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Tag: industrial

  • Analyzing Wrap Technologies (NASDAQ:WRAP) & Digital Ally Inc./NV (NASDAQ:DGLY)

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    Digital Ally Inc./NV (NASDAQ:DGLY – Get Free Report) and Wrap Technologies (NASDAQ:WRAP – Get Free Report) are both small-cap industrials companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, analyst recommendations, risk, valuation, earnings, dividends and profitability.

    Volatility and Risk

    Digital Ally Inc./NV has a beta of 0.89, meaning that its share price is 11% less volatile than the S&P 500. Comparatively, Wrap Technologies has a beta of 1.39, meaning that its share price is 39% more volatile than the S&P 500.

    Profitability

    This table compares Digital Ally Inc./NV and Wrap Technologies’ net margins, return on equity and return on assets.

    Net Margins Return on Equity Return on Assets
    Digital Ally Inc./NV -45.36% -190.13% -31.78%
    Wrap Technologies -300.11% -194.93% -83.58%

    Analyst Ratings

    This is a summary of recent ratings for Digital Ally Inc./NV and Wrap Technologies, as reported by MarketBeat.com.

    Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
    Digital Ally Inc./NV 1 0 0 1 2.50
    Wrap Technologies 1 0 0 0 1.00

    Valuation & Earnings

    This table compares Digital Ally Inc./NV and Wrap Technologies”s gross revenue, earnings per share (EPS) and valuation.

    Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
    Digital Ally Inc./NV $19.10 million 0.07 -$19.84 million ($3,222.80) 0.00
    Wrap Technologies $4.50 million 26.67 -$5.88 million ($0.30) -7.77

    Wrap Technologies has lower revenue, but higher earnings than Digital Ally Inc./NV. Wrap Technologies is trading at a lower price-to-earnings ratio than Digital Ally Inc./NV, indicating that it is currently the more affordable of the two stocks.

    Insider & Institutional Ownership

    4.2% of Digital Ally Inc./NV shares are held by institutional investors. Comparatively, 8.8% of Wrap Technologies shares are held by institutional investors. 0.0% of Digital Ally Inc./NV shares are held by company insiders. Comparatively, 33.3% of Wrap Technologies shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

    Summary

    Digital Ally Inc./NV beats Wrap Technologies on 7 of the 13 factors compared between the two stocks.

    About Digital Ally Inc./NV

    (Get Free Report)

    Digital Ally, Inc. produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices. It also provides EVO Web, a web-based software that enables police departments and security agencies to manage digital video evidence quickly and easily; FleetVU Manager, a web-based software for commercial fleet tracking and monitoring; ThermoVu, a non-contact temperature-screening instrument that measures temperature through the wrist and controls entry to facilities when temperature measurements exceed pre-determined parameters; and Shield disinfectants and cleansers, as well as other personal protective equipment and supplies, such as masks, gloves, disposable wipes, and electrostatic sprayer to health care workers and other consumers. In addition, the company offers working capital and back-office services, including insurance and benefit verification, medical treatment documentation and coding, and collections to healthcare organizations; and operates TicketSmarter.com, an online ticketing marketplace for ticket sales, partnerships, and ticket resale services for live events, including concerts, sporting events, theatres, and performing arts. Digital Ally, Inc. was founded in 2004 and is headquartered in Lenexa, Kansas.

    About Wrap Technologies

    (Get Free Report)

    Wrap Technologies, Inc., a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company’s flagship product is BolaWrap 150, a handheld remote restraint device that discharges a seven and a half-foot Kevlar tether, entangling an individual from a range of 10-25 feet. It also offers virtual reality training system, a law enforcement 3D training system employing immersive computer graphics VR with proprietary software-enabled content. It operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 2007 and is based in Tempe, Arizona.



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  • Q1 EPS Estimates for Otis Worldwide Raised by Zacks Research

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    Otis Worldwide Corporation (NYSE:OTIS – Free Report) – Research analysts at Zacks Research raised their Q1 2026 earnings per share (EPS) estimates for Otis Worldwide in a report issued on Wednesday, November 19th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.98 per share for the quarter, up from their prior estimate of $0.96. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Otis Worldwide’s current full-year earnings is $4.04 per share.

    OTIS has been the topic of several other reports. JPMorgan Chase & Co. increased their target price on shares of Otis Worldwide from $105.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada reduced their price target on Otis Worldwide from $108.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Wells Fargo & Company raised their price objective on Otis Worldwide from $93.00 to $95.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Wolfe Research set a $109.00 target price on Otis Worldwide and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Otis Worldwide in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Otis Worldwide currently has a consensus rating of “Hold” and a consensus price target of $103.71.

    Read Our Latest Stock Report on OTIS

    Otis Worldwide Stock Performance

    OTIS stock opened at $88.02 on Friday. Otis Worldwide has a one year low of $84.25 and a one year high of $106.83. The firm’s fifty day moving average is $90.48 and its 200 day moving average is $92.36. The firm has a market cap of $34.30 billion, a PE ratio of 25.96, a P/E/G ratio of 3.31 and a beta of 1.00.

    Otis Worldwide (NYSE:OTIS – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. Otis Worldwide had a net margin of 9.41% and a negative return on equity of 30.67%. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the company earned $0.96 EPS. The business’s revenue was up 4.0% on a year-over-year basis. Otis Worldwide has set its FY 2025 guidance at 4.040-4.080 EPS.

    Hedge Funds Weigh In On Otis Worldwide

    Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Otis Worldwide by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 48,587,153 shares of the company’s stock worth $4,811,100,000 after purchasing an additional 1,991,860 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Otis Worldwide by 6.7% in the first quarter. JPMorgan Chase & Co. now owns 37,920,025 shares of the company’s stock valued at $3,913,347,000 after purchasing an additional 2,396,134 shares during the last quarter. Alliancebernstein L.P. lifted its position in Otis Worldwide by 3.2% during the second quarter. Alliancebernstein L.P. now owns 19,378,760 shares of the company’s stock worth $1,918,885,000 after buying an additional 603,860 shares in the last quarter. Geode Capital Management LLC boosted its stake in Otis Worldwide by 1.2% during the second quarter. Geode Capital Management LLC now owns 10,673,127 shares of the company’s stock worth $1,057,594,000 after buying an additional 129,458 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Otis Worldwide by 4.5% during the third quarter. Franklin Resources Inc. now owns 7,419,634 shares of the company’s stock worth $678,377,000 after buying an additional 322,255 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.

    Insider Transactions at Otis Worldwide

    In other news, CAO Michael Patrick Ryan sold 3,028 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $91.69, for a total transaction of $277,637.32. Following the completion of the sale, the chief accounting officer owned 2,628 shares of the company’s stock, valued at $240,961.32. This represents a 53.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

    Otis Worldwide Announces Dividend

    The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $0.42 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.9%. Otis Worldwide’s dividend payout ratio (DPR) is presently 49.56%.

