Hutchens & Kramer Investment Management Group LLC cut its stake in Simon Property Group, Inc. (NYSE:SPG – Free Report) by 40.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,860 shares of the real estate investment trust’s stock after selling 1,949 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Simon Property Group were worth $330,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Tradition Wealth Management LLC purchased a new position in shares of Simon Property Group during the 1st quarter valued at about $87,000. Raymond James Trust N.A. raised its stake in shares of Simon Property Group by 4.0% during the first quarter. Raymond James Trust N.A. now owns 6,923 shares of the real estate investment trust’s stock worth $775,000 after acquiring an additional 269 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of Simon Property Group by 30.9% in the 2nd quarter. AE Wealth Management LLC now owns 19,588 shares of the real estate investment trust’s stock worth $2,262,000 after acquiring an additional 4,621 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Simon Property Group by 38.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 12,520 shares of the real estate investment trust’s stock valued at $1,402,000 after purchasing an additional 3,452 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Simon Property Group by 9.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,094,873 shares of the real estate investment trust’s stock valued at $128,626,000 after purchasing an additional 98,185 shares during the last quarter. Institutional investors own 84.73% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on SPG shares. StockNews.com initiated coverage on shares of Simon Property Group in a report on Thursday, August 17th. They set a “hold” rating for the company. Stifel Nicolaus upped their price target on Simon Property Group from $130.00 to $139.00 in a research note on Wednesday, July 12th. JPMorgan Chase & Co. decreased their target price on shares of Simon Property Group from $125.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, August 29th. Wolfe Research upgraded shares of Simon Property Group from a “peer perform” rating to an “outperform” rating and set a $127.00 target price on the stock in a report on Wednesday, July 5th. Finally, Truist Financial cut their target price on shares of Simon Property Group from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Tuesday, August 29th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.36.
Check Out Our Latest Stock Report on Simon Property Group
Simon Property Group Price Performance
SPG traded up $0.33 during trading on Wednesday, hitting $109.48. 492,006 shares of the company traded hands, compared to its average volume of 1,508,786. The company has a market cap of $35.82 billion, a PE ratio of 16.59, a P/E/G ratio of 4.62 and a beta of 1.54. Simon Property Group, Inc. has a 1 year low of $88.41 and a 1 year high of $133.08. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 7.67. The stock’s 50-day simple moving average is $116.86 and its two-hundred day simple moving average is $112.47.
Simon Property Group Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $1.90 per share. This is a positive change from Simon Property Group’s previous quarterly dividend of $1.85. The ex-dividend date is Thursday, September 7th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 6.94%. Simon Property Group’s dividend payout ratio (DPR) is presently 115.50%.
About Simon Property Group
Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
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Before you consider Simon Property Group, 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 Simon Property Group wasn’t on the list.
While Simon Property Group currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
If a company’s CEO, COO, and CFO were all selling shares of their stock, would you want to know?
SG Americas Securities LLC cut its position in Commercial Metals (NYSE:CMC – Free Report) by 40.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,248 shares of the basic materials company’s stock after selling 9,545 shares during the quarter. SG Americas Securities LLC’s holdings in Commercial Metals were worth $750,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Quarry LP acquired a new position in Commercial Metals in the 1st quarter valued at $30,000. Sunbelt Securities Inc. acquired a new position in Commercial Metals in the 1st quarter valued at $30,000. Geneos Wealth Management Inc. raised its holdings in Commercial Metals by 920.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,020 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 920 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new position in Commercial Metals in the 1st quarter valued at $49,000. Finally, WealthPLAN Partners LLC acquired a new position in Commercial Metals in the 1st quarter valued at $59,000. 82.64% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Commercial Metals news, CEO Barbara Smith sold 32,243 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $52.47, for a total value of $1,691,790.21. Following the completion of the transaction, the chief executive officer now owns 401,542 shares of the company’s stock, valued at approximately $21,068,908.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Commercial Metals news, CEO Barbara Smith sold 32,243 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $52.47, for a total value of $1,691,790.21. Following the completion of the transaction, the chief executive officer now owns 401,542 shares of the company’s stock, valued at approximately $21,068,908.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Ty L. Garrison sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $54.98, for a total value of $274,900.00. Following the completion of the sale, the senior vice president now owns 106,408 shares in the company, valued at approximately $5,850,311.84. The disclosure for this sale can be found here. Insiders sold a total of 124,247 shares of company stock valued at $6,800,216 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have weighed in on CMC. StockNews.com cut Commercial Metals from a “buy” rating to a “hold” rating in a report on Monday, September 4th. BMO Capital Markets boosted their price target on Commercial Metals from $56.00 to $58.00 in a report on Friday, June 23rd. Finally, UBS Group began coverage on Commercial Metals in a report on Tuesday, July 11th. They set a “buy” rating and a $63.00 price target for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $57.83.
