-
Inland Real Estate Acquires Farnam Tech Center
Thursday, September 2, 2010 - 7:47am | 107Inland Real Estate Corporation (NYSE: IRC) today announced the acquisitions through its joint venture with Inland Real Estate Exchange Corporation (IREX) of the Farnam Tech Center in Omaha, Nebraska and a free-standing Copps Food Center store in Sun Prairie, Wisconsin. The company purchased the 118...
-
SPG Announces Acquisition Of Prime Outlets
Wednesday, September 1, 2010 - 8:45am | 125Simon Property Group Inc. (NYSE: SPG) announced the acquisition of Prime Outlets for $2.3 bn. The recent acquisition reinforces the fact that Goldman has recently upgraded it to a buy on their conviction buy list. Goldman highlighted “several potential catalysts including a dividend increase,...
-
Equity One Upgraded To Market Perform
Wednesday, September 1, 2010 - 7:13am | 86Equity One, Inc. (NYSE: EQY) has been upgraded to Market Perform, with shares trading at a premium valuation relative to company peers, but has a solid balance sheet and the ability to continue acquiring high quality properties, according to Keefe, Bruyette & Woods. Keefe, Bruyette & Woods...
-
RPT In Transition, Remains Undervalued
Wednesday, September 1, 2010 - 7:08am | 85Ramco-Gershenson Properties Trust, Ltd. (NYSE: RPT) is currently in transition with a new CFO, and corporate governance improvements and strengthened balance sheet/enhanced liquidity have helped its position, according to Keefe, Bruyette & Woods. Keefe, Bruyette & Woods reports that RPT...
-
Keefe Bruyette Initiates RPT With Outperform
Wednesday, September 1, 2010 - 6:30am | 50Analysts at Keefe Bruyette initiate coverage of Ramco-Gershenson Properties Trust (NYSE: RPT) with an "outperform" rating. The target price for RPT is set to $12. RPT’s shares closed at $10.44 yesterday. More Analyst Ratings here
-
CBL & Associates Properties Declares Dividends Common and Preferred Stocks (CBL)
Tuesday, August 31, 2010 - 3:03pm | 154CBL & Associates Properties, Inc. (NYSE: CBL) today announced that its Board of Directors has declared a quarterly cash dividend for the Company’s Common Stock of $0.20 per share for the quarter ending September 30, 2010. The dividend is payable on October 15, 2010, to shareholders of record as...
-
New Nordstrom Store in Macerich Mall - Analyst Blog
Monday, August 30, 2010 - 4:54pm | 446The Macerich Company (MAC), a leading real estate investment trust (REIT), has recently announced the opening of a specialty fashion retail store by Nordstrom Inc. (JWN) in Santa Monica Place, a shopping mall in Santa Monica, California. The new Nordstrom store will showcase an optimum mix of...
-
Simon Property Group to Complete Prime Outlets Transaction (SPG)
Monday, August 30, 2010 - 4:05pm | 132Simon Property Group, Inc. (NYSE: SPG) today announced that it has completed its transaction with Prime Outlets Acquisition Company. The Prime transaction adds 21 outlet center properties to Simon's portfolio, including Prime's Barceloneta outlet center in Puerto Rico which Simon acquired in May of...
-
Deutsche Bank's Weekly REIT Trader
Monday, August 30, 2010 - 8:35am | 423Deutsche Bank spent some time reviewing companies in the REIT market to discover some significant outperformance. Here is a performance recap of several of those companies: Kilroy Realty Corporation (NYSE: KRC) 2010 bonus programs show performance metrics that will exclude the impact of...
-
Kimco Offers Medium-Term Notes - Analyst Blog
Friday, August 27, 2010 - 12:06pm | 381Kimco Realty Corporation (KIM), a real estate investment trust (REIT), recently announced a public offering of $300 million medium-term notes due 2018 at a coupon of 4.3% to repay its outstanding debt. The notes were priced at 99.7% to yield 4.4%. Kimco would utilize the net proceeds of...
-
Benzinga's Top ETF Decliners (ZSL, DRV, TZA, UNG)
Wednesday, August 25, 2010 - 4:44pm | 183ProShares UltraShort Silver (ETF) (NYSE: ZSL) fell 6.04% today, as silver had a good trading session. Silver continued to trade higher, as investors are seeking shelter in precious metals. Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) dropped 5.46%, and closed at $28.94. In the real estate...
-
Benzinga's Top ETF Gainers (AGQ, DRN, TNA, UCO)
Wednesday, August 25, 2010 - 4:15pm | 228ProShares Ultra Silver (ETF) (NYSE: AGQ) traded higher today, along with the silver bullion. AGQ gained 6.09%, and silver closed near $19. Investors have shown a lot of interest in this ETF, as its volume was 2.5 times higher than its average volume. AGQ had a volume of 690K shares. Direxion Daily...
-
China: Investing In The US After Unocal
Saturday, August 21, 2010 - 10:24pm | 2094Dian L. Chu, Economic Forecasts & Opinions After state-owned CNOOC was blocked from the Unocal acquisition in 2005, China has instead turned toward other countries such as Australia, Canada and Brazil for its natural resource strategic investments. While China is the top U.S. debt holder in...
-
Taubman Expects Higher Fiscal FFO - Analyst Blog
Friday, August 20, 2010 - 9:06am | 514Taubman Centers Inc. (TCO), a real estate investment trust (REIT), has recently announced that it expects 2010 funds from operations (FFO) to be slightly above its previous guidance of $2.65 to $2.75 per share. Fund from operations, a widely used metric to gauge the performance of REITs, is...
-
Benzinga's Top ETF Decliners (TNA, DRN, FAS, BGU)
Thursday, August 19, 2010 - 4:25pm | 218Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) fell 7.86% today, as the Russell 2000 Index fell 2.72%. TNA closed at $35.50, and had a volume of 21.33M shares. Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) dropped 7.24%, and closed at $40.75. DRN struggled as the real estate stocks...