Ares Commercial Real Estate (NYSE:ACRE – Get Rating) will release its earnings data before the market opens on Wednesday, February 15th. Analysts expect Ares Commercial Real Estate to post earnings of $0.34 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Ares Commercial Real Estate Price Performance
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Shares of ACRE stock opened at $12.22 on Wednesday. The firm has a market cap of $665.26 million, a P/E ratio of 13.43 and a beta of 1.39. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.74 and a quick ratio of 0.74. Ares Commercial Real Estate has a 1-year low of $9.90 and a 1-year high of $16.48. The firm has a fifty day moving average of $11.42 and a two-hundred day moving average of $12.07.
Insider Buying and Selling
In related news, CEO Bryan Patrick Donohoe sold 15,072 shares of the firm’s stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $10.91, for a total transaction of $164,435.52. Following the completion of the sale, the chief executive officer now directly owns 157,282 shares in the company, valued at $1,715,946.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Ares Commercial Real Estate news, VP Anton Feingold sold 3,166 shares of Ares Commercial Real Estate stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $10.87, for a total value of $34,414.42. Following the completion of the sale, the vice president now directly owns 53,865 shares in the company, valued at $585,512.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bryan Patrick Donohoe sold 15,072 shares of Ares Commercial Real Estate stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $10.91, for a total transaction of $164,435.52. Following the completion of the sale, the chief executive officer now owns 157,282 shares of the company’s stock, valued at $1,715,946.62. The disclosure for this sale can be found here. 1.95% of the stock is currently owned by corporate insiders.
Institutional Trading of Ares Commercial Real Estate
Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Ares Commercial Real Estate by 8.6% in the third quarter. BlackRock Inc. now owns 4,294,662 shares of the real estate investment trust’s stock worth $44,879,000 after buying an additional 339,231 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Ares Commercial Real Estate by 6.4% in the third quarter. Vanguard Group Inc. now owns 2,703,902 shares of the real estate investment trust’s stock worth $28,255,000 after buying an additional 162,862 shares during the last quarter. State Street Corp lifted its stake in shares of Ares Commercial Real Estate by 10.1% in the third quarter. State Street Corp now owns 1,285,654 shares of the real estate investment trust’s stock worth $13,884,000 after buying an additional 118,414 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Ares Commercial Real Estate in the second quarter worth $8,022,000. Finally, Balyasny Asset Management LLC lifted its stake in shares of Ares Commercial Real Estate by 605.8% in the third quarter. Balyasny Asset Management LLC now owns 619,937 shares of the real estate investment trust’s stock worth $6,478,000 after buying an additional 532,103 shares during the last quarter. 46.63% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have weighed in on ACRE. Bank of America reissued a “buy” rating and set a $13.00 price objective on shares of Ares Commercial Real Estate in a report on Monday, October 31st. BTIG Research dropped their price target on shares of Ares Commercial Real Estate from $16.50 to $14.00 in a research report on Wednesday, November 2nd. StockNews.com initiated coverage on shares of Ares Commercial Real Estate in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Raymond James dropped their target price on shares of Ares Commercial Real Estate from $15.00 to $13.50 and set an “outperform” rating on the stock in a research report on Tuesday, October 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Ares Commercial Real Estate from $13.50 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, October 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ares Commercial Real Estate presently has a consensus rating of “Moderate Buy” and an average price target of $13.25.
Ares Commercial Real Estate Company Profile
Ares Commercial Real Estate Corp. engages in originating and investing in commercial real estate loans and related investments. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans, and other CRE investments, as well as commercial mortgage backed securities.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Ares Commercial Real Estate, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Ares Commercial Real Estate wasn’t on the list.
While Ares Commercial Real Estate currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Allianz Asset Management GmbH raised its holdings in American Homes 4 Rent (NYSE:AMH – Get Rating) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 970,313 shares of the real estate investment trust’s stock after acquiring an additional 16,399 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.28% of American Homes 4 Rent worth $31,836,000 as of its most recent filing with the Securities & Exchange Commission.
