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J.P. Morgan Reports Declassified Docs Lead To A Land Impairment For Corporate Office Properties
Wednesday, April 6, 2011 - 8:07am | 121According to J.P. Morgan, Corporate Office Properties (NYSE: OFC) declassified documents lead to land impairment. J.P. Morgan reported that it is updating its 2011 FFO/share and 1Q estimates to reflect OFC's recently announced $28 million ($0.39/share) impairment charge relating to its Fort...
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KBW Has Outperform On Corporate Office Properties Trust Inc. (OFC)
Wednesday, April 6, 2011 - 7:28am | 111KBW has an Outperform rating and a $41 price target on shares of Corporate Office Properties Trust Inc. (NYSE: OFC). In a note to clients, KBW writes, "OFC announced what appears to be a final resolution on Fort Ritchie - writing the asset to zero via a non-cash impairment of $28 million ($0.39...
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Corporate Office Properties Lowers 2011 EPS Guidance to $0.12 - $0.30
Tuesday, April 5, 2011 - 4:28pm | 190Corporate Office Properties Trust (NYSE: OFC) announced today that it would recognize a non-cash impairment loss of approximately $28 million, or $0.39 per diluted share, related to its investment in Fort Ritchie in Cascade, MD. The impairment loss will be reflected in the Company's operating...
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Kilroy Realty Corporation Announces Commencement of Public Offering of 4.5M Shares
Tuesday, April 5, 2011 - 4:02pm | 73Kilroy Realty Corporation (NYSE: KRC) today announced that it has commenced a public offering of 4,500,000 shares of common stock. In addition, the company expects to grant to the underwriters for the public offering a 30-day option to purchase up to 675,000 additional shares of common stock to...
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FBR Capital Upgrades DLR To Market Perform
Tuesday, April 5, 2011 - 6:02am | 51Analysts at FBR Capital upgrade Digital Realty Trust Inc (NYSE: DLR) from “underperform” to “market perform.” The target price for DLR is set to $61. DLR shares rose 0.74% to close at $58.58 yesterday. More Analyst Ratings here
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FBR Capital Ups SLG To Market Perform
Tuesday, April 5, 2011 - 6:00am | 53Analysts at FBR Capital upgrade SL Green Realty Corp (NYSE: SLG) from “underperform” to “market perform.” The target price for SLG has been raised from $74 to $79. SLG shares rose 0.24% to close at $76.50 yesterday. More Analyst Ratings here
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Highwoods Properties Announces Termination of Proposed Development Project in Kansas City
Monday, April 4, 2011 - 4:52pm | 76Highwoods Properties, Inc. (NYSE: HIW) today announced that its proposed $58 million, government incentive-free, build-to-suit for the law firm of Polsinelli Shughart PC in Kansas City has been terminated by the law firm. Given that the regulatory approvals necessary for the project have not yet...
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Jefferies Comments On Biomed Realty Trust, Boston Realty Market
Monday, April 4, 2011 - 7:24am | 203The Greater Boston life science real estate market contributes 33.6% of BioMed Realty Trust's (NYSE: BMR) rents. Life science real estate fundamentals have been steadily improving, as market vacancy has declined by 180 basis points since 1Q10 to 11.5%. Jefferies continues to expect solid life...
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UBS Research Summary (AIG, BXP, HSFT, SLG)
Friday, April 1, 2011 - 11:56am | 87In today's UBS research summary, UBS lowered its American International Group (NYSE: AIG) price target from $45 to $39, raised Boston Properties' (NYSE: BXP) price target from $92 to $95, lowered HiSoft Technology International's (NASDAQ: HSFT) price target from $27 to $21 and downgraded the...
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UPDATE: Morgan Keegan Raises PT on Lexington Realty Trust to $12 (LXP)
Friday, April 1, 2011 - 8:00am | 115Morgan Keegan is out with its report today on Lexington Realty Trust (NYSE: LXP), raising its PT from $10 to $12. In a note to clients, Morgan Keegan writes, "As balance sheet improvement and accelerating growth prospects near, we believe further valuation expansion is justified. We are raising...
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BioMed Realty, L.P. Announces Closing of Offering of 3.85% Senior Unsecured Notes Due 2016 (BMR)
Wednesday, March 30, 2011 - 10:51am | 59BioMed Realty Trust, Inc. (NYSE: BMR) today announced that its operating partnership subsidiary, BioMed Realty, L.P., completed a public offering of $400 million aggregate principal amount of 3.85% Senior Notes due 2016. The Notes are senior unsecured obligations of the operating partnership and...
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Stocks Going Ex Dividend the Fifth Week of March
Saturday, March 26, 2011 - 9:56pm | 728Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Franklin Street Properties Corp. Acquires One Legacy Circle in Plano, Texas for $53.6M
Thursday, March 24, 2011 - 4:21pm | 53Franklin Street Properties Corp. (NYSE: FSP) announced today its acquisition of an office building in Plano, Texas for a purchase price of $53,600,878. Completed in 2008, the building is located within the Legacy Town Center at 7500 Dallas Parkway, contains approximately 214,110 rentable square...
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UPDATE: Citi Downgrades Mack-Cali Realty Corp to Hold (CLI)
Thursday, March 24, 2011 - 7:39am | 141Citi is out with its report today on Mack-Cali Realty Corp (NYSE: CLI), downgrading CLI from Buy to Hold. In a note to clients, Citi writes, "We are downgrading CLI shares to Hold from Buy and reducing our price target to $35 from $41. While relative valuation is still attractive, the shares lack...
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J.P. Morgan Raises EPS Estimates For DEI
Thursday, March 24, 2011 - 7:32am | 86J.P. Morgan has published a report raising estimates for Douglas Emmett Inc. (NYSE: DEI). In the report J.P. Morgan writes, "We are raising our 2011 and 2012 FFO/share estimates for DEI $0.02 and $0.03, respectively, to $1.36 in 2011 and $1.36 in 2012 on the back of DEI's recent debt issuance. Our...