Given that you clicked on this article, it seems safe to assume you either own stock in City National Corp. (NYSE: CYN ) or are considering buying shares in the near future. If so, then you've come to the right place. The table below reveals the nine most critical numbers that investors need to know about City National stock before deciding whether to buy, sell, or hold it.
But before getting to that, a brief introduction is in order. While City National could easily be lumped together with regional banks, it more closely resembles a large community bank and trust with satellite offices in strategic cities throughout the country, including Las Vegas, New York City, Nashville, and Atlanta. Founded by a "small group of entrepreneurs in 1954," the bank is headquartered in Los Angeles and is loosely known as the banker to the stars given its past support of Frank Sinatra, Arnold Schwarzenegger, and others, and the fact that about one-fifth of its business loans are entertainment-related. Its balance sheet boasts $29 billion in assets and it oversees an additional $57 billion in assets under management or administration.
5 Best Quality Stocks To Buy For 2016: Tanger Factory Outlet Centers Inc.(SKT)
Tanger Factory Outlet Centers, Inc. operates as a real estate investment trust (REIT). The company, through its subsidiary, Tanger Properties Limited Partnership, engages in acquiring, developing, owning, operating, and managing factory outlet shopping centers. As of September 30, 2005, Tanger owned and operated 33 factory outlet centers in 22 states totaling 8.7 million square feet of gross leasable area. It also provides development, leasing, and management services for its outlet centers. The company has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to Federal income taxes provided it distributes at least 90% of its taxable income to its shareholders. Tanger Factory Outlet Centers was founded by Stanley K. Tanger in 1981. The company is headquartered in Greensboro, North Carolina.
Advisors' Opinion:- [By James E. Brumley]
What do small cap stocks MKS Instruments, Inc. (NASDAQ:MKSI), Tanger Factory Outlet Centers Inc. (NYSE:SKT), and Kaman Corporation (NYSE:KAMN) have in common? Absolutely nothing, on the surface, and no, it's not a setup for painfully bad punchline. There is a common thread among KAMN, SKT, and MKSI right now, however... they're all three going into my mental (though publicly-tracked) portfolio this afternoon.
- [By Rich Duprey]
Shopping center REIT�Tanger Factory Outlet Centers� (NYSE: SKT ) announced yesterday its second-quarter dividend of $0.225 per share, the same rate it paid last quarter after raising the payout 7%, from $0.21 per share.
- [By U.S. News]
Linda Davidson/The Washington Post via Getty ImagesShoppers at the Tanger Outlet Mall in Oxon Hill, Md. There are few forms of shopping I enjoy more than outlet shopping. There is something about all of those discount stores packed so closely together that makes me super excited! But I am not going to tell you that all outlet stores are a good deal, because some of them are not. Also, brands sometimes create cheaper items to sell specifically in their outlet locations, and those are not always a smart buy. But for the most part, outlet malls are still an excellent way to save some money while picking up items for the entire family. Here are five ways to make the most of your trip to an outlet: 1. Figure out the outlet 'brand.' There are a couple of management companies that own quite a few outlet malls in the United States, including Premium Outlets (SPG) and Tanger Factory Outlet Centers (SKT). Before heading out, be sure to check the website for the entire outlet mall for any possible deals or coupons. Premium and Tanger Outlets also have Facebook (FB) pages where they will occasionally post coupons that you can print from home. 2. Look for an outlet discount card or VIP program. Many outlet malls have VIP savings programs that can save you big bucks throughout the year and also give you special access to new promotions and sales. The Fashion Outlets of Chicago opened last year and offer a Green Savings Card that costs $5 for a yearly membership. Those with a Green Savings Card receive extra discounts at a huge number of stores and restaurants in the mall, which is on top of the already low prices. 3. 'Like' the outlet store on Facebook. If there is an outlet store that you frequent, go ahead and like its Facebook page so that you will be one of the first to know about sales and promotions. The Kate Spade Outlet (KATE) will frequently post promotions to Facebook before emailing subscribers. The J. Crew Factory Store has offered special promotions th
- [By Shauna O'Brien]
Jefferies announced on Wednesday that it has cut its rating on Tanger Factory Outlet Centers Inc. (SKT).