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Several other hedge funds also recently bought and sold shares of AMH. Vanguard Group Inc. grew its position in shares of American Homes 4 Rent by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock worth $1,737,505,000 after buying an additional 3,533,157 shares in the last quarter. JPMorgan Chase & Co. raised its stake in American Homes 4 Rent by 2.4% in the second quarter. JPMorgan Chase & Co. now owns 15,801,702 shares of the real estate investment trust’s stock valued at $560,012,000 after buying an additional 374,079 shares during the last quarter. State Street Corp raised its stake in American Homes 4 Rent by 9.6% in the second quarter. State Street Corp now owns 14,094,837 shares of the real estate investment trust’s stock valued at $499,521,000 after buying an additional 1,233,734 shares during the last quarter. FMR LLC raised its stake in American Homes 4 Rent by 24.7% in the second quarter. FMR LLC now owns 9,806,924 shares of the real estate investment trust’s stock valued at $347,557,000 after buying an additional 1,943,766 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in American Homes 4 Rent by 4.4% in the third quarter. Victory Capital Management Inc. now owns 6,781,688 shares of the real estate investment trust’s stock valued at $222,507,000 after buying an additional 288,848 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.
Insider Transactions at American Homes 4 Rent
In other news, Director Douglas N. Benham purchased 4,000 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were purchased at an average cost of $22.55 per share, with a total value of $90,200.00. Following the completion of the purchase, the director now directly owns 22,070 shares of the company’s stock, valued at approximately $497,678.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Douglas N. Benham acquired 4,000 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, November 23rd. The shares were purchased at an average price of $22.55 per share, for a total transaction of $90,200.00. Following the completion of the transaction, the director now owns 22,070 shares in the company, valued at approximately $497,678.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew J. Hart sold 6,955 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $31.44, for a total value of $218,665.20. Following the transaction, the director now owns 34,340 shares in the company, valued at approximately $1,079,649.60. The disclosure for this sale can be found here. Corporate insiders own 6.03% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on AMH. The Goldman Sachs Group upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and increased their price target for the company from $36.00 to $39.00 in a research note on Thursday, December 8th. Raymond James cut American Homes 4 Rent from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, November 29th. Jefferies Financial Group cut American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $38.00 to $32.00 in a research note on Monday, January 2nd. Mizuho reduced their price objective on American Homes 4 Rent from $37.00 to $36.00 in a research note on Friday, December 2nd. Finally, Evercore ISI cut American Homes 4 Rent from an “outperform” rating to an “inline” rating and reduced their price target for the company from $34.00 to $33.00 in a research report on Monday, November 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.56.
American Homes 4 Rent Stock Down 0.5 %
Shares of AMH opened at $34.43 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.61. American Homes 4 Rent has a 12 month low of $29.31 and a 12 month high of $43.89. The stock’s 50 day moving average is $32.04 and its two-hundred day moving average is $33.46. The firm has a market cap of $12.17 billion, a P/E ratio of 57.38, a PEG ratio of 2.52 and a beta of 0.66.
American Homes 4 Rent Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Wednesday, December 14th. American Homes 4 Rent’s dividend payout ratio is presently 120.00%.
American Homes 4 Rent Company Profile
American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider American Homes 4 Rent, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and American Homes 4 Rent wasn’t on the list.
While American Homes 4 Rent currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
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Virtu Financial LLC bought a new position in shares of Commercial Metals (NYSE:CMC – Get Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,271 shares of the basic materials company’s stock, valued at approximately $293,000.
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Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in Commercial Metals by 81.4% in the second quarter. Envestnet Asset Management Inc. now owns 230,568 shares of the basic materials company’s stock valued at $7,632,000 after acquiring an additional 103,438 shares during the last quarter. Xponance Inc. lifted its position in Commercial Metals by 7.2% in the second quarter. Xponance Inc. now owns 18,904 shares of the basic materials company’s stock valued at $626,000 after acquiring an additional 1,274 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Commercial Metals in the second quarter valued at $655,000. Arvest Trust Co. N A purchased a new stake in Commercial Metals in the third quarter valued at $283,000. Finally, Kornitzer Capital Management Inc. KS lifted its position in Commercial Metals by 9.7% in the second quarter. Kornitzer Capital Management Inc. KS now owns 26,995 shares of the basic materials company’s stock valued at $894,000 after acquiring an additional 2,395 shares during the last quarter. 84.30% of the stock is owned by hedge funds and other institutional investors.
