|Bid||146.50 x 1400|
|Ask||147.00 x 800|
|Day's Range||145.84 - 147.88|
|52 Week Range||103.21 - 147.88|
|Beta (3Y Monthly)||0.40|
|PE Ratio (TTM)||85.13|
|Earnings Date||Oct 15, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||4.50 (3.08%)|
|1y Target Est||134.62|
Highwoods Properties' (HIW) signing of a lease with a new customer in one of the Raleigh area's BBDs having a solid credit profile reflects healthy demand for its properties.
(Bloomberg) -- Three companies — Amazon.com Inc., Microsoft Corp. and Alphabet Inc. — quietly dominate the world of cloud computing.With more more than 100 giant data centers worldwide, they rent out computing power to all manner of customers, making billions of dollars along the way. In fact, cloud computing has done more to fuel Amazon’s earnings in recent years than its e-commerce business.But there’s a threat looming on the horizon, quite literally at the edge of the network. With so many mobile devices and sensors now connected to the internet — and relying on artificial intelligence — more people and companies need their computing power close to them. For everything from fast analysis of road conditions to streaming holographic concerts, remote data centers are just too far away.That’s going to hand a huge opportunity to wireless carriers, which are building fast 5G networks to handle the task. And create a threat for the dominant cloud-computing players, according to telecom analyst Chetan Sharma. “Over time, cloud will be primarily used for storage and running longer computational models, while most of the processing of data and AI inference will take place at the edge,” said Sharma, who just wrote a report on the topic sponsored by software provider AlefEdge Inc. He pegs the size of this so-called edge-computing market at more than $4 trillion by 2030.Wireless carriers and the owners of cell towers have a big advantage in the edge-computing race: Not only do they control access to high-speed telecommunications networks, they have valuable real estate, such as tens of thousands of cell sites all over the country.Cloud computing isn’t going away by any means. But there’s more pressure on the industry’s Big Three to team up with wireless carriers, so they’re not left out of the burgeoning edge market.“The big players realize that at a minimum they need to partner up with operators to get access to their real-estate property,” Sharma said.Already, AT&T Inc. — the second-largest U.S. wireless carrier — has joined forces with Microsoft Corp. and IBM Corp., two cloud providers.“Our goal is that our partners are wildly successful,” said Sam George, a cloud executive at Microsoft. “If our partners are wildly successful, we’ll be wildly successful. There’s a lot of money to be made for partners.”Amazon and Google declined to comment on their plans.AT&T has hundreds of workers focused on edge computing, and it’s “a core part of our 5G strategy,” said Mo Katibeh, chief marketing officer of AT&T’s business division.“This is one that takes a village.”IBM, meanwhile, is also working with carrier Vodafone Group Plc in Europe.“The networks are essentially themselves becoming a cloud,” said Steve Canepa, IBM’s global managing director for the telecom industry. “The telcos today have a point of presence at the edge, and that becomes a great place to have an extension of the platform.”Cloud providers in China — such as Alibaba Group Holdings Ltd. and Tencent Holdings Ltd. — invested in carrier China Unicom two years ago. And more such investments and partnerships could be coming, Sharma said.For other tech companies, including chipmakers like Intel Corp., the hope is the shift leads to a bigger opportunity for everyone.“We see a rapid convergence between the cloud providers and connectivity providers,” said Caroline Chan, a general manager at Intel. “In our view, it’s a bigger pie.”Other telecom players are angling to team up with both carriers and cloud providers. Crown Castle International Corp., which owns fiber lines as well as more than 40,000 cell towers in the U.S., is in talks with the two camps, said Paul Reddick, a vice president at the company.Crown Castle also is an investor in startup Vapor IO, which is deploying edge computing this year in six metro areas, including Chicago.“I would say this is one that takes a village,” Reddick said.Other projects are already well underway. At CenturyLink Inc., about 100 facilities that used to store telecom equipment are now outfitted with servers. And it’s making them available to corporate customers in sectors like retail and industrial robotics.“We’ve already sold these facilities to a number of customers that need to get that compute closer to the network edge,” said Paul Savill, a senior vice president at CenturyLink. “We’ve seen enough activity in this space that we can confidently build out this infrastructure.”To contact the author of this story: Olga Kharif in Portland at firstname.lastname@example.orgTo contact the editor responsible for this story: Nick Turner at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