The firm has downgraded SKT from “Buy” to “Hold,” and has lowered the company’s price target from $40 to $35. This price target suggests an 8% upside from the stock’s current price of $32.22.
Analyst Omotayo Okusanya commented: “We expect near-term headwinds for the mall and outlet mall segment as tenant sales growth appears to be slowing.”
“At SKT, development yields on two projects have also been reduced. Further, rising interest rates negatively impact our DDM-derived PT. Our lowered PT of $35 represents a 10% total return over the next-twelve-months (NTM); we are downgrading to Hold,” added the analyst.
Tanger Factory Outlet shares were mostly flat during pre-market trading Wednesday. The stock is up more than 5% YTD.
Top 5 Regional Bank Companies To Own For 2015: Teekay Offshore Partners L.P.(TOO)
Teekay Offshore Partners L.P. provides marine transportation, oil production, and storage services to the offshore oil industry. It operates shuttle tankers, floating storage and offtake (FSO) units, and conventional crude oil tankers, as well as floating production, storage, and offloading (FPSO) units. As of June 30, 2011, its fleet consisted of 40 shuttle tankers, including 5 chartered-in vessels and 4 committed newbuildings; 2 FPSO units; 5 FSO units; and 10 conventional oil tankers. The company primarily serves energy and oil service companies, and their affiliates. Teekay Offshore GP L.L.C. serves as the general partner of the company. The company was founded in 2006 and is headquartered in Hamilton, Bermuda.
Advisors' Opinion:- [By Kashafa Investment Research]
Teekay Offshore Partners L.P. (TOO) is the largest owner in the shuttle tanker market with 33 shuttle tankers and one newbuilds on order. Through this, the company owns more than 50% of the world's shuttle tanker fleet based on total tonnage.
- [By Ben Levisohn]
We are upgrading our recommendation on shares of Teekay Corp. to Buy from Hold, and raising our 12-month price target to $90 from $68. The revision reflects the company’s bold new dividend strategy outlined after today’s market close and ahead of its analyst day tomorrow. The new plan includes an 80% increase in its annual dividend effective 1Q15 (to $2.25 at the midpoint vs. $1.265 today), and a policy aimed at linking future div increases to cash flow growth at its two MLP subsidiaries [Teekay LNG Partners (TGP) & Teekay Offshore Partners (TOO)]. The result should be 20%/year grow in Teekay’s dividend for the foreseeable future, which together with today’s increase, easily justify a $90+ share price in the relatively near-term.
Top 5 Regional Bank Companies To Own For 2015: Petroleo Brasileiro S.A.- Petrobras(PBR)
Petroleo Brasileiro S.A. primarily engages in oil and natural gas exploration and production, refining, trade, and transportation businesses. The company?s Exploration and Production segment involves in the exploration, production, development, and production of oil, liquefied natural gas (LNG), and natural gas in Brazil. This segment supplies its products to the refineries in Brazil, as well as sells surplus petroleum and byproducts in domestic and foreign markets. Its Supply segment engages in the refining, logistics, transportation, and trade of oil and oil products; export of ethanol; and extraction and processing of schist, as well as holds interests in companies of the petrochemical sector in Brazil. The Gas and Energy segment involves in the transportation and trade of natural gas produced in or imported into Brazil; transportation and trade of LNG; and generation and trade of electric power. In addition, the segment has interests in natural gas transportation and d istribution companies; and thermoelectric power stations in Brazil, as well engages in fertilizer business. The Distribution segment distributes oil products, ethanol, and compressed natural gas in Brazil. The International segment involves in the exploration and production of oil and gas, as well as in supplying, gas and energy, and distribution operations in the Americas, Africa, Europe, and Asia. Further, the company involves in biofuel production business. Petroleo Brasileiro was founded in 1953 and is based in Rio de Janeiro, Brazil.
Advisors' Opinion:- [By Selena Maranjian]
The biggest new holdings are Chevron�and Salesforce.com. Other new holdings of interest include Brazilian oil giant Petrobras (NYSE: PBR ) , which has seen its stock fall over the past few years. The company is weighed down by a lot of debt, but there are also promising signs from it, such as rising production numbers as some offshore rigs are brought back into service. Some are hopeful that solid car sales in Brazil will boost Petrobras' business.
