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Goldman Sachs Maintains Neutral Rating On UDR
Tuesday, May 3, 2011 - 8:08am | 187According to Goldman Sachs, UDR (NYSE: UDR) saw solid 8% growth. Goldman Sachs said that apartment REIT UDR posted 1Q2011 FFO per share of $0.30, in line with the forecast, and vs. $0.28 for the same period last year. “The bottom line is that UDR is experiencing accelerating core operating trends...
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Equity Residential and Zipcar Announce Partnership to Bring Zipcars to Apartment Properties in Top U.S. Cities (EQR, ZIP)
Tuesday, May 3, 2011 - 7:55am | 96Equity Residential (NYSE: EQR), the nation's leading owner and operator of apartment properties, and Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced a strategic partnership that will expand the presence of Zipcar's car sharing services at Equity Residential...
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Post Properties' FFO well ahead of J.P. Morgan estimates in 1Q (PPS)
Tuesday, May 3, 2011 - 7:45am | 96According to J.P. Morgan, Post Properties (NYSE: PPS) FFO was well ahead of J.P. Morgan's estimate for 1Q. In a published report, J.P. Morgan said, " The beat relative to our estimate was largely driven by NOI, which we see as positive news. Some of this beat appears to be expense-driven, and PPS...
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KBW Maintains UDR Estimates
Tuesday, May 3, 2011 - 6:39am | 69UDR, Inc.'s (NYSE: UDR) 1Q FFO/sh “met expectations, as pricing / demand trends continued recent improvement (NOI +3.0%),” KBW reports. “FY11 rev/NOI and FFO/sh outlook unchanged for now ($1.23 midpt; KBW $1.26), but trending to upper end of range; we anticipate midyear increase,” KBW writes. “ATM...
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Restaurant Performance Back to 2007 Levels
Monday, May 2, 2011 - 9:23pm | 343The National Restaurant Association reported strong restaurant activity in March, with the Restaurant Performance Index (RPI) reaching 101.0 for the second time in four months (see chart above). That's the first time since that the RPI has been a level of 101 twice in a four-month period since the...
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5-2-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Monday, May 2, 2011 - 5:54pm | 4068Chip Cutter and Matthew Craft, AP Business Writers Stocks end lower despite bin Laden death, earnings Stocks lose steam even after bin Laden's death, strong earnings, big corporate drug deal NEW YORK (AP) — The Bin Laden rally lasted all of three hours. Stocks began climbing Monday morning after...
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Post Properties Reports EPS of $0.37 vs. $0.35 Estimate; Revenues $73.5M vs. $71.8M Estimate
Monday, May 2, 2011 - 4:17pm | 22Post Properties (NYSE: PPS) Reports EPS of $0.37 vs. $0.35 Estimate; Revenues $73.5M vs. $71.8M Estimate
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Benzinga's Top Upgrades (NFLX, CW, AIV, SANM)
Monday, May 2, 2011 - 8:58am | 132Citigroup upgraded Netflix (NASDAQ: NFLX) from “hold” to “buy.” NFLX's shares closed at $232.67 on Friday. Netflix's trailing-twelve-month ROE is 65.75%. Deutsche Bank upgraded Curtiss-Wright Corp (NYSE: CW) from “hold” to “buy.” CW's shares closed at $33.25 on Friday. Curtiss-Wright's trailing-...
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MAA Announces Acquisitions Of High-End Apartment Communities (MAA)
Monday, May 2, 2011 - 8:06am | 138MAA (NYSE: MAA) announced today that it has completed the acquisition of two new, high-end Florida apartment communities, The Retreat at Magnolia Parke Apartments in Gainesville and Atlantic Crossing in Jacksonville. The Retreat at Magnolia Parke Apartments is a 204 unit upscale development...
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UDR Reports EPS of $0.30 vs. $0.30 Estimate; Revenues $164.5M vs. $169.33M Estimate
Monday, May 2, 2011 - 7:02am | 21UDR (NYSE: UDR) Reports EPS of $0.30 vs. $0.30 Estimate; Revenues $164.5M vs. $169.33M Estimate
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J.P. Morgan Neutral On Camden Property Trust After Earnings (CPT)
Friday, April 29, 2011 - 6:34am | 122J.P. Morgan Chase & Co. has a Neutral rating and $51 price target on shares of Camden Property Trust (NYSE: CPT) after it reported earnings. In a note to clients, J.P. Morgan writes, "CPT reported 1Q FFO that was solidly ahead of our estimate and Bloomberg consensus. The beat could almost...
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Apartment Investment & Managment Reports FFO of $0.29 vs. $0.36 Estimate; Revenues $286.6M vs. $283.1M Estimate (AIV)
Friday, April 29, 2011 - 6:14am | 23Apartment Investment & Managment (NYSE: AIV) Reports FFO of $0.29 vs. $0.36 Estimate; Revenues $286.6M vs. $283.1M Estimate
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Camden Property Reports Q1 FFO of $0.72 vs. $0.68 Estimate (CPT)
Thursday, April 28, 2011 - 3:20pm | 19Camden Property (NYSE: CPT) reports funds from operations of $0.72 vs. $0.68 estimate.
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Avalonbay to have $1.5B of Development Underway by the End of 2011 -Bloomberg (AVB)
Thursday, April 28, 2011 - 12:41pm | 23Avalonbay (NYSE: AVB) to have $1.5B of development underway by the end of 2011 reports Bloomberg.
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J.P. Morgan Reports "Good 1Q" For AvalonBay Communities
Thursday, April 28, 2011 - 7:03am | 149In a report published by J.P. Morgan, AvalonBay Communities (NYSE: AVB) saw a good 1Q. J.P. Morgan said that AVB reported 1Q that was better than expected and in line with Bloomberg consensus after taking out a one-time interest income pick-up. “The overall business trends were strong and...