The Meaning Behind Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching:
- Nam Tai Property NTP - P/E: 5.48
- New York Mortgage Trust NYMT - P/E: 9.61
- New Residential Inv NRZ - P/E: 7.18
- Tricon Residential TCN - P/E: 6.82
- Amrep AXR - P/E: 9.32
Nam Tai Property saw a decrease in earnings per share from -0.01 in Q2 to $-0.11 now. Most recently, the company reported a dividend yield of 2.26%, which has decreased by 0.06% from last quarter's yield of 2.32%.
New York Mortgage Trust saw a decrease in earnings per share from 0.1 in Q3 to $0.06 now. Most recently, the company reported a dividend yield of 10.87%, which has increased by 0.48% from last quarter's yield of 10.39%.
Most recently, New Residential Inv reported earnings per share at $0.4, whereas in Q3 earnings per share sat at $0.44. Its most recent dividend yield is at 9.33%, which has increased by 0.11% from 9.22% in the previous quarter.
Tricon Residential saw an increase in earnings per share from 0.14 in Q3 to $0.15 now. Amrep saw a decrease in earnings per share from 0.45 in Q2 to $0.12 now.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.
Ā© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.