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UPDATE: Stifel Reiterates On Vornado Realty Trust On Net Asset Value Update
Tuesday, November 11, 2014 - 9:27am | 123In a report published Tuesday, Stifel analyst John Guinee reiterated a Buy rating on Vornado Realty Trust (NYSE: VNO), and raised the price target from $110.00 to $115.00. In the report, Stifel noted, “We continue to like Vornado as we think: 1) the VNO valuation is almost entirely via the net...
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UPDATE: Stifel Downgrades Washington Real Estate Investment Trust As Republican Congress Puts Brakes On Recovery
Tuesday, November 11, 2014 - 9:12am | 151In a report published Tuesday, Stifel analyst John Guinee downgraded the rating on Washington Real Estate Investment Trust (NYSE: WRE) from Buy to Hold, and removed the $29.00 price target. In the report, Stifel noted, “We are downgrading Washington REIT to Hold from Buy as the soon to be...
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UPDATE: Stifel Upgrades CommonWealth REIT On Multiple Positive Factors
Thursday, July 10, 2014 - 8:39am | 178In a report published Thursday, Stifel analyst John Guinee upgraded the rating on CommonWealth REIT (NYSE: CWH) from Hold to Buy, and named a $28.50 price target. In the report, Stifel noted, “We are upgrading CommonWealth REIT to Buy from Hold as 1) the $705mm of proceeds from the sale of its 22mm...
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UPDATE: Stifel Upgrades CommonWealth REIT Following Additional Analysis
Friday, June 13, 2014 - 10:12am | 173In a report published Friday, Stifel analyst John Guinee upgraded the rating on CommonWealth REIT (NYSE: CWH) from Sell to Hold. In the report, Stifel noted, “We are upgrading our rating from Sell to Hold based on additional analysis where we evaluated the 33 asset, 23.6mm SF core portfolio on an...
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UPDATE: Stifel Reiterates On Brandywine Realty Trust Following Investor Meetings
Wednesday, June 11, 2014 - 8:05am | 154In a report published Wednesday, Stifel's John Guinee reiterated a Buy rating on Brandywine Realty Trust (NYSE: BDN), and raised the price target from $15.00 to $16.50. In the report, Stifel noted, “We recently hosted Brandywine management for investor meetings. Our take-aways are as follows: BDN...
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UPDATE: Stifel Downgrades CommonWealth REIT to Sell on Expected Share Turbulence
Tuesday, April 22, 2014 - 9:53am | 115In a report published Tuesday, Stifel analyst John Guinee downgraded the rating on CommonWealth REIT (NYSE: CWH) from Hold to Sell. In the report, Stifel noted, “We are downgrading CommonWealth REIT to Sell from Hold and we expect potentially turbulent share valuation until mid-May 2014 when the...
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UPDATE: Stifel Upgrades Liberty Property Trust on Industrial Bifurcation Analysis
Tuesday, December 17, 2013 - 9:27am | 128In a report published Tuesday, Stifel analyst John Guinee upgraded the rating on Liberty Property Trust (NYSE: LRY) from Hold to Buy, and named a $36.00 price target. In the report, Stifel noted, “Our current forward implied cap rates are 7.4%/6.4%/5.5% for NOI/Cash Flow/CF less G&A based on...
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UPDATE: Stifel Upgrades CommonWealth REIT on Review of Expected Outcomes
Tuesday, December 17, 2013 - 9:27am | 190In a report published Tuesday, Stifel analyst John Guinee upgraded the rating on CommonWealth REIT (NYSE: CWH) from Sell to Hold. In the report, Stifel noted, “We are expanding our range of expected outcomes and upgrading CommonWealth to Hold, from Sell. Possible scenarios include 1) a clean...
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UPDATE: Stifel Initiates Coverage on Empire State Realty Trust on Fair Valuation
Monday, November 11, 2013 - 9:47am | 121In a report published Monday, Stifel analyst John Guinee initiated coverage on Empire State Realty Trust (NYSE: ESRT) with a Hold rating. In the report, Stifel noted, “We are initiating coverage of Empire State Realty Trust (ESRT) with a Hold rating on the shares. Our fair value estimate is $13.50...
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UPDATE: Stifel Downgrades Corporate Office Properties Trust on Multiple Negative Factors
Tuesday, October 29, 2013 - 9:28am | 188In a report published Tuesday, Stifel analyst John Guinee downgraded the rating on Corporate Office Properties Trust (NYSE: OFC) from Buy to Hold, and removed the $31.00 price target. In the report, Stifel noted, “We are downgrading Corporate Office Property Trust from Buy to Hold as we think 1)...
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UPDATE: Stifel Terminates Coverage on MPG Office Trust Following Completion of Acquisition by Brookfield Office Properties
Wednesday, October 16, 2013 - 10:11am | 89In a report published Wednesday, Stifel analyst John Guinee terminated coverage on MPG Office Trust (NYSE: MPG). In the report, Stifel noted, “On April 25, 2013, Brookfield Office Properties (BPO, Sell, $18.82) announced its intention to acquire MPG Office for $3.15/sh in cash to the common...
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UPDATE: Stifel Downgrades Lexington Realty Trust on Valuation, Earnings Quality Call
Wednesday, October 16, 2013 - 10:10am | 144In a report published Wednesday, Stifel analyst John Guinee downgraded the rating on Lexington Realty Trust (NYSE: LXP) from Buy to Hold, and removed the $14.00 price target. In the report, Stifel noted, “We are downgrading Lexington Property Trust to Hold on the heels of 1) a recently announced $...
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UPDATE: Stifel Upgrades Brandywine Realty Trust on Multiple Positive Factors
Friday, September 6, 2013 - 10:06am | 180In a report published Friday, Stifel analyst John Guinee upgraded the rating on Brandywine Realty Trust (NYSE: BDN) from Hold to Buy, and named a $14.00 price target. In the report, Stifel noted, “We are upgrading BDN from Hold to Buy based on: 1) attractive valuation relative to our suburban...
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UPDATE: Stifel Nicolaus Downgrades CommonWealth REIT Following Portfolio Summary
Monday, August 12, 2013 - 9:42am | 154In a report published Monday, Stifel Nicolaus analyst John Guinee downgraded CommonWealth REIT (NYSE: CWH) from Hold to Sell. In the report, Stifel Nicolaus noted, “As CommonWealth was kind enough to provide a portfolio summary in its 2Q13 Supplemental, we plotted the portfolio on a map of the...
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UPDATE: Stifel Nicolaus Upgrades DCT Industrial Trust on Multiple Positive Factors
Thursday, July 25, 2013 - 11:09am | 158In a report published Thursday, Stifel Nicolaus analyst John Guinee upgraded DCT Industrial Trust (NYSE: DCT) from Hold to Buy, and named an $8.50 price target. In the report, Stifel Nicolaus noted, “We are upgrading DCT Industrial from Hold to Buy because: 1) its relative valuation is...