Check Out Our Latest Report on Commercial Metals
Commercial Metals Price Performance
Shares of CMC opened at $49.52 on Wednesday. Commercial Metals has a 12-month low of $35.22 and a 12-month high of $58.09. The business has a 50-day simple moving average of $54.71 and a two-hundred day simple moving average of $50.07. The company has a quick ratio of 2.34, a current ratio of 3.68 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5.78 billion, a PE ratio of 6.12 and a beta of 1.32.
Commercial Metals Profile
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.
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Essex Property Trust (NYSE:ESS – Get Free Report) had its target price dropped by analysts at Mizuho from $221.00 to $219.00 in a report released on Tuesday, FlyOnTheWall reports. Mizuho’s target price would indicate a potential upside of 1.24% from the company’s previous close.
Several other analysts have also commented on ESS. Stifel Nicolaus lowered Essex Property Trust from a “buy” rating to a “hold” rating and raised their target price for the stock from $245.00 to $250.00 in a report on Monday, July 17th. Morgan Stanley raised their target price on Essex Property Trust from $228.50 to $244.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 19th. Truist Financial lowered Essex Property Trust from a “buy” rating to a “hold” rating and raised their target price for the stock from $255.00 to $266.00 in a report on Monday, August 28th. Citigroup lowered Essex Property Trust from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $280.00 to $260.00 in a report on Thursday, September 7th. Finally, JPMorgan Chase & Co. raised their target price on Essex Property Trust from $252.00 to $268.00 and gave the stock a “neutral” rating in a report on Monday, August 21st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $243.20.
Read Our Latest Analysis on ESS
Essex Property Trust Trading Up 0.3 %
Shares of NYSE:ESS opened at $216.31 on Tuesday. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 2.24 and a beta of 0.77. Essex Property Trust has a 52-week low of $195.03 and a 52-week high of $249.66. The business has a 50-day moving average price of $236.02 and a 200-day moving average price of $224.81. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.03.
Hedge Funds Weigh In On Essex Property Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in Essex Property Trust by 94.8% during the second quarter. Barclays PLC now owns 106,598 shares of the real estate investment trust’s stock worth $24,974,000 after buying an additional 51,887 shares during the last quarter. Portside Wealth Group LLC acquired a new position in Essex Property Trust during the second quarter worth $382,000. Virginia Retirement Systems ET AL acquired a new position in Essex Property Trust during the second quarter worth $1,446,000. Orion Portfolio Solutions LLC boosted its stake in Essex Property Trust by 8.4% during the second quarter. Orion Portfolio Solutions LLC now owns 1,174 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 91 shares during the last quarter. Finally, Imprint Wealth LLC acquired a new position in Essex Property Trust during the second quarter worth $18,243,000. Institutional investors and hedge funds own 92.93% of the company’s stock.
Essex Property Trust Company Profile
Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.
