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Wells Fargo Securities Downgrades NNN To Market Perform
Friday, November 12, 2010 - 6:54am | 44Analysts at Wells Fargo Securities downgrade National Retail Properties Inc (NYSE: NNN) from "outperform" to "market perform." NNN's shares gained 0.33% to close at $27.02 yesterday. More Analyst Ratings here
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Earnings Scorecard: Kimco Realty - Analyst Blog
Thursday, November 11, 2010 - 10:33am | 852Kimco Realty (KIM), a leading real estate investment trust (REIT), reported funds from operations (FFO) of 27 cents per share for fiscal 2010 third quarter, which marginally exceeded the Zacks Consensus Estimate by a penny. Fund from operations, a widely used metric to gauge the performance of...
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Agree Realty Announces Lease Termination
Thursday, November 11, 2010 - 9:01am | 48Agree Realty Corporation (NYSE: ADC) today announced it has completed a lease termination transaction for its Aventura, Florida single-tenant property net leased to Borders Group, Inc. and has been released from its rental obligations relative to the underlying ground lease.
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Mad Money Lightning Round OT: Cramer Likes CBL (CBL, MBLX, CLP, EPD, NRGY, KMP)
Wednesday, November 10, 2010 - 8:07pm | 241Jim Cramer said on CNBC's Mad Money Lightning Round OT that he is a buyer of CBL & Associates Properties, Inc. (NYSE: CBL) because it has a higher dividend yield than its peers. CBL & Associates Properties, Inc. (CBL) gained 1.92% on Wednesday, and closed at $17.50. Cramer is bearish on...
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Earnings Scorecard: Simon Property - Analyst Blog
Wednesday, November 10, 2010 - 9:03am | 775Simon Property Group Inc. (SPG), a leading real estate investment trust (REIT), reported its fiscal 2010 third quarter fund from operations (FFO) of 90 cents per share, which missed the Zacks Consensus Estimate by 2 cents. Fund from operations, a widely used metric to gauge the performance of...
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Benzinga's Top ETF Decliners (DRN, AGQ, TMF, SIL)
Tuesday, November 9, 2010 - 7:38pm | 165Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) traded lower on Tuesday, along with the real estate sector. DRN dropped 11.79%, and Simon Property Group, Inc (NYSE: SPG) lost 4.77%. ProShares Ultra Silver (ETF) (NYSE: AGQ) fell 7.37% in the regular trading session on Tuesday, but it managed to...
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Benzinga's Top ETF Gainers (DRV, TMV, FAZ, ZSL)
Tuesday, November 9, 2010 - 7:23pm | 207Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) led the gainers among the ETFs on Tuesday with an increase of 12.00%. In the space, Simon Property Group, Inc (NYSE: SPG) fell 4.77%, and Boston Properties, Inc. (NYSE: BXP) dropped 4.43%. Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE: TMV...
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Realty Income Declares 485th Consecutive Common Stock Monthly Dividend of $0.14
Tuesday, November 9, 2010 - 4:15pm | 53Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE: O), today announced that its Board of Directors declared a common stock dividend of $0.1439375 per share, payable on December 15, 2010 to shareholders of record as of December 1, 2010. The dividend represents an...
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Agree Realty Appoints Alan Maximiuk as CFO
Monday, November 8, 2010 - 11:45am | 48Agree Realty Corporation (NYSE: ADC) announced earlier the appointment of Mr. Alan Maximiuk as Chief Financial Officer. In addition, Mr. Maximiuk will also serve as Secretary of the Company. Mr. Maximiuk has served as the Company's Vice President since July 2010.
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Company News for November 8, 2010 - Corporate Summary
Monday, November 8, 2010 - 9:39am | 684• UBS (NYSE: UBS) upgraded Intel (NASDAQ: INTC) to “buy” from "neutral," taking the price target to $25 from $20 • Shares of Boeing (NYSE: BA) weakened after reports in the Aviation Week asserted the firm had alerted several early Dreamliner customers of delays of up to ten months. However, the...
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Macerich Beats Marginally - Analyst Blog
Monday, November 8, 2010 - 8:33am | 413The Macerich Company (MAC), a fully integrated real estate investment trust (REIT), reported third quarter 2010 FFO (fund from operations) of $93.3 million or 66 cents per share, compared with $88.7 million or 97 cents in the year-earlier quarter. Fund from operations, a widely used metric to...
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Benzinga's Top Downgrades (NSM, MAC, CUB, ALU)
Monday, November 8, 2010 - 8:03am | 146National Semiconductor Corporation (NYSE: NSM) was downgraded by RBC Capital Markets from "sector perform" to "underperform." NSM's stock closed at $13.97 on Friday. National Semiconductor's 52-week trading range is $11.74-$15.79. The Macerich Company (NYSE: MAC) was downgraded by Jefferies &...
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Benzinga's Top Upgrades (EL, SPG, CVH, CCIX)
Monday, November 8, 2010 - 7:10am | 165Barclays Capital upgrade The Estee Lauder Companies Inc (NYSE: EL) from "equal weight" to "overweight." EL's shares closed at $72.16 on Friday. Shares of Estee Lauder Companies have moved up 49.21% so far this year. Jefferies & Co upgrade Simon Property Group Inc (NYSE: SPG) from "hold" to "buy...
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A Peek Into The Market Before The Trading Starts
Monday, November 8, 2010 - 7:07am | 400Pre-open movers US stock futures are signaling lower start on Wall Street today. Futures on the Dow Jones Industrial Average lost 29 points to 11,347.00 and S&P 500 futures fell 5.70 points to 1,217.30. Nasdaq 100 futures dropped 7.25 to 2,177.50. A Peek Into Global Markets Negative sentiments...
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Jefferies Ups Target On Taubman Centers (TCO)
Monday, November 8, 2010 - 7:06am | 90Jefferies & Co. is raising its price target on Taubman Centers (NYSE: TCO) to $48 from $42, but is keeping its Hold rating on shares. In a note to clients, Jefferies says, "We have a Hold rating on TCO stock given our thesis that, while TCO is well positioned to benefit from a pick-up in...