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morgan stanley raises target price for ollies bargain outlet stock
Congress Asset Management Co. significantly increased its stake in Ollie's Bargain Outlet by 181.6% in Q4, now holding 1,916,584 shares valued at $210.3 million. Other institutional investors, including State Street Corp and Invesco Ltd., also raised their positions. Analysts have mixed ratings on the stock, with a consensus "Moderate Buy" and a target price of $120.14, despite recent earnings missing expectations.
RLJ Lodging Trust reported earnings of $0.33 per share, exceeding estimates by $0.36, with quarterly revenue of $329.99 million. The company announced a quarterly dividend of $0.15, yielding 6.69%, and has a payout ratio of 222.22%. Analysts maintain a "Hold" rating, with a consensus target price of $10.79.
umh properties stock receives hold rating with target price of 21.25
UMH Properties, Inc., a public equity REIT with 135 manufactured home communities across several states, currently holds a "Hold" rating with a consensus target price of $21.25. The company reported a quarterly earnings per share of $0.24, exceeding estimates, and recently declared a quarterly dividend of $0.215 per share, yielding 4.71%. Institutional investors own 75.40% of the stock, with notable increases in holdings from firms like Charles Schwab and State Street.
safety insurance group sees mixed analyst ratings and institutional investment activity
Charles Schwab Investment Management Inc. increased its stake in Safety Insurance Group, Inc. by 2.8%, owning 239,565 shares valued at approximately $19.74 million. Despite a Hold rating from analysts, the company reported a quarterly EPS of $0.94, missing estimates, and announced a quarterly dividend of $0.90, yielding 4.65%.
b riley upgrades spok to buy with increased price target
B. Riley upgraded Spok Holdings, Inc. from "neutral" to "buy," raising the price target from $15.00 to $20.00. The company reported a quarterly EPS of $0.18, missing estimates, and announced a quarterly dividend of $0.3125, reflecting a 7.82% yield. Institutional investors hold 50.81% of Spok's stock.
asset managers retreat from climate investments amid political and economic pressures
Asset managers are retreating from climate-related investments following the inauguration of President Trump, who has dismissed climate change and withdrawn the US from the Paris Agreement. Major firms like BlackRock and leading US banks have exited climate-focused alliances, impacting global financing for climate initiatives, particularly in vulnerable regions like Southeast Asia. This shift has led to a significant decline in support for climate resolutions and a notable withdrawal of funds from climate-focused investments, highlighting the challenges facing the sector.
Truist Financial received several price target upgrades from various analysts, with Raymond James raising it to $51 and Compass Point to $56, while HSBC upgraded its rating to "buy" with a $50 target. The company reported a quarterly EPS of $0.91, exceeding estimates, and announced a quarterly dividend of $0.52, yielding 5.09%. Institutional investors hold 71.28% of the stock, reflecting strong interest in the financial services firm.
institutional investors increase stakes in boeing amid mixed analyst ratings
State Street Corp now holds 27,778,195 shares of Boeing, valued at $4.22 billion, after acquiring 636,594 shares recently. Geode Capital Management increased its stake by 29.5%, while Northern Trust Corp boosted its holdings by 33.6%. Institutional investors own 64.82% of Boeing, which has a current "Moderate Buy" rating among analysts, despite a recent price target increase by Wells Fargo indicating potential downside.
Aurora Innovation, a self-driving technology company, holds a "Hold" rating with a consensus price target of $8.08. Institutional investors own 44.71% of its stock, with significant increases in holdings from firms like JPMorgan and Citigroup. The company's shares opened at $6.97, with a market cap of $12.13 billion and a 52-week range of $2.10 to $10.77.
paramount global reports mixed earnings and announces quarterly dividend payment
Zurcher Kantonalbank increased its stake in Paramount Global (NASDAQ: PARA) by 46% in Q4, holding 155,452 shares valued at $1.63 million. Other institutional investors also raised their positions, with 73% of the stock owned by such entities. Analysts have mixed ratings on the stock, with a consensus "Hold" and an average price target of $12.10. Paramount recently reported a quarterly loss of $0.11 per share, missing estimates, and announced a dividend of $0.05 per share, yielding 1.71%.