Companies Reporting Before The Bell
• AstraZeneca (NASDAQ:AZN) is expected to report quarterly earnings at $0.67 per share on revenue of $11.21 billion.
It’s a positive, generally, for the REIT sector that these 4 hit higher highs this week even as the big name tech and social media stocks have failed to achieve that kind of out- performance. That these real estate investment trusts are showing this kind of strength in advance of probable rate hikes by the Fed is at the very least, favorable.
Raymond James on Jan. 9 upgraded its opinion of Alpine Income Property Trust Inc (NYSE: PINE) to Outperform, which seems to have provided the spark for the real estate investment trust (REIT) to leap to new 52-week highs — an accomplishment not seen by many others in the sector.
If there’s one thing income investors love, it’s a high-yielding dividend stock.
But too often the high yield comes with risky metrics like declining revenue and earnings, which could force a company to cut its dividend to ensure it has the available funds to pay its shareholders.
EF Hutton analyst Gaurav Mehta initiated coverage on Alpine Income Property Trust Inc (NYSE: PINE) with a Buy rating and announced a price target of $22.
Alpine is a REIT (Real Estate Investment Trust) that owns net-leased retail properties.