Residential REIT's

Needham & Company analysts cut their price target on shares of Cray Inc. (CRAY), designs, develops, manufactures, markets and services high-performance computing (HPC) systems, from $10.00 to $8.50. They now have a “buy” rating on the stock. Stifel Nicolaus analysts raised their price target...

Credit Suisse sees strong secular growth dynamics for private equity and credit investing, its outlook for improved capital markets conditions and a solid track record of investment performance with significant realization opportunities ahead underpin its constructive thesis for Apollo Global...

Morgan Keegan is out with its report today on Essex Property Trust (NYSE: ESS), raising its PT from $145 to $154. In a note to clients, Morgan Keegan writes, "Our 12-month target price is raised by $9 per share, from $145 to $154 per share, which would represent a multiple of 24.7x our 2012 FFO/...

KBW is out with its report today on BRE Properties (NYSE: BRE), maintaining Outperform. In a note to clients, KBW writes, "BRE issued 9.2M shares (assuming full greenshoe) at $48.00/sh, grossing $442M. Initial use of proceeds includes preferred redemption, asset purchase & line paydown and is...

KBW is raising its PT on shares of Mid-America Apartment Communities Inc. (NYSE: MAA) to $71. Mid-America Apartment Communities closed Friday at $67.54.

BRE Properties, Inc. (NYSE: BRE) today announced the pricing of its public offering of 8,000,000 shares of its common stock at a price of $48.00 per share. The company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock to cover over-...

KBW has a Market Perform rating and a $155 price target on shares of Essex Property Trust Inc. (NYSE: ESS) following earnings. In a note to investors, KBW writes, "1Q11 FFO/sh was $1.44, topping expectations and included anticipated $0.13/sh bond sale gain (in our est). Pricing trends accelerated...

Mid America Apartment (NYSE: MAA) Reports FFO of $0.98 vs. $0.99 Estimate; Revenues $107.1M vs. $104.39M Estimate

BRE Properties, Inc. (NYSE: BRE) today announced that it will offer, subject to market and other conditions, 8,000,000 shares of its common stock in an underwritten registered offering. The company also plans to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares...

Stifel Nicolaus is raising its price targets on the shares of the following companies: Essex Property Trust Inc. (NYSE: ESS) moves from $135 to $150; closed Wednesday at $133.41. Kimco Realty Corporation (NYSE: KIM) moves from $20 to $21; closed Wednesday at $19.40. Nu Skin Enterprises Inc. (...

According to Morgan Keegan, BRE Properties (NYSE: BRE) estimates and price targets are raised. Morgan Keegan said that BRE reported 1Q 2011 FFO of $0.53/share, $0.01 above estimate and $0.02 above Street consensus. “Management fine-tuned 2011 FFO guidance from $2.06-2.18/share to $2.08-2.18/share—...

KBW reports that BRE Properties Inc.'s (NYSE: BRE) 1Q11 FFO/sh “topped expectations on non-property items as core results continued improvement, but modestly disappointed.” “Early 2Q trends and ‘guiding to upper end of range' commentary support our expectation of midyear guidance raise, suggesting...

Morgan Keegan has raised the price target on BRE Properties (NYSE: BRE) from $51 to $57 and maintains its Outperform rating.

KBW has a Market Perform rating and a $40 price target on shares of Sun Communities Inc. (NYSE: SUI) following earnings. In a note to investors, KBW writes, "1Q11 FFO exceeded expectations on better expenses and interest, offset by G&A. 1Q same-property NOI +4.2% YOY; rev +3.1%, exp -0.6%....

BRE Properties (NYSE: BRE) Reports EPS of $0.53 vs. $0.51 Estimate; Revenues $90.6M vs. $91.02M Estimate