Retail REIT's

After Tanger Factory Outlet Centers Inc.'s (NYSE: SKT) 4Q 2010 earnings release and conference call, “we are publishing our updated model and estimates,” J.P. Morgan reports. “We are slightly changing our 2011/2012 estimates; specifically, we are lowering our 2011 and 2012 FFO/share estimates by a...

In a report published by Morgan Keegan, Cedar Shopping Centers (NYSE: CDR) saw a slight miss in 4Q. Morgan Keegan said that CDR reported 4Q 2010 FFO of negative $0.40 per share. “Ex. non-cash items and acquisition costs, operating FFO was $0.14 per share. Our estimate included $0.02 in acquisition...

Cedar Shopping Centers, Inc. (NYSE: CDR) today reported its financial results for the fourth quarter and full year ended December 31, 2010. Revenues grew 30.2% to $52.4 million (including all managed properties, but excluding non-cash items and properties held for sale) in the fourth quarter 2010...

Analysts at RBC Capital downgrade Federal Realty Investment Trust (NYSE: FRT) from “outperform” to “sector perform.” The target price for FRT has been lowered from $87 to $84. FRT shares fell 2.39% to close at $82.17 yesterday. More Analyst Ratings here

Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) led the decliners among the ETFs today, with a drop of 8.93%. In the real estate space, First Industrial Realty Trust, Inc. (NYSE: FR) fell 3.66%, and Simon Property Group, Inc (NYSE: SPG) lost 2.73%. ProShares UltraShort DJ-UBS Crude Oil ETF (...

Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) spiked 9.01% in the regular trading session, and it added 1.26% in the after hours on Tuesday. In the real estate space, First Industrial Realty Trust, Inc. (NYSE: FR) fell 3.66%, and Taubman Centers, Inc. (NYSE: TCO) dropped 3.26%. iPath S&P...

Developers Diversified Realty Corporation (NYSE: DDR) today announced that it has entered into an agreement in connection with the sale of 9,500,000 of its common shares in a public offering. The offering will consist of 4,750,000 million common shares to be borrowed and sold by Citigroup Global...

Seattle Genetics, Inc. (Nasdaq: SGEN) and Millennium: The Takeda Oncology Company today announced that they have initiated a phase I clinical trial of brentuximab vedotin (SGN-35) in combination with chemotherapy for the treatment of newly diagnosed systemic anaplastic large cell lymphoma (ALCL)...

Macerich® (NYSE: MAC) and joint venture partner Institutional Mall Investors, LLC today announced the acquisition of full ownership of Arizona's Kierland Commons from its developers, Dallas-based Woodbine Development Corporation and the Herberger Interests of Phoenix/Scottsdale. To recap the...

Analysts at BofA/Merrill downgrade Tanger Factory Outlet Centers Inc (NYSE: SKT) from “buy” to “neutral.” The target price for SKT is set to $26.50. SKT shares gained 0.38% to close at $26.16 yesterday. More Analyst Ratings here

Equity One, Inc. (NYSE: EQY) announced today its financial results for the three and twelve months ended December 31, 2010. During the fourth quarter, the company: Reported quarterly Funds From Operations (FFO) of $0.27 per diluted share and FFO for the year of $1.00 per diluted share Reported core...

Pennsylvania Real Estate Investment Trust (NYSE: PEI) today reported results for the quarter and full year ended December 31, 2010. Real Estate Revenue $ 121,084,000 FFO $0.56

Analysts at BofA/Merrill initiate coverage of Glimcher Realty Trust (NYSE: GRT) with an “underperform” rating. The target price for GRT is set to $8.50. GRT shares fell 2.05% to close at $9.10 yesterday. More Analyst Ratings here

Analysts at ISI Group downgrade Tanger Factory Outlet Centers Inc (NYSE: SKT) from “buy” to “hold.” SKT shares fell 0.67% to close at $26.67 yesterday. More Analyst Ratings here

Jefferies is out with its report today on Realty Income Corp. (NYSE: O), raising its price target from $36 to $37. In a note to clients, Jefferies writes, "We are revising our 2011 and 2012 FFO/share estimates to $1.99 and $2.05, from $2.04 and $2.10, respectively. The lower estimates reflect 1)...