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Digital Realty Trust Closes New $100 Million Asia Pacific Revolving Credit Facility
Monday, August 22, 2011 - 6:56pm | 241Digital Realty Trust (NYSE: DLR), a global provider of data center solutions, today announced that it closed a new $100 million US dollar equivalent senior unsecured revolving credit facility with a syndicate of four banks. Under the terms of the new facility, funds may be initially drawn in...
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UPDATE: Stifel Nicolaus Upgrades Mack-Cali Realty to Hold
Thursday, August 18, 2011 - 8:23am | 79Stifel Nicolaus is out with its report today on Mack-Cali Realty (NYSE: CLI), upgrading CLI to Hold from Sell. In its report, Stifel Nicolaus writes, "We are upgrading Mack-Cali from Sell to Hold as we think the attractive valuation and solid 39% levered balance sheet will result in share...
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UPDATE: Stifel Nicolaus Upgrades Franklin Street Properties to Hold
Thursday, August 18, 2011 - 8:18am | 102Stifel Nicolaus is out with its report today on Franklin Street Properties (NYSE: FSP), upgrading FSP to Hold from Sell. In its report, Stifel Nicolaus writes, "We are upgrading Franklin Street from Sell to Hold as we like 1) its willingness to sell stabilized assets with long (over six year)...
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Stifel Nicolaus Downgrades OFC, PLD To Hold, Removes PT
Thursday, August 18, 2011 - 7:35am | 36Stifel Nicolaus has downgraded the following companies from Buy to Hold: Corporate Office Properties Trust (NYSE: OFC) ProLogis (NYSE: PLD)
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Stifel Nicolaus Upgrades FSP, CLI To Hold
Thursday, August 18, 2011 - 7:34am | 34Stifel Nicolaus has upgraded Franklin Street Properties (AMEX: FSP) and Mack-Cali Realty (NYSE: CLI) from Sell to Hold.
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Digital Realty Trust Acquires Redevelopment Site in London for $12.9M
Wednesday, August 17, 2011 - 5:55am | 67Digital Realty Trust, Inc. (NYSE: DLR) announced today that it has acquired a redevelopment site in Chessington, England, approximately 17 miles southwest of central London and eight miles inside the M25. The purchase price was 12.9 million pounds Sterling. The building totals approximately 130...
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Parkway Properties Sells Asset in Richmond, Virginia
Tuesday, August 16, 2011 - 5:11pm | 331Parkway Properties (NYSE: PKY) announced today the sale of Glen Forest for a gross sale price of $9.3 million. Glen Forest is an 81,000 square foot office property located in the Parham Road submarket of Richmond, Virginia. The building was 99.1% occupied as of August 1, 2011. Steven G....
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Jefferies Reports Strong 2Q11 Results On Boston Properties
Monday, August 15, 2011 - 7:27am | 99According to Jefferies, Boston Properties (NYSE: BXP) reported strong 2Q11 results largely driven by higher ancillary income. Jefferies said that its 12-month price target of $99 for BXP is derived via the dividend discount model and implies that one year from now, the stock will trade at 19.4x...
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Jefferies Comments on Development at BioMed Realty Trust
Monday, August 15, 2011 - 6:48am | 117Jefferies has published a research report on BioMed Realty Trust (NYSE: BMR) updating on the status of the company. In the report, Jefferies wrote, "BMR reported essentially in-line 2Q11 results and narrowed its 2011 FFO per share guidance range by $0.01 at each end to a new range of $1.16-$1.20...
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Top 4 NYSE Stocks In The REIT-Office Industry With The Highest Operating Margin
Monday, August 15, 2011 - 1:02am | 111Below are the top REIT-office stocks on the NYSE in terms of operating margin. The trailing-twelve-month operating margin at Caplease Funding Inc (NYSE: LSE) is 47.33%. LSE's PEG ratio is 2.36. The trailing-twelve-month operating margin at Boston Properties Inc (NYSE: BXP) is 38.12%. BXP's...
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Goldman Sachs Downgrades BXP, VNO To Neutral
Thursday, August 11, 2011 - 6:41am | 40Goldman Sachs has downgraded the following companies: Boston Properties (NYSE: BXP) from Buy to Neutral Vornado Realty Trust (NYSE: VNO) from Buy to Neutral
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COPT Enters into $1 Billion Line of Credit & $400 Million Term Loan
Tuesday, August 9, 2011 - 3:12pm | 170Corporate Office Properties Trust (NYSE: OFC) announced today that, on August 5, 2011, it entered into a credit agreement, to be effective September 1, 2011, that provides for a new, $1 billion line of credit that matures on September 1, 2014, and may be extended by one year. The Credit Facility...
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Top 4 Mid-Cap Stocks In The REIT-Retail Industry With The Highest Profit Margin
Tuesday, August 9, 2011 - 3:16am | 133Below are the top mid-cap REIT-retail stocks on the NYSE and the NASDAQ in terms of profit margin. The trailing-twelve-month profit margin at SL Green Realty Corporation (NYSE: SLG) is 60.25%. SLG's revenue for the same period is $1.26 billion. The trailing-twelve-month profit margin at Realty...
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Benzinga's Top ETF Gainers, August 8th (TVIX, FAZ, DRV, TZA)
Monday, August 8, 2011 - 4:23pm | 206VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) traded 28.59% higher on Monday. This was the fifth trading session in a row that TVIX closed in the positive territory. Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) spiked 27.84%, and closed at $79.73 today. In the space, Bank of...
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KBW Upgrades SLG To Outperform
Wednesday, August 3, 2011 - 7:24am | 39Accoridng to KBW, SL Green Realty (NYSE: SLG), rating has been upgraded. KBW announced an upgrade in the rating of SLG, to Outperform. PT is maintained at $95. SLG closed yesterday at $76.12.