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Prologis Shakes Off COVID Headwinds To 2Q Beat And Raise
Tuesday, July 21, 2020 - 11:56am | 396Read More...Prologis Inc (NYSE: PLD), the world's leading logistics real estate investment trust (REIT), reported second-quarter 2020 core funds from operations (FFO) of $1.11 per share, $0.12 per share better than the consensus estimate. "Our results for the quarter were excellent, driven by strong operating...
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Spirit Realty Capital Falls 2% On Share Upsize Offering
Tuesday, April 12, 2016 - 7:44am | 158Read More...Shares of Spirit Realty Capital, Inc (NYSE: SRC) were trading lower by around 2 percent at $11.26 early Tuesday morning after the company announced an upsize to a previously announced public offering. Spirit Realty announced the pricing of its underwritten public offering of 30 million shares...
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Annaly Capital Management Announces Acquisition Of Hatteras
Monday, April 11, 2016 - 8:52am | 458Read More...Annaly Capital Management, Inc. (NYSE: NLY), a mortgage real estate investment trust company, announced on Monday it has entered into an agreement to acquire Hatteras Financial Corp. (NYSE: HTS) for $15.85 per share. Shares of Hatteras, a managed mortgage real estate investment trust, closed on...
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Redwood Trust Gains 2%, CEO Bought 20,000 Shares
Wednesday, March 2, 2016 - 12:44pm | 115Read More...Shares of Redwood Trust, Inc. (NYSE: RWT), a real estate investment trust company that focuses on mortgages and other real estate-related assets, rose more than 2 percent on Wednesday after the company's CEO Martin Hughes disclosed an insider stock purchase. Hughes disclosed that he acquired 20,000...
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JCPenney Announces Two Additions To Board Of Directors: Who Are They?
Tuesday, March 1, 2016 - 9:21am | 248Read More...J C Penney Company Inc (NYSE: JCP) announced after Monday's market close that its Board of Directors appointed 2 new members. Lisa Payne, vice chairman of Taubman Centers, Inc. (NYSE: TCO) and J Paul Raines, CEO of GameStop Corp. (NYSE: GME) will join the company's board and bring their respective...
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Rouse Properties To Be Acquired By An Affiliate Of Brookfield Asset Management For $18.25 Per Share
Thursday, February 25, 2016 - 2:12pm | 310Read More...Rouse Properties Inc (NYSE: RSE), a real estate investment trust company that focuses on regional malls, announced on Thursday it has agreed to sell itself to an affiliate of Brookfield Asset Management Inc (NYSE: BAM) for $18.25 per share. Rouse Properties' stock closed for trading at $17....
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Here's Why Shares Of FelCor Lodging Trust Surged On Thursday
Thursday, January 28, 2016 - 2:57pm | 326Read More...Shares of FelCor Lodging Trust Incorporated (NYSE: FCH), a real estate investment trust entity that owns a portfolio of upper-upscale and luxury hotels and resorts, surged higher by more than 7 percent on Thursday after an activist investor detailed a plan that could unlock significant...
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The Best REIT You've Never Heard Of
Wednesday, April 10, 2013 - 7:18am | 651Read More...As an income investor, chances are you are already familiar with real estate investment trusts (REITs). At the very least, if you do not currently hold any REITs in your portfolio, you are probably aware that the asset class is prized not only for its robust yields, but some useful tax advantages...
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Where Does J.C. Penney Go From Here? Six Options for the Company
Tuesday, April 9, 2013 - 9:35am | 1583Read More...The Ron Johnson experiment at J.C. Penney (NYSE: JCP) is over. In steps former CEO Mike Ullman as an interim CEO to fill the gap until the board of directors can find a full-time replacement. Shares are tumbling as sales growth stalls and customer traffic plunges. The real question is: Where does...
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Equinix Leaps on REIT Conversion News
Thursday, September 13, 2012 - 12:53pm | 347Read More...Equinix (NASDAQ: EQIX), one of the world's largest owners of data centers, has decided to convert its structure a real estate investment trust or REIT. The company plans on finalizing the conversion and operating as a REIT beginning January 1, 2015. Equinix shares jumped 13.6 percent to a record $...
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Stocks to Watch for Thursday 7/21/2011: Fresh 52 Week Highs and Lows
Thursday, July 21, 2011 - 5:36am | 2699Read More...Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...
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How to Play the REIT Boom
Thursday, July 7, 2011 - 3:08pm | 1022Read More...One of the most encouraging signs for the real estate market has been the performance of Real Estate Investment Trusts (REIT's) over the past six months. In that time, Education Realty Trust (NYSE: EDR), Equity Residential (NYSE: EQR), Boston Properties (NYSE: BXP), Camden Property Trust (NYSE:...
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Oppenheimer Comments On American Tower's Receipt Of Subpoena From SEC
Monday, June 6, 2011 - 8:21am | 150Read More...Oppenheimer has published a report on American Tower (NYSE: AMT) after the company announced its receipt of a subpoena from the Securities & Exchange Commission for reasons unknown. In the report, Oppenheimer writes, "American Tower announced the receipt of a subpoena from the SEC requesting...
