REIT – Residential

(MAA) Bayer’s Xofigo Cleared by the US Food and Drug Administration

Bayer’s (BAYRY) HealthCare segment recently received encouraging news as the US Food and Drug Administration (FDA) approved its oncology drug Xofigo (radium 223 dichloride). Xofigo was approved for the treatment of patients with...

15Jun2013 | | Comments Off on (MAA) Bayer’s Xofigo Cleared by the US Food and Drug Administration | Continued

(EQR) Equity Residential’s Earnings Miss by a Penny

Equity Residential’s (EQR) core funds from operations (FFO) per share in the first quarter of 2013 reached 64 cents, a penny short of the Zacks Consensus Estimate. This however, went up 3 cents from the year-ago FFO per share.

Quarterly...

16May2013 | | Comments Off on (EQR) Equity Residential’s Earnings Miss by a Penny | Continued

(EQR) Equity Residential Share Rating Remains Neutral

On Apr 11, 2013, we reiterated our long-term recommendation on Equity Residential (EQR), an apartment real estate investment trust (REIT), at Neutral. The move reflects the company’s decent fourth-quarter results...

18Apr2013 | | Comments Off on (EQR) Equity Residential Share Rating Remains Neutral | Continued

(MAA) Revenues Rise at Endocyte

Endocyte, Inc. (ECYT) reported fourth quarter 2012 net loss per share of 2 cents, in line with the Zacks Consensus Estimate and narrower than  the year-ago loss of 30 cents.

Fourth quarter 2012 revenues were $14.5 million...

26Feb2013 | | Comments Off on (MAA) Revenues Rise at Endocyte | Continued

(EQR) Will Equity Residential Beat The Street in Fourth Quarter?

We expect leading multi-family real estate investment trust (REIT) – Equity Residential (EQR) –to beat expectations when it reports fourth-quarter 2012 results after the closing bell tomorrow, Feb 5.

Why a Likely...

18Feb2013 | | Comments Off on (EQR) Will Equity Residential Beat The Street in Fourth Quarter? | Continued

(AIV) Apartment Investment and Management Company Announces Dividend Hike

Apartment Investment and Management Company (AIV) – a real estate investment trust (REIT) better known as Aimco – announced a 20% sequential hike in its quarterly cash dividend rate. The company will now pay a dividend of 24 cents...

11Feb2013 | | Comments Off on (AIV) Apartment Investment and Management Company Announces Dividend Hike | Continued

(AVB) AvalonBay Communities – Growth & Income

AvalonBay Communities Inc. (AVB) expects to hike its dividend by 8% – 12% in the first quarter of 2013, based on its solid operating platform and the recent acquisition of Archstone. Currently, this Zacks Rank #2 (Buy) REIT pays a regular...

23Jan2013 | | Comments Off on (AVB) AvalonBay Communities – Growth & Income | Continued

(EQR) Equity Residential Sells Assets

Earlier this week, Equity Residential (EQR) announced that it has inked a deal to sell a portfolio of assets worth $1.5 billion to a joint venture of The Goldman Sachs Group Inc. (GS)...

15Jan2013 | | Comments Off on (EQR) Equity Residential Sells Assets | Continued

(ACC) American Campus Communities – Growth & Income

Shares of American Campus Communities, Inc. (ACC) have been rising since announcing the acquisition of student housing properties last month. Also, this Zacks #2 Rank (Buy) REIT currently pays a regular quarterly dividend that yields 2.9% annually.

With...

7Jan2013 | | Comments Off on (ACC) American Campus Communities – Growth & Income | Continued

(MAA) Actelion Drug Accepted for Review

Switzerland-based Actelion (ALIOF) recently announced that the US Food and Drug Administration (FDA) accepted its New Drug Application (NDA) for macitentan. Actelion is looking to get macitentan approved in the US as a treatment...

24Dec2012 | | Comments Off on (MAA) Actelion Drug Accepted for Review | Continued

(ACC) Chemical Output Edge Up in October

U.S. chemical output barely rose on a monthly basis in October, according to the latest monthly report from the American Chemistry Council (ACC). The Washington-based chemical industry trade group said on Wednesday that the U.S. Chemical Production Regional Index (CPRI) inched up 0.2% in October,...