In a low interest rate environment, dividend stocks often come into focus. One type of dividend stock that gets attention is the real estate investment trust (REIT). To gain this status, companies must pay at least 90% of their income to shareholders in the form of dividends. Consequently, investors often look for REITs to buy because such rules lead to higher interest rates. Average yields for REITs have now climbed to 4.06%, more than double the average return of the S&P 500. * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever Investors should also note that REITs remain a dynamic sector. For example, the advent of e-commerce has hurt retail REITs and boosted industrial REITs as a large portion of retailing moved from malls to warehouses. Also, new REIT sectors sometimes emerge. For example, data center REITs came about to meet the demand for cool, wired, secured real estate to store IT equipment. Such changes bring about new REITs to buy, and these stocks offer opportunities in such emerging industries.InvestorPlace - Stock Market News, Stock Advice & Trading Tips CorEnergy Infrastructure Trust (CORR)Source: Shutterstock CorEnergy (NYSE:CORR) owns the infrastructure that runs the oil and gas industry. This includes structures such as pipelines, storage terminals and other transmission and distribution-related assets.Interestingly, as oil and gas prices struggle to gain traction, CORR stock remains one of the REITs to buy as its rise continues in this challenging environment. It now trades at just over $45 per share, a high not seen since 2012. Despite this increase, it trades at a forward price-to-earnings ratio of around 19.5.Moreover, the recent slump has not hurt profit growth. Wall Street predicts CORR stock will see profits grow by 9.3% and 23.9% next year before a slowdown in subsequent years.However, this could boost an already generous dividend payment. Right now, CORR stock pays out $3 per share. That yields around 6.6%. Although it has not risen since 2016, the current pace of profit growth could force it higher.After the current run-up, both revenue and profit growth could plateau. However, it should level off at a point that will still yield current investors a high dividend return. Crown Castle (CCI)Source: iStockphoto Among REITs to buy, Crown Castle (NYSE:CCI) specializes in what many call "vertical real estate." It owns towers throughout the world that make wireless communication possible. CNN Business's Paul R. La Monica went so far to label Crown Castle and peers American Tower (NYSE:AMT) and SBA Communications (NASDAQ:SBAC) as the "real winners" of 5G. SBA's CEO expects 5G to provide his industry with "multiple years of solid customer demand and strong growth."Hence, it should come as no surprise that CCI stock has risen to about $144 per share. It has increased by about 40% over the last year. Admittedly, this has made CCI a pricey stock as it trades at a forward P/E ratio of about 69.4.However, for this price, investors can expect to derive both significant growth and income. Analysts predict average profit growth of 21% per year over the next five years. * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure The dividend has also risen consistently after becoming a REIT in 2014. Investors currently receive $4.50 per year in payouts. This brings its dividend yield to just over 3.1%, higher than either AMT or SBAC stock. Thanks to the 5G buildout, these payouts should continue to grow for years to come. Essential Properties Realty Trust (EPRT)Source: Shutterstock Essential Properties Realty Trust (NYSE:EPRT) has only traded for a little over one year. However, this diversified REIT, which specializes in properties with one tenant, has already delivered huge returns for its investors. Restaurants, movie theaters and vet clinics are among the property types it owns.It debuted at $14 per share in June 2018. Although it saw little price action in 2018, its growth in 2019 has made it one of the best REITs to buy. After last Christmas, it began a steady rise which has now taken it north of $22 per share.But can that continue for EPRT stock?Quite possibly, yes. The move higher took its forward P/E ratio to about 34. That may seem elevated. However, with average profit growth estimated at 34.61% per year over the next five years, that multiple appears reasonable.EPRT stock pays 88 cents per share in dividends. Despite the run-up, that amounts to a yield of around 4%. As a young company, it has only made four quarterly dividend payments in its history. While that has shown no increase, the profit growth rate will force that payout to move higher. As long as that growth continues at its current pace, I think EPRT stock will continue its move higher. Innovative Industrial Properties (IIPR)Source: Shutterstock Innovative Industrial Properties (NYSE:IIPR) came about due to the emerging marijuana industry. This has created the need for spaces that provide ideal growing conditions for marijuana. This demand has gone ever higher due to hemp attaining legal status and cannabidiol (CBD) flying off store shelves.This company