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While Essex Property Trust currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
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Bartlett & Co. LLC grew its stake in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Free Report) by 12,720.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,025 shares of the real estate investment trust’s stock after purchasing an additional 15,900 shares during the quarter. Bartlett & Co. LLC’s holdings in Apollo Commercial Real Estate Finance were worth $187,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its stake in shares of Apollo Commercial Real Estate Finance by 721.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,310 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 3,785 shares in the last quarter. Belpointe Asset Management LLC increased its stake in shares of Apollo Commercial Real Estate Finance by 154.8% in the 1st quarter. Belpointe Asset Management LLC now owns 9,173 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 5,573 shares in the last quarter. Metropolitan Life Insurance Co NY increased its stake in shares of Apollo Commercial Real Estate Finance by 11.7% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,666 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 907 shares in the last quarter. Covestor Ltd increased its stake in shares of Apollo Commercial Real Estate Finance by 131.9% in the 1st quarter. Covestor Ltd now owns 7,213 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 4,102 shares in the last quarter. Finally, Point72 Middle East FZE bought a new position in shares of Apollo Commercial Real Estate Finance in the 4th quarter worth about $106,000. 53.74% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, Director Mark C. Biderman sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $10.60, for a total value of $106,000.00. Following the transaction, the director now owns 66,485 shares of the company’s stock, valued at $704,741. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Mark C. Biderman sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $10.60, for a total value of $106,000.00. Following the transaction, the director now owns 66,485 shares of the company’s stock, valued at $704,741. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $11.80, for a total transaction of $472,000.00. Following the completion of the transaction, the chief executive officer now directly owns 530,766 shares in the company, valued at approximately $6,263,038.80. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several analysts recently commented on ARI shares. StockNews.com started coverage on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, August 17th. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised shares of Apollo Commercial Real Estate Finance from an “underweight” rating to a “neutral” rating and set a $10.50 price objective on the stock in a research report on Wednesday, August 2nd. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and a consensus price target of $11.10.
Read Our Latest Stock Report on ARI
Apollo Commercial Real Estate Finance Stock Performance
Shares of NYSE ARI opened at $10.43 on Tuesday. The firm’s 50-day moving average price is $10.83 and its 200-day moving average price is $10.38. The company has a quick ratio of 49.19, a current ratio of 49.19 and a debt-to-equity ratio of 0.65. The company has a market cap of $1.47 billion, a PE ratio of 13.55 and a beta of 1.62. Apollo Commercial Real Estate Finance, Inc. has a 52-week low of $7.91 and a 52-week high of $12.74.
Apollo Commercial Real Estate Finance Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.42%. The ex-dividend date is Thursday, September 28th. Apollo Commercial Real Estate Finance’s payout ratio is 181.82%.
Apollo Commercial Real Estate Finance Profile
Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. It is qualified as a REIT under the Internal Revenue Code.
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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 Apollo Commercial Real Estate Finance, you’ll want to hear this.
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While Apollo Commercial Real Estate Finance currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
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Valeo Financial Advisors LLC purchased a new position in shares of Gladstone Commercial Co. (NASDAQ:GOOD – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,019 shares of the real estate investment trust’s stock, valued at approximately $124,000.
Other hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in Gladstone Commercial during the first quarter worth about $30,000. Money Concepts Capital Corp purchased a new position in shares of Gladstone Commercial during the 4th quarter worth about $30,000. Federated Hermes Inc. acquired a new stake in shares of Gladstone Commercial in the first quarter worth approximately $37,000. Parallel Advisors LLC grew its holdings in Gladstone Commercial by 73.8% in the first quarter. Parallel Advisors LLC now owns 2,523 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,071 shares during the period. Finally, FMR LLC increased 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 worth $93,000 after purchasing an additional 911 shares during the last quarter. Institutional investors and hedge funds own 46.33% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of Gladstone Commercial in a research note on Thursday, August 17th. They set a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.83.
Get Our Latest Research Report on Gladstone Commercial
Gladstone Commercial Trading Down 1.1 %
Shares of GOOD stock opened at $12.31 on Tuesday. Gladstone Commercial Co. has a fifty-two week low of $10.84 and a fifty-two week high of $20.12. The firm’s 50 day moving average price is $13.23 and its two-hundred day moving average price is $12.53. The stock has a market cap of $491.42 million, a price-to-earnings ratio of -47.35, a price-to-earnings-growth ratio of 1.40 and a beta of 1.12. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 4.10.