    Otis Worldwide Company Profile

    (Get Free Report)

    Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects.

    Featured Stories

    Earnings History and Estimates for Otis Worldwide (NYSE:OTIS)



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  • Empower Advisory Group LLC Trims Stock Holdings in Emerson Electric Co. $EMR

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    Empower Advisory Group LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,603 shares of the industrial products company’s stock after selling 432 shares during the period. Empower Advisory Group LLC’s holdings in Emerson Electric were worth $747,000 at the end of the most recent reporting period.

    Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of Emerson Electric in the first quarter valued at approximately $737,318,000. Pacer Advisors Inc. grew its position in shares of Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after purchasing an additional 2,138,397 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Emerson Electric by 218.7% in the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock worth $270,672,000 after purchasing an additional 1,693,999 shares during the period. Nordea Investment Management AB raised its position in shares of Emerson Electric by 19.5% in the second quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock worth $1,223,947,000 after buying an additional 1,499,000 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Emerson Electric by 6.9% during the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after buying an additional 980,652 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

    Emerson Electric Stock Performance

    NYSE EMR opened at $127.48 on Monday. The firm has a market cap of $71.62 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 2.36 and a beta of 1.30. The company has a 50-day simple moving average of $132.16 and a two-hundred day simple moving average of $130.83. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27.

    Emerson Electric (NYSE:EMR – Get Free Report) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The company had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

    Emerson Electric Increases Dividend

    The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a $0.555 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.7%. Emerson Electric’s payout ratio is 54.95%.

    Emerson Electric announced that its board has authorized a share buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

    Wall Street Analysts Forecast Growth

    A number of brokerages have recently issued reports on EMR. Daiwa Capital Markets lifted their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Barclays lifted their target price on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Wolfe Research lowered their price objective on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $149.00.

    Read Our Latest Stock Report on Emerson Electric

    About Emerson Electric

    (Free Report)

    Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.

    See Also

    Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)



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  • Cadre (NYSE:CDRE) Sets New 1-Year High After Earnings Beat

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    Shares of Cadre Holdings, Inc. (NYSE:CDRE – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $45.61 and last traded at $44.1120, with a volume of 26085 shares traded. The stock had previously closed at $42.53.

    The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Cadre had a return on equity of 13.94% and a net margin of 7.33%.The business had revenue of $155.87 million during the quarter, compared to analyst estimates of $158.96 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The company’s quarterly revenue was up 42.5% compared to the same quarter last year. Cadre has set its FY 2025 guidance at EPS.

    Cadre Announces Dividend

    The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 31st. Cadre’s dividend payout ratio is 33.93%.

    Analysts Set New Price Targets

    CDRE has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a research note on Wednesday, October 8th. Bank of America downgraded Cadre from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $38.00 to $26.00 in a research report on Wednesday, August 13th. Roth Capital reissued a “buy” rating and set a $44.00 price objective on shares of Cadre in a research note on Friday, October 10th. Wall Street Zen upgraded Cadre from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Lake Street Capital raised their price target on Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cadre presently has a consensus rating of “Hold” and a consensus price target of $37.67.

    Check Out Our Latest Stock Report on CDRE

    Institutional Trading of Cadre

    A number of hedge funds have recently bought and sold shares of CDRE. Greenhouse Funds LLLP grew its position in Cadre by 8.4% during the second quarter. Greenhouse Funds LLLP now owns 2,743,265 shares of the company’s stock valued at $87,373,000 after acquiring an additional 213,298 shares during the last quarter. Reinhart Partners LLC. purchased a new stake in shares of Cadre in the 3rd quarter valued at $70,205,000. Vanguard Group Inc. boosted its stake in shares of Cadre by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company’s stock valued at $42,415,000 after purchasing an additional 41,476 shares in the last quarter. Fred Alger Management LLC grew its holdings in shares of Cadre by 20.9% during the 1st quarter. Fred Alger Management LLC now owns 826,528 shares of the company’s stock valued at $24,473,000 after purchasing an additional 143,119 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd purchased a new position in Cadre in the 2nd quarter worth $21,872,000. Institutional investors own 43.95% of the company’s stock.

    Cadre Stock Performance

    The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.56 and a current ratio of 3.64. The company has a market cap of $1.77 billion, a PE ratio of 38.87, a PEG ratio of 1.63 and a beta of 1.36. The business’s 50-day moving average is $37.32 and its 200 day moving average is $34.09.

    Cadre Company Profile

    (Get Free Report)

    Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.

    Read More



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  • Raymond James Financial Raises Toromont Industries (TSE:TIH) Price Target to C$150.00

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    Toromont Industries (TSE:TIH – Get Free Report) had its price objective boosted by equities researchers at Raymond James Financial from C$125.00 to C$150.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s price objective suggests a potential downside of 9.80% from the stock’s current price.

    Several other analysts have also commented on TIH. Canaccord Genuity Group raised their price objective on Toromont Industries from C$160.00 to C$172.00 and gave the company a “buy” rating in a report on Monday. National Bankshares raised their price objective on Toromont Industries from C$164.00 to C$176.00 and gave the company an “outperform” rating in a report on Monday. BMO Capital Markets raised their price objective on Toromont Industries to C$178.00 in a report on Friday. TD Securities raised their price objective on Toromont Industries from C$154.00 to C$179.00 in a report on Friday, October 17th. Finally, CIBC raised their price objective on Toromont Industries from C$148.00 to C$168.00 and gave the company a “neutral” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Toromont Industries has a consensus rating of “Moderate Buy” and a consensus target price of C$172.88.

    Check Out Our Latest Stock Report on Toromont Industries

    Toromont Industries Stock Performance

    TIH stock traded down C$2.21 during trading on Monday, hitting C$166.30. 150,551 shares of the company traded hands, compared to its average volume of 150,086. The stock’s 50-day simple moving average is C$152.86 and its 200 day simple moving average is C$134.62. The company has a debt-to-equity ratio of 23.04, a current ratio of 2.37 and a quick ratio of 1.38. The company has a market cap of C$13.53 billion, a PE ratio of 28.14, a P/E/G ratio of 3.72 and a beta of 0.64. Toromont Industries has a 1 year low of C$107.32 and a 1 year high of C$168.56.

    Insider Buying and Selling

    In related news, insider Mike Cuddy sold 7,500 shares of Toromont Industries stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of C$146.00, for a total transaction of C$1,095,000.00. Following the transaction, the insider owned 36,955 shares in the company, valued at approximately C$5,395,430. This trade represents a 16.87% decrease in their ownership of the stock. Also, Director David Allan Malinauskas sold 6,000 shares of Toromont Industries stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of C$146.10, for a total value of C$876,600.00. Company insiders own 0.27% of the company’s stock.