owns 21 properties specifically designed for producing cannabis. Over the last two years, IIPR stock has boomed. The yield of about 2.25% may look low by REIT standards; however, these payouts continue to rise. Two years ago, IIPR stock paid shareholders 15 cents per share in dividends every quarter. Now, the quarterly payout has increased to 60 cents per share.Furthermore, stock price appreciation has seen nearly as much growth. It traded below $20 per share in late 2017. Today it has risen to about $106 per share as of the time of this writing. Moreover, unlike most marijuana stocks now, it trades near its all-time high. * The 10 Best Marijuana Stocks to Buy Now To be sure, IIPR stock carries with it more risk. The forward P/E ratio has risen to 35.6. That comes in low for a cannabis stock, but high for a REIT. However, Wall Street forecasts earnings increases of 128% this year and 74.3% in fiscal 2020. As long as the cannabis industry continues to see massive growth, IIPR stock should follow suit. Omega Healthcare Investors (OHI)Source: Shutterstock Omega Healthcare (NYSE:OHI) should make REITs to buy lists for demographics as much as any company-related factor. All things healthcare continue to benefit from the fact that about 10,000 baby boomers per day age into Medicare. Between their growing need for healthcare and help to pay through Medicare, the demand for healthcare-related facilities continues to rise.Consequently, analysts project a 10% earnings increase for Omega this year. Over the next five years, they believe average profit growth will rise to 15.8%. This will significantly boost the dividend for OHI stock as it has in past years.That said, investors should treat this as an income stock. Admittedly, the stock price has seen little growth over the last five years. In August 2014, it traded near the $36 per share level. Today, OHI stock sells for just over $39 per share. Moreover, the forward P/E ratio of almost 23 does not make this REIT cheap.Still, the payout should more than compensate for these shortcomings. The current annual dividend stands at $2.64 per share, a yield of almost 6.75%. Over time, this payout tends to rise steadily. Although it has not increased since the beginning of 2018, the increasing profit should keep the payout moving higher. These profit increases and the demographic trend backing them up make OHI stock one of the better REITs to buy for the foreseeable future. Ryman Hospitality (RHP)Source: FlickrAlthough many may not recognize the Ryman Hospitality (NYSE:RHP) name, they do know its flagship property, Nashville's Gaylord Opryland Resort. They also own four other Gaylord resort properties spread across the country. The company also owns several entertainment venues in Nashville and two others outside of the area.Investors should place RHP stock on their REITs to buy list, not so much for its excitement, but a track record of mostly steady growth. The stock price has nearly doubled in value over the last five years. Shrinking profits likely contributed to a slight decline in RHP over the previous year.However, this may have given investors a buying opportunity. RHP stock trades at a forward P/E ratio of about 25.3, thanks to a temporary drop in annual profits. However, after this year, Wall Street predicts an average earnings growth rate of 15.51% for the next five years. * 7 Marijuana Penny Stocks That I May Buy Since its second REIT dividend payment in 2013, the payout has steadily increased. It now pays shareholders $3.60 per year for a yield of just over 4.3%. As the valuation falls and profits and dividends increase, long-term investors should continue to benefit from both a growth and an income standpoint. Safehold, Inc. (SAFE)Source: Shutterstock Safehold (NYSE:SAFE) has become one of the REITs to buy for its unique take on property ownership. It specializes in ground leases. They buy the property under the building, leasing it back to the building owner. This unlocks the value of the property under buildings, allowing property holders to hold less equity and push cash to use in other areas. The REIT has applied this strategy to multiple property types.Since launching their IPO in 2017, SAFE stock and its dividend initially struggled. Moreover, the dividend yield of about 2.1% has remained below REIT averages. However, the stock began to appreciate in 2019. Now trading at about $29 per share, SAFE has appreciated by about 80% since January. Also, the company raised the annual dividend by 2 cents per share in July.Those increases should continue. Wall Street also predicts profit growth for the next five years will average 42.6% per year. Furthermore, despite this massive growth, it still sells for a forward multiple of about 22.2. As long as SAFE stock can maintain this pace of profit growth, shareholders should benefit from not only the dividend but also a continually rising stock price.As of this writing, Will Healy did not hold a position in any of the aforementioned securities. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio appeared first on InvestorPlace.