Gladstone Commercial (NASDAQ:GOOD – Get Free Report) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.55). Gladstone Commercial had a net margin of 1.40% and a return on equity of 1.07%. The business had revenue of $38.66 million for the quarter, compared to analyst estimates of $37.20 million. On average, analysts anticipate that Gladstone Commercial Co. will post 1.48 EPS for the current year.
Gladstone Commercial Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.75%. The ex-dividend date of this dividend is Wednesday, September 20th. Gladstone Commercial’s payout ratio is -461.54%.
About Gladstone Commercial
Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States.
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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.
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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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Wedge Capital Management L L P NC increased its stake in Commercial Metals (NYSE:CMC – Free Report) by 26.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,091 shares of the basic materials company’s stock after purchasing an additional 32,833 shares during the period. Wedge Capital Management L L P NC owned 0.13% of Commercial Metals worth $8,167,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc raised its position in shares of Commercial Metals by 82.1% during the 1st quarter. IFP Advisors Inc now owns 60,061 shares of the basic materials company’s stock valued at $1,448,000 after acquiring an additional 27,074 shares during the last quarter. UBS Group AG boosted its stake in Commercial Metals by 91.7% in the 4th quarter. UBS Group AG now owns 64,343 shares of the basic materials company’s stock worth $3,108,000 after purchasing an additional 30,777 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of Commercial Metals during the 1st quarter worth about $1,648,000. Harbor Capital Advisors Inc. boosted its stake in shares of Commercial Metals by 16.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,959 shares of the basic materials company’s stock worth $156,000 after buying an additional 425 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Commercial Metals during the 4th quarter worth about $89,000. Institutional investors own 82.64% of the company’s stock.
Insider Buying and Selling at Commercial Metals
In other Commercial Metals news, CEO Barbara Smith sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $50.65, for a total value of $2,532,500.00. Following the sale, the chief executive officer now owns 433,785 shares in the company, valued at $21,971,210.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Ty L. Garrison sold 5,000 shares of Commercial Metals stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $54.98, for a total transaction of $274,900.00. Following the transaction, the senior vice president now owns 106,408 shares in the company, valued at $5,850,311.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Barbara Smith sold 50,000 shares of Commercial Metals stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $50.65, for a total transaction of $2,532,500.00. Following the transaction, the chief executive officer now owns 433,785 shares in the company, valued at approximately $21,971,210.25. The disclosure for this sale can be found here. Insiders have sold 174,247 shares of company stock worth $9,332,716 over the last quarter. Corporate insiders own 1.20% of the company’s stock.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. StockNews.com cut shares of Commercial Metals from a “buy” rating to a “hold” rating in a report on Monday, September 4th. UBS Group assumed coverage on shares of Commercial Metals in a report on Tuesday, July 11th. They issued a “buy” rating and a $63.00 price target on the stock. Finally, BMO Capital Markets increased their price target on shares of Commercial Metals from $56.00 to $58.00 in a report on Friday, June 23rd. Four 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, the company currently has a consensus rating of “Hold” and a consensus price target of $57.83.
Read Our Latest Analysis on CMC
Commercial Metals Stock Performance
NYSE CMC opened at $49.75 on Monday. The company has a current ratio of 3.68, a quick ratio of 2.34 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 6.15 and a beta of 1.32. The firm’s 50 day simple moving average is $54.94 and its 200 day simple moving average is $50.06. Commercial Metals has a 1 year low of $35.22 and a 1 year high of $58.09.
Commercial Metals (NYSE:CMC – Get Free Report) last issued its earnings results on Thursday, June 22nd. The basic materials company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.18. Commercial Metals had a net margin of 10.72% and a return on equity of 26.49%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business posted $2.61 earnings per share. The company’s quarterly revenue was down 6.8% on a year-over-year basis. As a group, research analysts expect that Commercial Metals will post 7.56 earnings per share for the current fiscal year.
