdxj-2015-10-19
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nan
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nan
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In trading on Monday, the iShares Cohen & Steers REIT ETF ( ICF ) is outperforming other ETFs, up about 0.8% on the day. Components of that ETF showing particular strength include shares of Extra Space Storage ( EXR ), up about 2.1% and shares of Douglas Emmett ( DEI ), up about 1.5% on the day.
And underperforming other ETFs today is the Junior Gold Miners ETF ( GDXJ ), down about 5.1% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of Primero Mining ( PPP ), lower by about 10.2%, and shares of Silvercorp Metals (SVM.CA), lower by about 10.1% on the day.
VIDEO: Monday's ETF Movers: ICF, GDXJ
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.
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Components of that ETF showing particular strength include shares of Extra Space Storage ( EXR ), up about 2.1% and shares of Douglas Emmett ( DEI ), up about 1.5% on the day. Among components of that ETF with the weakest showing on Monday were shares of Primero Mining ( PPP ), lower by about 10.2%, and shares of Silvercorp Metals (SVM.CA), lower by about 10.1% on the day. VIDEO: Monday's ETF Movers: ICF, GDXJ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Components of that ETF showing particular strength include shares of Extra Space Storage ( EXR ), up about 2.1% and shares of Douglas Emmett ( DEI ), up about 1.5% on the day. Among components of that ETF with the weakest showing on Monday were shares of Primero Mining ( PPP ), lower by about 10.2%, and shares of Silvercorp Metals (SVM.CA), lower by about 10.1% on the day. VIDEO: Monday's ETF Movers: ICF, GDXJ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Components of that ETF showing particular strength include shares of Extra Space Storage ( EXR ), up about 2.1% and shares of Douglas Emmett ( DEI ), up about 1.5% on the day. In trading on Monday, the iShares Cohen & Steers REIT ETF ( ICF ) is outperforming other ETFs, up about 0.8% on the day. Among components of that ETF with the weakest showing on Monday were shares of Primero Mining ( PPP ), lower by about 10.2%, and shares of Silvercorp Metals (SVM.CA), lower by about 10.1% on the day.
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Components of that ETF showing particular strength include shares of Extra Space Storage ( EXR ), up about 2.1% and shares of Douglas Emmett ( DEI ), up about 1.5% on the day. In trading on Monday, the iShares Cohen & Steers REIT ETF ( ICF ) is outperforming other ETFs, up about 0.8% on the day. And underperforming other ETFs today is the Junior Gold Miners ETF ( GDXJ ), down about 5.1% in Monday afternoon trading.
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d3201b75-edd4-4521-b60e-5dc1b8f478ee
|
725107.0
|
2015-09-30 00:00:00 UTC
|
Douglas Emmett Stock: 3 Reasons Why DEI Is a Top Choice for Momentum Investors
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DEI
|
https://www.nasdaq.com/articles/douglas-emmett-stock%3A-3-reasons-why-dei-is-a-top-choice-for-momentum-investors-2015-09-30
|
nan
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nan
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Many investors like to look for momentum in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for momentum investors in the near term.
This method discovered several great candidates for momentum-oriented investors, but today let's focus in on Douglas Emmett Inc ( DEI ) as this stock is looking especially impressive right now. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for DEI's status as a solid momentum stock below:
Longer Term Price Change for Douglas Emmett
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. That is why looking at longer term price metrics-such as performance over the past three months or year-- and comparing these to an industry at large can be very useful.
And in the case of DEI, the results are quite impressive. The company has beaten out the industry at large over the past 12 weeks by a margin of 7.2% to a loss of 4.9% while it has also outperformed when looking at the past year, putting up a gain of 14.7%. Clearly, DEI is riding a bit of a hot streak and is worth a closer look by investors.
Quarter EPS Estimate Change for Douglas Emmett Stock
While looking at price performance or full year earnings can be essential to understanding a momentum stock, you shouldn't forget about the current quarter EPS and the trend in estimates there. This change can signal how a stock might perform in the next earnings season which is obviously vital for momentum investors.
Right now, DEI is seeing a nice trend over the past month when it comes to this quarter's earnings estimate projections. In the time frame, EPS estimates for Douglas Emmett have gone up by 1.1% compared to an industry average move of 0.4%, suggesting that not only is DEI heading in the right direction, but it is seeing an increase relative to the industry too.
DEI Earnings Estimate Revisions Moving in the Right Direction
While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. A nice path here can really help to show us a promising stock, and we have actually been seeing that with DEI as of late too.
Over the past two months, 8 earnings estimates have gone higher compared to 0 lower for the full year, while we are also seeing 7 upward revisions versus 0 downward revisions for the next year time frame too. These revisions have helped to boost the consensus estimate as two months ago DEI was expected to post earnings of $1.62 per share for the full year, though today it looks to have earnings per share of $1.63 for the full year now, representing a solid increase which is something that should definitely be welcomed news to would-be investors.
Bottom Line
Given these factors, investors shouldn't be surprised to note that we have DEI as a security with a Zacks Rank #2 (Buy) and a Momentum Score of 'B'. So if you are looking for a fresh pick that has potential to move in the right direction, definitely keep DEI on your short list as this looks be a stock that is very well-positioned to soar in the near term.
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DOUGLAS EMMETT (DEI): 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.
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This method discovered several great candidates for momentum-oriented investors, but today let's focus in on Douglas Emmett Inc ( DEI ) as this stock is looking especially impressive right now. Bottom Line Given these factors, investors shouldn't be surprised to note that we have DEI as a security with a Zacks Rank #2 (Buy) and a Momentum Score of 'B'. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for DEI's status as a solid momentum stock below: Longer Term Price Change for Douglas Emmett While any stock can see a spike in price, it takes a real winner to consistently outperform the market.
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And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for DEI's status as a solid momentum stock below: Longer Term Price Change for Douglas Emmett While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Click to get this free report DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here. This method discovered several great candidates for momentum-oriented investors, but today let's focus in on Douglas Emmett Inc ( DEI ) as this stock is looking especially impressive right now.
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And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for DEI's status as a solid momentum stock below: Longer Term Price Change for Douglas Emmett While any stock can see a spike in price, it takes a real winner to consistently outperform the market. These revisions have helped to boost the consensus estimate as two months ago DEI was expected to post earnings of $1.62 per share for the full year, though today it looks to have earnings per share of $1.63 for the full year now, representing a solid increase which is something that should definitely be welcomed news to would-be investors. This method discovered several great candidates for momentum-oriented investors, but today let's focus in on Douglas Emmett Inc ( DEI ) as this stock is looking especially impressive right now.
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This method discovered several great candidates for momentum-oriented investors, but today let's focus in on Douglas Emmett Inc ( DEI ) as this stock is looking especially impressive right now. Right now, DEI is seeing a nice trend over the past month when it comes to this quarter's earnings estimate projections. DEI Earnings Estimate Revisions Moving in the Right Direction While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends.
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86778fae-670d-412c-82ec-7a5b0dbbdb61
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725108.0
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2015-09-25 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for September 28, 2015
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-september-28-2015-2015-09-25
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on September 28, 2015. A cash dividend payment of $0.21 per share is scheduled to be paid on October 15, 2015. Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that DEI has paid the same dividend. At the current stock price of $29.51, the dividend yield is 2.85%.
The previous trading day's last sale of DEI was $29.51, representing a -4.93% decrease from the 52 week high of $31.04 and a 15.91% increase over the 52 week low of $25.46.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). DEI's current earnings per share, an indicator of a company's profitability, is $.33. Zacks Investment Research reports DEI's forecasted earnings growth in 2015 as 5.97%, compared to an industry average of 7.7%.
For more information on the declaration, record and payment dates, visit the DEI 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.
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Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports DEI's forecasted earnings growth in 2015 as 5.97%, compared to an industry average of 7.7%.
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DEI's current earnings per share, an indicator of a company's profitability, is $.33. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on September 28, 2015.
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Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that DEI has paid the same dividend. For more information on the declaration, record and payment dates, visit the DEI Dividend History page.
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Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on September 28, 2015. This marks the 4th quarter that DEI has paid the same dividend.
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e21a2ec8-8575-4fb6-9ef4-35288aef1978
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725109.0
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2015-09-11 00:00:00 UTC
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Friday's ETF Movers: ICF, OIH
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DEI
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https://www.nasdaq.com/articles/fridays-etf-movers-icf-oih-2015-09-11
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nan
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nan
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In trading on Friday, the iShares Cohen & Steers REIT ETF ( ICF ) is outperforming other ETFs, up about 1.4% on the day. Components of that ETF showing particular strength include shares of Douglas Emmett ( DEI ), up about 2.5% and shares of Kilroy Realty ( KRC ), up about 2.4% on the day.
And underperforming other ETFs today is the Oil Services ETF ( OIH ), off about 2.5% in Friday afternoon trading. Among components of that ETF with the weakest showing on Friday were shares of US Silica Holdings ( SLCA ), lower by about 7.9%, and shares of Seadrill Limited (SDRL), lower by about 7.6% on the day.
VIDEO: Friday's ETF Movers: ICF, OIH
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.
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Components of that ETF showing particular strength include shares of Douglas Emmett ( DEI ), up about 2.5% and shares of Kilroy Realty ( KRC ), up about 2.4% on the day. Among components of that ETF with the weakest showing on Friday were shares of US Silica Holdings ( SLCA ), lower by about 7.9%, and shares of Seadrill Limited (SDRL), lower by about 7.6% on the day. VIDEO: Friday's ETF Movers: ICF, OIH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Components of that ETF showing particular strength include shares of Douglas Emmett ( DEI ), up about 2.5% and shares of Kilroy Realty ( KRC ), up about 2.4% on the day. Among components of that ETF with the weakest showing on Friday were shares of US Silica Holdings ( SLCA ), lower by about 7.9%, and shares of Seadrill Limited (SDRL), lower by about 7.6% on the day. VIDEO: Friday's ETF Movers: ICF, OIH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Components of that ETF showing particular strength include shares of Douglas Emmett ( DEI ), up about 2.5% and shares of Kilroy Realty ( KRC ), up about 2.4% on the day. In trading on Friday, the iShares Cohen & Steers REIT ETF ( ICF ) is outperforming other ETFs, up about 1.4% on the day. Among components of that ETF with the weakest showing on Friday were shares of US Silica Holdings ( SLCA ), lower by about 7.9%, and shares of Seadrill Limited (SDRL), lower by about 7.6% on the day.
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Components of that ETF showing particular strength include shares of Douglas Emmett ( DEI ), up about 2.5% and shares of Kilroy Realty ( KRC ), up about 2.4% on the day. In trading on Friday, the iShares Cohen & Steers REIT ETF ( ICF ) is outperforming other ETFs, up about 1.4% on the day. And underperforming other ETFs today is the Oil Services ETF ( OIH ), off about 2.5% in Friday afternoon trading.
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d44ee3a2-e68f-4aa7-ba9a-7cba170b3068
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725110.0
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2015-08-25 00:00:00 UTC
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Douglas Emmett Becomes Oversold
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-becomes-oversold-2015-08-25
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks , according to a proprietary formula designed to identify those stocks that combine two important characteristics - strong fundamentals and a valuation that looks inexpensive. Douglas Emmett Inc (Symbol: DEI) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Douglas Emmett Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DEI entered into oversold territory, changing hands as low as $27.25 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Douglas Emmett Inc, the RSI reading has hit 27.1 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 31.1. A falling stock price - all else being equal - creates a better opportunity for dividend investors to capture a higher yield. Indeed, DEI's recent annualized dividend of 0.84/share (currently paid in quarterly installments) works out to an annual yield of 2.99% based upon the recent $28.15 share price.
A bullish investor could look at DEI's 27.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DEI is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
According to the ETF Finder at ETF Channel, DEI makes up 1.21% of the PowerShares S&P MidCap Low Volatility Portfolio ETF (Symbol: XMLV) which is trading relatively unchanged on the day Tuesday.
Click here to find out what 9 other oversold dividend stocks you need to know about »
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.
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A bullish investor could look at DEI's 27.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Douglas Emmett Inc (Symbol: DEI) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Douglas Emmett Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DEI entered into oversold territory, changing hands as low as $27.25 per share.
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Indeed, DEI's recent annualized dividend of 0.84/share (currently paid in quarterly installments) works out to an annual yield of 2.99% based upon the recent $28.15 share price. Douglas Emmett Inc (Symbol: DEI) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Douglas Emmett Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DEI entered into oversold territory, changing hands as low as $27.25 per share.
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Douglas Emmett Inc (Symbol: DEI) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Douglas Emmett Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DEI entered into oversold territory, changing hands as low as $27.25 per share. Indeed, DEI's recent annualized dividend of 0.84/share (currently paid in quarterly installments) works out to an annual yield of 2.99% based upon the recent $28.15 share price.
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But making Douglas Emmett Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DEI entered into oversold territory, changing hands as low as $27.25 per share. Indeed, DEI's recent annualized dividend of 0.84/share (currently paid in quarterly installments) works out to an annual yield of 2.99% based upon the recent $28.15 share price. Douglas Emmett Inc (Symbol: DEI) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
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58af8be5-28d6-476d-8b60-68025e82bbfb
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725111.0
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2015-08-25 00:00:00 UTC
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DEI Dividend Yield Pushes Above 3%
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DEI
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https://www.nasdaq.com/articles/dei-dividend-yield-pushes-above-3-2015-08-25
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel , in trading on Tuesday, shares of Douglas Emmett Inc (Symbol: DEI) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.84), with the stock changing hands as low as $27.72 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF ( IWV ) back on 5/31/2000 - you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 3% would appear considerably attractive if that yield is sustainable. Douglas Emmett Inc (Symbol: DEI) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Douglas Emmett Inc, looking at the history chart for DEI below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield. According to the ETF Finder at ETF Channel, DEI makes up 1.21% of the PowerShares S&P MidCap Low Volatility Portfolio ETF (Symbol: XMLV) which is trading lower by about 0.3% on the day Tuesday.
Click here to find out which 9 other dividend stocks just recently went on sale »
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.
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Looking at the universe of stocks we cover at Dividend Channel , in trading on Tuesday, shares of Douglas Emmett Inc (Symbol: DEI) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.84), with the stock changing hands as low as $27.72 on the day. Douglas Emmett Inc (Symbol: DEI) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Douglas Emmett Inc, looking at the history chart for DEI below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel , in trading on Tuesday, shares of Douglas Emmett Inc (Symbol: DEI) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.84), with the stock changing hands as low as $27.72 on the day. Douglas Emmett Inc (Symbol: DEI) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Douglas Emmett Inc, looking at the history chart for DEI below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel , in trading on Tuesday, shares of Douglas Emmett Inc (Symbol: DEI) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.84), with the stock changing hands as low as $27.72 on the day. Douglas Emmett Inc (Symbol: DEI) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Douglas Emmett Inc, looking at the history chart for DEI below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel , in trading on Tuesday, shares of Douglas Emmett Inc (Symbol: DEI) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.84), with the stock changing hands as low as $27.72 on the day. Douglas Emmett Inc (Symbol: DEI) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Douglas Emmett Inc, looking at the history chart for DEI below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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bfe170a4-9474-480f-af4e-2f8b0687a1cc
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725112.0
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2015-08-14 00:00:00 UTC
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Public Storage (PSA) Hits 52-Week High: Should You Hold?
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DEI
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https://www.nasdaq.com/articles/public-storage-psa-hits-52-week-high%3A-should-you-hold-2015-08-14
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nan
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nan
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Shares of Public StoragePSA scaled a new 52-week high of $213.34 on Aug 13. The storage real estate investment trust ("REIT") stock closed the session at $212.55, reflecting a solid year-to-date return of over 15%. The trading volume for the session was more than 0.7 million shares.
Despite the initial peak, however, we believe that the stock has ample momentum left, given improving fundamentals at the self-storage industry, strategic expansions and synergistic acquisitions, and a long-term expected growth rate of 5.5%.
Growth Drivers
Stock price of Glendale, CA-based Public Storage gained pace following the disclosure of a decent second-quarter 2015 result in late July. Backed by strong top-line growth, the company's quarterly funds from operations (FFO) came in at $2.15 per share, up from $1.99 reported in the year-ago period. Reported FFO also beat the Zacks Consensus Estimate of $2.14 and reflected an increase in net operating income from both same-store and non-same-store facilities.
Moreover, this week, Public Storage announced the opening of a new self-storage facility in Denver, CO. The move has increased the number of locations being operated by the company in the larger metropolitan area to an even 50.
The company has been capitalizing on growth opportunities in the U.S. markets through acquisitions as well. It acquired 8 self-storage facilities for $72.2 million in the first half of 2015 itself, and is under contract to acquire another 9 facilities for $96.7 million. We believe both organic and inorganic growth will boost the company's growth momentum.
Moreover, given its reputation in the self-storage industry and solid brand image, superior performance of its U.S. portfolio and strong presence in key cities, we believe Public Storage still has a long way to go.
Echoing similar sentiments, over the last 7 days, the Zacks Consensus Estimate climbed 0.3% to $8.68 for 2015 and 0.5% to $9.33 for 2016. Currently, Public Storage carries a Zacks Rank #3 (Hold).
Other REITs Scaling Highs
Other REITs that have scaled 52-week highs on Aug 13 include CubeSmart CUBE , Douglas Emmett Inc DEI and Extra Space Storage Inc. EXR .
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.
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 >>
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
PUBLIC STORAGE (PSA): Free Stock Analysis Report
CUBESMART (CUBE): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
EXTRA SPACE STG (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.
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Other REITs Scaling Highs Other REITs that have scaled 52-week highs on Aug 13 include CubeSmart CUBE , Douglas Emmett Inc DEI and Extra Space Storage Inc. EXR . Click to get this free report PUBLIC STORAGE (PSA): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Despite the initial peak, however, we believe that the stock has ample momentum left, given improving fundamentals at the self-storage industry, strategic expansions and synergistic acquisitions, and a long-term expected growth rate of 5.5%.
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Other REITs Scaling Highs Other REITs that have scaled 52-week highs on Aug 13 include CubeSmart CUBE , Douglas Emmett Inc DEI and Extra Space Storage Inc. EXR . Click to get this free report PUBLIC STORAGE (PSA): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Reported FFO also beat the Zacks Consensus Estimate of $2.14 and reflected an increase in net operating income from both same-store and non-same-store facilities.
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Click to get this free report PUBLIC STORAGE (PSA): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Other REITs Scaling Highs Other REITs that have scaled 52-week highs on Aug 13 include CubeSmart CUBE , Douglas Emmett Inc DEI and Extra Space Storage Inc. EXR . Reported FFO also beat the Zacks Consensus Estimate of $2.14 and reflected an increase in net operating income from both same-store and non-same-store facilities.
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Other REITs Scaling Highs Other REITs that have scaled 52-week highs on Aug 13 include CubeSmart CUBE , Douglas Emmett Inc DEI and Extra Space Storage Inc. EXR . Click to get this free report PUBLIC STORAGE (PSA): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Reported FFO also beat the Zacks Consensus Estimate of $2.14 and reflected an increase in net operating income from both same-store and non-same-store facilities.
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2ada0c93-170c-48a0-acfe-ac3a714ee442
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725113.0
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2015-06-25 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for June 26, 2015
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-june-26-2015-2015-06-25
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on June 26, 2015. A cash dividend payment of $0.21 per share is scheduled to be paid on July 15, 2015. Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DEI has paid the same dividend. At the current stock price of $27.75, the dividend yield is 3.03%.
The previous trading day's last sale of DEI was $27.75, representing a -10.25% decrease from the 52 week high of $30.92 and a 8.99% increase over the 52 week low of $25.46.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). DEI's current earnings per share, an indicator of a company's profitability, is $.33. Zacks Investment Research reports DEI's forecasted earnings growth in 2015 as 4.81%, compared to an industry average of 7.1%.
For more information on the declaration, record and payment dates, visit the DEI 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.
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Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports DEI's forecasted earnings growth in 2015 as 4.81%, compared to an industry average of 7.1%.
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DEI's current earnings per share, an indicator of a company's profitability, is $.33. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on June 26, 2015.
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Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DEI has paid the same dividend. For more information on the declaration, record and payment dates, visit the DEI Dividend History page.
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Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on June 26, 2015. This marks the 3rd quarter that DEI has paid the same dividend.
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adcec03f-5225-45ec-809a-276df35a5242
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725114.0
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2015-05-18 00:00:00 UTC
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Interesting DEI Call Options For January 2016
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DEI
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https://www.nasdaq.com/articles/interesting-dei-call-options-january-2016-2015-05-18
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nan
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nan
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Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available today, for the January 2016 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DEI options chain for the new January 2016 contracts and identified the following call contract of particular interest.
The call contract at the $30.00 strike price has a current bid of $1.30. If an investor was to purchase shares of DEI stock at the current price level of $29.35/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $30.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.64% if the stock gets called away at the January 2016 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DEI shares really soar, which is why looking at the trailing twelve month trading history for Douglas Emmett Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DEI's trailing twelve month trading history, with the $30.00 strike highlighted in red:
Considering the fact that the $30.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 56%. On our website under the contract detail page for this contract , Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.43% boost of extra return to the investor, or 6.68% annualized, which we refer to as the YieldBoost .
The implied volatility in the call contract example above is 20%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $29.35) to be 17%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the REITs »
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.
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Of course, a lot of upside could potentially be left on the table if DEI shares really soar, which is why looking at the trailing twelve month trading history for Douglas Emmett Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DEI's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available today, for the January 2016 expiration.
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Of course, a lot of upside could potentially be left on the table if DEI shares really soar, which is why looking at the trailing twelve month trading history for Douglas Emmett Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DEI's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available today, for the January 2016 expiration.
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If an investor was to purchase shares of DEI stock at the current price level of $29.35/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $30.00. Below is a chart showing DEI's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available today, for the January 2016 expiration.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DEI options chain for the new January 2016 contracts and identified the following call contract of particular interest. Below is a chart showing DEI's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available today, for the January 2016 expiration.
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1f4771f9-26c0-45e2-913c-cacc6ad4b4c9
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725115.0
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2015-04-21 00:00:00 UTC
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First Week of June 19th Options Trading For Douglas Emmett (DEI)
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DEI
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https://www.nasdaq.com/articles/first-week-june-19th-options-trading-douglas-emmett-dei-2015-04-21
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nan
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nan
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Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available this week, for the June 19th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DEI options chain for the new June 19th contracts and identified the following call contract of particular interest.
The call contract at the $30.00 strike price has a current bid of 20 cents. If an investor was to purchase shares of DEI stock at the current price level of $29.05/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $30.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.96% if the stock gets called away at the June 19th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DEI shares really soar, which is why looking at the trailing twelve month trading history for Douglas Emmett Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DEI's trailing twelve month trading history, with the $30.00 strike highlighted in red:
Considering the fact that the $30.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. On our website under the contract detail page for this contract , Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.69% boost of extra return to the investor, or 4.26% annualized, which we refer to as the YieldBoost .
The implied volatility in the call contract example above is 25%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $29.05) to be 16%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the REITs »
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.
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Of course, a lot of upside could potentially be left on the table if DEI shares really soar, which is why looking at the trailing twelve month trading history for Douglas Emmett Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DEI's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available this week, for the June 19th expiration.
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Of course, a lot of upside could potentially be left on the table if DEI shares really soar, which is why looking at the trailing twelve month trading history for Douglas Emmett Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DEI's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available this week, for the June 19th expiration.
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If an investor was to purchase shares of DEI stock at the current price level of $29.05/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $30.00. Below is a chart showing DEI's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available this week, for the June 19th expiration.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DEI options chain for the new June 19th contracts and identified the following call contract of particular interest. If an investor was to purchase shares of DEI stock at the current price level of $29.05/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $30.00. Below is a chart showing DEI's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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f7b8321e-603d-41eb-a222-bc6e60ba8fb8
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725116.0
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2015-04-06 00:00:00 UTC
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After Hours Most Active for Apr 6, 2015 : WIN, O, IGT, DEI, CNO, SIRI, KKR, KO, QQQ, CSCO, FOXA, GILD
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DEI
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https://www.nasdaq.com/articles/after-hours-most-active-apr-6-2015-win-o-igt-dei-cno-siri-kkr-ko-qqq-csco-foxa-gild-2015
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nan
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nan
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The NASDAQ 100 After Hours Indicator is up 1.04 to 4,352.02. The total After hours volume is currently 93,704,784 shares traded.
The following are the most active stocks for the after hours session :
Windstream Holdings, Inc. ( WIN ) is +0.01 at $8.07, with 64,132,332 shares traded. As reported in the last short interest update the days to cover for WIN is 11.663399; this calculation is based on the average trading volume of the stock.
Realty Income Corporation ( O ) is +0.08 at $50.64, with 13,224,073 shares traded. As reported in the last short interest update the days to cover for O is 12.015701; this calculation is based on the average trading volume of the stock.
International Game Technology ( IGT ) is +0.04 at $17.72, with 6,156,939 shares traded. IGT's current last sale is 97.77% of the target price of $18.125.
Douglas Emmett, Inc. ( DEI ) is -0.07 at $30.85, with 3,089,527 shares traded., following a 52-week high recorded in today's regular session.
CNO Financial Group, Inc. ( CNO ) is unchanged at $17.81, with 3,040,842 shares traded. CNO's current last sale is 96.27% of the target price of $18.5.
Sirius XM Holdings Inc. ( SIRI ) is -0.01 at $3.90, with 2,368,676 shares traded. As reported by Zacks, the current mean recommendation for SIRI is in the "buy range".
KKR & Co. L.P. ( KKR ) is -0.0222 at $22.83, with 2,188,434 shares traded. As reported by Zacks, the current mean recommendation for KKR is in the "buy range".
Coca-Cola Company (The) ( KO ) is +0.1442 at $41.31, with 2,033,181 shares traded. KO's current last sale is 91.81% of the target price of $45.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.03 at $105.95, with 1,988,742 shares traded. This represents a 27.22% increase from its 52 Week Low.
Cisco Systems, Inc. ( CSCO ) is +0.0033 at $27.22, with 1,077,934 shares traded. As reported by Zacks, the current mean recommendation for CSCO is in the "buy range".
Twenty-First Century Fox, Inc. ( FOXA ) is unchanged at $34.44, with 826,230 shares traded. As reported by Zacks, the current mean recommendation for FOXA is in the "buy range".
Gilead Sciences, Inc. ( GILD ) is unchanged at $97.79, with 794,848 shares traded. As reported by Zacks, the current mean recommendation for GILD is in the "buy range".
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.
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Douglas Emmett, Inc. ( DEI ) is -0.07 at $30.85, with 3,089,527 shares traded., following a 52-week high recorded in today's regular session. As reported in the last short interest update the days to cover for WIN is 11.663399; this calculation is based on the average trading volume of the stock. As reported in the last short interest update the days to cover for O is 12.015701; this calculation is based on the average trading volume of the stock.
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Douglas Emmett, Inc. ( DEI ) is -0.07 at $30.85, with 3,089,527 shares traded., following a 52-week high recorded in today's regular session. The total After hours volume is currently 93,704,784 shares traded. As reported in the last short interest update the days to cover for WIN is 11.663399; this calculation is based on the average trading volume of the stock.
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Douglas Emmett, Inc. ( DEI ) is -0.07 at $30.85, with 3,089,527 shares traded., following a 52-week high recorded in today's regular session. The total After hours volume is currently 93,704,784 shares traded. The following are the most active stocks for the after hours session : Windstream Holdings, Inc. ( WIN ) is +0.01 at $8.07, with 64,132,332 shares traded.
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Douglas Emmett, Inc. ( DEI ) is -0.07 at $30.85, with 3,089,527 shares traded., following a 52-week high recorded in today's regular session. The following are the most active stocks for the after hours session : Windstream Holdings, Inc. ( WIN ) is +0.01 at $8.07, with 64,132,332 shares traded. As reported by Zacks, the current mean recommendation for KKR is in the "buy range".
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4ac84869-e215-4cc0-8100-027ee747fb87
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725117.0
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2015-03-26 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for March 27, 2015
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-march-27-2015-2015-03-26
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on March 27, 2015. A cash dividend payment of $0.21 per share is scheduled to be paid on April 15, 2015. Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 5% increase over the same period a year ago.
The previous trading day's last sale of DEI was $29.61, representing a -2.89% decrease from the 52 week high of $30.49 and a 16.3% increase over the 52 week low of $25.46.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). DEI's current earnings per share, an indicator of a company's profitability, is $.3. Zacks Investment Research reports DEI's forecasted earnings growth in 2015 as 4.47%, compared to an industry average of 8.9%.
For more information on the declaration, record and payment dates, visit the DEI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DEI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DEI as a top-10 holding:
iShares FTSE NAREIT Industrial/Office Index Fund (FNIO).
The top-performing ETF of this group is FNIO with an decrease of -3.51% over the last 100 days. It also has the highest percent weighting of DEI at 3.35%.
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.
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Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports DEI's forecasted earnings growth in 2015 as 4.47%, compared to an industry average of 8.9%.
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Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on March 27, 2015.
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Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEI was $29.61, representing a -2.89% decrease from the 52 week high of $30.49 and a 16.3% increase over the 52 week low of $25.46. For more information on the declaration, record and payment dates, visit the DEI Dividend History page.
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Shareholders who purchased DEI prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEI was $29.61, representing a -2.89% decrease from the 52 week high of $30.49 and a 16.3% increase over the 52 week low of $25.46. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on March 27, 2015.
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e1abb42b-b6a7-4efa-8610-14004e2c6975
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725118.0
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2015-02-02 00:00:00 UTC
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Notable Two Hundred Day Moving Average Cross - DEI
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DEI
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https://www.nasdaq.com/articles/notable-two-hundred-day-moving-average-cross-dei-2015-02-02
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nan
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nan
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In trading on Monday, shares of Douglas Emmett Inc (Symbol: DEI) crossed below their 200 day moving average of $28.05, changing hands as low as $27.66 per share. Douglas Emmett Inc shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of DEI shares, versus its 200 day moving average:
Looking at the chart above, DEI's low point in its 52 week range is $24.80 per share, with $29.80 as the 52 week high point - that compares with a last trade of $27.96.
According to the ETF Finder at ETF Channel, DEI makes up 1.27% of the PowerShares Active U.S. Real Estate Fund ETF (Symbol: PSR) which is trading lower by about 1.5% on the day Monday.
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
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.
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In trading on Monday, shares of Douglas Emmett Inc (Symbol: DEI) crossed below their 200 day moving average of $28.05, changing hands as low as $27.66 per share. The chart below shows the one year performance of DEI shares, versus its 200 day moving average: Looking at the chart above, DEI's low point in its 52 week range is $24.80 per share, with $29.80 as the 52 week high point - that compares with a last trade of $27.96. According to the ETF Finder at ETF Channel, DEI makes up 1.27% of the PowerShares Active U.S. Real Estate Fund ETF (Symbol: PSR) which is trading lower by about 1.5% on the day Monday.
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In trading on Monday, shares of Douglas Emmett Inc (Symbol: DEI) crossed below their 200 day moving average of $28.05, changing hands as low as $27.66 per share. The chart below shows the one year performance of DEI shares, versus its 200 day moving average: Looking at the chart above, DEI's low point in its 52 week range is $24.80 per share, with $29.80 as the 52 week high point - that compares with a last trade of $27.96. According to the ETF Finder at ETF Channel, DEI makes up 1.27% of the PowerShares Active U.S. Real Estate Fund ETF (Symbol: PSR) which is trading lower by about 1.5% on the day Monday.
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In trading on Monday, shares of Douglas Emmett Inc (Symbol: DEI) crossed below their 200 day moving average of $28.05, changing hands as low as $27.66 per share. The chart below shows the one year performance of DEI shares, versus its 200 day moving average: Looking at the chart above, DEI's low point in its 52 week range is $24.80 per share, with $29.80 as the 52 week high point - that compares with a last trade of $27.96. According to the ETF Finder at ETF Channel, DEI makes up 1.27% of the PowerShares Active U.S. Real Estate Fund ETF (Symbol: PSR) which is trading lower by about 1.5% on the day Monday.
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In trading on Monday, shares of Douglas Emmett Inc (Symbol: DEI) crossed below their 200 day moving average of $28.05, changing hands as low as $27.66 per share. According to the ETF Finder at ETF Channel, DEI makes up 1.27% of the PowerShares Active U.S. Real Estate Fund ETF (Symbol: PSR) which is trading lower by about 1.5% on the day Monday. The chart below shows the one year performance of DEI shares, versus its 200 day moving average: Looking at the chart above, DEI's low point in its 52 week range is $24.80 per share, with $29.80 as the 52 week high point - that compares with a last trade of $27.96.
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74c167f5-7d1c-4f49-8b93-a2d6fdcba205
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725119.0
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2014-12-24 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for December 26, 2014
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-december-26-2014-2014-12-24
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on December 26, 2014. A cash dividend payment of $0.21 per share is scheduled to be paid on January 15, 2015. Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 5% increase over the prior quarter. At the current stock price of $28.88, the dividend yield is 2.91%.
The previous trading day's last sale of DEI was $28.88, representing a -2.3% decrease from the 52 week high of $29.56 and a 25.02% increase over the 52 week low of $23.10.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). DEI's current earnings per share, an indicator of a company's profitability, is $.29. Zacks Investment Research reports DEI's forecasted earnings growth in 2014 as 4.03%, compared to an industry average of 9.5%.
For more information on the declaration, record and payment dates, visit the DEI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DEI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DEI as a top-10 holding:
iShares FTSE NAREIT Industrial/Office Index Fund (FNIO).
The top-performing ETF of this group is FNIO with an decrease of -3.51% over the last 100 days. It also has the highest percent weighting of DEI at 3.35%.
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.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports DEI's forecasted earnings growth in 2014 as 4.03%, compared to an industry average of 9.5%.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on December 26, 2014.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEI was $28.88, representing a -2.3% decrease from the 52 week high of $29.56 and a 25.02% increase over the 52 week low of $23.10. For more information on the declaration, record and payment dates, visit the DEI Dividend History page.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI's current earnings per share, an indicator of a company's profitability, is $.29. The following ETF(s) have DEI as a top-10 holding: iShares FTSE NAREIT Industrial/Office Index Fund (FNIO).
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ea8e3467-f125-460f-9bcf-ef0887d0cdcb
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725120.0
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2014-11-10 00:00:00 UTC
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After-Hours Earnings Report for November 10, 2014 : RAX, DEI, WWD, PRAA, NPSP, CIB, ACAD, ATW, ATLS, CZR, HK, ARP
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DEI
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https://www.nasdaq.com/articles/after-hours-earnings-report-november-10-2014-rax-dei-wwd-praa-npsp-cib-acad-atw-atls-czr
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nan
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nan
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The following companies are expected to report earnings after hours on 11/10/2014. Visit our Earnings Calendar for a full list of expected earnings releases.
Rackspace Hosting, Inc ( RAX ) is reporting for the quarter ending September 30, 2014. The internet services company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.16. This value represents a 45.45% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for RAX is 55.87 vs. an industry ratio of 2.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Douglas Emmett, Inc. ( DEI ) is reporting for the quarter ending September 30, 2014. The reit company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.39. This value represents a 5.41% increase compared to the same quarter last year. In the past year DEI has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DEI is 17.97 vs. an industry ratio of 15.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Woodward, Inc. ( WWD ) is reporting for the quarter ending September 30, 2014. The industrial company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.76. This value represents a no change for the same quarter last year. WWD missed the consensus earnings per share in the 4th calendar quarter of 2013 by -17.07%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for WWD is 21.14 vs. an industry ratio of 11.70, implying that they will have a higher earnings growth than their competitors in the same industry.
PRA Group, Inc. ( PRAA ) is reporting for the quarter ending September 30, 2014. The financial services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.11. This value represents a 4.72% increase compared to the same quarter last year. PRAA missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -17.78%. The "days to cover" for this stock exceeds 15 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for PRAA is 15.94 vs. an industry ratio of 21.40.
NPS Pharmaceuticals, Inc. ( NPSP ) is reporting for the quarter ending September 30, 2014. The drug company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.01. This value represents a 200.00% increase compared to the same quarter last year. NPSP missed the consensus earnings per share in the 1st calendar quarter of 2014 by -50%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for NPSP is 916.33 vs. an industry ratio of 8.20, implying that they will have a higher earnings growth than their competitors in the same industry.
BanColombia S.A. ( CIB ) is reporting for the quarter ending September 30, 2014. The bank (foreign) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.09. This value represents a 36.25% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for CIB is 12.77 vs. an industry ratio of 12.20, implying that they will have a higher earnings growth than their competitors in the same industry.
ACADIA Pharmaceuticals Inc. ( ACAD ) is reporting for the quarter ending September 30, 2014. The biomedical (gene) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.21. This value represents a 75.00% decrease compared to the same quarter last year. The last two quarters ACAD had negative earnings surprises; the latest report they missed by -29.41%. The "days to cover" for this stock exceeds 13 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ACAD is -32.58 vs. an industry ratio of -6.60.
Atwood Oceanics, Inc. ( ATW ) is reporting for the quarter ending September 30, 2014. The oil & gas drilling company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.52. This value represents a 3.18% decrease compared to the same quarter last year. In the past year ATW has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.78%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ATW is 8.16 vs. an industry ratio of 8.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Atlas Energy, L.P. ( ATLS ) is reporting for the quarter ending September 30, 2014. The oil (production/pipeline) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.16. This value represents a 366.67% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ATLS is -35.54 vs. an industry ratio of 32.40.
Caesars Entertainment Corporation ( CZR ) is reporting for the quarter ending September 30, 2014. The gaming company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-1.68. This value represents a 33.33% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for CZR is -1.28 vs. an industry ratio of 14.10.
Halcon Resources Corporation ( HK ) is reporting for the quarter ending September 30, 2014. The oil (us exp & production) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.06. This value represents a 50.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for HK is 16.20 vs. an industry ratio of 17.40.
Atlas Resource Partners, L.P. ( ARP ) is reporting for the quarter ending September 30, 2014. The oil (us exp & production) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.01. This value represents a 92.31% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ARP is -59.43 vs. an industry ratio of 17.40.
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.
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Douglas Emmett, Inc. ( DEI ) is reporting for the quarter ending September 30, 2014. In the past year DEI has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DEI is 17.97 vs. an industry ratio of 15.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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Douglas Emmett, Inc. ( DEI ) is reporting for the quarter ending September 30, 2014. In the past year DEI has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DEI is 17.97 vs. an industry ratio of 15.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2014 Price to Earnings ratio for DEI is 17.97 vs. an industry ratio of 15.90, implying that they will have a higher earnings growth than their competitors in the same industry. Douglas Emmett, Inc. ( DEI ) is reporting for the quarter ending September 30, 2014. In the past year DEI has met analyst expectations once and beat the expectations the other three quarters.
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Douglas Emmett, Inc. ( DEI ) is reporting for the quarter ending September 30, 2014. In the past year DEI has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DEI is 17.97 vs. an industry ratio of 15.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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868e9c1b-db86-4c84-afe6-c02a2ee32aa2
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725121.0
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2014-09-25 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for September 26, 2014
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-september-26-2014-2014-09-25
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on September 26, 2014. A cash dividend payment of $0.2 per share is scheduled to be paid on October 15, 2014. Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that DEI has paid the same dividend. At the current stock price of $25.91, the dividend yield is 3.09%.
The previous trading day's last sale of DEI was $25.91, representing a -12.35% decrease from the 52 week high of $29.56 and a 16.34% increase over the 52 week low of $22.27.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). DEI's current earnings per share, an indicator of a company's profitability, is $.31. Zacks Investment Research reports DEI's forecasted earnings growth in 2014 as 4.7%, compared to an industry average of 9.2%.
For more information on the declaration, record and payment dates, visit the DEI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DEI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DEI as a top-10 holding:
iShares Industrial/Office Real Estate Capped ETF ( FNIO ).
The top-performing ETF of this group is FNIO with an decrease of -5.08% over the last 100 days. It also has the highest percent weighting of DEI at 3.35%.
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.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports DEI's forecasted earnings growth in 2014 as 4.7%, compared to an industry average of 9.2%.
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DEI's current earnings per share, an indicator of a company's profitability, is $.31. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on September 26, 2014.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the DEI Dividend History page. The following ETF(s) have DEI as a top-10 holding: iShares Industrial/Office Real Estate Capped ETF ( FNIO ).
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI's current earnings per share, an indicator of a company's profitability, is $.31. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on September 26, 2014.
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322b5e3e-4a9f-4aeb-9471-4152b22366c3
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725122.0
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2014-09-16 00:00:00 UTC
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Daily Dividend Report: NGPC, CPT, KRC, DEI, UMPQ
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DEI
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https://www.nasdaq.com/articles/daily-dividend-report-ngpc-cpt-krc-dei-umpq-2014-09-16
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nan
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nan
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This morning, NGP Capital Resources ( NGPC ) declared its quarterly dividend of 16 cents per share, maintaining the amount paid to shareholders the prior quarter. Based on the current stock price, investors can expect a yield of about 9.8% going forward. Shares of NGPC were lower on Tuesday, falling 0.8% so far.
In other dividend news, Camden Property Trust ( CPT ) maintained its quarterly dividend of 66 cents per share. Kilroy Realty ( KRC ) maintained its quarterly dividend of 35 cents per share. Douglas Emmett ( DEI ) maintained its quarterly dividend of 20 cents per share. And Umpqua Holdings ( UMPQ ) maintained its quarterly dividend of 15 cents per share.
