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Benzinga’s Top Downgrades (SLT, PKY, SU, WEC, ENER, VTAL)
Wednesday, February 10, 2010 - 11:04am | 222Analysts at Argus downgraded Sterlite Industries India Ltd (NYSE: SLT) to “sell” from “buy.” SLT closed at $16.27 yesterday. Sterlite has been trading in the 52-week range of $4.23 - $20.10. Raymond James downgraded Parkway Properties (NYSE: PKY) to “underperform.” PKY closed at $17.35 yesterday....
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Benzinga’s Top Losers (ISIS, ULTI, PKY, KAZ, DF)
Wednesday, February 10, 2010 - 10:57am | 309ISIS Pharmaceuticals, Inc. (NASDAQ: ISIS) decreased 16.85% to $9.19 on 2.21 million shares. Genzyme Corp. (NASDAQ: GENZ) and Isis Pharmaceuticals announced today that the phase 3 study of mipomersen in patients with heterozygous familial hypercholesterolemia met its primary endpoint with a highly...
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Benzinga’s Top Downgrades (PKY, GME, ERTS, MSPD, APD)
Tuesday, February 9, 2010 - 11:56am | 236Parkway Properties Inc (NYSE: PKY) was downgraded by Stifel Nicolaus from “hold” to “sell.” PKY’s stocks slipped 10.68% to $17.82 at 10:24 am after Parkway Properties was downgraded. While the company’s 52-week trading range is $8.46-$23.25, PKY’s trading range for today has so far been $17.60-$18....
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Duke Realty Corporation (DRE) Downgraded To Sell
Tuesday, February 2, 2010 - 11:51am | 134Analysts at Stifel Nicolaus have downgraded the shares of Duke Realty Corporation (NYSE: DRE) to a Sell rating. The company surprised Wall Street with its latest guidance figures, estimating earnings per share of 95 cents to $1.15, compared to Wall Street forecasts of $1.11. Stifel Nicolaus...
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Benzinga’s Top Downgrades (VCLK, DRE, BDN, PKY, CLP)
Tuesday, February 2, 2010 - 10:29am | 257ValueClick, Inc. (NASDAQ: VCLK) declined 0.63% to $9.50 in the pre-market session after ValueClick was downgraded today by Collins Stewart to Hold from Buy. The 52-week trading range for ValueClick is $5.48 - $13.94. VCLK closed at $9.56 in the previous trading session. Duke Realty Corporation (...
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Top 5 Mid-Cap Stocks In The Financial Sector With The Highest 5-Y Earnings Estimate (GNW, ENH, DLR, HCBK, GHL)
Thursday, January 21, 2010 - 7:28am | 265Below are the top 5 mid-cap financial stocks on the NASDAQ and the NYSE in terms of 5-year earnings growth. The five-year earnings growth estimate for Genworth Financial Inc (NYSE: GNW) is 36%. GNW’s market capitalization is $6.52 billion. Deutsche Securities upgraded GNW from “hold” to “buy.” Read...
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News Round-Up (BXP, DAL, AMR, GLW, MKND, DOX, SAPE)
Monday, January 11, 2010 - 3:25pm | 412New York Daily News owner Mortimer Zuckerman takes charge of Boston Properties (NYSE: BXP) following the demise of co-founder and CEO Edward Linde on Sunday due to pneumonia related complications. Recent reports from Tokyo have indicated that Japan's turnaround czar favors a tie-up of Japan...
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Boston Properties Inc (BXP) Chief Executive Officer Linde Dies
Monday, January 11, 2010 - 12:58pm | 122Boston Properties Inc. (NYSE: BXP) announced that its Co-Founder and Chief Executive Officer, Edward H. Linde, has passed away as a result of complications from pneumonia. Mortimer B. Zuckerman, Co-Founder and Chairman of the Board, has assumed the duties of Chief Executive Officer. Boston...
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REIT Update: Brandywine Realty (BDN)
Monday, January 11, 2010 - 12:28pm | 92Analysts at Janney Capital Markets have reiterated a Buy rating for Brandywine Realty TR (NYSE: BDN). The analysts have moved to a multiple based valuation and have revised their price target from $13 to $15. Brandywine Realty Trust is an equity REIT that owns primarily class-A suburban and urban...
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Company News for January 11, 2010 - Corporate Summary
Monday, January 11, 2010 - 10:16am | 197• Heineken plans a $7.7 billion all-stock purchase of the beer division of Fomento Economico Mexicano • Goldman Sachs (NYSE:GS) cut its rating on Northern Trust (NASDAQ:NTRS) from "buy" to "neutral." The price target was $54 on the shares • Deutsche Bank (NYSE:DB) reiterated its "buy" rating on...
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Digital Realty Trust, Inc. (DLR) to Buy 3 Datacenters for $375 mln
Friday, January 8, 2010 - 1:18pm | 130Digital Realty Trust, Inc. (NYSE: DLR) announced that it entered into definitive purchase and sale agreements with unrelated third parties to acquire a three property data center portfolio located in Massachusetts and Connecticut, also referred to as the New England Portfolio. The portfolio...
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Maguire Properties (MPG) To Remain Volatile
Thursday, January 7, 2010 - 2:31am | 117Maguire Properties (NYSE: MPG) has been given a price target of $2. This price target is 8X multiple of estimated FFO for Year2011. Its peers are trading at an average multiple of 13.4X. According to a recent report released by Baird, the company is expected to face uncertainties on several...
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Benzinga’s News Roundup (DLR, HL, CVVT, DNE, APWR)
Thursday, December 31, 2009 - 10:13am | 296Digital Realty Trust, Inc. (NYSE: DLR) today reported that it plans to raise up to $400 million through sale of its common shares. The net proceeds would be used to pay down debt, buy additional properties and for development and redevelopment opportunities. Digital Realty closed at $49.80 in the...
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Research On Boston Prop, Cousin Prop, SL Green, CBL, Kimco (KIM, BXP, SLG, CUZ, CBL)
Tuesday, November 17, 2009 - 10:46am | 287Goldman Sachs met senior executives at NAREIT’s Annual Convention and here is a small list as to what Goldman feels about the following companies. Goldman Sachs gave Boston Properties, Inc. (NYSE: BXP) a Buy rating as it feels that Boston has a 95% leased portfolio and has cash balance of over $1....
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RBC Capital Upgrades Kilroy Realty To Top Pick
Monday, November 2, 2009 - 9:14am | 45RBC Capital upgrades Kilroy Realty (NYSE: KRC) to Top Pick from Outperform. RBC Capital upgrades KRC after Kilroy's better than expected third quarter leasing activity. RBC says Kilroy is undervalued with relatively low leverage. RBC's price target on Kilroy is $39.