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What's At Stake For Shopping Mall REIT Taubman As Activist Clash Comes To A Climax
Tuesday, May 30, 2017 - 1:44pm | 587Read More...The fate of Taubman Centers, Inc. (NYSE: TCO) seems to rest on Thursday’s annual shareholder meeting. Since October, activist investor Jonathan Litt has campaigned with Charles Elson, director of the University of Delaware’s John L. Weinberg Center for Corporate Governance, to supplant...
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How This REIT Plans To Thrive While Rates Remain Uncertain, Retail Locations Shutter
Saturday, May 13, 2017 - 9:00pm | 582Read More...Over the last several years, Joey Agree has taken Agree Realty Corporation (NYSE: ADC) from a $300 million microcap to a $1.5 billion diversified real estate company. But challenges lie ahead for the president and CEO, particularly in the form of unpredictable and uncontrollable interest rates....
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Education Realty Shares Not Likely To See Upside Soon
Monday, April 10, 2017 - 3:32pm | 390Read More...Ryan Meliker of Canaccord Genuity downgraded shares of Education Realty Trust, Inc. (NYSE: EDR) from Buy to Hold with a price target lowered from $46 to $43 after the company's leasing update for the 2017-2018 lease term. Education Realty cited challenges in its upper-class leading in its...
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A Marijuana REIT Is About To Hit The Market
Monday, November 7, 2016 - 9:18am | 349Read More...Investors have been looking to profit from marijuana stocks for the past few years as the industry is gaining from more lax restrictions and an increase in public support. In fact, several states will vote in the upcoming election to legalize or regulate marijuana sales to the public....
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Did You Know There's A Student Housing REIT?
Wednesday, September 7, 2016 - 9:06am | 328Read More...Education Realty Trust, Inc. (NYSE: EDR), a little-known company among investors, is a $3.4 billion student housing real estate investment trust (REIT). On Wednesday, Michael Bilerman of Citi Research initiated coverage of the stock with a Neutral rating and $46 price target. According to Bilerman...
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Malls Booting Department Stores In Favor Of Smaller Retailers
Monday, July 11, 2016 - 9:13am | 492Read More...How the mighty have fallen. According to the Wall Street Journal, the once mighty retailers and mall tenants are no longer the preferred choice of mall owners. According to the Wall Street Journal, mall owners are no longer looking at high-end retailers like Nordstrom, Inc. (NYSE: JWN) to drive...
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Sovran Self Storage Announces Acquisition Of LifeStorate For $1.3 Billion
Thursday, May 19, 2016 - 9:26am | 185Read More...Sovran Self Storage Inc (NYSE: SSS), a self storage real estate investment trust (REIT), announced on Thursday it has agreed to acquire LifeStorage LP, a privately-owned self storage operator, for $1.3 billion in cash. LifeStorage is the sixth-largest private owner and operator of self storage...
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Hudson Pacific Properties Announces Share Offering, Shares Dip 3%
Wednesday, May 11, 2016 - 10:14am | 166Read More...Shares of Hudson Pacific Properties Inc (NYSE: HPP) fell more than 3 percent Wednesday morning after the vertically integrated real estate company announced the pricing of common stock offering. Hudson Pacific Properties said it plans on offering to sell 10.6 million shares of its common stock...
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Cousins Properties, Parkway Properties Announce Stock-For-Stock Merger
Friday, April 29, 2016 - 4:10pm | 409Read More...Cousins Properties Inc (NYSE: CUZ), a self-administered and self-managed real estate investment trust announced on Friday it has entered into a definitive agreement to merge with Parkway Properties Inc (NYSE: PKY), an integrated real estate investment trust. The merger will consist of a stock-...
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Department Stores Need To Slash Hundreds Of Locations, Says Research Firm
Monday, April 25, 2016 - 9:14am | 350Read More...Green Street Advisors, a research gathering firm that focuses on real estate and REIT companies, believes department stores as a whole need to slash hundreds of sites to regain the productivity they enjoyed a decade ago. As noted by the Wall Street Journal, department stores would need to close...
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Ashford Hospitality Responds To Activist Investor, Highlights 'Failure To Describe Any Actionable Strategy'
Tuesday, April 19, 2016 - 9:03am | 331Read More...Ashford Hospitality Prime Inc (NYSE: AHP) announced in early April that its board of directors have concluded a strategic review process. The board concluded that while it has received interest from strategic buyers, none of the offers "would provide adequate value to shareholders." Instead, the...
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American Farmland Says It Will Commence A Review Of Strategic Alternatives, Shares Pop 7%
Friday, April 15, 2016 - 11:06am | 233Read More...American Farmland Co (NYSE: AFCO), a real estate investment trust company that focuses on owning and acquiring a diversified portfolio of U.S. farmland, announced that its Board of Directors will begin a review of strategic alternatives to enhance shareholder value. American Farmland noted that...
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Rexford Industrial Realty Falls 2% On Share Offering, Cites 'Potential Acquisition Opportunities'
Tuesday, April 12, 2016 - 8:38am | 166Read More...Shares of Rexford Industrial Realty Inc (NYSE: REXR) were trading lower by more than 2 percent early Tuesday morning after the company announced a common stock offering. Rexford Industrial announced the pricing of an underwritten public offering of 9 million shares of its stock at a price of $17.65...
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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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MGM's Growth Properties IPO Expected To Open In $18-$21/Share Range
Friday, April 8, 2016 - 9:57am | 237Read More...MGM Growth Properties announced in a regulatory filing on Friday it will offer 50 million class A common shares to the public at a price between $18 and $21 per share. MGM Growth Properties' stock will trade on the New York Stock Exchange under the ticker "MGP." The REIT was recently formed as part...