VIDEO: Daily Dividend Report: NGPC, CPT, KRC, DEI, UMPQ
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.
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Douglas Emmett ( DEI ) maintained its quarterly dividend of 20 cents per share. VIDEO: Daily Dividend Report: NGPC, CPT, KRC, DEI, UMPQ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Kilroy Realty ( KRC ) maintained its quarterly dividend of 35 cents per share.
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VIDEO: Daily Dividend Report: NGPC, CPT, KRC, DEI, UMPQ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett ( DEI ) maintained its quarterly dividend of 20 cents per share. In other dividend news, Camden Property Trust ( CPT ) maintained its quarterly dividend of 66 cents per share.
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VIDEO: Daily Dividend Report: NGPC, CPT, KRC, DEI, UMPQ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett ( DEI ) maintained its quarterly dividend of 20 cents per share. This morning, NGP Capital Resources ( NGPC ) declared its quarterly dividend of 16 cents per share, maintaining the amount paid to shareholders the prior quarter.
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Douglas Emmett ( DEI ) maintained its quarterly dividend of 20 cents per share. VIDEO: Daily Dividend Report: NGPC, CPT, KRC, DEI, UMPQ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. This morning, NGP Capital Resources ( NGPC ) declared its quarterly dividend of 16 cents per share, maintaining the amount paid to shareholders the prior quarter.
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9bea2faa-db8b-4c76-b735-684a1a455611
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725123.0
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2014-09-08 00:00:00 UTC
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Will Vornado's Portfolio Revamping Efforts Boost Growth? - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/will-vornados-portfolio-revamping-efforts-boost-growth-analyst-blog-2014-09-08
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nan
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nan
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Vornado Realty Trust ( VNO ) is riding high on the strategic revamping of its portfolio to focus exclusively on the office assets in the New York City and Washington, DC region and the Manhattan street retail properties. Notably, the New York portfolio is projected to grow due to improving office leasing, retail sales, and rental rates.
Last month, this real estate investment trust (REIT) disclosed that its real estate fund - Vornado Capital Partners - along with its joint venture partner Angelo, Gordon & Co., have sold off Georgetown Park for $272.5 million. The sale follows a multi-million dollar revamp and transformation job.
Also, in July, Vornado collaborated with Crown Acquisitions to buy the retail condominium of the St. Regis Hotel and the nearby retail townhouse for about $700 million. Further, the company's shopping center spin-off decision is encouraging as it would help in increasing its focusing on core assets.
In August, Vornado came up with second-quarter 2014 adjusted funds from operations (FFO) per share of $1.44, higher than the year-ago FFO per share of $1.27. This was aided by notable portfolio repositioning and leasing activity. However, including one-time expenses, the company's reported FFO per share of $1.15 came below $1.25 in the year-ago quarter, due to higher Toys 'R' Us losses.
Also, the Washington D.C. market continues to remain a major concern due to sluggish leasing environment. In addition, increase in online purchases could hurt the demand for Vornado's retail properties. Additionally, the sluggish pace of office market recovery and stiff competition remain concerns.
To gain deeper insight into Vornado, you can refer to our updated research report, which was issued on Sep 3, 2014.
Over the last 30 days, the Zacks Consensus Estimate for 2014 FFO per share remained stable at $4.79. However, for 2015, it dipped by 3 cents to $5.17. The stock currently has a Zacks Rank #3 (Hold).
Stocks That Warrant a Look
Investors interested in REITs may consider stocks like Chatham Lodging Trust ( CLDT ), DCT Industrial Trust Inc. ( DCT ) and Douglas Emmett Inc ( DEI ). All these stocks hold a Zacks Rank #2 (Buy).
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.
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
VORNADO RLTY TR (VNO): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
DCT INDUSTRIAL (DCT): Free Stock Analysis Report
CHATHAM LODGING (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.
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Stocks That Warrant a Look Investors interested in REITs may consider stocks like Chatham Lodging Trust ( CLDT ), DCT Industrial Trust Inc. ( DCT ) and Douglas Emmett Inc ( DEI ). Click to get this free report VORNADO RLTY TR (VNO): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DCT INDUSTRIAL (DCT): Free Stock Analysis Report CHATHAM LODGING (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Vornado Realty Trust ( VNO ) is riding high on the strategic revamping of its portfolio to focus exclusively on the office assets in the New York City and Washington, DC region and the Manhattan street retail properties.
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Stocks That Warrant a Look Investors interested in REITs may consider stocks like Chatham Lodging Trust ( CLDT ), DCT Industrial Trust Inc. ( DCT ) and Douglas Emmett Inc ( DEI ). Click to get this free report VORNADO RLTY TR (VNO): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DCT INDUSTRIAL (DCT): Free Stock Analysis Report CHATHAM LODGING (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Last month, this real estate investment trust (REIT) disclosed that its real estate fund - Vornado Capital Partners - along with its joint venture partner Angelo, Gordon & Co., have sold off Georgetown Park for $272.5 million.
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Stocks That Warrant a Look Investors interested in REITs may consider stocks like Chatham Lodging Trust ( CLDT ), DCT Industrial Trust Inc. ( DCT ) and Douglas Emmett Inc ( DEI ). Click to get this free report VORNADO RLTY TR (VNO): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DCT INDUSTRIAL (DCT): Free Stock Analysis Report CHATHAM LODGING (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Vornado Realty Trust ( VNO ) is riding high on the strategic revamping of its portfolio to focus exclusively on the office assets in the New York City and Washington, DC region and the Manhattan street retail properties.
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Stocks That Warrant a Look Investors interested in REITs may consider stocks like Chatham Lodging Trust ( CLDT ), DCT Industrial Trust Inc. ( DCT ) and Douglas Emmett Inc ( DEI ). Click to get this free report VORNADO RLTY TR (VNO): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DCT INDUSTRIAL (DCT): Free Stock Analysis Report CHATHAM LODGING (CLDT): Free Stock Analysis Report To read this article on Zacks.com click here. Vornado Realty Trust ( VNO ) is riding high on the strategic revamping of its portfolio to focus exclusively on the office assets in the New York City and Washington, DC region and the Manhattan street retail properties.
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8320452e-ec5c-46bf-b136-74ed519f7051
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725124.0
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2014-06-25 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for June 26, 2014
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-june-26-2014-2014-06-25
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on June 26, 2014. A cash dividend payment of $0.2 per share is scheduled to be paid on July 15, 2014. Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DEI has paid the same dividend. At the current stock price of $28.58, the dividend yield is 2.8%.
The previous trading day's last sale of DEI was $28.58, representing a -2.67% decrease from the 52 week high of $29.37 and a 28.33% increase over the 52 week low of $22.27.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). DEI's current earnings per share, an indicator of a company's profitability, is $.31. Zacks Investment Research reports DEI's forecasted earnings growth in 2014 as 7.58%, compared to an industry average of 9.2%.
For more information on the declaration, record and payment dates, visit the DEI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DEI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DEI as a top-10 holding:
iShares Industrial/Office Real Estate Capped ETF ( FNIO ).
The top-performing ETF of this group is FNIO with an increase of 10.55% over the last 100 days. It also has the highest percent weighting of DEI at 3.25%.
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.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports DEI's forecasted earnings growth in 2014 as 7.58%, compared to an industry average of 9.2%.
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DEI's current earnings per share, an indicator of a company's profitability, is $.31. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on June 26, 2014.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the DEI Dividend History page. The following ETF(s) have DEI as a top-10 holding: iShares Industrial/Office Real Estate Capped ETF ( FNIO ).
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI's current earnings per share, an indicator of a company's profitability, is $.31. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on June 26, 2014.
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e64d7808-d48a-4aac-a4ff-391d6f10360f
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725125.0
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2014-05-30 00:00:00 UTC
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Daily Dividend Report: EE, BLK, RTN, DEI, EAT, BWS
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DEI
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https://www.nasdaq.com/articles/daily-dividend-report-ee-blk-rtn-dei-eat-bws-2014-05-30
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nan
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nan
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El Paso Electric ( EE ) has declared a regular quarterly cash dividend on its common stock of $0.28 per share. The dividend was declared on May 29, 2014 and is payable on June 30, 2014 to shareholders of record on June 13, 2014. At the new rate, the indicated annualized cash dividend would be $1.12 per share for the following year, up from $1.06 paid in the last four quarters.
BlackRock ( BLK ) announced that its Board of Directors has declared a quarterly cash dividend of $1.93 per share of common stock, payable June 23, 2014 to shareholders of record at the close of business on June 9, 2014.
Raytheon ( RTN ) has declared a quarterly cash dividend of $0.605 per outstanding share of common stock. The cash dividend is payable on Aug. 7, 2014, to shareholders of record as of the close of business on July 2, 2014.
Douglas Emmett ( DEI ) has declared a quarterly cash dividend on each share of its common stock of $0.20, or $0.80 on an annualized basis. The dividend will be paid on July 15, 2014 to shareholders of record as of June 30, 2014.
Brinker International ( EAT ) declared a quarterly dividend of $0.24 per share on the common stock of the company payable on June 26, 2014 to shareholders of record as of June 13, 2014.
Brown Shoe Company (BWS) declared a quarterly dividend of $0.07 per share, payable July 1, 2014, to shareholders of record on June 18, 2014. This dividend will be the 366th consecutive quarterly dividend paid by the company.
VIDEO: Daily Dividend Report: EE, BLK, RTN, DEI, EAT, BWS
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.
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Douglas Emmett ( DEI ) has declared a quarterly cash dividend on each share of its common stock of $0.20, or $0.80 on an annualized basis. VIDEO: Daily Dividend Report: EE, BLK, RTN, DEI, EAT, BWS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. El Paso Electric ( EE ) has declared a regular quarterly cash dividend on its common stock of $0.28 per share.
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VIDEO: Daily Dividend Report: EE, BLK, RTN, DEI, EAT, BWS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett ( DEI ) has declared a quarterly cash dividend on each share of its common stock of $0.20, or $0.80 on an annualized basis. BlackRock ( BLK ) announced that its Board of Directors has declared a quarterly cash dividend of $1.93 per share of common stock, payable June 23, 2014 to shareholders of record at the close of business on June 9, 2014.
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Douglas Emmett ( DEI ) has declared a quarterly cash dividend on each share of its common stock of $0.20, or $0.80 on an annualized basis. VIDEO: Daily Dividend Report: EE, BLK, RTN, DEI, EAT, BWS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. BlackRock ( BLK ) announced that its Board of Directors has declared a quarterly cash dividend of $1.93 per share of common stock, payable June 23, 2014 to shareholders of record at the close of business on June 9, 2014.
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Douglas Emmett ( DEI ) has declared a quarterly cash dividend on each share of its common stock of $0.20, or $0.80 on an annualized basis. VIDEO: Daily Dividend Report: EE, BLK, RTN, DEI, EAT, BWS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. BlackRock ( BLK ) announced that its Board of Directors has declared a quarterly cash dividend of $1.93 per share of common stock, payable June 23, 2014 to shareholders of record at the close of business on June 9, 2014.
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3701f09d-0efb-4560-9297-07765ce9edc3
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725126.0
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2014-04-07 00:00:00 UTC
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First Week of May 17th Options Trading For Douglas Emmett (DEI)
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DEI
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https://www.nasdaq.com/articles/first-week-may-17th-options-trading-douglas-emmett-dei-2014-04-07
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nan
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nan
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Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available this week, for the May 17th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DEI options chain for the new May 17th contracts and identified the following put contract of particular interest.
The put contract at the $25.00 strike price has a current bid of 5 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $25.00, but will also collect the premium, putting the cost basis of the shares at $24.95 (before broker commissions). To an investor already interested in purchasing shares of DEI, that could represent an attractive alternative to paying $27.15/share today.
Because the $25.00 strike represents an approximate 8% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 85%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 0.20% return on the cash commitment, or 1.82% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Douglas Emmett Inc, and highlighting in green where the $25.00 strike is located relative to that history:
Top YieldBoost Puts of the REITs »
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.
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Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available this week, for the May 17th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DEI options chain for the new May 17th contracts and identified the following put contract of particular interest. To an investor already interested in purchasing shares of DEI, that could represent an attractive alternative to paying $27.15/share today.
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Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available this week, for the May 17th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DEI options chain for the new May 17th contracts and identified the following put contract of particular interest. To an investor already interested in purchasing shares of DEI, that could represent an attractive alternative to paying $27.15/share today.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DEI options chain for the new May 17th contracts and identified the following put contract of particular interest. Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available this week, for the May 17th expiration. To an investor already interested in purchasing shares of DEI, that could represent an attractive alternative to paying $27.15/share today.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DEI options chain for the new May 17th contracts and identified the following put contract of particular interest. Investors in Douglas Emmett Inc (Symbol: DEI) saw new options become available this week, for the May 17th expiration. To an investor already interested in purchasing shares of DEI, that could represent an attractive alternative to paying $27.15/share today.
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840cfeb0-6f8e-4e9f-991c-9e44a6e1d2fc
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725127.0
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2014-03-26 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for March 27, 2014
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-march-27-2014-2014-03-26
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on March 27, 2014. A cash dividend payment of $0.2 per share is scheduled to be paid on April 15, 2014. Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 11.11% increase over the same period a year ago.
The previous trading day's last sale of DEI was $27.06, representing a -5.35% decrease from the 52 week high of $28.59 and a 21.51% increase over the 52 week low of $22.27.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). DEI's current earnings per share, an indicator of a company's profitability, is $.3. Zacks Investment Research reports DEI's forecasted earnings growth in 2014 as 6.78%, compared to an industry average of 8%.
For more information on the declaration, record and payment dates, visit the DEI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DEI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DEI as a top-10 holding:
iShares Industrial/Office Real Estate Capped ETF ( FNIO ).
The top-performing ETF of this group is FNIO with an increase of 2.89% over the last 100 days. It also has the highest percent weighting of DEI at 3.21%.
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.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports DEI's forecasted earnings growth in 2014 as 6.78%, compared to an industry average of 8%.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on March 27, 2014.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEI was $27.06, representing a -5.35% decrease from the 52 week high of $28.59 and a 21.51% increase over the 52 week low of $22.27. The following ETF(s) have DEI as a top-10 holding: iShares Industrial/Office Real Estate Capped ETF ( FNIO ).
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on March 27, 2014. The previous trading day's last sale of DEI was $27.06, representing a -5.35% decrease from the 52 week high of $28.59 and a 21.51% increase over the 52 week low of $22.27.
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8d7ec16b-40ca-4929-9964-24210a3eebc6
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725128.0
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2014-03-11 00:00:00 UTC
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Why Strategic Hotels & Resorts (BEE) Has A Bright Short-Term Future? - Tale of the Tape
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DEI
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https://www.nasdaq.com/articles/why-strategic-hotels-resorts-bee-has-a-bright-short-term-future-tale-of-the-tape-2014-03
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nan
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nan
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One company that should be on your radar is Strategic Hotels & Resorts, Inc. ( BEE ). The stock of this real estate investment trust has seen its Zacks Rank surge over the past four weeks, moving from Neutral to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For BEE's full year estimate, we have seen 4 estimates go higher in the past 30 days, and there has been no downward revision over the same time frame. This trend has helped the consensus estimate to trend higher, going from 51 cents a share a month ago to its current level at 59 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, BEE has seen some pretty solid trading lately, as the company has moved higher by 15.1% in the past month.
If Strategic Hotels & Resorts can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put BEE on your watch list for the future.
Other top-ranked stocks worth considering in this space include Cousins Properties Incorporated ( CUZ ), CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ). All these carry a Zacks Rank #2 (Buy).
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 >>
STRATEGIC HOTEL (BEE): Free Stock Analysis Report
CUBESMART (CUBE): Free Stock Analysis Report
COUSIN PROP INC (CUZ): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): 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.
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Other top-ranked stocks worth considering in this space include Cousins Properties Incorporated ( CUZ ), CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ). Click to get this free report >> STRATEGIC HOTEL (BEE): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here. The stock of this real estate investment trust has seen its Zacks Rank surge over the past four weeks, moving from Neutral to its current position as a Buy.
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Other top-ranked stocks worth considering in this space include Cousins Properties Incorporated ( CUZ ), CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ). Click to get this free report >> STRATEGIC HOTEL (BEE): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): 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.
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Click to get this free report >> STRATEGIC HOTEL (BEE): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here. Other top-ranked stocks worth considering in this space include Cousins Properties Incorporated ( CUZ ), CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ). The stock of this real estate investment trust has seen its Zacks Rank surge over the past four weeks, moving from Neutral to its current position as a Buy.
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Other top-ranked stocks worth considering in this space include Cousins Properties Incorporated ( CUZ ), CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ). Click to get this free report >> STRATEGIC HOTEL (BEE): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here. The stock of this real estate investment trust has seen its Zacks Rank surge over the past four weeks, moving from Neutral to its current position as a Buy.
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3f974aeb-6631-4081-8394-b3300a7cd878
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725129.0
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2014-03-10 00:00:00 UTC
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Douglas Emmett (DEI) Passes Through 3% Yield Mark
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-dei-passes-through-3-yield-mark-2014-03-10
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel , in trading on Monday, shares of Douglas Emmett Inc (Symbol: DEI) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.80), with the stock changing hands as low as $26.55 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF ( IWV ) back on 5/31/2000 - you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 3% would appear considerably attractive if that yield is sustainable. Douglas Emmett Inc (Symbol: DEI) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Douglas Emmett Inc, looking at the history chart for DEI below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
According to the ETF Finder at ETF Channel, DEI makes up 3.35% of the iShares Industrial/Office Real Estate Capped ETF (Symbol: FNIO) which is trading lower by about 0.5% on the day Monday.
Click here to find out which 9 other dividend stocks just recently went on sale »
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.
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Looking at the universe of stocks we cover at Dividend Channel , in trading on Monday, shares of Douglas Emmett Inc (Symbol: DEI) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.80), with the stock changing hands as low as $26.55 on the day. Douglas Emmett Inc (Symbol: DEI) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Douglas Emmett Inc, looking at the history chart for DEI below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel , in trading on Monday, shares of Douglas Emmett Inc (Symbol: DEI) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.80), with the stock changing hands as low as $26.55 on the day. Douglas Emmett Inc (Symbol: DEI) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Douglas Emmett Inc, looking at the history chart for DEI below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel , in trading on Monday, shares of Douglas Emmett Inc (Symbol: DEI) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.80), with the stock changing hands as low as $26.55 on the day. Douglas Emmett Inc (Symbol: DEI) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Douglas Emmett Inc, looking at the history chart for DEI below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel , in trading on Monday, shares of Douglas Emmett Inc (Symbol: DEI) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.80), with the stock changing hands as low as $26.55 on the day. Douglas Emmett Inc (Symbol: DEI) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Douglas Emmett Inc, looking at the history chart for DEI below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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5424d28d-569f-410e-80b5-b28bfd50bd49
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725130.0
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2014-03-06 00:00:00 UTC
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Updated Research Report on American Tower - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/updated-research-report-on-american-tower-analyst-blog-2014-03-06
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nan
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nan
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On Mar 4, 2014, we issued an updated research report on American Tower Corp. ( AMT ). Increased deployment of 3G/4G networks, aggressive buyouts of towers in emerging markets, significant margin improvement and higher dividend growth will continue to act as catalysts for the company.
American Tower failed to deliver positive earnings surprise in three of the last four quarters, with an average beat of 0.61%. The company reported mixed financial results for the fourth quarter of fiscal 2013 with the bottom line missing the Zacks Consensus Estimate but the top line beating.
Higher adoption of smartphones/tablets coupled with increased deployment of 3G/4G networks by the carriers across the world will continue to drive the demand for tower space, going forward. American Tower is rapidly expanding its business operations in various emerging markets.
In addition to Brazil and Mexico, American Tower has taken a major initiative to expand its operations in India. Moreover, the company has started offering cost-effective outdoor Distributed Antenna Systems (DAS) to its customers.
On the downside, American Tower has a substantially leveraged balance sheet. At the end of the second quarter of 2013, the company had nearly $8.79 billion of net debt (total debt-cash & cash equivalents) and the debt-to-capitalization ratio was 0.71. High level of indebtedness increases the possibility of a company failing to generate sufficient amount of cash to meet its debt obligations in the future. This may also hinder the company's effort to access the debt market to borrow and refinance at favorable rates.
Furthermore, higher customer concentration for American Tower coupled with huge exposure to foreign exchange rate risks will act as headwinds for the company, going forward.
Currently, American Tower has a Zacks Rank #3 (Hold).
Stocks That Warrant a Look
Other stocks in the wireless tower industry include Crown Castle International Corp. ( CCI ), Cousins Properties Inc. ( CUZ ) and Douglas Emmett Inc. ( DEI ). All three have a Zacks Rank #2 (Buy).
AMER TOWER CORP (AMT): Free Stock Analysis Report
CROWN CASTLE (CCI): Free Stock Analysis Report
COUSIN PROP INC (CUZ): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): 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.
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Stocks That Warrant a Look Other stocks in the wireless tower industry include Crown Castle International Corp. ( CCI ), Cousins Properties Inc. ( CUZ ) and Douglas Emmett Inc. ( DEI ). AMER TOWER CORP (AMT): Free Stock Analysis Report CROWN CASTLE (CCI): Free Stock Analysis Report COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here. Increased deployment of 3G/4G networks, aggressive buyouts of towers in emerging markets, significant margin improvement and higher dividend growth will continue to act as catalysts for the company.
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Stocks That Warrant a Look Other stocks in the wireless tower industry include Crown Castle International Corp. ( CCI ), Cousins Properties Inc. ( CUZ ) and Douglas Emmett Inc. ( DEI ). AMER TOWER CORP (AMT): Free Stock Analysis Report CROWN CASTLE (CCI): Free Stock Analysis Report COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): 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.
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AMER TOWER CORP (AMT): Free Stock Analysis Report CROWN CASTLE (CCI): Free Stock Analysis Report COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Warrant a Look Other stocks in the wireless tower industry include Crown Castle International Corp. ( CCI ), Cousins Properties Inc. ( CUZ ) and Douglas Emmett Inc. ( DEI ). Increased deployment of 3G/4G networks, aggressive buyouts of towers in emerging markets, significant margin improvement and higher dividend growth will continue to act as catalysts for the company.
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AMER TOWER CORP (AMT): Free Stock Analysis Report CROWN CASTLE (CCI): Free Stock Analysis Report COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Warrant a Look Other stocks in the wireless tower industry include Crown Castle International Corp. ( CCI ), Cousins Properties Inc. ( CUZ ) and Douglas Emmett Inc. ( DEI ). Increased deployment of 3G/4G networks, aggressive buyouts of towers in emerging markets, significant margin improvement and higher dividend growth will continue to act as catalysts for the company.
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7cc58ae5-85fc-4d0f-9dd3-e9316669ba71
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725131.0
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2014-02-20 00:00:00 UTC
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Moving Average Crossover: Great News for Douglas Emmett (DEI)? - Tale of the Tape
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DEI
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https://www.nasdaq.com/articles/moving-average-crossover%3A-great-news-for-douglas-emmett-dei-tale-of-the-tape-2014-02-20
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for DEI broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.
This has already started to take place, as the stock has moved higher by 5.6% in the past four weeks. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.
DOUGLAS EMMETT (DEI): 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.
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Douglas Emmett, Inc. ( DEI ) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, the 50 Day Moving Average for DEI broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.
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Recently, the 50 Day Moving Average for DEI broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend. Douglas Emmett, Inc. ( DEI ) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here.
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Douglas Emmett, Inc. ( DEI ) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for DEI broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend. DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here.
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Douglas Emmett, Inc. ( DEI ) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for DEI broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend. DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here.
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97c1ae4c-f250-4beb-8089-e6352692f60d
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725132.0
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2013-12-24 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for December 26, 2013
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-december-26-2013-2013-12-24
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on December 26, 2013. A cash dividend payment of $0.2 per share is scheduled to be paid on January 15, 2014. Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 11.11% increase over the prior quarter. At the current stock price of $23.89, the dividend yield is 3.35%.
The previous trading day's last sale of DEI was $23.89, representing a -16.44% decrease from the 52 week high of $28.59 and a 7.27% increase over the 52 week low of $22.27.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). DEI's current earnings per share, an indicator of a company's profitability, is $.27. Zacks Investment Research reports DEI's forecasted earnings growth in 2013 as 9.93%, compared to an industry average of 6.3%.
For more information on the declaration, record and payment dates, visit the DEI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DEI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DEI as a top-10 holding:
iShares Industrial/Office Real Estate Capped ETF ( FNIO ).
The top-performing ETF of this group is FNIO with an decrease of -8.07% over the last 100 days. It also has the highest percent weighting of DEI at 3.4%.
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.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports DEI's forecasted earnings growth in 2013 as 9.93%, compared to an industry average of 6.3%.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on December 26, 2013.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEI was $23.89, representing a -16.44% decrease from the 52 week high of $28.59 and a 7.27% increase over the 52 week low of $22.27. For more information on the declaration, record and payment dates, visit the DEI Dividend History page.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI's current earnings per share, an indicator of a company's profitability, is $.27. The following ETF(s) have DEI as a top-10 holding: iShares Industrial/Office Real Estate Capped ETF ( FNIO ).
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db711d84-b61b-4b71-96e2-9c473d069800
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725133.0
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2013-11-01 00:00:00 UTC
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Douglas Emmett REIT Targets L.A.'s Best Neighborhoods
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-reit-targets-las-best-neighborhoods-2013-11-01
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nan
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nan
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Douglas Emmett ( DEI ) went public in 2006 as the largest real estate trust ever at that time, raising $1.6 billion.
It wasn't the best moment to invest in this particular REIT. It lost 80% of its value in the wake of the financial crisis and has been working its way back ever since. From a 2007 high of 29.28, it now trades near 25.
Its strategy is simple. It buys and manages upscale apartment buildings and big office buildings in Los Angeles County's tiniest neighborhoods. Think Beverly Hills, Brentwood, Santa Monica, Westwood and Century City on the Westside and Burbank, Sherman Oaks/Encino and Woodland Hills in the San Fernando Valley.
It owns the iconic high-rise office building at 100 Wilshire Blvd. in Santa Monica, which overlooks Bluff Park, the beach and Santa Monica Bay. Since 2010, it's owned the nearly 1 million-square-foot Bishop Square office project, Honolulu's largest office complex. It claims a 36% market share of office space in Honolulu's central business district and a 25% market share in its targeted Southern California neighborhoods.
Douglas Emmett gets 87% of its revenue from its office properties.
Funds from operation dropped in 2012 from $1.39 a share to $1.37. Analysts expect $1.49 this year and $1.55 next year.
It currently pays a 72-cent dividend, which works out to a yield of 2.9%.
The stock has been underperforming the market since mid year. It has a Relative Price Strength Rating of 36, which means 64% of stocks have outperformed it over the past year.
The stock appears to be forming a long base. It's corrected 21% over 24 weeks and now may be building the right side of a double-bottom formation.
The Accumulation/Distribution Rating is B-, which means there has been some institutional buying.
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.
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Douglas Emmett ( DEI ) went public in 2006 as the largest real estate trust ever at that time, raising $1.6 billion. It owns the iconic high-rise office building at 100 Wilshire Blvd. It has a Relative Price Strength Rating of 36, which means 64% of stocks have outperformed it over the past year.
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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. Douglas Emmett ( DEI ) went public in 2006 as the largest real estate trust ever at that time, raising $1.6 billion. Since 2010, it's owned the nearly 1 million-square-foot Bishop Square office project, Honolulu's largest office complex.
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Douglas Emmett ( DEI ) went public in 2006 as the largest real estate trust ever at that time, raising $1.6 billion. It buys and manages upscale apartment buildings and big office buildings in Los Angeles County's tiniest neighborhoods. Since 2010, it's owned the nearly 1 million-square-foot Bishop Square office project, Honolulu's largest office complex.
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Douglas Emmett ( DEI ) went public in 2006 as the largest real estate trust ever at that time, raising $1.6 billion. It buys and manages upscale apartment buildings and big office buildings in Los Angeles County's tiniest neighborhoods. It claims a 36% market share of office space in Honolulu's central business district and a 25% market share in its targeted Southern California neighborhoods.
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12b25e8c-e8a4-41e1-9542-26f11693b306
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725134.0
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2013-10-31 00:00:00 UTC
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Cousins Properties Q3 FFO & Revs Top - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/cousins-properties-q3-ffo-revs-top-analyst-blog-2013-10-31
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nan
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nan
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Cousins Properties Incorporated ( CUZ ) - a real estate investment trust (REIT) - reported third-quarter 2013 funds from operations (FFO) per share of 11 cents, beating the Zacks Consensus Estimate by a penny. However, it came substantially below the year-ago figure of 25 cents due to a significant rise in total costs and expenses in the quarter.
However, total revenue for the quarter jumped 32.6% year over year to $52.1 million. Furthermore, total revenue substantially exceeded the Zacks Consensus Estimate of $42 million.
Behind the Headlines
Total same property revenue increased 4.0% year over year to $26.5 million in third-quarter 2013, while total same property operating expense upped 3.2% year over year to $11.3 million. As a result, total same property net operating income (NOI) escalated 4.5% year over year to $15.2 million.
In the reported quarter, Cousins Properties inked new or renewal leases for 338,000 square feet of space. As of Sep 30, 2013, same property weighted average occupancy upped 200 basis points to 90% from 88% in the prior-year quarter.
Portfolio Restructuring Activity
In the reported quarter, Cousins Properties completed the acquisition of a Texas office portfolio for $1.1 billion. The portfolio - comprising Greenway Plaza (Houston) and 777 Main Street (Fort Worth) - was bought from Crescent Real Estate Holdings LLC.
Moreover, the company divested a retail asset - Tiffany Springs MarketCenter - for $53.5 million. Also, Cousins Properties offloaded its stake in CF Murfreesboro Associates for $82.0 million (before property level debt allocation). In addition, the company disclosed the shedding of its interest in CP Venture Two LLC and CP Venture Five LLC for $57.4 million (before the allocation of property level debt). Notably, the company has disposed the majority of its remaining retail assets in the quarter.
Subsequent to quarter-end, Cousins Properties formed an unconsolidated joint venture named 'EP II LLC' for constructing and operating the 2 nd phase of the mixed-use property - Emory Point - in Atlanta, Ga. for $73.3 million.
Liquidity
At quarter end, Cousins Properties had cash and cash equivalents of $5.4 million, up from $4.9 million as of Jun 30, 2013.
During the quarter, the company completed an equity offering of 69 million common shares at $10.00 per share and reaped net proceeds of $661.3 million.
Also, during the quarter, Cousins Properties disclosed the closure of 2 mortgages. Generating around $303 million in total proceeds, the mortgages, in particular, included The Post Oak Central non-recourse mortgage ($188.8 million with a 7-year term and a fixed rate of 4.26%) and The Promenade non-recourse mortgage ($114 million with a 9-year term and a fixed rate of 4.27%).
Our Viewpoint
Though higher costs and expenses offset the quarterly FFO of Cousins Properties, the increase in revenues and occupancy and leasing gains provided some relief. Notably, Cousins Properties' focus on building its business on a simpler platform, by specifically targeting trophy assets and opportunistic investments, ensures a steady revenue stream. The Texas-portfolio acquisition, which is the largest in the company's history, is noteworthy. These activities promise strong upside potential for this Zacks Rank #3 (Hold) stock, going forward.
REITs that are performing better include DiamondRock Hospitality Co. ( DRH ), DuPont Fabros Technology, Inc. ( DFT ) and Douglas Emmett Inc ( DEI ). All these stocks carry a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, are obtained after adding depreciation, amortization and other non-cash expenses to net income.
COUSIN PROP INC (CUZ): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
DUPONT FABROS (DFT): Free Stock Analysis Report
DIAMONDROCK HOS (DRH): 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.
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REITs that are performing better include DiamondRock Hospitality Co. ( DRH ), DuPont Fabros Technology, Inc. ( DFT ) and Douglas Emmett Inc ( DEI ). COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report DIAMONDROCK HOS (DRH): Free Stock Analysis Report To read this article on Zacks.com click here. Cousins Properties Incorporated ( CUZ ) - a real estate investment trust (REIT) - reported third-quarter 2013 funds from operations (FFO) per share of 11 cents, beating the Zacks Consensus Estimate by a penny.
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COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report DIAMONDROCK HOS (DRH): Free Stock Analysis Report To read this article on Zacks.com click here. REITs that are performing better include DiamondRock Hospitality Co. ( DRH ), DuPont Fabros Technology, Inc. ( DFT ) and Douglas Emmett Inc ( DEI ). Cousins Properties Incorporated ( CUZ ) - a real estate investment trust (REIT) - reported third-quarter 2013 funds from operations (FFO) per share of 11 cents, beating the Zacks Consensus Estimate by a penny.
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COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report DIAMONDROCK HOS (DRH): Free Stock Analysis Report To read this article on Zacks.com click here. REITs that are performing better include DiamondRock Hospitality Co. ( DRH ), DuPont Fabros Technology, Inc. ( DFT ) and Douglas Emmett Inc ( DEI ). Behind the Headlines Total same property revenue increased 4.0% year over year to $26.5 million in third-quarter 2013, while total same property operating expense upped 3.2% year over year to $11.3 million.
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REITs that are performing better include DiamondRock Hospitality Co. ( DRH ), DuPont Fabros Technology, Inc. ( DFT ) and Douglas Emmett Inc ( DEI ). COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report DIAMONDROCK HOS (DRH): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, the company disclosed the shedding of its interest in CP Venture Two LLC and CP Venture Five LLC for $57.4 million (before the allocation of property level debt).
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2b9cdb2a-12d5-4e48-a767-a5bc5e316863
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725135.0
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2013-10-30 00:00:00 UTC
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BXP Q3 FFO & Revs Top - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/bxp-q3-ffo-revs-top-analyst-blog-2013-10-30
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nan
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nan
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Real estate investment trust (REIT) - Boston Properties Inc. ( BXP ) reported third-quarter 2013 FFO (funds from operations) per share of $1.29, which came a penny ahead of the Zacks Consensus Estimate. Also, it exceeded the year-ago quarter figure of $1.15 by 12.2%. The results were aided by higher revenues and improved core operations.
Total revenue during the quarter advanced 23% year over year to $574.1 million and was also substantially higher than the Zacks Consensus Estimate of $478 million. The hike in revenues was primarily attributable to a significant surge in rental revenues.
Rental revenues escalated 24.2% year over year to $558.0 million, driven by higher tenant recoveries revenues and base rents.
Notable Portfolio Activities
During the quarter, Boston Properties completed and put into operation the 100% leased Cambridge Center Connector project (approximately 43,000 net rentable square feet) in Massachusetts.
Also, one of its joint ventures (JV) in which Boston Properties has a 50% stake accomplished the divestiture of its New York City based Eighth Avenue and 46th Street project for $45.0 million.
In addition, Boston Properties offloaded the Washington, D.C.-based 1301 New York Avenue property - a Class A office asset - for a gross sale price of about $135.0 million (after adjusting for outstanding lease and other transaction costs assumed by the purchaser).
Subsequent to the quarter end, early this month, the company closed the divestiture of 45% ownership interest in a New York City-based Class A office property - Times Square Tower - for $684 million. With regards to the sale deal, Boston Properties inked a JV with the purchaser and will offer property management and leasing services to the JV.
Also, in this month, Boston Properties penned a build-to-suit lease deal with NRG Energy, Inc. ( NRG ) for Class A office space, spanning around 130,000 net rentable square feet, in Princeton, N.J. The property is anticipated to be complete and available for tenancy in 2016.
Property Update
As of Sep 30, 2013, Boston Properties' portfolio comprised 177 properties spanning approximately 44.6 million square feet, including 8 properties under development totaling 2.8 million square feet. Its properties include Class A office space, one hotel, three residential and four retail assets. Additionally, the company has structured parking lots of around 15.7 million square feet.
The overall operating portfolio, which comprised 166 properties (excluding the two in-service residential properties and the hotel), was 92.8% leased at the end of the quarter.
Liquidity
Boston Properties exited third-quarter 2013 with cash and cash equivalents of about $1.64 billion compared with $1.04 billion as of Dec 31, 2012.
During the quarter under review, the company's operating partnership amended and restated its unsecured revolving credit facility. The move helped the company increase the total commitment to $1.0 billion from $750.0 million. Also, this pushed the maturity rate to Jul 26, 2018 from Jun 24, 2014 and reduced the interest rates. The total commitment can be further enhanced to $1.5 billion, subject to syndication of the increase.
Outlook
Boston Properties expects fourth-quarter 2013 FFO per share in the range of $1.23-$1.25. Also, the company provided the outlook for full-year 2014 FFO per share and projects it in the range of $5.20 - $5.35.
Our Viewpoint
We are encouraged with Boston Properties' decent quarterly results. The company is benefiting from improved core operations and has been successful in maintaining a strong grip on high barrier-to-entry geographic markets across the U.S. Also, Boston Properties has strong balance sheet position with adequate liquidity to facilitate further portfolio enhancement activities. We expect this to drive growth and prove accretive to its earnings going forward.
Yet, the demand remains moderate for office space with elevated unemployment levels and adequate space availability, thus creating pressure on rent and occupancies.
Boston Properties currently holds a Zacks Rank #4 (Sell). REITs that are performing better and are worth a look include Douglas Emmett Inc ( DEI ) and DuPont Fabros Technology, Inc. ( DFT ). Both stocks carry a Zacks Rank #2 (Buy).
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.
BOSTON PPTYS (BXP): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
DUPONT FABROS (DFT): Free Stock Analysis Report
NRG ENERGY INC (NRG): 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.
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REITs that are performing better and are worth a look include Douglas Emmett Inc ( DEI ) and DuPont Fabros Technology, Inc. ( DFT ). BOSTON PPTYS (BXP): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report NRG ENERGY INC (NRG): Free Stock Analysis Report To read this article on Zacks.com click here. Real estate investment trust (REIT) - Boston Properties Inc. ( BXP ) reported third-quarter 2013 FFO (funds from operations) per share of $1.29, which came a penny ahead of the Zacks Consensus Estimate.
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BOSTON PPTYS (BXP): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report NRG ENERGY INC (NRG): Free Stock Analysis Report To read this article on Zacks.com click here. REITs that are performing better and are worth a look include Douglas Emmett Inc ( DEI ) and DuPont Fabros Technology, Inc. ( DFT ). Also, in this month, Boston Properties penned a build-to-suit lease deal with NRG Energy, Inc. ( NRG ) for Class A office space, spanning around 130,000 net rentable square feet, in Princeton, N.J.
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BOSTON PPTYS (BXP): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report NRG ENERGY INC (NRG): Free Stock Analysis Report To read this article on Zacks.com click here. REITs that are performing better and are worth a look include Douglas Emmett Inc ( DEI ) and DuPont Fabros Technology, Inc. ( DFT ). In addition, Boston Properties offloaded the Washington, D.C.-based 1301 New York Avenue property - a Class A office asset - for a gross sale price of about $135.0 million (after adjusting for outstanding lease and other transaction costs assumed by the purchaser).
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REITs that are performing better and are worth a look include Douglas Emmett Inc ( DEI ) and DuPont Fabros Technology, Inc. ( DFT ). BOSTON PPTYS (BXP): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report NRG ENERGY INC (NRG): Free Stock Analysis Report To read this article on Zacks.com click here. The results were aided by higher revenues and improved core operations.
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ead6f88f-cece-4777-970c-f899de5e14f5
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725136.0
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2013-09-27 00:00:00 UTC
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Winthrop Realty Infuses Capital - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/winthrop-realty-infuses-capital-analyst-blog-2013-09-27
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nan
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nan
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In an effort to infuse capital, Mass.-based real estate investment trust (REIT) - Winthrop Realty Trust ( FUR ) - disclosed the pricing of public offering of 2.75 million common shares of beneficial interest at $11.45 per share. Moreover, underwriters have been granted an option for 30 days to acquire up to an additional 412,500 shares of common stock.
This capital infusion would help Winthrop improve its financial flexibility. The company plans to invest the proceeds in financing its future buyouts. This may include the company's recently disclosed purchase of four newly constructed class A luxury apartment buildings for a total of $246 million.
Moreover, the company may meet its other working capital needs, capex expenses, tenant improvements and leasing commissions with the funds generated through this stock offering.
As a matter of fact, of late, Winthrop is focused on riding on the growth trajectory by capitalizing on opportunistic investments. In august, the company disclosed a number of strategic measures aimed at restructuring its portfolio and improving its fundamentals.
These include buying its joint venture (JV) partner's 50% interest in the mezzanine loan, indirectly secured by an Ill.-based property for $30 million, a deal to buy a property in Oklahoma City, a sale agreement for a San Antonio property and the disposition of a Seabrook asset.
Though the stock offering would lead to share dilution, we believe that the capital infusion effort would provide it with the much needed financial flexibility that would help in carrying out its repositioning initiatives. Such moves, in turn, would help enhance its portfolio quality and drive bottom-line growth.
