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Citigroup Downgrades Mack-Cali Realty To Hold, PT To $35
Thursday, March 24, 2011 - 7:00am | 28Citigroup has downgraded Mack-Cali Realty Corporation (NYSE: CLI) from Buy to Hold and has lowered the price target from $41 to $35.
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Benzinga's Top ETF Decliners, March 23rd (EGPT, TVIX, EDZ, DRN)
Wednesday, March 23, 2011 - 7:13pm | 182Market Vectors Egypt Index ETF (NYSE: EGPT) fell 8.11% on Wednesday, and it closed at $15.30. This was the third consecutive trading session that EGPT closed in the negative territory. VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) continued its downturn, and it closed its fifth...
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J.P Morgan Updates Its Model On Corporate Office Properties
Thursday, March 17, 2011 - 10:00am | 133J.P Morgan is updating its Corporate Office Properties (NYSE: OFC) model and lowering its 2011 FFO estimate $0.01 and raising its 2012 FFO estimate $0.11 to $2.44 and $2.73, respectively. J.P Morgan's 2011 FFO estimate is $0.02 below the mid-point of management's guidance ($2.35 to $2.57). The...
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Citi Comments On Douglas Emmett At Global Property CEO Conference
Tuesday, March 15, 2011 - 8:59am | 113In a report published by Citi, Douglas Emmett (NYSE: DEI) presented at Citi's 2011 Global Property CEO Conference. Citi said that DEI's CEO, Jordan Kaplan, commented that the company is within a few hundred basis points of operating in a landlord's market. “Debt refinancing, particularly 2012...
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BioMed Realty Trust Increases Dividend by 17.6% to $0.20
Monday, March 14, 2011 - 7:21am | 60BioMed Realty Trust, Inc. (NYSE: BMR) today announced that its board of directors has declared a first quarter 2011 dividend of $0.20 per share of common stock, representing a 17.6% increase over the company's fourth quarter 2010 dividend of $0.17 per share. The dividend is equivalent to an...
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SL Green Realty Corp. Announces $0.10 Dividend
Thursday, March 10, 2011 - 5:10pm | 56SL Green Realty Corp. (NYSE: SLG) today reported that its board of directors has declared a dividend of $0.10 per share of common stock for the quarter ending March 31, 2011. The dividend is payable on April 15, 2011 to shareholders of record at the close of business on March 31, 2011.
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How To Trade The IBM Analyst Day Tomorrow (IBM, EMC, SVVS, FFIV, DLR)
Monday, March 7, 2011 - 4:07pm | 445IBM (NYSE: IBM) is set to host its analyst day tomorrow which will likely to focus on the roadmap to 2015. Barclays believes the day will be focused on stuff the company talked about at its last analyst day, such as "growth markets", "analytics", "next-generation data center and cloud", and a "...
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Corporate Office Properties Trust Declares First Quarter 2011 Dividends
Thursday, March 3, 2011 - 5:12pm | 204Corporate Office Properties Trust (COPT) (NYSE: OFC) announced today that its Board of Trustees has declared a quarterly dividend of $0.4125 per Common Share of beneficial interest for the first quarter 2011. The dividend will be paid on April 15, 2011 to shareholders of record on March 31, 2011....
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Mack-Cali Announces Lease With International Law Firm
Monday, February 28, 2011 - 10:46am | 39Mack-Cali Realty Corporation (NYSE: CLI) today announced that international law firm Wilson Elser Moskowitz Edelman & Dicker LLP has signed a new 17-year, 6month, 37,404-square-foot lease at 125 Broad Street in Downtown Manhattan.
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Franklin Street Properties Reports FFO $0.22 Vs. $0.21 (FSP)
Wednesday, February 23, 2011 - 5:23pm | 483Franklin Street Properties (NYSE: FSP) announced today Funds From Operations (FFO) of $17.5 million and $66.9 million or $0.22 and $0.84 per share for the fourth quarter and year ended December 31, 2010, respectively. $0.22 is versus the $0.21 Street estimate. The Company also announced Net Income...
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Deutsche Bank Reports Raising Estimates For Digital Reality Trust
Tuesday, February 22, 2011 - 11:23am | 180Deutsche Bank has published a report on Digital Reality Trust (NYSE: DLR). According to the report, core NOI is ahead of expectations and DLR's increased 2011 guidance (+7.5c at the mid-point) driven by POSITIVE timing differences. “While the debate regarding the impact of “potential” supply will...
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Oppenheimer reports lighter than expected revenues for Digital Reality Trust
Tuesday, February 22, 2011 - 10:39am | 128Oppenheimer has published a report on Digital Reality Trust (NYSE: DLR). According to the report, DLR reported lighter than expected revenues and continued deceleration in organic growth. However, they also said that demand trends appear to be healthy, with pipelines continuing to fill and renewals...
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Digital Realty Trust, Inc. Reports Q4 EPS of $0.98 vs. $0.91
Friday, February 18, 2011 - 8:19am | 104Digital Realty Trust, Inc. (NYSE: DLR) today announced financial results for its fourth quarter and full year ended December 31, 2010. Funds from operations was $102.9 million in the fourth quarter of 2010, or $0.98 on a diluted per share and unit basis, up 21.0% from $0.81 per diluted share and...
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Earnings Scheduled For February 18 (PGN, BAM, CPB, CRMT, PNW, DLR, AGP, HPT, B, HS)
Friday, February 18, 2011 - 4:00am | 267Progress Energy Inc (NYSE: PGN) is projected to post its Q4 EPS at $0.44 on revenue of $2.44 billion. Brookfield Asset Management (NYSE: BAM) is projected to post its Q4 EPS at $0.36 on revenue of $3.14 billion. Campbell Soup (NYSE: CPB) is estimated to report its FQ2 EPS at $0.72 on revenue of $2...
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J.P Morgan Comments On Brandywine Realty Trust Following Earnings
Thursday, February 17, 2011 - 9:28am | 175Brandywine Realty Trust (NYSE: BDN) reported 4Q FFO that was a penny above J.P Morgan's estimate and Bloomberg consensus. The quarter was largely as expected, with occupancy and rent spreads coming in slightly better than we anticipated. However, JPM notes that significant weakness in NJ/DE markets...