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First Potomac Realty Trust Acquires Corporate Center for $12M
Thursday, November 11, 2010 - 5:37pm | 42First Potomac Realty Trust (NYSE: FPO) today announced the acquisition of a 90% joint venture interest in Redland Corporate Center II & III for $12 million. Perseus Realty, LLC is retaining its 10% interest in the joint venture.
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Benzinga's Top Upgrades (RBS, SPP, ARE, FPO)
Tuesday, November 9, 2010 - 9:24am | 159Royal Bank of Scotland Group (NYSE: RBS) was upgraded by Exane BNP from "underperform" to "neutral." RBS' shares closed at $14.11 yesterday. Shares of Royal Bank of Scotland have moved up 50.27% year-to-date. Credit Suisse upgrade Sappi Limited (NYSE: SPP) from "underperform" to "neutral." SPP's...
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First Potomac Realty Trust Announces Public Offering of 10M Shares
Monday, November 8, 2010 - 5:39pm | 76First Potomac Realty Trust (NYSE: FPO) today announced it has commenced an underwritten public offering of 10,000,000 common shares of beneficial interest pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. All of the shares will be offered by...
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Mad Money Lightning Round: Jim Likes Joy Global, Advises Investors To Sell Eastman Kodak (T, UXG, AEM, EGO, EK, DFT, FFIV, EMC, JOYG)
Monday, November 8, 2010 - 6:08am | 208On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he still likes AT&T (NYSE: T). For US Gold Corp (NYSE: UXG), he said, "There are so many great gold companies.” He advises the investors to buy Agnico-Eagle Mines (NYSE: AEM) or Eldorado Gold (NYSE: EGO). He added, “You need a...
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Citigroup Reiterates Hold Rating on DuPont Fabros (DFT)
Thursday, November 4, 2010 - 9:17am | 204Citigroup is out with a research report this morning, where it reiterates its Hold/High Risk rating on DuPont Fabros Technology Inc. (NYSE: DFT); it has a $27.00 price target on the stock. The Citi analysts cited the company's recently announced quarterly earnings report, which was in-line with...
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DCT Industrial Trust Reports In-Line 3Q
Wednesday, November 3, 2010 - 6:48am | 164JP Morgan has published a research report on DCT Industrial Trust (NYSE: DCT) after the company reported 3Q results that were decidedly in-line with estimates. In the report, JP Morgan writes "Tuesday evening, DCT reported Q3 FFO/share that met our estimate when excluding one-time impairment &...
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ProLogis Downgraded To Market Perform
Thursday, October 28, 2010 - 9:18am | 181Wells Fargo has published a research report on ProLogis (NYSE: PLD) and has downgraded the company to Market Perform. In the report, Wells Fargo writes "We see additional upside potential in PLD shares over time, but we believe there is significant execution risk still embedded in the PLD story....
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Wells Fargo Securities Downgrades PLD To Market Perform
Thursday, October 28, 2010 - 7:02am | 41Analysts at Wells Fargo Securities downgrade ProLogis (NYSE: PLD) from "outperform" to "market perform." PLD's shares gained 6.41% to close at $13.44 yesterday. More Analyst Ratings here
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Prologis Successfully Raises Equity
Wednesday, October 27, 2010 - 6:59am | 156Citigroup has published a research report on Prologis (NYSE: PLD) following the company's successful equity raise which has resulted in Citigroup maintaining its Buy rating. In the report, Citigroup writes "Between the ~$1bn successful equity raise, the $1bn sale of assets to Blackstone, the...
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Benzinga's Top ETF Decliners (TMF, BZQ, EWD, DRN)
Tuesday, October 26, 2010 - 5:52pm | 188Direxion Daily 30-Year Treasury Bull 3X Shares (NYSE: TMF) dropped 4.74%, and closed at $42.79 on Tuesday. TMF had a volume of 128K traded shares. ProShares Ultrashort MSCI Brazil (NYSE: BZQ) dropped 2.54%, as Brazilian stocks traded higher. Petroleo Brasileiro SA (ADR) (NYSE: PBR) gained 4.18%,...
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Marcus & Millichap Believes That Apartments Are Leading Recovery In Commercial Real Estate (AMB, FR, TRNO, ESS, AVB, EQR, BXP, BPO, VNO, SPG, TCO)
Tuesday, October 26, 2010 - 2:08pm | 429Hessam Nadji of Marcus & Millichap talked on CNBC with Erin Burnett about the recovery in the commercial real estate sector. He said that there is some improvement in investor sentiment, which is reacting to the job loss bottoming and leveling off of vacancies. He added that it looks like that...
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ProLogis 3Q Results Modestly Ahead Of Citigroup Estimates
Tuesday, October 26, 2010 - 8:45am | 106ProLogis (NYSE: PLD) announced 3Q results that were modestly ahead of Citigroup's core estimates (15c vs 13c estimate), with slightly higher core NOI (+1c), higher net other income (+2c) and lower G&A (+1c). This was offset by lower JV income (-1c) and a higher share count from the convert (-1c...
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ProLogis Reports Third Quarter Results; EPS $.22
Monday, October 25, 2010 - 4:03pm | 146ProLogis (NYSE: PLD), the leading global provider of distribution facilities, today reported third quarter 2010 funds from operations as defined by ProLogis (FFO), excluding significant non-cash items, of $0.22 per diluted share. Of this amount, approximately $0.07 related to gains from disposition...
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ProLogis To Offer 80M Shares
Monday, October 25, 2010 - 4:02pm | 25ProLogis (NYSE: PLD) today announced it intends to offer 80 million common shares in a registered public offering.
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AMB Property Corporation Pre-Leases Two Properties in Brazil
Friday, October 22, 2010 - 7:59am | 60AMB Property Corporation® (NYSE: AMB) today announced leases in Brazil totaling 563,100 square feet (52,310 square meters) including a 404,200 square foot (37,550 square meter) build-to-suit with a leading global logistics company. A second customer signed a lease for 158,900 square feet (14,760...