Winthrop carries a short-term Zacks Rank #3 (Hold). Other well-performing REITs include Sotherly Hotels Inc. ( SOHO ), CubeSmart ( CUBE ) and Douglas Emmett Inc. ( DEI ). While Sotherly carries a Zacks Rank #1 (Strong Buy), CubeSmart and Douglas Emmett have a Zacks Rank #2 (Buy).
CUBESMART (CUBE): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
WINTHROP REALTY (FUR): Free Stock Analysis Report
SOTHERLY HOTELS (SOHO): Get Free 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.
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Other well-performing REITs include Sotherly Hotels Inc. ( SOHO ), CubeSmart ( CUBE ) and Douglas Emmett Inc. ( DEI ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report SOTHERLY HOTELS (SOHO): Get Free Report To read this article on Zacks.com click here. This may include the company's recently disclosed purchase of four newly constructed class A luxury apartment buildings for a total of $246 million.
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Other well-performing REITs include Sotherly Hotels Inc. ( SOHO ), CubeSmart ( CUBE ) and Douglas Emmett Inc. ( DEI ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report SOTHERLY HOTELS (SOHO): Get Free Report To read this article on Zacks.com click here. In an effort to infuse capital, Mass.-based real estate investment trust (REIT) - Winthrop Realty Trust ( FUR ) - disclosed the pricing of public offering of 2.75 million common shares of beneficial interest at $11.45 per share.
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report SOTHERLY HOTELS (SOHO): Get Free Report To read this article on Zacks.com click here. Other well-performing REITs include Sotherly Hotels Inc. ( SOHO ), CubeSmart ( CUBE ) and Douglas Emmett Inc. ( DEI ). In an effort to infuse capital, Mass.-based real estate investment trust (REIT) - Winthrop Realty Trust ( FUR ) - disclosed the pricing of public offering of 2.75 million common shares of beneficial interest at $11.45 per share.
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Other well-performing REITs include Sotherly Hotels Inc. ( SOHO ), CubeSmart ( CUBE ) and Douglas Emmett Inc. ( DEI ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report SOTHERLY HOTELS (SOHO): Get Free Report To read this article on Zacks.com click here. In an effort to infuse capital, Mass.-based real estate investment trust (REIT) - Winthrop Realty Trust ( FUR ) - disclosed the pricing of public offering of 2.75 million common shares of beneficial interest at $11.45 per share.
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1034dcd7-a6b1-4638-b011-344c5371d466
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725137.0
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2013-09-26 00:00:00 UTC
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Liberty Property Pinned at Neutral - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/liberty-property-pinned-at-neutral-analyst-blog-2013-09-26
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nan
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nan
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On Sep 24, 2013, we reinstated our long-term recommendation on Liberty Property Trust ( LRY ) at Neutral. The move depicts the company's decent second-quarter results, strategic efforts to improve its core operations and a conservative balance sheet management. Yet, stiff competition, rising interest rates and a volatile office sector remain our plausible concerns.
Why Neutral?
Driven by improving market fundamentals, strong leasing and development activities, Liberty Property's second-quarter 2013 FFO (funds from operations) per share of 66 cents surpassed the year-ago figure by 4.8%. However, it came in line with the Zacks Consensus Estimate as the positive impact was marred by a rise in operating expenses.
Nevertheless, we expect Liberty Property to benefit from its focus on metro-office, multi-tenant industrial and flex properties and markets that have strong demographic and economic fundamentals. Furthermore, with its solid portfolio repositioning program, the company is efficiently meeting the rising demand for premium quality industrial space.
In addition, this Pa.-based real estate investment trust (REIT) aims to strengthen its balance sheet and liquidity position, which helps it fund investments. In relation to this, the recent senior notes offering and equity shares offering to finance the acquisition of the operating partnership of Cabot Industrial Value Fund III is noteworthy.
Yet, continued volatility in the office sector with job cuts and stiff competition from private and public companies remain our concerns. Also, Liberty Property's large development pipeline and continuous acquisition spree involves significant upfront operating expenses with limited near-term profitability. Moreover, the rise in interest rates and the capital market volatility adversely affect the company's funding expenses.
Over the last 30 days, the Zacks Consensus Estimate for 2013 FFO per share declined 1.9% to $2.59. Also, for 2014 it moved down 0.4% to $2.72 per share. The stock currently has a Zacks Rank #3 (Hold).
Other Stocks to Consider
Better performing REITs that are worth a look include Sovran Self Storage Inc. ( SSS ), SL Green Realty Corp. ( SLG ) and Douglas Emmett Inc ( DEI ). All the stocks carry a Zacks Rank #2 (Buy).
Note: FFO, a widely accepted and reported measure of the performance of REITs is derived by adding depreciation, amortization and other non-cash expenses to net income.
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
LIBERTY PPTY TR (LRY): Free Stock Analysis Report
SL GREEN REALTY (SLG): Free Stock Analysis Report
SOVRAN SLF STOR (SSS): 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.
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Other Stocks to Consider Better performing REITs that are worth a look include Sovran Self Storage Inc. ( SSS ), SL Green Realty Corp. ( SLG ) and Douglas Emmett Inc ( DEI ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report LIBERTY PPTY TR (LRY): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report SOVRAN SLF STOR (SSS): Free Stock Analysis Report To read this article on Zacks.com click here. Driven by improving market fundamentals, strong leasing and development activities, Liberty Property's second-quarter 2013 FFO (funds from operations) per share of 66 cents surpassed the year-ago figure by 4.8%.
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DOUGLAS EMMETT (DEI): Free Stock Analysis Report LIBERTY PPTY TR (LRY): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report SOVRAN SLF STOR (SSS): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Better performing REITs that are worth a look include Sovran Self Storage Inc. ( SSS ), SL Green Realty Corp. ( SLG ) and Douglas Emmett Inc ( DEI ). Yet, stiff competition, rising interest rates and a volatile office sector remain our plausible concerns.
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DOUGLAS EMMETT (DEI): Free Stock Analysis Report LIBERTY PPTY TR (LRY): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report SOVRAN SLF STOR (SSS): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Better performing REITs that are worth a look include Sovran Self Storage Inc. ( SSS ), SL Green Realty Corp. ( SLG ) and Douglas Emmett Inc ( DEI ). Driven by improving market fundamentals, strong leasing and development activities, Liberty Property's second-quarter 2013 FFO (funds from operations) per share of 66 cents surpassed the year-ago figure by 4.8%.
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DOUGLAS EMMETT (DEI): Free Stock Analysis Report LIBERTY PPTY TR (LRY): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report SOVRAN SLF STOR (SSS): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Better performing REITs that are worth a look include Sovran Self Storage Inc. ( SSS ), SL Green Realty Corp. ( SLG ) and Douglas Emmett Inc ( DEI ). Driven by improving market fundamentals, strong leasing and development activities, Liberty Property's second-quarter 2013 FFO (funds from operations) per share of 66 cents surpassed the year-ago figure by 4.8%.
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f90ebbe9-edf3-4fc4-8856-5ccf8821eb92
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725138.0
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2013-09-25 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for September 26, 2013
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-september-26-2013-2013-09-25
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on September 26, 2013. A cash dividend payment of $0.18 per share is scheduled to be paid on October 15, 2013. Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that DEI has paid the same dividend. At the current stock price of $23.43, the dividend yield is 3.07%.
The previous trading day's last sale of DEI was $23.43, representing a -18.05% decrease from the 52 week high of $28.59 and a 8.72% increase over the 52 week low of $21.55.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). DEI's current earnings per share, an indicator of a company's profitability, is $.24. Zacks Investment Research reports DEI's forecasted earnings growth in 2013 as 8.82%, compared to an industry average of 8.6%.
For more information on the declaration, record and payment dates, visit the DEI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DEI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DEI as a top-10 holding:
iShares Industrial/Office Real Estate Capped ETF ( FNIO ).
The top-performing ETF of this group is FNIO with an decrease of -7.65% over the last 100 days. It also has the highest percent weighting of DEI at 3.78%.
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.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports DEI's forecasted earnings growth in 2013 as 8.82%, compared to an industry average of 8.6%.
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DEI's current earnings per share, an indicator of a company's profitability, is $.24. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on September 26, 2013.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the DEI Dividend History page. The following ETF(s) have DEI as a top-10 holding: iShares Industrial/Office Real Estate Capped ETF ( FNIO ).
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI's current earnings per share, an indicator of a company's profitability, is $.24. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on September 26, 2013.
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bb6b6035-45c4-47d9-96ed-33764e886309
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725139.0
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2013-09-18 00:00:00 UTC
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DuPont Fabros Boosts Liquidity - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/dupont-fabros-boosts-liquidity-analyst-blog-2013-09-18
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nan
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nan
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DuPont Fabros Technology, Inc. ( DFT ) - a real estate investment trust (REIT) - recently closed a new senior unsecured term loan worth $195 million. The move depicts the company's efforts to strengthen its liquidity.
The new unsecured term loan, which bears an interest rate at LIBOR plus 1.75%, will mature on Feb 15, 2019 with no extension options. Notably, this credit revolver is guaranteed by DuPont Fabros and its subsidiaries.
The new unsecured note has an accordion feature that will facilitate expansion of the principal amount to a maximum of up to $250 million. This is however subject to certain conditions, including the agreement of existing or new lenders to offer additional commitments. Moreover, the new unsecured term loan has a delayed draw feature, by which DuPont Fabros has immediately withdrawn $120 million. The company can withdraw the remaining amount within 120 days of the closing date.
For DuPont Fabros, the unsecured term loan attainment will boost its liquidity. The company's cash position stood at $14 million as of Jun 30, 2013. The latest move will bolster DuPont's finances as the funds can be used to invest in accretive acquisitions and developments as well as for other corporate needs.
Washington, D.C.-based DuPont Fabros is a leading owner, developer, operator and manager of wholesale data centers. The company currently has 10 data centers spanning a total gross area of 2.5 million square feet across 4 major markets in the U.S.
DuPont Fabros currently carries a Zacks Rank #3 (Hold). Better-performing REITs include Sovran Self Storage Inc. ( SSS ), Douglas Emmett Inc ( DEI ) and CubeSmart ( CUBE ). While Sovran Self Storage carries a Zacks Rank #1 (Strong Buy), Douglas Emmett and CubeSmart both have a Zacks Rank #2 (Buy).
CUBESMART (CUBE): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
DUPONT FABROS (DFT): Free Stock Analysis Report
SOVRAN SLF STOR (SSS): 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.
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Better-performing REITs include Sovran Self Storage Inc. ( SSS ), Douglas Emmett Inc ( DEI ) and CubeSmart ( CUBE ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report SOVRAN SLF STOR (SSS): Free Stock Analysis Report To read this article on Zacks.com click here. DuPont Fabros Technology, Inc. ( DFT ) - a real estate investment trust (REIT) - recently closed a new senior unsecured term loan worth $195 million.
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Better-performing REITs include Sovran Self Storage Inc. ( SSS ), Douglas Emmett Inc ( DEI ) and CubeSmart ( CUBE ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report SOVRAN SLF STOR (SSS): Free Stock Analysis Report To read this article on Zacks.com click here. While Sovran Self Storage carries a Zacks Rank #1 (Strong Buy), Douglas Emmett and CubeSmart both have a Zacks Rank #2 (Buy).
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report SOVRAN SLF STOR (SSS): Free Stock Analysis Report To read this article on Zacks.com click here. Better-performing REITs include Sovran Self Storage Inc. ( SSS ), Douglas Emmett Inc ( DEI ) and CubeSmart ( CUBE ). DuPont Fabros Technology, Inc. ( DFT ) - a real estate investment trust (REIT) - recently closed a new senior unsecured term loan worth $195 million.
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Better-performing REITs include Sovran Self Storage Inc. ( SSS ), Douglas Emmett Inc ( DEI ) and CubeSmart ( CUBE ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report SOVRAN SLF STOR (SSS): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the new unsecured term loan has a delayed draw feature, by which DuPont Fabros has immediately withdrawn $120 million.
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846ddc10-9a9b-41d0-b38a-c83409f13052
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725140.0
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2013-09-11 00:00:00 UTC
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Neutral Stance on Crown Castle - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/neutral-stance-on-crown-castle-analyst-blog-2013-09-11
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nan
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nan
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On Sep 10, we maintained our Neutral recommendation on Crown Castle International Inc. ( CCI ), as both its top and bottom lines topped the Zacks Consensus Estimate in the recently concluded quarter.
Why Maintained at Neutral?
Higher usage of smartphones and tablets and increased deployment of 4G LTE networks have propelled demand for tower requirement by large carriers. Moreover, the acquisition of NextG Networks Inc. (which comprise 7,000 Distributed Antenna Systems) and the purchase of 7,200 wireless towers from T-Mobile USA have made it the largest wireless tower operator in the U.S.
As transporting equipment from one tower to another is cumbersome, carriers normally renew contracts upon expiration. This implies that a high percentage of Crown Castle's revenue is recurring.
Recently, the company decided to convert its tower business into a Real Estate Investment Trust (REIT). An REIT status will benefit the company in terms of tax savings and enhancing long-term shareholders wealth. Moreover, it will also minimize the weighted average cost of capital (WACC). Following the conversion, Crown Castle will distribute 90% of its earnings through dividends every year, reducing tax.
However, a highly leveraged balance sheet and the ongoing merger deals between large telecom carriers may act as headwinds for the company going forward. Moreover, Crown Castle is currently trading at a 52-week high.
Crown Castle carries a Zacks Rank #3 (Hold).
Other Stocks Outlook in Related Industries
Other stocks in this sector like American Tower Corporation ( AMT ), ADTRAN Inc. ( ADTN ) and Douglas Emmett Inc. ( DEI ) are set to gain from the robust growth of LTE deployment in the upcoming days.
Currently, Douglas Emmett has a Zacks Rank #2 (Buy) while both American Tower Corporation and ADTRAN have a Zacks Rank #3 (Hold).
ADTRAN INC (ADTN): Free Stock Analysis Report
AMER TOWER CORP (AMT): Free Stock Analysis Report
CROWN CASTLE (CCI): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): 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.
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Other Stocks Outlook in Related Industries Other stocks in this sector like American Tower Corporation ( AMT ), ADTRAN Inc. ( ADTN ) and Douglas Emmett Inc. ( DEI ) are set to gain from the robust growth of LTE deployment in the upcoming days. ADTRAN INC (ADTN): Free Stock Analysis Report AMER TOWER CORP (AMT): Free Stock Analysis Report CROWN CASTLE (CCI): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here. Higher usage of smartphones and tablets and increased deployment of 4G LTE networks have propelled demand for tower requirement by large carriers.
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Other Stocks Outlook in Related Industries Other stocks in this sector like American Tower Corporation ( AMT ), ADTRAN Inc. ( ADTN ) and Douglas Emmett Inc. ( DEI ) are set to gain from the robust growth of LTE deployment in the upcoming days. ADTRAN INC (ADTN): Free Stock Analysis Report AMER TOWER CORP (AMT): Free Stock Analysis Report CROWN CASTLE (CCI): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, Douglas Emmett has a Zacks Rank #2 (Buy) while both American Tower Corporation and ADTRAN have a Zacks Rank #3 (Hold).
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ADTRAN INC (ADTN): Free Stock Analysis Report AMER TOWER CORP (AMT): Free Stock Analysis Report CROWN CASTLE (CCI): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks Outlook in Related Industries Other stocks in this sector like American Tower Corporation ( AMT ), ADTRAN Inc. ( ADTN ) and Douglas Emmett Inc. ( DEI ) are set to gain from the robust growth of LTE deployment in the upcoming days. On Sep 10, we maintained our Neutral recommendation on Crown Castle International Inc. ( CCI ), as both its top and bottom lines topped the Zacks Consensus Estimate in the recently concluded quarter.
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Other Stocks Outlook in Related Industries Other stocks in this sector like American Tower Corporation ( AMT ), ADTRAN Inc. ( ADTN ) and Douglas Emmett Inc. ( DEI ) are set to gain from the robust growth of LTE deployment in the upcoming days. ADTRAN INC (ADTN): Free Stock Analysis Report AMER TOWER CORP (AMT): Free Stock Analysis Report CROWN CASTLE (CCI): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report To read this article on Zacks.com click here. On Sep 10, we maintained our Neutral recommendation on Crown Castle International Inc. ( CCI ), as both its top and bottom lines topped the Zacks Consensus Estimate in the recently concluded quarter.
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061db483-a7ac-4bf4-a694-91e010044933
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725141.0
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2013-09-11 00:00:00 UTC
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Aimco Opens Pacific Bay Vistas - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/aimco-opens-pacific-bay-vistas-analyst-blog-2013-09-11
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nan
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nan
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Apartment Investment & Management Co. ( AIV ), commonly known as Aimco, opened the San Bruno, Calif.-based luxury apartment homes - Pacific Bay Vistas - after extensive redevelopment. The move is in line with Aimco's ongoing portfolio enhancement activity.
Pacific Bay Vistas is located at 2 Pacific Bay Drive in the center of San Bruno. The property is strategically located in an area that offers a view of the Pacific Ocean to the west and the San Francisco Bay to the east. Also, it enjoys proximity to the famous adventure park and beach of the area. As per the redevelopment plan, all 14 residential buildings of Pacific Bay Vistas were refurbished. All the 308 apartments of the asset are well furnished with both basic and modern amenities.
With the strategic location and improving San Bruno housing market trends, Pacific Bay Vistas provides huge upside potential for Aimco, going forward. Moreover, rise in apartment demand generated by 'echo boomers' - children of the baby boomer generation - especially in Sunbelt regions is expected to offer Aimco ample growth opportunity for its B/B+ assets.
Notably, Aimco has been focusing on expanding its footprint through acquisitions and redevelopments across target markets in the U.S. that are concentrated mostly in coastal areas including the Sunbelt cities. Consequently, the company acquired a Midtown Atlanta-based five-story property for $9.5 million in the current quarter. Moreover, Aimco has several other apartment homes in its redevelopment pipeline including Elm Creek in Illinois as well as Lincoln Place and The Preserve at Marin, both in California.
Aimco currently carries a Zacks Rank #3 (Hold). Better-performing REITs that are worth a look include Campus Crest Communities, Inc. ( CCG ), Sun Communities Inc. ( SUI ) and Douglas Emmett Inc. ( DEI ). All of these stocks carry a Zacks Rank #2 (Buy).
APARTMENT INVT (AIV): Free Stock Analysis Report
CAMPUS CREST CM (CCG): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
SUN CMNTYS INC (SUI): 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.
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Better-performing REITs that are worth a look include Campus Crest Communities, Inc. ( CCG ), Sun Communities Inc. ( SUI ) and Douglas Emmett Inc. ( DEI ). APARTMENT INVT (AIV): Free Stock Analysis Report CAMPUS CREST CM (CCG): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report SUN CMNTYS INC (SUI): Free Stock Analysis Report To read this article on Zacks.com click here. With the strategic location and improving San Bruno housing market trends, Pacific Bay Vistas provides huge upside potential for Aimco, going forward.
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Better-performing REITs that are worth a look include Campus Crest Communities, Inc. ( CCG ), Sun Communities Inc. ( SUI ) and Douglas Emmett Inc. ( DEI ). APARTMENT INVT (AIV): Free Stock Analysis Report CAMPUS CREST CM (CCG): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report SUN CMNTYS INC (SUI): Free Stock Analysis Report To read this article on Zacks.com click here. Apartment Investment & Management Co. ( AIV ), commonly known as Aimco, opened the San Bruno, Calif.-based luxury apartment homes - Pacific Bay Vistas - after extensive redevelopment.
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APARTMENT INVT (AIV): Free Stock Analysis Report CAMPUS CREST CM (CCG): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report SUN CMNTYS INC (SUI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-performing REITs that are worth a look include Campus Crest Communities, Inc. ( CCG ), Sun Communities Inc. ( SUI ) and Douglas Emmett Inc. ( DEI ). Apartment Investment & Management Co. ( AIV ), commonly known as Aimco, opened the San Bruno, Calif.-based luxury apartment homes - Pacific Bay Vistas - after extensive redevelopment.
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Better-performing REITs that are worth a look include Campus Crest Communities, Inc. ( CCG ), Sun Communities Inc. ( SUI ) and Douglas Emmett Inc. ( DEI ). APARTMENT INVT (AIV): Free Stock Analysis Report CAMPUS CREST CM (CCG): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report SUN CMNTYS INC (SUI): Free Stock Analysis Report To read this article on Zacks.com click here. Apartment Investment & Management Co. ( AIV ), commonly known as Aimco, opened the San Bruno, Calif.-based luxury apartment homes - Pacific Bay Vistas - after extensive redevelopment.
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f77a5bed-0a95-4654-beb8-acf0987f3f45
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725142.0
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2013-09-10 00:00:00 UTC
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CUZ Closes $1.1B Texas Portfolio Buyout - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/cuz-closes-%241.1b-texas-portfolio-buyout-analyst-blog-2013-09-10
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nan
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nan
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In consistence with the strategy of strengthening its presence in Texas, Cousins Properties Incorporated ( CUZ ) completed the acquisition of Texas office portfolio for $1.1 billion. The portfolio - comprising Greenway Plaza (Houston) and 777 Main Street (Fort Worth) - was bought from Crescent Real Estate Holdings LLC.
Greenway Plaza (Houston) is a 10-building office complex that spans about 4.4 million square feet. The 92% occupied asset is located on a 52-acre master-planned, mixed-use development near the southwest of downtown Houston. Occidental Petroleum Corp. ( OXY ) is the largest tenant in this office complex.
The other property, 777 Main Street (Fort Worth) is a 40-story, Class-A office tower that spans approximately 980,000 square feet. It is situated in Fort Worth's CBD, near Sundance Square, and has a projected year-end occupancy of 72%.
Both the aforementioned assets are premium office buildings having promising future development and operating income growth potential. Such high-quality portfolio acquisition fits with Cousins Properties' strategy of building its business on a simpler platform, with strong focus on trophy assets and opportunistic investments. We expect the latest purchase to boost the company's portfolio mix and ensure a steady revenue stream.
In a separate development, Cousins Properties disclosed the closure of 2 mortgages. Generating around $303 million in total proceeds, the mortgages, in particular, included The Post Oak Central non-recourse mortgage ($189 million with a 7-year term and a fixed rate of 4.26%) and The Promenade non-recourse mortgage ($114 million with a 9-year term and a fixed rate of 4.27%). The company plans to finance a part of the above-mentioned Texas office portfolio buyout with these proceeds.
Cousins Properties currently carries a Zacks Rank #3 (Hold). Better-performing REITs include Douglas Emmett Inc ( DEI ) and Highwoods Properties, Inc. ( HIW ). Both these stocks carry a Zacks Rank #2 (Buy).
COUSIN PROP INC (CUZ): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
HIGHWOODS PPTYS (HIW): Free Stock Analysis Report
OCCIDENTAL PET (OXY): 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.
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Better-performing REITs include Douglas Emmett Inc ( DEI ) and Highwoods Properties, Inc. ( HIW ). COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report OCCIDENTAL PET (OXY): Free Stock Analysis Report To read this article on Zacks.com click here. The portfolio - comprising Greenway Plaza (Houston) and 777 Main Street (Fort Worth) - was bought from Crescent Real Estate Holdings LLC.
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COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report OCCIDENTAL PET (OXY): Free Stock Analysis Report To read this article on Zacks.com click here. Better-performing REITs include Douglas Emmett Inc ( DEI ) and Highwoods Properties, Inc. ( HIW ). The portfolio - comprising Greenway Plaza (Houston) and 777 Main Street (Fort Worth) - was bought from Crescent Real Estate Holdings LLC.
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COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report OCCIDENTAL PET (OXY): Free Stock Analysis Report To read this article on Zacks.com click here. Better-performing REITs include Douglas Emmett Inc ( DEI ) and Highwoods Properties, Inc. ( HIW ). In consistence with the strategy of strengthening its presence in Texas, Cousins Properties Incorporated ( CUZ ) completed the acquisition of Texas office portfolio for $1.1 billion.
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Better-performing REITs include Douglas Emmett Inc ( DEI ) and Highwoods Properties, Inc. ( HIW ). COUSIN PROP INC (CUZ): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report OCCIDENTAL PET (OXY): Free Stock Analysis Report To read this article on Zacks.com click here. The portfolio - comprising Greenway Plaza (Houston) and 777 Main Street (Fort Worth) - was bought from Crescent Real Estate Holdings LLC.
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077df545-d6c5-4186-91c0-9e1c4e39a67e
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725143.0
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2013-09-09 00:00:00 UTC
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Neutral Stance on Aimco - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/neutral-stance-aimco-analyst-blog-2013-09-09
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nan
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nan
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On Sep 6, 2013, we reiterated our long-term Neutral recommendation on Apartment Investment & Management Co. ( AIV ), commonly known as Aimco. The decision was based on the company's diversified portfolio, portfolio enhancement activity and rising apartment industry fundamentals. However, rising interest rates, capital market volatility and stiff competition from other housing alternatives remain matters of concern.
Why Neutral?
Driven by improved property operating results and lower preferred share dividends, Aimco reported second-quarter 2013 pro forma funds from operations (FFO) of 49 cents per share, beating the Zacks Consensus Estimate by a penny and the year-ago quarter figure by 3 cents. Moreover, going forward, we believe that the rise in apartment demand generated by 'echo boomers' - children of the baby boomer generation - will offer Aimco ample growth opportunities.
Aimco is also focused on spinning off its Affordable portfolio and reinvesting the proceeds to boost its Conventional portfolio. Consequently, the company, through this disciplined capital recycling, has upped its year-end Conventional portfolio average revenue per apartment home at a compound annual growth rate (from 2007-2012) of 6.1%.
However, rising interest rates and the capital market volatility will likely limit Aimco's ability to refinance existing debt and undertake portfolio-restructuring initiatives, thereby denting the company's growth prospects.
Moreover, the steady recovery of the housing market and increase in supply in the Sunbelt regions are anticipated to partly impede the overall rent growth in Aimco's operating regions. Despite attempts to reposition its portfolio in higher growth markets, much of Aimco's portfolio still remains in areas where housing is relatively cheap. Its significant exposure to the weak Florida market can also affect its top-line growth in the near term.
Over the last 30 days, the Zacks Consensus Estimate for both 2013 and 2014 FFO per share remained stable at $2.04 and $2.19 per share, respectively. Thus, this apartment real estate investment trust (REIT) now carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Better-performing REITs that are worth a look include Campus Crest Communities, Inc. ( CCG ), Sun Communities Inc. ( SUI ) and Douglas Emmett Inc. ( DEI ). All of these carry a Zacks Rank #2 (Buy).
Note: FFO, a widely accepted and reported measure of the performance of REITs is derived by adding depreciation, amortization and other non-cash expenses to net income.
APARTMENT INVT (AIV): Free Stock Analysis Report
CAMPUS CREST CM (CCG): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
SUN CMNTYS INC (SUI): 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.
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Other Stocks to Consider Better-performing REITs that are worth a look include Campus Crest Communities, Inc. ( CCG ), Sun Communities Inc. ( SUI ) and Douglas Emmett Inc. ( DEI ). APARTMENT INVT (AIV): Free Stock Analysis Report CAMPUS CREST CM (CCG): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report SUN CMNTYS INC (SUI): Free Stock Analysis Report To read this article on Zacks.com click here. Consequently, the company, through this disciplined capital recycling, has upped its year-end Conventional portfolio average revenue per apartment home at a compound annual growth rate (from 2007-2012) of 6.1%.
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Other Stocks to Consider Better-performing REITs that are worth a look include Campus Crest Communities, Inc. ( CCG ), Sun Communities Inc. ( SUI ) and Douglas Emmett Inc. ( DEI ). APARTMENT INVT (AIV): Free Stock Analysis Report CAMPUS CREST CM (CCG): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report SUN CMNTYS INC (SUI): Free Stock Analysis Report To read this article on Zacks.com click here. However, rising interest rates, capital market volatility and stiff competition from other housing alternatives remain matters of concern.
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APARTMENT INVT (AIV): Free Stock Analysis Report CAMPUS CREST CM (CCG): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report SUN CMNTYS INC (SUI): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Better-performing REITs that are worth a look include Campus Crest Communities, Inc. ( CCG ), Sun Communities Inc. ( SUI ) and Douglas Emmett Inc. ( DEI ). Driven by improved property operating results and lower preferred share dividends, Aimco reported second-quarter 2013 pro forma funds from operations (FFO) of 49 cents per share, beating the Zacks Consensus Estimate by a penny and the year-ago quarter figure by 3 cents.
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Other Stocks to Consider Better-performing REITs that are worth a look include Campus Crest Communities, Inc. ( CCG ), Sun Communities Inc. ( SUI ) and Douglas Emmett Inc. ( DEI ). APARTMENT INVT (AIV): Free Stock Analysis Report CAMPUS CREST CM (CCG): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report SUN CMNTYS INC (SUI): Free Stock Analysis Report To read this article on Zacks.com click here. On Sep 6, 2013, we reiterated our long-term Neutral recommendation on Apartment Investment & Management Co. ( AIV ), commonly known as Aimco.
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0afa7af3-049a-4fee-aec1-7ed3c5dd62e3
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725144.0
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2013-09-04 00:00:00 UTC
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STAG Updates August Transactions - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/stag-updates-august-transactions-analyst-blog-2013-09-04
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nan
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nan
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STAG Industrial, Inc. ( STAG ), a real estate invest trust (REIT), recently announced its leasing and acquisition activity for the month of August. We believe the deals are aimed at securing steady revenue growth opportunities and improving the company's portfolio quality.
Leasing
STAG Industrial inked one lease renewal deal for around 251,000 square feet of space at a Salem, Ohio-based building. The renewed lease comprises 10-year lease extension and building expansion agreements.
With this transaction, year to date, STAG Industrial has penned 7 renewal leases and 11 new and expansion leases for a total of 2.2 million square feet of space.
Acquisitions
STAG Industrial bought 2 warehouse and distribution facilities (totalling 1.2 million square feet) for roughly $53.7 million. These 100% leased properties are located near Milwaukee, WI and Baltimore, MD.
Consequently, year to date, STAG Industrial has acquired 27 industrial facilities (about 5.5 million square feet) for approximately $234 million .
Our Take
We remain encouraged with STAG Industrial's leasing and acquisition activities and expect these to enhance the quality of the company's portfolio and prove accretive to its earnings, going forward. Concurrently, the company is also focusing on portfolio diversification by maintaining a mix of markets and tenants, which limits its exposure to any single tenant or geographic location. This provides higher return and offers protection against volatility, which augurs well for STAG Industrial.
STAG Industrial currently holds a Zacks Rank #3 (Hold). Better performing REITs include Douglas Emmett Inc ( DEI ), Highwoods Properties Inc. ( HIW ) and SL Green Realty Corp. ( SLG ). All these stocks carry a Zacks Rank #2 (Buy).
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
HIGHWOODS PPTYS (HIW): Free Stock Analysis Report
SL GREEN REALTY (SLG): Free Stock Analysis Report
STAG INDUSTRIAL (STAG): 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.
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Better performing REITs include Douglas Emmett Inc ( DEI ), Highwoods Properties Inc. ( HIW ) and SL Green Realty Corp. ( SLG ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report STAG INDUSTRIAL (STAG): Free Stock Analysis Report To read this article on Zacks.com click here. We believe the deals are aimed at securing steady revenue growth opportunities and improving the company's portfolio quality.
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Better performing REITs include Douglas Emmett Inc ( DEI ), Highwoods Properties Inc. ( HIW ) and SL Green Realty Corp. ( SLG ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report STAG INDUSTRIAL (STAG): Free Stock Analysis Report To read this article on Zacks.com click here. With this transaction, year to date, STAG Industrial has penned 7 renewal leases and 11 new and expansion leases for a total of 2.2 million square feet of space.
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DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report STAG INDUSTRIAL (STAG): Free Stock Analysis Report To read this article on Zacks.com click here. Better performing REITs include Douglas Emmett Inc ( DEI ), Highwoods Properties Inc. ( HIW ) and SL Green Realty Corp. ( SLG ). Leasing STAG Industrial inked one lease renewal deal for around 251,000 square feet of space at a Salem, Ohio-based building.
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Better performing REITs include Douglas Emmett Inc ( DEI ), Highwoods Properties Inc. ( HIW ) and SL Green Realty Corp. ( SLG ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report STAG INDUSTRIAL (STAG): Free Stock Analysis Report To read this article on Zacks.com click here. Leasing STAG Industrial inked one lease renewal deal for around 251,000 square feet of space at a Salem, Ohio-based building.
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bd5e0393-307e-431a-b70b-4f4508f50fc4
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725145.0
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2013-09-03 00:00:00 UTC
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EXR Buys Assets, Reshuffles Team - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/exr-buys-assets-reshuffles-team-analyst-blog-2013-09-03
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nan
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nan
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Extra Space Storage Inc. ( EXR ) recently concluded the acquisition of 19 All Aboard Mini Storage properties located in California for around $195.1 million. Another All Aboard property is expected to be acquired by the end of this year for around $11.0 million. Simultaneously, the company disclosed restructuring moves for its top executives.
In aggregate, these 20 properties comprise 14,800 self storage units with 1.5 million square feet of net rentable space. The move will enable this self-storage real estate investment trust to increase its share in the growing California self storage market.
In context of the reshuffle, Extra Space disclosed that its Executive Vice President and Chief Operating Officer, Karl Haas, will retire effective Dec 31, 2013. However, the board of directors plan to appoint him to the board.
On the other hand, the company plans to promote Samrat Sondhi, a key member in the company's senior management team for 8 years, as Senior Vice President Operations, following Haas' retirement. He previously served as Vice President Revenue Management for Storage USA and a consultant with Deloitte Consulting. In addition, Hugh W. Horne will resign from the company's board, effective Dec 31, 2013.
Increasing customer demand, growing rental rates and comparatively lower supply are positively contributing to the underlying fundamentals of the self-storage sector and Extra Space stands to benefit from this. The recent acquisition is a strategic fit and with executive changes, the company continues to capitalize on market consolidation opportunities. This would help the company ride on the growth trajectory going forward.
Extra Space currently carries a Zacks Rank #3 (Hold). Some other stocks worth considering in the same industry include Sovran Self Storage Inc. ( SSS ) that carries a Zacks Rank #1 (Strong Buy) as well as CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ), both carrying a Zacks Rank #2 (Buy).
CUBESMART (CUBE): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
EXTRA SPACE STG (EXR): Free Stock Analysis Report
SOVRAN SLF STOR (SSS): 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.
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Some other stocks worth considering in the same industry include Sovran Self Storage Inc. ( SSS ) that carries a Zacks Rank #1 (Strong Buy) as well as CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ), both carrying a Zacks Rank #2 (Buy). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report SOVRAN SLF STOR (SSS): Free Stock Analysis Report To read this article on Zacks.com click here. The move will enable this self-storage real estate investment trust to increase its share in the growing California self storage market.
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Some other stocks worth considering in the same industry include Sovran Self Storage Inc. ( SSS ) that carries a Zacks Rank #1 (Strong Buy) as well as CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ), both carrying a Zacks Rank #2 (Buy). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report SOVRAN SLF STOR (SSS): Free Stock Analysis Report To read this article on Zacks.com click here. On the other hand, the company plans to promote Samrat Sondhi, a key member in the company's senior management team for 8 years, as Senior Vice President Operations, following Haas' retirement.
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report SOVRAN SLF STOR (SSS): Free Stock Analysis Report To read this article on Zacks.com click here. Some other stocks worth considering in the same industry include Sovran Self Storage Inc. ( SSS ) that carries a Zacks Rank #1 (Strong Buy) as well as CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ), both carrying a Zacks Rank #2 (Buy). Extra Space Storage Inc. ( EXR ) recently concluded the acquisition of 19 All Aboard Mini Storage properties located in California for around $195.1 million.
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Some other stocks worth considering in the same industry include Sovran Self Storage Inc. ( SSS ) that carries a Zacks Rank #1 (Strong Buy) as well as CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ), both carrying a Zacks Rank #2 (Buy). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report SOVRAN SLF STOR (SSS): Free Stock Analysis Report To read this article on Zacks.com click here. Extra Space Storage Inc. ( EXR ) recently concluded the acquisition of 19 All Aboard Mini Storage properties located in California for around $195.1 million.
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c889d2fa-0ff4-4813-bfc2-48193a2a9769
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725146.0
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2013-08-30 00:00:00 UTC
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Franklin Buys Denver Property - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/franklin-buys-denver-property-analyst-blog-2013-08-30
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nan
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nan
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Real estate investment trust (REIT), Franklin Street Properties Corp. ( FSP ) disclosed the acquisition of an office property in Denver, Colo. for $217 million. The move reflects the company's efforts to capitalize on the improving economy of the region.
Possessing 655,565 rentable square feet of space, this property is a 20-story, multi-tenant office building and retail plaza located at 1001 17th Street. It is currently 74% occupied, though leased 89% as around 100,000 rentable square feet of new leases are slated to begin in the last two months of 2013.
Denver has a diversified economy, which is fast expanding. It is experiencing business expansion by corporate and as such job is growing. To cater to this rising economy, the demand for real estates is well advancing, and with limited inventory, we believe that the real estate market will have higher occupancy rates and increased rentals in the upcoming years.
We believe that strategic acquisitions would help Franklin ride on the growth trajectory. In recent times, the company has acquired properties in its key markets. These include the purchase of an office property spanning 680,277 rentable square foot for $183 million in the central business district of Denver, Colo., as well as another office property having 621,007 rentable square foot of space worth $157.9 million in the mid-town submarket of Atlanta, Ga.
Notably, the 1001 17th Street property acquisition brings the total count of directly-owned properties of Franklin to 40. These properties constitute around 9,813,708 rentable square feet of space.
Last month, Franklin came up with second-quarter 2013 FFO (funds from operations) of 24 cents per share, beating the prior-year quarter figure of 23 cents. The results were aided by higher property income as a result of 3 acquisitions closed in the last 12 months and improved occupancy.
Based in Wakefield, Mass., Franklin focuses on investing in select urban infill and CBD office properties mainly in the top 5 markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.
Franklin currently has a Zacks Rank #3 (Hold). Other REITs that are performing well and deserve a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ), all carrying a Zacks Rank #2 (Buy).
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.
CUBESMART (CUBE): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
FRANKLIN ST PPT (FSP): Free Stock Analysis Report
HIGHWOODS PPTYS (HIW): 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.
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Other REITs that are performing well and deserve a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ), all carrying a Zacks Rank #2 (Buy). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report FRANKLIN ST PPT (FSP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Based in Wakefield, Mass., Franklin focuses on investing in select urban infill and CBD office properties mainly in the top 5 markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.
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Other REITs that are performing well and deserve a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ), all carrying a Zacks Rank #2 (Buy). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report FRANKLIN ST PPT (FSP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Real estate investment trust (REIT), Franklin Street Properties Corp. ( FSP ) disclosed the acquisition of an office property in Denver, Colo. for $217 million.
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report FRANKLIN ST PPT (FSP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Other REITs that are performing well and deserve a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ), all carrying a Zacks Rank #2 (Buy). Real estate investment trust (REIT), Franklin Street Properties Corp. ( FSP ) disclosed the acquisition of an office property in Denver, Colo. for $217 million.
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Other REITs that are performing well and deserve a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ), all carrying a Zacks Rank #2 (Buy). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report FRANKLIN ST PPT (FSP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Real estate investment trust (REIT), Franklin Street Properties Corp. ( FSP ) disclosed the acquisition of an office property in Denver, Colo. for $217 million.
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de5456ad-fbdf-452f-a8ec-be64ba23bdf5
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725147.0
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2013-08-30 00:00:00 UTC
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Still Neutral on American Tower - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/still-neutral-on-american-tower-analyst-blog-2013-08-30
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nan
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nan
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On Aug 29, we maintained our Neutral recommendation on American Tower Corp. ( AMT ). The company reported tepid second-quarter 2013 results with both the top and the bottom lines missing the Zacks Consensus Estimate.
Why Reiterated at Neutral?
Higher adoption of smartphones/tablets coupled with increased deployment of 3G/4G networks by the carriers across the world will continue to drive the demand for tower space, going forward. American Tower is rapidly expanding its business operations in various emerging markets. In addition to Brazil and Mexico, American Tower has taken a major initiative to expand its operations in India. The company is already on the verge of acquiring 8,000 wireless towers of Tower Vision, a privately held Indian wireless tower operator. This will generate long-run sustainable business for the company. Moreover, the company also planned to acquire 2,790 Brazilian towers and 1,666 Mexican towers from NII Holdings for $413 million and $398 million, respectively.
Moreover, the company has started offering cost-effective outdoor Distributed Antenna Systems (DAS) to its customers. Management indicated that DAS has the potential to reach 2.0% of American Tower's total revenue over a period of three to five years.
On the downside, American Tower has a substantially leveraged balance sheet. At the end of the second quarter of 2013, the company had nearly $8.79 billion of net debt (total debt-cash & cash equivalents) and the debt-to-capitalization ratio was 0.71. High level of indebtedness increases the possibility of a company failing to generate sufficient amount of cash to meet its debt obligations in the future. This may also hinder the company's effort to access the debt market to borrow and refinance at favorable rates.
Furthermore, higher customer concentration for American Tower coupled with huge exposure to foreign exchange rate risks will act as headwinds for the company, going forward.
Currently, American Tower has a Zacks Rank #3 (Hold).
