Below are the dividend stocks that were subject to analyst moves before the bell. Analysts weigh in with insight and commentary as to what you can expect going forward.
1. Sabra Healthcare REIT Upgraded by Mizuho
Sabra Healthcare REIT (SBRA ), the health care property manager, was upgraded by Mizuho on Wednesday, with the broker putting the stock on their Buy list. Their price target is $29. This comes after the company released quarterly earnings on Tuesday, with an EPS of $0.52. This was 2 cents below consensus forecasts. Revenue rose to $56.6 million. Finishing Wednesday’s session at $25.99 (down 3.9%), Sabra’s adjusted dividend yield is 6%, with an annual payout of $1.56 (paid quarterly). The stock is 24.54% from its 52-week high.
2. Federal Realty Investment Trust Upgraded by RBC Capital Markets
Retail property company Federal Realty Investment Trust (FRT ) was upgraded by RBC Capital Markets on Thursday, with a Sector Perform rating and a new price target of $133 added. Finishing Wednesday’s session at $136.18 (down 0.9%), Federal Realty’s adjusted dividend yield is 2.29%, with an annual payout of $3.12 (paid quarterly). The stock is 9.88% from its 52-week high.
3. Plains All American Pipeline Downgraded by Wunderlich
Plains All American Pipeline LP (PAA ) saw its stock downgraded pre-market, with Wunderlich shifting their rating to Hold. Their price target changed from $56 to $37. Finishing Thursday’s session at $35.95 (down 10.6%), Plains All American Pipeline’s adjusted dividend yield is 7.73%, with an annual payout of $2.78 (paid quarterly). The stock is 41.15% from its 52-week high.
4. Keurig Green Mountain Downgraded by Morgan Stanley
Specialty coffee supplier Keurig Green Mountain (GMCR) was downgraded by Morgan Stanley on Thursday, with the bank confirming an Equal Weight rating and a new target price of $60. Announcing a 26% fall in sales of its brewers for the quarter, the company also confirmed a 5.2% fall in revenue and EPS came in at 73 cents per share. The market had been expecting 79 cents. Finishing Wednesday’s session at $74.98, Keurig Green Mountain’s adjusted dividend yield is 1.53%, with an annual payout of $1.15. The stock is 52.80% from its 52-week high.
5. Memorial Production Partners Downgraded by RBC Capital Markets
Independent oil and gas supplier Memorial Production Partners (MEMP) saw its stock downgraded to Sector Perform on Thursday, with RBC Capital Markets decreasing their price target to $9. Reporting second quarter results yesterday, both EPS and revenue came in below consensus forecasts. Finishing Wednesday’s session at $7.51 (down 19.6%), Memorial’s adjusted dividend yield is 29.29%, with an annual payout of $2.20 (paid quarterly). The stock is 68.50% from its 52-week high.
