Streetbeat News

Dividends

FPH

IRS

RC

RITM

SEVN

The article provides an overview of value stocks in the real estate sector, focusing on companies with low price-to-earnings (P/E) multiples, suggesting potential undervaluation. Five Point Holdings (FPH), Seven Hills Realty Trust (SEVN), Ready Capital (RC), Rithm Capital (RITM), and IRSA Inversiones y (IRS) are highlighted as notable value stocks. The article includes recent earnings per share (EPS) data and dividend yield changes for these companies, with FPH and IRS showing increased EPS, while SEVN, RC, and RITM reported decreases in EPS and dividend yields.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 2:39 pm

REVG

REV Group has announced in an SEC filing that it will use net proceeds to return approximately $180 million to shareholders in the form of a special cash dividend of $3.00 per share.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:52 pm

REVG

REV Group's stock is trading higher following the announcement of a special dividend to shareholders. This move is likely to attract dividend investors and could be seen as a positive signal about the company's financial health and its ability to generate cash.

Portfolio Pulse from Luke J Jacobi

January 29, 2024 | 1:43 pm

BA

RYAAY

Ryanair Holdings PLC (NASDAQ:RYAAY) reported a Q3 fiscal 2024 net profit of €15 million, down from €211 million a year ago, due to higher fuel costs. Revenue grew by 17% Y/Y to €2.70 billion, with a slight decrease in load factor to 92%. Operating costs rose 26% Y/Y, primarily due to a 35% increase in fuel costs. The company announced an interim dividend of €0.175 per share. Ryanair's FY24 outlook expects traffic to grow by 9% Y/Y, with narrowed PAT guidance. Ryanair is also considering purchasing Boeing 737 MAX 10 jets rejected by U.S. customers. RYAAY shares saw a slight premarket increase of 0.34%.

Portfolio Pulse from Akanksha Bakshi

January 29, 2024 | 1:42 pm

CZWI

Citizens Community Bancorp has announced an increase in its annual dividend from $0.29 to $0.32 per share, marking a 10% increase. Additionally, the company reported a 5% increase in common equity and a growth of $46 million in deposits.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:38 pm

GM

General Motors Company (NYSE:GM) is anticipated to report Q4 earnings of $1.16 per share, down from $2.12 per share in the prior year, with projected revenue of $38.97 billion, a decrease from $43.11 billion. Cadillac is increasing production of the Lyriq EV due to high demand and better battery availability. GM's current dividend yield is 1.02%, with a quarterly dividend of 9 cents per share. To earn $500 monthly from dividends, an investment of approximately $586,345 is required. GM shares slightly rose by 0.1% to close at $35.18 on Friday.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 1:37 pm

RYAAY

Ryanair Holdings Plc has announced an interim dividend of €0.175 per share, payable on February 28, 2024, with a record date of January 19, 2024, in accordance with its new Dividend Policy established in November 2023.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:13 am

CMPS

GHRS

IXHL

PSIL

A new study suggests suggestibility plays a role in the antidepressant effects of psilocybin therapy. The EU has allocated $7M for psychedelic research for various disorders. In Australia, the first psychedelic-assisted medical treatments in 50 years were provided. Incannex Healthcare's CEO discussed the company's role in psychedelic-assisted therapies on the Benzinga Psychedelics Podcast. Psychedelics stocks showed varied performance, with COMPASS Pathways, GH Research, and Incannex Healthcare closing higher, while others like Seelos Therapeutics and Enveric Biosciences closed lower. The AdvisorShares Psychedelics ETF (PSIL) closed at $1.43.

Portfolio Pulse from Lara Goldstein

January 27, 2024 | 3:00 pm

BKH

Black Hills Corp has announced an increase in its quarterly dividend from $0.625 to $0.65 per share, reflecting a commitment to providing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 9:19 pm

BX

BMO Capital Markets analyst Étienne Ricard has maintained a Market Perform rating on Blackstone Inc. (NYSE:BX) but raised the price target from $95 to $101. Ricard predicts earnings growth resumption in 2024, driven by flagship fundraising and a favorable environment for realizations. The stock is seen to offer mid-teens fee-related earnings (FRE) growth prospects leading to 2025. Despite the positive outlook, the current valuation at 33x implied fee-related earnings is considered to fully reflect this optimism. Blackstone's Q4 distributable earnings rose 4%, beating expectations, and the company declared a $0.94 dividend and repurchased shares. The analyst expects the BREIT fund to return to positive NAV growth in H1 2024. BX shares were trading up by 0.73% to $124.39.

Portfolio Pulse from Nabaparna Bhattacharya

January 26, 2024 | 7:45 pm