Other Stocks to Consider
Other stocks in the wireless tower industry include Crown Castle International Corp. ( CCI ), SBA Communication Corp. ( SBAC ) and Douglas Emmett Inc. ( DEI ). Currently, both Crown Castle and SBA Communication have a Zacks Rank #3 (Hold) while Douglas Emmett has a Zacks Rank #2 (Buy).
AMER TOWER CORP (AMT): Free Stock Analysis Report
CROWN CASTLE (CCI): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
SBA COMM CORP (SBAC): 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.
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Other Stocks to Consider Other stocks in the wireless tower industry include Crown Castle International Corp. ( CCI ), SBA Communication Corp. ( SBAC ) and Douglas Emmett Inc. ( DEI ). AMER TOWER CORP (AMT): Free Stock Analysis Report CROWN CASTLE (CCI): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report SBA COMM CORP (SBAC): Free Stock Analysis Report To read this article on Zacks.com click here. Higher adoption of smartphones/tablets coupled with increased deployment of 3G/4G networks by the carriers across the world will continue to drive the demand for tower space, going forward.
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Other Stocks to Consider Other stocks in the wireless tower industry include Crown Castle International Corp. ( CCI ), SBA Communication Corp. ( SBAC ) and Douglas Emmett Inc. ( DEI ). AMER TOWER CORP (AMT): Free Stock Analysis Report CROWN CASTLE (CCI): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report SBA COMM CORP (SBAC): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, both Crown Castle and SBA Communication have a Zacks Rank #3 (Hold) while Douglas Emmett has a Zacks Rank #2 (Buy).
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AMER TOWER CORP (AMT): Free Stock Analysis Report CROWN CASTLE (CCI): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report SBA COMM CORP (SBAC): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks in the wireless tower industry include Crown Castle International Corp. ( CCI ), SBA Communication Corp. ( SBAC ) and Douglas Emmett Inc. ( DEI ). The company is already on the verge of acquiring 8,000 wireless towers of Tower Vision, a privately held Indian wireless tower operator.
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AMER TOWER CORP (AMT): Free Stock Analysis Report CROWN CASTLE (CCI): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report SBA COMM CORP (SBAC): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks in the wireless tower industry include Crown Castle International Corp. ( CCI ), SBA Communication Corp. ( SBAC ) and Douglas Emmett Inc. ( DEI ). American Tower is rapidly expanding its business operations in various emerging markets.
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1cd06d8c-2a29-4a95-810f-890b6317a649
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725148.0
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2013-08-30 00:00:00 UTC
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EastGroup Hikes Dividend - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/eastgroup-hikes-dividend-analyst-blog-2013-08-30
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nan
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nan
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In tune with its efforts to enhance stockholders' return, EastGroup Properties Inc. ( EGP ) hiked its quarterly cash dividend sequentially by 1.9% to 54 cents per share from 53 cents. The new dividend will be paid on Sep 30, 2013 to shareholders of record as of Sep 19, 2013.
EastGroup has a consistent track record of increasing shareholders' wealth. Notably, the company has raised or maintained its dividend for 21 consecutive years and hiked it for 18 years within this period.
Dividends & REITs
Solid dividend payouts are arguably the biggest attraction for real estate investment trust (REIT) investors as the U.S. law requires these companies to distribute 90% of their annual taxable income in the form of dividends to shareholders.
A steady dividend payout is in line with the long-term strategy of EastGroup to provide attractive risk-adjusted returns to its stockholders. The announced quarterly dividend rate at this REIT equates to an annualized rate of common stock dividend of $2.16 per share, resulting in a yield of 3.81% based on the closing price of EastGroup's stock on Aug 29.
Our Take
As a matter of fact, EastGroup continues to maintain a strong and flexible balance sheet. As of Jun 30, 2013, its debt-to-total market capitalization was 34.6%. For the quarter, the company had interest and fixed charge coverage ratios of 3.8x.
EastGroup is currently focused on expanding its industrial properties business in key Sunbelt markets across the U.S. and primarily in the states of Florida, Texas, Arizona, California and North Carolina. The company aims at improving its portfolio with premier business distribution facilities positioned near major transportation hubs.
Last month, the company reported second-quarter 2013 FFO (funds from operations) of 80 cents per share, beating the Zacks Consensus Estimate by nearly 2.6% and the year-ago quarter figure by 3.9%. Results were driven by solid leasing activities that helped improve occupancy and reap positive same property operating performances.
EastGroup also continues to broaden its platform and purchased an eight business distribution buildings complex in Dallas in May. Recently, the company also disclosed a number of development activities.
Hence, with strong fundamentals and opportunistic acquisitions, we believe that the company is well poised to maintain its growth curves and simultaneously reward shareholders with steadily rising dividends.
EastGroup currently carries a Zacks Rank #2 (Buy). Some other stocks worth considering in the same industry include CubeSmart ( CUBE ), Douglas Emmett Inc . ( DEI ) and Getty Realty Corp. ( GTY ). All these stocks also carry a Zacks Rank #2 (Buy).
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.
CUBESMART (CUBE): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
EASTGROUP PPTYS (EGP): Free Stock Analysis Report
GETTY REALTY CP (GTY): 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.
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( DEI ) and Getty Realty Corp. ( GTY ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report GETTY REALTY CP (GTY): Free Stock Analysis Report To read this article on Zacks.com click here. EastGroup is currently focused on expanding its industrial properties business in key Sunbelt markets across the U.S. and primarily in the states of Florida, Texas, Arizona, California and North Carolina.
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report GETTY REALTY CP (GTY): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEI ) and Getty Realty Corp. ( GTY ). In tune with its efforts to enhance stockholders' return, EastGroup Properties Inc. ( EGP ) hiked its quarterly cash dividend sequentially by 1.9% to 54 cents per share from 53 cents.
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report GETTY REALTY CP (GTY): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEI ) and Getty Realty Corp. ( GTY ). Dividends & REITs Solid dividend payouts are arguably the biggest attraction for real estate investment trust (REIT) investors as the U.S. law requires these companies to distribute 90% of their annual taxable income in the form of dividends to shareholders.
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report GETTY REALTY CP (GTY): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEI ) and Getty Realty Corp. ( GTY ). Dividends & REITs Solid dividend payouts are arguably the biggest attraction for real estate investment trust (REIT) investors as the U.S. law requires these companies to distribute 90% of their annual taxable income in the form of dividends to shareholders.
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17473be6-78a9-4b62-b258-20e2394f3b83
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725149.0
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2013-08-29 00:00:00 UTC
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Mack-Cali Downgraded to Underperform - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/mack-cali-downgraded-to-underperform-analyst-blog-2013-08-29
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nan
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nan
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On Aug 28, 2013, we downgraded our long-term recommendation on Mack-Cali Realty Corp. ( CLI ) - a real estate investment trust (REIT) - to Underperform from Neutral based on the continued weakness in the company's core office markets and reduction in rent on the renewals.
Why the Downgrade?
With rental rates declining over the last few years in the company's markets, we anticipate that following lease expirations in 2013, the company would experience lower rental rates at these commercial properties on new leases than the current ones. Moreover, rising interest rates raise its funding cost. Mack-Cali also slashed its dividend in the first half of 2013.
Mack-Cali reported second-quarter 2013 funds from operations (FFO) of 65 cents per share, surpassing the Zacks Consensus Estimate as well as the year-ago quarter figure by 3 cents. The rise in overall revenues as well as leasing activity helped the company's results in the quarter.
Though the company posted better-than-expected results in second-quarter 2013 and continues to diversify in the growing multifamily apartment sector, we believe that its aggressive disposition efforts would have a dilutive impact on its financials in the near-to-medium term. Moreover, for full-year 2013, Mack-Cali expects FFO per share in the range of $2.32-$2.42. This reflects a cut in the outlook for the second time in the year.
Over the last 30 days, the Zacks Consensus Estimate for 2013 FFO per share moved south 0.4% to $2.41 while the Zacks Consensus Estimate for 2014 fell 4.5% to $2.35 per share. The stock currently has a Zacks Rank #4 (Sell).
Other Stocks to Consider
Other REIT stocks that are worth considering include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ), and SL Green Realty Corp. ( SLG ), all carrying a Zacks Rank #2 (Buy).
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.
MACK CALI CORP (CLI): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
HIGHWOODS PPTYS (HIW): Free Stock Analysis Report
SL GREEN REALTY (SLG): 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.
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Other Stocks to Consider Other REIT stocks that are worth considering include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ), and SL Green Realty Corp. ( SLG ), all carrying a Zacks Rank #2 (Buy). MACK CALI CORP (CLI): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report To read this article on Zacks.com click here. On Aug 28, 2013, we downgraded our long-term recommendation on Mack-Cali Realty Corp. ( CLI ) - a real estate investment trust (REIT) - to Underperform from Neutral based on the continued weakness in the company's core office markets and reduction in rent on the renewals.
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Other Stocks to Consider Other REIT stocks that are worth considering include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ), and SL Green Realty Corp. ( SLG ), all carrying a Zacks Rank #2 (Buy). MACK CALI CORP (CLI): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report To read this article on Zacks.com click here. Mack-Cali reported second-quarter 2013 funds from operations (FFO) of 65 cents per share, surpassing the Zacks Consensus Estimate as well as the year-ago quarter figure by 3 cents.
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MACK CALI CORP (CLI): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other REIT stocks that are worth considering include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ), and SL Green Realty Corp. ( SLG ), all carrying a Zacks Rank #2 (Buy). With rental rates declining over the last few years in the company's markets, we anticipate that following lease expirations in 2013, the company would experience lower rental rates at these commercial properties on new leases than the current ones.
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Other Stocks to Consider Other REIT stocks that are worth considering include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ), and SL Green Realty Corp. ( SLG ), all carrying a Zacks Rank #2 (Buy). MACK CALI CORP (CLI): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report To read this article on Zacks.com click here. On Aug 28, 2013, we downgraded our long-term recommendation on Mack-Cali Realty Corp. ( CLI ) - a real estate investment trust (REIT) - to Underperform from Neutral based on the continued weakness in the company's core office markets and reduction in rent on the renewals.
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ba380953-ce2e-4033-bae9-1b72ad3d80e5
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725150.0
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2013-08-29 00:00:00 UTC
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HCP Pinned at Neutral - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/hcp-pinned-at-neutral-analyst-blog-2013-08-29
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nan
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nan
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On Aug 28, 2013, we reiterated our long-term recommendation on HCP Inc. ( HCP ), a healthcare real estate investment trust (REIT) at Neutral. This was based on the company's successful strategic investments in recent quarters, rising healthcare expenditures, decent balance sheet and enhanced full-year outlook. However, lower-than-expected second-quarter results as well as rising interest rates and capital market volatility remain plausible concerns.
Why Neutral?
HCP reported lower-than-expected second-quarter 2013 results, with reported FFO per share of 72 cents missing the Zacks Consensus Estimate by 2 cents. Results reflected lower-than-expected growth in revenues and rise in expenses.
Though the lower-than-expected results are discouraging, we believe that going forward, HCP is well poised to see a strong growth trajectory given its well-balanced, diversified portfolio, opportunistic acquisitions, aging population, rising healthcare expenses, decent balance sheet, and improving credit metrics.
In second-quarter 2013, HCP completed $367 million of investment transactions. Moreover, the company has raised its outlook for the year on one-time benefits and strategic investments.
Yet, the rising interest rates and capital market volatility have adversely impacted the deal volumes in recent times. Also, the company's dependence on a limited number of operators and tenants for a large share of its revenues is a concern and cut-throat competition remains a deterrent.
Over the last 30 days, the Zacks Consensus Estimate for 2013 remained stable at $2.98 per share. However, for 2014, it dropped 0.3% to $3.13 per share. The stock now carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
REITs that are performing better and are worth a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ). All these stocks carry a Zacks Rank #2 (Buy).
Note: FFO, a widely accepted and reported measure of the performance of REITs is derived by adding depreciation, amortization and other non-cash expenses to net income.
CUBESMART (CUBE): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
HCP INC (HCP): Free Stock Analysis Report
HIGHWOODS PPTYS (HIW): 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.
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Other Stocks to Consider REITs that are performing better and are worth a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HCP INC (HCP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. This was based on the company's successful strategic investments in recent quarters, rising healthcare expenditures, decent balance sheet and enhanced full-year outlook.
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HCP INC (HCP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider REITs that are performing better and are worth a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ). However, lower-than-expected second-quarter results as well as rising interest rates and capital market volatility remain plausible concerns.
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HCP INC (HCP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider REITs that are performing better and are worth a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ). HCP reported lower-than-expected second-quarter 2013 results, with reported FFO per share of 72 cents missing the Zacks Consensus Estimate by 2 cents.
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HCP INC (HCP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider REITs that are performing better and are worth a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ). However, lower-than-expected second-quarter results as well as rising interest rates and capital market volatility remain plausible concerns.
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905d2161-ab07-4801-8469-2767434b9d21
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725151.0
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2013-08-29 00:00:00 UTC
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Pebblebrook Hotel Trust Buys Hotel Modera - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/pebblebrook-hotel-trust-buys-hotel-modera-analyst-blog-2013-08-29
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nan
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nan
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Pebblebrook Hotel Trust ( PEB ), a real estate investment trust, declared that it has purchased Hotel Modera for $47.5 million. This urban, boutique, upper upscale, full service hotel comprising 174 rooms is situated at downtown Portland, OR. Moreover, OLS Hotels and Resorts would act as the manager of the property.
As per the transaction, Hotel Modera's secured, non-course loan worth $23.7 million would now be repaid by Pebblebrook Hotel Trust. The loan carries a fixed rate of interest at 5.257%, having a maturity date of Jul 2016. Further, the remaining balance of the purchase price would be paid in cash terms by Pebblebrook Hotel Trust.
Hotel Modera is advantageously located between 5th and 6th Avenue on Clay Street with easy access to fine restaurants, art galleries, museums and nightlife venues. Moreover, the hotel is surrounded by major area corporate tenants US Bank, Wells Fargo, NRC, Deloitte, Nike, Intel, Providence Health Systems, Portland State University, among other top-tier institutions.
Hotel Modera was originally constructed in 1962. However, in 2008, it underwent extensive renovation and repositioning worth $13.0 million. The hotel possess luxury and comfort along with an elegant atmosphere that exhibits various pieces of local art, stylish Carrera marble, black walnut floors and contemporary architecture.
Moreover, Modera Hotel's guest rooms are furnished with iPod docking stations, 32-inch LCD flat screen TVs, pillow-top mattresses and plush microfiber robes. The hotel also offers 3 meeting rooms spanning 2,000 square feet of space along with 2 private dining rooms spanning over 600 square feet of space.
Modera Hotel also has a contemporary Italian restaurant - Nel Centro - that offers traditional Italian cuisine for breakfast, lunch and dinner. Additionally, the hotel provides a business center and sundry shop along with 72 valet parking spaces.
In 2012, Hotel Modera had 79% occupancy rate. The hotel had an average daily rate (ADR) amounting to $135 and revenue per available room of $106. Moreover, the hotel's earnings before interest, taxes, depreciation and amortization (EBITDA) came in at $3.8 million and net operating income after capital reserves (NOI) came in at $3.5 million.
Pebblebrook Hotel Trust anticipates EBITDA in the range of $3.8 - $4.3 million and NOI in the range of $3.4 to $3.9 million in 2014.
Further, Pebblebrook Hotel Trust anticipates incurring costs of about $0.4 million in connection with the acquisition of the hotel and an additional expense of $0.4 million associated with the transition of a new management team.
The acquisition of Hotel Modera is Pebblebrook Hotel Trust's third investment in the Portland area following the acquisition of Hotel Vintage Plaza comprising 117 rooms in downtown Portland, Ore. and Skamania Lodge comprising 254 rooms in Stevenson, Wash.
Moreover, the acquisition of Hotel Modera would increase the total number of properties owned by Pebblebrook Hotel Trust to 28 including $2.2 billion of invested capital.
Pebblebrook Hotel Trust currently carries a Zacks Rank #3 (Hold). Some better performing stocks worth considering include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and EastGroup Properties Inc. ( EGP ). All these carry a Zacks Rank #2 (Buy).
CUBESMART (CUBE): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
EASTGROUP PPTYS (EGP): Free Stock Analysis Report
PEBBLEBROOK HTL (PEB): 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.
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Some better performing stocks worth considering include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and EastGroup Properties Inc. ( EGP ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report PEBBLEBROOK HTL (PEB): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the hotel is surrounded by major area corporate tenants US Bank, Wells Fargo, NRC, Deloitte, Nike, Intel, Providence Health Systems, Portland State University, among other top-tier institutions.
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Some better performing stocks worth considering include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and EastGroup Properties Inc. ( EGP ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report PEBBLEBROOK HTL (PEB): Free Stock Analysis Report To read this article on Zacks.com click here. The acquisition of Hotel Modera is Pebblebrook Hotel Trust's third investment in the Portland area following the acquisition of Hotel Vintage Plaza comprising 117 rooms in downtown Portland, Ore. and Skamania Lodge comprising 254 rooms in Stevenson, Wash.
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Some better performing stocks worth considering include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and EastGroup Properties Inc. ( EGP ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report PEBBLEBROOK HTL (PEB): Free Stock Analysis Report To read this article on Zacks.com click here. Pebblebrook Hotel Trust ( PEB ), a real estate investment trust, declared that it has purchased Hotel Modera for $47.5 million.
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Some better performing stocks worth considering include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and EastGroup Properties Inc. ( EGP ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report PEBBLEBROOK HTL (PEB): Free Stock Analysis Report To read this article on Zacks.com click here. Pebblebrook Hotel Trust ( PEB ), a real estate investment trust, declared that it has purchased Hotel Modera for $47.5 million.
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06c66cf7-fe2b-4a85-a96a-6e30cd0a65db
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725152.0
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2013-08-28 00:00:00 UTC
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Franklin Secures Loan for Growth Plans - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/franklin-secures-loan-for-growth-plans-analyst-blog-2013-08-28
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nan
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nan
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Real estate investment trust (REIT) - Franklin Street Properties Corp. ( FSP ) - has been successful in closing a $220 million, seven-year, unsecured term loan with a fixed rate. This enhanced financial capacity would help the company carry on with its growth policies.
Moreover, Franklin may avail up to another $50 million loan as per an accordion feature. This will be available on receipt of lender commitments and fulfillment of certain customary conditions.
In particular, Franklin planned to finance a part of the purchase of a property positioned in the central business district (CBD) of Denver, Colo. with this proceed. The company inked a deal last month to acquire this 655,565 rentable square foot office property located at 1001 17th Street, Denver for $217 million.
Notably, though the term loan's interest rate is variable, the company participated in an interest rate swap that helped it fix the base LIBOR interest rate at 2.32% per annum for 7 years. As a result, the term loan's effective interest rate comes to 3.97% per annum as of Aug 26, based on the company's total leverage ratio.
We believe that opportunistic acquisitions and favorable funding would help the company ride on the growth trajectory. In fact, last month, Franklin came up with second-quarter 2013 FFO (funds from operations) of 24 cents per share, beating the prior-year quarter figure of 23 cents.
The results were aided by higher property income as a result of 3 acquisitions closed in the last 12 months and improved occupancy. Following this unsecured term loan, Franklin total debt is fully unsecured with 65% being fixed and 35% being at a variable rate.
Based in Wakefield, Mass., Franklin focuses on investing in select urban infill and CBD office properties mainly in top 5 markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.
Franklin currently has a Zacks Rank #3 (Hold). Other REITs that are performing well and deserve a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ), all carrying a Zacks Rank #2 (Buy).
CUBESMART (CUBE): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
FRANKLIN ST PPT (FSP): Free Stock Analysis Report
HIGHWOODS PPTYS (HIW): 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.
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Other REITs that are performing well and deserve a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ), all carrying a Zacks Rank #2 (Buy). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report FRANKLIN ST PPT (FSP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Real estate investment trust (REIT) - Franklin Street Properties Corp. ( FSP ) - has been successful in closing a $220 million, seven-year, unsecured term loan with a fixed rate.
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Other REITs that are performing well and deserve a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ), all carrying a Zacks Rank #2 (Buy). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report FRANKLIN ST PPT (FSP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Real estate investment trust (REIT) - Franklin Street Properties Corp. ( FSP ) - has been successful in closing a $220 million, seven-year, unsecured term loan with a fixed rate.
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report FRANKLIN ST PPT (FSP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Other REITs that are performing well and deserve a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ), all carrying a Zacks Rank #2 (Buy). Real estate investment trust (REIT) - Franklin Street Properties Corp. ( FSP ) - has been successful in closing a $220 million, seven-year, unsecured term loan with a fixed rate.
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Other REITs that are performing well and deserve a look include CubeSmart ( CUBE ), Douglas Emmett Inc. ( DEI ) and Highwoods Properties Inc. ( HIW ), all carrying a Zacks Rank #2 (Buy). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report FRANKLIN ST PPT (FSP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Real estate investment trust (REIT) - Franklin Street Properties Corp. ( FSP ) - has been successful in closing a $220 million, seven-year, unsecured term loan with a fixed rate.
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dc2ef1a4-9f00-44b1-8d59-304ecc83e88e
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725153.0
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2013-08-27 00:00:00 UTC
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Taubman to Buy Back Shares - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/taubman-to-buy-back-shares-analyst-blog-2013-08-27
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nan
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nan
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As part of its effort to enhance shareholder value, Taubman Centers, Inc. ( TCO ) disclosed a $200 million share buyback program. Authorized by the company's Board of Directors, this share buyback program, upon full execution, would reflect nearly 5% of the company's outstanding common shares.
This strategic move is expected to be accretive to Taubman's earnings and net asset value per share. and will help in lifting the relatively undervalued share price. The company will finance the share repurchase scheme with its general corporate funds but may also borrow under its line of credit depending on several factors.
Moreover, Taubman has established an impressive track record in conservative capital management as well as returning cash to shareholders through regular dividends. Recently, the company declared a quarterly common stock dividend of 50 cents per share, which is payable on Sep 30, 2013 to shareholders of record as of Sep 16.
Notably, the company never reduced its common dividend since it went public in 1992 but has, on the other hand, hiked its payout 16 times since then. Such efforts boost shareholders' confidence on the stock.
Last month, Taubman reported second-quarter 2013 funds from operations (FFO) per share of 75 cents, missing the Zacks Consensus Estimate by 4 cents. The estimate miss was mainly due to lower-than-expected revenues in the quarter. The company has, however, reiterated its guidance range for 2013.
Taubman currently carries a Zacks Rank #3 (Hold). Other well performing REITs include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). All these stocks carry a Zacks Rank #2 (Buy).
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.
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
EASTGROUP PPTYS (EGP): Free Stock Analysis Report
HIGHWOODS PPTYS (HIW): Free Stock Analysis Report
TAUBMAN CENTERS (TCO): 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.
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Other well performing REITs include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report To read this article on Zacks.com click here. The company will finance the share repurchase scheme with its general corporate funds but may also borrow under its line of credit depending on several factors.
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Other well performing REITs include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report To read this article on Zacks.com click here. Last month, Taubman reported second-quarter 2013 funds from operations (FFO) per share of 75 cents, missing the Zacks Consensus Estimate by 4 cents.
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DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report To read this article on Zacks.com click here. Other well performing REITs include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). Authorized by the company's Board of Directors, this share buyback program, upon full execution, would reflect nearly 5% of the company's outstanding common shares.
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Other well performing REITs include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report To read this article on Zacks.com click here. Authorized by the company's Board of Directors, this share buyback program, upon full execution, would reflect nearly 5% of the company's outstanding common shares.
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c67454f3-f0e6-432d-b4b7-e5cb3ad8320f
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725154.0
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2013-08-26 00:00:00 UTC
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Winthrop Restructures Portfolio - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/winthrop-restructures-portfolio-analyst-blog-2013-08-26
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nan
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nan
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Mass.-based real estate investment trust (REIT) - Winthrop Realty Trust ( FUR ) - recently disclosed a number of strategic measures aimed at restructuring its portfolio and improving its fundamentals.
These include buying of its joint venture (JV) partner's 50% interest in the mezzanine loan indirectly secured by an Ill.-based property for $30 million, a deal to buy a property in Oklahoma City, a sale agreement for a San Antonio property and the disposition of a Seabrook asset.
Details of the Deals
In particular, following the acquisition of its JV partner's interest in the loan, Winthrop now has 100% stake in the mezzanine loan. The loan, which bears an annual interest of 15%, has an outstanding principal balance and accrued interest of around $56.2 million. Notably, Winthrop and its JV partner will continue to hold about 35% each indirect equity interest in that Illinois property - located at One South State Street, Chicago - which secured the mezzanine loan indirectly.
In addition, Winthrop penned a deal to buy a 184-unit garden apartment complex - Summit Pointe Apartments - in Oklahoma City, Oklahoma, through a JV. Upon the acquisition's closure, Winthrop projects estimated capital contribution to the JV to be around $4.8 million. The transaction is expected to complete in Sep 2013, upon fulfillment of customary closing conditions.
On the other hand, Winthrop, through its CDH CDO venture, entered into a sale agreement to divest a Texas-based asset - One Riverwalk - located in San Antonio. From this deal, which is slated to close by the end of this month, Winthrop is expected to reap about $4.4 million as net proceeds upon payment of the existing third-party debt.
The company also divested another Texas-based asset for gross sale proceeds of $3.3 million. This resulted in net proceeds of about $3.2 million that was higher than Winthrop's latest estimated net asset value range of $2.6-$2.9 million for the property.
Our Take
Winthrop is focused on riding the growth trajectory by capitalizing on opportunistic investments. The above-mentioned deals are part of such efforts. We expect these transactions to enhance its portfolio quality and drive bottom-line growth.
Winthrop carries a short-term Zacks Rank #3 (Hold). Other well-performing REITs include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). All these stocks carry a Zacks Rank #2 (Buy).
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
EASTGROUP PPTYS (EGP): Free Stock Analysis Report
WINTHROP REALTY (FUR): Free Stock Analysis Report
HIGHWOODS PPTYS (HIW): 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.
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Other well-performing REITs include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Upon the acquisition's closure, Winthrop projects estimated capital contribution to the JV to be around $4.8 million.
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Other well-performing REITs include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. These include buying of its joint venture (JV) partner's 50% interest in the mezzanine loan indirectly secured by an Ill.-based property for $30 million, a deal to buy a property in Oklahoma City, a sale agreement for a San Antonio property and the disposition of a Seabrook asset.
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DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Other well-performing REITs include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). These include buying of its joint venture (JV) partner's 50% interest in the mezzanine loan indirectly secured by an Ill.-based property for $30 million, a deal to buy a property in Oklahoma City, a sale agreement for a San Antonio property and the disposition of a Seabrook asset.
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Other well-performing REITs include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. These include buying of its joint venture (JV) partner's 50% interest in the mezzanine loan indirectly secured by an Ill.-based property for $30 million, a deal to buy a property in Oklahoma City, a sale agreement for a San Antonio property and the disposition of a Seabrook asset.
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771dee0e-ee0f-46f7-b77f-fafa8428e609
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725155.0
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2013-08-26 00:00:00 UTC
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Ventas Pinned at Neutral - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/ventas-pinned-at-neutral-analyst-blog-2013-08-26
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nan
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nan
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On Aug 23, we reaffirmed our long-term Neutral recommendation on Ventas Inc. ( VTR ). The decision is based on the company's diversified portfolio, growing healthcare spending and aging population. Strategic acquisitions and a decent cash flow would provide the tempo for riding on the growth trajectory. Yet, rising rates and the company's substantial exposure to long-term leased assets remain our concern. Also, a large portion of its revenue originates from a few tenants, which exposes it to concentration risk.
Why the Reiteration?
Aided by an uptick in net operating income in its private pay seniors housing communities, triple-net lease portfolio and medical office building segment, Ventas reported second-quarter 2013 normalized Funds From Operations (FFO) per share of $1.01, increasing 6.3% year over year. Including the non-recurring items, FFO in the reported quarter came in at $1.03 per share, up 27.2% from the year-ago quarter.
Backed by its strategic efforts and accretive acquisitions, Ventas, which has one of the largest and most diversified portfolios in the healthcare sector with exposure to all types of facilities, raised its outlook for full-year 2013.
Going forward, we believe that its adequate size and scale would help it capitalize on the acquisition opportunities that the huge healthcare real estate market is offering. Growth in healthcare spending along with the aging population will drive the demand for Ventas' properties. The company has a strong balance sheet with ample liquidity to support its strategic measures and make steady dividend payouts.
Yet, rising rates are a concern for Ventas. With the fixed rate nature of a substantial part of the company's revenue on one hand and rising cost of debt amid an increasing interest rate environment on the other, the company's profitability gets adversely affected.
Also, a large portion of Ventas' revenues originate from a few tenants, which exposes it to concentration risks. Moreover, the cut-throat market and competitive market limits its power to significantly raise its top line and crack deals at attractive rates.
Over the last 30 days, the Zacks Consensus Estimate for 2013 FFO per share moved north by a cent to $4.11 while the Zacks Consensus Estimate for 2014 inched down by a cent to $4.31 per share. The stock currently has a Zacks Rank #3 (Hold).
Other Stocks to Consider
Other stocks in the related industry that are worth considering include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ), SL Green Realty Corp. ( SLG ), all carrying a Zacks Rank #2 (Buy).
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.
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
HIGHWOODS PPTYS (HIW): Free Stock Analysis Report
SL GREEN REALTY (SLG): Free Stock Analysis Report
VENTAS INC (VTR): 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.
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Other Stocks to Consider Other stocks in the related industry that are worth considering include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ), SL Green Realty Corp. ( SLG ), all carrying a Zacks Rank #2 (Buy). DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report VENTAS INC (VTR): Free Stock Analysis Report To read this article on Zacks.com click here. Backed by its strategic efforts and accretive acquisitions, Ventas, which has one of the largest and most diversified portfolios in the healthcare sector with exposure to all types of facilities, raised its outlook for full-year 2013.
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Other Stocks to Consider Other stocks in the related industry that are worth considering include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ), SL Green Realty Corp. ( SLG ), all carrying a Zacks Rank #2 (Buy). DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report VENTAS INC (VTR): Free Stock Analysis Report To read this article on Zacks.com click here. The decision is based on the company's diversified portfolio, growing healthcare spending and aging population.
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DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report VENTAS INC (VTR): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks in the related industry that are worth considering include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ), SL Green Realty Corp. ( SLG ), all carrying a Zacks Rank #2 (Buy). Aided by an uptick in net operating income in its private pay seniors housing communities, triple-net lease portfolio and medical office building segment, Ventas reported second-quarter 2013 normalized Funds From Operations (FFO) per share of $1.01, increasing 6.3% year over year.
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Other Stocks to Consider Other stocks in the related industry that are worth considering include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ), SL Green Realty Corp. ( SLG ), all carrying a Zacks Rank #2 (Buy). DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report SL GREEN REALTY (SLG): Free Stock Analysis Report VENTAS INC (VTR): Free Stock Analysis Report To read this article on Zacks.com click here. The decision is based on the company's diversified portfolio, growing healthcare spending and aging population.
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8a04f421-2625-4ffd-a555-cb222a124dc9
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725156.0
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2013-08-22 00:00:00 UTC
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W. P. Carey Acquires State Farm Assets - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/w.-p.-carey-acquires-state-farm-assets-analyst-blog-2013-08-22
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nan
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nan
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W. P. Carey Inc. ( WPC ), a real estate investment trust (REIT), through its affiliates, acquired the State Farm Operation Center from State Farm Mutual Automobile Insurance Company in Austin, Texas.
It was made through a sale-lease back deal for $110 million plus transaction costs. Leased to State Farm for an initial term of 15 years, this facility spans 448,898 square foot on 83.5 acres in AmberOaks Corporate Center.
Serving since 1994 as State Farm's Operation Center, this Class A office property enjoys locational advantage for being positioned in a vibrant metro area that is among the top performing ones in the nation. Also, the deal is made with State Farm - an AA credit rated tenant - that indicates a superior rent paying ability of the tenant.
Earlier this month, W. P. Carey reported second-quarter 2013 funds from operations (FFO) of 77 cents per share, exceeding the Zacks Consensus Estimate of 71 cents by nearly 8.5% and the year-ago quarter FFO per share of 53 cents by 45.3%. It acquired 3 properties for around $113 million and structured $305 million of investments on behalf of the managed REITs during the quarter.
The company also made a 2.4% sequential hike and a 48% year-over-year increase in the quarterly dividend rate to 84 cents per share. This also represents the company's 49th consecutive quarterly increase.
W. P. Carey provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages an investment portfolio of approximately $15.4 billion. The company primarily invests in commercial properties that are generally leased to corporate tenants. Following the second-quarter end, the company disclosed a merger agreement with Corporate Property Associates 16 - Global Incorporated.
W. P. Carey currently carries a Zacks Rank #3 (Hold). However, other REITs that are performing better and deserve a look include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ) and RLJ Lodging Trust ( RLJ ), all carrying a Zacks Rank #2 (Buy).
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.
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
HIGHWOODS PPTYS (HIW): Free Stock Analysis Report
RLJ LODGING TR (RLJ): Free Stock Analysis Report
WP CAREY INC (WPC): 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.
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However, other REITs that are performing better and deserve a look include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ) and RLJ Lodging Trust ( RLJ ), all carrying a Zacks Rank #2 (Buy). DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report RLJ LODGING TR (RLJ): Free Stock Analysis Report WP CAREY INC (WPC): Free Stock Analysis Report To read this article on Zacks.com click here. Leased to State Farm for an initial term of 15 years, this facility spans 448,898 square foot on 83.5 acres in AmberOaks Corporate Center.
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However, other REITs that are performing better and deserve a look include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ) and RLJ Lodging Trust ( RLJ ), all carrying a Zacks Rank #2 (Buy). DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report RLJ LODGING TR (RLJ): Free Stock Analysis Report WP CAREY INC (WPC): Free Stock Analysis Report To read this article on Zacks.com click here. W. P. Carey Inc. ( WPC ), a real estate investment trust (REIT), through its affiliates, acquired the State Farm Operation Center from State Farm Mutual Automobile Insurance Company in Austin, Texas.
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DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report RLJ LODGING TR (RLJ): Free Stock Analysis Report WP CAREY INC (WPC): Free Stock Analysis Report To read this article on Zacks.com click here. However, other REITs that are performing better and deserve a look include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ) and RLJ Lodging Trust ( RLJ ), all carrying a Zacks Rank #2 (Buy). W. P. Carey Inc. ( WPC ), a real estate investment trust (REIT), through its affiliates, acquired the State Farm Operation Center from State Farm Mutual Automobile Insurance Company in Austin, Texas.
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However, other REITs that are performing better and deserve a look include Douglas Emmett Inc. ( DEI ), Highwoods Properties Inc. ( HIW ) and RLJ Lodging Trust ( RLJ ), all carrying a Zacks Rank #2 (Buy). DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report RLJ LODGING TR (RLJ): Free Stock Analysis Report WP CAREY INC (WPC): Free Stock Analysis Report To read this article on Zacks.com click here. W. P. Carey Inc. ( WPC ), a real estate investment trust (REIT), through its affiliates, acquired the State Farm Operation Center from State Farm Mutual Automobile Insurance Company in Austin, Texas.
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a85f1a2d-8b76-4037-8043-82652e0daed7
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725157.0
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2013-08-15 00:00:00 UTC
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Winthrop to Buy 4 Apartment Assets - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/winthrop-to-buy-4-apartment-assets-analyst-blog-2013-08-15
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nan
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nan
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Mass.-based real estate investment trust (REIT), Winthrop Realty Trust ( FUR ) inked a binding purchase deal to acquire 4 recently built Class A luxury apartment assets - 44 Monroe, Highgrove, Mosaic II and San Pedro Lofts - for about $246 million. The move was in line with the company's strategy of buying high quality condo constructed multifamily assets.
44 Monroe is a 34-story residential property (184 units) in Arizona, Phoenix and Highgrove is an 18-story residential building (92 units) in Stamford, Conn. Moreover, Mosaic II is a 29-story residential property (396 units) in Houston, Texas and San Pedro Lofts comprises 2 distinct residential buildings (89 units) in San Pedro, Calif.
Winthrop expects the acquisition of these properties to close around September to October this year, subject to customary closing conditions. For buying the assets, the company provided a non-refundable deposit worth $25.5 million. The balance amount is anticipated to stem from a mix of available cash and new secured financing.
Notably, Winthrop is focused on riding the growth trajectory by capitalizing on opportunistic investments and the current deal is a part of such efforts. We expect the above-mentioned accretive acquisitions to enhance its portfolio quality and drive bottom-line growth.
Winthrop Realty engages in the ownership and management of real estate and real estate-related financial instruments such as CMBS, bonds, REIT preferred and common stock. The company carries a short-term Zacks Rank #1 (Strong Buy).
A number of other REITs that are also performing well include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). All these stocks carry a Zacks Rank #2 (Buy).
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.
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
EASTGROUP PPTYS (EGP): Free Stock Analysis Report
WINTHROP REALTY (FUR): Free Stock Analysis Report
HIGHWOODS PPTYS (HIW): 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.
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A number of other REITs that are also performing well include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, Mosaic II is a 29-story residential property (396 units) in Houston, Texas and San Pedro Lofts comprises 2 distinct residential buildings (89 units) in San Pedro, Calif. Winthrop expects the acquisition of these properties to close around September to October this year, subject to customary closing conditions.
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DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. A number of other REITs that are also performing well include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). Mass.-based real estate investment trust (REIT), Winthrop Realty Trust ( FUR ) inked a binding purchase deal to acquire 4 recently built Class A luxury apartment assets - 44 Monroe, Highgrove, Mosaic II and San Pedro Lofts - for about $246 million.
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DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. A number of other REITs that are also performing well include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). Mass.-based real estate investment trust (REIT), Winthrop Realty Trust ( FUR ) inked a binding purchase deal to acquire 4 recently built Class A luxury apartment assets - 44 Monroe, Highgrove, Mosaic II and San Pedro Lofts - for about $246 million.
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A number of other REITs that are also performing well include EastGroup Properties Inc. ( EGP ), Highwoods Properties Inc. ( HIW ) and Douglas Emmett Inc. ( DEI ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report EASTGROUP PPTYS (EGP): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report To read this article on Zacks.com click here. Mass.-based real estate investment trust (REIT), Winthrop Realty Trust ( FUR ) inked a binding purchase deal to acquire 4 recently built Class A luxury apartment assets - 44 Monroe, Highgrove, Mosaic II and San Pedro Lofts - for about $246 million.
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a2d89663-a860-48d4-a509-9d89567ee318
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725158.0
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2013-08-12 00:00:00 UTC
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Highwoods Upgraded to Buy - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/highwoods-upgraded-to-buy-analyst-blog-2013-08-12
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nan
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nan
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On Aug 7, 2013, Zacks Investment Research upgraded Highwoods Properties Inc. ( HIW ) - a real estate investment trust (REIT) - to a Zacks Rank #2 (Buy). The upgrade came on the back of Highwoods' better-than-expected second-quarter 2013 results, driven by the successful implementation of its strategic plan.
Why the Upgrade?
Highwoods has been witnessing rising funds from operations (FFO) estimates thanks to decent second-quarter 2013 results and an enhanced guidance for full-year 2013. The company reported second-quarter 2013 core FFO of 70 cents per share, beating the Zacks Consensus Estimate by a penny. Decent results came on the back of strong leasing, efficient capital deployment activity as well as cash NOI growth.
Impressed by the results, Highwoods revised its FFO per share guidance for full-year 2013 in the range of $2.76-$2.84, up from $2.68-$2.81 forecasted earlier. The optimism reflected the company's solid operating performance in the quarter and opportune joint venture interest acquisition.
Moreover, Highwoods has a strong balance sheet and its efforts to enhance the liquidity position and portfolio quality have been recognized by rating agencies in recent times. The company received a senior debt rating upgradation from Standard & Poor's Ratings Services (raised to BBB, from BBB-, with a stable outlook in July) and Moody's Investors Service, the rating arm of Moody's Corporation ( MCO ) (Baa2, from Baa3, with a stable outlook in June).
As a result of these bullish factors, the tendency for an upward estimate revision has been obvious in recent times. Over the last 30 days, the Zacks Consensus Estimate for 2013 FFO per share rose by 1.8% to $2.80. The current estimate is within the guidance range provided by Highwoods. For 2014, the Zacks Consensus Estimate for FFO per share rose by 1.4% to $2.88.
Other Stocks to Consider
Other well performing REITs include CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ). Both these stocks carry a Zacks Rank #2 (Buy).
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.
CUBESMART (CUBE): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
HIGHWOODS PPTYS (HIW): Free Stock Analysis Report
MOODYS CORP (MCO): 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.
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Other Stocks to Consider Other well performing REITs include CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report MOODYS CORP (MCO): Free Stock Analysis Report To read this article on Zacks.com click here. Highwoods has been witnessing rising funds from operations (FFO) estimates thanks to decent second-quarter 2013 results and an enhanced guidance for full-year 2013.
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report MOODYS CORP (MCO): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other well performing REITs include CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ). On Aug 7, 2013, Zacks Investment Research upgraded Highwoods Properties Inc. ( HIW ) - a real estate investment trust (REIT) - to a Zacks Rank #2 (Buy).