Commercial Metals Trading Down 1.1 %
Shares of Commercial Metals stock opened at $55.94 on Tuesday. Commercial Metals has a 52-week low of $31.47 and a 52-week high of $58.09. The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.30. The company’s 50-day simple moving average is $51.10 and its 200-day simple moving average is $45.06. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 5.45 and a beta of 1.29.
Commercial Metals (NYSE:CMC – Get Rating) last issued its quarterly earnings results on Monday, January 9th. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.25. Commercial Metals had a net margin of 13.61% and a return on equity of 33.19%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.16 billion. As a group, equities research analysts anticipate that Commercial Metals will post 7.64 earnings per share for the current year.
Commercial Metals Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, February 2nd. Stockholders of record on Thursday, January 19th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, January 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.14%. Commercial Metals’s dividend payout ratio (DPR) is 6.24%.
Insider Transactions at Commercial Metals
In other Commercial Metals news, CEO Barbara Smith sold 5,500 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $49.48, for a total transaction of $272,140.00. Following the transaction, the chief executive officer now directly owns 503,285 shares in the company, valued at $24,902,541.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on CMC shares. The Goldman Sachs Group boosted their price target on shares of Commercial Metals from $48.00 to $53.00 and gave the company a “neutral” rating in a research report on Tuesday, January 10th. StockNews.com raised shares of Commercial Metals from a “hold” rating to a “buy” rating in a report on Wednesday, January 18th. BMO Capital Markets upped their target price on shares of Commercial Metals from $49.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 10th. Bank of America started coverage on shares of Commercial Metals in a report on Wednesday, January 4th. They issued a “neutral” rating and a $55.00 target price for the company. Finally, KeyCorp upped their target price on shares of Commercial Metals from $50.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, January 11th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.14.
About Commercial Metals
Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Metals wasn’t on the list.
While Commercial Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Raymond James & Associates reduced its position in Gladstone Commercial Co. (NASDAQ:GOOD – Get Rating) by 50.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,187 shares of the real estate investment trust’s stock after selling 10,324 shares during the quarter. Raymond James & Associates’ holdings in Gladstone Commercial were worth $158,000 at the end of the most recent quarter.
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Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in Gladstone Commercial during the first quarter valued at approximately $30,000. Federated Hermes Inc. bought a new stake in Gladstone Commercial during the first quarter valued at approximately $37,000. Wilen Investment Management CORP. lifted its position in Gladstone Commercial by 66.7% during the second quarter. Wilen Investment Management CORP. now owns 2,500 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,000 shares during the last quarter. Amalgamated Bank bought a new stake in Gladstone Commercial during the first quarter valued at approximately $107,000. Finally, FMR LLC lifted its position in Gladstone Commercial by 22.6% during the second quarter. FMR LLC now owns 4,945 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 911 shares during the last quarter. 45.84% of the stock is currently owned by institutional investors.
Gladstone Commercial Stock Down 1.5 %
Shares of Gladstone Commercial stock opened at $16.85 on Tuesday. The company has a current ratio of 4.81, a quick ratio of 4.81 and a debt-to-equity ratio of 3.41. The company’s fifty day simple moving average is $18.06 and its two-hundred day simple moving average is $18.17. The company has a market cap of $667.43 million, a P/E ratio of -337.00, a PEG ratio of 1.83 and a beta of 1.11. Gladstone Commercial Co. has a 12-month low of $15.02 and a 12-month high of $23.38.
Gladstone Commercial (NASDAQ:GOOD – Get Rating) last issued its quarterly earnings data on Monday, November 7th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.39). Gladstone Commercial had a net margin of 7.16% and a return on equity of 4.97%. The company had revenue of $39.83 million for the quarter, compared to analysts’ expectations of $37.14 million. Research analysts anticipate that Gladstone Commercial Co. will post 1.6 EPS for the current year.
Gladstone Commercial Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date is Thursday, March 16th. Gladstone Commercial’s payout ratio is -2,400.00%.
