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Keefe, Bruyette & Woods Maintains Glimcher Realty Trust Outperform, Raises PT To $11 (GRT)
Friday, February 18, 2011 - 9:32am | 112Keefe, Bruyette & Woods maintained its Glimcher Realty Trust (NYSE: GRT) Outperform rating and raised Glimcher Realty Trust's price target to $11 in a research report published today. In the report, Keefe, Bruyette & Woods states, "Operations (4Q10/2011) above expectations, but 4Q10 FFO...
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Jefferies Raises PT On Realty Income Corporation To $37
Friday, February 18, 2011 - 8:40am | 28Jefferies & Company has raised the price target on Realty Income Corporation (NYSE: O) from $36 to $37 and maintains its Hold rating.
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Jefferies Ups Price Target On Taubman Centers (TCO)
Thursday, February 17, 2011 - 9:49am | 90Jefferies & Co. is raising its price target on shares of Taubman Centers (NYSE: TCO) to $52 from $48, but is keeping its Hold rating on shares. In a note to clients, Jefferies writes, "We have a Hold rating on TCO stock given our thesis that while TCO is well positioned to benefit from a pick-...
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Jefferies Raises PT On Taubman Centers To $52
Thursday, February 17, 2011 - 8:31am | 27Jefferies & Company has raised the price target on Taubman Centers (NYSE: TCO) from $48 to $52 and maintains its Hold rating.
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Benzinga's Top Upgrades (ADC, O, MICC, TWTC)
Thursday, February 17, 2011 - 8:15am | 136Agree Realty Corporation (NYSE: ADC) was upgraded by Janney Capital from "neutral" to "buy." ADC's shares closed at $23.63 yesterday. Agree Realty's trailing-twelve-month operating margin is 60.60%. BofA/Merrill upgraded Realty Income Corporation (NYSE: O) from "neutral" to "buy." Realty Income's...
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Kite Realty Group Trust Reports Q4 EPS of $0.11 vs. $0.11
Wednesday, February 16, 2011 - 4:33pm | 108Kite Realty Group Trust (NYSE: KRG): For the three months ended December 31, 2010, funds from operations (FFO), a widely accepted supplemental measure of REIT performance established by the National Association of Real Estate Investment Trusts, was $7.8 million, or $0.11 per diluted share, for the...
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Getty Realty Corp Reports Q4 EPS of $0.48 vs. $0.49
Tuesday, February 15, 2011 - 5:02pm | 175Getty Realty Corp. (NYSE: GTY) today reported its preliminary financial results for the quarter and year ended December 31, 2010. Net earnings for the quarter ended December 31, 2010 increased by $1.2 million to $12.5 million, as compared to $11.3 million for the quarter ended December 31, 2009....
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Federal Realty Trust Reports EPS $1.01 Vs. $0.99 Est.; $138.7M Vs. $137.5M Est. (FRT)
Tuesday, February 15, 2011 - 4:21pm | 299Federal Realty Trust (NYSE: FRT) Reports EPS $1.01 Vs. $0.99 Est.; $138.7M Vs. $137.5M Est. Federal Realty Investment Trust today reported operating results for its fourth quarter and year-ended December 31, 2010. Financial Results Federal Realty generated funds from operations available for common...
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Chemed Reports Fourth-Quarter 2010 Results
Tuesday, February 15, 2011 - 4:17pm | 133Chemed Corporation (NYSE: CHE) reported financial results for its fourth quarter ended December 31, 2010, versus the comparable prior-year period, as follows: Consolidated operating results: Revenue increased 10.9% to $336 million Net Income increased 25.8% to $22.6 million Adjusted Net Income...
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Cedar Shopping Centers Announces Purchase and Sale of JV Interests
Tuesday, February 15, 2011 - 9:43am | 153Cedar Shopping Centers, Inc. (NYSE: CDR) today announced that, pursuant to the exercise of certain "buy-sell" provisions in joint venture agreements with Homburg Invest Inc., Cedar has elected to purchase HII's 80% interest in one of the nine properties owned by the existing Cedar/Homburg joint...
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Cedar Shopping Centers Announces Purchase and Sale of JV Interests
Tuesday, February 15, 2011 - 9:43am | 153Cedar Shopping Centers, Inc. (NYSE: CDR) today announced that, pursuant to the exercise of certain "buy-sell" provisions in joint venture agreements with Homburg Invest Inc., Cedar has elected to purchase HII's 80% interest in one of the nine properties owned by the existing Cedar/Homburg joint...
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Jefferies Raises PT on Macerich to $49 (MAC)
Tuesday, February 15, 2011 - 9:13am | 74Jefferies is out with its report today on Macerich (NYSE: MAC), raising its PT from $46 to $49. In a note to clients, Jefferies writes, "We are revising our 2011 and 2012 FFO/sh. est to $2.87 (ex. $0.06 debt prepayment charge) and $3.14, from $2.88 and $3.13, respectively. We are increasing our PT...
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Jefferies Raises PT on Macerich to $49 (MAC)
Tuesday, February 15, 2011 - 9:13am | 74Jefferies is out with its report today on Macerich (NYSE: MAC), raising its PT from $46 to $49. In a note to clients, Jefferies writes, "We are revising our 2011 and 2012 FFO/sh. est to $2.87 (ex. $0.06 debt prepayment charge) and $3.14, from $2.88 and $3.13, respectively. We are increasing our PT...
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RPT Q4 In-Line With J.P. Morgan Estimate
Tuesday, February 15, 2011 - 8:54am | 147Monday night Ramco-Gershenson Properties Trust (NYSE: RPT) reported Q4 FFO/share (ex-one-times) that was “in-line with our estimate and consistent with its January guidance update,” J.P. Morgan reports. “The ‘clean' 4Q print of $0.20 excluded some one-time items related to the company's Merchant...
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Deutsche Bank's Initial Thoughts On RPT 4Q
Tuesday, February 15, 2011 - 8:36am | 82With guidance unchanged and core metrics effectively in-line, “we view Ramco-Gershenson Properties Trust (NYSE: RPT) results as a relatively neutral event,” Deutsche Bank reports. “With a 9AM conference call, investors will likely focus on management commentary before judging the Q. However, in...