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report MOODYS CORP (MCO): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other well performing REITs include CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ). On Aug 7, 2013, Zacks Investment Research upgraded Highwoods Properties Inc. ( HIW ) - a real estate investment trust (REIT) - to a Zacks Rank #2 (Buy).
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Other Stocks to Consider Other well performing REITs include CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report HIGHWOODS PPTYS (HIW): Free Stock Analysis Report MOODYS CORP (MCO): Free Stock Analysis Report To read this article on Zacks.com click here. Why the Upgrade?
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b9334951-8a83-49cd-8c90-4f3693c1b9a0
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725159.0
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2013-08-09 00:00:00 UTC
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LTC Properties Inks $141M Loan Agreement - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/ltc-properties-inks-%24141m-loan-agreement-analyst-blog-2013-08-09
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nan
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nan
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LTC Properties Inc . ( LTC ) - a healthcare real estate investment trust (REIT) - recently declared that it has entered into a mortgage loan agreement with affiliates of Prestige Healthcare. The loan amount of $141.0 million is secured by 185 properties that comprise 2,092 licensed skilled nursing beds and 24 independent living units in Michigan.
The loan is for a period of 30 years, bearing an initial interest of 9.41% for five years. Further, this interest rate will increase annually by 2.25%. Moreover, for the first three years, LTC Properties would only pay the interest and would thereafter pay interest along with an annual principal amount of $1.0 million.
Of the total loan amount of $141.0 million, LTC Properties expects to fund around $126.0 million in the fourth quarter of 2013 along with an additional forward commitment of $12.0 million towards capital improvement and up to $3.0 million toward short-term working capital.
Additionally, the agreement provides extra loan proceeds of up to $40.0 million, limited to $10.0 million per year, subject to the fulfillment of certain conditions and based on certain operating metrics as well as valuation thresholds attained and maintained within the initial 12 years of the loan agreement.
The borrower would also be able to exercise a one-time option between the third and twelfth year to prepay up to 50% of the outstanding balance at that time without any penalty. Moreover, LTC Properties has divided the collateralized assets into two parts in order to utilize the one-time option.
If LTC Properties decides to exercise this one-time option, at the time of execution of the option, it can classify which of the two pools of assets it would release for prepayment and remove it from the portfolio of properties securing the loan.
However, if prepayment of the loan option is exercised and concluded timely, the borrower will lose the right to utilize the opportunity to access any additional loan proceeds.
In addition to this, LTC Properties has an option to procure the properties, subject to certain conditions and a change in the regulatory environment.
This loan agreement is expected to diversify LTC Properties's operator base and enhance its geographic diversification. Additionally, this deal is anticipated to strengthen the company's presence in top Metropolitan Statistical Areas.
LTC Properties currently carries a Zacks Rank #3 (Hold). Some better performing stocks include Winthrop Realty Trust ( FUR ) with a Zacks Rank #1 (Strong Buy) and CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ) with a Zacks Rank #2 (Buy).
CUBESMART (CUBE): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
WINTHROP REALTY (FUR): Free Stock Analysis Report
LTC PROPERTIES (LTC): 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.
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Some better performing stocks include Winthrop Realty Trust ( FUR ) with a Zacks Rank #1 (Strong Buy) and CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ) with a Zacks Rank #2 (Buy). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report LTC PROPERTIES (LTC): Free Stock Analysis Report To read this article on Zacks.com click here. The loan amount of $141.0 million is secured by 185 properties that comprise 2,092 licensed skilled nursing beds and 24 independent living units in Michigan.
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Some better performing stocks include Winthrop Realty Trust ( FUR ) with a Zacks Rank #1 (Strong Buy) and CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ) with a Zacks Rank #2 (Buy). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report LTC PROPERTIES (LTC): Free Stock Analysis Report To read this article on Zacks.com click here. This loan agreement is expected to diversify LTC Properties's operator base and enhance its geographic diversification.
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CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report LTC PROPERTIES (LTC): Free Stock Analysis Report To read this article on Zacks.com click here. Some better performing stocks include Winthrop Realty Trust ( FUR ) with a Zacks Rank #1 (Strong Buy) and CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ) with a Zacks Rank #2 (Buy). Of the total loan amount of $141.0 million, LTC Properties expects to fund around $126.0 million in the fourth quarter of 2013 along with an additional forward commitment of $12.0 million towards capital improvement and up to $3.0 million toward short-term working capital.
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Some better performing stocks include Winthrop Realty Trust ( FUR ) with a Zacks Rank #1 (Strong Buy) and CubeSmart ( CUBE ) and Douglas Emmett Inc ( DEI ) with a Zacks Rank #2 (Buy). CUBESMART (CUBE): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report WINTHROP REALTY (FUR): Free Stock Analysis Report LTC PROPERTIES (LTC): Free Stock Analysis Report To read this article on Zacks.com click here. LTC Properties Inc .
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72066b17-46cb-4ea4-9ade-1c36788ec5f0
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725160.0
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2013-08-06 00:00:00 UTC
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Vornado Surpasses Q2 Estimates - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/vornado-surpasses-q2-estimates-analyst-blog-2013-08-06
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nan
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nan
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Vornado Realty Trust 's ( VNO ) second-quarter 2013 adjusted funds from operations (FFO) per share of $1.30 exceeded the Zacks Consensus Estimate by 6 cents. Moreover, it came above the year-ago figure of $1.06 by 22.6%.
The better-than-expected result at this real estate investment trust (REIT) was attributable to the company's successful execution of strategic initiatives. Including the non-recurring items, FFO came in at $1.25 per share, substantially higher than 89 cents recorded in the year-ago quarter.
Total revenue upped 1.2% year over year to $685.9 million and came above the Zacks Consensus Estimate of $676 million as well.
Behind the Headlines
In the quarter under review, Vornado leased 1,950 square feet and 2,111 square feet of office space in New York City and Washington, D.C. portfolios, respectively. On cash basis, rents rose 4.6% and 0.4% compared with the previous increased rents in New York City and Washington, D.C. office segments, respectively. On the other hand, on a GAAP basis, rents upped 4.9% and 3.4% versus the previous straight-line rent in the New York City and Washington, D.C. office segments, respectively.
At the quarter-end, same-store occupancy in the company's New York City and Washington, D.C. portfolios were 96.1% and 83.6%, respectively. Same-store earnings before interest, tax, depreciation and amortization (EBITDA) on GAAP basis rose 4.4% but decreased 5.5% year over year in the New York City and Washington, D.C. portfolios, respectively.
Notable Portfolio Activities
Vornado sold a power strip shopping center - The Plant - in San Jose for $203 million and realized a net gain of approximately $32.2 million. Additionally, the company sold its 26.2% stake in LNR Property LLC to Starwood Property Trust Inc. ( STWD ) and Starwood Capital Group for $1.05 billion. Vornado reaped approximately $241 million as net proceeds from the sale.
Moreover, during the quarter, Vornado divested a Philadelphia-based retail asset for $60 million and realized a net gain of $33.1 million. The company also penned a deal to dispose a parcel of land - Harlem Park - in New York City for $65 million. The divestiture is expected to garner a net gain of around $22 million.
Liquidity
As of Jun 30, 2013, Vornado had $781.7 million of cash and cash equivalents, compared with $585.8 million as of Mar 31, 2013. At the end of the quarter, total outstanding debt was $13.4 million.
The FFO payout ratio (based on FFO as adjusted for comparability) in the quarter was 56.2% versus 65.1% in the second quarter of 2012.
During the quarter, Vornado closed on the $550 million worth refinancing of Independence Plaza - a residential complex - in the Tribeca submarket of Manhattan.
Our Take
We are impressed with the better-than-expected results at Vornado. The company's portfolio repositioning activity through strategic sale-offs positions it well for growth. Moreover, Vornado's strong leasing activity has strengthened its foothold in two of the most vibrant long-term office markets - New York City and Washington, D.C - in the U.S. Additionally, Vornado's healthy balance sheet with manageable near-term debt maturities and adequate cash position is noteworthy. We expect all these factors to provide upside potential to the company, going forward.
However, intense competition causes Vornado to charge relatively high rents from its tenants as compared to competitors. This affects the company's long-term profitability and thus remains a matter of plausible concern.
Vornado currently carries a Zacks Rank #4 (Sell). Some better performing REITs include Douglas Emmett Inc . ( DEI ) and Franklin Street Properties Corp. ( FSP ). Both of these stocks hold a Zacks Rank #2 (Buy).
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.
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
FRANKLIN ST PPT (FSP): Free Stock Analysis Report
STARWOOD PROPRT (STWD): Free Stock Analysis Report
VORNADO RLTY TR (VNO): 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.
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( DEI ) and Franklin Street Properties Corp. ( FSP ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report FRANKLIN ST PPT (FSP): Free Stock Analysis Report STARWOOD PROPRT (STWD): Free Stock Analysis Report VORNADO RLTY TR (VNO): Free Stock Analysis Report To read this article on Zacks.com click here. Vornado Realty Trust 's ( VNO ) second-quarter 2013 adjusted funds from operations (FFO) per share of $1.30 exceeded the Zacks Consensus Estimate by 6 cents.
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DOUGLAS EMMETT (DEI): Free Stock Analysis Report FRANKLIN ST PPT (FSP): Free Stock Analysis Report STARWOOD PROPRT (STWD): Free Stock Analysis Report VORNADO RLTY TR (VNO): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEI ) and Franklin Street Properties Corp. ( FSP ). On cash basis, rents rose 4.6% and 0.4% compared with the previous increased rents in New York City and Washington, D.C. office segments, respectively.
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DOUGLAS EMMETT (DEI): Free Stock Analysis Report FRANKLIN ST PPT (FSP): Free Stock Analysis Report STARWOOD PROPRT (STWD): Free Stock Analysis Report VORNADO RLTY TR (VNO): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEI ) and Franklin Street Properties Corp. ( FSP ). Notable Portfolio Activities Vornado sold a power strip shopping center - The Plant - in San Jose for $203 million and realized a net gain of approximately $32.2 million.
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( DEI ) and Franklin Street Properties Corp. ( FSP ). DOUGLAS EMMETT (DEI): Free Stock Analysis Report FRANKLIN ST PPT (FSP): Free Stock Analysis Report STARWOOD PROPRT (STWD): Free Stock Analysis Report VORNADO RLTY TR (VNO): Free Stock Analysis Report To read this article on Zacks.com click here. Including the non-recurring items, FFO came in at $1.25 per share, substantially higher than 89 cents recorded in the year-ago quarter.
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12c5f190-1b0f-460c-a19c-bddd417841ef
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725161.0
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2013-06-25 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for June 26, 2013
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-june-26-2013-2013-06-25
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on June 26, 2013. A cash dividend payment of $0.18 per share is scheduled to be paid on July 15, 2013. Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DEI has paid the same dividend. At the current stock price of $24.17, the dividend yield is 2.98%.
The previous trading day's last sale of DEI was $24.17, representing a -15.46% decrease from the 52 week high of $28.59 and a 12.16% increase over the 52 week low of $21.55.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). DEI's current earnings per share, an indicator of a company's profitability, is $.21. Zacks Investment Research reports DEI's forecasted earnings growth in 2013 as 7.21%, compared to an industry average of 7.2%.
For more information on the declaration, record and payment dates, visit the DEI Dividend History page.
Interested in gaining exposure to DEI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DEI as a top-10 holding:
iShares FTSE NAREIT Industrial/Office Index Fund ( FNIO )
PowerShares Fundamental Pure Small Core Portfolio ( PXSC )
PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ( PRFZ ).
The top-performing ETF of this group is PRFZ with an increase of 10.35% over the last 100 days. FNIO has the highest percent weighting of DEI at 3.66%.
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.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports DEI's forecasted earnings growth in 2013 as 7.21%, compared to an industry average of 7.2%.
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DEI's current earnings per share, an indicator of a company's profitability, is $.21. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on June 26, 2013.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the DEI Dividend History page. The following ETF(s) have DEI as a top-10 holding: iShares FTSE NAREIT Industrial/Office Index Fund ( FNIO ) PowerShares Fundamental Pure Small Core Portfolio ( PXSC ) PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ( PRFZ ).
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on June 26, 2013. This marks the 3rd quarter that DEI has paid the same dividend.
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0e263e8b-3486-4e18-91fe-191a3ea60cda
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725162.0
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2013-06-18 00:00:00 UTC
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EXR to Buy 20 Self-Storage Facilities - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/exr-to-buy-20-self-storage-facilities-analyst-blog-2013-06-18
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nan
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nan
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Recently, Extra Space Storage Inc . ( EXR ) announced that its operating partnership subsidiary - Extra Space Storage LP - inked a contribution deal with the several companies affiliated with All Aboard Mini Storage and Lance D. Alworth to buy 20 self-storage facilities in California.
The self-storage facilities, worth $196.0 million, comprise 14,800 units and net rentable space of 1.5 million square feet.The deal will likely be complete by the third quarter of 2013.
Deal Terms
The self-storage real estate investment trust (REIT) will prepay existing loans of $100.1 million on the assets and $10.1 million related to the loan's defeasance and prepayment costs, after the passing on of the properties. Moreover, the company will issue newly designated Series B Redeemable Preferred Units worth $33.6 million and common Operating Partnership units worth $62.3 million to the sellers.
Deal Financing
To finance the purchase of the aforementioned assets, Extra Space declared the private offering of Exchangeable Senior Notes worth $250 million, due 2033. To cover any over-allotments, the company provided an option to initial purchasers to buy up to an additional $37.5 million of shares within 30 days of the initial notes issue.
Further, upon exchange, the notes will likely be settled in cash and shares at a rate, determinable subject to certain conditions. Notably, Extra Space plans to utilize the remaining proceeds from the offering to pay off outstanding secured lines of credit and for other corporate purposes.
In Conclusion
We view the acquisition as a strategic fit for the company. It will drive its rental revenues and help in overall company's growth in the future. Additionally, the private offering will position Extra Space favorably to exploit investment opportunities and gain acquisitions.
Headquartered in Salt Lake City, Utah, Extra Space is engaged in property management and development activities that include the acquisition, management, development, sales and rent of self-storage facilities. The company currently has 965 self-storage properties, comprising about 640,000 units, located across 35 states, Washington, D.C. and Puerto Rico.
Currently, Extra Space carries a Zacks Rank #2 (Buy). Other REITs that are doing well include DCT Industrial Trust Inc. ( DCT ), Diamondrock Hospitality Co. ( DRH ) and Douglas Emmett Inc ( DEI ), all of which have the same Zacks rank as Extra Space.
DCT INDUSTRIAL (DCT): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
DIAMONDROCK HOS (DRH): Free Stock Analysis Report
EXTRA SPACE STG (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.
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Other REITs that are doing well include DCT Industrial Trust Inc. ( DCT ), Diamondrock Hospitality Co. ( DRH ) and Douglas Emmett Inc ( DEI ), all of which have the same Zacks rank as Extra Space. DCT INDUSTRIAL (DCT): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DIAMONDROCK HOS (DRH): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Extra Space plans to utilize the remaining proceeds from the offering to pay off outstanding secured lines of credit and for other corporate purposes.
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Other REITs that are doing well include DCT Industrial Trust Inc. ( DCT ), Diamondrock Hospitality Co. ( DRH ) and Douglas Emmett Inc ( DEI ), all of which have the same Zacks rank as Extra Space. DCT INDUSTRIAL (DCT): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DIAMONDROCK HOS (DRH): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Deal Financing To finance the purchase of the aforementioned assets, Extra Space declared the private offering of Exchangeable Senior Notes worth $250 million, due 2033.
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DCT INDUSTRIAL (DCT): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DIAMONDROCK HOS (DRH): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Other REITs that are doing well include DCT Industrial Trust Inc. ( DCT ), Diamondrock Hospitality Co. ( DRH ) and Douglas Emmett Inc ( DEI ), all of which have the same Zacks rank as Extra Space. ( EXR ) announced that its operating partnership subsidiary - Extra Space Storage LP - inked a contribution deal with the several companies affiliated with All Aboard Mini Storage and Lance D. Alworth to buy 20 self-storage facilities in California.
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Other REITs that are doing well include DCT Industrial Trust Inc. ( DCT ), Diamondrock Hospitality Co. ( DRH ) and Douglas Emmett Inc ( DEI ), all of which have the same Zacks rank as Extra Space. DCT INDUSTRIAL (DCT): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DIAMONDROCK HOS (DRH): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. The self-storage facilities, worth $196.0 million, comprise 14,800 units and net rentable space of 1.5 million square feet.The deal will likely be complete by the third quarter of 2013.
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127866e1-fb8a-45f5-8d70-5cc68a90c61f
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725163.0
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2013-06-07 00:00:00 UTC
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CBRE to Revamp 201 17th Street Building - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/cbre-to-revamp-201-17th-street-building-analyst-blog-2013-06-07
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nan
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nan
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CBRE Global Investors - an affiliate of CBRE Group, Inc. ( CBG ) - announced the renovation of Atlantic Station's 201 17 th Street building, with the addition of professional technology and artistic suites. The strategic move is in response to the present requirements of flourishing modern tech companies in the region.
Atlantic Station, a 138-acre master-planned mixed-use project, is one of the Southeast region's premier mixed-use communities and flourishing market in Atlanta. 201 17 th Street, a 17-story LEED Gold-certified Class A office tower, is situated at the center of Atlantic Station.
Redevelopment Blueprint
According to the redevelopment plan, CBRE Global Investors will renovate the fourth floor of the office building. The blueprint includes addition of some ultra-modern features - such as moveable partitions (to facilitate firms to extend space without construction costs, building permits or disruption), and raised floors that store electrical wires (to permit companies to quickly reconfigure workspaces). Currently, the 21,681 square feet of space is under construction. Notably, 2 of the 5 available spaces at the particular building have been pre-leased, which evinces a strong demand for the marketplace.
In Conclusion
We view the aforementioned move as a strategic long-term investment by CBRE Global Investors. This is expected it to provide the company a considerable up-market potential and boost the iconic property's value.
Notably, CBRE Global Investors has been making concerted efforts to the long-term success of Atlantic Station. In addition to 201 17th Street, CBRE Global Investors owns 2 nearby apartment communities at Atlanta Station.
Atlanta, in particular the Midtown area, is the flourishing hub of fast-growth tech firms. Significantly, CBRE Global Investors owns 3.6 million square feet of office space across Atlanta, which includes some prominent properties such as - Northcreek Office Park, The Towers at Wildwood Plaza, Wildwood Center and Platinum Tower.
CBRE Global Investors, which is the independently operated associate of CBRE Group, is a global real estate investment management firm. As of Mar 31, 2013, the firm had $90.7 billion worth assets under management.
Currently, CBRE Group carries a Zacks Rank #2 (Buy). Other well performing REITs include Douglas Emmett Inc ( DEI ), Extra Space Storage Inc. ( EXR ) and DuPont Fabros Technology, Inc. ( DFT ), all of which have the same Zacks rank as CBRE Group.
CBRE GROUP INC (CBG): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
DUPONT FABROS (DFT): Free Stock Analysis Report
EXTRA SPACE STG (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.
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Other well performing REITs include Douglas Emmett Inc ( DEI ), Extra Space Storage Inc. ( EXR ) and DuPont Fabros Technology, Inc. ( DFT ), all of which have the same Zacks rank as CBRE Group. CBRE GROUP INC (CBG): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, CBRE Global Investors has been making concerted efforts to the long-term success of Atlantic Station.
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Other well performing REITs include Douglas Emmett Inc ( DEI ), Extra Space Storage Inc. ( EXR ) and DuPont Fabros Technology, Inc. ( DFT ), all of which have the same Zacks rank as CBRE Group. CBRE GROUP INC (CBG): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Significantly, CBRE Global Investors owns 3.6 million square feet of office space across Atlanta, which includes some prominent properties such as - Northcreek Office Park, The Towers at Wildwood Plaza, Wildwood Center and Platinum Tower.
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CBRE GROUP INC (CBG): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Other well performing REITs include Douglas Emmett Inc ( DEI ), Extra Space Storage Inc. ( EXR ) and DuPont Fabros Technology, Inc. ( DFT ), all of which have the same Zacks rank as CBRE Group. CBRE Global Investors - an affiliate of CBRE Group, Inc. ( CBG ) - announced the renovation of Atlantic Station's 201 17 th Street building, with the addition of professional technology and artistic suites.
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Other well performing REITs include Douglas Emmett Inc ( DEI ), Extra Space Storage Inc. ( EXR ) and DuPont Fabros Technology, Inc. ( DFT ), all of which have the same Zacks rank as CBRE Group. CBRE GROUP INC (CBG): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report DUPONT FABROS (DFT): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. CBRE Global Investors - an affiliate of CBRE Group, Inc. ( CBG ) - announced the renovation of Atlantic Station's 201 17 th Street building, with the addition of professional technology and artistic suites.
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c8c5dd2c-c5de-4beb-9604-dae1523a47d3
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725164.0
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2013-03-26 00:00:00 UTC
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Top Stocks with Big Potential Catch-Up Moves - Screen of the Week
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DEI
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https://www.nasdaq.com/articles/top-stocks-big-potential-catch-moves-screen-week-2013-03-26
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nan
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nan
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Given the recent run-up in the market, here's a screen I've been using recently for my own stock picking.
First, it focuses on the top Zacks Ranked Sectors and Industries. Then it focuses on the Zacks Rank #1s, #2s and #3s, which are Strong Buys, Buys and Holds, respectively. But then it selects the outperforming stocks with the smallest percentage price change over the last 4 weeks.
Why would I do something like that?
Here's why.
You've probably heard the old adage that roughly half of a stock's price movement can be attributed to the group that it's in. And that's true. In fact, oftentimes, even a mediocre stock in a top group will outperform a top stock in a poor group for this very reason.
Now, take a look at any top group. You'll see plenty of fantastic stocks with some impressive price gains in there. But not every stock in every group moves in lockstep at the exact same time. Some will move more than others at any given time.
So by focusing on the stocks with the smallest percentage price change with fundamentals that are just as good as those making the biggest price change, you might find yourself getting into the stocks ready to make the biggest potential catch-up move.
Here's how to set up that screen:
Best Zacks Ranked Sectors -- Best 8
We're screening for only those stocks with the best (lowest) average Zacks Rank. With 16 sectors, the best 8 sectors give us the best 50% of sectors.
Best Zacks Ranked Industries -- Best 132
Next step is to get only the best Zacks Ranked Industries coming thru. Since there are 264 'X' or expanded industries we look at, the best 132 will give us the best 50% of industries. But note that only the industries that also happen to be in the top sectors will get thru. If an industry is ranked as one of the best but it's outside of the top sector rank, it will not get thru.
Zacks Rank less than or equal to 3
Now the screen gets narrowed down even more by looking at only the Zacks Rank #1s, #2s and #3s. No Sells or Strong Sells (Zacks Rank #4s and #5s) allowed.
Price and Avg. Volume greater than or equal to $5 and 100,000 shares
Only stocks over $5 with at least an average of 100,0000 shares traded daily will be considered.
Relative % Price Change -- 4 Weeks greater than 0
This means we're screening for only those stocks that have outperformed the market (S&P 500) over the last 4 weeks.
% Change in Price -- 4 Weeks: Bottom 50
Then finally we're scanning for the bottom 50 stocks with the lowest percentage price change over the last 4 weeks. So while all of these stocks have outperformed the market, they increased in price less than their peers.
So each one of these stocks is in a top Sector and top Industry within that Sector. This alone will tip the odds of success in your favor by a great deal when you consider that the best Zacks Ranked groups outperform the worst ones by a factor of 4 to 1.
Then by selecting those stocks with the best Zacks Rank along with the best price performance over the last 4 weeks, you now have only a list of winners from which to choose from.
And from that list of winners, we're selecting the ones that have gained less than their peers on that list. Remember, these stocks aren't 'dogs' or unresponsive stocks. Quite the contrary; they have all outperformed the market. It just so happens that they increased less than the others on the list. But because they are a top rated stock in a top rated industry, we've singled these out as the ones that could make the biggest move to 'catch-up' to the others.
It's an interesting screen that has generated a lot of great names.
Here are 5 from that list:
AHT Ashford Hospitality Trust Inc.
DEI Douglas Emmett Inc.
MAN ManpowerGroup Inc.
NOC Northrop Grumman Corp.
XTEX XL Group plc
All great looking stocks that seem to have lots more upside in store for them.
Get the rest of the 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 backtesting software.
Sign up now for your two week free trial.
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: http://www.zacks.com/performance .
ASHFORD HOSPTLY (AHT): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
MANPOWER INC WI (MAN): Free Stock Analysis Report
NORTHROP GRUMMN (NOC): Free Stock Analysis Report
CROSSTEX EGY LP (XTEX): 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.
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Here are 5 from that list: AHT Ashford Hospitality Trust Inc. DEI Douglas Emmett Inc. MAN ManpowerGroup Inc. NOC Northrop Grumman Corp. XTEX XL Group plc All great looking stocks that seem to have lots more upside in store for them. ASHFORD HOSPTLY (AHT): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report NORTHROP GRUMMN (NOC): Free Stock Analysis Report CROSSTEX EGY LP (XTEX): Free Stock Analysis Report To read this article on Zacks.com click here. This alone will tip the odds of success in your favor by a great deal when you consider that the best Zacks Ranked groups outperform the worst ones by a factor of 4 to 1.
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Here are 5 from that list: AHT Ashford Hospitality Trust Inc. DEI Douglas Emmett Inc. MAN ManpowerGroup Inc. NOC Northrop Grumman Corp. XTEX XL Group plc All great looking stocks that seem to have lots more upside in store for them. ASHFORD HOSPTLY (AHT): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report NORTHROP GRUMMN (NOC): Free Stock Analysis Report CROSSTEX EGY LP (XTEX): 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.
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ASHFORD HOSPTLY (AHT): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report NORTHROP GRUMMN (NOC): Free Stock Analysis Report CROSSTEX EGY LP (XTEX): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 from that list: AHT Ashford Hospitality Trust Inc. DEI Douglas Emmett Inc. MAN ManpowerGroup Inc. NOC Northrop Grumman Corp. XTEX XL Group plc All great looking stocks that seem to have lots more upside in store for them. So by focusing on the stocks with the smallest percentage price change with fundamentals that are just as good as those making the biggest price change, you might find yourself getting into the stocks ready to make the biggest potential catch-up move.
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Here are 5 from that list: AHT Ashford Hospitality Trust Inc. DEI Douglas Emmett Inc. MAN ManpowerGroup Inc. NOC Northrop Grumman Corp. XTEX XL Group plc All great looking stocks that seem to have lots more upside in store for them. ASHFORD HOSPTLY (AHT): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report NORTHROP GRUMMN (NOC): Free Stock Analysis Report CROSSTEX EGY LP (XTEX): Free Stock Analysis Report To read this article on Zacks.com click here. First, it focuses on the top Zacks Ranked Sectors and Industries.
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723c6eb4-3d05-4086-acbb-aab2e4f5795b
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725165.0
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2013-03-25 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for March 26, 2013
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-march-26-2013-2013-03-25
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on March 26, 2013. A cash dividend payment of $0.18 per share is scheduled to be paid on April 15, 2013. Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 20% increase over the same period a year ago.
The previous trading day's last sale of DEI was $24.98, representing a -1.58% decrease from the 52 week high of $25.38 and a 19.98% increase over the 52 week low of $20.82.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). DEI's current earnings per share, an indicator of a company's profitability, is $.17. Zacks Investment Research reports DEI's forecasted earnings growth in 2013 as 4.08%, compared to an industry average of 7.6%.
For more information on the declaration, record and payment dates, visit the DEI Dividend History page.
Interested in gaining exposure to DEI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DEI as a top-10 holding:
PowerShares Fundamental Pure Small Core Portfolio ( PXSC )
PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ( PRFZ ).
The top-performing ETF of this group is PXSC with an increase of 11.07% over the last 100 days. It also has the highest percent weighting of DEI at 0.57%.
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.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports DEI's forecasted earnings growth in 2013 as 4.08%, compared to an industry average of 7.6%.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on March 26, 2013.
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEI was $24.98, representing a -1.58% decrease from the 52 week high of $25.38 and a 19.98% increase over the 52 week low of $20.82. The following ETF(s) have DEI as a top-10 holding: PowerShares Fundamental Pure Small Core Portfolio ( PXSC ) PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ( PRFZ ).
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. Douglas Emmett, Inc. ( DEI ) will begin trading ex-dividend on March 26, 2013. The previous trading day's last sale of DEI was $24.98, representing a -1.58% decrease from the 52 week high of $25.38 and a 19.98% increase over the 52 week low of $20.82.
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c97775af-64da-40b2-9098-d6ec3e83dcfe
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725166.0
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2012-12-24 00:00:00 UTC
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Douglas Emmett, Inc. (DEI) Ex-Dividend Date Scheduled for December 27, 2012
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-inc-dei-ex-dividend-date-scheduled-december-27-2012-2012-12-24
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nan
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nan
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Douglas Emmett, Inc. ( DEI ) has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $0.18 per share scheduled for January 15, 2013. Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 20% increase over the prior quarter. At the current stock price of $23.16, the dividend yield is 3.11%.
The previous trading day's last sale of DEI was $23.16, representing a -6.5% decrease from the 52 week high of $24.77 and a 27.53% increase over the 52 week low of $18.16.
DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). DEI's current earnings per share, an indicator of a company's profitability, is $.16. Zacks Investment Research reports DEI's forecasted earnings growth in 2012 as -.98%, compared to an industry average of 3.4%.
For more information on the declaration, record and payment dates, visit the DEI Dividend History page.
Interested in gaining exposure to DEI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DEI as a top-10 holding:
PowerShares Fundamental Pure Small Core Portfolio ( PXSC )
PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ( PRFZ ).
The top-performing ETF of this group is PXSC with an increase of 8.8% over the last 100 days. It also has the highest percent weighting of DEI at 0.61%.
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.
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Douglas Emmett, Inc. ( DEI ) has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $0.18 per share scheduled for January 15, 2013. Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. DEI is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ).
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Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Douglas Emmett, Inc. ( DEI ) has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $0.18 per share scheduled for January 15, 2013.
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Douglas Emmett, Inc. ( DEI ) has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $0.18 per share scheduled for January 15, 2013. Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEI was $23.16, representing a -6.5% decrease from the 52 week high of $24.77 and a 27.53% increase over the 52 week low of $18.16.
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Douglas Emmett, Inc. ( DEI ) has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $0.18 per share scheduled for January 15, 2013. Shareholders who purchased DEI stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEI was $23.16, representing a -6.5% decrease from the 52 week high of $24.77 and a 27.53% increase over the 52 week low of $18.16.
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006f1429-f9ab-46d0-b96f-737d3a758a83
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725167.0
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2012-11-06 00:00:00 UTC
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After-Hours Earnings Report for November 6, 2012 : NWSA, NWS, RAX, FNV, DOX, CBL, DEI, TWO, PRA, KAR, URS, DPM
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DEI
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https://www.nasdaq.com/articles/after-hours-earnings-report-november-6-2012-nwsa-nws-rax-fnv-dox-cbl-dei-two-pra-kar-urs
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nan
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nan
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The following companies are expected to report earnings after hours on 11/06/2012. Visit our Earnings Calendar for a full list of expected earnings releases.
News Corporation ( NWSA ) is reporting for the quarter ending September 30, 2012. The movie/tv production company's consensus earnings per share forecast from the 17 analysts that follow the stock is $0.37. This value represents a 15.63% increase compared to the same quarter last year. In the past year NWSA has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for NWSA is 14.32 vs. an industry ratio of 18.70.
News Corporation ( NWS ) is reporting for the quarter ending September 30, 2012. The publishing company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.38. This value represents a 18.75% increase compared to the same quarter last year. In the past year NWS has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for NWS is 14.25 vs. an industry ratio of 60.90.
Rackspace Hosting, Inc ( RAX ) is reporting for the quarter ending September 30, 2012. The internet services company's consensus earnings per share forecast from the 18 analysts that follow the stock is $0.19. This value represents a 35.71% increase compared to the same quarter last year. In the past year RAX has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for RAX is 86.99 vs. an industry ratio of 54.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Franco Nev Corp ( FNV ) is reporting for the quarter ending September 30, 2012. The gold mining company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.31. This value represents a -3.13% decrease compared to the same quarter last year. FNV missed the consensus earnings per share in the 2nd calendar quarter by -17.24%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for FNV is 48.62 vs. an industry ratio of 0.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Amdocs Limited ( DOX ) is reporting for the quarter ending September 30, 2012. The information technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.64. This value represents a 12.28% increase compared to the same quarter last year. DOX missed the consensus earnings per share in the 4th calendar quarter by -1.69%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DOX is 13.38 vs. an industry ratio of 9.40, implying that they will have a higher earnings growth than their competitors in the same industry.
CBL & Associates Properties, Inc. ( CBL ) is reporting for the quarter ending September 30, 2012. The reit company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.50. This value represents a 4.17% increase compared to the same quarter last year. In the past year CBL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 8.16%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for CBL is 10.79 vs. an industry ratio of 16.60.
Douglas Emmett, Inc. ( DEI ) is reporting for the quarter ending September 30, 2012. The reit company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.33. This value represents a -2.94% decrease compared to the same quarter last year. In the past year DEI has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.86%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DEI is 17.15 vs. an industry ratio of 14.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Two Harbors Investments Corp ( TWO ) is reporting for the quarter ending September 30, 2012. The reit company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.36. This value represents a -34.55% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for TWO is 8.21 vs. an industry ratio of 10.30.
ProAssurance Corporation ( PRA ) is reporting for the quarter ending September 30, 2012. The insurance (property & casualty) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.61. This value represents a 2.55% increase compared to the same quarter last year. In the past year PRA has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 26.32%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for PRA is 11.30 vs. an industry ratio of 10.20, implying that they will have a higher earnings growth than their competitors in the same industry.
KAR Auction Services, Inc ( KAR ) is reporting for the quarter ending September 30, 2012. The retail company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.25. This value represents a 4.17% increase compared to the same quarter last year. The last two quarters KAR had negative earnings surprises; the latest report they missed by -17.86%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for KAR is 19.97 vs. an industry ratio of 7.90, implying that they will have a higher earnings growth than their competitors in the same industry.
URS Corporation ( URS ) is reporting for the quarter ending September 30, 2012. The engineering company's consensus earnings per share forecast from the 15 analysts that follow the stock is $1.17. This value represents a 19.39% increase compared to the same quarter last year. The last two quarters URS had negative earnings surprises; the latest report they missed by -4.35%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for URS is 8.28 vs. an industry ratio of 14.00.
DCP Midstream Partners, LP ( DPM ) is reporting for the quarter ending September 30, 2012. The oil (production/pipeline) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.32. This value represents a 1500.00% increase compared to the same quarter last year. The last two quarters DPM had negative earnings surprises; the latest report they missed by -61.9%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DPM is 18.02 vs. an industry ratio of 3.40, implying that they will have a higher earnings growth than their competitors in the same industry.
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.
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Douglas Emmett, Inc. ( DEI ) is reporting for the quarter ending September 30, 2012. In the past year DEI has beat the expectations every quarter. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DEI is 17.15 vs. an industry ratio of 14.40, implying that they will have a higher earnings growth than their competitors in the same industry.
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Douglas Emmett, Inc. ( DEI ) is reporting for the quarter ending September 30, 2012. In the past year DEI has beat the expectations every quarter. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DEI is 17.15 vs. an industry ratio of 14.40, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2012 Price to Earnings ratio for DEI is 17.15 vs. an industry ratio of 14.40, implying that they will have a higher earnings growth than their competitors in the same industry. Douglas Emmett, Inc. ( DEI ) is reporting for the quarter ending September 30, 2012. In the past year DEI has beat the expectations every quarter.
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Douglas Emmett, Inc. ( DEI ) is reporting for the quarter ending September 30, 2012. In the past year DEI has beat the expectations every quarter. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DEI is 17.15 vs. an industry ratio of 14.40, implying that they will have a higher earnings growth than their competitors in the same industry.
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f1fef864-474e-46d8-a2b4-7f196610d88e
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725168.0
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2012-08-22 00:00:00 UTC
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Douglas Emmett Finances Warner Center Towers - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-finances-warner-center-towers-analyst-blog-2012-08-22
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nan
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nan
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In order to finance its Warner Center Towers, California-based real estate investment trust (REIT) Douglas Emmett, Inc. (DEI) obtained a loan worth $285.0 million.
The Northwestern Mutual Life Insurance Company and Prudential Mortgage Capital Company jointly provided $142.5 million each towards the loan to Douglas Emmett. The new fixed rate loan is scheduled to expire after seven years.
With total space of 1.9 million square feet, Warner Center Towers is one of Southern California's largest and best known office complexes. The campus consists of six office towers and boasts a number of prominent banking and financial services tenants.
Northwestern Mutual is a Wisconsin based company that offers financial services - including life insurance, long-term care insurance, disability insurance, annuity, mutual fund, and employee benefit services. The company primarily invests in commercial mortgages, equities and securitized investments across all major real estate property types.
Prudential Mortgage Capital Company is the full-service, commercial and multifamily mortgage lending business of Prudential Financial, Inc. (PRU) . This new financing loan continues its lending relationship with Douglas Emmett. Prudential Mortgage Capital previously provided a loan worth $355 million to finance the portfolio of Douglas Emmett in 2011.
With a geographically diverse portfolio concentrated mostly in high-income, high-growth areas, Douglas Emmett is one of the largest owners and operators of high-quality office and multi-family properties in premier coastal submarkets of Southern California and Hawaii. The company generally signs long-term leases with high credit tenants. It limits the downside risk and provides a steady source of income.
As of June 30, 2012, the company had cash and cash equivalents of $162.0 million and a consolidated debt balance of $3,256.1 million. At present the company has over 55 properties spanning approximately 14.7 million square feet.
Douglas Emmett recently reported second-quarter 2012 FFO (Funds from Operations) of 36 cents, beating the Zacks Consensus Estimate by a penny. We presently have a long-term 'Neutral' recommendation on the stock. Also, it carries a Zacks #3 Rank (a short-term Hold rating).
Note: FFO, a widely accepted and reported measure of the performance of REITs, is derived by adding depreciation, amortization and other non-cash expenses to net income.
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
PRUDENTIAL FINL (PRU): 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.
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In order to finance its Warner Center Towers, California-based real estate investment trust (REIT) Douglas Emmett, Inc. (DEI) obtained a loan worth $285.0 million. DOUGLAS EMMETT (DEI): Free Stock Analysis Report PRUDENTIAL FINL (PRU): Free Stock Analysis Report To read this article on Zacks.com click here. With a geographically diverse portfolio concentrated mostly in high-income, high-growth areas, Douglas Emmett is one of the largest owners and operators of high-quality office and multi-family properties in premier coastal submarkets of Southern California and Hawaii.
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In order to finance its Warner Center Towers, California-based real estate investment trust (REIT) Douglas Emmett, Inc. (DEI) obtained a loan worth $285.0 million. DOUGLAS EMMETT (DEI): Free Stock Analysis Report PRUDENTIAL FINL (PRU): Free Stock Analysis Report To read this article on Zacks.com click here. The Northwestern Mutual Life Insurance Company and Prudential Mortgage Capital Company jointly provided $142.5 million each towards the loan to Douglas Emmett.
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In order to finance its Warner Center Towers, California-based real estate investment trust (REIT) Douglas Emmett, Inc. (DEI) obtained a loan worth $285.0 million. DOUGLAS EMMETT (DEI): Free Stock Analysis Report PRUDENTIAL FINL (PRU): Free Stock Analysis Report To read this article on Zacks.com click here. The Northwestern Mutual Life Insurance Company and Prudential Mortgage Capital Company jointly provided $142.5 million each towards the loan to Douglas Emmett.
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In order to finance its Warner Center Towers, California-based real estate investment trust (REIT) Douglas Emmett, Inc. (DEI) obtained a loan worth $285.0 million. DOUGLAS EMMETT (DEI): Free Stock Analysis Report PRUDENTIAL FINL (PRU): Free Stock Analysis Report To read this article on Zacks.com click here. With total space of 1.9 million square feet, Warner Center Towers is one of Southern California's largest and best known office complexes.
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d2ec140c-5120-4da7-894b-74158f3f6bcc
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725169.0
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2012-07-18 00:00:00 UTC
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Douglas Emmett Obtains Term Loan - Analyst Blog
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DEI
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https://www.nasdaq.com/articles/douglas-emmett-obtains-term-loan-analyst-blog-2012-07-18
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nan
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nan
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In order to reduce its existing high level of debt, California-based real estate investment trust (REIT), Douglas Emmett, Inc. (DEI) , obtained a non-recourse secured term loan worth $285.0 million. The term loan, which is scheduled to mature on June 5, 2019, bears a fixed annual interest rate of 3.85%.
Of the total loan amount, the company intends to utilize $100 million to pay off an outstanding loan, maturing on April 1, 2015. Douglas Emmett intends to use the remainder of the proceeds for general corporate purposes.
The strategic move is aimed at lowering financing costs and improving the liquidity of the company. Douglas Emmett further expects to strengthen its balance sheet and create long-term value for its shareholders. As of March 31, 2012, the company had cash and cash equivalents of $155.5 million. The company also paid a quarterly dividend of 15 cents per share in the first quarter of 2012, which increased 15.4% from the year-ago quarter.