About Commercial Metals
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.
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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.
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While Commercial Metals currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
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Impact Partnership Wealth LLC acquired a new position in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 51,919 shares of the real estate investment trust’s stock, valued at approximately $588,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its holdings in Apollo Commercial Real Estate Finance by 721.0% in the first quarter. Geneos Wealth Management Inc. now owns 4,310 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 3,785 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in Apollo Commercial Real Estate Finance by 154.8% in the first quarter. Belpointe Asset Management LLC now owns 9,173 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 5,573 shares during the last quarter. Metropolitan Life Insurance Co NY grew its holdings in Apollo Commercial Real Estate Finance by 11.7% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,666 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 907 shares during the last quarter. Covestor Ltd grew its holdings in Apollo Commercial Real Estate Finance by 131.9% in the first quarter. Covestor Ltd now owns 7,213 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 4,102 shares during the last quarter. Finally, Point72 Middle East FZE acquired a new stake in Apollo Commercial Real Estate Finance in the fourth quarter valued at $106,000. Institutional investors and hedge funds own 53.74% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. JPMorgan Chase & Co. raised Apollo Commercial Real Estate Finance from an “underweight” rating to a “neutral” rating and set a $10.50 price objective on the stock in a research note on Wednesday, August 2nd. StockNews.com assumed coverage on Apollo Commercial Real Estate Finance in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and a consensus price target of $11.10.
Check Out Our Latest Analysis on Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance Trading Up 1.3 %
NYSE ARI traded up $0.13 during trading hours on Friday, hitting $10.38. 779,161 shares of the company’s stock were exchanged, compared to its average volume of 737,091. The business’s 50 day moving average is $10.86 and its 200-day moving average is $10.39. Apollo Commercial Real Estate Finance, Inc. has a 12-month low of $7.91 and a 12-month high of $12.74. The firm has a market capitalization of $1.47 billion, a P/E ratio of 13.48 and a beta of 1.62. The company has a debt-to-equity ratio of 0.65, a quick ratio of 49.19 and a current ratio of 49.19.
Apollo Commercial Real Estate Finance Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.40 annualized dividend and a yield of 13.49%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 181.82%.
Insider Buying and Selling
In related news, CEO Stuart Rothstein sold 40,000 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $11.80, for a total transaction of $472,000.00. Following the transaction, the chief executive officer now directly owns 530,766 shares in the company, valued at $6,263,038.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $11.80, for a total value of $472,000.00. Following the transaction, the chief executive officer now directly owns 530,766 shares in the company, valued at approximately $6,263,038.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark C. Biderman sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $10.60, for a total value of $106,000.00. Following the completion of the transaction, the director now owns 66,485 shares in the company, valued at $704,741. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.
About Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. It is qualified as a REIT under the Internal Revenue Code.
Further Reading
Want to see what other hedge funds are holding ARI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Free Report).
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While Apollo Commercial Real Estate Finance currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
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Perpetual Ltd lowered its holdings in American Homes 4 Rent (NYSE:AMH – Free Report) by 25.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 38,892 shares of the real estate investment trust’s stock after selling 13,620 shares during the quarter. Perpetual Ltd’s holdings in American Homes 4 Rent were worth $1,379,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in American Homes 4 Rent in the fourth quarter valued at approximately $619,235,000. Price T Rowe Associates Inc. MD raised its stake in American Homes 4 Rent by 5,494.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,876,063 shares of the real estate investment trust’s stock worth $172,808,000 after acquiring an additional 4,788,904 shares in the last quarter. Centersquare Investment Management LLC lifted its position in American Homes 4 Rent by 725.9% in the first quarter. Centersquare Investment Management LLC now owns 4,816,638 shares of the real estate investment trust’s stock valued at $192,810,000 after acquiring an additional 4,233,435 shares during the last quarter. Vanguard Group Inc. lifted its position in American Homes 4 Rent by 8.9% in the first quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock valued at $1,737,505,000 after acquiring an additional 3,533,157 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in American Homes 4 Rent by 250.4% in the first quarter. Balyasny Asset Management L.P. now owns 3,890,443 shares of the real estate investment trust’s stock valued at $122,354,000 after acquiring an additional 2,780,113 shares in the last quarter. Institutional investors and hedge funds own 83.97% of the company’s stock.
