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Earnings Scorecard: Public Storage - Analyst Blog
Wednesday, November 17, 2010 - 10:55am | 876Public Storage (PSA), a leading real estate investment trust (REIT) operating self-storage facilities, reported third quarter 2010 recurring FFO (funds from operations) of $1.35 per share, which missed the Zacks Consensus Estimate by 3 cents. Funds from operations, a widely used metric to gauge...
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Boston Properties Announces Partial Redemption of 6.25% Senior Notes Due 2013
Friday, November 12, 2010 - 2:38pm | 54Boston Properties, Inc. (NYSE: BXP), announced today that its operating partnership, Boston Properties Limited Partnership, has given notice to redeem approximately $700.0 million in aggregate principal amount of its 6.25% Senior Notes due 2013 (the “Notes”) on December 12, 2010. There is currently...
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MPG Office Trust Accepts Resignation of CEO
Thursday, November 11, 2010 - 5:31pm | 68MPG Office Trust, Inc. (NYSE: MPG) announced today that it has accepted the resignation of its President and Chief Executive Officer, effective November 15, 2010. The letter submitted by Nelson C. Rising states: “I believe the Board of Directors and I do not share a common vision for the strategic...
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Parkway Properties Announces Fourth Quarter Dividend of $.075
Thursday, November 11, 2010 - 5:17pm | 43Parkway Properties, Inc. (NYSE: PKY) announced today that its Board of Directors declared a quarterly dividend of seven point five cents ($0.075) per share payable on December 29, 2010, to shareholders of record of Common Stock on December 15, 2010.
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Benzinga's Top Upgrades (NDN, BMR, ADSK, RUTH)
Thursday, November 11, 2010 - 9:38am | 15599 Cents Only Stores (NYSE: NDN) was upgraded by Deutsche Bank from "hold" to "buy." NDN's shares closed at $15.13 yesterday. Shares of 99 Cents Only Stores have moved up 15.76% year-to-date. FBR Capital upgrade BioMed Realty Trust Inc (NYSE: BMR) from "underperform" to "market perform." BMR's...
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Benzinga's Top ETF Gainers (UCO, AGQ, ERX, DRN)
Wednesday, November 10, 2010 - 8:52pm | 204ProShares Ultra DJ-UBS Crude Oil (NYSE: UCO) gained 5.64% on Wednesday, as crude oil traded higher on the unexpected decline in U.S. crude inventories. UCO closed at $11.98, and had a volume of 7.08M traded shares. ProShares Ultra Silver (ETF) (NYSE: AGQ) jumped 4.42%, and closed at $128.03, as...
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Benzinga's Top ETF Gainers (DRV, TMV, FAZ, ZSL)
Tuesday, November 9, 2010 - 8:23pm | 207Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) led the gainers among the ETFs on Tuesday with an increase of 12.00%. In the space, Simon Property Group, Inc (NYSE: SPG) fell 4.77%, and Boston Properties, Inc. (NYSE: BXP) dropped 4.43%. Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE: TMV...
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Benzinga's Top Upgrades (RBS, SPP, ARE, FPO)
Tuesday, November 9, 2010 - 9:24am | 159Royal Bank of Scotland Group (NYSE: RBS) was upgraded by Exane BNP from "underperform" to "neutral." RBS' shares closed at $14.11 yesterday. Shares of Royal Bank of Scotland have moved up 50.27% year-to-date. Credit Suisse upgrade Sappi Limited (NYSE: SPP) from "underperform" to "neutral." SPP's...
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Benzinga's Top Downgrades (AKS, CCME, EPR, HIW)
Tuesday, November 9, 2010 - 8:25am | 149AK Steel Holding Corporation (NYSE: AKS) was downgraded by Goldman Sachs from "buy" to "neutral." AKS' shares closed at $14.01 yesterday. AK Steel's 52-week trading range is $11.30-$26.50. China MediaExpress Holdings Inc (NASDAQ: CCME) was downgraded by Global Hunter Securities from "buy" to "...
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RBC Capital Markets Upgrades SLG To Outperform
Tuesday, November 9, 2010 - 8:10am | 54Analysts at RBC Capital Markets upgrade SL Green Realty Corp (NYSE: SLG) from "sector perform" to "outperform." The target price for SLG has been raised from $60 to $80. SLG's shares lost 2.68% to close at $68.39 yesterday. More Analyst Ratings here
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RBC Capital Markets Downgrades BXP To Sector Perform
Tuesday, November 9, 2010 - 7:49am | 53Analysts at RBC Capital Markets downgrade Boston Properties Inc (NYSE: BXP) from "outperform" to "sector perform." The target price for BXP has been raised from $92 to $103. BXP's shares lost 0.91% to close at $89.33 yesterday. More Analyst Ratings here
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SL Green Names James Mead as CFO
Friday, November 5, 2010 - 9:11am | 356SL Green Realty Corp. (NYSE: SLG), New York City's largest owner of commercial office properties, today announced the appointment of James E. Mead to be the Company's Chief Financial Officer (CFO), effective December 1, 2010. He succeeds Gregory Hughes, who is leaving at the end of his current...
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Digital Realty Trust Shares Fall 5.7% On Mixed Results (DLR)
Thursday, November 4, 2010 - 3:01pm | 282Shares of Digital Realty Trust, Inc. (NYSE: DLR) are trading down 5.7% at $55.95 per share during the Thursday afternoon trading session. The day's trading range for shares of Digital Realty Trust, Inc has been between $55.81 and $59.79 per share. Analysts covering the company's stock give it a...
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Digital Realty Trust, Inc. Reports Third Quarter EPS of $0.81
Thursday, November 4, 2010 - 8:31am | 80Digital Realty Trust, Inc. (NYSE: DLR), the leading owner and manager of corporate and Internet gateway datacenter facilities, today announced financial results for the third quarter of 2010. Funds from operations ("FFO") on a diluted basis was $91.7 million in the third quarter of 2010, or $0.81...
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Parkway Properties Upgraded to Hold
Wednesday, November 3, 2010 - 10:50am | 19Stifel Nicolaus upgrades Parkway Properties (NYSE: PKY) from Sell to Hold.