With a geographically diverse portfolio concentrated mostly in high-income, high-growth areas, Douglas Emmett is one of the largest owners and operators of high-quality office and multi-family properties in premier coastal submarkets of Southern California and Hawaii. The company generally signs long-term leases with high credit tenants, which limits the downside risk and provides a steady source of income. Some of the renowned tenants of Douglas Emmett include Time Warner Inc. (TWX) , The Macerich Partnership L.P., an operating arm of The Macerich Company (MAC) and Bank of America Corp. (BAC) .
The company has properties in ten vibrant submarkets - Olympic Corridor, Santa Monica, Sherman Oaks/Encino, Warner Center/Woodland Hills, Beverly Hills, Brentwood, Burbank, Century City, Honolulu and Westwood. Presently, the company has over 55 properties spanning approximately 14.7 million square feet.
Douglas Emmett is scheduled to release its second quarter 2012 earnings on July 31, 2012. The Zacks Consensus Estimate for second quarter 2012 FFO (fund from operations) is pegged at 35 cents per share. Funds from operations, a widely accepted and reported measure of REIT's performance, is derived by adding depreciation, amortization and other non-cash expenses to net income. We presently have a long-term 'Neutral' recommendation and a Zacks #3 Rank (a short-term Hold rating) on the stock.
BANK OF AMER CP (BAC): Free Stock Analysis Report
DOUGLAS EMMETT (DEI): Free Stock Analysis Report
MACERICH CO (MAC): Free Stock Analysis Report
TIME WARNER INC (TWX): 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.
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In order to reduce its existing high level of debt, California-based real estate investment trust (REIT), Douglas Emmett, Inc. (DEI) , obtained a non-recourse secured term loan worth $285.0 million. BANK OF AMER CP (BAC): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report TIME WARNER INC (TWX): Free Stock Analysis Report To read this article on Zacks.com click here. With a geographically diverse portfolio concentrated mostly in high-income, high-growth areas, Douglas Emmett is one of the largest owners and operators of high-quality office and multi-family properties in premier coastal submarkets of Southern California and Hawaii.
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BANK OF AMER CP (BAC): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report TIME WARNER INC (TWX): Free Stock Analysis Report To read this article on Zacks.com click here. In order to reduce its existing high level of debt, California-based real estate investment trust (REIT), Douglas Emmett, Inc. (DEI) , obtained a non-recourse secured term loan worth $285.0 million. Some of the renowned tenants of Douglas Emmett include Time Warner Inc. (TWX) , The Macerich Partnership L.P., an operating arm of The Macerich Company (MAC) and Bank of America Corp. (BAC) .
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In order to reduce its existing high level of debt, California-based real estate investment trust (REIT), Douglas Emmett, Inc. (DEI) , obtained a non-recourse secured term loan worth $285.0 million. BANK OF AMER CP (BAC): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report TIME WARNER INC (TWX): Free Stock Analysis Report To read this article on Zacks.com click here. Some of the renowned tenants of Douglas Emmett include Time Warner Inc. (TWX) , The Macerich Partnership L.P., an operating arm of The Macerich Company (MAC) and Bank of America Corp. (BAC) .
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In order to reduce its existing high level of debt, California-based real estate investment trust (REIT), Douglas Emmett, Inc. (DEI) , obtained a non-recourse secured term loan worth $285.0 million. BANK OF AMER CP (BAC): Free Stock Analysis Report DOUGLAS EMMETT (DEI): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report TIME WARNER INC (TWX): Free Stock Analysis Report To read this article on Zacks.com click here. Of the total loan amount, the company intends to utilize $100 million to pay off an outstanding loan, maturing on April 1, 2015.
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0d4071e7-b37a-4fea-b152-a558f1c0e38f
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725170.0
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2011-10-31 00:00:00 UTC
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Europe Update: Dexia Bailed Out, Dismantled, and Nationalized--Are Others Next?
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DEI
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https://www.nasdaq.com/articles/europe-update-dexia-bailed-out-dismantled-and-nationalized-are-others-next-2011-10-31
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nan
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nan
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(Written by Alexander Crawford. Shares shorted data sourced from Yahoo! Finance, all other data sourced from Finviz.)
About three months ago, the European Banking Authority released results from their stress tests on the largest European banks, and one of the banks that passed with flying colors was Franco-Belgian Bank Dexia SA. Just 86 days later, the bank was bailed out to avoid collapse and is now in the process of dismantling and nationalizing its Belgian unit.
This is especially frightening considering how solvent Dexia looked just three months ago – in its latest annual report, the company said it had 17 billion euros in Tier 1 capital, showing a capital ratio of 12.1 percent during the stress test.
But columnist at Bloomberg Jonathan Weil says Dexia’s downfall should not have been surprising: “Dexia got that ratio mainly by excluding the bulk of its assets — a process speciously referred to as risk-weighting — along with billions of euros of pent-up losses on soured holdings such as Greek government bonds. The denominator in the ratio got smaller, the numerator got bigger, and Dexia wound up looking like one of Europe’s safest banks.”
Weil says that according to Dexia’s balance sheet as of Dec. 31, tangible common shareholder equity was 6.7 billion euros compared with 564.5 billion euros in tangible assets, giving Dexia a 1.18% capital ratio – hardly a cushion to absorb future losses.
President of Hussman Investment Trust John Hussman thinks this exemplifies the “central problem facing the global economy,” i.e. leverage. In Hussman’s latest weekly commentary, he agrees with Weil’s suggestion that “Dexia’s demise is only the start.”
Weil cites that as of Dec. 31, there were four other European banks that passed the latest stress tests with Tier 1 capital ratios above 10% and tangible common equity ratios below 2%: France’s Credit Agricole SA, Germany’s Commerzbank AG, Landesbank Berlin AG, and Deutsche Bank AG (DB).
Do you think other banks are soon to share Dexia’s fate? For a look at the banking sector, we ran a screen on US-traded financial stocks that have seen the most attention from short sellers lately.
These 6 banking stocks are seeing high float shorts above 10%, as well as significant increases in shares shorted month-over-month.
Analyze These Ideas (Tools Will Open In A New Window)
1. Access a thorough description of all companies mentioned
2. Compare analyst ratings for all stocks mentioned below
3. Visualize annual returns for all stocks mentioned
List sorted by increase in shares shorted as a percent of share float.
1. Heckmann Corporation (HEK): A holding company that acquires or makes investments in various businesses. Market cap of $693.38M. Float short at 21.03%. Shares shorted have increased from 17.32M to 21.68M month-over-month, a change representing 4.53% of the company's 96.31M share float.
2. MGIC Investment Corp. (MTG): Through its subsidiary, Mortgage Guaranty Insurance Corporation, provides private mortgage insurance to the home mortgage lending industry in the United States. Market cap of $454.60M. Float short at 15.34%. Shares shorted have increased from 27.69M to 30.51M month-over-month, a change representing 1.51% of the company's 186.68M share float.
3. Artio Global Investors Inc. (ART): A publicly owned asset management holding company. Market cap of $456.61M. Float short at 10.47%. Shares shorted have increased from 2.63M to 3.28M month-over-month, a change representing 1.48% of the company's 43.85M share float.
4. Douglas Emmett Inc (DEI): Operates office and multifamily properties in California and Hawaii. Market cap of $2.43B. Float short at 11.03%. Shares shorted have increased from 10.86M to 12.37M month-over-month, a change representing 1.29% of the company's 117.36M share float.
5. City Holding Co. (CHCO): Operates as the bank holding company for City National Bank of West Virginia that offers community banking services to consumers and local businesses. Market cap of $516.53M. Float short at 15.69%. Shares shorted have increased from 2.10M to 2.26M month-over-month, a change representing 1.12% of the company's 14.32M share float.
6. Colony Financial, Inc. (CLNY): Focuses on acquiring, originating, and managing commercial mortgage loans and other commercial real estate-related debt investments. Market cap of $470.61M. Float short at 11.11%. Shares shorted have increased from 3.30M to 3.64M month-over-month, a change representing 1.11% of the company's 30.56M share float.
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.
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Douglas Emmett Inc (DEI): Operates office and multifamily properties in California and Hawaii. Just 86 days later, the bank was bailed out to avoid collapse and is now in the process of dismantling and nationalizing its Belgian unit. But columnist at Bloomberg Jonathan Weil says Dexia’s downfall should not have been surprising: “Dexia got that ratio mainly by excluding the bulk of its assets — a process speciously referred to as risk-weighting — along with billions of euros of pent-up losses on soured holdings such as Greek government bonds.
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Douglas Emmett Inc (DEI): Operates office and multifamily properties in California and Hawaii. This is especially frightening considering how solvent Dexia looked just three months ago – in its latest annual report, the company said it had 17 billion euros in Tier 1 capital, showing a capital ratio of 12.1 percent during the stress test. The denominator in the ratio got smaller, the numerator got bigger, and Dexia wound up looking like one of Europe’s safest banks.” Weil says that according to Dexia’s balance sheet as of Dec. 31, tangible common shareholder equity was 6.7 billion euros compared with 564.5 billion euros in tangible assets, giving Dexia a 1.18% capital ratio – hardly a cushion to absorb future losses.
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Douglas Emmett Inc (DEI): Operates office and multifamily properties in California and Hawaii. Shares shorted have increased from 17.32M to 21.68M month-over-month, a change representing 4.53% of the company's 96.31M share float. Shares shorted have increased from 27.69M to 30.51M month-over-month, a change representing 1.51% of the company's 186.68M share float.
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Douglas Emmett Inc (DEI): Operates office and multifamily properties in California and Hawaii. Shares shorted data sourced from Yahoo! These 6 banking stocks are seeing high float shorts above 10%, as well as significant increases in shares shorted month-over-month.
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587e95e1-2e6d-473d-bbaa-9908347d97bf
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725171.0
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2023-12-16 05:00:00 UTC
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4 Reasons I Think Super Micro Computer Should Be in Everyone's Portfolio
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DELL
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https://www.nasdaq.com/articles/4-reasons-i-think-super-micro-computer-should-be-in-everyones-portfolio
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nan
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nan
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You may think that this year's outperformance from artificial intelligence stocks means they're due for a correction, or at least relative underperformance in 2024.
But I think you would be wrong. With the introduction of OpenAI's ChatGPT chatbot just one year ago, we are still just at the beginning of the AI age.
For long-term investors, getting in at the relatively early stages of powerful secular long-term trends at reasonable valuations can lead to astounding long-term returns.
That's why Super Micro Computer (NASDAQ: SMCI) deserves a spot in everyone's portfolio, highlighted by these four underappreciated attributes.
1. Artificial Intelligence hardware expectations keep going higher
Sure, artificial intelligence stocks have climbed a lot this year, but this appears to be based on actual revenue and earnings growth, with AI use cases expanding and becoming, "table stakes" for any company hoping to compete in the 2020s.
Looking at one data point, look no further than the escalating predictions for AI chip growth from Advanced Micro Devices CEO Lisa Su. Su has an amazing track record as AMD's CEO, and is certainly one to be taken seriously by the investment community.
Back in June, Su predicted the AI chip market would grow from $30 billion in 2023 to $150 billion by 2027. But at AMD's recent December AI event, she greatly upped her own outlook, to a $45 billion market in 2023 growing to a stunning $400 billion market by 2027.
While some of that increase is due to non-server markets such as AI PCs, one can safely assume at least half of those chips will be in AI servers, which means Super Micro will have an awful lot of room to grow if it executes.
Super Micro has underrated advantages
Many investors regard server-makers as just "dumb box" assemblers of highly proprietary chips and networking technologies. But the higher demands of artificial intelligence mean more and more complex parts have to work together, requiring new innovations in server construction such as liquid cooling to dissipate heat from AI's intense computing demands.
That plays into the strengths of Super Micro's business model. Super Micro began as a producer of motherboards back in the 90s, before moving onto chassis, backplanes, and other components, before moving to making entire servers and now entire server rack systems. Most recently, SMCI has developed proprietary liquid cooling systems that will be required of more servers going forward in the AI age.
Basically, Super Micro started out similar to today's ODMs (original design manufacturer) which make parts and components used by other companies. ODM clients include large companies that construct their own servers (like cloud giants) or other OEMs (original equipment manufacturers) that incorporate third-party parts into their own branded servers. But Super Micro evolved from that model into its own vertically integrated system manufacturer, albeit with all its components designed and optimized in-house. That has enabled a "building block" architecture for its systems.
The result is that Super Micro can customize unique models for various needs, rather than offering a limited number of standardized models, which is the model of most OEMs. And its use of entirely in-house components allows SMCI to have incredibly fast time-to-market. It's basically the best of both the ODM and OEM worlds.
So in order to compete with SMCI, OEMs would have to change their current ways of doing business to manufacturing their own parts that they currently outsource. And ODMs specializing in one or more components would have to learn how to build entire end-to-end systems. So, it would be difficult for competitors to reconfigure their current models to compete.
Image source: Getty Images.
A reasonable valuation
While many AI-related stocks have climbed a lot this year, Super Micro only trades at 25 times trailing earnings and 15.8 times 2024 earnings estimates, with the 2024 fiscal year ending in June. That's actually a below-market multiple based on 2024 estimates, which seems quite odd given current revenue growth estimates for Super Micro of 49% in 2024 followed by another 26% estimated growth in 2025.
In contrast, rival Dell (NYSE: DELL) trades around 10 times forward earnings, but its revenue is expected to contract 13% in fiscal 2024 and only grow 4.7% in fiscal 2025 -- significantly lower than Super Micro. And Hewlett Packard Enterprise (NYSE: HPE) only trades around 8.6 times forward earnings, but its revenue is only forecast to grow 1.6% and 3.6% in each of the next two years.
So while Super Micro is slightly more expensive than its two larger rivals, it's also forecast two grow five to 10 times faster. Moreover, both Dell and HPE have relatively high debt loads, whereas Super Micro has a net cash position.
A highly motivated founder who's also a large owner
Perhaps the most overlooked part of assessing a business is looking at inside ownership, as well as the criteria for management's compensation.
Super Micro is fortunate to still be led by its visionary founder Charles Liang, who as of Super Micro's recent proxy report still owns 14.3% of the company.
That's a large amount, but if that wasn't motivation enough, Super Micro's new 2023-2028 CEO compensation plan offers even more. Over that time, Liang will only earn $1 in salary and no cash bonuses. Instead, Liang will be eligible for options to purchase up to 500,000 shares across five performance-based benchmarks, with options for 100,000 shares awarded after hitting each tranche before 2029.
What's so encouraging is that the two benchmarks encompass revenue growth and the share price, with revenue targets spanning between $13 billion and $21 billion, compared with last year's revenue of just $7.1 billion and this year's guidance for $10.5 billion. Meanwhile, share price targets range from $450 to a whopping $1,100 per share, in contrast with a roughly $273 share price today.
As a final exclamation point, all of these options have a strike price of $450 per share, which means SMCI's stock has to clear this hurdle by 2029 for Liang to earn anything!
All in all, given increased AI growth expectations, Super Micro's unique business model, and Liang's motivation to generate revenue growth and a much higher stock price, Super Micro belongs in everyone's portfolio today, in spite of its massive two-year outperformance.
Should you invest $1,000 in Super Micro Computer right now?
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Billy Duberstein has positions in Super Micro Computer and has the following options: short January 2025 $110 puts on Super Micro Computer, short January 2025 $125 puts on Super Micro Computer, short January 2025 $130 puts on Super Micro Computer, short January 2025 $280 calls on Super Micro Computer, short January 2025 $380 calls on Super Micro Computer, and short January 2025 $85 puts on Super Micro Computer. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool recommends Super Micro Computer. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In contrast, rival Dell (NYSE: DELL) trades around 10 times forward earnings, but its revenue is expected to contract 13% in fiscal 2024 and only grow 4.7% in fiscal 2025 -- significantly lower than Super Micro. Moreover, both Dell and HPE have relatively high debt loads, whereas Super Micro has a net cash position. Super Micro has underrated advantages Many investors regard server-makers as just "dumb box" assemblers of highly proprietary chips and networking technologies.
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In contrast, rival Dell (NYSE: DELL) trades around 10 times forward earnings, but its revenue is expected to contract 13% in fiscal 2024 and only grow 4.7% in fiscal 2025 -- significantly lower than Super Micro. Moreover, both Dell and HPE have relatively high debt loads, whereas Super Micro has a net cash position. A reasonable valuation While many AI-related stocks have climbed a lot this year, Super Micro only trades at 25 times trailing earnings and 15.8 times 2024 earnings estimates, with the 2024 fiscal year ending in June.
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In contrast, rival Dell (NYSE: DELL) trades around 10 times forward earnings, but its revenue is expected to contract 13% in fiscal 2024 and only grow 4.7% in fiscal 2025 -- significantly lower than Super Micro. Moreover, both Dell and HPE have relatively high debt loads, whereas Super Micro has a net cash position. All in all, given increased AI growth expectations, Super Micro's unique business model, and Liang's motivation to generate revenue growth and a much higher stock price, Super Micro belongs in everyone's portfolio today, in spite of its massive two-year outperformance.
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In contrast, rival Dell (NYSE: DELL) trades around 10 times forward earnings, but its revenue is expected to contract 13% in fiscal 2024 and only grow 4.7% in fiscal 2025 -- significantly lower than Super Micro. Moreover, both Dell and HPE have relatively high debt loads, whereas Super Micro has a net cash position. A reasonable valuation While many AI-related stocks have climbed a lot this year, Super Micro only trades at 25 times trailing earnings and 15.8 times 2024 earnings estimates, with the 2024 fiscal year ending in June.
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3b78f964-f77f-415b-9d79-35982341b908
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725172.0
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2023-12-15 00:00:00 UTC
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Dell Technologies Inc - Class C (DELL) Price Target Increased by 5.35% to 81.67
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc-class-c-dell-price-target-increased-by-5.35-to-81.67
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nan
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nan
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The average one-year price target for Dell Technologies Inc - Class C (NYSE:DELL) has been revised to 81.67 / share. This is an increase of 5.35% from the prior estimate of 77.52 dated November 26, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 53.53 to a high of 93.45 / share. The average price target represents an increase of 14.03% from the latest reported closing price of 71.62 / share.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On September 28, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of October 24, 2023 received the payment on November 3, 2023. Previously, the company paid $0.37 per share.
At the current share price of $71.62 / share, the stock's dividend yield is 2.07%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.69%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.27 (n=234).
The current dividend yield is 1.28 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.38. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.03%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1221 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is an increase of 102 owner(s) or 9.12% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.27%, an increase of 43.40%. Total shares owned by institutions increased in the last three months by 1.27% to 221,249K shares.
The put/call ratio of DELL is 0.90, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 10,974K shares representing 1.54% ownership of the company. In it's prior filing, the firm reported owning 16,564K shares, representing a decrease of 50.94%. The firm decreased its portfolio allocation in DELL by 14.81% over the last quarter.
Boston Partners holds 9,378K shares representing 1.32% ownership of the company. In it's prior filing, the firm reported owning 9,783K shares, representing a decrease of 4.32%. The firm decreased its portfolio allocation in DELL by 50.68% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 8,727K shares representing 1.23% ownership of the company. In it's prior filing, the firm reported owning 11,805K shares, representing a decrease of 35.28%. The firm decreased its portfolio allocation in DELL by 5.42% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,515K shares representing 1.06% ownership of the company. In it's prior filing, the firm reported owning 7,592K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DELL by 30.82% over the last quarter.
Arrowstreet Capital, Limited Partnership holds 7,051K shares representing 0.99% ownership of the company. In it's prior filing, the firm reported owning 6,894K shares, representing an increase of 2.22%. The firm increased its portfolio allocation in DELL by 29.48% over the last quarter.
Dell Technologies Background Information
(This description is provided by the company.)
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The average one-year price target for Dell Technologies Inc - Class C (NYSE:DELL) has been revised to 81.67 / share. Dell Technologies Inc - Class C Declares $0.37 Dividend On September 28, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized).
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The average one-year price target for Dell Technologies Inc - Class C (NYSE:DELL) has been revised to 81.67 / share. Dell Technologies Inc - Class C Declares $0.37 Dividend On September 28, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). There are 1221 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is an increase of 102 owner(s) or 9.12% in the last quarter.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On September 28, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). The average one-year price target for Dell Technologies Inc - Class C (NYSE:DELL) has been revised to 81.67 / share. There are 1221 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is an increase of 102 owner(s) or 9.12% in the last quarter.
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The average one-year price target for Dell Technologies Inc - Class C (NYSE:DELL) has been revised to 81.67 / share. Dell Technologies Inc - Class C Declares $0.37 Dividend On September 28, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). There are 1221 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is an increase of 102 owner(s) or 9.12% in the last quarter.
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44d91718-67fb-4a3b-b5b0-74f70b7f8de9
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725173.0
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2023-12-14 00:00:00 UTC
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Dell Technologies (DELL) XE9860 Servers to be Used by CoreWeave
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-xe9860-servers-to-be-used-by-coreweave
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nan
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nan
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Dell Technologies DELL recently announced that CoreWeave has purchased thousands of its PowerEdge servers. This will offer enterprises served by CorwWeave with the computing capacity they require to utilize artificial intelligence (AI) and generative AI, further strengthening their cloud platform.
CoreWeave will boost its cloud solutions with Dell PowerEdge XE9860 servers equipped with NVIDIA NVDA H100 Tensor Core GPUs, which are designed for AI, machine learning, VFX illustration and large-scale calculations.
The collaboration will allow CoreWeave to provide high-performance next-generation cloud computing even during the peak season and access thousands of accelerated Dell servers in seconds to speed up compute-intensive workloads.
CoreWeave will also utilize Dell ProSupport services to maximize the uptime of its new systems, while professional Dell managers will assist in maintaining the environment.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell’s Strong Portfolio Aids Growth
Dell’s shares have surged 80.1% year to date, outperforming the Zacks Computer and Technology Sector’s rise of 49.1%. The company is benefiting from an expanding clientele and strong partner base.
The company’s strong portfolio is helping it win market share in the AI domain.
Dell recently launched upgraded PowerScale systems that comprise improved storage solutions for higher AI and Generative AI outcomes to help users access data quickly.
It partnered with NVIDIA to upgrade NVIDIA DGX SuperPOD, which includes the NVIDIA AI Enterprise software platform, with new enterprise data storage improvements and validations.
With Dell's improved storage, NVIDIA users can accelerate their AI and Generative AI activities.
Dell's current offering, Dell Validated Design for Generative AI with NVIDIA for Model Customization, provides pre-trained models that extract insights from data, saving enterprises from having to build models from scratch.
Its expanding relationship with Microsoft MSFT is noteworthy. Dell recently launched Microsoft 365 Copilot, which will assist users in implementing scalable next-generation AI capabilities. Dell APEX File Storage recently expanded its portfolio to include Microsoft Azure.
Dell also inked an agreement with Imbue to build a new performance computing cluster to train AI agents from various domains with foundation models.
However, a tough macroeconomic environment is expected to hurt Dell’s prospects in the near term.
For the fourth quarter of 2024, Dell expects revenues between $21.5 billion and $22.5 billion. The Zacks Consensus Estimate for Dell’s revenues is pegged at $22.13 billion, indicating a decline of 11.61% year over year. The consensus estimate has risen 1.8% over the past 30 days.
The consensus mark for fourth-quarter 2024 earnings is pegged at $1.74 per share, indicating a decline of 3.3% year over year.
The Zacks Consensus Estimates for fiscal 2024 revenues is pegged at $88.24 billion, indicating a fall of 13.75% from fiscal 2023 levels.
For fiscal 2024, Dell’s earnings are expected to be in the band of $6.53-$6.73 per share. The consensus estimate for fiscal 2024 earnings is pegged at $6.60 per share, up 6.33% over the past 30 days and indicating a decline of 13.27% year over year.
Zacks Rank & Stock to Consider
Dell currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology sector is Flex FLEX, which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Flex shares have gained 33.6% in the year-to-date period. Flex’s long-term earnings growth rate is currently projected at 12.4%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Microsoft Corporation (MSFT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Flex Ltd. (FLEX) : 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.
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CoreWeave will boost its cloud solutions with Dell PowerEdge XE9860 servers equipped with NVIDIA NVDA H100 Tensor Core GPUs, which are designed for AI, machine learning, VFX illustration and large-scale calculations. The collaboration will allow CoreWeave to provide high-performance next-generation cloud computing even during the peak season and access thousands of accelerated Dell servers in seconds to speed up compute-intensive workloads. Dell also inked an agreement with Imbue to build a new performance computing cluster to train AI agents from various domains with foundation models.
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Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell’s Strong Portfolio Aids Growth Dell’s shares have surged 80.1% year to date, outperforming the Zacks Computer and Technology Sector’s rise of 49.1%. Dell recently launched upgraded PowerScale systems that comprise improved storage solutions for higher AI and Generative AI outcomes to help users access data quickly. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell’s Strong Portfolio Aids Growth Dell’s shares have surged 80.1% year to date, outperforming the Zacks Computer and Technology Sector’s rise of 49.1%. The Zacks Consensus Estimate for Dell’s revenues is pegged at $22.13 billion, indicating a decline of 11.61% year over year. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Consensus Estimate for Dell’s revenues is pegged at $22.13 billion, indicating a decline of 11.61% year over year. Dell Technologies DELL recently announced that CoreWeave has purchased thousands of its PowerEdge servers. CoreWeave will boost its cloud solutions with Dell PowerEdge XE9860 servers equipped with NVIDIA NVDA H100 Tensor Core GPUs, which are designed for AI, machine learning, VFX illustration and large-scale calculations.
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ba0f8fc7-f7d6-45fc-94cd-a4b1eea01fdd
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725174.0
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2023-12-13 00:00:00 UTC
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Intel says dozens of PC makers are using its new AI-enabled chip
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DELL
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https://www.nasdaq.com/articles/intel-says-dozens-of-pc-makers-are-using-its-new-ai-enabled-chip
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nan
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nan
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By Stephen Nellis
Dec 14 (Reuters) - Intel INTC.O on Thursday said that dozens of personal computer makers are using its newest chip, as the company and its customers try to entice consumers to upgrade their machines for a new era of chatbots.
At a press event in New York, Intel said the new offering will be available in laptops from Dell Technologies DELL.N, Microsoft MSFT.O, Lenovo Group 0992.HK and others that will go on sale on Thursday at Best Buy BBY.N in the U.S. and other global retailers including China's JD.com 9618.HK and Australia's Harvey Norman HVN.AX.
Intel shares rose as much as 3.6% after the news.
Intel's central processor units (CPUs) have long served as the brains of most personal computers. But the new chip that went by the code name "Meteor Lake" is Intel's first that will also contain what is called an neural processing unit (NPU), a section of the chip dedicated to handling artificial intelligence tasks.
Intel's pitch to consumers and businesses comes as it is fighting its way out of a post-pandemic PC slump where buyers who upgraded to work from home in 2020 have seen little reason to buy new equipment.
Intel Chief Executive Pat Gelsinger said during the event that Intel believes using its chips will make AI services cheaper, faster and more private than using services based in cloud data centers.
"That will be the star of the show in this coming year," Gelsinger said of AI on PCs. "You're unleashing this power for every person, every use case, every location in the future."
During a demonstration of the new chip in September, the company showed some examples of AI work that it hoped would spur interest, such as transcribing voice notes without having to send data to a third-party cloud provider or generating a song in the style of pop star Taylor Swift.
Intel on Thursday also showed what it said was the first working version of a chip called Gaudi 3, which it hopes will challenge NvidiaNVDA.O in the data center AI market.
(Reporting by Stephen Nellis in San Francisco; Editing by Jamie Freed)
((Stephen.Nellis@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At a press event in New York, Intel said the new offering will be available in laptops from Dell Technologies DELL.N, Microsoft MSFT.O, Lenovo Group 0992.HK and others that will go on sale on Thursday at Best Buy BBY.N in the U.S. and other global retailers including China's JD.com 9618.HK and Australia's Harvey Norman HVN.AX. By Stephen Nellis Dec 14 (Reuters) - Intel INTC.O on Thursday said that dozens of personal computer makers are using its newest chip, as the company and its customers try to entice consumers to upgrade their machines for a new era of chatbots. During a demonstration of the new chip in September, the company showed some examples of AI work that it hoped would spur interest, such as transcribing voice notes without having to send data to a third-party cloud provider or generating a song in the style of pop star Taylor Swift.
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At a press event in New York, Intel said the new offering will be available in laptops from Dell Technologies DELL.N, Microsoft MSFT.O, Lenovo Group 0992.HK and others that will go on sale on Thursday at Best Buy BBY.N in the U.S. and other global retailers including China's JD.com 9618.HK and Australia's Harvey Norman HVN.AX. Intel Chief Executive Pat Gelsinger said during the event that Intel believes using its chips will make AI services cheaper, faster and more private than using services based in cloud data centers. During a demonstration of the new chip in September, the company showed some examples of AI work that it hoped would spur interest, such as transcribing voice notes without having to send data to a third-party cloud provider or generating a song in the style of pop star Taylor Swift.
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At a press event in New York, Intel said the new offering will be available in laptops from Dell Technologies DELL.N, Microsoft MSFT.O, Lenovo Group 0992.HK and others that will go on sale on Thursday at Best Buy BBY.N in the U.S. and other global retailers including China's JD.com 9618.HK and Australia's Harvey Norman HVN.AX. By Stephen Nellis Dec 14 (Reuters) - Intel INTC.O on Thursday said that dozens of personal computer makers are using its newest chip, as the company and its customers try to entice consumers to upgrade their machines for a new era of chatbots. Intel Chief Executive Pat Gelsinger said during the event that Intel believes using its chips will make AI services cheaper, faster and more private than using services based in cloud data centers.
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At a press event in New York, Intel said the new offering will be available in laptops from Dell Technologies DELL.N, Microsoft MSFT.O, Lenovo Group 0992.HK and others that will go on sale on Thursday at Best Buy BBY.N in the U.S. and other global retailers including China's JD.com 9618.HK and Australia's Harvey Norman HVN.AX. By Stephen Nellis Dec 14 (Reuters) - Intel INTC.O on Thursday said that dozens of personal computer makers are using its newest chip, as the company and its customers try to entice consumers to upgrade their machines for a new era of chatbots. Intel on Thursday also showed what it said was the first working version of a chip called Gaudi 3, which it hopes will challenge NvidiaNVDA.O in the data center AI market.
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60ffbf09-9566-4e04-b708-067625e0626b
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725175.0
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2023-12-12 00:00:00 UTC
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Validea's Top Information Technology Stocks Based On Joel Greenblatt - 12/13/2023
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DELL
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https://www.nasdaq.com/articles/valideas-top-information-technology-stocks-based-on-joel-greenblatt-12-13-2023
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nan
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nan
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The following are the top rated Information Technology stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
HP INC (HPQ) is a large-cap value stock in the Computer Hardware industry. The rating according to our strategy based on Joel Greenblatt is 100% 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: HP Inc. is a global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Its segments include Personal Systems, Printing and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers (PCs), workstations, thin clients, commercial mobility devices, retail point-of-sale (POS) systems, displays and peripherals, software, support and services. The Printing segment provides consumer and commercial printer hardware, supplies, services and solutions. The Printing segment is also focused on graphics and three-dimensional (3D) imaging solutions in the commercial and industrial markets. The Corporate Investments segment includes HP Labs and certain business incubation and investment projects.
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.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of HP INC
HPQ Guru Analysis
HPQ Fundamental Analysis
DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. The rating according to our strategy based on Joel Greenblatt is 90% 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: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services. The Company operates through two segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). Its ISG segment enables the Company's customers' digital transformation with solutions that address the fundamental shift to multi-cloud environments, machine learning, artificial intelligence, and data analytics. The Company's storage portfolio includes traditional as well as next-generation storage solutions, including all-flash arrays, scale-out file, object platforms, hyperconverged infrastructure, and software-defined storage. This segment also offers attached software, peripherals, and services. The CSG segment includes sales to commercial and consumer customers of branded hardware and branded peripherals, as well as services and third-party software and peripherals.
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.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of DELL TECHNOLOGIES INC
DELL Guru Analysis
DELL Fundamental Analysis
CISCO SYSTEMS INC (CSCO) is a large-cap value stock in the Communications Equipment industry. The rating according to our strategy based on Joel Greenblatt is 80% 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: Cisco Systems, Inc. designs and sells a range of technologies that power the Internet. It is integrating its platforms across networking, security, collaboration, applications and the cloud. Its segments include the Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). Its product categories include Secure, Agile Networks; Internet for the Future; Collaboration; End-to-End Security; Optimized Application Experiences, and Other Products. Secure, Agile Networks consists of its core networking technologies of switching, enterprise routing, wireless, and compute products. Internet for the Future consists of its routed optical networking, public fifth generation (5G), silicon, and optics solutions. Collaboration consists of its meetings, collaboration devices, calling, contact center and communication platform as a service (CPaaS) offering. End-to-End Security consists of cloud and application security, industrial security and other offering.
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.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of CISCO SYSTEMS INC
CSCO Guru Analysis
CSCO Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
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.
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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis CISCO SYSTEMS INC (CSCO) is a large-cap value stock in the Communications Equipment industry.
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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis CISCO SYSTEMS INC (CSCO) is a large-cap value stock in the Communications Equipment industry. Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services.
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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis CISCO SYSTEMS INC (CSCO) is a large-cap value stock in the Communications Equipment industry. Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services.
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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis CISCO SYSTEMS INC (CSCO) is a large-cap value stock in the Communications Equipment industry.
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28de2958-d82f-4c06-8b3a-936061ae4b97
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725176.0
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2023-12-11 00:00:00 UTC
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Add Up The Pieces: LRGF Could Be Worth $51
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DELL
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https://www.nasdaq.com/articles/add-up-the-pieces%3A-lrgf-could-be-worth-%2451
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares U.S. Equity Factor ETF (Symbol: LRGF), we found that the implied analyst target price for the ETF based upon its underlying holdings is $51.31 per unit.
With LRGF trading at a recent price near $46.78 per unit, that means that analysts see 9.69% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of LRGF's underlying holdings with notable upside to their analyst target prices are Workiva Inc (Symbol: WK), Procore Technologies Inc (Symbol: PCOR), and Dell Technologies Inc (Symbol: DELL). Although WK has traded at a recent price of $96.20/share, the average analyst target is 21.36% higher at $116.75/share. Similarly, PCOR has 17.96% upside from the recent share price of $59.57 if the average analyst target price of $70.27/share is reached, and analysts on average are expecting DELL to reach a target price of $79.47/share, which is 14.77% above the recent price of $69.24. Below is a twelve month price history chart comparing the stock performance of WK, PCOR, and DELL:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares U.S. Equity Factor ETF LRGF $46.78 $51.31 9.69%
Workiva Inc WK $96.20 $116.75 21.36%
Procore Technologies Inc PCOR $59.57 $70.27 17.96%
Dell Technologies Inc DELL $69.24 $79.47 14.77%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
Cheap Stocks With Potential
SLVM Options Chain
Funds Holding HMPR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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iShares U.S. Equity Factor ETF LRGF $46.78 $51.31 9.69% Workiva Inc WK $96.20 $116.75 21.36% Procore Technologies Inc PCOR $59.57 $70.27 17.96% Dell Technologies Inc DELL $69.24 $79.47 14.77% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of LRGF's underlying holdings with notable upside to their analyst target prices are Workiva Inc (Symbol: WK), Procore Technologies Inc (Symbol: PCOR), and Dell Technologies Inc (Symbol: DELL). Similarly, PCOR has 17.96% upside from the recent share price of $59.57 if the average analyst target price of $70.27/share is reached, and analysts on average are expecting DELL to reach a target price of $79.47/share, which is 14.77% above the recent price of $69.24.
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Three of LRGF's underlying holdings with notable upside to their analyst target prices are Workiva Inc (Symbol: WK), Procore Technologies Inc (Symbol: PCOR), and Dell Technologies Inc (Symbol: DELL). Similarly, PCOR has 17.96% upside from the recent share price of $59.57 if the average analyst target price of $70.27/share is reached, and analysts on average are expecting DELL to reach a target price of $79.47/share, which is 14.77% above the recent price of $69.24. iShares U.S. Equity Factor ETF LRGF $46.78 $51.31 9.69% Workiva Inc WK $96.20 $116.75 21.36% Procore Technologies Inc PCOR $59.57 $70.27 17.96% Dell Technologies Inc DELL $69.24 $79.47 14.77% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, PCOR has 17.96% upside from the recent share price of $59.57 if the average analyst target price of $70.27/share is reached, and analysts on average are expecting DELL to reach a target price of $79.47/share, which is 14.77% above the recent price of $69.24. Three of LRGF's underlying holdings with notable upside to their analyst target prices are Workiva Inc (Symbol: WK), Procore Technologies Inc (Symbol: PCOR), and Dell Technologies Inc (Symbol: DELL). Below is a twelve month price history chart comparing the stock performance of WK, PCOR, and DELL: Below is a summary table of the current analyst target prices discussed above:
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iShares U.S. Equity Factor ETF LRGF $46.78 $51.31 9.69% Workiva Inc WK $96.20 $116.75 21.36% Procore Technologies Inc PCOR $59.57 $70.27 17.96% Dell Technologies Inc DELL $69.24 $79.47 14.77% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of LRGF's underlying holdings with notable upside to their analyst target prices are Workiva Inc (Symbol: WK), Procore Technologies Inc (Symbol: PCOR), and Dell Technologies Inc (Symbol: DELL). Similarly, PCOR has 17.96% upside from the recent share price of $59.57 if the average analyst target price of $70.27/share is reached, and analysts on average are expecting DELL to reach a target price of $79.47/share, which is 14.77% above the recent price of $69.24.
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78a037b7-b642-4c6a-baa5-9e38c2285dfe
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725177.0
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2023-12-10 00:00:00 UTC
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The 3 Best Cheap Stocks to Buy in December
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DELL
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https://www.nasdaq.com/articles/the-3-best-cheap-stocks-to-buy-in-december
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The rising market in 2023 has not lifted all boats. Some stocks look extremely cheap right now. This offers investors an opportunity to buy shares of great companies at distressed prices and ride them higher in coming months and years. While some stocks are down for good reason, many have been dragged lower by cyclical economic factors, sector trends, and poor investor sentiment that are beyond the company’s control.
This is the time investors should pounce and take advantage of stocks that are trading at low multiples. After all, the goal is still to buy low and sell high, right? Let’s explore the three best cheap stocks to buy in December.
AbbVie (ABBV)
Source: Valeriya Zankovych / Shutterstock.com
Pharmaceutical giant AbbVie’s (NYSE:ABBV) stock looks cheap right now, having fallen 10% in 2023 and not far from its 52-week low.
The pharma company’s share price has been brought low by valid concerns. The first is that its top-selling arthritis medication, Humira, is losing its patent protection. Also, ABBV is subject to competition from cheaper generic alternatives. Humira has been one of the top-selling medications in the world for over a decade. AbbVie racked up $21 billion in sales during 2022 alone.
But AbbVie isn’t taking the patent expiration lying down. The company has been on a tear lately as it acquires new companies and the medications that come with them. Most recently, AbbVie announced that it is buying neuroscience drug maker Cerevel Therapeutics (NASDAQ:CERE) for $8.7 billion. That deal will give AbbVie access to Cerevel’s psychiatric and neurological disorder medications. Also, AbbVie announced that it is buying cancer drug maker ImmunoGen (NASDAQ:IMGN) for nearly $10 billion.
It likely won’t be long before AbbVie is back at the top of the pharmaceutical sales charts.
Dell Technologies (DELL)
Source: Jonathan Weiss / Shutterstock.com
Buy the pullback in Dell Technologies’ (NYSE:DELL) stock. Shares of the personal computer (PC) manufacturer have fallen 6% since it announced mixed third-quarter financial results.
The company reported earnings per share (EPS) of $1.88, which was well above the Wall Street consensus of $1.46 a share. However, Dell’s revenue totaled $22.30 billion, down 10% from a year ago and below the $23 billion that analysts had forecast.
Dell said that its revenues continue to be challenged by ongoing weakness in corporate PC demand. But, company executives say that they expect a rebound in corporate PC sales globally over the course of 2024. Additionally, Dell is expected to get a lift in the year ahead from artificial intelligence (AI). The company said that its backlog for AI-optimized servers doubled sequentially in the most recent quarter. In fact, Dell shipped over $500 million of AI-optimized severs during Q3.
Despite the post-earnings drawdown, DELL stock has risen 65% in 2023. Trading at 18 times future earnings estimates, the stock still looks affordable. Plus, it pays one of the best dividends of any tech security with a quarterly payout of 37 cents a share, giving it a yield of 2.19%. And finally, Dell bought back $744 million of its own stock in Q3.
Chevron (CVX)
Source: Jeff Whyte / Shutterstock.com
Oil prices continue to slump with West Texas Intermediate (WTI) crude oil currently trading at $70 a barrel, down from more than $90 earlier this year.
The drop in crude prices has dragged the stock of U.S. oil major Chevron (NYSE:CVX) down with it. CVX stock has declined 18% in 2023 and hovering near a 52-week low. Trading at just 10 times future earnings estimates, Chevron’s stock looks cheap. Also, it pays a quarterly dividend that yields 4.21%.