Wall Street Analysts Forecast Growth
GOOD has been the topic of several research reports. Janney Montgomery Scott downgraded shares of Gladstone Commercial from a “buy” rating to a “neutral” rating and set a $17.50 price target on the stock. in a research note on Friday, January 13th. EF Hutton Acquisition Co. I decreased their price target on shares of Gladstone Commercial from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, January 13th. Finally, StockNews.com initiated coverage on shares of Gladstone Commercial in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.
Gladstone Commercial Profile
Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, managing and ownership of office and industrial properties. Its portfolio consists of single-tenant commercial and industrial real properties. The company was founded by David John Gladstone on February 14, 2003 and is headquartered in McLean, VA.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Gladstone Commercial, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Gladstone Commercial wasn’t on the list.
While Gladstone Commercial currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
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Prudential Financial Inc. lowered its stake in American Equity Investment Life Holding (NYSE:AEL – Get Rating) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,439 shares of the financial services provider’s stock after selling 5,075 shares during the quarter. Prudential Financial Inc. owned about 0.17% of American Equity Investment Life worth $5,609,000 at the end of the most recent quarter.
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Several other institutional investors have also bought and sold shares of the stock. Teacher Retirement System of Texas lifted its holdings in American Equity Investment Life by 135.2% in the third quarter. Teacher Retirement System of Texas now owns 30,917 shares of the financial services provider’s stock worth $1,153,000 after purchasing an additional 17,771 shares during the period. Royce & Associates LP raised its position in American Equity Investment Life by 14.0% in the third quarter. Royce & Associates LP now owns 19,898 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 2,450 shares in the last quarter. Victory Capital Management Inc. raised its position in American Equity Investment Life by 5.4% in the third quarter. Victory Capital Management Inc. now owns 29,859 shares of the financial services provider’s stock worth $1,113,000 after acquiring an additional 1,519 shares in the last quarter. Great West Life Assurance Co. Can bought a new stake in American Equity Investment Life in the third quarter worth about $2,970,000. Finally, Jennison Associates LLC raised its position in American Equity Investment Life by 52.4% in the third quarter. Jennison Associates LLC now owns 30,320 shares of the financial services provider’s stock worth $1,131,000 after acquiring an additional 10,424 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.
Analysts Set New Price Targets
AEL has been the topic of several research reports. Morgan Stanley boosted their price target on shares of American Equity Investment Life from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 10th. StockNews.com initiated coverage on American Equity Investment Life in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Piper Sandler boosted their price objective on American Equity Investment Life from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, December 20th. Evercore ISI boosted their price objective on American Equity Investment Life from $38.00 to $43.00 and gave the stock an “in-line” rating in a report on Wednesday, December 21st. Finally, Raymond James upgraded American Equity Investment Life from an “outperform” rating to a “strong-buy” rating and set a $48.00 price objective on the stock in a report on Monday, December 19th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.89.
American Equity Investment Life Trading Up 0.2 %
NYSE:AEL opened at $47.74 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.17 and a quick ratio of 0.17. American Equity Investment Life Holding has a fifty-two week low of $28.05 and a fifty-two week high of $48.21. The stock’s 50-day moving average is $43.92 and its two-hundred day moving average is $40.34. The stock has a market cap of $4.09 billion, a PE ratio of 3.48 and a beta of 0.91.
American Equity Investment Life (NYSE:AEL – Get Rating) last released its earnings results on Monday, November 7th. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.15. American Equity Investment Life had a return on equity of 8.81% and a net margin of 71.25%. The company had revenue of $609.74 million for the quarter, compared to analysts’ expectations of $585.04 million. As a group, equities research analysts forecast that American Equity Investment Life Holding will post 3.87 earnings per share for the current fiscal year.
American Equity Investment Life Cuts Dividend
The company also recently declared an annual dividend, which was paid on Tuesday, December 13th. Investors of record on Monday, November 28th were paid a $0.02 dividend. The ex-dividend date was Friday, November 25th. This represents a dividend yield of 0.05%. American Equity Investment Life’s payout ratio is 0.15%.
American Equity Investment Life Company Profile
American Equity Investment Life Holding Co engages in the development and sale of fixed index and fixed rate annuity products. It focuses on the following portfolios: commercial mortgage loans, agricultural mortgage loans, and residential mortgage loans. The company was founded by David J. Noble on December 15, 1995 and is headquartered in West Des Moines, IA.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider American Equity Investment Life, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and American Equity Investment Life wasn’t on the list.