    About Toromont Industries

    (Get Free Report)

    Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems.

    Further Reading

    Analyst Recommendations for Toromont Industries (TSE:TIH)



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  • Opinion | The Oct. 7 Warning for the U.S. on China

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    Hamas’s shock troops poured across Israel’s border two years ago, kidnapping, raping and killing civilian men, women and children. Israel’s bitter experience offers lessons America should learn before our own moment of reckoning.

    The most important is that the hypothetical war can actually happen. Even if we’re intellectually prepared, there’s a risk that years of relative peace has lulled us into a false sense of security. The Israeli defense establishment never truly believed Hamas would launch a full-scale invasion. They viewed Gaza as a chronic but manageable problem—one for diplomats and intelligence officers, distant from the daily concerns of citizens. Israeli politicians and generals also spoke of open conflict with the Iran-led Islamist axis much like their American counterparts speak of China and a Taiwan crisis—the pacing threat and the most likely test, yes, but ultimately a question for tomorrow. Then tomorrow came.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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  • Northern Trust Corp Has $110.88 Million Stake in Crown Holdings, Inc. $CCK

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    Northern Trust Corp lifted its holdings in Crown Holdings, Inc. (NYSE:CCK – Free Report) by 13.7% during the 1st quarter, Holdings Channel reports. The fund owned 1,242,250 shares of the industrial products company’s stock after acquiring an additional 149,339 shares during the quarter. Northern Trust Corp’s holdings in Crown were worth $110,883,000 at the end of the most recent reporting period.

    Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in Crown by 47.6% in the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 107 shares during the last quarter. Signaturefd LLC increased its stake in shares of Crown by 161.2% in the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock valued at $35,000 after buying an additional 245 shares in the last quarter. National Pension Service raised its holdings in shares of Crown by 74.4% in the first quarter. National Pension Service now owns 443 shares of the industrial products company’s stock valued at $40,000 after buying an additional 189 shares during the last quarter. Brooklyn Investment Group lifted its position in Crown by 39.4% during the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company’s stock worth $58,000 after buying an additional 184 shares in the last quarter. Finally, Colonial Trust Co SC grew its holdings in Crown by 88.0% during the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 352 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

    Insider Transactions at Crown

    In related news, CAO Gerard H. Gifford sold 8,222 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the transaction, the chief accounting officer directly owned 122,585 shares in the company, valued at approximately $12,617,674.05. The trade was a 6.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy J. Donahue sold 13,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total value of $1,306,760.00. Following the sale, the chief executive officer directly owned 449,056 shares of the company’s stock, valued at approximately $45,139,109.12. The trade was a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,222 shares of company stock worth $5,873,770. 0.90% of the stock is currently owned by insiders.

    Crown Stock Performance

    Shares of NYSE:CCK opened at $100.8790 on Friday. The firm’s 50 day simple moving average is $103.24 and its 200 day simple moving average is $95.47. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The company has a market capitalization of $11.74 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 1.54 and a beta of 0.74. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69.

    Crown (NYSE:CCK – Get Free Report) last issued its earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.86 by $0.29. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.81 earnings per share. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, sell-side analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

    Crown Announces Dividend

    The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 7th. Crown’s dividend payout ratio is 21.85%.

    Analyst Upgrades and Downgrades

    A number of equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of Crown from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada raised their price target on shares of Crown from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Robert W. Baird upped their price objective on Crown from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Loop Capital lifted their target price on Crown from $129.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Bank of America boosted their target price on Crown from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $120.67.

    Read Our Latest Stock Analysis on CCK

    Crown Company Profile

    (Free Report)

    Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.

    Further Reading

    Want to see what other hedge funds are holding CCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Holdings, Inc. (NYSE:CCK – Free Report).

    Institutional Ownership by Quarter for Crown (NYSE:CCK)



    Receive News & Ratings for Crown Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Crown and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Diversify Advisory Services LLC Acquires 110 Shares of The Boeing Company (NYSE:BA)

    Diversify Advisory Services LLC Acquires 110 Shares of The Boeing Company (NYSE:BA)

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    Diversify Advisory Services LLC boosted its holdings in shares of The Boeing Company (NYSE:BA – Free Report) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,415 shares of the aircraft producer’s stock after purchasing an additional 110 shares during the quarter. Diversify Advisory Services LLC’s holdings in Boeing were worth $1,026,000 at the end of the most recent quarter.

    Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing during the 2nd quarter valued at approximately $33,000. Hobbs Group Advisors LLC bought a new stake in Boeing in the 2nd quarter worth approximately $34,000. McClarren Financial Advisors Inc. increased its stake in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in Boeing in the 2nd quarter worth approximately $39,000. Institutional investors own 64.82% of the company’s stock.

    Boeing Trading Up 0.8 %

    Shares of BA stock opened at $154.24 on Thursday. The Boeing Company has a twelve month low of $146.02 and a twelve month high of $267.54. The stock has a market capitalization of $94.69 billion, a price-to-earnings ratio of -43.45 and a beta of 1.57. The stock has a fifty day simple moving average of $158.34 and a two-hundred day simple moving average of $171.24.

    Boeing (NYSE:BA – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the company earned ($3.26) EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts predict that The Boeing Company will post -5.35 EPS for the current fiscal year.

    Analyst Ratings Changes

    BA has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, October 14th. Wells Fargo & Company reduced their price objective on Boeing from $109.00 to $86.00 and set an “underweight” rating on the stock in a research note on Thursday, October 24th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday. UBS Group cut their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Stifel Nicolaus boosted their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Boeing has an average rating of “Hold” and an average price target of $190.42.

    View Our Latest Stock Analysis on BA

    Boeing Company Profile

    (Free Report)

    The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.

    Recommended Stories

    Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA – Free Report).

    Institutional Ownership by Quarter for Boeing (NYSE:BA)



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  • Acquisition of Five-Building Industrial Park in Jacksonville Announced

    Acquisition of Five-Building Industrial Park in Jacksonville Announced

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    Merritt Properties recently announced the acquisition of an existing five-building industrial park located at 5022 Gate Parkway in Jacksonville, Florida.

    Formerly known as The Meridian at Deerwood, the newly acquired property has been renamed Merritt at Gate Parkway. This strategically located site, in the heart of St. Johns Town Center, offers unparalleled access directly off the J. Turner Butler Boulevard on Gate Parkway in Duval County.

    Spanning 200,000 square feet of light industrial space across five buildings, Merritt at Gate Parkway offers immediate leasing opportunities with spaces starting at 3,500 square feet. Zoned as Industrial Business Park (IBP), the site offers 14-foot clear heights and ample parking, providing flexible industrial space for a variety of businesses.