Analyst Ratings Changes
AMH has been the subject of several research reports. Barclays boosted their target price on American Homes 4 Rent from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, August 9th. Royal Bank of Canada increased their price objective on American Homes 4 Rent from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Citigroup raised their target price on shares of American Homes 4 Rent from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, July 14th. Morgan Stanley upped their price target on shares of American Homes 4 Rent from $34.50 to $37.00 and gave the company an “equal weight” rating in a research report on Friday, September 1st. Finally, Raymond James raised their price objective on shares of American Homes 4 Rent from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, American Homes 4 Rent has a consensus rating of “Hold” and a consensus price target of $37.19.
View Our Latest Stock Report on American Homes 4 Rent
American Homes 4 Rent Price Performance
Shares of AMH opened at $34.32 on Friday. The firm has a market capitalization of $12.42 billion, a PE ratio of 35.02, a P/E/G ratio of 2.78 and a beta of 0.68. The stock’s 50 day moving average is $36.05 and its two-hundred day moving average is $34.32. American Homes 4 Rent has a twelve month low of $28.78 and a twelve month high of $37.97. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.58.
American Homes 4 Rent Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio is presently 89.80%.
Insiders Place Their Bets
In related news, Director Douglas N. Benham bought 2,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $22.82 per share, for a total transaction of $45,640.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at $182,560. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Douglas N. Benham purchased 2,000 shares of American Homes 4 Rent stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost of $22.82 per share, for a total transaction of $45,640.00. Following the transaction, the director now owns 8,000 shares in the company, valued at $182,560. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Brian Reitz sold 1,800 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $37.47, for a total value of $67,446.00. Following the sale, the chief accounting officer now directly owns 36,210 shares in the company, valued at approximately $1,356,788.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,800 shares of company stock worth $1,877,023. 6.32% of the stock is owned by corporate insiders.
American Homes 4 Rent Company Profile
American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading owner, operator and developer of single-family rental homes. We’re an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties.
Read More
Want to see what other hedge funds are holding AMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Homes 4 Rent (NYSE:AMH – Free Report).
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.
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Gilman Hill Asset Management LLC lifted its holdings in shares of American Homes 4 Rent (NYSE:AMH – Free Report) by 24.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,645 shares of the real estate investment trust’s stock after purchasing an additional 3,710 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in American Homes 4 Rent were worth $661,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Xponance Inc. increased its position in shares of American Homes 4 Rent by 7.8% during the second quarter. Xponance Inc. now owns 11,769 shares of the real estate investment trust’s stock worth $417,000 after acquiring an additional 847 shares during the period. Tectonic Advisors LLC raised its position in American Homes 4 Rent by 4.9% in the 2nd quarter. Tectonic Advisors LLC now owns 85,845 shares of the real estate investment trust’s stock valued at $3,043,000 after purchasing an additional 3,987 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of American Homes 4 Rent by 26.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 19,826 shares of the real estate investment trust’s stock valued at $703,000 after buying an additional 4,162 shares during the period. Maryland State Retirement & Pension System grew its position in shares of American Homes 4 Rent by 5.0% during the second quarter. Maryland State Retirement & Pension System now owns 25,415 shares of the real estate investment trust’s stock worth $901,000 after buying an additional 1,218 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of American Homes 4 Rent by 276.8% during the second quarter. SG Americas Securities LLC now owns 18,013 shares of the real estate investment trust’s stock worth $639,000 after buying an additional 13,232 shares during the period. Hedge funds and other institutional investors own 83.97% of the company’s stock.
