Tag: Broader

  • Hewlett Packard Enterprise (HPE) Dips More Than Broader Markets: What You Should Know

    This story originally appeared on Zacks

    Hewlett Packard Enterprise (HPE) closed at $16.62 in the latest trading session, marking a -1.89% move from the prior day. This change lagged the S&P 500’s daily loss of 1.84%. At the same time, the Dow lost 1.38%, and the tech-heavy Nasdaq lost 0.38%.

    – Zacks

    Prior to today’s trading, shares of the information technology products and services provider had gained 6.61% over the past month. This has outpaced the Computer and Technology sector’s loss of 3.8% and the S&P 500’s loss of 1.96% in that time.

    Wall Street will be looking for positivity from Hewlett Packard Enterprise as it approaches its next earnings report date. This is expected to be March 1, 2022. On that day, Hewlett Packard Enterprise is projected to report earnings of $0.46 per share, which would represent a year-over-year decline of 11.54%. Our most recent consensus estimate is calling for quarterly revenue of $7.02 billion, up 2.69% from the year-ago period.

    HPE’s full-year Zacks Consensus Estimates are calling for earnings of $2.03 per share and revenue of $28.67 billion. These results would represent year-over-year changes of +3.57% and +3.2%, respectively.

    It is also important to note the recent changes to analyst estimates for Hewlett Packard Enterprise. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

    Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

    The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Hewlett Packard Enterprise is currently sporting a Zacks Rank of #3 (Hold).

    Digging into valuation, Hewlett Packard Enterprise currently has a Forward P/E ratio of 8.37. This represents a discount compared to its industry’s average Forward P/E of 16.84.

    Also, we should mention that HPE has a PEG ratio of 1.45. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. The Computer – Integrated Systems was holding an average PEG ratio of 1.44 at yesterday’s closing price.

    The Computer – Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 237, putting it in the bottom 7% of all 250+ industries.

    The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

    Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

    Just Released: Zacks’ 7 Best Stocks for Today

    Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.

    These 7 were selected because of their superior potential for immediate breakout. 

    See these time-sensitive tickers now >>

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
     
    Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report
     
    To read this article on Zacks.com click here.

  • Arlo Technologies (ARLO) Dips More Than Broader Markets: What You Should Know

    This story originally appeared on Zacks

    Arlo Technologies (ARLO) closed at $9.57 in the latest trading session, marking a -1.75% move from the prior day. This change lagged the S&P 500’s 0.14% loss on the day. Meanwhile, the Dow lost 0.45%, and the Nasdaq, a tech-heavy index, lost 0.01%.

    – Zacks

    Prior to today’s trading, shares of the maker of smart connected devices had gained 7.86% over the past month. This has outpaced the Computer and Technology sector’s loss of 5.82% and the S&P 500’s loss of 0.13% in that time.

    Investors will be hoping for strength from Arlo Technologies as it approaches its next earnings release. In that report, analysts expect Arlo Technologies to post earnings of -$0.03 per share. This would mark year-over-year growth of 62.5%. Our most recent consensus estimate is calling for quarterly revenue of $135.74 million, up 18.2% from the year-ago period.

    Investors might also notice recent changes to analyst estimates for Arlo Technologies. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

    Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

    The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Arlo Technologies is holding a Zacks Rank of #2 (Buy) right now.

    Looking at its valuation, Arlo Technologies is holding a Forward P/E ratio of 1948. This valuation marks a premium compared to its industry’s average Forward P/E of 56.59.

    The Internet – Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 33% of all 250+ industries.

    The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

    Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

    Zacks’ Top Picks to Cash in on Artificial Intelligence

    In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.

    See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
     
    Arlo Technologies, Inc. (ARLO): Free Stock Analysis Report
     
    To read this article on Zacks.com click here.

  • Dell Technologies (DELL) Dips More Than Broader Markets: What You Should Know

    This story originally appeared on Zacks

    In the latest trading session, Dell Technologies (DELL) closed at $56.17, marking a -0.6% move from the previous day. This move lagged the S&P 500’s daily loss of 0.26%. At the same time, the Dow lost 0.16%, and the tech-heavy Nasdaq lost 0.04%.

    – Zacks

    Heading into today, shares of the computer and technology services provider had lost 1.12% over the past month, lagging the Computer and Technology sector’s gain of 2.19% and the S&P 500’s gain of 4.82% in that time.

    Dell Technologies will be looking to display strength as it nears its next earnings release, which is expected to be February 24, 2022. On that day, Dell Technologies is projected to report earnings of $1.94 per share, which would represent a year-over-year decline of 28.15%. Meanwhile, our latest consensus estimate is calling for revenue of $27.47 billion, up 5.06% from the prior-year quarter.

