OFS Credit Co Stock (NASDAQ:OCCI), Trade Ideas

OFS Credit Co

OFS Credit Co Inc is a non-diversified, closed-end management investment company. Its investment objective is to generate current income, with a secondary objective to generate capital appreciation. The company invests in floating rate credit instruments and other structured credit investments, including; collateralized loan obligation (CLO) debt and subordinated (i.e., residual or equity) securities; traditional corporate credit investments, including leveraged loans and high yield bonds; opportunistic credit investments, including stressed and distressed credit situations and long/short credit investments; and other credit-related instruments.

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ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

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OFS Credit Company, Inc. - Closed End Fund

OFS Credit Co Inc

OFS Credit Company, Inc. - 5.25% Series E Term Preferred Stock Due 2026

OFS Credit Company, Inc. - 6.125% Series C Term Preferred Stock

Occidental Petroleum Corporation Common Stock

Occidental Petroleum Corp

Occidental Petroleum Corporation Warrants

Imperial Oil (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IMO#AMEX">IMO</a>) reported quarterly earnings of $1.65 per share which missed the analyst consensus estimate of $2.04 by 19.12 percent. The company reported quarterly sales of $9.113 billion which missed the analyst consensus estimate of $17.172 billion by 46.93 percent. This is a 1.64 percent increase over sales of $8.966 billion the same period last year.&nbsp;

Earnings

Earnings Misses

Imperial Oil Earlier Reported Q1 2024 GAAP EPS $1.65 Misses $2.04 Estimate, Sales $9.113B Miss $17.172B Estimate

Keefe, Bruyette &amp; Woods analyst George Bose maintains PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) with a Outperform and lowers the price target from $105 to $100.

Price Target

Analyst Ratings

PFSI

Keefe, Bruyette & Woods Maintains Outperform on PennyMac Financial Servs, Lowers Price Target to $100

Barclays analyst Julian Mitchell maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Equal-Weight and raises the price target from $180 to $186.

Barclays Maintains Equal-Weight on Dover, Raises Price Target to $186

For Millennials and Gen Z facing challenges in attaining homeownership and favoring renting over buying, apartment real estate investment trusts (REITs) emerge as a strategic investment route. Here are two REITs that these generations can use to navigate the evolving real estate market through this alternative avenue.
<h2 class="wp-block-heading">UDR</h2>
UDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDR#NYSE">UDR</a>), also known as United Dominion Realty Trust, owns or has ownership interests in approximately 60,000 high-quality apartment homes across some of the most desirable markets in the Northeast, Mid-Atlantic, Sunbelt, and West Coast regions, including Boston, Dallas, Denver, New York City, Orlando, Philadelphia, San Francisco, Seattle, and Washington, D.C.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This <a href="https://www.benzinga.com/go/bezos-landlord">Jeff Bezos-backed startup will allow you to become a landlord</a> in just 10 minutes, and you only need $100.</li>
<li>Want To Grow Your Wealth Passively? Unlock Real Wealth with <a href="https://www.benzinga.com/money/cityfunds-yield">Cityfunds&#8217; Exclusive 8% Yield Fund</a>.</li>
</ul>
UDR currently pays a quarterly dividend of $0.425 per share, equating to an annualized dividend of $1.70, which gives its stock a yield of about 4.4% at the time of this writing.
In addition to sporting a high yield, UDR is a dividend-growth superstar. It has raised its annual dividend payment for 14 consecutive years, and its 1.2% hike in February has it on track for 2024 to mark the 15th consecutive year with an increase.
<h2 class="wp-block-heading">Mid-America Apartment Communities</h2>
Mid-America Apartment Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) owns or has ownership interests in about 102,000 apartment homes across the high-growth Sunbelt region of the United States, including Atlanta, Dallas, Tampa, Orlando, Charlotte, Austin, Nashville, and Houston.
MAA currently pays a quarterly dividend of $1.47 per share, equating to an annualized dividend of $5.88 per share, which gives its stock a yield of about 4.6% at the time of this writing.
<h2 class="wp-block-heading">Trending:</h2>
<ul>
<li>Elon Musk Is Bullish On Austin. Here&#8217;s <a href="https://www.benzinga.com/go/musk-austin">How To Invest In The City&#8217;s Growth Before He Floods It With New Tech Workers</a>.</li>
</ul>
Like UDR, MAA is a dividend-growth superstar. It has raised its annual dividend for 13 consecutive years, and its recent hike has it on pace for 2024 to mark the 14th consecutive year with an increase.
<h2 class="wp-block-heading">Arrived Homes</h2>
You can also gain exposure to the benefits of homeownership through Arrived Homes.
Arrived is an alternative investment platform, backed by <a href="https://www.benzinga.com/go/dara-backed-startup">Jeff Bezos and Dara Khosrowshahi</a>, that allows individuals to easily invest in real estate by purchasing shares of rental properties. Investors on the platform earn passive income through the rental revenue while waiting for the properties they invest in to appreciate in value over time.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Dara Khosrowshahi-Backed Startup Lets You <a href="https://www.benzinga.com/go/dara-backed-startup">Become a Landlord with $100</a>.</li>
<li>Miami Is Expected To Take New York's Place As The US Financial Capital. <a href="https://www.benzinga.com/go/miami-financial-capital">Invest In It With $500 Before That Happens</a>.</li>
</ul>

