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Glimcher Announces Offering of 11M Common Shares
Wednesday, January 5, 2011 - 4:19pm | 48Glimcher Realty Trust (NYSE: GRT), announced today that it has commenced an offering of approximately 11,000,000 common shares for sale to the public. The Company expects to grant the underwriters an option to purchase up to 15 percent of additional common shares.
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Tanger Announces 2-for-1 Split of Its Shares
Wednesday, January 5, 2011 - 4:09pm | 78Tanger Factory Outlet Centers, Inc. (NYSE: SKT), announced today that its Board of Directors approved a 2-for-1 split of the Company's common shares (NYSE: SKT). The split will be effected by paying shareholders of record on January 13, 2011 a dividend of one new common share for each common share...
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MKM Expects Strong Movement In The REITs In The Weeks Ahead (IYR, SPG, GGP)
Wednesday, January 5, 2011 - 1:21pm | 189MKM Partners says it expects strong, positive long-term momentum for the real estate investment trust (REIT) sector to continue, and recommends iShares Dow Jones US Real Estate ETF (NYSE: IYR) as a particular idea for investors and traders to consider. MKM mentions Kimco Realty (NYSE: KIM), Simon...
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Benzinga's Top ETF Decliners (AGQ, DRN, GDXJ, UGL)
Tuesday, January 4, 2011 - 5:03pm | 222ProShares Ultra Silver (ETF) (NYSE: AGQ) led the decliners among the ETFs today, with a 5.87% decrease in price. AGQ traded lower along with silver, which dropped below $30. Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) fell 5.58% on Monday, and closed at $56.55. In the real estate space,...
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Benzinga's Top ETF Gainers (ZSL, DRV, SCO, GLL)
Tuesday, January 4, 2011 - 4:50pm | 189ProShares UltraShort Silver (ETF) (NYSE: ZSL) gained 5.92% today, as silver traded sharply lower and ProShares UltraShort Gold (ETF) (NYSE: GLL) added 4.81% on the weakness in gold. After a huge rally in both gold and silver, investors decided that it is time for some profit taking. Direxion Daily...
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Janney Montgomery Cuts Agree Realty To Hold
Tuesday, January 4, 2011 - 12:34pm | 76Janney Montgomery has cut Agree Realty (NYSE: ADC) from Buy to Hold and lowered Agree's price target from $28 to $24. Janney is worried about a potential bankruptcy filing from Borders Group (NYSE: BGP) which is a tenant and some of Agree's retail developments. However, in the past three years,...
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1-4-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Tuesday, January 4, 2011 - 12:10pm | 4462Rodrigo Campos, Reuters Wall Street flat as consumer shares offset optimism NEW YORK (Reuters) – Stock indexes were little changed on Tuesday as optimism over the economic outlook was offset by a decline in consumer stocks. Tuesday's small move follows a jump in stock indexes Monday as...
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Benzinga's Top ETF Gainers (REMX, FAS, DRN, UNG, CZM)
Monday, January 3, 2011 - 5:26pm | 257Market Vectors Rare Earth Strategic Metals ETF (NYSE: REMX) jumped 6.79%, and closed at $25.63. Molycorp, Inc. (NYSE: MCP) spiked 15.23% after Dahlman Rose increased price target for this company. Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) traded 5.73% higher today, as Bank of America...
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Parsing Through ETFs For REITs' Extended Rally
Monday, January 3, 2011 - 2:39pm | 454They were once supposed to be the "next shoe to drop" in the financial services sector during the global financial meltdown and while there were some bankruptcies and dividend cuts, REITs survived (for the most part) and enjoyed solid returns as a group in 2010. This much is clear: Investors still...
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Agree Realty Acquires Property for $2.9M
Monday, January 3, 2011 - 10:31am | 61Agree Realty Corporation (NYSE: ADC) today announced it has acquired a property ground leased on a long-term basis to JPMorgan Chase Bank located on Route 12 near Spring Grove Road in Spring Grove, Illinois. The cost of the acquisition was approximately $2,900,000. Chase Bank has approximately...
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Stocks Going Ex Dividend the Second Week of January
Sunday, January 2, 2011 - 3:48pm | 741Here 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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Ramco-Gershenson Acquires Grocery-Anchored Shopping Center in Wisconsin
Thursday, December 30, 2010 - 8:30am | 43Ramco-Gershenson Properties Trust (NYSE: RPT) announced today that it has acquired the Shoppes at Fox River a 135,484 square foot shopping center in Waukesha, Wisconsin, a suburb of Milwaukee, for $23.8 million in an all cash transaction.
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REITs Rocking (GGP, SPG, VNO)
Wednesday, December 29, 2010 - 3:59pm | 95As the yield on government debt is coming back down after having been sharply higher from the beginning of quantitative easing to now, real estate investment trusts have not performed as well, as yield sensitive investors look elsewhere. Today that course seems to be changing around, as companies...
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Kite Realty Group Trust Announces Closing of Overallotment Option in 8.25% in Preferred Share Offering
Tuesday, December 28, 2010 - 4:03pm | 74Kite Realty Group Trust (NYSE: KRG) today announced that it has closed the sale of an additional 200,000 of its 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares pursuant to the exercise by the underwriters of their overallotment option. The overallotment option was granted to the...
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Simon's New Retailer for Home Decor - Analyst Blog
Tuesday, December 28, 2010 - 9:03am | 604Simon Property Group Inc. (SPG), a leading real estate investment trust (REIT), has recently announced the introduction of a new global retailer to its retail mix in ‘The Shops at Sunset Place', an open-air shopping mall in South Miami, Florida. CasaIdeas, a Chilean premier retailer specializing...