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BRE Properties to Attend the Citi 2011 Global Property CEO Conference
Thursday, March 10, 2011 - 12:23pm | 50BRE Properties, Inc. (NYSE: BRE) today announced that Constance B. Moore, president and chief executive officer, will host a roundtable discussion at the Citi Global Property CEO Conference in Hollywood, Florida on Monday, March 14, 2011, at 4:15 p.m. Eastern Time.
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Options Brief: AvalonBay Communities (AVB)
Thursday, March 10, 2011 - 10:40am | 91Shares of AvalonBay Communities (NYSE: AVB) are lower on the session by 0.87%, trading at $115.41. Overall call volume is now running at 2.59x the daily average, with 17% of all calls traded being purchases on the offer. 1,211 contracts have traded on the session so far. AvalonBay Communities,...
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Home Properties Inc. Chairman Sells 10,000 Shares of HME
Wednesday, March 9, 2011 - 4:08pm | 66In a Form 4 filed earlier today, Home Properties Inc. (NYSE: HME) Chairman of the Board, Norman Leenhouts, reported that he sold 10,000 shares of HME on March 8th for an average price of $56.10. The transaction totaled $561,032. Mr. Leenhouts owns 941 direct shares and 600 indirect shares of HME...
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FBR Capital Upgrades MAA To Market Perform
Wednesday, March 9, 2011 - 6:04am | 57Analysts at FBR Capital upgrade Mid-America Apartment (NYSE: MAA) from “underperform” to “market perform.” The target price for MAA has been raised from $64 to $67. MAA shares rose 1.21% to close at $61.66 yesterday. More Analyst Ratings here
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J.P. Morgan Maintains Underweight on Post Properties (PPS)
Tuesday, March 8, 2011 - 9:05am | 132J.P. Morgan is out with its report this morning on Post Properties (NYSE: PPS), maintaining Underweight. In a note to clients, J.P. Morgan writes, "While we believe PPS's management team is making strides in repositioning the company and has kept the balance sheet in good shape, we see the stock...
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J.P. Morgan Maintains Underweight on Post Properties (PPS)
Tuesday, March 8, 2011 - 9:05am | 133J.P. Morgan is out with its report this morning on Post Properties (NYSE: PPS), maintaining Underweight. In a note to clients, J.P. Morgan writes, "While we believe PPS's management team is making strides in repositioning the company and has kept the balance sheet in good shape,we see the stock as...
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UPDATE: J.P. Morgan Raises PT on Camden Property Trust (CPT)
Tuesday, March 8, 2011 - 8:59am | 94J.P. Morgan is out with its report on Camden Property Trust (NYSE: CPT), raising its PT from $46 to $51. In a note to clients, J.P. Morgan writes, "We increase our December 2011 price target to $51 from $46/share. Our target is primarily based on a discounted cash flow approach to valuation. For '...
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FDA Accepts New Drug Application for Investigational Compound Dapagliflozin for the Treatment of Type 2 Diabetes
Tuesday, March 8, 2011 - 8:03am | 114Bristol-Myers Squibb Company (NYSE: BMY) and AstraZeneca (NYSE: AZN) today announced that the U.S. Food and Drug Administration (FDA) has accepted for review a New Drug Application (NDA) for dapagliflozin, an investigational compound for the treatment of adults with type 2 diabetes mellitus. A...
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JP Morgan Raises PT On Camden Property Trust To $51
Tuesday, March 8, 2011 - 7:53am | 30JP Morgan has raised the price target on Camden Property Trust (NYSE: CPT) from $46 to $51 and maintains its Neutral rating.
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J.P. Morgan Lowering Estimates For Education Reality Trust
Monday, March 7, 2011 - 8:59am | 154In a report published by J.P. Morgan, it's lowering estimates for Education Reality Trust (NYSE: EDR) following 4Q results. J.P. Morgan reported that, after updating its model following 4Q earnings, it is lowering its 2011 and 2012 FFO estimates for EDR. “Our new estimates are $0.40 and $0.43 –...
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UDR Announces Manhattan Apartment Acquisition, Morgan Keegan Maintains Outperform
Wednesday, March 2, 2011 - 9:09am | 140Morgan Keegan has published a research report on UDR, Inc. (NYSE: UDR) after the company announced its agreement to expand into the Manhattan apartment market. In the report, Morgan Keegan writes "Today, UDR announced a definitive agreement to acquire 10 Hanover Square, a 23-story building in NYC...
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UPDATE: J.P. Morgan Raises PT on UDR to $24 (UDR)
Wednesday, March 2, 2011 - 8:00am | 111J.P. Morgan is out with its report today on UDR (NYSE: UDR), raising its PT from $23 to $24. In a note to clients, J.P. Morgan writes, "On balance, we think UDR trades at a favorable discount to its peers, and we remain upbeat about long-term apartment business fundamentals in general. Specific to...
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UDR to Acquire Apartment Community in Manahttan for $260.8M
Tuesday, March 1, 2011 - 4:29pm | 80UDR, Inc. (NYSE: UDR) today announced that it has entered into a definitive agreement with the Witkoff Group to acquire 10 Hanover Square, a 493-home apartment community in New York City's thriving Financial District, for $260.8 million. The purchase price will be funded through the assumption of...
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Cowen Ups AVB To Outperform
Tuesday, March 1, 2011 - 6:52am | 40Analysts at Cowen upgrade AvalonBay Communities Inc (NYSE: AVB) from “neutral” to “outperform.” AVB shares rose 2.47% to close at $121.03 yesterday. More Analyst Ratings here
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Cowen Upgrades PPS To Neutral
Tuesday, March 1, 2011 - 6:51am | 40Analysts at Cowen upgrade Post Properties Inc (NYSE: PPS) from “underperform” to “neutral.” PPS shares gained 1.48% to close at $39.00 yesterday. More Analyst Ratings here