-
Time To Book Profit In General Growth Properties Inc.(GGWPQ)
Tuesday, February 16, 2010 - 11:23am | 111Mall operator General Growth Properties Inc. (NYSE: GGWPQ) soared in early trading on Tuesday, after Simon Property Group Inc. (NYSE: SPG) announced its decision to acquire General Growth Properties Inc. (GGWPQ) for an amount of $10 billion on Tuesday. The deal, which is a cash and stock...
-
Simon Property Group (SPG) Bids $10 Billion For Bankrupt REIT
Tuesday, February 16, 2010 - 8:50am | 84Simon Property Group Inc. (NYSE: SPG) announced on Tuesday that it was making an offer to buy troubled General Growth Properties Inc. (OTC: GGWPQ ). General Growth Properties Inc. is a real estate investment trust that filed for bankruptcy protection last year. Simon Property Group said the deal is...
-
Benzinga's Top ETF Gainers (EDZ, FXP, DRN, DTO)
Friday, February 12, 2010 - 4:57pm | 185Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) gained 3.35% today as The MSCI Emerging Markets Index fell on the news that China decided to lift its reserve requirements. ProShares UltraShort FTSE/Xinhua China 25 (NYSE: FXP) added 3.41%, while one of the biggest components of FTSE/...
-
CAZ Investments Recommends A Short Position In VNQ
Thursday, February 11, 2010 - 6:26pm | 231Christopher Zook of CAZ Investment suggested on CNBC's Fast Money that investors should short commercial real estate stocks. He has a short position on Vanguard REIT ETF (NYSE: VNQ). Simon Property Group, Inc (NYSE: SPG), Vornado Realty Trust (NYSE: VNO) and Public Storage (NYSE: PSA) are among...
-
Developers Diversified To Sell More Shares Than Previously Expected
Tuesday, February 9, 2010 - 11:35am | 83Developers Diversified Realty (NYSE: DDR), the Ohio-based real estate investment trust, has raised the amount of a share offering the company announced on Monday. Developers Diversified will now sell 37.3 million shares at $8.16 per share after previously saying it would sell 36 million shares. The...
-
Benzinga's Top ETF Decliners (FAS, GDX, URE, TAN)
Monday, February 8, 2010 - 3:34pm | 260Wells Fargo & Company (NYSE: WFC) and Bank of America (NYSE: BAC) are trading more than 3% down today, which has hurt Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS). FAS dropped 4.4% so far and has a volume of 28.77M traded shares. Market Vectors Gold Miners (ETF) (NYSE: GDX) lost 3.4...
-
Simon Properties Earnings Preview (SPG)
Thursday, February 4, 2010 - 7:29pm | 91Simon Properties Group (NYSE: SPG) will be reporting its quarterly numbers tomorrow morning before the opening bell. The Wall Street consensus is that SPG will report EPS of $1.52 per share on revenue of $963 million. In today's trading, the stock fell 2.50% to close at $70.98. I would not make any...
-
Earnings Preview: Kimco Realty Corporation (KIM)
Wednesday, February 3, 2010 - 2:30am | 70Kimco Realty Corporation (NYSE: KIM) will report fourth quarter (2009) earnings after the market closes on Wednesday. The consensus EPS estimate is a profit of $0.06, which is a drastic turnaround from the loss of $0.24 per share in the same quarter a year earlier. Kimco Realty Corporation has...
-
Macquarie Upbeat On EQY
Wednesday, January 13, 2010 - 12:56pm | 39Macquarie upgraded Equity One (NYSE: EQY) from “neutral” to “outperform.” EQY last traded at $16.70 and has moved up only 13.14% over the past 52 weeks. The target price for EQY is set to $19.
-
Developers Diversified Realty Corp. (DDR) Lowers Fiscal Year 2009 Guidance
Wednesday, January 13, 2010 - 11:41am | 146Developers Diversified Realty Corp. (NYSE: DDR) expects fiscal year 2009 funds from operations to be in the range of $1.83 to $1.85 per diluted share excluding certain estimated non-operating net charges. With the inclusion of these charges it expects fiscal year 2009 funds from operations to be a...
-
Improved Rating For Regency (REG) Based On Valuation: Morgan Keegan
Monday, January 11, 2010 - 12:49pm | 95Analysts at Morgan Keegan have raised Regency Centers Corporation’s (NYSE: REG) rating to Market Perform after considering a more reasonable valuation. There is greater clarity on sources and uses of funds in 2010 which reduces forward risk, and the new valuation range used is $34-$36 per share....
-
Weingarten Realty Investors (WRI) Announces Fourth Quarter Earnings Release And Conference Call Dates
Thursday, January 7, 2010 - 4:19pm | 391HOUSTON--(BUSINESS WIRE)-- Weingarten Realty Investors (NYSE:WRI) announced today that its fourth quarter 2009 earnings will be released after the market closes on Wednesday, February 24, 2010. Senior Management will host a conference call the following day, Thursday, February 25, 2010 at 10:00 a.m...
-
Top 5 Small-Cap Stocks In The Financial Sector With The Highest Earnings Estimates (SGS, ALX, ESGR, FCNCA, PTP)
Thursday, December 31, 2009 - 6:22am | 165Below are the top 5 small-cap financial stocks on the NASDAQ and the NYSE in terms of earnings estimates. The per share earnings estimate for Stream Global Services Inc (NYSE: SGS) for next year is $79.25. SGS’s market capitalization is $471.2 million. The per share earnings estimate for Alexander'...
-
Big Money To Be Made In Small Caps (IRC, HOME, FFBC, VECO, AMMD)
Monday, December 28, 2009 - 11:45am | 154Historical data indicates that small cap stocks outperform the market over long periods. However, these scrips also have a high degree of risk associated with them. Bank of America Merill Lynch, in a recent report, tried to estimate potential winners and losers. Financial stocks are most likely to...
-
SPEND TO THE END
Monday, December 28, 2009 - 11:13am | 455The markets have floated since the Santa Claus rally began early last week. The volume has been extremely light and this does give the market a slight upside bias. Remember the old saying, never short a dull market. Well, this market has been very dull if you go by the current volume. Many stocks...