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Apartment Investment and Management Company Prices Preferred Stock Offering at $24.25 per Share
Tuesday, July 26, 2011 - 12:20pm | 85Apartment Investment and Management Company (NYSE: AIV) announced today that it has priced an underwritten public offering of 800,000 shares of its 7.00% Class Z Cumulative Preferred Stock. The shares were priced at $24.25 per share, equating to a yield of 7.216%, for gross proceeds to Aimco of...
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AvalonBay Communities Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter
Friday, July 22, 2011 - 12:11pm | 565AvalonBay Communities (NYSE: AVB) announces its next round of earnings this Wednesday, July 27, 2011. Get prepared with Benzinga's ultimate preview for AvalonBay Communities' second quarter earnings. Earnings and Revenue: Analysts are predicting an EPS reading of $1.12 per share and revenues of...
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Earnings Preview: Equity Residential EPS, Revenue Expected to Rise from Previous Quarter
Friday, July 22, 2011 - 12:11pm | 591Equity Residential (NYSE: EQR) releases its next round of earnings this Wednesday, July 27, 2011. Here's Benzinga's advanced look at Equity Residential's second quarter earnings report. Earnings and Revenue: Analysts are predicting an EPS reading of 60 cents per share and revenues of $524...
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Stocks to Watch for Thursday 7/21/2011: Fresh 52 Week Highs and Lows
Thursday, July 21, 2011 - 4:36am | 2699Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...
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Home Properties Announces Acquisitions for $65.1M and Equity Raise
Wednesday, July 20, 2011 - 1:52pm | 110Home Properties, Inc. (NYSE: HME) today announced that, on July 14 and 15, 2011, it purchased an apartment community in West Chester, Pennsylvania and Shrewsbury, Massachusetts, respectively, for a combined total purchase price of $65.1 million. The purchases were funded by the Company's At-The-...
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Deutsche Bank PT Changes 7/20
Wednesday, July 20, 2011 - 5:11am | 335Deutsche Bank's PT Changes for 7/20/2011: American Campus Communities (NYSE: ACC) - Hold, tgt $35 to $38, AIMCO (NYSE: AIV) - Hold, tgt $28 to $30, AvalonBay Communities (NYSE: AVB) - Hold, tgt $115 to $139, BRE Properties, Inc. (NYSE: BRE) - Hold, tgt $49 to $55, Camden Property Trust (...
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Stocks to Watch for Wednesday 7/20/2011: Fresh 52 Week Highs and Lows
Wednesday, July 20, 2011 - 12:51am | 3102Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Apple (NASDAQ: AAPL): Shares of Apple...
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Citi Maintains Buy on Equity Lifestyle Properties
Tuesday, July 19, 2011 - 6:59am | 116Citi is out with its report today on Equity Lifestyle Properties (NYSE: ELS), maintaining Buy. In a note to clients, Citi writes, "While there is some transaction related noise in ELS' 2Q results and updated guidance, we believe the details behind the Hometown transaction support our Buy rating on...
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Equity Residential Announces Redemption and Optional Repurchase of 3.85% Exchangeable Senior Notes due 2026
Monday, July 18, 2011 - 3:30pm | 33Equity Residential (NYSE: EQR) today announced that its operating partnership, ERP Operating Limited Partnership, is calling its 3.85% Exchangeable Senior Notes due 2026 for redemption on August 18, 2011.
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UDR Announces Closing of Common Stock Offering and Exercise of Underwriters' Overallotment Option
Monday, July 18, 2011 - 3:03pm | 99UDR, Inc. (NYSE: UDR) announced today the closing of its public offering of 20,700,000 shares of its common stock at a price of $25.00 per share, including 2,700,000 shares sold as a result of the underwriters' exercise of their overallotment option in full at the closing. Net proceeds from the...
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Stocks Going Ex Dividend the Fourth Week of July
Monday, July 18, 2011 - 12:58pm | 732Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Be on the lookout!
Monday, July 18, 2011 - 12:01am | 660This week will be a big one. Well, kinda. The U.S. women's soccer just barely lost the World Cup championship, I get a free sandwich for lunch tomorrow, and baseball is back from the all-star break. Hopefully the Phillies will keep up with their winning ways, but good luck to whatever...
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Commercial Real Estate Week in Review
Saturday, July 16, 2011 - 12:01am | 409Commercial Real Estate Week in Review for the week of July 9th to July 15th - U.S. Debt Talks Continue As Deadline Approaches - Federal Realty Trust Obtains $400 Million Credit Line - Strategic Hotels & Resorts (NYSE: BEE) Secures $85 Million Loan - Retail REITs Lead the Way Towards Recovery -...
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MLV Commnets On FDA Approval For SuperGen New Drug Application
Thursday, July 14, 2011 - 8:05am | 120According to MLV, SuperGen (NASDAQ: SUPG) and its U.S. collaborative partner Eisai announced that the FDA has accepted the supplemental New Drug Application (sNDA) of Dacogen for the treatment of acute myeloid leukemia. MLV said that it expects the FDA to assign a PDUFA date of next March, 2012,...
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Benzinga's Top ETF Decliners, July 13th (ZSL, AGA, EDZ, DRN)
Wednesday, July 13, 2011 - 5:59pm | 185ProShares UltraShort Silver (ETF) (NYSE: ZSL) led the decliners among the ETFs on Wednesday, with a loss of 11.43%. ZSL closed at $15.27, and it had a volume of 15.26M traded shares. PowerShares DB Agriculture Double Short ETN (NYSE: AGA) fell 6.02% as wheat and corn futures traded sharply higher...