While American Equity Investment Life currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
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Russell Investments Group Ltd. boosted its stake in Commercial Metals (NYSE:CMC – Get Rating) by 18.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,545 shares of the basic materials company’s stock after purchasing an additional 26,510 shares during the quarter. Russell Investments Group Ltd. owned about 0.15% of Commercial Metals worth $6,119,000 as of its most recent SEC filing.
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Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Commercial Metals by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 13,226,374 shares of the basic materials company’s stock worth $550,481,000 after purchasing an additional 142,062 shares in the last quarter. FMR LLC raised its position in shares of Commercial Metals by 5.1% during the 2nd quarter. FMR LLC now owns 10,124,695 shares of the basic materials company’s stock valued at $335,128,000 after buying an additional 493,455 shares in the last quarter. State Street Corp raised its position in shares of Commercial Metals by 22.3% during the 1st quarter. State Street Corp now owns 7,494,116 shares of the basic materials company’s stock valued at $312,971,000 after buying an additional 1,367,997 shares in the last quarter. Berkley W R Corp raised its position in shares of Commercial Metals by 14.4% during the 2nd quarter. Berkley W R Corp now owns 2,869,104 shares of the basic materials company’s stock valued at $94,967,000 after buying an additional 361,600 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Commercial Metals by 21.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,831,408 shares of the basic materials company’s stock valued at $60,620,000 after buying an additional 322,143 shares in the last quarter. Hedge funds and other institutional investors own 84.30% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on CMC shares. Citigroup upped their target price on shares of Commercial Metals from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, October 14th. BMO Capital Markets increased their price objective on shares of Commercial Metals from $49.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 10th. Bank of America started coverage on shares of Commercial Metals in a research report on Wednesday, January 4th. They issued a “neutral” rating and a $55.00 price objective on the stock. KeyCorp increased their price objective on shares of Commercial Metals from $50.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 11th. Finally, StockNews.com raised shares of Commercial Metals from a “hold” rating to a “buy” rating in a research report on Wednesday, January 18th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.14.
Insider Activity
In other news, CEO Barbara Smith sold 150,000 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $48.11, for a total transaction of $7,216,500.00. Following the transaction, the chief executive officer now directly owns 227,651 shares in the company, valued at $10,952,289.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.
Commercial Metals Price Performance
Shares of CMC stock opened at $56.01 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.99 and a quick ratio of 1.97. The company has a market capitalization of $6.57 billion, a P/E ratio of 5.46 and a beta of 1.30. The company’s 50-day simple moving average is $50.61 and its two-hundred day simple moving average is $44.56. Commercial Metals has a one year low of $31.47 and a one year high of $56.88.
Commercial Metals (NYSE:CMC – Get Rating) last released its quarterly earnings data on Monday, January 9th. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.25. Commercial Metals had a net margin of 13.61% and a return on equity of 33.19%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.16 billion. As a group, equities analysts anticipate that Commercial Metals will post 7.64 EPS for the current year.
Commercial Metals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 2nd. Stockholders of record on Thursday, January 19th will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, January 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.14%. Commercial Metals’s dividend payout ratio is presently 6.24%.
About Commercial Metals
Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
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MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Metals wasn’t on the list.
While Commercial Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
The Manufacturers Life Insurance Company trimmed its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) by 3.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 376,339 shares of the financial services provider’s stock after selling 13,127 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of New York Community Bancorp worth $3,210,000 at the end of the most recent quarter.
