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Put-Spread Purchased in Simon Property Group
Thursday, May 13, 2010 - 12:21pm | 96Read More...Shares of Simon Property Group (NYSE: SPG) are off by 1.28% today, currently trading $90.14. The stock has been running higher largely unabated for the past six months, but one trader is buying some protection on the real estate operator today. The July $85/80 put-spread was purchased 2,000 times...
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Deutsche Bank Upgrades KIM To Hold
Monday, May 10, 2010 - 9:40am | 40Read More...Analysts at Deutsche Bank upgrade Kimco Realty (NYSE: KIM) from "sell" to "hold." KIM’s shares soared 6.33% to $15.96 at 9:37 am. More Analyst Ratings here
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General Growth (GGP) Spurns Simon Property (SPG)
Friday, May 7, 2010 - 12:15pm | 270Read More...General Growth Properties (NYSE: GGP) has opted to seek a bankruptcy judge’s approval for Brookfield Asset Management’s (NYSE: BAM) proposal that will allow it to exit from bankruptcy as a standalone company. In return, Brookfield will get a significant equity stake. General Growth had received a...
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Simon Ups Its Bid For General Growth (SPG, GGP, BAM)
Friday, May 7, 2010 - 11:22am | 167Read More...Simon Property Group (NYSE: SPG) is going all out to snag General Growth Properties (NYSE: GGP). Simon (SPG) has raised its bid to $20 per share, up from its previous offer of $18.25 apiece. The new bid has increased the deal size to $6.5 billion. Reuters has reported that Simon has also offered to...
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Simon Property (SPG) Makes A Final Offer Of $20 Per Share For General Growth (GGP)
Friday, May 7, 2010 - 7:34am | 106Read More...On Thursday, Simon Property Group (NYSE: SPG) came up with a final offer of $20 per share to acquire General Growth Properties (NYSE: GGP). Simon’s latest acquisition offer is worth $6.5 billion. Previously, it had offered General Growth, which had filed for the largest real estate bankruptcy in U...
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Credit Suisse Downgrades O To Underperform
Monday, May 3, 2010 - 8:19am | 41Read More...Analysts at Credit Suisse downgrade Realty Income (NYSE: O) from "neutral" to "underperform." O moved down 4.62% to close at $32.79 on Friday. More Analyst Ratings here
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Simon Property Declares Decreased Profit In Q1 (SPG)
Friday, April 30, 2010 - 12:52pm | 101Read More...Simon Property Group (NYSE: SPG) has reported an 87 percent drop in its profits due to high debt charges. However, the company has claimed that its sales grew at a healthy pace. Simon Property has declared a profit of $15 million for the first quarter, down from $113.3 million a year earlier. The...
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Mad Money Lightning Round OT Recap (PAAS, BRK.B, MAC, MLNK, CRM)
Wednesday, April 28, 2010 - 8:10pm | 176Read More...Jim Cramer said on CNBC's Mad Money Lightning Round OT that Pan American Silver Corp. (USA) (NASDAQ: PAAS) is his favorite silver mining company, because it has the lowest production cost and a great quality pattern. Pan American Silver (PAAS) gained 0.62% today and closed at $26.16. Cramer also...
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Market Roundup (VZ, GOOG, STT, EMMS, GS, XOM, SPG, GGP, RIMM)
Monday, April 26, 2010 - 2:28pm | 349Read More...Verizon Wireless (NYSE: VZ) has turned off its plans to offer service for the Nexus One handset from Google (NASDAQ: GOOG). The change in plans signals that Verizon may be viewing GOOG as more of a competitor than a partner. However, the Nexus One site continues to announce the introduction of the...
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US Financial Sector Halts After A 5-Day Rally (ETFC, AMTD, SCHW, COF, ZION, MAC)
Thursday, April 15, 2010 - 4:06pm | 275Read More...US financial stocks failed to keep up the rally from the previous session today as weak reports on employment and foreclosures dampened investor enthusiasm for the sector. The Financial Select Sector SPDR Fund remained flat in early trade today after rallying continuously for the last five days....
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Macerich Sinks
Thursday, April 15, 2010 - 10:58am | 131Read More...Shopping center owner, developer, and operator, Macerich Co. (NYSE: MAC) is cascading lower this morning to the tune of nearly 8.00%, currently trading $40.31. The company announced this morning that it was boosting its secondary to 30 million shares and that the sale offer is expected to bring...
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Market Roundup (CSX, BRK.A, RIMM, SPG, GGP, BAM, FNM, FRE, POT, MOS)
Wednesday, April 14, 2010 - 2:23pm | 301Read More...CSX (NYSE: CSX) chief Michael Ward said that the purchase of Burlington Northern (NYSE: BNI) by Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) was a "brilliant" acquisition" move, as the rail industry is rebounding. Shipments have risen after declining for a couple of years and CSX, the third-...
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Agree Realty Prices 1.3M Shares At $22 A Share
Tuesday, April 13, 2010 - 9:41am | 138Read More...Agree Realty Corporation (NYSE: ADC) priced its 1.3 million share offering at $22.00 per share. The offering is expected to close on or about April 16, 2010. Gross proceeds from the offering will be approximately $28.6 million. Agree Realty will use the net proceeds of the offering to repay a...
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Agree Realty (ADC) Announces 1M Share Offering
Monday, April 12, 2010 - 4:04pm | 108Read More...Agree Realty Corporation (NYSE: ADC) announced it has commenced a public offering of one million shares of its common stock. Agree Realty expects to use the net proceeds of the offering to repay a portion of the outstanding indebtedness under its $55 million credit facility and its $5 million...
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Benzinga’s Top Downgrades (FFCH, GRT, EW, CASY, FCX)
Monday, April 12, 2010 - 10:36am | 204Read More...First Financial Holdings Inc (NASDAQ: FFCH) was downgraded by BB&T Capital Markets from “buy” to “hold.” FFCH’s shares have lost 1.60% to $14.13 by 10:00 am. FFCH has a 52-week trading range of $7.97-$18.49. Hilliard Lyons downgraded Glimcher Realty Trust (NYSE: GRT) from “buy” to “neutral.”...


