Axis Capital Holdings Ltd. (AXS, Financial), Weingarten Realty Investors (WRI, Financial), Southwestern Energy Co. (SWN, Financial), and Paramount Group Inc. (PGRE, Financial) have declined to their three-year lows.
Axis Capital Holdings Ltd. (AXS, Financial) declined to $50.47
The prices of Axis Capital Holdings Ltd. (AXS, Financial) shares have declined to $50.47 on Jan. 26, which is only 4.9% above the 3-year low of $47.98.
Axis Capital Holdings Ltd. is an international property and casualty insurance company based in Bermuda that offers various risk transfer products and services through various subsidiaries and branch networks. The company serves customers in Bermuda, the United States, Canada, Europe, Australia, and Singapore. The company offers insurance services that include property, professional lines, terrorism, marine, energy, environmental, and various other insurance solutions.
Axis Capital Holdings Ltd. has a market cap of $4.2 billion; its shares were traded around $50.47 with and P/S ratio of 0.99. The trailing 12-month dividend yield of Axis Capital Holdings Ltd. stocks is 3.04%. The forward dividend yield of Axis Capital Holdings Ltd. stocks is 3.04%. Axis Capital Holdings Ltd. had an annual average earnings growth of 3.80% over the past 10 years.
On Jan. 23, Axis Capital Holdings Ltd. announced that it is strengthening its operating model, positioning it for long-term profitable growth. The enhancements are part of an ongoing strategy by the company to be a global leader in specialty insurance and reinsurance. As part of the changes, the company is launching an enterprise-wide global underwriting and analytics unit, realigning the Accident & Health business into core insurance and reinsurance segments, and introducing integrated functional models for its finance and IT departments.
Weingarten Realty Investors (WRI, Financial) declined to $30.07
The prices of Weingarten Realty Investors (WRI, Financial) shares have declined to $30.07 on Jan. 26, which is only 3.5% above the 3-year low of $29.03.
Weingarten Realty Investors is an American real estate investment trust that invests in shopping centers situated primarily in the Southern United States. The shopping centers primarily have grocery stores as the anchor stores. As of Dec. 31, 2016, the company owned interests in 220 properties with over 4.7 million square feet.
Weingarten Realty Investors has a market cap of $3.86 billion; its shares were traded around $30.07 with a P/E ratio of 18.48 and P/S ratio of 6.74. The trailing 12-month dividend yield of Weingarten Realty Investors stocks is 5.12%. The forward dividend yield of Weingarten Realty Investors stocks is 4.97%. Weingarten Realty Investors had an annual average earnings growth of 14.50% over the past 5 years.
On Jan. 25 Weingarten Realty Investors announced transaction activity for all 2017 and for year-to-date 2018. During the fourth quarter of 2017, the company sold six shopping centers and other real estate for $230.2 million including Market at Town Center in Houston, Buena Vista Marketplace and Summerhill Plaza in California, and Green Valley Ranch Towne Center in Denver. For all of 2017, the company sold $444 million with the disposition of 19 shopping centers and other real estate.
Southwestern Energy Co. (SWN, Financial) declined to $5.00
The prices of Southwestern Energy Co. (SWN, Financial) shares have declined to $5.00 on Jan. 26, which is only 2.0% above the 3-year low of $4.90.
Southwestern Energy Co. is an American international natural gas and petroleum exploration and production company that primarily explores and produces in the Appalachian Basin and the Fayetteville Shale in Arkansas, where the company controls 918,535 net acres. The company also controls 2,518,519 net undeveloped acres in New Brunswick, Canada.
Southwestern Energy Co. has a market cap of $2.94 billion; its shares were traded around $5.00 with a P/E ratio of 6.21 and P/S ratio of 0.84.
On Dec. 18, 2017, Southwestern Energy Co. announced that its Board of Directors has declared a quarterly dividend of $15.625 per share on its 6.25% Series B Mandatory Convertible Preferred Stock. The dividend is payable on Jan. 16, 2018, to shareholders of record at the close of business on Jan. 1, 2018.
Paramount Group Inc. (PGRE, Financial) declined to $14.97
The prices of Paramount Group Inc. (PGRE, Financial) shares have declined to $14.97 on Jan. 26, which is only 4.9% above the 3-year low of $14.23.
Paramount Group Inc. is an American fully integrated real estate investment trust that owns, operates, manages, acquires, and develops high-quality, Class A office properties located in select central business district submarkets. Its properties are in a variety of locations, including New York City, Washington D.C., and San Francisco.
Paramount Group Inc. has a market cap of $3.59 billion; its shares were traded around $14.97 with a P/E ratio of 40.44 and P/S ratio of 4.95. The trailing 12-month dividend yield of Paramount Group Inc. stocks is 2.53%. The forward dividend yield of Paramount Group Inc. stocks is 2.52%.
On Jan. 24 Paramount Group Inc. announced that its operating partnership, Paramount Group Operating Partnership LP, has extended its revolving credit facility from November 2018 to January 2022, with two six-month extension options. It has also increased its capacity to $1.0 billion from $800 million. The interest rate on the extended facility was lowered by 10 basis points from LIBOR plus 125 basis points to LIBOR plus 115 basis points.
Disclosure: I do not own stock in any of the companies mentioned in the article.
