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BTDStocks.com Tuesday, December 7, 2010 End-Of-Day Update
Tuesday, December 7, 2010 - 10:09pm | 363The stock market started out strong today but by the close the DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ) all reversed and finished near their lows of the session. What made the day bad was investor participation picked up as the indexes reversed to the downside after making new...
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Mack-Cali Realty Corporation Declares Dividend of $.45
Tuesday, December 7, 2010 - 5:22pm | 92Mack-Cali Realty Corporation (NYSE: CLI) today announced that its Board of Directors has declared a cash dividend of $0.45 per common share for the period October 1, 2010 through December 31, 2010. The dividend will be paid on January 14, 2011 to shareholders of record as of January 5, 2011. The...
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Jefferies Revises SLG Estimates
Tuesday, December 7, 2010 - 9:18am | 55Jefferies is revising its SL Green Realty Corporation (NYSE: SLG) 2010, 2011, and 2012 FFO per share estimates to $4.76, $4.13, and $4.32 from $4.78, $4.05, and $4.29. “Our adjustments reflect: 1) new 2011 guidance assumptions, 2) the recent acquisition announcement, and 3) revised financing...
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J.P. Morgan Neutral On SL Green Realty
Tuesday, December 7, 2010 - 9:08am | 175J.P. Morgan Chase & Co. has a Neutral rating and a $60 price target on shares of SL Green Realty Corp. (NYSE: SLG). In a note sent to investors J.P. Morgan writes, "SLG's management team remains optimistic that the New York City leasing market will continue to improve. The company cited a...
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Keefe Bruyette & Woods Comments On Alexandria Real Estate Equities Ahead Of Analyst Day
Tuesday, December 7, 2010 - 8:45am | 95Alexandria Real Estate Equities (NYSE: ARE) will host investors at the recently completed and over 90% leased/committed first building (310,000 sf) at its Alexandria Center for Life Science project in Manhattan. Keefe Bruyette & Woods believes ARE shares should be poised once again to...
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BTDStocks.com Monday, December 6, 2010 End-Of-Day Update
Tuesday, December 7, 2010 - 1:08am | 393Stocks traded in a narrow range today with the DJIA (DIA) and S&P 500 (SPY) 82 and 2 points below their November highs, respectively at today's close. Only the Nasdaq Composite (QQQQ) is sitting above its November high (15 points above). Breadth indicators were mixed and trading activity...
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Gramercy Capital Up 15% (GKK)
Monday, December 6, 2010 - 11:06am | 83Gramercy Capital Corp. (NYSE: GKK) is up more than 15% this morning on tremendous volume, as it's already traded almost it's entire average daily volume, 35 minutes into trading. This morning GKK announced that SL Green Realty Corp. (NYSE: SLG) would purchase investments from Gramercy Capital Corp...
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SL Green to Acquire New York City Office and Retail Real Estate Investments from Gramercy Capital for $390.8M
Monday, December 6, 2010 - 10:34am | 55SL Green Realty Corp. (NYSE: SLG) and Gramercy Capital Corp. (NYSE: GKK) today announced an agreement for SL Green to purchase investments from Gramercy Capital Corp. for an aggregate price of $390.8 million, including the assumption of $265.6 million in debt.
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KBW Has $79 Target On Alexandria Real Estate Equities (ARE)
Monday, December 6, 2010 - 7:56am | 36Keefe Bruyette & Woods has a $79 price target on Alexandria Real Estate Equities, Inc. (NYSE: ARE). Shares of ARE gained 35 cents on Friday to close at $69.12, a gain of 0.5%.
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BTDStocks.com Friday, December 3, 2010 End-Of-Day Update
Friday, December 3, 2010 - 11:10pm | 362When we first heard the jobs report this morning we thought today could be a tough day for stocks. But it is best to follow how the market reacts to the news rather than the news itself. The action today for the DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ) was very good considering...
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BTDStocks.com Thursday, December 2, 2010 End-Of-Update
Thursday, December 2, 2010 - 10:24pm | 442The stock market had another nice day in terms of price action with the major indexes all posting gains of 1% or higher. Breadth was strong again (not like when the rally began in March 2009-could indicate a late stage bull market) but volume figures are making it difficult to determine if the...
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Brandywine Realty Trust Announces Dividend of $.15
Thursday, December 2, 2010 - 1:16pm | 84Brandywine Realty Trust (NYSE: BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share, payable on January 20, 2011 to holders of record on January 6, 2011. The Board of Trustees also declared quarterly dividends of $0.46875 and $0.460938...
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BTDStocks.com Wednesday, December 1, 2010 End-Of-Day Update
Wednesday, December 1, 2010 - 10:35pm | 401As we have been suggesting the recent stock market consolidation has been constructive enough that we have reframed from calling it a correction. One reason for our thesis is the Semiconductor Index (SOX) has remained strong and outperformed the broader market during the consolidation phase. Good...
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Top Yielding Stocks Selling Below Book Value
Wednesday, December 1, 2010 - 4:15pm | 553Imagine that you own shares of a company that has a million shares that are trading for $10 per share. This would give the company a market capitalization of $10 million. Now further imagine that if you add up all the assets of the company, such as bank accounts, inventory, equipment, and real...
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BTDStocks.com Tuesday, November 30, 2010 End-Of-Day Update
Tuesday, November 30, 2010 - 10:28pm | 516For the third session in a row stocks had a down day. Just like yesterday stock opened weak and had an afternoon rally. Only today stocks materially weakened in late trading and couldn't finish near their highs. As a result, we are lowering the support/resistance levels for the DJIA (DIA), S...