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Deutsche Bank Updates 6/29/11
Wednesday, June 29, 2011 - 6:59am | 829Deutsche Bank made a number of updates in a research report published today. Legg Mason (NYSE: LM) had its rating upgraded from Hold to Buy. At the same time, its price target was raised from $36 to $38. On Tuesday, Legg Mason added 0.5% to its value to end the day at $31.94....
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Commercial Real Estate Week in Review
Saturday, June 25, 2011 - 12:01am | 449Commercial Real Estate Week in Review for the week of June 18th to June 24th - Mortgage REITs Benefit From Mortgage Market Overhaul - Walter Investment Management Corporation (AMEX: WAC) Places $102 Million in Residential Mortgage-Backed Notes - Chesapeake Lodging Trust (NYSE:CHSP) Shells Out $55.5...
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Commercial Real Estate Week in Review
Saturday, June 25, 2011 - 12:01am | 449Commercial Real Estate Week in Review for the week of June 18th to June 24th - Mortgage REITs Benefit From Mortgage Market Overhaul - Walter Investment Management Corporation (AMEX: WAC) Places $102 Million in Residential Mortgage-Backed Notes - Chesapeake Lodging Trust (NYSE:CHSP) Shells Out $55.5...
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MAA Announces Acquisition
Friday, June 24, 2011 - 8:05am | 119MAA (NYSE: MAA) announced today that it has completed the acquisition of Tattersall at Tapestry Park, a 279-unit upscale apartment community located in the highly desirable Southeast sub-market of Jacksonville, Florida. Tattersall at Tapestry Park is a condo-quality community developed in 2009 as...
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Education Realty Trust Increases Quarterly Dividend 40% to $0.07/Share
Thursday, June 23, 2011 - 6:01am | 90Education Realty Trust Inc. (NYSE: EDR) today announced its board of directors has approved a quarterly cash dividend of $ 0.07 per share of common stock for the quarter ending June 30, 2011. The dividend will be payable August 16, 2011, to shareholders of record as of July 29, 2011. With this...
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Benzinga's Top Downgrades
Wednesday, June 22, 2011 - 7:17am | 137Analysts at HSBC downgraded Barclays PLC (NYSE: BCS) from “overweight” to “neutral.” Barclays' shares closed at $16.92 yesterday. Barclays's trailing-twelve-month ROA is 0.32%. Analysts at FBR Capital downgraded UDR Inc (NYSE: UDR) from “market perform” to “underperform.” UDR's shares closed at $...
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UDR Increase Quarterly Dividend from $0.185 to $0.20
Tuesday, June 21, 2011 - 3:18pm | 73UDR, Inc. (NYSE: UDR) today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the second quarter of 2011 in the amount of $0.20 per share, payable in cash, on August 1, 2011 to UDR common stock shareholders of record as of July 11, 2011. The...
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UPDATE: J.P. Morgan Raises PT on Camden Property Trust to $61
Friday, June 17, 2011 - 8:02am | 134J.P. Morgan is out with its report today on Camden Property Trust (NYSE: CPT), raising its PT from $56 to $61. In a note to clients, J.P. Morgan writes, "We were particularly impressed with CPT's core trends coming out of the NAREIT conference. We are in turn raising our estimates (excluding a...
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JP Morgan Raises PT On Camden Property Trust To $61
Friday, June 17, 2011 - 6:04am | 28JP Morgan has raised the price target on Camden Property Trust (NYSE: CPT) from $56 to $61 and maintains its Neutral rating.
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Lots of Global Economic News this Morning
Tuesday, June 14, 2011 - 8:23am | 1351A flood of news this morning, highlighted by inflation figures in China and the U.S., along with retail sales domestically. China A few months ago, investors were wringing their hands over Chinese inflation*. Overnight, China reported an even higher inflation figure yet investors applauded it. ...
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More Dividends and Diversification
Monday, June 13, 2011 - 7:26am | 1253As a followup to Saturday's post I wanted to outline some ideas for building a dividend tranche for a portfolio where someone might have different buckets within a portfolio. So high yielders might be one bucket, themes another, core another and so on. I could see where it might be easier for some...
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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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Calls Purchased on AvalonBay Communities
Thursday, June 9, 2011 - 9:13am | 128Shares of AvalonBay Communities (NYSE: AVB) are lower on the session by 0.01%, currently trading at $132.61. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today....
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ELS Announces $200 Million Unsecured Term Loan Commitment
Wednesday, June 8, 2011 - 4:03pm | 257Equity LifeStyle Properties (NYSE: ELS) today announced that it has entered into a commitment for a $200 million senior unsecured term loan facility. The Term Loan matures in six years and has a one-year extension option. The interest rate on the Term Loan is at LIBOR plus 1.85% to 2.80% per annum...
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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...