    At the time of the acquisition, the Southside Duval County submarket reported a light industrial vacancy rate of less than three percent. Previously, the development had transitioned to a single-story office layout, but with increasing demand for small-bay light industrial spaces, Merritt Properties identified a prime opportunity to convert the property to Class A light industrial use. Plans are already underway to enhance the property by installing drive-in docks and further upgrading the facilities to meet modern industrial standards.

    Merritt at Gate Parkway is home to established tenants, including DB Structured Products and MMI.

    “With its prime location, we are thrilled to expand our light industrial presence in Jacksonville with the acquisition of Merritt at Gate Parkway, which underscores our ongoing commitment to providing quality industrial spaces in key markets,” said Pat Franklin of Merritt Properties. “We are dedicated to enhancing the park’s infrastructure to ensure that both current and future tenants benefit from a premier industrial environment.”

    “Merritt at Gate Parkway represents a tremendous opportunity for us to restore top-tier industrial space in a high-demand area,” said Gary Swatko of Merritt Properties, highlighting the significance of the site’s redevelopment potential. “The potential for redevelopment is vast, and we’re eager to transform this site into a modern, thriving industrial hub. This acquisition is a key component of our strategy to support Jacksonville’s economic growth by providing the essential infrastructure businesses need to succeed.”

    This acquisition marks a significant step in Merritt Properties’ broader expansion in Jacksonville, where the company already owns and operates Imeson Landing Business Park, another five-building industrial park. Plans are underway to expand Imeson Landing with three additional buildings. Additionally, Merritt Properties owns land in Clay County for the future development of Oakleaf Commerce Center and acquired Magnolia Park, a three-building business park, during its initial expansion into Jacksonville in 2021.

    Merritt holdings in Jacksonville now exceeds 500,000 square feet of light industrial in just two years of being in the market.

    For leasing inquiries or more information, visit Merritt at Gate Parkway.

    Established in 1967, Merritt Properties is a full-service commercial real estate firm with over 21 million square feet of office, warehouse, industrial, retail and build-to-suit throughout Maryland, Florida, North Carolina and Virginia.

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  • Inland Empire leads US in large industrial leases

    Inland Empire leads US in large industrial leases

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    It’s news but not a big surprise: The Inland Empire claimed the biggest share of top 100 industrial leases nationwide in the first half of the year.

    A couple of years have elapsed since the inland market — which covers both Riverside and San Bernardino counties — held the top spot in the regular reports by CBRE. It returned to the top spot in the recent six-month period with 15 of the top 100 industrial leases in the U.S., L.A. Business First reports. 

    The 15 deals combined for 13.5 million square feet, with nearly half of them new leases.

    The Inland Empire got a second nod related to the overall top spot, laying claim to the most industrial lease deals of 1 million square feet or more during the period.

    The region’s industrial market turned white hot during the pandemic, when the trend toward digital commerce and home delivery drove inordinate demand. From 2021 to 2023 it was not unusual for spec distribution centers of hundreds of thousands of square feet to find tenants to sign leases for entire developments before construction was completed.

    But the Inland Empire and the rest of the country saw demand drop over the past year, as some big tenants, such as Amazon.com, sorted out their needs and trimmed space.

    The Dallas-Fort Worth market supplanted the Inland Empire as the hottest industrial market in 2023, based on CBRE’s data, but fell back to second place nationwide for the first six months of this year with nine large leases combining for 8 million square feet.  Memphis finished third, also with nine leases that together accounted for 6.1 million square feet.

    Ian Britton, CBRE managing director and regional leader for the Inland Empire, told L.A.Business First that the deals in the region over 2024’s first six months reflect a trend of big tenants consolidating distribution operations in bigger facilities. 

    “Although deals are taking longer to make and there is less urgency among tenants, larger occupiers are taking advantage of the opportunity to right-size their supply chains and become more efficient,” Britton said in a statement. “Many are consolidating multiple facilities under one roof, improving demand in the 1 million-square-foot-plus size range.”

    Average lease rates nationwide, which are around 70 cents a square foot, rose by 7.7 percent in the first half compared to a year earlier. The average rate in the Inland Empire was around $1.24 per square foot.

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  • OC billionaire sells pair of Irvine office buildings for $60M

    OC billionaire sells pair of Irvine office buildings for $60M

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    A publicity shy billionaire boss of a hedge fund has gone from steady buyer to opportunistic seller of office properties in the Orange County white-collar hub of Irvine.

    C. Frederick Taylor’s TGS Management got $60 million for a total of 165,000 or so square feet of vacant office space over two buildings at 1 and 3 Banting, the Orange County Business Journal reported. TGS had crafted plans to redevelop the office properties into a distribution complex, which appears to fit the pattern of the Chicago-based buyer Bridge Industrial.

    The deal for the low-slung office buildings in the Irvine Spectrum commercial district came to about $435 per square foot, more than triple the price an undisclosed buyer paid last week for the Class A office, 52-story office tower at 777 South Figueroa Street in downtown Los Angeles. The comparison is somewhat skewed by the 12 acres of land that come with the two buildings in Irvine.

    TGS, a hedge fund driven by quantitative analysis, recently leased the entire 115,000 square feet of nearby building at 17500 Laguna Canyon Road, within the Irvine Company’s Spectrum Terrace.

    Taylor has a net worth of around $3.6 billion, according to the Business Journal’s latest OC’s Wealthiest list. His firm acquired the two buildings on Banting for about $50 million in 2021.

    Neither Taylor, who has long shunned any spotlight, nor Bridge Industrial offered comments on the deal.

    A move by the new owner to carry through on the redevelopment plan of TGS would put the site among the bigger office-to-industrial conversions in the Irvine Spectrum, an area that blends Class A office space and warehouses and distribution hubs next to a major mall that bears the same name. The area is especially attractive for distribution, criss-crossed by the 5 and 405 freeways and the local 133 toll road.

    The formerly white-hot industrial market of Southern California has cooled recently but remains strong by historical measures. Orange County stands out in the broader region, with the lowest industrial vacancy rate at 4.6 percent, according to JLL, and an average asking rate on leases of $1.62 per square foot.

    TGS made waves in Irvine when it paid $240 million to FivePoint Holdings, master developer of Great Park Neighborhoods in Irvine, for 42.1 acres of vacant land there.

    TGS has not made its plans for the site public.

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  • Duke Energy Florida to Reduce Rates for Second Time This Year

    Duke Energy Florida to Reduce Rates for Second Time This Year

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    For the second time this year, a typical Duke Energy Florida customer will see lower electric bills, this time because of a rate reduction the company is proposing to begin in June to reflect anticipated lower fuel prices.

