Meritage Net Orders INCREASE and 4 Stocks Hitting 52-Week Highs

Magellan Midstream (NYSE:MMP) raised the quarterly cash distribution of the partnership to 94.25c per unit for the period April 1 through June 30. The Q2 distribution is 20 percent higher than 2011’s Q2 distribution of 78.5c per unit, and it reflects a 12 percent rise over the Q1 distribution of 84c. The new distribution, equating to $3.77 per unit on an annualized basis, is to be paid Aug. 14 to unitholders of record at the close of business on Aug. 7. The shares closed at $77.72, up $3.75 or 5.07% on the day. They have traded in a 52-week range of $51.00 to $77.15.

Meritage Corp. (NYSE:MTH) net orders showed an 18 percent increase sequentially to 1,353 in Q2 from 1,144 in Q1, which results in the highest level of quarterly orders for Meritage since Q2 of 2008. The shares closed at $37.23, up $4.23 or 12.82% on the day. They have traded in a 52-week range of $13.68 to $36.60.

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Nextera Energy (NYSE:NEE) reports a Q2 adjusted EPS of $1.26, consensus $1.16. The shares closed at $70.72, up $1.9 or 2.76% on the day. They have traded in a 52-week range of $49.00 to $70.94.

Pultegroup (NYSE:PHM) CEO Richard J. Dugas stated: “With each passing quarter, we grow more confident that new home demand has found its footing and is moving along a path toward a gradual recovery. Within this environment, we remain focused on strengthening our local market positions while continuing to implement initiatives designed to increase revenues, expand margins, improve overhead leverage and allocate capital more effectively.” The shares closed at $11.86, up $1.84 or 18.36% on the day. They have traded in a 52-week range of $3.29 to $11.48.

Rayonier Inc. REIT (NYSE:RYN): The company claims, “In Forest Resources, we will continue to capitalize on local market opportunities in the Southeast, and will increase harvest volumes in the Northwest as Asian markets improve. In Performance Fibers, we anticipate another record year driven by strong cellulose specialties markets. Also, we remain on track to complete our cellulose specialties expansion project by mid-2013. We expect full year earnings to be comparable to 2011, excluding special items, and CAD to range from $295 million to $310 million, substantially above our dividend.” The shares closed at $47.34, up $0.46 or 0.98% on the day. They have traded in a 52-week range of $34.68 to $47.56.

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