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Citigroup Reiterates Hold Rating on Acadia Realty Trust (AKR)
Thursday, October 28, 2010 - 8:53am | 167Citigroup is out with a research report this morning, where it reiterates its Hold rating on Acadia Realty Trust (NYSE: AKR); it has a $19.00 price target on the stock. The Citigroup analysts said that, given the tone from the 3Q AKR earnings call, they believe that management is close to making...
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Citigroup Raises Taubman Centers Price Target
Thursday, October 28, 2010 - 8:25am | 151Fundamentals in Taubman Centers, Inc.'s (NYSE: TCO) portfolio continue to improve with sales up 12% (~10.5% ex Apple) and approaching peak levels, base rents stabilizing, and occupancy costs getting closer to peers, Citigroup reports. Management expects a strong finish to the year with occupancy...
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Realty Income Corporation 2011 FFO Guidance Raised, Citigroup Reports
Thursday, October 28, 2010 - 8:21am | 167After missing the street by 1c in the third quarter, Realty Income Corporation (NYSE: O) cut 2010 guidance by 2.5c at the midpoint to $1.82 to $1.83 from $1.84-$1.86 (C and consensus at $1.85) which implies FFO of 46-47c for 4Q vs. 46c reported in 3Q. “The change may be attributed to acquisitions...
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Realty Income Corporation Downgraded To Market Perform
Thursday, October 28, 2010 - 8:20am | 134Wells Fargo has published a research report on Realty Income Corporation (NYSE: O) and has downgraded the company to Market Perform. In the report, Wells Fargo writes "We are lowering our rating on shares of Realty Income to Market Perform from Outperform. While Q3 FFO/sh was in line with our $0.46...
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DDR Upgraded To Market Perform
Thursday, October 28, 2010 - 8:15am | 147Wells Fargo has published a research report on Developers Diversified Realty Corporation (NYSE: DDR) and is upgrading the company to Market Perform. In the report, Wells Fargo writes "We are upgrading shares of DDR to Market Perform from Underperform and increasing our valuation range from $10-13...
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Agree Realty Corporation Reports Third Quarter EPS of $.46
Thursday, October 28, 2010 - 8:07am | 135Agree Realty Corporation (NYSE: ADC) today announced results for the quarter ended September 30, 2010. Third quarter funds from operations (FFO) was $6,020,000 compared with FFO in the third quarter of 2009 of $6,017,000. FFO per diluted share for the third quarter of 2010 was $0.60 compared with...
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Realty Income 3Q FFO One Penny Below Estimates
Thursday, October 28, 2010 - 7:12am | 114According to a report by J.P. Morgan, Realty Income Corporation (NYSE: O) reported 3Q FFO of $0.46, “which was a penny below our estimate and Bloomberg consensus.” “The big news coming out of O right now, in our view, is its robust transaction volume,” J.P. Morgan writes. “O announced $13.9 million...
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Wells Fargo Securities Upgrades DDR To Market Perform
Thursday, October 28, 2010 - 6:27am | 44Analysts at Wells Fargo Securities upgrade Developers Diversified Realty Corp (NYSE: DDR) from "underperform" to "market perform." DDR's shares lost 3.19% to close at $13.05 yesterday. More Analyst Ratings here
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Wells Fargo Securities Downgrades Realty Income To Market Perform
Thursday, October 28, 2010 - 6:07am | 43Analysts at Wells Fargo Securities downgrade Realty Income Corp (NYSE: O) from "outperform" to "market perform." O's shares lost 0.06% to close at $35.14 yesterday. More Analyst Ratings here
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Cedar Shopping Centers Reports Third Quarter Revenues of $44.7M
Wednesday, October 27, 2010 - 3:56pm | 211Cedar Shopping Centers, Inc. (NYSE: CDR) today reported its financial results for the third quarter ended September 30, 2010. Highlights Revenues were $44.7 million (including all managed properties but excluding non-cash items) compared to $39.9 million for the comparable quarter of 2009...
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Realty Income Announces Third Quarter Revenue Increase of 7%
Wednesday, October 27, 2010 - 3:39pm | 193Realty Income Corporation, The Monthly Dividend Company® (NYSE: O), today announced operating results for the third quarter ended September 30, 2010. All per share amounts presented in this press release are on a diluted per common share basis, unless stated otherwise. COMPANY HIGHLIGHTS:...
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Alexander's Declares Quarterly $2.50 Dividend
Wednesday, October 27, 2010 - 12:34pm | 36Alexander's, Inc. (NYSE: ALX) today announced that its Board of Directors has declared a regular quarterly dividend of $2.50 per share payable November 19, 2010 to stockholders of record on November 9, 2010.
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RBC Capital Changing Price Targets
Wednesday, October 27, 2010 - 12:01pm | 335RBC Capital is changing the following price targets and reiterating coverages: W.R. Berkley (NYSE: WRB); Outperform, from $30 to $31 Rogers Comms (NYSE: RCI); Sector Perform, from $46 to $44 National Oilwell Varco (NYSE: NOV); Outperform, from $55 to $70 Motricity (NASDAQ: MOTR); Outperform, from $...
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F5 Networks (FFIV) Enjoying a "Riverbed" Day on Good Earnings & Small Buyback
Wednesday, October 27, 2010 - 10:18am | 1561Last week after Riverbed Technology (RVBD) posted blowout earnings, I was looking at 2 names I had closed out as they broke down technically post Equinix debacle early in the month: F5 Networks (FFIV) and Acme Packet (APKT). My view was that the computers (and momo humans*) would rush into these...
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J.P. Morgan Reiterates Neutral Rating on Taubman Centers (TCO)
Wednesday, October 27, 2010 - 8:58am | 159J.P. Morgan is out with a research report this morning, where it reiterates its Neutral rating on Taubman Centers (NYSE: TCO); it has a $45.00 price target on the stock. The JPM analysts cited the company's recently reported earnings report, which was in-line with estimates when adjusted for a...