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J.P. Morgan Provides Color on Jones Lang LaSalle, Neutral
Wednesday, June 15, 2011 - 7:47am | 122J.P. Morgan provided color on Jones Lang LaSalle (NYSE: JLL) after the company's acquisition of King Sturge. In a research report published today, J.P. Morgan states, "We are lowering our headline 2011 EPS estimate from $4.83 to $4.52 and our 2012 EPS estimate from $5.92 to $5.83. Note that...
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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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Options Brief: CB Richard Ellis Group
Tuesday, June 14, 2011 - 12:17pm | 73Shares of CB Richard Ellis Group (NYSE: CBG) are higher on the session by 2.44%, trading at $24.17. Overall call volume is now running at 5.66x the daily average, with 38% of all calls traded being purchases on the offer. 1,528 contracts have traded on the session so far. CB Richard Ellis Group...
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Stocks to Watch for 6/14/11: Fresh 52-Week Highs and Lows
Tuesday, June 14, 2011 - 3:15am | 2234The following stocks hit new 52-week highs in Monday's trading session: 1) Greif (NYSE: GEF): Shares of Greif hit a 52-week high of $67.36 in Monday's trading session. The stock closed at $67.04. The year-to-date performance of Greif has been a gain of 9%. 2) Raptor Pharmaceutical (NASDAQ: RPTP...
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S&P Financial Sector Update 6/13/11
Monday, June 13, 2011 - 11:52am | 611The Financial Sector is one of the strongest areas of the market in today's trading session, currently 0.46% higher on the day. The best performing stocks in the S&P 500 Financial Sector currently are: 1) Citigroup (NYSE: C): Shares of Citigroup are currently trading up 1.9% from Friday's...
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Markets in Everything: Econ BS from LSE for $5k
Friday, June 10, 2011 - 7:24pm | 216Via Academic Earth: The London School of Economics(LSE) offers a Bachelor of Science in Economics that can be earned entirely through distance learning. The program is administered through the University of London External System. Requirements and Costs: The degree can be completed in three...
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Benzinga's Top ETF Gainers, June 10th (ZSL, DRV, TVIX, CZI)
Friday, June 10, 2011 - 6:18pm | 201ProShares UltraShort Silver (ETF) (NYSE: ZSL) spiked 8.07% on Friday as silver dropped more than 3%. ZSL closed at $17.82, and it had a volume of 11.08M traded shares. Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) gained 7.58%, and closed at $14.03. In the real estate space, Vornado Realty...
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S&P Financial Sector Update 6/10/11
Friday, June 10, 2011 - 12:06pm | 508The Financial Sector has been the weakest performing area of the market in today's trading session, currently 1.5% lower on the day. The worst performing stocks in the S&P Financial Sector currently are: 1) Genworth Financial (NYSE: GNW): Shares of Genworth are currently trading down 3.9%...
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Grubb & Ellis Reaches Definitive Agreement for Sale of Assets, Terms Undisclosed
Friday, June 10, 2011 - 8:02am | 188Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that the company has entered into a definitive agreement for the sale of substantially all of the assets of its real estate investment fund business, Alesco Global Advisors, to Lazard Asset...
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Gladstone Commercial Corporation Announces Pricing of 1.2M Common Stock Offering at $17.55/Share
Friday, June 10, 2011 - 7:46am | 164Gladstone Commercial Corporation (NASDAQ: GOOD) today announced that it has priced its public offering of 1,200,000 shares of its common stock at a price to the public of $17.55 per share. The offering was increased in size from the originally contemplated 1,000,000 shares of common stock. The...
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Gladstone Commercial Corporation Announces Common Stock Offering of 1M Shares
Thursday, June 9, 2011 - 3:01pm | 126Gladstone Commercial Corporation (NASDAQ: GOOD) today announced that it plans to sell 1,000,000 shares of its common stock in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase up to 150,000 additional shares of common stock on the same...
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The Reason Burce Berkowitz Bought St. Joe's
Thursday, June 9, 2011 - 1:17pm | 85Bruce Berkowitz is at the Morningstar Investment Conference and he is talking about the reason he bought St. Joe's (NYSE: JOE). According to Charles Rotblut, who is at the conference, Berkowitz bought St. Joes "because he grew up in a one-bedroom apt and he wanted a backyard." Shares of St. Joe'...
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Forestar Spiking over 9% Higher after Withdrawal of Notes
Thursday, June 9, 2011 - 9:15am | 82Forestar Group Inc. (NYSE: FOR) today announced that, as a result of recent deterioration in the capital markets, it and its wholly-owned subsidiary, Forestar Real Estate Group Inc., have decided not to proceed with their previously announced proposed private offerings of $100 million aggregate...
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Vornado Renews and Increases Revolving Credit Facility to $1.25B from $1B
Thursday, June 9, 2011 - 8:25am | 100VORNADO REALTY TRUST (NYSE: VNO) announced today that Vornado Realty L.P., the operating partnership through which Vornado Realty Trust conducts its business, has renewed one of its two unsecured revolving credit facilities and increased it to $1.25 billion from $1 billion. The renewed facility...
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Forestar Withdraws Proposed Private Offerings of Senior Secured Notes and Convertible Notes
Thursday, June 9, 2011 - 8:01am | 147Forestar Group Inc. (NYSE: FOR) today announced that, as a result of recent deterioration in the capital markets, it and its wholly-owned subsidiary, Forestar Real Estate Group Inc., have decided not to proceed with their previously announced proposed private offerings of $100 million aggregate...