    The company filed a fuel midcourse rate request with the Florida Public Service Commission to account for lower projections for natural gas costs.

    Under the proposal, a typical Florida residential customer with a monthly usage of 1,000 kWh would see their bill decline by $5.90, or almost 4%. The savings would be on top of a $11.29 decrease, or about 6%, a decrease that typical residential bills began showing in January.

    Similarly, typical commercial and industrial customers will see a bill decrease between 3.5% and 7.0%, varying based on factors, such as industry type and differences in customer use patterns.

    “With fuel prices expected to decline, we have an opportunity to lower rates for a second time this year for our customers, just as we prepare for the higher energy usage that come with summer months,” said Melissa Seixas, Duke Energy Florida state president. “We remain committed to providing the best possible price for Florida’s growing population, while delivering the reliable power and customer service our customers deserve today, tomorrow and for many years to come.”

    Duke Energy Florida ensures customers receive the best service to their homes, businesses and communities through expertly managing its fuel resources, and its complex systems of power generation, transformers, wires and poles across 13,000 square miles – 24 hours a day, 365 days a year, under the most challenging conditions.

    The company also offers several easy-to-use energy efficiency programs and tools to help Florida customers have more control over their energy use and bills.

    Duke Energy Florida, a subsidiary of Duke Energy, owns 12,300 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.

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  • U.S. bank lending holds steady in latest week

    U.S. bank lending holds steady in latest week

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    The numbers: Commercial and industrial loans — a key economic driver — held roughly steady in the week ending July 5, the Federal Reserve said Friday. Loans rose $200 million to $2.754 trillion, the central bank said.

    Bank lending has been slowly decelerating, falling for three straight months. C&I loans hit a peak of $2.82 trillion in mid-March, right before the collapse of Silicon Valley Bank.


    Uncredited

    Key details: Total bank deposits rose by $24.9 million to $17.367 trillion in the same week. Deposits have been shrinking slowly. They peaked at $18. 21 billion in mid-April.

    Big picture: In the wake of the collapse of Silicon Valley Bank in March, economists have been watching the data carefully for signs of a credit crunch, as banks have weak balance sheets as a result of the Fed’s swift increases in interest rates since March 2022.

    San Francisco Fed President Mary Daly said Monday she hadn’t seen credit tightening that is in excess of normal.

    “I do think, from research literature, that this takes a while to show itself, and so I think we are still looking into the fall before we would have a declarative statement to make about the extent of credit tightening and the impact on the economy,” Daly said.

    Market reaction: Stocks
    DJIA,
    +0.33%

    SPX,
    -0.10%
    finished the week higher on Friday. The yield on the 10-year Treasury note
    TMUBMUSD10Y,
    3.832%
    rose to 3.83%.

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  • April U.S. factory orders rise for fourth gain in five months

    April U.S. factory orders rise for fourth gain in five months

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    Orders for manufactured goods rose 0.4% in April, the Commerce Department said Monday. It is the fourth increase in factory-goods orders in the past five months.

    Economists surveyed by the Wall Street Journal were expecting a 0.6% rise.

    The gain was led by transportation equipment. Excluding that sector, orders were down 0.2%.

    Durable-goods orders rose 1.1% in April, unrevised from the initial estimate last week. The advance durable-goods data is always released ahead of the full report. Nondurable-goods orders fell 0.1% in April.

    Orders for nondefense capital goods, excluding aircraft, rose a revised 1.3% in April, down slightly from the prior estimate of a 1.4% increase. The gain was led by computers and machinery.

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  • U.S. industrial output was flat in February

    U.S. industrial output was flat in February

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    The numbers: U.S. industrial production was flat in February, the Federal Reserve reported Friday.

    The unchanged reading was in line with economists expectations, according to a survey by The Wall Street Journal.

    Output rose a revised 0.3% in January, revised up from the initial estimate of a flat reading, but there were deep declines in November and December.

    Key details: Manufacturing output downshifted to a slim 0.1% rise in February after a strong 1% gain in the prior month. 

    Motor vehicles and parts output fell 0.3% after a 0.6% jump in January. Excluding autos, total industrial output was unchanged.

    Utilities output rose 0.5% in February. Mining output, which includes oil and natural gas, fell 0.6% after a 2% gain in the prior month.

    Big picture: The softness in manufacturing is expected to continue as interest rates have moved higher. Credit conditions are expected to tighten in the wake of the worries surrounding regional banks.

    Market reaction: Stocks
    DJIA,
    -0.95%

    SPX,
    -0.63%
    were set to open lower on Friday. The yield on the 10-year Treasury note
    TMUBMUSD10Y,
    3.449%
    fell to 3.47%.

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  • Global Industrial Hemp Market 2023 – 2028: Featuring Marijuana Company of America, American Cannabis Company, Ecofibre, Aurora Cannabis, Agropur and D… – Medical Marijuana Program Connection

    Global Industrial Hemp Market 2023 – 2028: Featuring Marijuana Company of America, American Cannabis Company, Ecofibre, Aurora Cannabis, Agropur and D… – Medical Marijuana Program Connection

    [ad_1]

    Dublin, Feb. 15, 2023 (GLOBE NEWSWIRE) — The “Industrial Hemp Market, Global Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis” report has been added to ResearchAndMarkets.com’s offering.

    This report provides a complete analysis of Worldwide Industrial Hemp Industry. The Global Industrial Hemp Market will grow to US$ 15.01 Billion in 2028, according to the publisher.

    Company Analysis

    • Marijuana Company of America Inc.
    • American Cannabis Company, Inc.
    • Ecofibre Limited
    • Aurora cannabis
    • Agropur
    • Darling ingredients Inc.

    The hemp industry worldwide is booming, with a new crop of entrepreneurs ready to battle the odds and bet big on the versatile plant by creating innovative products that fit right into the wellness zeitgeist. Industrial hemp is a versatile plant that can be built up for its fiber, seed, or oil.

    Over time, industrial hemp has evolved into an even greater variety of products, including health foods, organic body care, clothing, construction materials, biofuels, plastic composites, and more.

    Furthermore, The U.S. Department of Agriculture created a regulatory framework around hemp production…

    Original Author Link click here to read complete story..

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  • 20 dividend stocks with high yields that have become more attractive right now

    20 dividend stocks with high yields that have become more attractive right now

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    Income-seeking investors are looking at an opportunity to scoop up shares of real estate investment trusts. Stocks in that asset class have become more attractive as prices have fallen and cash flow is improving.

    Below is a broad screen of REITs that have high dividend yields and are also expected to generate enough excess cash in 2023 to enable increases in dividend payouts.

    REIT prices may turn a corner in 2023

    REITs distribute most of their income to shareholders to maintain their tax-advantaged status. But the group is cyclical, with pressure on share prices when interest rates rise, as they have this year at an unprecedented scale. A slowing growth rate for the group may have also placed a drag on the stocks.

