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RAIT Financial Trust Acquires Empire American Realty Trust for $2.3M
Monday, January 24, 2011 - 9:42am | 67RAIT Financial Trust (NYSE: RAS) today announced that it acquired Empire American Realty Trust, Inc.. RAIT paid approximately $2.3 million for Empire and certain of its affiliated entities including the entity that serves as the external advisor of Empire. RAIT will be the sponsor of Empire's...
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Minerals Technologies to Build a Satellite PCC Plant in India
Friday, January 21, 2011 - 10:31am | 114Minerals Technologies Inc. (NYSE: MTX) announced today that its wholly owned subsidiary, Specialty Minerals Inc., has entered into a long-term agreement with The West Coast Paper Mills Limited to build and operate a satellite precipitated calcium carbonate (PCC) plant at West Coast's flagship pulp...
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Morgan Stanley Issues Rating Changes on Cabot Oil & Gas, Fibria Celulose S.A. (COG, FBR)
Friday, January 21, 2011 - 10:00am | 110Morgan Stanley issues rating changes on the following companies: Cabot Oil & Gas (NYSE: COG) from Underweight to Overweight. Morgan Stanley tells investors, "We are upgrading COG to OW from UW and introducing a $45 price target. Our UW call was predicated on our concerns on funding of the...
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Top 4 Small-Cap Stocks In The Property Management Industry With The Highest ROE (HXM, RAS, ADC, WPC)
Friday, January 21, 2011 - 5:06am | 143Below are the top small-cap property management stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at Homex Development Corp (NYSE: HXM) is 15.63%. HXM's operating margin for the same period is 16.01%. The trailing-twelve-month return on...
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Anworth Mortgage Increases Series B Conversion Rate (ANH)
Thursday, January 20, 2011 - 5:07pm | 21Anworth Mortgage (NYSE: ANH) Increases Series B Conversion Rate And Announces Preferred Dividends
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Are Mortgage REITs Good Buys Now? (NLY, AGNC, HTS, CMO, IMH)
Thursday, January 20, 2011 - 2:54pm | 191Well, are they? The Federal Reserve isn't expected to raise interest rates anytime soon, at least 2012 at the earliest, unless the job and housing markets improve drastically over the next 11 months. The yield curve has widened nearly 100 basis points since the Fed announced its $600 billion...
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Calls Purchased on iStar Financial (SFI)
Wednesday, January 19, 2011 - 1:56pm | 143Shares of iStar Financial (NYSE: SFI) are lower on the session by 0.85%, currently trading at $8.13. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...
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Jefferies Upgrades MFA To Buy From Hold
Wednesday, January 19, 2011 - 10:29am | 75Jefferies is upgrading MFA Financial (NYSE: MFA) to Buy from Hold, and raises its PT to $9 from $7.50. “With a solid track record, seasoned management team, and an attractive book of non-Agency RMBS, we are upgrading shares of MFA from Hold to Buy,” Jefferies writes. “We expect the company's non-...
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Jefferies Downgrades HTS To Hold, Lowers PT To $27
Wednesday, January 19, 2011 - 10:14am | 131Jefferies is downgrading Hatteras Financial Corp. (NYSE: HTS) to Hold from Buy, and lowers its PT to $27 from $30. “We anticipate duration extension and Agency MBS price declines to occur over the course of 2011,” Jefferies writes. “Based on this and despite a solid management team and a sound long...
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Jefferies Downgrades NLY To Hold From Buy
Wednesday, January 19, 2011 - 9:52am | 78Jefferies is downgrading shares of Annaly Capital Management (NYSE: NLY) from Buy to Hold. “We expect investment spreads and Agency MBS prices to decline over the coming 12-months,” Jefferies writes. “While investors are likely to earn the market return in the Agency space via ownership of NLY, we...
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Jefferies Downgrades Hatteras Financial Corp. To Hold
Wednesday, January 19, 2011 - 8:57am | 29Jefferies & Company has downgraded Hatteras Financial Corporation (NYSE: HTS) from Buy to Hold and has lowered the price target from $30 to $27.
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Jefferies Downgrades Annaly Capital Management
Wednesday, January 19, 2011 - 8:56am | 29Jefferies & Company has downgraded Annaly Capital Management (NYSE: NLY) from Buy to Hold and has lowered the price target from $18 to $15.
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Jefferies Upgrades MFA Financial To Buy
Wednesday, January 19, 2011 - 8:55am | 28Jefferies & Company has upgraded MFA Financial (NYSE: MFA) from Hold to Buy and has raised the price target from $7.50 to $9.
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JMP Securities Opens RSO With Market Perform
Wednesday, January 19, 2011 - 7:15am | 44Analysts at JMP Securities initiate coverage of Resource Capital Corp (NYSE: RSO) with a “market perform” rating. RSO shares fell 0.68% to close at $7.35 yesterday. More Analyst Ratings here
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iStar Financial Inc. Announces Ownership of South Beach Real Estate Condo Project
Tuesday, January 18, 2011 - 4:25pm | 60iStar Financial Inc. (NYSE: SFI) announced today that it will now have full ownership of the luxury Miami Beach real estate condominium project “South of Fifth,” located at 125 Ocean Drive. iStar Financial has engaged Cervera Real Estate, Inc., a South Florida real estate company, to manage the...