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Bid Wars! Brookfield Wants General Growth Too! (BAM, SPG, GGWPQ.PK)
Tuesday, February 23, 2010 - 7:49am | 138Brookfield Asset Management (NYSE: BAM) is starting a bid war on bankrupt REIT General Growth Properties (OTC: GGWPQ.PK). Shares of General Growth have been performing strong since it received a buyout offer from Simon's Property Group (NYSE: SPG) less than two weeks ago. BAM plans on buying up a...
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A Portfolio That Delivers Growth & Dividends
Sunday, February 21, 2010 - 10:25am | 587A portfolio is constructed from many different stocks, and I have a continued theme that may attract your interest. Dividends are a large part to investing, even though they may seem to be insignificant in the short run. When dividends are reinvested, they create large gains over time with the...
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General Growth Properties Sued By A Shareholder (SPG, GGWPQ)
Saturday, February 20, 2010 - 8:29pm | 99A General Growth Properties (OTC; GGWPQ) shareholder, James Young, has filed a suit against the company. According to the shareholder, the company should not have rejected Simon Property Group Inc. (NYSE: SPG) $10 billion bid. General Growth Properties (GGWPQ) has refused to comment on the...
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Simon Property Group (SPG) Criticizes General Growth
Friday, February 19, 2010 - 8:30pm | 138Simon Property Group, Inc. (NYSE: SPG) Chief Executive David Simon sent a letter to General Growth Properties Inc.'s Chief Executive Adam Merz, related to General Growth's reaction to a $10 billion takeover bid from Simon Property Group. General Growth Properties wants Simon Property Group to sign...
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Developers Diversified Realty (DDR) Rises After Rating Upgrade
Friday, February 19, 2010 - 11:12am | 74Shares of the real estate investment trust Developers Diversified Realty C (NYSE: DDR) rose more than 2% in morning trading after being upgraded by RBC Capital Markets from Underperform to Sector Perform with a price target of $9. The upgrade is the first for Developers Diversified Realty C in...
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Benzinga’s Top Upgrades (SXL, DDR, MXWL, PWE, BRO)
Friday, February 19, 2010 - 10:25am | 273Sunoco Logistics Partners LP (NYSE: SXL) was upgraded by RBC Capital Markets from “sector perform” to “out perform.” SXL’s shares slipped 1.93% to $23.09 at 10:22 am. SXL has a 52-week trading range of $43.15-$71.17. SXL’s shares have gained 0.46% year to date. Read more about this company here....
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Realty Income Has Risen Too Fast, Sell Some Calls to Protect Some Profits (O)
Thursday, February 18, 2010 - 7:10pm | 154Shares of Realty Income Properties (NYSE: O) have risen quite nicely since we first mentioned them on Tuesday with our article General Growth Property Buyout: Could Realty Income Corporation Be Next?. At the time, shares were at $27.23 per share and closed today at $28.75 per share. In order to...
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Simon (SPG) Faces Stiff Competition Over General Growth Bidding
Wednesday, February 17, 2010 - 6:36pm | 125Simon Property Group, Inc. (NYSE: SPG) offered more than $10 billion to buy General Growth Properties, Inc. (OTC: GGWPQ) out of bankruptcy. Simon’s proposal offers equity investor about $9 a share but Pershing Square Capital Management LP, General Growth’s largest shareholder, said that the stock...
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US Housing Starts Show Remarkable Improvement In January (DHI, SPG, CHCI, BHS)
Wednesday, February 17, 2010 - 1:15pm | 207US housing starts hit their highest in six months in January, while industrial output jumped 0.9%, signaling that the economic recovery was taking a firm hold. According to the Commerce Department, groundbreaking activity for new homes rose 2.8% to a seasonally adjusted annual rate of 591,000 units...
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BofA/Merill Upgrades TCO
Wednesday, February 17, 2010 - 8:57am | 52Analysts at BofA/Merrill upgrade Taubman Centers (NYSE: TCO) from "neutral" to "buy." The target price for TCO has been raised from $35.5 to $40. TCO’s share price rose 3.50% to close at $35.76 yesterday. More Analyst Ratings here
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Jim Says Illogical Behavior of Market Keeping Professionals At Bay (DRI, SPG, MITSU, APC)
Wednesday, February 17, 2010 - 8:21am | 220Jim Cramer told the viewers of his "Mad Money" TV show that although global economic worries are overshadowing the recovery of the US economy, there are still reasons to be enthusiastic about the stock market. During his interview with Cramer, CNBC's Bob Pisani commented that markets are...
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Benzinga's Top ETF Decliners (ZSL, SCO, DRV, EDZ)
Tuesday, February 16, 2010 - 3:14pm | 183ProShares UltraShort Silver (ETF) (NYSE: ZSL) is trading 7.8% down today as silver trades in the positive territory. ZSL corresponds to twice the inverse of the performance of silver bullion. Oil is up today, while ProShares UltraShort DJ-UBS Crude Oil ETF (NYSE: SCO) dropped 7.59%. SCO...
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Benzinga's Top ETF Gainers (BDD, AGQ, UCO, DRN)
Tuesday, February 16, 2010 - 2:57pm | 171Copper is up approximately 4% and other base metals are also doing well today, which is good for PowerShares DB Base Metals Double Long ETN (NYSE: BDD) owners. BDD gained 10.53% so far. ProShares Ultra Silver (ETF) (NYSE: AGQ) is trading 7.54% up as silver jumped 3.6%. AGQ currently trades around $...
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Simon Property Makes Deal Of $10bn To Buy General Growth (SGP, GGP)
Tuesday, February 16, 2010 - 2:42pm | 124Simon Property Group, Inc. (NYSE: SPG), the largest real estate Investment Trust, announced a deal today to buy General Growth Properties, Inc. (NYSE: GGP), thus putting an end to one of the largest bankruptcies on record in the US. As part of the offer, Simon would provide 100% cash recovery on...
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Simon Growth Property's Future Looks Bright (SPG)
Tuesday, February 16, 2010 - 12:26pm | 215Simon Growth Property (NYSE: SPG) could provide investors with huge growth in the future. Today SPG put out a bid to buy General Growth Property (OTCBB: GGWPQ) for $10.1 billion out of bankruptcy. David Simon, the CEO of SPG, said he was willing to pay debtors of GGWPQ at par. This attractive deal...