If you’re considering investing in industrial REITs for income in 2024, there are two noteworthy options to explore. Firstly, Plymouth Industrial REIT (NYSE: PLYM) is a prominent choice. This company possesses, operates, and oversees a diverse portfolio of 211 industrial properties, both single and multi-tenant, encompassing an impressive 34 million square feet. What sets Plymouth Industrial REIT apart is that the majority of its properties are situated within the highly sought-after “Golden Triangle” region of the United States, which is home to over 70% of the country’s population. Currently, the company offers a quarterly dividend of $0.225 per share, translating to an annual dividend of $0.90 per share, resulting in a yield of approximately 4.05% as of January 19, 2024.
Another compelling option worth considering is Stag Industrial, Inc. (NYSE: STAG). With a portfolio of 516 buildings spread across 39 states, totaling around 101 million rentable square feet, Stag Industrial, Inc. has established itself as a formidable player in the industry. A notable aspect of this company is its consistent annual dividend growth since its initial public offering in 2011, making it an attractive choice for dividend-growth investors.
Both Plymouth Industrial REIT and Stag Industrial, Inc. are well-positioned to capitalize on the increasing demand for space in the logistics and manufacturing sectors. This demand is primarily driven by the exponential growth of e-commerce and the pressing need for efficient supply chain management. As such, investing in these industrial REITs could prove to be a lucrative venture in 2024.
FDX Stock Price Shows Slight Decrease in Momentum: Analysis and Factors to Consider
On January 19, 2024, FDX, the stock of FedEx Corporation, experienced a slight decrease in its price momentum. According to data sourced from CNN Money, FDX was trading in the middle of its 52-week range and below its 200-day simple moving average. The price of FDX shares dropped by $1.59 since the market last closed, representing a decrease of 0.65%. FDX opened at $243.50 on January 19, 2024, which was $0.90 lower than its previous close. Trading in the middle of its 52-week range indicates that FDX’s stock price is neither at its highest nor its lowest point over the past year. However, being below its 200-day simple moving average could be seen as a bearish signal, as it indicates that the stock’s average price over the past 200 days is lower than the current price. It is important for investors to consider various factors beyond just a single day’s performance when evaluating a stock. Factors such as the company’s financial health, industry trends, and overall market conditions should also be taken into account. Additionally, consulting with a financial advisor or conducting thorough research can help investors make more informed decisions about their investments.
FDX Stock Performance Analysis: Total Revenue, Net Income, and Earnings per Share
FDX, also known as FedEx Corporation, is a global courier delivery services company. On January 19, 2024, the stock performances of FDX were analyzed based on the data provided by CNN Money.
One of the key indicators of a company’s financial health is its total revenue. In the past year, FDX generated a total revenue of $90.16 billion, which is a decrease of 3.59% compared to the previous year. However, the company’s total revenue remained flat since the last quarter, indicating a stable performance in recent months.
Net income is another important metric that investors consider when evaluating a company’s financial performance. FDX reported a net income of $3.97 billion in the past year, reflecting a 3.85% increase compared to the previous year. However, the net income decreased by 16.62% since the last quarter, suggesting a decline in profitability during that period.
Earnings per share (EPS) is a measure of a company’s profitability. FDX had an EPS of $15.49 in the past year, which represents a 7.91% increase compared to the previous year. However, the EPS decreased by 16.29% since the last quarter, indicating a decline in profitability during that period.
Overall, FDX’s stock performances on January 19, 2024, showed mixed results. While the total revenue remained flat since the last quarter, it decreased by 3.59% compared to the previous year. The net income increased by 3.85% since the previous year but decreased by 16.62% since the last quarter. Similarly, the EPS increased by 7.91% since the previous year but decreased by 16.29% since the last quarter.
Investors and analysts will closely monitor these financial indicators to assess FDX’s future performance and make informed investment decisions. It is essential to analyze these metrics in conjunction with other factors to gain a comprehensive understanding of FDX’s stock performance and its potential for growth in the future.
