56.05 +0.17 (0.31%)
After hours: 4:25PM EDT
|Bid||55.94 x 900|
|Ask||58.43 x 1000|
|Day's Range||54.70 - 57.06|
|52 Week Range||33.25 - 91.59|
|Beta (5Y Monthly)||1.88|
|PE Ratio (TTM)||9.12|
|Earnings Date||Jul 22, 2020 - Jul 27, 2020|
|Forward Dividend & Yield||2.32 (4.21%)|
|Ex-Dividend Date||May 28, 2020|
|1y Target Est||60.43|
Evercore Inc. (NYSE:EVR) stock is about to trade ex-dividend in 4 days time. If you purchase the stock on or after the...
Evercore (NYSE: EVR) announced today that John Scuorzo has joined the Firm's Investment Banking business as a Senior Managing Director in its Capital Markets Advisory practice. He will be based in New York and Menlo Park and will focus on advising clients in the technology sector.
(Bloomberg) -- Granite Point Mortgage Trust Inc. has tapped Evercore Inc. for strategic advice as it looks for ways to shore up its financial position, according to people familiar with the matter.The New York-based company, which originates, invests in and manages commercial real estate-linked debt, is exploring financing alternatives among other options, said one of the people, who requested anonymity because the matter is private.A representative for Granite Point declined to comment, while a spokesman for Evercore also declined to comment.Granite Point in March said it had agreed to internalize its management, which is currently externally managed by Pine River Capital Management LP. As of Wednesday’s close, the company’s share price has fallen 76% since the end of 2019 to $4.36, giving it a market value of roughly $240 million. Its share price was $18.68 as recently as February 20.Mortgage REITs, or real estate investment trusts, have been roiled by the coronavirus pandemic and the subsequent lockdowns, which may prevent property owners from collecting tenant rents. This in turn may lead to missed mortgage payments and a decline in property values. The damage has been amplified by leverage and associated margin calls from financiers, which forced some firms to sell portfolios of debt at a discount.Granite Point, led by president and chief executive Jack Taylor, moved to address the impact of the pandemic in March by suspending its first-quarter dividend to “conserve available liquidity,” posting cash collateral with respect to certain loans and entering into “constructive discussions” with lenders.As of March 25, its commercial real estate investment portfolio was roughly 98.8% senior loans, with the remaining 1.2% equally split across subordinated loans and securities, the firm said. The portfolio was spread across geographies and property types, and financed through a mix of term-matched, non-mark-to-market collateralized-loan obligations and asset-specific financings, as well as secured revolving repurchase facilities.“The extraordinary macroeconomic events manifesting as a result of the COVID-19 pandemic have negatively impacted the overall level of liquidity across capital markets, including the commercial real estate loan market,” the company said at the time, adding that such events may negatively affect the performance of commercial real estate properties. “There can be no assurances that macroeconomic conditions will not worsen, which may negatively impact the company,” it added.A number of the mortgage REIT’s peers have tapped advisers in an effort to shore up liquidity amid ongoing uncertainty. Ladder Capital Corp. secured strategic financings earlier this week, as previously reported by Bloomberg. Two Harbors Investment Corp. agreed last month to pay Pine River $144 million to end its management agreement, a move designed to attract new investors.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Evercore (NYSE: EVR) announced today that Bodo Uebber has joined Evercore Germany as the Chairman of its Supervisory Board, effective April 2020. In this role, he will work closely with Eduard Kostadinov, Head of Evercore’s German Advisory business, and Walter Kuna, Vice Chairman.
Evercore (EVR) delivered earnings and revenue surprises of 17.48% and 3.21%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, NY / ACCESSWIRE / April 22, 2020 / Evercore, Inc. (NYSE:EVR) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 22, 2020 at 8:00 AM Eastern ...
Upslope Capital Management Fund has recently released its March 2020 Quarter Update. You can track down a complete report in the link here. The fund was founded by George K. Livadas in 2017. The firm's goal is to offer returns similar to equity-linked investments without taking high market risk. Among other things in the report, […]
Those holding Evercore (NYSE:EVR) shares must be pleased that the share price has rebounded 42% in the last thirty...
Evercore (EVR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Evercore (NYSE:EVR) will release its first quarter 2020 financial results on Wednesday, April 22, 2020. Evercore will host a related conference call, accessible via telephone and the internet, beginning at 8:00 a.m. Eastern Time that same day.
Denbury Resources Inc, a U.S. energy producer which specializes in bolstering well productivity with carbon dioxide, has hired investment bank Evercore Inc to advise on managing its $2.3 billion debt pile, people familiar with the matter said. Denbury has been struggling with plummeting oil prices and economic fallout of the coronavirus pandemic. The Plano, Texas-based company has tapped Evercore for advice on handling its debt, the sources said, stressing a debt restructuring is not imminent.
Public companies with a market value of $2 billion or more are eligible. Of the 1,048 such companies, 22 companies made my 30-30 Club this year Continue reading...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
To the annoyance of some shareholders, Evercore (NYSE:EVR) shares are down a considerable 55% in the last month. And...
Investors who take an interest in Evercore Inc. (NYSE:EVR) should definitely note that the Executive VP, Robert Walsh...