Crown Castle (CCI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
HOUSTON, Aug. 08, 2019 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of.
Mack Cali's Q2 performance indicates a slowdown in leasing activity at its office and residential portfolios as well as a year-on-year decline in revenues.
Host Hotels & Resorts' (HST) Q2 performance reflects a decline in occupancy and comparable hotel RevPAR, as well as impact of The Marriott transformational capital program.
Our high-dividend stocks just keep pressing higher -- and I'm still finding attractive opportunities out there. One of them is Crown Castle International (CCI), observes Mark Skousen, editor of High-Income Alert
Rating Action: Moody's upgrades Crown Castle's wireless tower-backed 2009 ABS notes. New York, August 05, 2019 -- Moody's Investors Service (Moody's) has upgraded one class of notes issued by Crown Castle Senior Secured Notes, Series 2009-1.
As the world’s population continues to digitize, the demand for faster connectivity speeds is only growing. To meet this demand, the wireless industry has been rapidly developing 5G technologies. Based on a Research and Markets report, the global 5G market is expected to reach $277 Billion by 2025. 5G networks will cover 40% of the world by 2024 according to Ericsson, with these networks expected to handle 25% of all mobile data traffic. The introduction of 5G coverage and devices has created a new segment in the market, with some stocks representing unique investment opportunities. This new standard is expected to revolutionize online communications, and analysts are saying now’s the time to get on board. Here are the analysts’ top 3 5G stocks. T-Mobile US, Inc. (TMUS)T-Mobile is becoming a strong player in the 5G sector of the market.After drawn out lobbying and negotiations that lasted 15 months, TMUS and Sprint Corporation (S) are close to finalizing their merger after the Department of Justice gave its approval on July 29. Once the merger is finalized, TMUS will have 90 million customers and be able to compete with AT&T (T) and Verizon’s (VZ) size for the first time in its history. Both of its competitors have about 100 million customers each.Not to mention the company reported a second quarter earnings beat on July 25. EPS increased from $0.92 in the prior-year quarter to $1.29, surpassing the Street’s $0.99 estimate. Total revenue also gained 4% year-over-year reaching a record high of $11 billion. While T-Mobile has had trouble in the past with competitive pricing, the Sprint deal puts it in a position to sustain healthy long-term growth. “Price competition on the low-end — which has been a huge problem for T-Mobile over the past few years — will ease dramatically because the industry will go from Big 4 to Big 3. The company will have a much larger base heading into the mainstream development and roll-out of 5G coverage and 5G phones, giving it broader exposure to that secular growth tailwind. Broadly, this deal should significantly boost T-Mobile’s long term revenue and profit growth prospects,” financial blogger, Luke Lango, writes. Top analyst, Jennifer Fritzsche, reiterated her Buy rating and raised her price target from $82 to $98 on July 29. She believes share prices could surge by 26% over the next twelve months. “While we are still waiting on the resolution of State lawsuit, we believe this deal is a significant positive for T-Mobile,” the Wells Fargo analyst said. She has a 69% success rate and gets an average return of 8% per rating. Wall Street takes a bullish stance on TMUS as well. It has a ‘Strong Buy’ analyst consensus, with 6 Buy ratings vs 1 Hold received over the last three months. The stock has an average price target of $92, suggesting 18% upside potential. Qualcomm Inc. (QCOM)While its litigation with Apple Inc. (AAPL) has cast a shadow over the chip maker, some analysts are telling investors not to count Qualcomm out just yet. Many point to QCOM as one of the original forces behind the 5G movement. The company has a wide variety of 5G internet protocols and modem chips, with it only standing to benefit as 5G is more widely deployed. QCOM also wouldn't be negatively impacted by the T-Mobile/Sprint merger. T-Mobile now has a greater competitive