    For the full year, our Zacks Consensus Estimates are projecting earnings of $8.66 per share and revenue of $106.49 billion, which would represent changes of +8.25% and +12.92%, respectively, from the prior year.

    Investors should also note any recent changes to analyst estimates for Dell Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

    Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

    The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Dell Technologies currently has a Zacks Rank of #5 (Strong Sell).

    Valuation is also important, so investors should note that Dell Technologies has a Forward P/E ratio of 6.52 right now. For comparison, its industry has an average Forward P/E of 33.78, which means Dell Technologies is trading at a discount to the group.

    We can also see that DELL currently has a PEG ratio of 0.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. DELL’s industry had an average PEG ratio of 1.44 as of yesterday’s close.

    The Computers – IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries.

    The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

    Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

    Infrastructure Stock Boom to Sweep America

    A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

    The only question is “Will you get into the right stocks early when their growth potential is greatest?”

    Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

    Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
     
    Dell Technologies Inc. (DELL): Free Stock Analysis Report
     
    To read this article on Zacks.com click here.
     
    Zacks Investment Research

  • Dynatrace (DT) Dips More Than Broader Markets: What You Should Know

    Dynatrace (DT) closed the most recent trading day at $52.04, moving -1.55% from the previous trading session. This change lagged the S&P 500’s 0.72% loss on the day.

    Heading into today, shares of the software intellegence company had gained 6.68% over the past month, lagging the Computer and Technology sector’s gain of 11.47% and outpacing the S&P 500’s gain of 6.13% in that time.

    Wall Street will be looking for positivity from DT as it approaches its next earnings report date. This is expected to be May 12, 2021. The company is expected to report EPS of $0.14, up 27.27% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $191.25 million, up 27.01% from the year-ago period.

    It is also important to note the recent changes to analyst estimates for DT. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

    Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

    The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. DT is currently sporting a Zacks Rank of #3 (Hold).

    In terms of valuation, DT is currently trading at a Forward P/E ratio of 83.08. Its industry sports an average Forward P/E of 28.06, so we one might conclude that DT is trading at a premium comparatively.

    Meanwhile, DT’s PEG ratio is currently 2.34. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. DT’s industry had an average PEG ratio of 2.02 as of yesterday’s close.

    The Computers – IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 163, which puts it in the bottom 36% of all 250+ industries.

    The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

    You can find more information on all of these metrics, and much more, on Zacks.com.

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
     
    Dynatrace, Inc. (DT) : Free Stock Analysis Report
     
    To read this article on Zacks.com click here.

  • Avnet (AVT) Dips More Than Broader Markets: What You Should Know

    Avnet (AVT) closed at $38.79 in the latest trading session, marking a -1.65% move from the prior day. This change lagged the S&P 500’s daily loss of 0.81%. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, lost 1.69%.

    Prior to today’s trading, shares of the distributor of electronic components had gained 7.82% over the past month. This has outpaced the Computer and Technology sector’s gain of 3.03% and the S&P 500’s gain of 3.56% in that time.

    AVT will be looking to display strength as it nears its next earnings release. On that day, AVT is projected to report earnings of $0.55 per share, which would represent year-over-year growth of 44.74%. Our most recent consensus estimate is calling for quarterly revenue of $4.5 billion, up 4.36% from the year-ago period.

    AVT’s full-year Zacks Consensus Estimates are calling for earnings of $2 per share and revenue of $18.49 billion. These results would represent year-over-year changes of +29.87% and +4.83%, respectively.

    Any recent changes to analyst estimates for AVT should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

    Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

    The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.91% higher. AVT is currently a Zacks Rank #3 (Hold).

    Investors should also note AVT’s current valuation metrics, including its Forward P/E ratio of 19.06. This represents a premium compared to its industry’s average Forward P/E of 13.3.

    Investors should also note that AVT has a PEG ratio of 0.98 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. AVT’s industry had an average PEG ratio of 0.98 as of yesterday’s close.

    The Electronics – Parts Distribution industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 23% of all 250+ industries.

    The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

    Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
     
    Avnet, Inc. (AVT) : Free Stock Analysis Report
     
    To read this article on Zacks.com click here.

