Two analysts rated the stock as neutral or hold, and six assigned a buy or overweight rating to the stock. The company's consensus rating is buy. And its consensus mean price target is ~$71.
In this morning's edition of Get Real, we saw that WeWork's layoffs are taking a toll. Meanwhile, the cannabis industry could be bouncing back.
Industrial production is a good top-down macroeconomic indicator. It helps forecast the labor market, final demand, consumption, and inflation.
Since REITs are required to pay 90% of their income as dividends, the tax cuts might reduce their advantage in comparison to other corporations.
Earnings season is in full swing. We'll hear from homebuilder PulteGroup (PHM) and also mall REIT giant Simon Property Group.
Magnetar Financial LLC increased its stake in Lamar Advertising (LAMR) by 1,144,653 shares in the fourth quarter to own 1,975,957 shares.
Over the past several months, mortgage rates and the ten-year bond yield stopped correlating. Last week, this trend broke as the two variables lined up once again. We’ll have to wait to see if this trend continues.
In the Seattle area, WeWork at Capitol Hill has a new client—Microsoft (MSFT). The total cost of MSFT's lease with WeWork is $3 million.
Simon believes the industry will continue to grow.