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UPDATE: Stifel Nicolaus Upgrades Lexington Realty Trust to Buy
Thursday, June 16, 2011 - 8:12am | 196Stifel Nicolaus is out with its report today on Lexington Realty Trust (NYSE: LXP), upgrading LXP from Hold to Buy. In a note to clients, Stifel Nicolaus writes, "We are upgrading Lexington Property Trust to Buy from Hold as we think 1) the recent sell-off of 8% in the last month, one of the...
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Stifel Nicolaus Upgrades Lexington Realty Trust To Buy, $10 PT
Thursday, June 16, 2011 - 6:57am | 27Stifel Nicolaus has upgraded Lexington Realty Trust (NYSE: LXP) from Hold to Buy and has established a $10 price target.
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Bank of America Merrill Lynch Remains Neutral On Douglas Emmett
Thursday, June 16, 2011 - 6:33am | 162Bank of America Merrill Lynch has a Neutral rating and a $21.50 price target on shares of Douglas Emmett (NYSE: DEI). In a note to clients, Bank of America Merrill Lynch writes, "We hosted two days of meetings with DEI management and investors this week. The multifamily portfolio is the bright...
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Bank of America Raises PO On Douglas Emmett To $21.50
Thursday, June 16, 2011 - 5:09am | 28Bank of America has raised the price objective on Douglas Emmett (NYSE: DEI) from $20.50 to $21.50 and maintains its Neutral rating.
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J.P. Morgan Reduces PT on Corporate Office Properties to $32, Underweight
Wednesday, June 15, 2011 - 7:41am | 127J.P. Morgan reduced its price target on Corporate Office Properties (NYSE: OFC) from $35 to $32 after updating its model. In a research report published today, J.P. Morgan states, "We are updating our OFC model to reflect its recent equity offering and consequently lowering our 2011...
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Benzinga's Top Upgrades
Wednesday, June 15, 2011 - 7:04am | 142FBR Capital upgraded SL Green Realty Corporation (NYSE: SLG) from “market perform” to “outperform.” SLG's shares closed at $82.44 yesterday. SL Green Realty's trailing-twelve-month operating margin is 38.80%. Analysts at JP Morgan upgraded Swift Transportation Co LLC (NYSE: SWFT) from “neutral” to...
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A Peek Into The Market Before The Trading Starts
Wednesday, June 15, 2011 - 6:27am | 416Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures on the Dow Jones Industrial Average dipped 53 points to 11,965.00 and futures on the S&P 500 stock index fell 6.40 points to 1,278.10. Nasdaq 100 futures dropped 11.50 points to 2,235.50...
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JP Morgan Lowers PT On Corporate Office Properties To $32
Wednesday, June 15, 2011 - 5:45am | 28JP Morgan has lowered the price target on Corporate Office Properties (NYSE: OFC) from $35 to $32 and maintains its Underweight rating.
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Top 4 Small-Cap Stocks In The REIT-Office Industry With The Highest Operating Margin
Tuesday, June 14, 2011 - 11:34pm | 126Below are the top small-cap REIT-office stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Caplease Funding Inc (NYSE: LSE) is 47.82%. LSE's revenue for the same period is $166.95 million. The trailing-twelve-month operating margin at...
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Five Stanley Cup Stocks For a Bruins Victory
Friday, June 10, 2011 - 11:59am | 346Rooting for the Canucks in these Stanley Cup finals is like rooting for Cobra Kai Dojo in the Karate Kid. They're thugs, they (literally) bit another player, and they let some third-rate defensemen knock a Bruin out for the playoffs with a concussion. They're dirty and they deserve to get smoked...
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S&P 500 Financial Sector Update 6/9/11
Thursday, June 9, 2011 - 12:07pm | 396The Financial Sector is one of the strongest areas of the S&P 500 in today's session, currently trading up 1.3% from yesterday's close. Today's best performing stocks in that sector are: 1) Moody's (NYSE: MCO): Shares of Moody's are currently trading up 3.5% from yesterday's close to $40.80....
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Benzinga's Top ETF Decliners, June 7th (DRV, BAL, TVIX, EDZ)
Tuesday, June 7, 2011 - 5:10pm | 181Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) fell 3.40% on Tuesday as Equity Residential (NYSE: EQR) gained 1.61%, and Boston Properties, Inc. (NYSE: BXP) added 1.24%. iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: BAL) dropped 3.37% as cotton futures struggled. BAL closed at...
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Benzinga's Top ETF Gainers, June 7th (EPU, DRN, VNM, PALL)
Tuesday, June 7, 2011 - 4:53pm | 169iShares MSCI All Peru Capped Index Fund (NYSE: EPU) broke its two-day losing streak on Tuesday. EPU gained 4.10%, and it closed at $39.07. Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) jumped 3.43%, and closed at $72.28. In the real estate space, Essex Property Trust, Inc. (NYSE: ESS)...
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Mack-Cali Announces Lease with Major Commercial Insurer at Downtown Manhattan Property
Tuesday, June 7, 2011 - 9:46am | 79Mack-Cali Realty Corporation (NYSE: CLI) today announced that Continental Casualty Company, the country's seventh largest commercial insurer, has signed a new 19-year, 81,296-square-foot lease at 125 Broad Street in Downtown Manhattan. Continental Casualty Company is the primary unit of insurance...
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SL Green Realty Corp. Announces $500 Million Mortgage Refinancing of 919 Third Avenue
Tuesday, June 7, 2011 - 8:12am | 144SL Green Realty Corp. (NYSE: SLG) today announced that it has successfully refinanced 919 Third Avenue, which it owns in a joint venture partnership with New York State Teachers Retirement System. The new 12-year, $500 million mortgage, was originated jointly by Metropolitan Life Insurance Company...