    And now, with talk that the Federal Reserve may begin to temper its cycle of interest-rate increases, we may be nearing the time when REIT prices rise in anticipation of an eventual decline in interest rates. The market always looks ahead, which means long-term investors who have been waiting on the sidelines to buy higher-yielding income-oriented investments may have to make a move soon.

    During an interview on Nov 28, James Bullard, president of the Federal Reserve Bank of St. Louis and a member of the Federal Open Market Committee, discussed the central bank’s cycle of interest-rate increases meant to reduce inflation.

    When asked about the potential timing of the Fed’s “terminal rate” (the peak federal funds rate for this cycle), Bullard said: “Generally speaking, I have advocated that sooner is better, that you do want to get to the right level of the policy rate for the current data and the current situation.”

    Fed’s Bullard says in MarketWatch interview that markets are underpricing the chance of still-higher rates

    In August we published this guide to investing in REITs for income. Since the data for that article was pulled on Aug. 24, the S&P 500
    SPX,
    -0.29%
    has declined 4% (despite a 10% rally from its 2022 closing low on Oct. 12), but the benchmark index’s real estate sector has declined 13%.

    REITs can be placed broadly into two categories. Mortgage REITs lend money to commercial or residential borrowers and/or invest in mortgage-backed securities, while equity REITs own property and lease it out.

    The pressure on share prices can be greater for mortgage REITs, because the mortgage-lending business slows as interest rates rise. In this article we are focusing on equity REITs.

    Industry numbers

    The National Association of Real Estate Investment Trusts (Nareit) reported that third-quarter funds from operations (FFO) for U.S.-listed equity REITs were up 14% from a year earlier. To put that number in context, the year-over-year growth rate of quarterly FFO has been slowing — it was 35% a year ago. And the third-quarter FFO increase compares to a 23% increase in earnings per share for the S&P 500 from a year earlier, according to FactSet.

    The NAREIT report breaks out numbers for 12 categories of equity REITs, and there is great variance in the growth numbers, as you can see here.

    FFO is a non-GAAP measure that is commonly used to gauge REITs’ capacity for paying dividends. It adds amortization and depreciation (noncash items) back to earnings, while excluding gains on the sale of property. Adjusted funds from operations (AFFO) goes further, netting out expected capital expenditures to maintain the quality of property investments.

    The slowing FFO growth numbers point to the importance of looking at REITs individually, to see if expected cash flow is sufficient to cover dividend payments.

    Screen of high-yielding equity REITs

    For 2022 through Nov. 28, the S&P 500 has declined 17%, while the real estate sector has fallen 27%, excluding dividends.

    Over the very long term, through interest-rate cycles and the liquidity-driven bull market that ended this year, equity REITs have fared well, with an average annual return of 9.3% for 20 years, compared to an average return of 9.6% for the S&P 500, both with dividends reinvested, according to FactSet.

    This performance might surprise some investors, when considering the REITs’ income focus and the S&P 500’s heavy weighting for rapidly growing technology companies.

    For a broad screen of equity REITs, we began with the Russell 3000 Index
    RUA,
    -0.04%    ,
    which represents 98% of U.S. companies by market capitalization.

    We then narrowed the list to 119 equity REITs that are followed by at least five analysts covered by FactSet for which AFFO estimates are available.

    If we divide the expected 2023 AFFO by the current share price, we have an estimated AFFO yield, which can be compared with the current dividend yield to see if there is expected “headroom” for dividend increases.

    For example, if we look at Vornado Realty Trust
    VNO,
    +1.03%    ,
    the current dividend yield is 8.56%. Based on the consensus 2023 AFFO estimate among analysts polled by FactSet, the expected AFFO yield is only 7.25%. This doesn’t mean that Vornado will cut its dividend and it doesn’t even mean the company won’t raise its payout next year. But it might make it less likely to do so.

    Among the 119 equity REITs, 104 have expected 2023 AFFO headroom of at least 1.00%.

    Here are the 20 equity REITs from our screen with the highest current dividend yields that have at least 1% expected AFFO headroom:

    Company

    		 Ticker

    		 Dividend yield

    		 Estimated 2023 AFFO yield

    		 Estimated “headroom”

    		 Market cap. ($mil)

    		 Main concentration
    Brandywine Realty Trust

    		 BDN,
    +2.12%         		11.52%

    		 12.82%

    		 1.30%

    		 $1,132

    		 Offices
    Sabra Health Care REIT Inc.

    		 SBRA,
    +2.41%         		9.70%

    		 12.04%

    		 2.34%

    		 $2,857

    		 Health care
    Medical Properties Trust Inc.

    		 MPW,
    +2.53%         		9.18%

    		 11.46%

    		 2.29%

    		 $7,559

    		 Health care
    SL Green Realty Corp.

    		 SLG,
    +2.25%         		9.16%

    		 10.43%

    		 1.28%

    		 $2,619

    		 Offices
    Hudson Pacific Properties Inc.

    		 HPP,
    +1.41%         		9.12%

    		 12.69%

    		 3.57%

    		 $1,546

    		 Offices
    Omega Healthcare Investors Inc.

    		 OHI,
    +1.23%         		9.05%

    		 10.13%

    		 1.08%

    		 $6,936

    		 Health care
    Global Medical REIT Inc.

    		 GMRE,
    +2.55%         		8.75%

    		 10.59%

    		 1.84%

    		 $629

    		 Health care
    Uniti Group Inc.

    		 UNIT,
    +0.55%         		8.30%

    		 25.00%

    		 16.70%

    		 $1,715

    		 Communications infrastructure
    EPR Properties

    		 EPR,
    +0.86%         		8.19%

    		 12.24%

    		 4.05%

    		 $3,023

    		 Leisure properties
    CTO Realty Growth Inc.

    		 CTO,
    +2.22%         		7.51%

    		 9.34%

    		 1.83%

    		 $381

    		 Retail
    Highwoods Properties Inc.

    		 HIW,
    +0.99%         		6.95%

    		 8.82%

    		 1.86%

    		 $3,025

    		 Offices
    National Health Investors Inc.

    		 NHI,
    +2.59%         		6.75%

    		 8.32%

    		 1.57%

    		 $2,313

    		 Senior housing
    Douglas Emmett Inc.

    		 DEI,
    +0.87%         		6.74%

    		 10.30%

    		 3.55%

    		 $2,920

    		 Offices
    Outfront Media Inc.

    		 OUT,
    +0.89%         		6.68%

    		 11.74%

    		 5.06%

    		 $2,950

    		 Billboards
    Spirit Realty Capital Inc.