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Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in New York Community Bancorp by 6.2% during the first quarter. JPMorgan Chase & Co. now owns 1,081,423 shares of the financial services provider’s stock valued at $11,593,000 after purchasing an additional 63,418 shares during the period. American Century Companies Inc. boosted its holdings in shares of New York Community Bancorp by 95.1% in the first quarter. American Century Companies Inc. now owns 146,581 shares of the financial services provider’s stock worth $1,571,000 after acquiring an additional 71,460 shares during the period. US Bancorp DE boosted its holdings in shares of New York Community Bancorp by 2.7% in the first quarter. US Bancorp DE now owns 60,084 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 1,587 shares during the period. AlphaCrest Capital Management LLC boosted its holdings in shares of New York Community Bancorp by 122.0% in the first quarter. AlphaCrest Capital Management LLC now owns 36,608 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 20,121 shares during the period. Finally, Natixis Advisors L.P. bought a new position in shares of New York Community Bancorp in the first quarter worth $235,000. 63.17% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at New York Community Bancorp
In other New York Community Bancorp news, Director Ronald A. Rosenfeld sold 138,199 shares of New York Community Bancorp stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $8.74, for a total transaction of $1,207,859.26. Following the sale, the director now directly owns 12,320 shares of the company’s stock, valued at approximately $107,676.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Ronald A. Rosenfeld sold 138,199 shares of the business’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $8.74, for a total value of $1,207,859.26. Following the sale, the director now directly owns 12,320 shares of the company’s stock, valued at approximately $107,676.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Marshall Lux purchased 6,000 shares of the company’s stock in a transaction dated Tuesday, December 6th. The stock was bought at an average cost of $8.53 per share, for a total transaction of $51,180.00. Following the completion of the transaction, the director now owns 12,000 shares in the company, valued at $102,360. The disclosure for this purchase can be found here. Insiders own 1.58% of the company’s stock.
Analyst Upgrades and Downgrades
NYCB has been the subject of a number of analyst reports. Piper Sandler cut their price target on New York Community Bancorp from $14.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, December 5th. Compass Point dropped their price objective on New York Community Bancorp to $10.00 in a research note on Thursday, October 20th. TheStreet raised New York Community Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, January 24th. DA Davidson started coverage on New York Community Bancorp in a research note on Tuesday, December 20th. They set a “neutral” rating and a $10.00 price objective for the company. Finally, Credit Suisse Group raised their price target on New York Community Bancorp from $8.50 to $10.00 and gave the company a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.95.
New York Community Bancorp Stock Up 1.6 %
NYSE NYCB opened at $10.15 on Thursday. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $4.73 billion, a PE ratio of 8.12, a PEG ratio of 0.85 and a beta of 1.02. New York Community Bancorp, Inc. has a 1 year low of $8.17 and a 1 year high of $11.88. The business’s 50-day moving average is $9.11 and its 200 day moving average is $9.38.
New York Community Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 16th. Shareholders of record on Monday, February 6th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 3rd. This represents a $0.68 annualized dividend and a yield of 6.70%. New York Community Bancorp’s payout ratio is 54.40%.
New York Community Bancorp Company Profile
New York Community Bancorp, Inc is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993, and is headquartered in Westbury, NY.
Further Reading
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider New York Community Bancorp, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and New York Community Bancorp wasn’t on the list.
While New York Community Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
First Republic Investment Management Inc. boosted its stake in shares of Terreno Realty Co. (NYSE:TRNO – Get Rating) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,444 shares of the real estate investment trust’s stock after buying an additional 2,046 shares during the quarter. First Republic Investment Management Inc. owned 0.05% of Terreno Realty worth $2,196,000 as of its most recent filing with the Securities and Exchange Commission.
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Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRNO. Advisor Group Holdings Inc. grew its position in Terreno Realty by 6.8% during the first quarter. Advisor Group Holdings Inc. now owns 3,948 shares of the real estate investment trust’s stock worth $320,000 after buying an additional 253 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Terreno Realty by 55.4% in the first quarter. MetLife Investment Management LLC now owns 39,255 shares of the real estate investment trust’s stock valued at $2,907,000 after purchasing an additional 13,997 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Terreno Realty by 17.2% in the first quarter. Rhumbline Advisers now owns 137,608 shares of the real estate investment trust’s stock valued at $10,190,000 after purchasing an additional 20,239 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Terreno Realty by 6.0% in the first quarter. Great West Life Assurance Co. Can now owns 63,883 shares of the real estate investment trust’s stock valued at $4,907,000 after purchasing an additional 3,589 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Terreno Realty by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,336,796 shares of the real estate investment trust’s stock valued at $98,993,000 after purchasing an additional 22,692 shares in the last quarter. 98.53% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Terreno Realty news, Director Leroy E. Carlson sold 4,000 shares of the stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $58.49, for a total transaction of $233,960.00. Following the transaction, the director now owns 37,791 shares of the company’s stock, valued at $2,210,395.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.40% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on TRNO. Piper Sandler reduced their price target on shares of Terreno Realty from $73.00 to $69.00 and set an “overweight” rating on the stock in a report on Friday, October 7th. BTIG Research reduced their price target on shares of Terreno Realty from $94.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, October 17th. TheStreet raised shares of Terreno Realty from a “c+” rating to a “b-” rating in a report on Wednesday, November 30th. Stifel Nicolaus assumed coverage on shares of Terreno Realty in a research note on Wednesday, October 12th. They set a “buy” rating and a $62.00 price objective on the stock. Finally, Scotiabank downgraded shares of Terreno Realty from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $73.00 to $54.00 in a research note on Monday, October 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Terreno Realty has an average rating of “Moderate Buy” and an average price target of $66.67.
