- The commercial property SJW Land Company (subsidiary) owns in Tennessee are probably reeling due to COVID (no Annual Report available for 2020 yet)
- Same for Chester Realty (subsidiary) in Connecticut as vacancies and business trends change
- Overbilling "scandal" in 2017 for some San Jose-area residents
- They run a "boring" business primarily as a water utility conglomerate in California, Texas, Connecticut, and Maine so new media-based surges in price are unlikely
- Passes my "OK Boomer" test with a dividend that has been increasing consistently for 16 years (ignore incorrect Q42017 data on Nasdaq's website, an extra dividend was paid after a subsidiary was sold)
- Water utility subsidiaries are distributed on both coasts which limits natural disaster impacts
- Price negatively impacted like many other companies during mid-February sell-off
All real estate details sourced from 2019 annual report.
- Only 3 Analysts covering SJW Group
- Median price target $73.50
- Price fell beneath the 200-Day on February 25, 2021 as part of a larger sell-off trend
- 5-Day crossed the 20-Day up on March 24, 2021 and the closing price continues to ramp up
- increased from 30 to 50 during last week's rally
Even using a conservative price target of $69 (below the median $73.50 TipRanks price target), SJW Group has about 10% upside based on the current price $62 range. As a "boomer" stock marching towards Dividend Aristocrat status in a "boring" industry, SJW could easily slide from your swing portfolio to your buy-and-hold portfolio.