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Equity Actions

CTRE

CareTrust REIT, Inc. (NYSE:CTRE) has funded a $26.7 million mortgage loan for a skilled nursing portfolio acquisition in Tennessee, operated by affiliates of The Ensign Group, Inc. The loan, secured by a first priority lien, has a seven-year maturity and a 9.10% annual interest rate. CareTrust has an option to purchase the facilities in the future. Year-to-date investments exceed $205 million, with an investment pipeline of approximately $260 million. The company issued 11.6 million shares at $23.55 each, raising about $273.2 million, increasing outstanding shares to ~142.1 million.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:43 pm

CNHI

CNH Industrial (NYSE:CNHI) announced that its common shares listed on the NYSE will change their ticker symbol from 'CNHI' to 'CNH' starting May 20, 2024. This change also applies to the Company's 3.850% Notes due 2027, which will change from 'CNHI 27' to 'CNH 27'. The name of the legal entity, CNH Industrial N.V., will remain unchanged, and no action is required from shareholders or bondholders as the CUSIP numbers will stay the same.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:34 pm

AEL

IAC

IAC will replace American Equity Investment Life Holding (AEL) in the S&P SmallCap 600 effective May 6, marking a significant change in the index's composition.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:22 pm

ACT

Enact Holdings, Inc. (NASDAQ:ACT) announced an increase in its quarterly dividend from $0.16 to $0.185 per share and introduced a new $250M share repurchase program, in addition to the existing $100M program with $24M remaining. The dividend is payable on June 13, 2024, to shareholders of record as of May 29, 2024. The new repurchase program allows for stock purchases through various methods and may include transactions with Genworth Holdings, Inc. The initiatives reflect Enact's strong financial position and commitment to shareholder value.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:20 pm

ES

Eversource Energy has reaffirmed its financial guidance, maintaining its 2024 non-GAAP earnings projection of $4.50 to $4.67 per share. The company also reiterated its compound annual earnings growth rate of 5 to 7 percent from a 2023 base of $4.34 per share, alongside its forecast of $23.1 billion in capital investments.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:19 pm

U

Unity has announced the appointment of Matthew Bromberg as its new CEO. This strategic move aims to strengthen the company's leadership and drive further growth in its development and deployment of real-time 3D content.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:18 pm

CTVA

Corteva has reaffirmed its full-year 2024 guidance, projecting net sales between $17.4B-$17.7B and adjusted EPS of $2.70-$2.90. The company also plans to repurchase $1.0 billion of its shares and expects operating EBITDA to be in the range of $3.5B-$3.7B, indicating a 6% growth at the mid-point.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:14 pm

LPLA

LPL Financial Holdings (NASDAQ:LPLA) has been analyzed by 12 analysts, showing a mix of bullish and indifferent sentiments with no bearish views. The average 12-month price target is $284.17, up from $269.20, indicating a positive outlook. Analysts from firms like JMP Securities, TD Cowen, Morgan Stanley, Barclays, JP Morgan, and UBS have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. LPL Financial Holdings, with over 20,000 advisors and $1.3 trillion in client assets, shows strong market recognition, solid revenue growth, and effective utilization of equity and assets, despite challenges in net margin and a lower growth rate compared to peers.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 9:01 pm

KBR

Analysts have provided mixed ratings for KBR (NYSE:KBR) with a majority being bullish. The average 12-month price target for KBR is now $76.1, up 7.85% from the previous $70.56. Recent actions by analysts include raises in price targets and ratings, reflecting a positive outlook on the company's performance. KBR's financials show a market capitalization above industry average, a revenue growth rate of 7.59%, but lagging ROE and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 9:01 pm

CVLT

CommVault Systems (NASDAQ:CVLT) received diverse analyst ratings over the last three months, with a mix of bullish, somewhat bullish, and indifferent outlooks. The average 12-month price target for CVLT has been raised to $114.25, indicating a 12.29% increase from the previous target. Analysts from Lake Street, DA Davidson, RBC Capital, and Keybanc have all raised their price targets, reflecting positive adjustments based on market conditions and company performance. CommVault Systems, a provider of data and information management software, shows strong financial health with a notable revenue growth rate, high net margin, and impressive ROE and ROA, despite a below-average debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 9:00 pm