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Simon Bids for Capital Shopping - Analyst Blog
Friday, November 26, 2010 - 8:00am | 539Simon Property Group Inc. (SPG), a leading real estate investment trust (REIT), has recently made a $3.6 billion acquisition offer for Capital Shopping Centers Group Plc (CSCG.L), the largest shopping center operator in the U.K. Following the offer, Capital Shopping share prices surged 13% on the...
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DDR Adds Two New hhgregg Stores - Analyst Blog
Wednesday, November 24, 2010 - 11:54am | 445Developers Diversified Realty Corp. (DDR), a leading real estate investment trust (REIT), has recently announced the introduction of two new retail stores of hhgregg, Inc. (HGG), a publicly owned white goods retailer, in Florida and Pennsylvania. hhgregg opened a 36,459 square-foot store at...
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Daily Long and Short Setup
Wednesday, November 24, 2010 - 9:55am | 103Futures continue to improve off of a healthy batch of economic reports, and primarily from a jobs report that showed new claims drop to 407k, which just below past expectations. Be careful on days like today though, as volume levels will be probably at or near its lowest levels of the year . LONG:...
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J.P. Morgan Underweight On Pennsylvania REIT (PEI)
Wednesday, November 24, 2010 - 7:38am | 92J.P. Morgan Chase & Co. has an Underweight rating and a $12 price target on Pennsylvania REIT (NYSE: PEI). In a note sent to clients, J.P. Morgan writes, "After 3Q earnings, we are publishing our updated PEI model and estimates. We are slightly lowering our 4Q'10 FFO/share estimate by $0.01 to...
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DDR Adds Two New hhgregg Stores - Analyst Blog
Wednesday, November 24, 2010 - 5:47am | 445Developers Diversified Realty Corp. (DDR), a leading real estate investment trust (REIT), has recently announced the introduction of two new retail stores of hhgregg, Inc. (HGG), a publicly owned white goods retailer, in Florida and Pennsylvania. hhgregg opened a 36,459 square-foot store at...
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Natural Gas: Worse Than Coal & Diesel in Greenhouse Emissions?
Monday, November 22, 2010 - 8:55pm | 1480By Dian L. Chu, EconForecast Natural gas has long been touted as a cleaner alternative because natural gas releases about half as much of the greenhouse gas carbon dioxide as coal does. Although the natural gas market is in the doldrums right now due to supply glut, with advocates like T. Boone...
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Getty Realty Corp. Announces Dividend of $.48
Friday, November 19, 2010 - 10:59am | 46Getty Realty Corp. (NYSE: GTY) announced that at the Board of Directors meeting held yesterday the Directors declared a quarterly Common Stock dividend in the amount of $0.48 per share payable on January 13, 2011 to holders of record on January 3, 2011.
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Agree Realty Acquires Lowe's Property for $9.9M
Thursday, November 18, 2010 - 10:01am | 62Agree Realty Corporation (NYSE: ADC) today announced it has acquired a property ground leased on a long-term basis to Lowe's. The 14.4 acre parcel is located at the intersection of Concord Mills Boulevard and Derita Road in Concord, North Carolina and contains a prototypical Lowe's Home Improvement...
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Benzinga's Top ETF Decliners (GAZ, TMF, AGQ, DRN)
Monday, November 15, 2010 - 6:04pm | 173iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN (NYSE: GAZ) led the decliners among the ETFs on Monday, with a decline of 7.55%. GAZ struggled today, as natural gas futures traded lower. Direxion Daily 30-Year Treasury Bull 3X Shares (NYSE: TMF) lost 6.10%, and closed at $35.38. TMF...
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Benzinga's Top ETF Gainers (TMV, ZSL, TBT, DRV, DAG)
Monday, November 15, 2010 - 5:51pm | 206Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE: TMV) jumped 6.11%, and closed at $45.92 on Monday. This was the third trading session in a row that TMV closed in the positive territory. ProShares UltraShort Silver (ETF) (NYSE: ZSL) traded higher today, as silver struggled. ZSL gained 4.52%,...
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Developers Diversified Realty Declares Fourth Quarter Dividend of $.02
Monday, November 15, 2010 - 4:06pm | 41Developers Diversified Realty (NYSE: DDR) today declared its fourth quarter 2010 common stock dividend of $0.02 per share. The common dividend is payable January 5, 2011 to shareholders of record at the close of business on December 17, 2010.
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Price Target Increased On Federal Realty Investment Trust
Monday, November 15, 2010 - 8:52am | 147Morgan Keegan published its research report today on Federal Realty Investment Trust (NYSE: FRT) following 3Q10 results. FRT reported 3Q 2010 FFO/share of $0.95, which was $0.03 below Morgan Keegan's estimate and $0.02 lower than consensus. J.P. Morgan is raising their full-year 2010 FFO/share...
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Simon Property Group to Webcast Management Presentations
Friday, November 12, 2010 - 2:54pm | 82Simon Property Group, Inc. (NYSE: SPG) today announced that it will provide an online simulcast of the following presentations to the investment community: David Simon, Chairman and Chief Executive Officer, will present at REITWorld 2010: NAREIT's Annual Convention in New York City on Tuesday,...
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National Retail Properties Downgraded To Market Perform
Friday, November 12, 2010 - 8:44am | 181Wells Fargo has downgraded National Retail Properties (NYSE: NNN) from Outperform to Market perform based on valuation, and has reduced estimates on the company as well. In the report, Wells Fargo writes "Year-to-date the shares have outperformed the Dow Jones equity REIT benchmarks by ~600bp and...
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Benzinga's Top Downgrades (NNN, TEF, BA, DLTR)
Friday, November 12, 2010 - 7:46am | 146National Retail Properties Inc (NYSE: NNN) was downgraded by Wells Fargo Securities from "outperform" to "market perform." NNN's shares closed at $27.02 yesterday. National Retail Properties' 52-week trading range is $17.90-$28.11. Telefonica SA (NYSE: TEF) was downgraded by Exane BNP from "...