    		 SRC,
    +1.15%         		6.62%

    		 9.07%

    		 2.45%

    		 $5,595

    		 Retail
    Broadstone Net Lease Inc.

    		 BNL,
    -0.30%         		6.61%

    		 8.70%

    		 2.08%

    		 $2,879

    		 Industial
    Armada Hoffler Properties Inc.

    		 AHH,
    +0.00%         		6.38%

    		 7.78%

    		 1.41%

    		 $807

    		 Offices
    Innovative Industrial Properties Inc.

    		 IIPR,
    +1.42%         		6.24%

    		 7.53%

    		 1.29%

    		 $3,226

    		 Health care
    Simon Property Group Inc.

    		 SPG,
    +1.03%         		6.22%

    		 9.55%

    		 3.33%

    		 $37,847

    		 Retail
    LTC Properties Inc.

    		 LTC,
    +1.42%         		5.99%

    		 7.60%

    		 1.60%

    		 $1,541

    		 Senior housing
    Source: FactSet

    Click on the tickers for more about each company. You should read Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.

    The list includes each REIT’s main property investment type. However, many REITs are highly diversified. The simplified categories on the table may not cover all of their investment properties.

    Knowing what a REIT invests in is part of the research you should do on your own before buying any individual stock. For arbitrary examples, some investors may wish to steer clear of exposure to certain areas of retail or hotels, or they may favor health-care properties.

    Largest REITs

    Several of the REITs that passed the screen have relatively small market capitalizations. You might be curious to see how the most widely held REITs fared in the screen. So here’s another list of the 20 largest U.S. REITs among the 119 that passed the first cut, sorted by market cap as of Nov. 28:

    Company

    		 Ticker

    		 Dividend yield

    		 Estimated 2023 AFFO yield

    		 Estimated “headroom”

    		 Market cap. ($mil)

    		 Main concentration
    Prologis Inc.

    		 PLD,
    +1.63%         		2.84%

    		 4.36%

    		 1.52%

    		 $102,886

    		 Warehouses and logistics
    American Tower Corp.

    		 AMT,
    +0.75%         		2.66%

    		 4.82%

    		 2.16%

    		 $99,593

    		 Communications infrastructure
    Equinix Inc.

    		 EQIX,
    +0.80%         		1.87%

    		 4.79%

    		 2.91%

    		 $61,317

    		 Data centers
    Crown Castle Inc.

    		 CCI,
    +0.93%         		4.55%

    		 5.42%

    		 0.86%

    		 $59,553

    		 Wireless Infrastructure
    Public Storage

    		 PSA,
    +0.19%         		2.77%

    		 5.35%

    		 2.57%

    		 $50,680

    		 Self-storage
    Realty Income Corp.

    		 O,
    +0.72%         		4.82%

    		 6.46%

    		 1.64%

    		 $38,720

    		 Retail
    Simon Property Group Inc.

    		 SPG,
    +1.03%         		6.22%

    		 9.55%

    		 3.33%

    		 $37,847

    		 Retail
    VICI Properties Inc.

    		 VICI,
    +0.81%         		4.69%

    		 6.21%

    		 1.52%

    		 $32,013

    		 Leisure properties
    SBA Communications Corp. Class A

    		 SBAC,
    +0.27%         		0.97%

    		 4.33%

    		 3.36%

    		 $31,662

    		 Communications infrastructure
    Welltower Inc.

    		 WELL,
    +3.06%         		3.66%

    		 4.76%

    		 1.10%

    		 $31,489

    		 Health care
    Digital Realty Trust Inc.

    		 DLR,
    +0.63%         		4.54%

    		 6.18%

    		 1.64%

    		 $30,903

    		 Data centers
    Alexandria Real Estate Equities Inc.

    		 ARE,
    +1.49%         		3.17%

    		 4.87%

    		 1.70%

    		 $24,451

    		 Offices
    AvalonBay Communities Inc.

    		 AVB,
    +0.98%         		3.78%

    		 5.69%

    		 1.90%

    		 $23,513

    		 Multifamily residential
    Equity Residential

    		 EQR,
    +1.46%         		4.02%

    		 5.36%

    		 1.34%

    		 $23,503

    		 Multifamily residential
    Extra Space Storage Inc.

    		 EXR,
    +0.31%         		3.93%

    		 5.83%

    		 1.90%

    		 $20,430

    		 Self-storage
    Invitation Homes Inc.

    		 INVH,
    +2.15%         		2.84%

    		 5.12%

    		 2.28%

    		 $18,948

    		 Single-family residental
    Mid-America Apartment Communities Inc.

    		 MAA,
    +1.83%         		3.16%

    		 5.18%

    		 2.02%

    		 $18,260

    		 Multifamily residential
    Ventas Inc.

    		 VTR,
    +2.22%         		4.07%

    		 5.95%

    		 1.88%

    		 $17,660

    		 Senior housing
    Sun Communities Inc.

    		 SUI,
    +2.12%         		2.51%

    		 4.81%

    		 2.30%

    		 $17,346

    		 Multifamily residential
    Source: FactSet

    Simon Property Group Inc.
    SPG,
    +1.03%
    is the only REIT to make both lists.

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  • American Track Recapitalizes to Continue to Pursue Growth With DFW Capital Partners

    American Track Recapitalizes to Continue to Pursue Growth With DFW Capital Partners

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    Press Release
    –

    Dec 2, 2021


    FORT WORTH, Texas, December 2, 2021 (Newswire.com)
    –
    American Track, the Nation’s leading provider of inspection, maintenance, repair and specialized construction services for industrial railroad infrastructure, announced the closing on a recapitalization transaction led by DFW Capital Partners. Operating from nine branch offices in strategically located markets, the Company provides mission-critical services for its customers that ensure the safety, compliance, operability and flexibility of onsite railway assets. American Track serves a wide range of industries including manufacturing, petrochemical, mining, agricultural products, food and beverage, basic raw materials, ports and transload facilities across the US.

    American Track has been partnered with Hilltop Private Capital since its formation through a consolidation of two family businesses in 2016. During this time, American Track has seen great success and has grown from three locations to nine, with multiple acquisitions included. Kate Lehman, Managing Partner for Hilltop Private Capital, stated, “We are proud to have partnered with management and the company founders to create the American Track platform and to provide the resources to execute our growth strategy. We thank our capital partners PNC Mezzanine Capital and Deerpath Capital Management for their support and wish the entire American Track team continued success as it moves forward.”

    Thomas Lucario, Chief Executive Officer of American Track, commented: “Hilltop and PNC Mezzanine Capital have been excellent partners for American Track over the past five years and have led us to achieve exceptional growth. With that in mind, we are extremely excited about partnering with DFW Capital Partners as we move into our next stage of expansion into additional services and geographies. We are certain DFW will provide us with not only additional resources, but also the right leadership, perspective, and commitment to invest in our people, equipment and customers in the future.”

