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Stock Prices

Oppenheimer analyst Chris Kotowski has maintained an Outperform rating on Citigroup (NYSE:C) and increased the price target from $85 to $93, indicating a positive outlook on the bank's stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:25 pm

TSLA

Wedbush analyst Dan Ives commented on Elon Musk's recent statements about wanting increased control over Tesla for AI advancements, maintaining an Outperform rating and a $350 price target on the company. Musk, owning over 12% of Tesla, suggested a dual-class voting structure to achieve around 25% voting control. Ives views AI initiatives as crucial for Tesla and believes that Musk's compensation package delay in court and his share sales for Twitter's acquisition are temporary distractions. Tesla's stock is down 3% but has seen significant growth over the past year and five years.

Portfolio Pulse from Chris Katje

January 16, 2024 | 3:21 pm

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A report by senior analyst Pablo Zuanic discusses the potential benefits of rescheduling cannabis to Schedule III, including improved cash flow and creditworthiness for U.S. cannabis companies, and easier banking access. The report also considers the impact of federal legalization of medical cannabis and the legal complexities involved. It highlights the uncertainty in the cannabis sector due to the upcoming election and the possibility of a Trump reelection, which could cap the upside for cannabis stocks. The biggest beneficiaries of the rescheduling would be StateHouse, AYR, Jushi, and The Cannabist, with Curaleaf, Trulieve, and Green Thumb paying the most taxes relative to their sales.

Portfolio Pulse from Nicolás Jose Rodriguez

January 16, 2024 | 3:19 pm

IDXX

IDEXX Laboratories Inc. (NASDAQ:IDXX) shares are trading at $530.12, with a 0.97% decrease in the current session and a 2.86% fall over the past month, despite a 10.14% rise over the past year. The company's P/E ratio of 54.57 is lower than the Health Care Equipment & Supplies industry average of 64.34, which could suggest undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 3:15 pm

LOW

Piper Sandler analyst Peter Keith has maintained an Overweight rating on Lowe's Companies (NYSE:LOW) and increased the price target from $218 to $245.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:06 pm

INBK

LCNB

First Internet (NASDAQ:INBK) has maintained a consistent dividend per share of $0.24 annually from 2020 to 2023, with the latest payout of $0.06 per share resulting in a 0.98% yield. Despite this consistency, the company's earnings per share have decreased from $2.77 in 2020 to $2.04 in 2023, raising concerns about its financial health and future dividend sustainability. INBK's dividend yield is lower than industry peers like LCNB (NASDAQ:LCNB), which has a 5.90% yield.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 3:05 pm

GPMT

IVR

Granite Point Mortgage (NYSE:GPMT) is set to distribute a dividend of $0.20 per share with an annualized yield of 13.79%. The dividend has decreased from $1.00 per share in 2021 to $0.80 in 2023. Earnings per share also declined from $1.18 in 2021 to $0.42 in 2023, indicating potential financial challenges and impacting dividend sustainability. In comparison, Invesco Mortgage Capital (NYSE:IVR) has the highest annualized dividend yield in the industry at 17.45%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 3:05 pm

CMCT

OPI

Creative Media (NASDAQ:CMCT) is distributing a dividend of $0.09 per share with an annualized yield of 10.24%. Despite an increase in dividend per share from $0.30 in 2020 to $0.34 in 2023, the company's earnings per share have decreased from $-1.69 to $-3.01, raising concerns about the sustainability of future dividends. Office Props IT (NASDAQ:OPI) leads the industry with a 20.57% dividend yield.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 3:05 pm

RVSB

UBFO

Riverview Bancorp (NASDAQ:RVSB) announced a dividend payout of $0.06 per share with an annualized yield of 3.75%. The ex-dividend date was January 4, 2024, and the dividend is payable on January 16, 2024. The company has shown a positive trend in dividend per share growth from $0.20 in 2020 to $0.24 in 2023, and earnings per share growth from $0.44 to $0.63 over the same period. Riverview Bancorp's dividend yield is mid-range compared to industry peers, with United Security (NASDAQ:UBFO) having the highest yield at 6.10%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 3:05 pm

GIPR

GNL

Global Net Lease (NYSE:GNL) announced a dividend payout of $0.35 per share with an annualized yield of 14.23%. The ex-dividend date is January 11, 2024. The company's dividend per share has decreased from $1.73 in 2020 to $1.55 in 2023, and earnings per share have also declined from $1.56 in 2020 to $1.05 in 2023, indicating potential financial challenges and impacting future dividend sustainability.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 3:05 pm