  • Marvell Technology (MRVL) Dips More Than Broader Markets: What You Should Know

    TipRanks

    2 “Strong Buy” Dividend Stocks Yielding at Least 7%

    A number of factors are coming together in the market picture, and indicate a possible change in conditions in the mid-term. These include increases in commodity prices, specifically, oil prices, which have rallied recently. In addition, the January jobs numbers, released earlier this month, were disappointing at best – and grim, at worst. They, do, however, increase the chance that President Biden and the Democratic Congress will push a large-scale COVID relief package through to fruition. These factors are likely to pull in varying directions. The rise in oil prices suggests an upcoming squeeze in supply, while the possibility of further stimulus cash bodes well for fans of market liquidity. These developments, however, point toward a possible price reflationary climate. Against this backdrop, some investors are looking for ways to rebuild and defend their portfolios. And that will bring us to dividends. By providing a steady income stream, no matter what the market conditions, a reliable dividend stock provides a pad for your investment portfolio when the share stop appreciating. And so, we’ve opened up the TipRanks database and pulled the details on two stocks with high yields – at least 7%. Even better, these stocks are seen as Strong Buys by Wall Street’s analysts. Let’s find out why. Williams Companies (WMB) The first stock we’ll look at is Williams Companies, a natural gas processing firm based in Oklahoma. Williams controls pipelines for natural gas, natural gas liquids, and oil gathering, in a network stretching from the Pacific Northwest, through the Rockies to the Gulf Coast, and across the South to the Mid-Atlantic. Williams’ core business is the processing and transport of natural gas, with crude oil and energy generation as secondary operations. The company’s footprint is huge – it handles almost one-third of all natural gas use in the US, both residential and commercial. Williams will report its 4Q20 results late this month – but a look at the Q3 results is informative. The company reported $1.93 billion at the top line, down 3.5% year-over-year but up 8.4% quarter-over-quarter, and the highest quarterly revenue so far released for 2020. Net earnings came in at 25 cents per share, flat from Q2 but up 38% year-over-year. The report was widely held as meeting or exceeding expectations, and the stock gained 7% in the two weeks after it was released. In a move that may indicate a solid Q4 earnings on the way, the company declared its next dividend, to be paid out on March 29. The 41-cent per common share payment is up 2.5% from the previous quarter, and annualizes to $1.64. At that rate, the dividend yields 7.1%. Williams has a 4-year history of dividend growth and maintenance, and typically raises the payment in the first quarter of the year. Covering the stock for RBC, 5-star analyst TJ Schultz wrote: “We believe Williams can hit the low-end of its 2020 EBITDA guidance. While we expect near-term growth in the NE to moderate, we think WMB should benefit from less than previously expected associated gas from the Permian. Given our long-term view, we estimate Williams can remain comfortably within investment grade credit metrics through our forecast period and keep the dividend intact.” To this end, Schultz rates WMB an Outperform (i.e. Buy), and his $26 price target suggests an upside of 13% in the next 12 months. (To watch Schultz’s track record, click here) With 8 recent reviews on record, including 7 Buys and just 1 Hold, WMB has earned its Strong Buy analyst consensus rating. While the stock has gained in recent months, reaching $23, the average price target of $25.71 implies it still has room for ~12% growth this year. (See WMB stock analysis on TipRanks) AGNC Investment (AGNC) Next up is AGNC Investment, a real estate investment trust. It’s no surprise to find a REIT as a dividend champ – these companies are required by tax codes to return a high percentage of profits directly to shareholders, and frequently use dividends as the vehicle for compliance. AGNC, based in Maryland, focuses on MBSs (mortgage-backed securities) with backing and guarantees from the US government. These securities make up some two-thirds of the company’s total portfolio, or $65.1 billion out of the $97.9 billion total. AGNC’s most recent quarterly returns, for 4Q20, showed $459 million in net revenue, and a net income per share of $1.37. While down yoy, the EPS was the strongest recorded for 2020. For the full year, AGNC reported $1.68 billion in total revenues, and $1.56 per share paid out in dividends. The current dividend, 12 cents per common share paid out monthly, will annualize to $1.44; the difference from last year’s higher annualization rate is due to a dividend cut implemented in April in response to the coronavirus crisis. At the current rate, the dividend gives investors a robust yield of 8.8%, and is easily affordable for the company given current income. Among AGNC’s bulls is Maxim analyst Michael Diana who wrote: “AGNC has retained a competitive yield on book value relative to other mortgage REITs (mREITS), even as it has out-earned its dividend and repurchased shares. While turmoil in the mortgage markets at the end of March resulted in losses and lower book values for all mortgage REITs, AGNC was able to meet all of its margin calls and, importantly, take relatively fewer realized losses and therefore retain more earnings power post-turmoil.” Based on all of the above, Diana rates AGNC a Buy, along with an $18 price target. This figure implies a ~10% upside potential from current levels. (To watch Diana’s track record, click here) Wall Street is on the same page. Over the last couple of months, AGNC has received 7 Buys and a single Hold — all add up to a Strong Buy consensus rating. However, the $16.69 average price target suggests shares will remain range bound for the foreseeable future. (See AGNC stock analysis on TipRanks) To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