- [By Garrett Cook]
In trading on Friday, energy shares gained 0.87 percent. Top gainers in the sector included Petróleo Brasileiro SA (NYSE: PBR), up 5 percent, and Hercules Offshore (NASDAQ: HERO), up 4.8 percent.
- [By Sarfaraz A. Khan]
The Brazilian energy giant Petroleo Brasileiro S.A (PBR), more commonly known as Petrobras, has been eyeing a turnaround but so far, it has fallen short of expectations. It managed to deliver a decent performance in its last quarter, but its ADR has fallen by 21.45% this year. The company is controlled by the Brazilian government through its 63% voting power. Petrobras has struggled with profitability because the business has been used as a tool to curb inflation. The company is eyeing an uptake in production in H2-2013, but I believe that, for now, investors should avoid this stock.
Top 5 Regional Bank Companies To Own For 2015: Oak Ridge Energy Technologies Inc (OKME)
Oak Ridge Energy Technologies, Inc., formerly Oak Ridge Micro-Energy, Inc., incorporated on August 15, 1986, is a development-stage company. The Company licenses thin-film, solid-state batteries for industrial, government, and medical applications. The Company�� thin-film battery is rechargeable, lithium-based, and the active battery layers are thinner than common plastic wrap.
The Company�� batteries are intended for applications, such as wireless smart sensors, which operate in harsh environments, security cards, radio frequency identification (RFID) tags, semiconductor non-volatile memory chips, and implantable medical devices. Its prototype cells on ceramic substrates supplied to customers are 0.024 of an inch (0.62 millimeters) thick. Thin-film lithium and lithium-ion batteries are ideally suited for a variety of applications where a small power source is needed.
The Company competes with Infinite Power Solutions, Inc., Front Edge Technology, Inc., Cymbet Corporation, Teledyne Electronic Technologies, Excellatron and Planar Energy Devices, Inc.
Advisors' Opinion:- [By CRWE]
Today, OKME has shed (-7.69%) down -0.050 at $.600 with 2,446 shares in play thus far (ref. google finance Delayed: 9:56AM EDT July 15, 2013), but don�� let this get you down.
Oak Ridge Micro-Energy, Inc. previously reported a strategic US $2.5M investment by Precept Fund Management SPC�� on behalf of Prescient Fund SP into the revitalised US battery company Oak Ridge Micro-Energy.
Mr. Steve Barber, Principal of Precept Investment Management Limited, the investment manager of Precept Fund Management SPC said:
��lobally the energy storage sector is projected to be a US$60 Billion market by 2020. Precept�� $2.5m placement into OKME is a strategic move by the fund to secure a significant share of this exciting company and the growth potential of the battery market. Our opinion is that OKME has a world leading technical and commercial team, a focused business development strategy and the reputation to be a key player in the US and global battery market. OKME is one of only two investment targets the Fund identified after an in-depth analysis of the energy storage market. The other is a Swiss battery company named Leclanche. Precept is a long-term, active participation, value investor, and we look forward to a long and rewarding relationship with OKME.��/p>
- [By CRWE]
Today, OKME has surged (+6.67%) up +0.050 at $.800 with 10,090 shares in play thus far (ref. google finance Delayed: 10:52AM EDT July 18, 2013).
Oak Ridge Micro-Energy, Inc. previously reported a strategic US $2.5M investment by Precept Fund Management SPC�� on behalf of Prescient Fund SP into the revitalised US battery company Oak Ridge Micro-Energy.
Mr. Steve Barber, Principal of Precept Investment Management Limited, the investment manager of Precept Fund Management SPC said:
��lobally the energy storage sector is projected to be a US$60 Billion market by 2020. Precept�� $2.5m placement into OKME is a strategic move by the fund to secure a significant share of this exciting company and the growth potential of the battery market. Our opinion is that OKME has a world leading technical and commercial team, a focused business development strategy and the reputation to be a key player in the US and global battery market. OKME is one of only two investment targets the Fund identified after an in-depth analysis of the energy storage market. The other is a Swiss battery company named Leclanche. Precept is a long-term, active participation, value investor, and we look forward to a long and rewarding relationship with OKME.��/p>
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