advantage and the resources to offer improved 5G coverage. The better the offerings, the more 5G products that will be sold to consumers, which is good news for Qualcomm. Despite reporting an earnings miss on July 31 in which revenue dropped 13% year-over-year to almost $5 billion, the company expects a large boost in 2020 and 2021 after the widespread release of 5G smart phones. Raymond James analyst, Chris Caso, said, “While we can't be as confident in the timing, the improvement is inevitable. The near-term issues don’t change the 5G story.” On August 1, he reiterated his Buy rating and price target of $115, suggesting a whopping 62% upside. Another analyst, Tal Liani, agrees that demand weakness is a temporary issue ahead of the 5G smart phone release. On August 1, he reiterated his Buy rating and lowered the price target from $105 to $100. Despite the price target drop, he believes share prices could jump 41% over the next twelve months. “We believe Qualcomm's bull case is unchanged, with global 5G roll outs expected to increase both royalty income and demand for semiconductors beginning in 2020. Press reports suggest that all of Apple's 2020 iPhones will contain Qualcomm's 5G chipset, which could drive a 5G cycle across the entire industry," the Merrill Lynch analyst said. QCOM has a ‘Moderate Buy’ analyst consensus and a $79 average price target, indicating 11% upside potential. Crown Castle International Corporation (CCI)In order to deploy 5G coverage, an investment will have to be made in upgrading current infrastructure. The new communication standard will require smaller cell towers and antennas located within several hundred yards of mobile devices. That’s where CCI comes in. Crown Castle is one of the leading providers of shared communications infrastructure. The company operates 65,000 small cell nodes, with it planning to expand to 85,000 by 2020. It is poised to sustain its long-term growth as carrier networks will more often than not rent tower spaces as opposed to building their own. On July 17, the company not only reported that its second quarter results had exceeded the mid-point on each of its targets, but also raised its full-year profit guidance. Net income is now expected to be $926 million, up from the previous $821 million estimate. Adjusted funds from operations (AFFD) was raised to $5.94 per diluted share, up from $5.84. On August 1, CCI got a vote of confidence from J.P. Morgan. Top analyst, Philip Cusick, believes the telecom stock is well positioned to surge as connectivity continues to grow. He upgraded CCI to a Buy and raised his price target from $125 to $150, suggesting 11% upside. Cusick has a 70% success rate and gets an average return of 12% per rating.Five-star rated financial blogger, Laura Hoy, also believes that CCI is in it for the long haul. “Demand for CCI’s infrastructure will only increase as 5G gains momentum and unlike companies like VZ and TMUS, Crown Castle doesn’t have to battle it out to hold on to subscribers. CCI stock wins as long as mobile usage and the demand for connectivity is growing — and that trend looks likely to continue for the foreseeable future,” she writes. The telecom stock has a ‘Moderate Buy’ analyst consensus and a $150 average price target, indicating 11% upside potential.
The Zacks Analyst Blog Highlights: Unitil, El Paso Electric, Crown Castle International, Alexandria Real Estate Equities and Essex Property Trust
HOUSTON, Aug. 01, 2019 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that it has priced its previously announced public offering of 3.100%.
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Welltower's (WELL) Q2 results reflect growth in same-store net operating income, buoyed by decent performance across all its operating segments.
HOUSTON, Aug. 01, 2019 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that it is commencing a public offering of senior notes due 2029 and.
HOUSTON, July 31, 2019 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that Dan Schlanger, Crown Castle’s Senior Vice President and Chief.
American Tower's (AMT) solid Q2 performance indicates growth in property segmental revenues. Further, higher revenues from service segment and increase in cash from operations buoy results.