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. American Capital Agency Upgraded by Nomura
Mortgage REIT American Capital Agency (AGNC ) saw its stock upgraded to Buy by Nomura on Wednesday. No price target was supplied. Confirming a fall in their book value from $25.53 to $24 for the quarter, the company confirmed that they had recently bought back 4 million shares of common stock. Earnings per share missed estimates by 2 cents. Finishing Tuesday’s session at $19.55 (up 1.5%), American Capital Agency’s adjusted dividend yield is 12.28%, with an annual payout of $2.40 (paid monthly). The stock is 17.58% from its 52-week high.
2. American Midstream Partners Upgraded by Barclays
American Midstream Partners (AMID), the gas utilities company, was upgraded by Barclays on Wednesday, with the bank putting the stock on their Overweight list. Their new price target is $20. Recently, AMID announced a drop down plan from ArcLight Capital Partners which would see interest in Delta House fall from 50% to 25%. Finishing Tuesday’s session at $14.39 (up 47.1%), American Midstream Partners’ adjusted dividend yield is 13.03%, with an annual payout of $1.89 (paid quarterly). The stock is 54.89% from its 52-week high.
3. Computer Sciences Corporation Upgraded by SunTrust Robinson Humphrey
Information technology services company Computer Sciences Corporation (CSC) was upgraded by SunTrust Robinson Humphrey on Wednesday, with a Buy rating added to the stock. Their new price target is $78. CSC announced this week the acquisition of cloud services company Fruition Partners. Finishing Tuesday’s session at $64.20 (down 1.8%), CSC’s adjusted dividend yield is 1.43%, with an annual payout of $0.92 (paid quarterly). The stock is 12.40% from its 52-week high.
4. Arcos Dorados Holdings Downgraded by Bank of America Merrill Lynch
McDonalds franchisee Arcos Dorados Holdings (ARCO ) saw its stock downgraded pre-market, with Bank of America Merrill Lynch shifting their rating to Underperform. No price target was supplied. Finishing Tuesday’s session at $4.39 (up 4.3%), Arcos’ adjusted dividend yield is 5.47%, with an annual payout of $0.24. The stock is 46.07% from its 52-week high.
5. Jones Lang LaSalle Downgraded by Goldman Sachs
Property manager Jones Lang LaSalle (JLL) was downgraded by Goldman Sachs on Wednesday, with the broker confirming a Neutral rating. No price target was supplied. Finishing Tuesday’s session at $179.35, Jones Lang LaSalle’s adjusted dividend yield is 0.30%, with an annual payout of $0.54. The stock is 0.34% from its 52-week high.