REIT

Real Estate

These Apartment REITs Yield Up to 4.6% and Have Long Track Records of Dividend Growth

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) with a Outperform and lowers the price target from $75 to $74.

NDAQ

Keefe, Bruyette & Woods Maintains Outperform on Nasdaq, Lowers Price Target to $74

On Wednesday, Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) topped Wall Street estimates with its first quarter results. But, stock plunged 16% due to a light revenue guidance that overshadowed the fact its revenue grew at a fastest quarterly rate since 2021 and net income more than doubled. Like Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>), Meta didn&rsquo;t talk much about AI, until now. During the earnings call, Meta CEO Mark Zuckerberg detailed the company&rsquo;s AI roadmap, hinting at a shift from chatbots to AI agents, highlighting confidence in the company&rsquo;s leadership on the AI front.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;
<h3>First Quarter Highlights</h3>
For the first three months of the year, Meta reported revenue expanded&nbsp;27%&nbsp;YoY to $36.46 billion, surpassing LSEG&rsquo;s estimate of $36.16. Net income more than doubled to $12.37 billion or $4.71 per share, surpassing LSEG&rsquo;s estimate of $4.32 as the Facebook-parent successfully lowered its&nbsp;sales and marketing costs by 16% compared to last year&rsquo;s comparable quarter.&nbsp;&nbsp;
As for its userbase metric, Meta revealed there were 3.24 billion&nbsp;family daily active people in March, which represents a 7% YoY rise while average revenue per user in the quarter was $11.20.
Digital advertising makes 98% of Meta&rsquo;s revenue and it rose&nbsp;27%&nbsp;YoY to $35.64&nbsp;billion. Therefore, building leading AI has a lot to do with turning those efforts into ad dollars.
<h3>The Metaverse Continues To Bleed Cash</h3>
With revenue of&nbsp;$440 million, Reality Labs unit reported a loss of $3.85 billion. Since the end of 2020, Meta&rsquo;s most important division it based its new identity on lost more than $45 billion.&nbsp;
<h3>2024 Guidance</h3>
As for the second quarter, Meta guided for revenue between $36.5 billion and $39 billion, while analysts on average expected $38.3 billion.
Meta guided for capital expenditures in the range between $35 billion and $40 billion, while previously forecasting&nbsp;$30 billion to $37 billion. The increase is due to accelerated AI investments.
Meta bought some time with long-term potential of AI.
After a brutal 2022 during which Meta lost about two thirds of its value and figuring out how to live in a new privacy environment that Apple cooked up. But, Meta or more precisely, Zuckerberg, made sure that sure that smaller advertisers knew that,&nbsp;thanks to Apple and the privacy changes it introduced, it got more expensive to reach their potential customers. Apple and Meta feud, or more precisely, the feud of their respective CEOs has been going on since 2014, at least. But Apple is well used to attacks regarding its App Store commissions and Tim Cook often simply leaves such comments without a response. But, Meta clearly preserved its users and ad dollars, and it seems to have succeeded to restore Wall Street&rsquo;s confidence with its cost cuts efforts it kicked off early last year, marking 2023 as its year of efficiency. Although AI still didn&rsquo;t provide the lift that Meta needs, Zuckerberg succeeded to convince Wall Street of the company&rsquo;s AI leadership potential, which will take time to be realized through the company&rsquo;s financials. But, then again, Meta certainly has a strong record of monetizing its services.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Tech

General

AAPL

Meta Platforms Bought Some Time With Long-Term AI Potential

Keefe, Bruyette &amp; Woods analyst Kelly Motta reiterates National Bank Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBHC#NYSE">NBHC</a>) with a Market Perform and lowers the price target from $40 to $39.