Terreno Realty Stock Performance
NYSE:TRNO opened at $64.43 on Wednesday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.38. The company has a market cap of $4.90 billion, a P/E ratio of 28.38 and a beta of 0.79. Terreno Realty Co. has a fifty-two week low of $50.36 and a fifty-two week high of $81.01. The firm’s 50 day moving average is $59.11 and its two-hundred day moving average is $58.79.
Terreno Realty (NYSE:TRNO – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The company had revenue of $70.80 million for the quarter, compared to analysts’ expectations of $66.95 million. Terreno Realty had a return on equity of 8.14% and a net margin of 65.44%. Analysts expect that Terreno Realty Co. will post 1.97 EPS for the current year.
Terreno Realty Profile
Terreno Realty Corp. operates as a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W.
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Before you consider Terreno Realty, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Terreno Realty wasn’t on the list.
While Terreno Realty currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) will release its earnings data after the market closes on Wednesday, February 8th. Analysts expect Apollo Commercial Real Estate Finance to post earnings of $0.35 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Apollo Commercial Real Estate Finance Trading Up 2.6 %
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Shares of NYSE ARI opened at $12.17 on Wednesday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 6.47 and a beta of 1.55. Apollo Commercial Real Estate Finance has a 12-month low of $7.91 and a 12-month high of $14.55. The company has a current ratio of 22.02, a quick ratio of 22.02 and a debt-to-equity ratio of 0.62. The stock’s 50 day simple moving average is $11.55 and its 200 day simple moving average is $11.30.
Apollo Commercial Real Estate Finance Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 11.50%. The ex-dividend date of this dividend was Thursday, December 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 74.47%.
Analysts Set New Price Targets
Several research firms recently commented on ARI. Bank Of America (Bofa) began coverage on Apollo Commercial Real Estate Finance in a research report on Tuesday, November 22nd. They issued a “neutral” rating and a $12.00 target price on the stock. Bank of America restated a “neutral” rating and issued a $12.00 target price on shares of Apollo Commercial Real Estate Finance in a research report on Monday, November 21st. Credit Suisse Group lowered their target price on Apollo Commercial Real Estate Finance to $11.00 in a research report on Thursday, October 13th. StockNews.com began coverage on Apollo Commercial Real Estate Finance in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Apollo Commercial Real Estate Finance from $11.00 to $9.50 and set an “underweight” rating on the stock in a research report on Monday, October 24th.
Insider Activity
In related news, CEO Stuart Rothstein bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were acquired at an average cost of $11.18 per share, for a total transaction of $167,700.00. Following the acquisition, the chief executive officer now directly owns 452,676 shares of the company’s stock, valued at approximately $5,060,917.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is owned by insiders.
Hedge Funds Weigh In On Apollo Commercial Real Estate Finance
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Apollo Commercial Real Estate Finance by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 15,281,156 shares of the real estate investment trust’s stock worth $126,833,000 after acquiring an additional 158,216 shares during the last quarter. State Street Corp boosted its position in shares of Apollo Commercial Real Estate Finance by 2.4% in the second quarter. State Street Corp now owns 5,263,454 shares of the real estate investment trust’s stock worth $56,764,000 after buying an additional 122,504 shares during the period. Invesco Ltd. boosted its position in shares of Apollo Commercial Real Estate Finance by 24.6% in the first quarter. Invesco Ltd. now owns 2,715,545 shares of the real estate investment trust’s stock worth $37,827,000 after buying an additional 536,101 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,422,681 shares of the real estate investment trust’s stock worth $19,819,000 after buying an additional 64,753 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Apollo Commercial Real Estate Finance by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 1,378,310 shares of the real estate investment trust’s stock worth $19,200,000 after buying an additional 13,735 shares during the period. 54.57% of the stock is currently owned by institutional investors and hedge funds.
