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Market Roundup
Wednesday, July 13, 2011 - 11:49am | 219Shares of UDR Inc (NYSE: UDR) gained about 1.7% after the company raised its projections for full-year funds from operations. UDR agreed to pay $687 million for two home communities in New York and one in Washington D.C. UDR also announced its plans to sell 15 million shares in a public offering...
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UDR Prices 18M Share Offering at $25.00
Wednesday, July 13, 2011 - 7:44am | 125UDR, Inc. (NYSE: UDR) today announced the pricing of a public offering of 18,000,000 shares of its common stock at a price of $25.00 per share, for net proceeds of approximately $431.5 million after underwriting discounts and commissions and estimated offering expenses (or approximately $496.3...
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US Stock Futures Signal Higher Start On Wall Street
Wednesday, July 13, 2011 - 5:06am | 354US stock futures are higher this morning, after upbeat Chinese growth data. Futures on the Dow Jones Industrial Average surged 63 points to 12,476.00 and futures on the S&P 500 stock index rose 7.90 points to 1,318.60. Nasdaq 100 futures gained 17.25 points to 2,361.75. US stocks closed lower...
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Top 4 NYSE Stocks In The Diversified Investments Industry With The Highest Cash
Wednesday, July 13, 2011 - 3:41am | 123Below are the top diversified investments stocks on the NYSE in terms of cash. Goldman Sachs Group Inc (The) (NYSE: GS) had $817.31 billion in total cash and $493.55 billion in total debt for the latest quarter. IntercontinentalExchange Inc (NYSE: ICE) had $694.26 million in total cash and $524....
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Stocks To Watch For July 13
Wednesday, July 13, 2011 - 1:35am | 266Some of the stocks that may grab investor focus today are: Electronic Arts Inc (NASDAQ: ERTS) announced its plans to buy PopCap Games for at least $750 million. EA will pay $650 million in cash and $100 million in common shares. EA also issued downbeat Q2 projections. ERTS shares dropped 3.27% to...
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Stocks to Watch for Wednesday 07/13/11: Fresh 52 Week Highs and Lows
Tuesday, July 12, 2011 - 7:24pm | 1637Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Adventrx Pharmaceuticals (NYSE: ANX...
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UDR Buys 2 OPs in New York, 1 OP in Washington DC for $687M
Tuesday, July 12, 2011 - 3:03pm | 33UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust (REIT), today announced the acquisition and pending acquisitions of the following communities: Rivergate, Chelsea
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UDR Announces Proposed Offering of 15M Shares of Common Stock
Tuesday, July 12, 2011 - 3:02pm | 82UDR, Inc. (NYSE: UDR) today announced that it plans to sell 15,000,000 shares of its common stock in an underwritten public offering. UDR also plans to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares to cover overallotments, if any. All of the shares of...
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Stocks to Watch for Monday 07/11/11: Fresh 52 Week Highs and Lows
Sunday, July 10, 2011 - 5:15pm | 2231Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Friday's trading session (listed from highest total volume to lowest): 1) Melco Crown Entertainment (NASDAQ:...
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Commercial Real Estate Week in Review
Saturday, July 9, 2011 - 12:01am | 386Commercial Real Estate Week in Review for the week of July 2nd to July 8th - The Dodd-Frank Act Could Put a Snag in Plans for U.S. Capital Rules - Ascendas Group Considers New REIT - British REITs Are Attracting Investors - Camden Property Trust Acquires Texas Apartment Portfolio $261 Million -...
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Apollo Global Acquires Gulf Stream Asset Management
Friday, July 8, 2011 - 7:11am | 43Apollo Global Management, LLC (NYSE: APO) and its subsidiaries today announced that it has agreed to acquire Gulf Stream Asset Management, which currently manages 10 Collateralized Loan Obligations with more than $3 billion in assets under management.
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Benzinga's Top ETF Decliners, July 6th (EWI, ZSL, UNG, DRV)
Wednesday, July 6, 2011 - 6:40pm | 202iShares MSCI Italy Index (ETF) (NYSE: EWI) dropped 3.25% on Wednesday as Enersis S.A. (ADR) (NYSE: ENI) lost 1.29% and Tenaris S.A. (ADR) (NYSE: TS) fell 1.28%. ProShares UltraShort Silver (ETF) (NYSE: ZSL) traded lower today, along with silver. ZSL fell 2.78%, and closed at $17.51. United...
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UMH Properties, Inc. Acquires 3 Manufactured Home Communities in Tennessee
Thursday, June 30, 2011 - 9:33am | 63UMH Properties (NYSE: UMH) announced today that it has closed on the acquisition of 3 manufactured home communities located in Tennessee for a total purchase price of $13,300,000. With this closing, UMH owns 38 manufactured home communities containing approximately 8,744 total sites. These 3 all-...
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Goldman Sachs Maintains Buy on AvalonBay Communities
Thursday, June 30, 2011 - 8:24am | 73Goldman Sachs is out with its report today on AvalonBay Communities (NYSE: AVB), maintaining Buy. In a note to clients, Goldman Sachs writes, "We retain our Buy rating given positive relative growth versus the REIT sector and AVB's long track record of NAV growth via development. Estimates and...
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Bank of America Comments on Investor Day with Education Realty Trust
Thursday, June 30, 2011 - 7:55am | 125Education Realty Trust (NYSE: EDR) hosted an investor day and property tour in Charlottesville, VA, in which “members of the team highlighted the changes incorporated over the last 18 months to better position the company for 3-5% SS NOI growth, which assumes +1.1% college enrollment growth through...