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COPT Announces Offering of 4,000,000 Common Shares
Thursday, May 19, 2011 - 3:08pm | 112Corporate Office Properties Trust (NYSE: OFC) announced today that it plans to sell 4,000,000 newly issued common shares in an underwritten public offering pursuant to its effective shelf registration statement previously filed with the Securities and Exchange Commission. The underwriters for the...
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Franklin Street Properties Corp. Announces Increase in Total Availability Under Its Credit Facility From $500 Million to $600 Million
Thursday, May 19, 2011 - 1:35pm | 88Franklin Street Properties Corp (NYSE: FSP), an investment firm specializing in real estate, today announced that it increased total availability under its credit facility entered into in February 2011 from $500 million to $600 million by fully exercising its $100 million accordion feature. The...
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Recapitalization and Redevelopment of 280 Park Avenue Announced with SL Green Realty Corp and Vornado Realty Trust
Tuesday, May 17, 2011 - 3:17pm | 83In a transaction completed today, 280 Park Avenue equity partners Broadway Partners and Investcorp have executed a recapitalization agreement with mezzanine debt holders SL Green Realty Corp (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO). The transaction merges the parties' respective equity...
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KBW Maintains Outperform Rating on Lexington Realty Trust
Monday, May 16, 2011 - 6:19am | 90KBW is maintaining its OP rating on Lexington Realty Trust (NYSE: LXP). “LXP upsized its originally announced 8M share offering to 10M shares priced at $9.45 or just 2% below prior day's close (expected gross proceeds of $108.6M (assuming 1.5M shoe is exercised),” KBW writes. “Although LXP...
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CEOWORLD Most Promising Top Dividend Stock Picks To Buy Right Now
Sunday, May 15, 2011 - 9:11am | 2008Cognex (CGNX) is trading at a price of $34.86, a dramatic change of -0.97. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 1.45B. Cognex is giving up its quarterly distributions by 13% to $0.09 a share. This is the third time over...
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Lexington Realty Trust Announces 10M Share Public Offering Priced at $9.45
Friday, May 13, 2011 - 7:50am | 76Lexington Realty Trust (NYSE: LXP) today announced that it priced an underwritten registered public offering of 10,000,000 common shares at a public offering price of $9.45 per share. Lexington also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common shares to...
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Lexington Realty Trust Announces Offering of 8.0M Shares
Thursday, May 12, 2011 - 3:01pm | 93Lexington Realty Trust (NYSE: LXP) today announced that it has commenced an underwritten registered public offering of 8,000,000 common shares. Lexington will grant the underwriters a 30-day option to purchase up to an additional 1,200,000 common shares to cover over-allotments, if any. BofA...
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SL Green Assumes Control of Office Condominium at 110 East 42nd Street
Thursday, May 12, 2011 - 7:11am | 122SL Green Realty Corp. (NYSE: SLG) announced today that it has acquired a substantial ownership interest in the 205,000-square-foot office condominium at 110 East 42nd Street, along with control of the asset. This property, which is located steps from Grand Central Terminal on the south side of 42nd...
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Alexandria Real Estate Equities Reports Exercise of Over-Allotment Option by Underwriters (ARE)
Monday, May 9, 2011 - 3:12pm | 100Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that the underwriters of its recent public offering of 5,500,000 shares of common stock have partially exercised their over-allotment option to purchase an additional 750,651 shares of common stock, bringing the total net proceeds to...
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Top 10 REITs Dividend Yields
Monday, May 9, 2011 - 10:03am | 404As the REIT boom continues to develop, China Analyst takes a look at the best performing REITs. Below is a list of the top 10 dividend yielding REITs as of March 2011. (Click the following link for the full article: CAnalyst.com) 10. PennyMac Mortgage Investment Trust (NYSE: PMT) Dividend Rate as...
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Goldman Sachs Removes DLR From Conviction Buy List
Monday, May 9, 2011 - 6:53am | 48Goldman Sachs is removing Digital Realty Trust Inc. (NYSE: DLR) from its Conviction Buy list as we see fewer identifiable catalysts and just 6% upside to our target price.” Goldman Sachs maintains its Buy rating on DLR, which closed Friday at $59.97.
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KBW Maintains Outperform on Alexandria Real Estate Equities (ARE)
Monday, May 9, 2011 - 6:13am | 106KBW is out with its report today on Alexandria Real Estate Equities (NYSE: ARE), maintaining Outperform. In a note to clients, KBW writes, "Ex-$0.05 in debt charges, ARE reported Q1 FFO of $1.15, in line with our est., which incl. $0.02 of debt charges. SS NOI +5.8% (cash); $293M acquisition at...
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Parkway Announces Contract to Sell Chicago Asset, Sees Proceeds of $75.5M (PKY)
Friday, May 6, 2011 - 3:15pm | 191Parkway Properties, Inc. (NYSE: PKY) announced today that it has entered into a contract to sell 233 North Michigan for a gross sale price of $162.2 million and has received a $17.0 million non-refundable earnest deposit. 233 North Michigan is a 1.1 million square foot office property located in...
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On This Day – 5 Stocks For Babe Ruth
Friday, May 6, 2011 - 10:49am | 369On May 6, 1915, Babe Ruth hit his first major league home run while playing for the Boston Red Sox. The career that followed would go down in history and make Babe Ruth arguably the most recognized name in baseball history. Here we present 5 stocks that would be a hit (see what we did there) with...
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Alexandria Real Estate Equities Public Follow-On Offering of 5.5M Shares Priced at $75.50 per Share
Friday, May 6, 2011 - 8:11am | 122Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today the pricing of its follow-on public offering of 5,500,000 shares of common stock at a price of $75.50 per share. Goldman, Sachs & Co., Barclays Capital, Citi, and RBC Capital Markets acted as joint bookrunning managers and BB...