    Keith Pennell, Managing Partner for DFW, added, “American Track represents a unique opportunity to back a very talented operating team and a market leading operating business in what remains a highly fragmented, specialized industry. We are excited to contribute some of our prior experiences in successfully scaling field service-oriented businesses to American Track, as well as supporting a more robust organic and add-on growth strategy.”

    About American Track

    Headquartered in Fort Worth, Texas, American Track provides railroad inspection engineering, repair and maintenance, construction services for critical rail infrastructure at industrial, municipal, and logistics sites from various locations across the US. www.AmericanTrack.com

    About Hilltop Private Capital

    Hilltop is a private equity firm focused on providing flexible capital and operating resources to lower middle market companies at a growth or ownership inflection point. The firm is operated by experienced investors with a successful track record of supporting management teams to reach their strategic, operational, and financial goals.  www.HilltopPrivateCapital.com

    About PNC Mezzanine Capital

    PNC Mezzanine Capital is a flexible junior capital provider with expertise supporting buyouts, recapitalizations, and consolidation strategies. PNC MC invests in companies operating in a wide range of industries, but has particular interest in Manufacturing, Value-Added Distribution, Business Services, and Consumer Services. Since 1989, PNC Mezzanine Capital has been a stable, thoughtful junior capital partner for private equity firms, independent sponsors, entrepreneurs, and management teams. PNC MC’s approach is to underwrite the long-term business strategy of their portfolio companies, allowing them to respond constructively to the opportunities and challenges of the changing business environment. As a result, PNC Mezzanine Capital has made 190 investments in 98 portfolio companies in support of 367 transactions.  Investments are a combination of subordinated debt and equity between $10 million and $50 million in companies with strong management, proven business models, stable cash flows, and a clear plan for growth. www.pnc.com/mezzanine

    About DFW Capital Partners

    DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies catering to complex and regulated end markets, with an emphasis on healthcare and outsourced business and industrial support services. DFW has established a 20+ year track record of success in both building leading companies and recognizing attractive returns for its investors. DFW is headquartered in Teaneck, New Jersey, and maintains an office in Chevy Chase, Maryland. https://dfwcapital.com

    For More Information:

    Thomas Lucario

    info@americantrack.com

    817-439-5693

    Source: American Track

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  • Iron Horse Terminals is Fully Operational

    Iron Horse Terminals is Fully Operational

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    Press Release
    –


    updated: Jun 17, 2020


    BEAUMONT, Texas, June 17, 2020 (Newswire.com)
    –
    Iron Horse Terminals, LLC (IHT) is pleased to announce that the Beaumont, Texas rail terminal is fully operational as of the date of this release. The final step in the construction was the connection of the facility to the Houston Rail Line served by Union Pacific (UP) and Burlington Northern Santa Fe (BNSF). 

    This dual served terminal is the largest rail terminal in the Golden Triangle with 1,300+ storage spots, a 30-car maintenance facility, a 10 car transloading facility and a soon to be operational car washing facility. IHT is located on 500+ acres in the heart of the Southeast Texas petrochemical industry. 

    The master plan for the 500+ acres includes: 4,500 rail car storage spots; 75 car maintenance facility; 25 acres of transload operations; rail served warehousing; plastics repackaging facilities; and an inland container port.    

    Customers include refiners, chemical plants, plastics plants, aggregate and ready-mix suppliers, and large construction projects. 

    IHT is locally owned and operated, with the intent of being a multi-generational business. “Our plan is for IHT to become an integral part of the industry in SE Texas. The size and location of the facility, coupled with the diversity and quality of our services, will allow IHT to create efficiencies in the local industry’s supply chain,” -IHT’s President Steven Birdwell. 

    The completion of the facility is the culmination of four years of work, and much of the success is the result of hard work by our customers, employees, bankers, suppliers, vendors and contractors.

    For more information, visit www.ironhorseterminals.com

    Source: Iron Horse Terminals

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  • U.S. Lubricants Hires Jessica Sura as Director of Finance

    U.S. Lubricants Hires Jessica Sura as Director of Finance

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    Press Release
    –


    updated: May 17, 2018


    Appleton, Wisconsin, May 17, 2018 (Newswire.com)
    –
    U.S. Lubricants, a division of U.S. Venture, Inc., is pleased to announce the hiring of Jessica Sura as director of finance.

    For the last three years, Sura held the position of senior accounting manager for U.S. Oil, also a division of U.S. Venture, where she was an active participant in the budgeting process and helped to develop estimates and input into budgeting software. She worked primarily with terminal operations and unbranded business units.

    U.S. Venture is committed to finding a better way, which gives team members an opportunity to truly make an impact in the way we do business. I’m excited to join U.S. Lubricants’ great team of people who are committed to growing and developing the business.

    Jessica Sura, Director of Finance, U.S. Lubricants

    Prior to joining the U.S. Venture family, she worked for Grant Thornton as a senior audit associate where she was responsible for coordinating audit engagement activities and performing audit procedures in the areas of cash, receivables, inventory, revenues, fixed assets, debt, payroll and expense analyses.

    In her position with U.S. Lubricants, Sura will work closely with the management team to execute growth initiatives. She will also lead the division through various system conversions and implementations.

    “Jessica is known for her strong work ethic and is widely recognized for her expertise in finance. She understands our business in a way that promotes and supports the necessary decisions,” says Bill Renz, president of U.S. Lubricants. “We’re thrilled she’s joining the team.”

    Sura has a bachelor’s degree in business administration from the University of Wisconsin – Oshkosh.

    “U.S. Venture is committed to finding a better way, which gives team members an opportunity to truly make an impact in the way we do business,” Sura says. “I’m excited to join U.S. Lubricants’ great team of people who are committed to growing and developing the business.”

    ####

     

    About U.S. Lubricants
    U.S. Lubricants is a leading lubrication solutions provider offering a wide range of lubricants, lubrication services, and reliability programs for industrial, commercial, and automotive businesses.  For more information, visit www.uslube.com

    About U.S. Venture
    For more than 65 years, U.S. Venture, Inc. has been recognized as an innovative leader in the distribution of petroleum and renewable energy products, lubricants, and tires and parts for the automotive aftermarket. Guided by its company vision, “To be the very best value-adding distributor of products that vehicles consume in North America,” they deliver unconventional, creative solutions that give their customers a competitive edge. Headquartered in Appleton, Wisconsin, the company’s business divisions are U.S. Oil, U.S. AutoForce®, U.S. Lubricants and U.S. Gain.                                                                       

    Media Contact:

    Alison Fiebig

    920-243-2505

    afiebig@usventure.com

    Source: U.S. Lubricants

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