  • TSMC (TSM) Dips More Than Broader Markets: What You Should Know

    TipRanks

    2 Big Dividend Stocks Yielding 10%; Raymond James Says ‘Buy’

    Dividend stocks are the Swiss army knives of the stock market.When dividend stocks go up, you make money. When they don’t go up — you still make money (from the dividend). Heck, even when a dividend stock goes down in price, it’s not all bad news, because the dividend yield (the absolute dividend amount, divided by the stock price) gets richer the more the stock falls in price.Knowing all this, wouldn’t you like to find great dividend stocks? Of course you would. Raymond James analysts have chimed in – and they are recommending two high-yield dividend stocks for investors looking to find protection for their portfolio. These are stocks with a specific set of clear attributes: a dividend yield of 10% and Strong Buy ratings.Kimbell Royalty Partners (KRP)We’ll start with Kimbell Royalty Partners, a land investment company operating in some of the US’ major oil and gas producing regions: the Bakken of North Dakota, Pennsylvania’s Appalachian region, the Colorado Rockies, and several formations in Texas. Kimbell owns mineral rights in more than 13 million acres across these regions, and collects royalties from over 95,000 active wells. Over 40,000 of those wells are in the Permian Basin of Texas, the famous oil formation that has, in the past decade, helped turn the US from a net importer of hydrocarbons to a net exporter.The coronavirus crisis hit Kimbell directly in the pocketbook, knocking down share prices and earnings as economic restrictions, social lockdowns, and the economic downturn all struck at production and demand. The situation has only begun to revive, with the Q3 revenues growing 44% sequentially to reach $24.3 million.Kimbell has long been a reliable dividend payer, with a twist. Where most dividend stocks keep their payouts stable, typically making just adjustment in a year, Kimbell has a history of reevaluating its dividend payment every quarter. The result is a dividend that is rarely predictable – but is always affordable for the company. The last declaration, for the third quarter, was 19 cents per common share, or up 46% from the previous quarter. At that rate, the dividend yields ~10%,Covering the stock for Raymond James, analyst John Freeman noted, “Despite a strong quarterly performance and a nearly 50% distribution raise in 3Q, the market continues to under appreciate the unique value proposition of Kimbell’s assets, in our view. Kimbell has a best-in-class 13% base decline, exposure to every major basin and commodity, as well as a very manageable leverage profile…”Regarding the possible anti-hydrocarbon stance of a Biden Administration, Freeman sees little reason for worry, saying, “Investors concerned about a potential Biden presidency (which appears increasingly likely) have little to fear in KRP. The company has less than ~2% of acreage on federal lands, meaning a frac ban on those properties would not have a material impact on KRP’s business and might actually help them if it improved the overall supply impact.”In line with these comments, Freeman rates KRP a Strong Buy, and his $9 price target implies it has room for 25% growth going forward. (To watch Freeman’s track record, click here)Wall Street appears to agree with Freeman, and the analyst consensus view is also a Strong Buy, based on 5 unanimous positive reviews. This stock is priced at $7.21, and its $11 average target is even more bullish than Freemans, suggesting a one-year upside of ~52%. (See KRP stock analysis on TipRanks)NexPoint Real Estate Finance (NREF)NexPoint inhabits the real estate trust niche, investing in mortgage loans on rental units, both single- and multi-family occupancy, along with self-storage units and office spaces. The company operates in the US, across major metropolitan hubs.NexPoint held its IPO in February this year, just before the coronavirus pandemic inspired an economic crisis. The offering saw 5 million shares sell, and brought in some $95 million in capital. Since then, the shares are down 13%. Earnings, however, have posted gains in each full quarter that the company has reported as a public entity, coming in at 37 cents per share in Q2 and 52 cents in Q3. The Q3 number was 30% above the forecast.The dividend here is also solid. NexPoint started out with a 22-cent per share payment in Q1, and raised it in Q2 to its current level of 40 cents per common share. This annualizes to $1.60, making the yield an impressive ~10%.Stephan Laws, 5-star analyst with Raymond James, is impressed with what he sees here. Laws writes of NexPoint, “Recent investments should drive significant core earnings growth, which is reflected in the increased 4Q guidance range of $0.49-0.53 per share (up from $0.46-0.50 per share). The guidance incorporates the full quarter impact of the new 3Q investments as well as new mezz investments made in October. We are increasing our 4Q and 2021 estimates, and we have increased confidence in our forecast for a 1Q21 dividend increase, which we now forecast at $0.45 per share…”Following these sentiments, Laws puts a Strong Buy rating on NREF. His $18 price target suggest the stock has a 9% upside potential for the year ahead. (To watch Laws’ track record, click here)With 2 recent Buy reviews, the analyst consensus on NREF shares is a Moderate Buy. The stock’s $18 average price target matches Laws’, implying 9% growth. (See NREF stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.