Additionally, weighing on CVX stock right now and helping to pull it lower than other oil securities, is its proposed $53 billion acquisition of Hess Corp. (NYSE:HES). Chevron is offering $171 for each share of Hess. The deal is valued at $60 billion, including some Hess debt that Chevron has agreed to absorb. Analysts have raised doubts about whether the deal is necessary or not, and investors appear to be taking a wait-and-see approach. Regardless, there’s no doubt that CVX stock is cheap right now.
On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post The 3 Best Cheap Stocks to Buy in December appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) Source: Jonathan Weiss / Shutterstock.com Buy the pullback in Dell Technologies’ (NYSE:DELL) stock. However, Dell’s revenue totaled $22.30 billion, down 10% from a year ago and below the $23 billion that analysts had forecast. Dell said that its revenues continue to be challenged by ongoing weakness in corporate PC demand.
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Dell Technologies (DELL) Source: Jonathan Weiss / Shutterstock.com Buy the pullback in Dell Technologies’ (NYSE:DELL) stock. However, Dell’s revenue totaled $22.30 billion, down 10% from a year ago and below the $23 billion that analysts had forecast. Dell said that its revenues continue to be challenged by ongoing weakness in corporate PC demand.
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Dell Technologies (DELL) Source: Jonathan Weiss / Shutterstock.com Buy the pullback in Dell Technologies’ (NYSE:DELL) stock. However, Dell’s revenue totaled $22.30 billion, down 10% from a year ago and below the $23 billion that analysts had forecast. Dell said that its revenues continue to be challenged by ongoing weakness in corporate PC demand.
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Dell Technologies (DELL) Source: Jonathan Weiss / Shutterstock.com Buy the pullback in Dell Technologies’ (NYSE:DELL) stock. However, Dell’s revenue totaled $22.30 billion, down 10% from a year ago and below the $23 billion that analysts had forecast. Dell said that its revenues continue to be challenged by ongoing weakness in corporate PC demand.
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e552e62b-1075-4f0b-a88b-8450388d4f19
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725178.0
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2023-12-08 00:00:00 UTC
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Dell Technologies (DELL) Aids Customers With New Upgrades
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-aids-customers-with-new-upgrades
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nan
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nan
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Dell Technologies' DELL is offering upgraded PowerScale systems that comprise improved storage solutions for higher AI and Generative AI outcomes. The systems are well-equipped to help users access data quickly.
Dell PowerScale has an advanced smart scale-out capability to boost single-computer node performance. These utilize GPUs in a much better way, resulting in quicker storage throughput for AI training, checkpointing, and inferencing. Enterprises can create, train, refine and infer AI models more quickly with PowerScale OneFS software upgrades.
Dell recently partnered with NVIDIA NVDA to upgrade NVIDIA DGX SuperPOD, which includes the NVIDIA AI Enterprise software platform, with new enterprise data storage improvements and validations. With Dell's improved storage, users will be able to accelerate their AI and Generative AI activities.
Dell’s Rides on Strong Portfolio
Dell’s shares are up 70.5% year to date against the Zacks Computer and Technology Sector’s rise of 43.6%. It is benefiting from an expanding clientele and strong partner base.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
The company’s strong portfolio is helping it win market share in the AI domain.
Dell's latest service, the Dell Validated Design for Generative AI with NVIDIA for Model Customization, provides pre-trained models that extract insights from data, saving businesses from having to construct models from the beginning.
Model tweaking and inferencing are now supported in Dell Validated Designs for Generative AI. The system is backed by the Dell PowerEdge XE9680 AI server or the Dell PowerEdge XE8640, with NVIDIA Tensor Core GPUs and NVIDIA AI Enterprise software, comprising frameworks, pre-trained models and development tools that include the NVIDIA NeMo framework and Dell software.
Dell’s expanding relationship with Microsoft MSFT is noteworthy.
Dell recently launched Microsoft 365 Copilot to help users implement scalable next-generation AI capabilities. Dell APEX File Storage recently added Microsoft Azure to its portfolio.
Dell also inked an agreement with Imbue to build a new performance computing cluster to train AI agents from various domains with foundation models.
A tough macroeconomic environment is expected to hurt Dell’s prospects in the near term.
For the fourth quarter of 2024, Dell expects revenues between $21.5 billion and $22.5 billion. The Zacks Consensus Estimate for Dell’s revenues is pegged at $22.13 billion, indicating a decline of 11.61% year over year.
The consensus mark for fourth-quarter 2024 earnings is pegged at $1.74 per share, down 3.3% over the past 30 days and suggesting a decline of 3.3% year over year.
The Zacks Consensus Estimates for fiscal 2024 revenues is pegged at $88.24 billion, indicating a fall of 13.75% from fiscal 2023 levels.
For the fiscal 2024, Dell’s earnings are expected to be in the band of $6.53-$6.73 per share. The consensus estimate for fiscal 2024 earnings is pegged at $6.60 per share, up 4.3% over the past 30 days and indicating a decline of 13.27% year over year.
Zacks Rank & A Stock to Consider
Dell currently has a Zacks Rank #3 (Hold).
Badger Meter BMI is a top-ranked stock in the broader sector. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Badger Meter’s shares have gained 36.1% in the year-to-date period. Badger Meter’s long-term earnings growth rate is currently projected at 35.8%.
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This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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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.
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Dell recently launched Microsoft 365 Copilot to help users implement scalable next-generation AI capabilities. Dell also inked an agreement with Imbue to build a new performance computing cluster to train AI agents from various domains with foundation models. Dell Technologies' DELL is offering upgraded PowerScale systems that comprise improved storage solutions for higher AI and Generative AI outcomes.
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Dell recently partnered with NVIDIA NVDA to upgrade NVIDIA DGX SuperPOD, which includes the NVIDIA AI Enterprise software platform, with new enterprise data storage improvements and validations. The system is backed by the Dell PowerEdge XE9680 AI server or the Dell PowerEdge XE8640, with NVIDIA Tensor Core GPUs and NVIDIA AI Enterprise software, comprising frameworks, pre-trained models and development tools that include the NVIDIA NeMo framework and Dell software. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell’s Rides on Strong Portfolio Dell’s shares are up 70.5% year to date against the Zacks Computer and Technology Sector’s rise of 43.6%. The system is backed by the Dell PowerEdge XE9680 AI server or the Dell PowerEdge XE8640, with NVIDIA Tensor Core GPUs and NVIDIA AI Enterprise software, comprising frameworks, pre-trained models and development tools that include the NVIDIA NeMo framework and Dell software. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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With Dell's improved storage, users will be able to accelerate their AI and Generative AI activities. Dell’s Rides on Strong Portfolio Dell’s shares are up 70.5% year to date against the Zacks Computer and Technology Sector’s rise of 43.6%. For the fiscal 2024, Dell’s earnings are expected to be in the band of $6.53-$6.73 per share.
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68c742e7-4b98-497a-85f6-ec50fec2adca
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725179.0
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2023-12-08 00:00:00 UTC
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AMD Stock (NASDAQ:AMD): Will AI-Fueled Rally Lose Steam?
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DELL
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https://www.nasdaq.com/articles/amd-stock-nasdaq%3Aamd%3A-will-ai-fueled-rally-lose-steam
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nan
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nan
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Advanced Micro Devices (NASDAQ:AMD) stock has skyrocketed year-to-date, thanks to the AI (Artificial Intelligence)-powered rally. However, the company’s management left its 2024 guidance unchanged despite the acceleration in AI opportunities. This raises concern and hints that a rally fueled by AI could lose steam.
But before we dig deeper, let’s understand AMD’s AI opportunity.
AMD – The AI Opportunity
According to its CEO, Lisa Su, AI presents a multi-billion-dollar growth opportunity for AMD. Further, the company recently launched the MI300X accelerator, its AI offering, to compete with Nvidia (NASDAQ:NVDA). Adding to these positives, the company announced at its Advancing AI event on Wednesday that top companies like Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Dell Technologies (NYSE:DELL), and other renowned players adopted new AMD Instinct MI300X and MI300A data center AI accelerators for training and inference solutions.
Further, Su added that while AI presents plenty of growth opportunities, the data center accelerator TAM (total addressable market) is expected to grow from the initial $150 billion prediction to over $400 billion by 2027, at a rate of more than 70% annually. All these points indicate that AMD stock will benefit from the AI-led tailwinds.
The Concerns Surrounding AMD Stock
While the AI TAM outlook has increased, AMD’s management has left the Data Center GPU revenue forecast unchanged for 2024, which raises concern. Speaking at the Barclays Global Technology Conference on December 7, AMD’s CFO Jean Hu reiterated the earlier guidance and expects the Data Center GPU revenue to surpass $2 billion in 2024.
Highlighting the same, Mizuho Securities analyst Vijay Rakesh said, “There is some investor concern on AMD not raising its AI or overall 2024 outlook despite the higher TAM.” Nonetheless, Rakesh maintained a Buy rating on AMD stock on December 6. However, his price target of $130 indicates a limited upside potential of 1.27% from current levels.
What is the Prediction for AMD Stock?
Wall Street analysts are cautiously optimistic about AMD stock. With 25 Buy and nine Hold recommendations, AMD stock has a Moderate Buy consensus rating. Further, the average AMD stock price target of $129.45 implies 0.84% upside potential from current levels.
Bottom Line
The unchanged 2024 guidance despite growing TAM, near-term weakness in the Gaming and Embedded segments, and the significant rally in its share price could limit the upside potential in AMD stock. This is reflected in analysts’ average price target.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adding to these positives, the company announced at its Advancing AI event on Wednesday that top companies like Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Dell Technologies (NYSE:DELL), and other renowned players adopted new AMD Instinct MI300X and MI300A data center AI accelerators for training and inference solutions. Speaking at the Barclays Global Technology Conference on December 7, AMD’s CFO Jean Hu reiterated the earlier guidance and expects the Data Center GPU revenue to surpass $2 billion in 2024. Bottom Line The unchanged 2024 guidance despite growing TAM, near-term weakness in the Gaming and Embedded segments, and the significant rally in its share price could limit the upside potential in AMD stock.
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Adding to these positives, the company announced at its Advancing AI event on Wednesday that top companies like Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Dell Technologies (NYSE:DELL), and other renowned players adopted new AMD Instinct MI300X and MI300A data center AI accelerators for training and inference solutions. Further, Su added that while AI presents plenty of growth opportunities, the data center accelerator TAM (total addressable market) is expected to grow from the initial $150 billion prediction to over $400 billion by 2027, at a rate of more than 70% annually. The Concerns Surrounding AMD Stock While the AI TAM outlook has increased, AMD’s management has left the Data Center GPU revenue forecast unchanged for 2024, which raises concern.
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Adding to these positives, the company announced at its Advancing AI event on Wednesday that top companies like Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Dell Technologies (NYSE:DELL), and other renowned players adopted new AMD Instinct MI300X and MI300A data center AI accelerators for training and inference solutions. The Concerns Surrounding AMD Stock While the AI TAM outlook has increased, AMD’s management has left the Data Center GPU revenue forecast unchanged for 2024, which raises concern. Highlighting the same, Mizuho Securities analyst Vijay Rakesh said, “There is some investor concern on AMD not raising its AI or overall 2024 outlook despite the higher TAM.” Nonetheless, Rakesh maintained a Buy rating on AMD stock on December 6.
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Adding to these positives, the company announced at its Advancing AI event on Wednesday that top companies like Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Dell Technologies (NYSE:DELL), and other renowned players adopted new AMD Instinct MI300X and MI300A data center AI accelerators for training and inference solutions. However, the company’s management left its 2024 guidance unchanged despite the acceleration in AI opportunities. Further, Su added that while AI presents plenty of growth opportunities, the data center accelerator TAM (total addressable market) is expected to grow from the initial $150 billion prediction to over $400 billion by 2027, at a rate of more than 70% annually.
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84460bb8-dee1-4e45-a413-b2ebd7fb0bc8
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725180.0
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2023-12-07 00:00:00 UTC
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Why AI Will Drive Major PC Market Growth Next Year
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DELL
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https://www.nasdaq.com/articles/why-ai-will-drive-major-pc-market-growth-next-year
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Back in the 1990s, at the dawn of the internet, computer makers like Dell (DELL) and HP (HPQ) were the hottest stocks on Wall Street. During that time, the PC market grew like wildfire as consumers rushed to buy computers and get connected to the internet.
But by the 2010s, the market became saturated. Most people already had a desktop computer… and a laptop… and a tablet.
So, the market stopped growing. Global PC sales have been flat since about 2015. As a result, PC stocks have been flat, too.
In other words, over the past decade, the PC market hit a wall – and those stocks have gone absolutely nowhere.
But we could be looking at the start of a PC upgrade “supercycle” in 2024 and ’20’25, which could – for the first time in over 20 years – make PC stocks the hottest stocks on Wall Street again.
It may finally be time for those “old school” stocks to soar once again.
And it’s all thanks to AI.
An AI-Driven PC Boom?
In 2024, both Dell and HP plan to launch the first generation of what they’re calling “AI PCs” – PCs with artificial intelligence built into them.
They’ll come with the standard Central Processing Unit (CPUs) and Graphics Processing Unit (GPUs) that all advanced computers are outfitted with today. But they’ll also have Neural Processing Units (NPUs), which allow for AI to be run locally on the computers themselves.
And we’re confident that these next-gen PCs will unlock the next wave of AI productivity benefits.
Today, the only way to access AI is through the cloud. Users go to a website or mobile application, and a third-party cloud service provider delivers the AI service. This is called the AI-as-a-Service (AIaaS) model.
Typically, in this model, the cloud service provider gains access to users’ data and charges a fee for them to use that service regularly. Not to mention, it also requires the internet to use it.
But with AI PCs, there won’t be any data-sharing or recurring fees. Users will have artificial intelligence running locally and privately on their own computer. And they’ll be able to use it whenever, wherever – even without an internet connection.
Imagine being on your computer, pulling up Microsoft Office or Excel, and boom; there’s an AI assistant right there to help you craft whatever document or spreadsheet you’re working on.
You don’t need to open a separate window for ChatGPT or download and pay for Copilot. You just tap into the AI that is already built into your computer.
That is the widely-accessible future that AI PCs will usher in next year.
And we think this future has huge economic potential.
The PC Market Could Turn Red-Hot in a Flash
Obviously, on the consumer side of things, it’s easy to see how these AI PCs become ubiquitous. One person buys one. Then everyone around them realizes how cool it is to have artificial intelligence built into your own computer. And suddenly, we see a major snowball effect, where everyone wants and gets their own AI PC.
But the bigger potential here lies on the enterprise side of things – because that’s where the benefits of these next-gen PCs will really shine.
It’s costly for a company to buy every employee a license to ChatGPT or Copilot. It’s also scary to openly share all your data with cloud AI platforms. But at the same time, it’s now absolutely necessary for companies to get the power of artificial intelligence into their employees’ hands.
And the only way to deploy artificial intelligence while minimizing cost and protecting data is to use AI PCs.
Therefore, we believe that when Dell and HP launch their AI PCs in 2024 and ‘25, companies across America will go on an AI PC shopping spree. It’s very likely that your next company laptop will be an AI PC.
What does that mean for the sleepy PC market?
Explosive growth for the first time in 20 years.
The Final Word
According to research firm Canalys, the global PC market is set to grow by 8% in 2024 after contracting in both 2022 and ‘23. Then it’s expected to rise another ~20% in 2025.
And this coming AI PC supercycle is creating some compelling opportunities in PC stocks.
DELL only trades at 9.8X next year’s earnings estimates. HPQ trades at 8X next year’s earnings.
Those are dirt-cheap multiples. They only make sense if Dell and HP aren’t going to grow over the next few years. But both companies could grow by more than 10% over the next two years.
Therefore, DELL and HPQ offer two underrated and undervalued ways to play the AI Boom.
I wouldn’t be surprised if these AI PC stocks go parabolic next year and end up being some of the market’s biggest winners.
But in fact, these AI PC stocks aren’t my favorite way to play the AI trend in 2024.
Rather, that spot is reserved for a different stock – one that is trading for just over $3 per share and could easily soar above $30 next year.
Uncover the full details about that tiny stock before it skyrockets.
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The post Why AI Will Drive Major PC Market Growth Next Year appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Back in the 1990s, at the dawn of the internet, computer makers like Dell (DELL) and HP (HPQ) were the hottest stocks on Wall Street. In 2024, both Dell and HP plan to launch the first generation of what they’re calling “AI PCs” – PCs with artificial intelligence built into them. Therefore, we believe that when Dell and HP launch their AI PCs in 2024 and ‘25, companies across America will go on an AI PC shopping spree.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Back in the 1990s, at the dawn of the internet, computer makers like Dell (DELL) and HP (HPQ) were the hottest stocks on Wall Street. In 2024, both Dell and HP plan to launch the first generation of what they’re calling “AI PCs” – PCs with artificial intelligence built into them. Therefore, we believe that when Dell and HP launch their AI PCs in 2024 and ‘25, companies across America will go on an AI PC shopping spree.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Back in the 1990s, at the dawn of the internet, computer makers like Dell (DELL) and HP (HPQ) were the hottest stocks on Wall Street. Therefore, we believe that when Dell and HP launch their AI PCs in 2024 and ‘25, companies across America will go on an AI PC shopping spree. In 2024, both Dell and HP plan to launch the first generation of what they’re calling “AI PCs” – PCs with artificial intelligence built into them.
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In 2024, both Dell and HP plan to launch the first generation of what they’re calling “AI PCs” – PCs with artificial intelligence built into them. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Back in the 1990s, at the dawn of the internet, computer makers like Dell (DELL) and HP (HPQ) were the hottest stocks on Wall Street. Therefore, we believe that when Dell and HP launch their AI PCs in 2024 and ‘25, companies across America will go on an AI PC shopping spree.
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a2cb24ce-6c0a-47c5-8efb-4e9f11d982b4
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725181.0
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2023-12-07 00:00:00 UTC
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AMD Strengthens Portfolio With New AI & Data Center Products
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DELL
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https://www.nasdaq.com/articles/amd-strengthens-portfolio-with-new-ai-data-center-products
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nan
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nan
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Advanced Micro Devices AMD is expanding its portfolio with the launch of the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators. The company also introduced the ROCm 6 open software stack with significant optimizations and new features supporting Large Language Models.
The latest Ryzen 8040 series mobile processors, when combined with Ryzen AI NPU on-die, extend AMD’s leadership position in the AI-supported PC markets. The processor is fast, with the Ryzen 9 8945HS offering up to 64% faster video editing and up to 37% faster 3D rendering than the competition. It is expected to attract gamers as the new series offers up to 77% faster gaming performance.
The latest Ryzen 8040 series is based on AMD Zen 4 processor architecture and supports advanced LPDDR5 memory. In combination with Radeon graphics and select systems powered by AMD XDNA architecture, the new processors are designed for creative professionals, gamers and mainstream users looking for a powerful laptop capable of running advanced AI experiences.
Systems leveraging Ryzen 8040 series processors will be globally available from leading original equipment manufacturers, including Acer, Asus, Dell Technologies DELL, HP, Lenovo and Razer, beginning in 2024.
AMD has also made Ryzen AI widely available, which now makes developers capable of building and deploying machine learning models trained in PyTorch or TensorFlow and run them on select laptops powered by Ryzen AI.
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote
New Accelerators Expand Data Center Footprint
AMD is expanding its data center footprint with the new Instinct MI300X accelerator. It combines CDNA 3 architecture and Zen 4 CPUs to deliver robust performance for HPC and AI workloads. Partners like Microsoft, Oracle and Dell are already using the accelerators in its systems.
Microsoft MSFT is using AMD’s Instinct accelerator portfolio in its new Azure ND MI300x v5 virtual machine series, optimized for AI workloads.
Moreover, Oracle’s ORCL Cloud Infrastructure plans to add AMD Instinct MI300X-based bare metal instances to its high-performance accelerated computing instances for AI.
Dell recently demonstrated its PowerEdge XE9680 server that features eight AMD Instinct MI300 series accelerators and the new Dell Validated Design for Generative AI with AMD ROCm-powered AI frameworks.
AMD, along with its partners, continues to offer solutions that enable greater data center consolidation. Its partnerships with the likes of Dell, Microsoft, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts.
These factors are expected to boost AMD’s prospects in the near term. This Zacks Rank #3 (Hold) company expects fourth-quarter 2023 revenues to be $6.1 billion (+/-$300 million), which indicates year-over-year growth of 9% and 5% sequentially at the mid-point. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMD expects to witness year-over-year growth in the Data Center and Client segments by double-digit percentage. Sequentially, the Data Center segment’s revenues are expected to grow on a double-digit percentage, while Client is expected to increase.
The Zacks Consensus Estimate for fourth-quarter 2023 revenues is pegged at $6.11 billion, indicating 9.2% year-over-year growth. The consensus estimate for earnings is pegged at 77 cents per share, suggesting 11.59% year-over-year growth.
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Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
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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.
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Systems leveraging Ryzen 8040 series processors will be globally available from leading original equipment manufacturers, including Acer, Asus, Dell Technologies DELL, HP, Lenovo and Razer, beginning in 2024. Partners like Microsoft, Oracle and Dell are already using the accelerators in its systems. Dell recently demonstrated its PowerEdge XE9680 server that features eight AMD Instinct MI300 series accelerators and the new Dell Validated Design for Generative AI with AMD ROCm-powered AI frameworks.
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Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report To read this article on Zacks.com click here. Systems leveraging Ryzen 8040 series processors will be globally available from leading original equipment manufacturers, including Acer, Asus, Dell Technologies DELL, HP, Lenovo and Razer, beginning in 2024. Partners like Microsoft, Oracle and Dell are already using the accelerators in its systems.
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Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report To read this article on Zacks.com click here. Systems leveraging Ryzen 8040 series processors will be globally available from leading original equipment manufacturers, including Acer, Asus, Dell Technologies DELL, HP, Lenovo and Razer, beginning in 2024. Partners like Microsoft, Oracle and Dell are already using the accelerators in its systems.
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Partners like Microsoft, Oracle and Dell are already using the accelerators in its systems. Systems leveraging Ryzen 8040 series processors will be globally available from leading original equipment manufacturers, including Acer, Asus, Dell Technologies DELL, HP, Lenovo and Razer, beginning in 2024. Dell recently demonstrated its PowerEdge XE9680 server that features eight AMD Instinct MI300 series accelerators and the new Dell Validated Design for Generative AI with AMD ROCm-powered AI frameworks.
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50c3ea9f-fd3f-432b-bf08-5bfd63efb54c
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725182.0
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2023-12-04 00:00:00 UTC
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Is the Options Market Predicting a Spike in Dell Technologies (DELL) Stock?
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DELL
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https://www.nasdaq.com/articles/is-the-options-market-predicting-a-spike-in-dell-technologies-dell-stock
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nan
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nan
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Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 19, 2024 $65 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Currently, Dell Technologies is a Zacks Rank #3 (Hold) in the Computers - IT Services industry that ranks in the Top 23% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.80 per share to $1.79 in that period.
Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
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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.
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Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Currently, Dell Technologies is a Zacks Rank #3 (Hold) in the Computers - IT Services industry that ranks in the Top 23% of our Zacks Industry Rank.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company?
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Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company?
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Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately.
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c991d29a-790c-4a95-88e4-41a4ab8049dc
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725183.0
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2023-12-03 00:00:00 UTC
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Validea's Top Information Technology Stocks Based On Joel Greenblatt - 12/3/2023
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DELL
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https://www.nasdaq.com/articles/valideas-top-information-technology-stocks-based-on-joel-greenblatt-12-3-2023
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nan
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nan
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The following are the top rated Information Technology stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. The rating according to our strategy based on Joel Greenblatt is 90% 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: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services. The Company operates through two segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). Its ISG segment enables the Company's customers' digital transformation with solutions that address the fundamental shift to multi-cloud environments, machine learning, artificial intelligence, and data analytics. The Company's storage portfolio includes traditional as well as next-generation storage solutions, including all-flash arrays, scale-out file, object platforms, hyperconverged infrastructure, and software-defined storage. This segment also offers attached software, peripherals, and services. The CSG segment includes sales to commercial and consumer customers of branded hardware and branded peripherals, as well as services and third-party software and peripherals.
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.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of DELL TECHNOLOGIES INC
DELL Guru Analysis
DELL Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
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.
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DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
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Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services.
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Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services.
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Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services.
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20ecfc79-0597-4f5f-a0f2-b8fbb9dc3921
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725184.0
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2023-12-03 00:00:00 UTC
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Mixed Signals Muddle Intel's PC Comeback
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DELL
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https://www.nasdaq.com/articles/mixed-signals-muddle-intels-pc-comeback
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nan
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nan
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Global shipments of PCs have been declining for the past two years following a pandemic-era splurge by consumers and businesses. Lower end-market demand coupled with excessive inventory levels across the PC supply chain has been wreaking havoc on the PC chip businesses of both Intel (NASDAQ: INTC) and Advanced Micro Devices.
There now appears to be light at the end of the tunnel. Gartner expects PC shipments to return to growth in the fourth quarter, and Canalys is calling for 5% growth in the fourth quarter and 8% growth in 2024. These forecasts hinge on an improving macroeconomic environment and an upgrade cycle driven by artificial intelligence (AI)-enabled laptops.
Canalys expects 19% of PCs shipped next year to be AI-capable, which would include Apple's M-series Macs and systems built around Intel's upcoming Meteor Lake processors. Meteor Lake chips will feature dedicated AI hardware, enabling some AI tasks to run without requiring a cloud-based service and without bogging down the central processing unit (CPU) or graphics processing unit (GPU).
Not so fast
While optimism surrounding a PC recovery appears to be building, at least one data point suggests the recovery may be slower than expected. PC giant Dell Technologies (NYSE: DELL) reported its third-quarter results last week, and the company's guidance was surprisingly pessimistic. One caveat is that Dell's quarters don't align with the calendar quarters, so it's not quite an apples-to-apples comparison. Even so, Dell is clearly being conservative with its outlook.
Dell's client solutions group, which contains PCs and PC-related products, suffered an 11% year-over-year revenue decline in the fiscal third quarter. That's not too surprising, given the global PC market stumbled in the calendar third quarter.
Looking ahead to Dell's fiscal fourth quarter, which kicked off on Nov. 4, the company expects client solutions group revenue to decline by a low single-digit percentage compared to the fiscal third quarter. Dell's results may not be a great proxy for the PC market as a whole, but it is the third-largest vendor globally. For global PC shipments to grow on a year-over-year basis in the calendar fourth quarter, they would need to increase from the third quarter.
Dell did note in its earnings presentation that it's excited about AI-enabled PCs and Arm-based Windows devices and that it expects these developments to drive a PC refresh cycle. But that refresh cycle may not begin in earnest until sometime in 2024, based on Dell's outlook.
Uncertainty reigns
The big question is whether the innovations coming in the PC industry will trigger users to upgrade. Many consumers and businesses bought new PCs during the first two years of the pandemic. There needs to be something big to convince those users that an upgrade is in order.
Intel's Meteor Lake has the potential to be exciting enough to trigger an upgrade cycle. These are the first PC chips from Intel that are disaggregated, with multiple tiles stitched together. This brings potential improvements to performance and efficiency, as Intel can use different manufacturing technologies for each tile. The CPU tile will use Intel's brand-new Intel 4 process, the first from the company to employ extreme ultraviolet (EUV) lithography, while the GPU tile will use a 5nm process from TSMC.
Meteor Lake will also feature a neural processing unit, which can accelerate AI workloads while freeing up the CPU and GPU. Some big software companies are already on board. Premiere Pro from Adobe, for example, can make use of dedicated AI hardware to power features like Auto Reframe and Scene Edit Detection. For power users and creatives, Meteor Lake systems could be compelling.
The economy and consumer spending are wildcards, though. There may be a limited appetite for new PCs throughout 2024 despite innovative products. And it's anyone's guess where the PC market will settle once the pandemic is far enough in the rearview mirror. Prior to the pandemic, global PC shipments were stuck in a slow decline.
Part of Intel's turnaround requires a recovery in PC demand. It will happen eventually, but it may take longer than some are expecting.
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Timothy Green has positions in Intel. The Motley Fool has positions in and recommends Adobe, Advanced Micro Devices, Apple, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Gartner and Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2024 $420 calls on Adobe, long January 2025 $45 calls on Intel, and short January 2024 $430 calls on Adobe. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell did note in its earnings presentation that it's excited about AI-enabled PCs and Arm-based Windows devices and that it expects these developments to drive a PC refresh cycle. PC giant Dell Technologies (NYSE: DELL) reported its third-quarter results last week, and the company's guidance was surprisingly pessimistic. One caveat is that Dell's quarters don't align with the calendar quarters, so it's not quite an apples-to-apples comparison.
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PC giant Dell Technologies (NYSE: DELL) reported its third-quarter results last week, and the company's guidance was surprisingly pessimistic. One caveat is that Dell's quarters don't align with the calendar quarters, so it's not quite an apples-to-apples comparison. Even so, Dell is clearly being conservative with its outlook.
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PC giant Dell Technologies (NYSE: DELL) reported its third-quarter results last week, and the company's guidance was surprisingly pessimistic. One caveat is that Dell's quarters don't align with the calendar quarters, so it's not quite an apples-to-apples comparison. Even so, Dell is clearly being conservative with its outlook.
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PC giant Dell Technologies (NYSE: DELL) reported its third-quarter results last week, and the company's guidance was surprisingly pessimistic. One caveat is that Dell's quarters don't align with the calendar quarters, so it's not quite an apples-to-apples comparison. Even so, Dell is clearly being conservative with its outlook.
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a3ed03f2-e236-4e79-876e-3ffb95dcf4d8
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725185.0
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2023-12-01 00:00:00 UTC
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Technology Sector Update for 12/01/2023: ESTC, IOT, DELL, XLK, XSD
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-12-01-2023%3A-estc-iot-dell-xlk-xsd
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nan
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nan
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Technology stocks were leaning lower pre-bell Friday, with the Technology Select Sector SPDR Fund (XLK) was down 0.3% and the SPDR S&P Semiconductor ETF (XSD) recently declining by 0.3%.
Elastic (ESTC) was gaining more than 21% in value after it reported fiscal Q2 non-GAAP diluted earnings of $0.37 per share, compared with a breakeven a year earlier. Analysts polled by Capital IQ expected $0.24.
Samsara (IOT) was more than 14% higher after it reported fiscal Q3 non-GAAP diluted EPS of $0.04, compared with a loss of $0.02 a year earlier. Analysts polled by Capital IQ expected normalized earnings of $0.01.
Dell Technologies (DELL) was slipping past 4% after it reported fiscal Q3 non-GAAP diluted EPS of $1.88, down from $2.30 a year earlier.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) was slipping past 4% after it reported fiscal Q3 non-GAAP diluted EPS of $1.88, down from $2.30 a year earlier. Technology stocks were leaning lower pre-bell Friday, with the Technology Select Sector SPDR Fund (XLK) was down 0.3% and the SPDR S&P Semiconductor ETF (XSD) recently declining by 0.3%. Elastic (ESTC) was gaining more than 21% in value after it reported fiscal Q2 non-GAAP diluted earnings of $0.37 per share, compared with a breakeven a year earlier.
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Dell Technologies (DELL) was slipping past 4% after it reported fiscal Q3 non-GAAP diluted EPS of $1.88, down from $2.30 a year earlier. Samsara (IOT) was more than 14% higher after it reported fiscal Q3 non-GAAP diluted EPS of $0.04, compared with a loss of $0.02 a year earlier. Analysts polled by Capital IQ expected normalized earnings of $0.01.
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Dell Technologies (DELL) was slipping past 4% after it reported fiscal Q3 non-GAAP diluted EPS of $1.88, down from $2.30 a year earlier. Elastic (ESTC) was gaining more than 21% in value after it reported fiscal Q2 non-GAAP diluted earnings of $0.37 per share, compared with a breakeven a year earlier. Samsara (IOT) was more than 14% higher after it reported fiscal Q3 non-GAAP diluted EPS of $0.04, compared with a loss of $0.02 a year earlier.
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Dell Technologies (DELL) was slipping past 4% after it reported fiscal Q3 non-GAAP diluted EPS of $1.88, down from $2.30 a year earlier. Technology stocks were leaning lower pre-bell Friday, with the Technology Select Sector SPDR Fund (XLK) was down 0.3% and the SPDR S&P Semiconductor ETF (XSD) recently declining by 0.3%. Elastic (ESTC) was gaining more than 21% in value after it reported fiscal Q2 non-GAAP diluted earnings of $0.37 per share, compared with a breakeven a year earlier.
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16bae31a-206c-4be9-84ce-a87821eb7a60
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725186.0
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2023-12-01 00:00:00 UTC
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Why C3.ai Rallied Today
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DELL
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https://www.nasdaq.com/articles/why-c3.ai-rallied-today-0
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nan
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nan
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Shares of artificial intelligence software maker C3.ai (NYSE: AI) rallied 6% on Friday on a great day for AI stocks.
The software company reports earnings next week, and investors may be buying ahead of that event. After all, today saw not one but several bullish data points and commentary around AI stocks, both on the hardware and software side.
Interest rates also continued falling today, which tend to benefit low- or no-profit growth stocks. So it's no wonder that C3.ai soared to end the week.
C3.ai's peers are bullish on artificial intelligence, with results to back it up
On Thursday night, a number of C3.ai's peers in data analytics software reported stronger-than-expected earnings. Two big examples were Elastic (NYSE: ESTC), which rallied 37% today, and UiPath (NYSE: PATH), which rallied 27%.
Like C3.ai, both of these enterprise software stocks help businesses use data to become more productive. Elastic allows businesses to search their own databases to help analysts find the specific data that they're looking to analyze, and UiPath helps automate menial tasks through the use of data and machine learning. Although both companies existed in data analytics before the past year's generative AI revolution, each is also benefiting from generative AI tools.
Both companies, obviously, reported solid growth and optimism about the AI-powered future last night. In the postearnings conference call Elastic CEO Ash Kulkarni noted "customer excitement and engagement" around how generative AI applications could automatically draw data from Elastic's Elasticsearch Relevance Engine. Similarly, UiPath also noted it has infused its robotic process automation (RPA) suite with new generative AI features, powering an acceleration of growth.
There was also other bullish commentary today from other AI business leaders. The CEO of server maker HP Enterprise (NYSE: HPE) said that AI had reached "an inflection point" at a company conference in Barcelona earlier today. On its recent earnings release, HP's high-performance computing and artificial intelligence segment revenue was up 37%. Meanwhile, HPE peer Dell (NYSE: DELL) reported earlier this week. While the company missed on muted PC results, its server business grew sequentially, and AI-optimized server demand doubled sequentially.
And if that weren't good enough, the yield on the 10-year Treasury bond fell further today, below 4.23%, plunging well below its October highs of 5%.
That's very helpful for unprofitable stocks like C3.ai, which theoretically will have profits one day, but likely far in the future.
But investors should still be cautious about C3.ai
It should still be noted that investors should be cautious about C3.ai specifically. Although it has "AI" in its name, it may not be as big of an AI beneficiary as some other software stocks. In addition, the company is growing more slowly than Elastic and UiPath while also being less profitable.
Last quarter, C3.ai only grew 10.8%, well below the 17% growth for Elastic and 24% growth that UiPath just posted. In addition, C3.ai still forecast for significant adjusted (non-GAAP) operating losses of $70 million to $100 million this fiscal year. While both UiPath and Elastic are still generating GAAP losses due to stock-based compensation, each is currently posting adjusted operating profits.
Since it's still unclear if C3.ai is an AI contender or pretender, investors may not want to chase the stock based on Elastic's or UiPath's results ahead of next week's C3.ai report.
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Billy Duberstein has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Elastic and UiPath. The Motley Fool recommends C3.ai. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, HPE peer Dell (NYSE: DELL) reported earlier this week. Similarly, UiPath also noted it has infused its robotic process automation (RPA) suite with new generative AI features, powering an acceleration of growth. The CEO of server maker HP Enterprise (NYSE: HPE) said that AI had reached "an inflection point" at a company conference in Barcelona earlier today.
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Meanwhile, HPE peer Dell (NYSE: DELL) reported earlier this week. Shares of artificial intelligence software maker C3.ai (NYSE: AI) rallied 6% on Friday on a great day for AI stocks. The CEO of server maker HP Enterprise (NYSE: HPE) said that AI had reached "an inflection point" at a company conference in Barcelona earlier today.
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Meanwhile, HPE peer Dell (NYSE: DELL) reported earlier this week. Shares of artificial intelligence software maker C3.ai (NYSE: AI) rallied 6% on Friday on a great day for AI stocks. Since it's still unclear if C3.ai is an AI contender or pretender, investors may not want to chase the stock based on Elastic's or UiPath's results ahead of next week's C3.ai report.
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Meanwhile, HPE peer Dell (NYSE: DELL) reported earlier this week. Shares of artificial intelligence software maker C3.ai (NYSE: AI) rallied 6% on Friday on a great day for AI stocks. Last quarter, C3.ai only grew 10.8%, well below the 17% growth for Elastic and 24% growth that UiPath just posted.
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5c8708af-5bce-45e9-8680-5b55e094114e
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725187.0
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2023-12-01 00:00:00 UTC
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Friday Sector Laggards: Computers, Insurance Brokers
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DELL
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https://www.nasdaq.com/articles/friday-sector-laggards%3A-computers-insurance-brokers
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nan
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nan
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In trading on Friday, computers shares were relative laggards, down on the day by about 0.2%. Helping drag down the group were shares of Dell Technologies, off about 4.1% and shares of Diebold Nixdorf down about 2.5% on the day.
Also lagging the market Friday are insurance brokers shares, up on the day by about 0.3% as a group, led down by Corebridge Financial, trading lower by about 3.5% and Goosehead Insurance, trading lower by about 2%.
VIDEO: Friday Sector Laggards: Computers, Insurance Brokers
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Helping drag down the group were shares of Dell Technologies, off about 4.1% and shares of Diebold Nixdorf down about 2.5% on the day. In trading on Friday, computers shares were relative laggards, down on the day by about 0.2%. Also lagging the market Friday are insurance brokers shares, up on the day by about 0.3% as a group, led down by Corebridge Financial, trading lower by about 3.5% and Goosehead Insurance, trading lower by about 2%.
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Helping drag down the group were shares of Dell Technologies, off about 4.1% and shares of Diebold Nixdorf down about 2.5% on the day. In trading on Friday, computers shares were relative laggards, down on the day by about 0.2%. Also lagging the market Friday are insurance brokers shares, up on the day by about 0.3% as a group, led down by Corebridge Financial, trading lower by about 3.5% and Goosehead Insurance, trading lower by about 2%.
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Helping drag down the group were shares of Dell Technologies, off about 4.1% and shares of Diebold Nixdorf down about 2.5% on the day. Also lagging the market Friday are insurance brokers shares, up on the day by about 0.3% as a group, led down by Corebridge Financial, trading lower by about 3.5% and Goosehead Insurance, trading lower by about 2%. VIDEO: Friday Sector Laggards: Computers, Insurance Brokers The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Helping drag down the group were shares of Dell Technologies, off about 4.1% and shares of Diebold Nixdorf down about 2.5% on the day. In trading on Friday, computers shares were relative laggards, down on the day by about 0.2%. Also lagging the market Friday are insurance brokers shares, up on the day by about 0.3% as a group, led down by Corebridge Financial, trading lower by about 3.5% and Goosehead Insurance, trading lower by about 2%.
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8209b7aa-94ac-4cd0-8ec3-779eb87ff930
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725188.0
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2023-12-01 00:00:00 UTC
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Dell (NYSE:DELL): What’s Ahead for This Trending Reddit Stock?
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DELL
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https://www.nasdaq.com/articles/dell-nyse%3Adell%3A-whats-ahead-for-this-trending-reddit-stock
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nan
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nan
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Shares of Dell Technologies (NYSE:DELL) are among the most-discussed stocks on the social media platform Reddit. While this trending Reddit stock has outperformed the broader markets so far this year and gained significantly in value, analysts’ average price target implies limited upside potential in DELL stock over the next 12 months.
With this backdrop, let’s understand what’s in store for Dell shareholders in the future.
What is the Prediction for DELL Stock?
Dell stock has risen significantly in value despite declining sales. The rally in its shares is backed by investors’ optimism regarding the strong demand for its AI (Artificial Intelligence) servers. Additionally, the company’s focus on enhancing efficiency amid a challenging sales landscape and its focus on returning cash to its shareholders acted as catalysts.
Dell recently delivered Q3 earnings and noted that the AI-optimized server backlog nearly doubled sequentially, with a multibillion-dollar sales pipeline. While AI-led demand remains strong, weakness in the PC market and enterprise and large corporate customers taking a cautious stance in the challenging macro environment limits the upside potential in its share price.
Overall, Wall Street analysts are bullish about DELL stock. Of the 12 analysts covering the stock, 11 recommend a Buy, and one has a Sell, translating into a Strong Buy consensus rating. Further, analysts' average price target of $79.80 implies a limited upside potential of 5.18% from current levels.
