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Benzinga's Top ETF Decliners, February 28th (DRV, EGPT, VXX, ZSL)
Monday, February 28, 2011 - 6:21pm | 210Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) fell 7.22% today, as the real estate stocks traded higher. This was the second trading session in a row that Direxion Daily Real Estate Bear 3X (ETF) (DRV) closed lower. In the real estate space, Vornado Realty Trust (NYSE: VNO) gained 3.72%, and...
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Benzinga's Top ETF Gainers, February 28th (DRN, BAL, AGQ, SOXS)
Monday, February 28, 2011 - 6:05pm | 221Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) gained 7.12% on Monday, and closed at $70.69. In the real estate space, Vornado Realty Trust (NYSE: VNO) jumped 3.72%, and Equity Residential (NYSE: EQR) added 3.28%. iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: BAL) jumped 6.63%...
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Jefferies Raises PT On Essex Property Trust To $124
Monday, February 28, 2011 - 7:03am | 28Jefferies & Company has raised the price target on Essex Property Trust (NYSE: ESS) from $121 to $124 and maintains its Hold rating.
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Benzinga's Top ETF Decliners, February 25th (SOXS, TZA, VXX, DRV)
Friday, February 25, 2011 - 6:11pm | 178Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) lost 7.82%, and closed at $51.29 on Friday. In the semiconductor sector, Micron Technology, Inc. (NASDAQ: MU) gained 4.86%, and closed at $11.44. Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) dropped 6.82% today, as the Russell 2000...
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Credit Suisse Upgrades ESS To Neutral
Tuesday, February 22, 2011 - 7:01am | 53Analysts at Credit Suisse upgrade Essex Property Trust Inc (NYSE: ESS) from “underperform” to “neutral.” The target price for ESS has been raised from $96 to $110. ESS shares gained 1.23% to close at $117.14 on Friday. More Analyst Ratings here
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UK's £80 Billion Pension Blunder?
Friday, February 18, 2011 - 9:41pm | 2938Ruth Sutherland and James Salmon of the London Mail report, £80bn wiped off value of pensions after inflation rate was underestimated for 12 years: A staggering £80billion has been wiped off the value of pensions because the rate of inflation has been underestimated for 12 years, it emerged last...
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BRE Properties Announces Acquisition of Apartment Community in Valencia, California for $56.5M
Friday, February 18, 2011 - 12:25pm | 48BRE Properties, Inc. (NYSE: BRE) today announced the acquisition of The Vistas of West Hills, a 220-unit property in Valencia, Calif., for a total purchase price of approximately $56.5 million. The initial year-one stabilized capitalization rate on the investment is approximately 5.1%.
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Home Properties Increases Dividend by 6.9% to $0.62
Thursday, February 17, 2011 - 4:36pm | 88Home Properties (NYSE: HME) today announced a $0.04 per share increase to its regular quarterly cash dividend on common shares. The increase of 6.9% raises the quarterly dividend from $0.58 per share to $0.62 for the quarter ended December 31, 2010. The dividend is payable on March 4, 2011 to...
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Home Properties Reports Q4 FFO of $0.85 vs. $0.79
Thursday, February 17, 2011 - 4:33pm | 127Home Properties (NYSE: HME) today released financial results for the fourth quarter and year ended December 31, 2010. Earnings per share ("EPS") for the quarter ended December 31, 2010 was $0.18, compared to $0.36 for the quarter ended December 31, 2009. The $0.18 decrease in EPS was primarily a...
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American Campus Communities Inc. Reports Q4 EPS of $0.45 vs. $0.17
Tuesday, February 15, 2011 - 4:03pm | 76American Campus Communities, Inc. (NYSE: ACC) today announced the following financial results for the quarter and year ended December 31, 2010. Increased quarterly FFOM 33.2 percent to $30.9 million or $0.45 per fully diluted share compared to $23.2 million or $0.43 per fully diluted share in the...
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Jefferies Raises Its PT On AvalonBay Communities To $111
Tuesday, February 15, 2011 - 8:49am | 173Management at AvalonBay Communities (NYSE: AVB) has an outlook for 2011 that includes $800-$900M of new development starts and expected acquisitions of land for future developments, which would be in addition to the $879.5M of projects AVB had under development as of 4Q10. AVB's 2011 outlook also...
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Jefferies Updates Its Estimates & PT Following Equity Residential's Earnings
Tuesday, February 15, 2011 - 8:29am | 171After a strong year of being a net acquirer of properties in 2010, Jefferies expects Equity Residential (NYSE: EQR) to gradually shift towards a greater focus on developments in 2011/2012. EQR expects development starts for 2011 to range between $400-$500M, and anticipates spending $160M on...
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Jefferies Raises PT On Equity Residential To $52
Tuesday, February 15, 2011 - 7:54am | 27Jefferies & Company has raised the price target on Equity Residential (NYSE: EQR) from $50 to $52 and maintains its Hold rating.
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Jefferies Raises PT On AvalonBay Communities To $111
Tuesday, February 15, 2011 - 7:52am | 27Jefferies & Company has raised the price target on AvalonBay Communities (NYSE: AVB) from $109 to $111 and maintains its Hold rating.
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BofA/Merrill Downs CPT To Neutral
Tuesday, February 15, 2011 - 6:59am | 51Analysts at BofA/Merrill downgrade Camden Property Trust (NYSE: CPT) from “buy” to “neutral.” The target price for CPT has been raised from $57 to $58. CPT shares gained 1.04% to close at $56.13 yesterday. More Analyst Ratings here