Real Estate Management & Development

Keefe, Bruyette, & Woods is out with a research report this morning, where it reiterates its Market Perform rating on St. Joe Company (NYSE: JOE); it has a $30.00 price target on the stock. The KBW analyst said, “JOE shares were featured as "over-valued" at a conference yesterday. A main focus...

Cusick's Corner The QE2 has now set sail, or at least the markets think so -- what now? Well, cherry picking is tough for fear of a potentially violent change of heart, plus piecing into positions leaves you wondering what if I went all in grabbing the full upside. For stock traders who are going...

At the Value Investing Congress, Greenlight Capital's David Einhorn gave his reason for his bearish stance on St. Joe (NYSE: JOE). Benzinga was the first to report this news about 35 minutes ago while the stock was up 2%; St. Joe is currently down close to 10%. The only way David Einhorn said he...

David Einhorn Greenlight Capital is short The St. Joe Company (NYSE: JOE), as he believes the company is a scheme. JOE's management used to talk about how much land was a mile from beach, now it talks about how the land is 40 miles from airport. Bulls of JOE are saying Luecadia (NYSE: LUK) bought...

Greenlight Capital's David Einhorn speech is causing St. Joe (NYSE: JOE) to fall close to 5%. When Benzinga first reported that Einhorn was going to speak bearishly on St. Joe Company, JOE was trading up 1.5%. David Einhorn was very bearish on Lehman before it was actually popular to be short it.

Anonymous sources are reporting that JC Penney (NYSE: JCP) has hired Goldman Sachs (NYSE: GS) as an advisor. This comes just a week after Bill Ackman, along with Vornado Realty Trust (NYSE: VNO), made a sizeable investment in the retailer. Readers should note that Goldman was also hired by Target...

Goldman Sachs is out with a research report this morning, where it reiterates its Neutral rating on Vornado Realty Trust (NYSE: VNO); it has an $86.00 price target on the stock. The analysts cited VNO's recent announcement of a 9.9% interest in shares of national retailer JCPenney (NYSE: JCP), for...

Vornado Realty Trust Common Sto (NYSE: VNO) is taking on a new strategy by targeting operations, real estate and capital structure, which appear under leveraged. In a research report Citi writes, "Their plans likely first involve improving JCP's core operations and offering and bringing in new...

Crocs Inc (NASDAQ: CROX) shares jumped 7.61% to create a new 52-week high of $14.57. Analysts at Sterne Agee initiated coverage of CROX with a “buy” rating. Elizabeth Arden Inc (NASDAQ: RDEN) shares gained 2.37% to touch a new 52-week high of $20.32. RDEN's earnings are likely to surge by 407.93%...

PS Business Parks, Inc. (NYSE: PSB) announced today that it is calling for redemption on November 8, 2010 all outstanding depositary shares representing interests in its 7.60% Cumulative Preferred Stock, Series L (NYSE: PSBPrL) at $25 per share plus accrued dividends from October 1, 2010 through...

CB Richard Ellis Group Inc. (CBG), the world's largest commercial real estate services firm (on the basis of 2009 revenues), has recently announced an offer to sell 6.63% senior notes due 2020 worth $350 million. BofA Merrill Lynch, the investment banking and wealth management division of Bank of...

The US financial sector was slightly down, after the weaker-than-expected private-sector employment report. Shares of M&T Bank Corp (NYSE: MTB) fell after a major shareholder announced its plans to sell its stake. Shares of MTB dropped about 5.41% to lead the list of financial decliners in the...

US Airways (NYSE: LCC) reported a 7.5% increase in its mainline September traffic. The company's mainline September traffic came in at 4.91 billion revenue passenger miles, up from 4.57 billion revenue passenger miles, in the year-ago period. The consolidated passenger revenue per available seat...

CB Richard Ellis Group, Inc. (NYSE: CBG) today announced that it intends to offer $350 million in aggregate principal amount of senior notes due 2020 in a private placement, subject to market and other conditions. The Notes will be issued by the Company's wholly-owned subsidiary, CB Richard Ellis...