Reiteration

NBHC

Keefe, Bruyette & Woods Reiterates Market Perform on National Bank Holdings, Lowers Price Target to $39

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) have seen mixed monthly performance, but analysts remain <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38428112/only-dogecoin-and-shiba-inu-have-crossed-the-10b-meme-coin-mark-who-will-be-the-third-muse">optimistic about these tokens</a> based on upcoming fundamental developments.
What Happened: Shiba Inu <a href="https://twitter.com/Shibtoken/status/1783558609776812059">announced</a> its transformative upgrade for Shibarium, set to launch on May 2, aiming to enhance user experience and unlock next-level capabilities within the network. By improving block processing times and transaction fee predictability, Shiba Inu seeks to make its platform more accessible and affordable for users. 
Some community members have <a href="https://twitter.com/CryptoLollla/status/1783565238056689905">suggested</a> including auto-burn features in this upgrade to further enhance the token&#8217;s utility and attractiveness.
Some community members, like Shib trader Lola, have <a href="https://twitter.com/CryptoLollla/status/1783565238056689905">suggested</a> including auto-burn features in this upgrade to further enhance the token&#8217;s utility and attractiveness.
Meanwhile, significant whale movements in Dogecoin have caught the attention of observers, with two large transactions involving over 228 million DOGE each, totaling $68.7 million, <a href="https://twitter.com/whale_alert">moved</a> from an unknown wallet to Coinbase. These wallet addresses have not made major moves since Coinbase&#8217;s initial listing of Dogecoin in June 2021, indicating renewed activity, U.Today reported.
Such movements may precede potential developments, such as a Coinbase listing for DOGE futures.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38454567/trader-who-turned-15k-into-5m-predicts-these-4-meme-coins-to-emulate-the-success-of-doge-s">Trader Who Turned $15K Into $5M Predicts These 4 Meme Coins To Emulate The Success Of DOGE, SHIB, FLOKI</a>
Why It Matters: Institutional adoption of meme coins is on the rise, as evidenced by Shiba Inu&#8217;s inclusion in the portfolio of Symbolic Capital Partners, representing 2% ($1.7 million) of their total holdings of $86 million, per Arkham Intelligence <a href="https://twitter.com/ArkhamIntel/status/1783466069488701815">data</a>. This suggests a growing interest among institutional investors in meme coins, potentially driving market valuation higher over time.
Cryptocurrency trader Kevin <a href="https://twitter.com/Kev_Capital_TA/status/1783809976173019507">analyzed</a> Dogecoin's historical performance and highlighted potential price targets of 0.95 and 1.35 for the current bull cycle, while noting that achieving the current 1.618 Fibonacci extension at $3.80 may be challenging.
With transformative upgrades on the horizon for Shiba Inu and significant whale movements indicating potential developments for Dogecoin, investors and traders remain optimistic about the future prospects of these meme coin leaders.
Price Action: At the time of writing, DOGE was trading at $0.1489, down 21.4% over the past 30 days. SHIB was trading at $0.00002523, down 18.4% over the past 30 days.
What's Next: The influence of meme coins and&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;are topics expected to be thoroughly explored at Benzinga's upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38383807/trader-predicts-at-least-3-meme-coins-above-100b-market-cap-heres-which-coins-benzinga-fol">Trader Predicts &#8216;At Least 3 Meme Coins Above $100B Market Cap&#8217;: Here&#8217;s Which Coins Benzinga Followers Liked The Most</a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$DOGE

$SHIB

Are Dogecoin And Shiba Inu Primed For The Next Leg Up?

Barclays analyst Jared Shaw maintains Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) with a Equal-Weight and raises the price target from $20 to $21.

COLB

Barclays Maintains Equal-Weight on Columbia Banking System, Raises Price Target to $21

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates Live Oak Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOB#NYSE">LOB</a>) with a Market Perform and lowers the price target from $45 to $40.

Keefe, Bruyette & Woods Reiterates Market Perform on Live Oak Bancshares, Lowers Price Target to $40