American Homes 4 Rent Trading Down 2.8 %
American Homes 4 Rent stock opened at $34.85 on Friday. American Homes 4 Rent has a 52 week low of $28.78 and a 52 week high of $37.97. The stock has a market cap of $12.62 billion, a PE ratio of 35.56, a P/E/G ratio of 2.86 and a beta of 0.68. The stock has a 50-day moving average price of $36.09 and a 200 day moving average price of $34.27. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.58.
American Homes 4 Rent Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. American Homes 4 Rent’s dividend payout ratio is presently 89.80%.
Wall Street Analyst Weigh In
A number of brokerages have commented on AMH. Raymond James increased their price objective on shares of American Homes 4 Rent from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, August 28th. VNET Group reaffirmed a “maintains” rating on shares of American Homes 4 Rent in a report on Friday, May 26th. Royal Bank of Canada raised their target price on American Homes 4 Rent from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Barclays upped their price objective on shares of American Homes 4 Rent from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.19.
Read Our Latest Research Report on American Homes 4 Rent
Insider Buying and Selling
In other news, Director Douglas N. Benham acquired 2,000 shares of American Homes 4 Rent stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $22.82 per share, with a total value of $45,640.00. Following the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $182,560. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other American Homes 4 Rent news, CAO Brian Reitz sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $37.47, for a total transaction of $67,446.00. Following the completion of the sale, the chief accounting officer now owns 36,210 shares in the company, valued at approximately $1,356,788.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Douglas N. Benham bought 2,000 shares of American Homes 4 Rent stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $22.82 per share, with a total value of $45,640.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at approximately $182,560. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 51,800 shares of company stock valued at $1,877,023. 6.32% of the stock is currently owned by company insiders.
American Homes 4 Rent Profile
American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading owner, operator and developer of single-family rental homes. We’re an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties.
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Want to see what other hedge funds are holding AMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Homes 4 Rent (NYSE:AMH – Free Report).
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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Camden Property Trust (NYSE:CPT – Get Free Report) had its price objective boosted by investment analysts at Barclays from $137.00 to $138.00 in a note issued to investors on Friday, FlyOnTheWall reports. Barclays‘s price target points to a potential upside of 39.10% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on CPT. JPMorgan Chase & Co. lifted their price target on shares of Camden Property Trust from $131.00 to $133.00 and gave the stock a “neutral” rating in a research report on Monday, August 21st. StockNews.com began coverage on shares of Camden Property Trust in a research report on Monday, August 21st. They issued a “hold” rating on the stock. Wells Fargo & Company boosted their price objective on shares of Camden Property Trust from $102.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, September 12th. Truist Financial boosted their price objective on shares of Camden Property Trust from $127.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Finally, BMO Capital Markets upgraded shares of Camden Property Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $125.00 to $126.00 in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Camden Property Trust currently has an average rating of “Hold” and an average price target of $128.63.
Camden Property Trust Trading Down 2.9 %
Shares of NYSE CPT opened at $99.21 on Friday. The company’s fifty day moving average is $106.95 and its 200-day moving average is $107.28. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 51.67, a P/E/G ratio of 3.18 and a beta of 0.79. Camden Property Trust has a twelve month low of $97.74 and a twelve month high of $127.60. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.74.
Institutional Trading of Camden Property Trust
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Camden Property Trust by 11.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 895 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 91 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Camden Property Trust by 57.0% during the 4th quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 94 shares during the period. Commerce Bank lifted its holdings in shares of Camden Property Trust by 2.8% during the 2nd quarter. Commerce Bank now owns 3,477 shares of the real estate investment trust’s stock worth $379,000 after acquiring an additional 95 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Camden Property Trust by 1.0% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,751 shares of the real estate investment trust’s stock worth $1,165,000 after acquiring an additional 95 shares during the period. Finally, Aurora Investment Managers LLC. lifted its holdings in shares of Camden Property Trust by 0.5% during the 1st quarter. Aurora Investment Managers LLC. now owns 19,852 shares of the real estate investment trust’s stock worth $2,081,000 after acquiring an additional 96 shares during the period. Institutional investors own 95.04% of the company’s stock.
About Camden Property Trust
Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,961 apartment homes across the United States.
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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 “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
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