Apollo Commercial Real Estate Finance Company Profile
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust, which originates, acquires, invests in, and manages performing commercial real estate mortgage loans, subordinate financings, and other commercial real estate-related debt investments. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Apollo Commercial Real Estate Finance, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Apollo Commercial Real Estate Finance wasn’t on the list.
While Apollo Commercial Real Estate Finance currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Nisa Investment Advisors LLC raised its holdings in shares of Camden Property Trust (NYSE:CPT – Get Rating) by 7.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,737 shares of the real estate investment trust’s stock after purchasing an additional 5,189 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.07% of Camden Property Trust worth $8,926,000 as of its most recent filing with the Securities & Exchange Commission.
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A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CPT. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Camden Property Trust by 9.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,365 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 207 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Camden Property Trust during the first quarter worth $961,000. Natixis Advisors L.P. lifted its holdings in Camden Property Trust by 14.3% during the 1st quarter. Natixis Advisors L.P. now owns 11,555 shares of the real estate investment trust’s stock worth $1,920,000 after purchasing an additional 1,450 shares in the last quarter. Prudential PLC bought a new position in shares of Camden Property Trust in the first quarter valued at approximately $421,000. Finally, Cetera Investment Advisers increased its holdings in Camden Property Trust by 17.2% during the 1st quarter. Cetera Investment Advisers now owns 1,680 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 246 shares during the period. Institutional investors own 93.25% of the company’s stock.
Camden Property Trust Stock Down 1.5 %
Shares of NYSE:CPT opened at $119.78 on Tuesday. The stock has a market capitalization of $12.76 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 3.05 and a beta of 0.74. The stock’s 50-day moving average price is $115.23 and its 200-day moving average price is $122.14. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12-month low of $107.90 and a 12-month high of $175.69.
Camden Property Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 16th were given a dividend of $0.94 per share. The ex-dividend date was Thursday, December 15th. This represents a $3.76 annualized dividend and a yield of 3.14%. Camden Property Trust’s payout ratio is 49.54%.
Analysts Set New Price Targets
A number of research firms have recently commented on CPT. The Goldman Sachs Group reduced their price target on shares of Camden Property Trust from $158.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, October 18th. Piper Sandler lowered their target price on shares of Camden Property Trust from $165.00 to $142.00 and set an “overweight” rating on the stock in a research note on Friday, October 7th. TheStreet cut shares of Camden Property Trust from a “b” rating to a “c+” rating in a research note on Monday, November 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Camden Property Trust from $153.00 to $140.00 in a research report on Wednesday, January 4th. Finally, Truist Financial dropped their price objective on shares of Camden Property Trust from $160.00 to $136.00 and set a “buy” rating for the company in a report on Tuesday, November 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $142.69.
Insiders Place Their Bets
In other news, CAO Michael P. Gallagher sold 1,332 shares of the stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total transaction of $149,943.24. Following the completion of the sale, the chief accounting officer now owns 28,110 shares of the company’s stock, valued at $3,164,342.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Heather J. Brunner sold 1,278 shares of the business’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total transaction of $143,864.46. Following the transaction, the director now owns 9,473 shares in the company, valued at approximately $1,066,375.61. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Michael P. Gallagher sold 1,332 shares of the company’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total value of $149,943.24. Following the transaction, the chief accounting officer now directly owns 28,110 shares of the company’s stock, valued at approximately $3,164,342.70. The disclosure for this sale can be found here. Insiders have sold 12,902 shares of company stock valued at $1,452,378 in the last ninety days. Company insiders own 2.00% of the company’s stock.
About Camden Property Trust
Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It focus on investing in markets characterized by high-growth economic conditions, strong employment, and attractive quality of life.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Camden Property Trust, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Camden Property Trust wasn’t on the list.
While Camden Property Trust currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.