Bottom Line
Dell stock has delivered stellar returns so far this year. Meanwhile, the momentum in AI servers and a solid pipeline augur well for growth. However, the weakness in the PC market restricts the upside potential of this trending Reddit stock, reflected in analysts’ average price target.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell recently delivered Q3 earnings and noted that the AI-optimized server backlog nearly doubled sequentially, with a multibillion-dollar sales pipeline. Shares of Dell Technologies (NYSE:DELL) are among the most-discussed stocks on the social media platform Reddit. While this trending Reddit stock has outperformed the broader markets so far this year and gained significantly in value, analysts’ average price target implies limited upside potential in DELL stock over the next 12 months.
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While this trending Reddit stock has outperformed the broader markets so far this year and gained significantly in value, analysts’ average price target implies limited upside potential in DELL stock over the next 12 months. Shares of Dell Technologies (NYSE:DELL) are among the most-discussed stocks on the social media platform Reddit. With this backdrop, let’s understand what’s in store for Dell shareholders in the future.
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Shares of Dell Technologies (NYSE:DELL) are among the most-discussed stocks on the social media platform Reddit. While this trending Reddit stock has outperformed the broader markets so far this year and gained significantly in value, analysts’ average price target implies limited upside potential in DELL stock over the next 12 months. With this backdrop, let’s understand what’s in store for Dell shareholders in the future.
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Shares of Dell Technologies (NYSE:DELL) are among the most-discussed stocks on the social media platform Reddit. While this trending Reddit stock has outperformed the broader markets so far this year and gained significantly in value, analysts’ average price target implies limited upside potential in DELL stock over the next 12 months. With this backdrop, let’s understand what’s in store for Dell shareholders in the future.
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44518e0e-d259-4bff-ac4a-3fbe71f970ad
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725189.0
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2023-12-01 00:00:00 UTC
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DELL Q3 Earnings Beat Estimates, Lower Storage Hurt Revenues
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DELL
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https://www.nasdaq.com/articles/dell-q3-earnings-beat-estimates-lower-storage-hurt-revenues
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Dell Technologies DELL reported third-quarter fiscal 2024 non-GAAP earnings of $1.88 per share, beating the Zacks Consensus Estimate by 27.89%. The bottom line declined 18% year over year.
Revenues, on a non-GAAP basis, decreased 10% year over year to $22.25 billion and lagged the consensus mark by 2.91%. Recurring revenues increased 4% year over year to $5.6 billion.
Product revenues decreased 14% year over year to $16.23 billion. The company witnessed increased pricing pressure in the reported quarter.
Services revenues rose 4% year over year to $6.02 billion.
Dell Technologies Inc. Price, Consensus and EPS Surprise
Dell Technologies Inc. price-consensus-eps-surprise-chart | Dell Technologies Inc. Quote
Dell shares were down 5.48% in after-hours trading following the results. Shares have gained 88.6% year to date compared with the Zacks Computer & Technology sector’s return of 45.1%.
Top-Line Detail
Infrastructure Solutions Group (“ISG”) revenues declined 12% year over year to $8.499 billion.
The downside can be attributed to a 10% decrease in servers and networking revenues that totaled $4.66 billion. Storage revenues fell 13% year over year to $3.84 billion.
Orders roughly doubled sequentially and increased to approximately 33% of Dell’s server orders revenues in the reported quarter.
AI-optimized server backlog approximately doubled on a sequential basis. Dell’s multi-billion-dollar sales pipeline is substantially higher compared with the end of the fiscal second quarter.
Client Solutions Group (“CSG”) revenues were $12.28 billion, down 11% year over year. Commercial revenues declined 8% year over year to $9.84 billion. Consumer revenues were down 19% to $2.44 billion.
Operating Details
Dell’s fiscal third-quarter non-GAAP gross profit decreased 10% year over year to $5.28 billion. The gross margin stayed at 23.7%.
SG&A expenses declined 15% year over year to $3.27 billion. Research and development expenses were up 4% year over year to $677 million in the reported quarter.
Non-GAAP operating expenses decreased 5% year over year to $3.31 billion. Operating expenses, as a percentage of revenues, increased 80 bps on a year-over-year basis to 14.9%.
The non-GAAP operating income was $1.96 billion, down 17% year over year. The operating margin contracted 80 bps year over year to 8.8%.
The ISG segment’s operating income decreased 22% year over year to $1.07 billion. Meanwhile, the CSG segment’s operating income was $925 million, down 13% year over year.
Balance Sheet
As of Nov 3, 2023, DELL had $8.298 billion in cash and cash equivalents.
Debt was $26.617 billion as of Nov 3, 2023.
The company generated a cash flow of $2.2 billion in the fiscal third quarter.
Dell returned $744 million to its shareholders through share repurchases and paid $266 million in dividends.
Guidance
For the fourth quarter of fiscal 2024, revenues are expected between $21.5 billion and $22.5 billion.
Sequentially, Dell expects ISG revenues to increase mid-single digits, driven by sequential growth in traditional servers and seasonal growth in storage. It expects CSG revenues to be down low-single digits sequentially.
Earnings are expected to be $1.70 per share (+/- 10 cents).
For fiscal 2024, earnings are expected to be $6.63 per share (+/- 10 cents).
Zacks Rank & Stocks to Consider
Dell currently has a Zacks Rank #3 (Hold).
ASANA ASAN, Science Applications International SAIC and Adobe ADBE are some better-ranked stocks that investors can consider in the broader sector, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ASANA shares have gained 48.9% year to date. ASAN is set to report its third-quarter fiscal 2024 results on Dec 5.
Science Applications International shares have declined 5.8% year to date. SAIC is set to report its third-quarter fiscal 2024 results on Dec 4.
Adobe shares have returned 81.5% year to date. ADBE is set to report its fourth-quarter fiscal 2023 results on Dec 13.
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Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Adobe Inc. (ADBE) : Free Stock Analysis Report
Science Applications International Corporation (SAIC) : Free Stock Analysis Report
Asana, Inc. (ASAN) : 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.
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Dell’s multi-billion-dollar sales pipeline is substantially higher compared with the end of the fiscal second quarter. Dell Technologies DELL reported third-quarter fiscal 2024 non-GAAP earnings of $1.88 per share, beating the Zacks Consensus Estimate by 27.89%. Dell Technologies Inc. Price, Consensus and EPS Surprise Dell Technologies Inc. price-consensus-eps-surprise-chart | Dell Technologies Inc. Quote Dell shares were down 5.48% in after-hours trading following the results.
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Dell Technologies DELL reported third-quarter fiscal 2024 non-GAAP earnings of $1.88 per share, beating the Zacks Consensus Estimate by 27.89%. Operating Details Dell’s fiscal third-quarter non-GAAP gross profit decreased 10% year over year to $5.28 billion. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report Asana, Inc. (ASAN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Operating Details Dell’s fiscal third-quarter non-GAAP gross profit decreased 10% year over year to $5.28 billion. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report Asana, Inc. (ASAN) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL reported third-quarter fiscal 2024 non-GAAP earnings of $1.88 per share, beating the Zacks Consensus Estimate by 27.89%.
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Dell Technologies DELL reported third-quarter fiscal 2024 non-GAAP earnings of $1.88 per share, beating the Zacks Consensus Estimate by 27.89%. Dell Technologies Inc. Price, Consensus and EPS Surprise Dell Technologies Inc. price-consensus-eps-surprise-chart | Dell Technologies Inc. Quote Dell shares were down 5.48% in after-hours trading following the results. Orders roughly doubled sequentially and increased to approximately 33% of Dell’s server orders revenues in the reported quarter.
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2b92bac2-e6b9-4cc2-b004-e5f6a89219cd
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725190.0
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2023-11-30 00:00:00 UTC
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Dell Technologies (DELL) Reports Q3 Earnings: What Key Metrics Have to Say
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-reports-q3-earnings%3A-what-key-metrics-have-to-say
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Dell Technologies (DELL) reported $22.25 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 10%. EPS of $1.88 for the same period compares to $2.30 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $22.92 billion, representing a surprise of -2.91%. The company delivered an EPS surprise of +27.89%, with the consensus EPS estimate being $1.47.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenue- Client Solutions Group: $12.28 billion compared to the $13.06 billion average estimate based on three analysts. The reported number represents a change of -10.9% year over year.
Net Revenue- Infrastructure Solutions Group: $8.50 billion compared to the $8.47 billion average estimate based on three analysts. The reported number represents a change of -11.7% year over year.
Net Revenue- Other businesses: $1.47 billion compared to the $1.43 billion average estimate based on three analysts. The reported number represents a change of +12.3% year over year.
Net Revenue- Client Solutions Group- Consumer: $2.44 billion versus $2.60 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -19.4% change.
Net Revenue- Infrastructure Solutions Group- Storage: $3.84 billion versus the three-analyst average estimate of $3.99 billion. The reported number represents a year-over-year change of -13.2%.
Net Revenue- Client Solutions Group- Commercial: $9.84 billion versus the three-analyst average estimate of $10.45 billion. The reported number represents a year-over-year change of -8.5%.
Net Revenue- Infrastructure Solutions Group- Servers and networking: $4.66 billion versus the three-analyst average estimate of $4.48 billion. The reported number represents a year-over-year change of -10.5%.
Operating Income- Client Solutions Group: $925 million compared to the $888.17 million average estimate based on two analysts.
Operating Income- Infrastructure Solutions Group: $1.07 billion versus the two-analyst average estimate of $1.01 billion.
View all Key Company Metrics for Dell Technologies here>>>
Shares of Dell Technologies have returned +9.3% over the past month versus the Zacks S&P 500 composite's +10.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Dell Technologies Inc. (DELL) : 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.
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Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $12.28 billion compared to the $13.06 billion average estimate based on three analysts. Shares of Dell Technologies have returned +9.3% over the past month versus the Zacks S&P 500 composite's +10.7% change. Dell Technologies (DELL) reported $22.25 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 10%.
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Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $12.28 billion compared to the $13.06 billion average estimate based on three analysts. Dell Technologies (DELL) reported $22.25 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 10%. View all Key Company Metrics for Dell Technologies here>>>
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Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $12.28 billion compared to the $13.06 billion average estimate based on three analysts. Dell Technologies (DELL) reported $22.25 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 10%. View all Key Company Metrics for Dell Technologies here>>>
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Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $12.28 billion compared to the $13.06 billion average estimate based on three analysts. View all Key Company Metrics for Dell Technologies here>>> Dell Technologies (DELL) reported $22.25 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 10%.
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ecffd723-885f-4676-af74-77e7cbe7c922
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725191.0
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2023-11-30 00:00:00 UTC
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Dell Technologies (DELL) Surpasses Q3 Earnings Estimates
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-surpasses-q3-earnings-estimates
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nan
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Dell Technologies (DELL) came out with quarterly earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $2.30 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 27.89%. A quarter ago, it was expected that this computer and technology services provider would post earnings of $1.13 per share when it actually produced earnings of $1.74, delivering a surprise of 53.98%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $22.25 billion for the quarter ended October 2023, missing the Zacks Consensus Estimate by 2.91%. This compares to year-ago revenues of $24.72 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Dell Technologies shares have added about 86.6% since the beginning of the year versus the S&P 500's gain of 18.5%.
What's Next for Dell Technologies?
While Dell Technologies has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Dell Technologies: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.79 on $23.95 billion in revenues for the coming quarter and $6.31 on $90.58 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, C3.ai, Inc. (AI), is yet to report results for the quarter ended October 2023. The results are expected to be released on December 6.
This company is expected to post quarterly loss of $0.19 per share in its upcoming report, which represents a year-over-year change of -72.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
C3.ai, Inc.'s revenues are expected to be $73.03 million, up 17% from the year-ago quarter.
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Dell Technologies Inc. (DELL) : Free Stock Analysis Report
C3.ai, Inc. (AI) : 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.
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Dell Technologies (DELL) came out with quarterly earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.47 per share. Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $22.25 billion for the quarter ended October 2023, missing the Zacks Consensus Estimate by 2.91%. Dell Technologies shares have added about 86.6% since the beginning of the year versus the S&P 500's gain of 18.5%.
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Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $22.25 billion for the quarter ended October 2023, missing the Zacks Consensus Estimate by 2.91%. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL) came out with quarterly earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.47 per share.
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Dell Technologies (DELL) came out with quarterly earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.47 per share. Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $22.25 billion for the quarter ended October 2023, missing the Zacks Consensus Estimate by 2.91%. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $22.25 billion for the quarter ended October 2023, missing the Zacks Consensus Estimate by 2.91%. Dell Technologies (DELL) came out with quarterly earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.47 per share. Dell Technologies shares have added about 86.6% since the beginning of the year versus the S&P 500's gain of 18.5%.
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87beae05-c55a-45d0-b298-ed492ed5e2b8
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725192.0
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2023-11-30 00:00:00 UTC
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January 2024 Options Now Available For Dell Technologies
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DELL
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https://www.nasdaq.com/articles/january-2024-options-now-available-for-dell-technologies
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nan
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nan
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Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $74.00 strike price has a current bid of $2.70. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $74.00, but will also collect the premium, putting the cost basis of the shares at $71.30 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $75.35/share today.
Because the $74.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.65% return on the cash commitment, or 30.97% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $74.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $76.00 strike price has a current bid of $3.40. If an investor was to purchase shares of DELL stock at the current price level of $75.35/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $76.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.37% if the stock gets called away at the January 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DELL shares really soar, which is why looking at the trailing twelve month trading history for Dell Technologies Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DELL's trailing twelve month trading history, with the $76.00 strike highlighted in red:
Considering the fact that the $76.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.51% boost of extra return to the investor, or 38.30% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $75.35) to be 33%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
HVST Options Chain
QLTY Historical Stock Prices
XLRN Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a chart showing DELL's trailing twelve month trading history, with the $76.00 strike highlighted in red: Considering the fact that the $76.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DELL's trailing twelve month trading history, with the $76.00 strike highlighted in red: Considering the fact that the $76.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the January 2024 expiration.
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Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $74.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $76.00 strike price has a current bid of $3.40. Below is a chart showing DELL's trailing twelve month trading history, with the $76.00 strike highlighted in red: Considering the fact that the $76.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the January 2024 expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2024 contracts and identified one put and one call contract of particular interest. Below is a chart showing DELL's trailing twelve month trading history, with the $76.00 strike highlighted in red: Considering the fact that the $76.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the January 2024 expiration.
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f76874a8-7654-4538-9b5f-cefa8a85e19f
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725193.0
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2023-11-30 00:00:00 UTC
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After-Hours Earnings Report for November 30, 2023 : MRVL, ULTA, DELL, PATH, ESTC, IOT, AMBA, PD, AMWD, ZUMZ, DOMO, TLYS
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DELL
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-november-30-2023-%3A-mrvl-ulta-dell-path-estc-iot-amba-pd
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The following companies are expected to report earnings after hours on 11/30/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Marvell Technology, Inc. (MRVL)is reporting for the quarter ending October 31, 2023. The technology services company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.24. This value represents a 41.46% decrease compared to the same quarter last year. MRVL missed the consensus earnings per share in the 4th calendar quarter of 2022 by -4.65%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for MRVL is 63.75 vs. an industry ratio of -4.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Ulta Beauty, Inc. (ULTA)is reporting for the quarter ending October 31, 2023. The retail company's consensus earnings per share forecast from the 14 analysts that follow the stock is $4.96. This value represents a 7.12% decrease compared to the same quarter last year. In the past year ULTA has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 2.56%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for ULTA is 16.51 vs. an industry ratio of 12.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2023. The information technology services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.23. This value represents a 38.81% decrease compared to the same quarter last year. In the past year DELL has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 63.64%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 14.03 vs. an industry ratio of 17.80.
UiPath, Inc. (PATH)is reporting for the quarter ending October 31, 2023. The technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.10. This value represents a 11.11% decrease compared to the same quarter last year. In the past year PATH has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 25%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for PATH is -70.96 vs. an industry ratio of -4.90.
Elastic N.V. (ESTC)is reporting for the quarter ending October 31, 2023. The technology services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.34. This value represents a 32.00% increase compared to the same quarter last year. In the past year ESTC has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2024 Price to Earnings ratio for ESTC is -61.26 vs. an industry ratio of -4.90.
Samsara Inc. (IOT)is reporting for the quarter ending October 31, 2023. The internet software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.10. This value represents a 9.09% increase compared to the same quarter last year. In the past year IOT has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2024 Price to Earnings ratio for IOT is -68.63 vs. an industry ratio of -450.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Ambarella, Inc. (AMBA)is reporting for the quarter ending October 31, 2023. The electric company company's consensus earnings per share forecast from the 9 analysts that follow the stock is $-1.01. This value represents a 206.06% decrease compared to the same quarter last year. AMBA missed the consensus earnings per share in the 2nd calendar quarter of 2023 by -1.2%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for AMBA is -15.93 vs. an industry ratio of -18.40, implying that they will have a higher earnings growth than their competitors in the same industry.
PagerDuty, Inc. (PD)is reporting for the quarter ending October 31, 2023. The internet software company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.20. This value represents a 35.48% increase compared to the same quarter last year. PD missed the consensus earnings per share in the 4th calendar quarter of 2022 by -10.71%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for PD is -39.29 vs. an industry ratio of -450.50, implying that they will have a higher earnings growth than their competitors in the same industry.
American Woodmark Corporation (AMWD)is reporting for the quarter ending October 31, 2023. The furniture company's consensus earnings per share forecast from the 2 analysts that follow the stock is $1.84. This value represents a 17.86% decrease compared to the same quarter last year. AMWD missed the consensus earnings per share in the 1st calendar quarter of 2023 by -16.57%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for AMWD is 8.82 vs. an industry ratio of -24.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Zumiez Inc. (ZUMZ)is reporting for the quarter ending October 31, 2023. The retail (shoe) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.17. This value represents a 147.22% decrease compared to the same quarter last year. ZUMZ missed the consensus earnings per share in the 2nd calendar quarter of 2023 by -10.34%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for ZUMZ is -15.97 vs. an industry ratio of 12.30.
Domo, Inc. (DOMO)is reporting for the quarter ending October 31, 2023. The internet software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.51. This value represents a 26.09% increase compared to the same quarter last year. In the past year DOMO has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 15.38%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DOMO is -4.62 vs. an industry ratio of -450.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Tilly's, Inc. (TLYS)is reporting for the quarter ending October 31, 2023. The retail (shoe) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.07. This value represents a 141.18% decrease compared to the same quarter last year. TLYS missed the consensus earnings per share in the 2nd calendar quarter of 2023 by -17.65%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for TLYS is -13.95 vs. an industry ratio of 12.30.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2023. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 14.03 vs. an industry ratio of 17.80.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2023. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 14.03 vs. an industry ratio of 17.80.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2023. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 14.03 vs. an industry ratio of 17.80.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2023. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 14.03 vs. an industry ratio of 17.80.
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79765fb6-9d99-4e19-8fd2-2936882ffab0
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725194.0
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2023-11-29 00:00:00 UTC
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Dell Technologies Inc - Class C Shares Close in on 52-Week High - Market Mover
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc-class-c-shares-close-in-on-52-week-high-market-mover-2
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nan
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nan
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Dell Technologies Inc - Class C (DELL) shares closed today at 0.3% below its 52 week high of $76.09, giving the company a market cap of $19B. The stock is currently up 92.2% year-to-date, up 77.6% over the past 12 months, and up 67.1% over the past five years. This week, the Dow Jones Industrial Average rose 0.6%, and the S&P 500 fell 0.1%.
Trading Activity
Trading volume this week was 37.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 60.6%
The company's stock price performance over the past 12 months beats the peer average by 49.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -36.3% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc - Class C (DELL) shares closed today at 0.3% below its 52 week high of $76.09, giving the company a market cap of $19B. This week, the Dow Jones Industrial Average rose 0.6%, and the S&P 500 fell 0.1%. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
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Dell Technologies Inc - Class C (DELL) shares closed today at 0.3% below its 52 week high of $76.09, giving the company a market cap of $19B. This week, the Dow Jones Industrial Average rose 0.6%, and the S&P 500 fell 0.1%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 60.6% The company's stock price performance over the past 12 months beats the peer average by 49.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -36.3% lower than the average peer.
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Dell Technologies Inc - Class C (DELL) shares closed today at 0.3% below its 52 week high of $76.09, giving the company a market cap of $19B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 60.6% The company's stock price performance over the past 12 months beats the peer average by 49.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -36.3% lower than the average peer. This story was produced by the Kwhen Automated News Generator.
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Dell Technologies Inc - Class C (DELL) shares closed today at 0.3% below its 52 week high of $76.09, giving the company a market cap of $19B. This week, the Dow Jones Industrial Average rose 0.6%, and the S&P 500 fell 0.1%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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2ff45015-d52d-4e99-a178-a32b03d3156e
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725195.0
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2023-11-29 00:00:00 UTC
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DELL Signs $150M Deal With Imbue, Strengthens Prospects
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DELL
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https://www.nasdaq.com/articles/dell-signs-%24150m-deal-with-imbue-strengthens-prospects
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nan
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nan
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Dell Technologies DELL is benefiting from an expanding clientele and portfolio strength. The latest client is an AI research company, Imbue, with which the company recently inked a deal to develop a new high-performance computing cluster.
The Dell-Imbue deal is worth $150 million. The high-performance computing cluster will be used to train foundation models optimized for reasoning. Imbue uses these models to train AI agents that can work for people across diverse domains.
Imbue already uses Dell PowerEdge XE9680 servers powered by NVIDIA NVDA H100 Tensor Core GPUs to train AI models and prototype agents that can correct bugs in code and analyze lengthy documents.
Dell systems are built for extreme acceleration for AI, machine learning and deep learning training. These systems are equipped to deploy AI computing initiatives with high GPU memory, bandwidth and security. It will help Imbue develop more capable, trustworthy AI agents that will not require constant supervision from users.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell’s Expanding Generative AI Portfolio Aids Prospects
Dell’s expanding Generative AI solutions portfolio is expected to accelerate top-line growth.
Dell’s latest solution, the Dell Validated Design for Generative AI with NVIDIA for Model Customization, offers pre-trained models that extract intelligence from data, sparing enterprises from building models from scratch.
Dell Validated Designs for Generative AI now supports both model tuning and inferencing. The solution is supported by the Dell PowerEdge XE9680 AI server or the Dell PowerEdge XE8640, with a choice of NVIDIA Tensor Core GPUs and NVIDIA AI Enterprise software, which offers frameworks, pre-trained models and development tools, such as the NVIDIA NeMo framework and Dell software.
Dell also offers storage options like PowerScale and ObjectScale, which help customers rapidly feed models with multiple storage data types with the validated design. The infrastructure is also available as a subscription via Dell APEX.
Dell’s partnership with Starburst will help customers accelerate AI and analytics efforts driven by an open, modern data lakehouse solution. The solution will be available in the first half of 2024.
Third-Quarter Guidance Reflects Tough Environment
Dell expects fiscal third-quarter revenues in the range of $22.5-$23.5 billion, unchanged sequentially. Earnings are expected to be $1.45 per share (+/- 10 cents).
The Zacks Consensus Estimate for revenues is pegged at $22.93 billion, suggesting a 7.23% decline from the figure reported in the year-ago quarter.
The consensus mark for quarterly earnings is pegged at $1.47 per share, indicating a 36.09% decline from the year-ago quarter’s figure. The consensus estimate for earnings has been steady over the past 30 days.
Dell expects both Client Solutions Group and Infrastructure Solutions Group revenues to be roughly flat sequentially in the to-be-reported quarter. Continued sluggish IT spending by corporate and global enterprise customers is expected to have hurt top-line growth.
Moreover, unfavorable foreign exchange is expected to have been a headwind. Dell expects roughly 40 basis points impact on revenues.
Zacks Rank & Other Stocks to Consider
Dell currently has a Zacks Rank #2 (Buy).
Shares of Dell have returned 84.1% year to date, outperforming the Zacks Computer & Technology sector’s gain of 45.6%.
A couple of better-ranked stocks in the broader technology sector are Dropbox DBX and Pinterest PINS, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Dropbox shares have gained 25.6% in the year-to-date period. DBX’s long-term earnings growth rate is currently projected at 14.63%.
Pinterest shares have gained 32.8% in the year-to-date period. The long-term earnings growth rate for PINS is currently projected at 35.87%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Dropbox, Inc. (DBX) : Free Stock Analysis Report
Pinterest, Inc. (PINS) : 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.
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Imbue already uses Dell PowerEdge XE9680 servers powered by NVIDIA NVDA H100 Tensor Core GPUs to train AI models and prototype agents that can correct bugs in code and analyze lengthy documents. Dell Technologies DELL is benefiting from an expanding clientele and portfolio strength. The Dell-Imbue deal is worth $150 million.
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Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell’s Expanding Generative AI Portfolio Aids Prospects Dell’s expanding Generative AI solutions portfolio is expected to accelerate top-line growth. The solution is supported by the Dell PowerEdge XE9680 AI server or the Dell PowerEdge XE8640, with a choice of NVIDIA Tensor Core GPUs and NVIDIA AI Enterprise software, which offers frameworks, pre-trained models and development tools, such as the NVIDIA NeMo framework and Dell software. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Dropbox, Inc. (DBX) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell’s Expanding Generative AI Portfolio Aids Prospects Dell’s expanding Generative AI solutions portfolio is expected to accelerate top-line growth. The solution is supported by the Dell PowerEdge XE9680 AI server or the Dell PowerEdge XE8640, with a choice of NVIDIA Tensor Core GPUs and NVIDIA AI Enterprise software, which offers frameworks, pre-trained models and development tools, such as the NVIDIA NeMo framework and Dell software. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Dropbox, Inc. (DBX) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell’s Expanding Generative AI Portfolio Aids Prospects Dell’s expanding Generative AI solutions portfolio is expected to accelerate top-line growth. Dell’s latest solution, the Dell Validated Design for Generative AI with NVIDIA for Model Customization, offers pre-trained models that extract intelligence from data, sparing enterprises from building models from scratch. Dell expects both Client Solutions Group and Infrastructure Solutions Group revenues to be roughly flat sequentially in the to-be-reported quarter.
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75e1ba48-f1d6-49a2-80ee-15f9103e96c7
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725196.0
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2023-11-28 00:00:00 UTC
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2 Attractive Value Stocks to Consider as Earnings Approach
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DELL
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https://www.nasdaq.com/articles/2-attractive-value-stocks-to-consider-as-earnings-approach
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nan
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nan
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Several top-rated Zacks stocks are set to report their quarterly results on Thursday, November 30, with now looking like an ideal time to buy.
Among them, Dell Technologies (DELL) and Titan Machinery (TITN) are two value stocks that investors may want to consider ahead of their earnings reports.
Dell Technologies Q3 Preview: Dell Technologies has become a major player in the artificial intelligence landscape through its partnership with Nvidia NVDA which has enabled the company to implement AI into its information technology solutions.
With Nvidia’s AI chips enhancing Dell’s PowerEdge systems management, it's noteworthy that the Zacks ESP (Expected Surprise Prediction) indicates Dell’s third quarter earnings may come in better than expected. To that point, the Most Accurate Estimate for Dell’s Q3 earnings is pegged at $1.49 per share and 1% above the Zacks Consensus of $1.47 a share.
Image Source: Zacks Investment Research
This is despite Q3 earnings forecasted to be down -36% following a very tough-to-compete-against prior year quarter that saw EPS at $2.30 per share. However, like Nvidia, Dell’s earnings potential has been much stronger than expected as of late and most recently beat Q2 EPS estimates by 54% in August with earnings at $1.74 per share compared to expectations of $1.13 a share.
Image Source: Zacks Investment Research
Furthermore, Dell has surpassed earnings expectations for six consecutive quarters with its stock soaring +94% this year but still trading at a very reasonable 11.7X forward earnings multiple. This is still an advantageous discount to the Zacks Computers-IT Services Industry average of 24.3X and the S&P 500’s 21.8X.
Image Source: Zacks Investment Research
Titan Machinery Q3 Preview: Ahead of its Q3 report on Thursday, Titan Machinery’s stock looks vastly undervalued with a leading network of full-service agricultural and construction equipment stores in the upper Midwest.
Trading near its 52-week lows at around $25 a share, much of the risk to reward looks priced into Titan Machinery’s stock although the company is also facing a tougher to compete against quarter. Third quarter earnings are expected to be down -17% to $1.51 per share but Titan Machinery’s stock trades at just 5.1X forward earnings and is expected to reach its bottom line expectations with the Most Accurate Estimate also having Q3 EPS at $1.51 a share.
Image Source: Zacks Investment Research
Trading at a slight discount to its industry P/E average of 6X and well below the benchmark, it’s also noteworthy that Titan Machinery has surpassed earnings expectations in its last two quarterly reports most recently beating the Zacks Consensus for Q2 EPS by 20% with earnings at $1.38 per share compared to estimates of $1.15 a share.
Image Source: Zacks Investment Research
Notably, Q3 sales are expected to be up 8% to $723.27 million and double-digit percentage growth is still expected on Titan Machinery’s annual top and bottom lines for its current fiscal 2024 which further suggests TITN shares may have been oversold as the company adjusts to higher inflation.
Image Source: Zacks Investment Research
Takeaway
Going into their third quarter reports, Dell Technologies and Titan Machinery’s stock both sport a Zacks Rank #2 (Buy) and have an “A” Zacks Style Scores grade for Value. Both stocks look undervalued in terms of their P/E valuations and should have a nice amount of upside if they are able to reach or exceed earnings expectations.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them 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
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Titan Machinery Inc. (TITN) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : 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.
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Among them, Dell Technologies (DELL) and Titan Machinery (TITN) are two value stocks that investors may want to consider ahead of their earnings reports. Dell Technologies Q3 Preview: Dell Technologies has become a major player in the artificial intelligence landscape through its partnership with Nvidia NVDA which has enabled the company to implement AI into its information technology solutions. With Nvidia’s AI chips enhancing Dell’s PowerEdge systems management, it's noteworthy that the Zacks ESP (Expected Surprise Prediction) indicates Dell’s third quarter earnings may come in better than expected.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Titan Machinery Inc. (TITN) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. Among them, Dell Technologies (DELL) and Titan Machinery (TITN) are two value stocks that investors may want to consider ahead of their earnings reports. Dell Technologies Q3 Preview: Dell Technologies has become a major player in the artificial intelligence landscape through its partnership with Nvidia NVDA which has enabled the company to implement AI into its information technology solutions.
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Image Source: Zacks Investment Research Takeaway Going into their third quarter reports, Dell Technologies and Titan Machinery’s stock both sport a Zacks Rank #2 (Buy) and have an “A” Zacks Style Scores grade for Value. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Titan Machinery Inc. (TITN) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. Among them, Dell Technologies (DELL) and Titan Machinery (TITN) are two value stocks that investors may want to consider ahead of their earnings reports.
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Image Source: Zacks Investment Research Takeaway Going into their third quarter reports, Dell Technologies and Titan Machinery’s stock both sport a Zacks Rank #2 (Buy) and have an “A” Zacks Style Scores grade for Value. Among them, Dell Technologies (DELL) and Titan Machinery (TITN) are two value stocks that investors may want to consider ahead of their earnings reports. Dell Technologies Q3 Preview: Dell Technologies has become a major player in the artificial intelligence landscape through its partnership with Nvidia NVDA which has enabled the company to implement AI into its information technology solutions.
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9b682afe-305a-4f96-827f-2cca9fac4a78
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725197.0
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2023-11-28 00:00:00 UTC
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Dell Technologies (DELL) to Post Q3 Earnings: What's in Store?
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-to-post-q3-earnings%3A-whats-in-store-1
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nan
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nan
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Dell Technologies DELL is set to report its third-quarter fiscal 2024 results on Nov 30.
Dell expects fiscal third-quarter revenues in the range of $22.5-$23.5 billion, unchanged sequentially. Earnings are expected to be $1.45 per share (+/- 10 cents).
The Zacks Consensus Estimate for revenues is pegged at $22.93 billion, suggesting a 7.23% decline from the figure reported in the year-ago quarter.
The consensus mark for quarterly earnings is pegged at $1.47 per share, indicating a 36.09% decline from the year-ago quarter’s figure. The consensus estimate for earnings has been steady in the past 30 days.
Dell's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, with an earnings surprise of 39.52% on average.
Dell Technologies Inc. Price and EPS Surprise
Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote
Let's see how things have shaped up for DELL before this announcement.
Factors to Watch
Dell expects both Client Solutions Group (CSG) and Infrastructure Solutions Group revenues to be roughly flat sequentially in the to-be-reported quarter. Continued sluggish IT spending by corporate and global enterprise customers is expected to have hurt top-line growth.
Moreover, unfavorable foreign exchange is expected to have been a headwind. Dell expects roughly 40 basis points impact on revenues.
CSG revenues are expected to have suffered from lackluster PC demand. Per Gartner, worldwide PC shipments in the third quarter of 2023 witnessed a year-over-year decrease of 9%, reaching 64.279 million units. Dell was ranked third among all PC vendors, trailing Lenovo LNVGY and HP HPQ, but beating Apple AAPL.
This Zacks Rank #2 (Buy) company shipped 10.32 million units, witnessing a 14.2% year-over-year decline in the third quarter of 2023, per the Gartner report. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Lenovo, HP and Apple shipped 16.146 million, 13.531 million and 6.266 million units, respectively.
Dell’s expanding Generative AI solutions portfolio is expected to have accelerated top-line growth.
Dell’s latest solution, the Dell Validated Design for Generative AI with NVIDIA for Model Customization, offers pre-trained models that extract intelligence from data, sparing enterprises from building models from scratch.
Dell Validated Designs for Generative AI now supports both model tuning and inferencing. The solution is supported by the Dell PowerEdge XE9680 AI server or the Dell PowerEdge XE8640, with a choice of NVIDIA Tensor Core GPUs and NVIDIA AI Enterprise software, which offers frameworks, pre-trained models and development tools, such as the NVIDIA NeMo framework and Dell software.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them 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
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : 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.
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Dell was ranked third among all PC vendors, trailing Lenovo LNVGY and HP HPQ, but beating Apple AAPL. Dell Technologies DELL is set to report its third-quarter fiscal 2024 results on Nov 30. Dell expects fiscal third-quarter revenues in the range of $22.5-$23.5 billion, unchanged sequentially.
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Dell’s latest solution, the Dell Validated Design for Generative AI with NVIDIA for Model Customization, offers pre-trained models that extract intelligence from data, sparing enterprises from building models from scratch. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL is set to report its third-quarter fiscal 2024 results on Nov 30.
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Dell Technologies Inc. Price and EPS Surprise Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote Let's see how things have shaped up for DELL before this announcement. The solution is supported by the Dell PowerEdge XE9680 AI server or the Dell PowerEdge XE8640, with a choice of NVIDIA Tensor Core GPUs and NVIDIA AI Enterprise software, which offers frameworks, pre-trained models and development tools, such as the NVIDIA NeMo framework and Dell software. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, with an earnings surprise of 39.52% on average. Dell’s expanding Generative AI solutions portfolio is expected to have accelerated top-line growth. Dell Technologies DELL is set to report its third-quarter fiscal 2024 results on Nov 30.
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2cac0efe-c977-4f20-a2c8-c80abd113e1c
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725198.0
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2023-11-28 00:00:00 UTC
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How to Boost Your Portfolio with Top Computer and Technology Stocks Set to Beat Earnings
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DELL
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https://www.nasdaq.com/articles/how-to-boost-your-portfolio-with-top-computer-and-technology-stocks-set-to-beat-44
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nan
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nan
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Earnings are arguably the most important single number on a company's quarterly financial report. Wall Street clearly dives into all of the other metrics and management's input, but the EPS figure helps cut through all the noise.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Dell Technologies?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Dell Technologies (DELL) earns a #2 (Buy) right now and its Most Accurate Estimate sits at $1.49 a share, just two days from its upcoming earnings release on November 30, 2023.
DELL has an Earnings ESP figure of +1.36%, which, as explained above, is calculated by taking the percentage difference between the $1.49 Most Accurate Estimate and the Zacks Consensus Estimate of $1.47. Dell Technologies is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
DELL is part of a big group of Computer and Technology stocks that boast a positive ESP, and investors may want to take a look at Perion Network (PERI) as well.
Perion Network, which is readying to report earnings on February 14, 2024, sits at a Zacks Rank #3 (Hold) right now. It's Most Accurate Estimate is currently $0.98 a share, and PERI is 78 days out from its next earnings report.
Perion Network's Earnings ESP figure currently stands at +1.38% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.97.
DELL and PERI's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them 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
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Perion Network Ltd (PERI) : 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.
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DELL is part of a big group of Computer and Technology stocks that boast a positive ESP, and investors may want to take a look at Perion Network (PERI) as well. Should You Consider Dell Technologies? Dell Technologies (DELL) earns a #2 (Buy) right now and its Most Accurate Estimate sits at $1.49 a share, just two days from its upcoming earnings release on November 30, 2023.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Perion Network Ltd (PERI) : Free Stock Analysis Report To read this article on Zacks.com click here. Should You Consider Dell Technologies? Dell Technologies (DELL) earns a #2 (Buy) right now and its Most Accurate Estimate sits at $1.49 a share, just two days from its upcoming earnings release on November 30, 2023.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Perion Network Ltd (PERI) : Free Stock Analysis Report To read this article on Zacks.com click here. Should You Consider Dell Technologies? Dell Technologies (DELL) earns a #2 (Buy) right now and its Most Accurate Estimate sits at $1.49 a share, just two days from its upcoming earnings release on November 30, 2023.
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Dell Technologies (DELL) earns a #2 (Buy) right now and its Most Accurate Estimate sits at $1.49 a share, just two days from its upcoming earnings release on November 30, 2023. Should You Consider Dell Technologies? DELL has an Earnings ESP figure of +1.36%, which, as explained above, is calculated by taking the percentage difference between the $1.49 Most Accurate Estimate and the Zacks Consensus Estimate of $1.47.
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5dfd859f-65aa-45ad-b523-c5e598b8141c
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725199.0
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2023-11-27 00:00:00 UTC
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Unveiling Dell Technologies (DELL) Q3 Outlook: Wall Street Estimates for Key Metrics
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DELL
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https://www.nasdaq.com/articles/unveiling-dell-technologies-dell-q3-outlook%3A-wall-street-estimates-for-key-metrics
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nan
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nan
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Wall Street analysts forecast that Dell Technologies (DELL) will report quarterly earnings of $1.47 per share in its upcoming release, pointing to a year-over-year decline of 36.1%. It is anticipated that revenues will amount to $22.93 billion, exhibiting a decline of 7.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Dell Technologies metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus estimate for 'Net Revenue- Client Solutions Group' stands at $12.99 billion. The estimate suggests a change of -5.7% year over year.
Based on the collective assessment of analysts, 'Net Revenue- Infrastructure Solutions Group' should arrive at $8.49 billion. The estimate indicates a year-over-year change of -11.8%.
According to the collective judgment of analysts, 'Net Revenue- Other businesses' should come in at $1.43 billion. The estimate indicates a change of +8.7% from the prior-year quarter.
Analysts' assessment points toward 'Net Revenue- Client Solutions Group- Consumer' reaching $2.43 billion. The estimate indicates a year-over-year change of -19.8%.
Analysts predict that the 'Net Revenue- Infrastructure Solutions Group- Storage' will reach $4.01 billion. The estimate indicates a change of -9.4% from the prior-year quarter.
It is projected by analysts that the 'Net Revenue- Client Solutions Group- Commercial' will reach $10.56 billion. The estimate indicates a change of -1.7% from the prior-year quarter.
The consensus among analysts is that 'Net Revenue- Infrastructure Solutions Group- Servers and networking' will reach $4.48 billion. The estimate suggests a change of -13.9% year over year.
View all Key Company Metrics for Dell Technologies here>>>
Dell Technologies shares have witnessed a change of +12.8% in the past month, in contrast to the Zacks S&P 500 composite's +7.5% move. With a Zacks Rank #2 (Buy), DELL is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for 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
Dell Technologies Inc. (DELL) : 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.
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Wall Street analysts forecast that Dell Technologies (DELL) will report quarterly earnings of $1.47 per share in its upcoming release, pointing to a year-over-year decline of 36.1%. With that in mind, let's delve into the average projections of some Dell Technologies metrics that are commonly tracked and projected by analysts on Wall Street. View all Key Company Metrics for Dell Technologies here>>>
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Wall Street analysts forecast that Dell Technologies (DELL) will report quarterly earnings of $1.47 per share in its upcoming release, pointing to a year-over-year decline of 36.1%. With that in mind, let's delve into the average projections of some Dell Technologies metrics that are commonly tracked and projected by analysts on Wall Street. View all Key Company Metrics for Dell Technologies here>>>
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Wall Street analysts forecast that Dell Technologies (DELL) will report quarterly earnings of $1.47 per share in its upcoming release, pointing to a year-over-year decline of 36.1%. With that in mind, let's delve into the average projections of some Dell Technologies metrics that are commonly tracked and projected by analysts on Wall Street. View all Key Company Metrics for Dell Technologies here>>>
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Wall Street analysts forecast that Dell Technologies (DELL) will report quarterly earnings of $1.47 per share in its upcoming release, pointing to a year-over-year decline of 36.1%. View all Key Company Metrics for Dell Technologies here>>> With that in mind, let's delve into the average projections of some Dell Technologies metrics that are commonly tracked and projected by analysts on Wall Street.
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3afc36a2-185e-4ee8-b844-b0b645a3c078
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