-
KBW Raises TCO Target To $53
Monday, February 14, 2011 - 8:22am | 28KBW is raising its PT on shares of Taubman Centers Inc. (NYSE: TCO) to $53. Taubman Centers Inc. closed Friday at $53.82.
-
Jefferies Raises PT On Regency Centers Corporation To $42
Monday, February 14, 2011 - 7:48am | 28Jefferies & Company has raised the price target on Regency Centers Corporation (NYSE: REG) from $39 to $42 and maintains its Hold rating.
-
Monthly Dividend Real Estate Companies
Thursday, February 10, 2011 - 10:53pm | 462A little over a year ago, I predicted that the bottom of the real estate market would take place in November of 2009. There were positive signs in 2010 but as I mentioned in my article, real estate is like a giant ship; it takes a long time to turn, unlike the stock market, which can turn on a...
-
KIM Making Slow Progress On Non-Core Assets, Goldman Sachs Reports
Thursday, February 10, 2011 - 9:29am | 101Shopping center REIT Kimco Realty Corporation (NYSE: KIM) posted FFO per share of $0.29 vs. $0.31a year earlier, Goldman Sachs reports. “Our estimate was $0.28,” Goldman Sachs writes. “The upside came from a preferred equity gain (+$2.5 mn), which was not in our estimate. Otherwise, at first glance...
-
Realty Income Reports Q4 FFO of $0.47 vs. $0.46
Thursday, February 10, 2011 - 9:21am | 54Realty Income Corporation (NYSE: O), today announced operating results for the fourth quarter ended December 31, 2010. Revenue increased 13.4% to $92.2 million as compared to $81.3 million FFO available to common stockholders increased 8.5% to $52.5 million FFO per share was unchanged at $0.47...
-
Inland Real Estate Corporation Reports Q4 FFO of $0.21 vs. $0.20
Thursday, February 10, 2011 - 8:36am | 140Inland Real Estate Corporation (NYSE: IRC) today announced financial and operational results for the three and twelve months ended December 31, 2010. Funds from Operations (FFO) per common share, adjusted for non-cash impairment charges and gains on extinguishment of debt in each period, was $0.21...
-
UPDATE: Jefferies Color On SPG 4Q10
Thursday, February 10, 2011 - 8:35am | 118In its post-4Q10 review of Simon Property Group (NYSE: SPG), Jefferies said that it believes SPG's high quality portfolio puts it in a better position vs. peers for the current retail environment. Additionally, excellent capital management and a growing redevelopment pipeline should provide double-...
-
JP Morgan Finds Kimco Realty Exceeded Expectations (KIM)
Thursday, February 10, 2011 - 8:31am | 119In a report out today, JP Morgan finds that Kimco Realty's (NYSE: KIM) Q4 reported earnings exceeded its expectations. The report states, “Kimco Realty reported Q4 recurring FFO/share of $0.29, which was $0.01 higher than our estimate and Bloomberg consensus. The company's 2011 outlook was...
-
Jefferies Raises PT On Simon Property Group To $120
Thursday, February 10, 2011 - 7:31am | 28Jefferies & Company has raised the price target on Simon Property Group (NYSE: SPG) from $112 to $120 and maintains its Buy rating.
-
Kimco Realty Corporation Reports Q4 EPS of $0.29 vs. $0.28
Wednesday, February 9, 2011 - 4:24pm | 65Kimco Realty Corporation (NYSE: KIM) today reported results for the fourth quarter and year ending December 31, 2010. Reported funds from operations (FFO) of $118.4 million, or $0.29 per diluted share, and $460.5 million, or $1.13 per diluted share, for the fourth quarter and full year 2010...
-
Federal Realty Investment Trust Announces MBTA Board Approval for Orange Line T Agreement
Wednesday, February 9, 2011 - 9:52am | 133Federal Realty Investment Trust (NYSE: FRT) today announced that the Massachusetts Bay Transportation Authority board voted to approve a memorandum of agreement (MOA) between Federal Realty and the MBTA -- another significant milestone in Massachusetts' largest development project. The approved...
-
J.P. Morgan Leaves Acadia Realty Trust Neutral Rating, $17 PT Unchanged (AKR)
Wednesday, February 9, 2011 - 8:37am | 126J.P. Morgan left its Acadia Realty Trust (NYSE: AKR) Neutral rating and price target of $17 unchanged in a research report published today. In the report, J.P. Morgan states, "Tuesday evening, Acadia Realty reported Q4 FFO/share that came in slightly ahead of our estimates due to promote income....
-
Cedar Shopping Centers to Purchase Massachusetts Center for $23.5M
Tuesday, February 8, 2011 - 1:02pm | 66Cedar Shopping Centers, Inc. (NYSE: CDR) today announced that it has entered into a definitive agreement to purchase Northwoods Crossing in Taunton, Massachusetts, on behalf of the joint venture between Cedar (20%) and RioCan Real Estate Investment Trust of Toronto, Canada (80%). Cedar also...
-
Deutsche Bank Raises PT of Simon Property Group to $121 (SPG)
Tuesday, February 8, 2011 - 9:43am | 104Deutsche Bank is optimistic about Simon Property Group's (NYSE: SPG) reported Q4 results. “SPG's 4Q results showed continued signs of core improvement, reinforcing our positive view on mall fundamentals. The company's initial 2011 outlook also met our expectation,” Deutsche Bank notes. The report...
-
Deutsche Bank Raises PT On Simon Property Group To $121
Tuesday, February 8, 2011 - 7:34am | 28Deutsche Bank has raised the price target on Simon Property Group (NYSE: SPG) from $114 to $121 and maintains its Buy rating.