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New Strong Buy Stocks for October 14th
ZACKS· 2024-10-14 13:43
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: HireQuest, Inc. (HQI) : This company that provides temporary staffing solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days. Clipper Realty Inc. (CLPR) : This real estate company has seen the Zacks Consensus Estimate for its current year earnings increasing 43.6% over the last 60 days. HIVE Digital Technologies Ltd. (HIVE) : This miner and seller of digital currencies has se ...
Best Value Stocks to Buy for October 14th
ZACKS· 2024-10-14 12:10
Here are three stocks with buy rank and strong value characteristics for investors to consider today, October 14th: Sirius XM Holdings Inc. (SIRI) : This audio entertainment company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days. Sirius has a price-to-earnings ratio (P/E) of 7.55, compared with 11.40 for the industry. The company possesses a Value Score of A. IAMGOLD Corporation (IAG) : This intermediate gold produc ...
Best Income Stocks to Buy for October 14th
ZACKS· 2024-10-14 09:55
Group 1: Clipper Realty Inc. (CLPR) - Clipper Realty Inc. has seen a 43.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - The company has a dividend yield of 6.3%, which is higher than the industry average of 4.3% [1] Group 2: Sirius XM Holdings Inc. (SIRI) - Sirius XM Holdings Inc. has experienced a 5.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - The company offers a dividend yield of 4.3%, compared to the industry average of 0.0% [2] Group 3: HireQuest, Inc. (HQI) - HireQuest, Inc. has seen a 9.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] Group 4: General Information - The companies mentioned are all ranked 1 by Zacks, indicating strong performance potential [2][3] - The average dividend yield for the companies is competitive compared to their respective industry averages [3]
Best Value Stocks to Buy for October 9th
ZACKS· 2024-10-09 14:03
Here are three stocks with buy rank and strong value characteristics for investors to consider today, October 9th: Hyster-Yale, Inc. (HY) : This integrated company which offers a full line of lift trucks and solutions, including attachments and hydrogen fuel cell power products, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days. Hyster-Yale has a price-to-earnings ratio (P/E) of 6.7 compared with 12.10 for ...
Best Income Stocks to Buy for October 9th
ZACKS· 2024-10-09 12:21
Here are three stocks with buy rank and strong income characteristics for investors to consider today, October 9th: Clipper Realty (CLPR) : This real estate investment trust which specializes in acquiring, owning, repositioning, operating and managing asset, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 43.6% over the last 60 days. This Zacks Rank #1 (Strong Buy) company has a dividend yield of 6.6%, compared with the industry average of 4.3%. United Microelectronics (U ...
Here is Why Growth Investors Should Buy Clipper Realty (CLPR) Now
ZACKS· 2024-09-27 17:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...
All You Need to Know About Clipper Realty (CLPR) Rating Upgrade to Buy
ZACKS· 2024-09-27 17:05
Investors might want to bet on Clipper Realty Inc. (CLPR) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing ea ...
Is Clipper Realty (CLPR) Stock Undervalued Right Now?
ZACKS· 2024-09-27 14:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fu ...
Why Fast-paced Mover Clipper Realty (CLPR) Is a Great Choice for Value Investors
ZACKS· 2024-09-27 13:51
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potent ...
Clipper Realty: 8% Dividend Yield From Significantly Undervalued US Multifamily REIT, I'm Buying
Seeking Alpha· 2024-08-31 15:30
Core Viewpoint - Clipper Realty (NYSE: CLPR) is considered a strong buy due to anticipated rate cuts and its current low valuation, trading at 7.1 times annualized fiscal 2024 second quarter FFO, with a stable dividend yield of 8% [1][5]. Financial Performance - Clipper Realty reported second-quarter revenue of $37.3 million, an increase of 8.1% compared to the previous year [1][4]. - The REIT declared a quarterly cash dividend of $0.095 per share, maintaining the same distribution as prior periods, resulting in an annualized dividend of $0.38 [1][9]. - The second-quarter FFO was $0.17 per share, exceeding consensus estimates by $0.03 and showing improvement from the previous year [1][5]. - Net income was negative at $0.06 per share, but this was an improvement of approximately $0.04 per share from the year-ago quarter [3][4]. Portfolio Composition and Challenges - Clipper Realty is not exclusively a multifamily REIT, as it owns two office properties that contribute to its revenue, which has led to a discount in its valuation [2][10]. - The REIT's revenue is significantly impacted by lease expirations, particularly with the City of New York, which accounted for about 21% of total revenue in the second quarter [2][10]. - The REIT's total gross leasable area (GLA) is approximately 3.5 million square feet, with nine properties located in Manhattan and Brooklyn [2]. Market Conditions and Future Outlook - The REIT is expected to benefit from upcoming Fed rate cuts, which could alleviate the burden of its $1.24 billion in total notes payable [7][10]. - Clipper Realty's free cash flow for the second quarter was $8.8 million, up from $6.3 million in the first quarter, indicating strong cash generation capabilities [5][6]. - The REIT's market cap is approximately $77.8 million, with shares trading at $4.84, reflecting a low valuation relative to its free cash flow [5][7].