4Dec2012 | | Comments Off on (ACC) Chemical Output Edge Up in October | Continued

(ACC) US Chemical: Down Drift Continues

The latest monthly report from the American Chemistry Council (ACC) shows yet another monthly slump in the nation’s chemical production. The Washington-based chemical industry trade group said that the Chemical Production Regional Index (CPRI) fell 0.2% in August, following a downwardly revised...

9Oct2012 | | Comments Off on (ACC) US Chemical: Down Drift Continues | Continued

(MAA) Mid-America Apartment Communities Acquires Orlando Property

Mid-America Apartment Communities, Inc. (MAA), an apartment-only real estate investment trust (REIT), recently completed the acquisition of Retreat at Lake Nona. This is a 394-unit multifamily apartment community in Orlando, Florida....

27Aug2012 | | Comments Off on (MAA) Mid-America Apartment Communities Acquires Orlando Property | Continued

(AGNC) American Capital Agency – Bull of the Day

We are changing our long-term recommendation for American Capital Agency (AGNC) from Neutral to Outperform, backed by its strong first quarter 2012 results and a healthy year-over-year earnings and revenue increase. American Capital...

12Jun2012 | | Comments Off on (AGNC) American Capital Agency – Bull of the Day | Continued

(EQR) Equity Residential to Acquire Archstone

Equity Residential (EQR), a real estate investment trust (REIT), has recently signed a binding purchase agreement with the affiliates of Bank of America Corporation (BAC)...

4Jun2012 | | Comments Off on (EQR) Equity Residential to Acquire Archstone | Continued

(MAA) MAA Acquires Virginia Property

MAA (MAA), an apartment-only real estate investment trust (REIT), has recently completed the acquisition of Adalay Bay – a 240-unit upscale apartment community in Chesapeake, Virginia — for an undisclosed price. The transaction...

5Apr2012 | | Comments Off on (MAA) MAA Acquires Virginia Property | Continued

(EQR) Used Home Prices Stabilize in July

In July, home prices were mixed on a seasonally adjusted basis. The Case-Schiller Composite 10 City index (C-10) fell a slight 0.12% on a seasonally adjusted basis, and is down 3.77% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) edged up by 0.05% on the...

28Sep2011 | | 0 comments | Continued

(EQR) Equity Residential Second Quarter Earnings Scorecard

Equity Residential (EQR) reported funds from operations (FFO) of $180.7 million in second quarter 2011 compared with $175.1 million in the year-ago quarter. FFO per share in the reported quarter remained flat year over year at 58 cents....

5Aug2011 | | 0 comments | Continued

(BRE) BRE Properties Beats Estimates

BRE Properties Inc (BRE) reported second quarter 2011 funds from operations (FFO) of $34.9 million or 49 cents per share versus $28.9 million or 46 cents per share in the year-earlier quarter.

Funds from operations,...

4Aug2011 | | 0 comments | Continued

(AVB) Avalonbay Communities Buys Rockville Townhomes

Avalonbay Communities Inc. (AVB), a leading multifamily real estate investment trust (REIT), has recently expanded its portfolio with the acquisition of Yale Village Townhomes in Rockville, Maryland for $49.5 million. The purchase...

30Jun2011 | | 0 comments | Continued

(UDR) UDR Adds Asset at Record Price

UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), has recently acquired a luxury condo-turned-rental project in Washington DC, for $104 million or $670 per square foot – the highest price per square foot...

30Jun2011 | | 0 comments | Continued

(MAA) Mid-America Apartment Communities Buys Assets in Florida

Mid-America Apartment Communities Inc. (MAA) recently completed the acquisition of a 279-unit luxury apartment community Tattersall at Tapestry Park, located in the Southeast sub-market of Jacksonville, Florida. The...

29Jun2011 | | 0 comments | Continued

(EQR) U.S. Home Prices Mixed – Good News

In April, home prices were mixed. The Case-Schiller Composite 10 City index (C-10) rose an ever-so-slight 0.01% on a seasonally adjusted basis, and is down 3.04% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) fell by 0.09% on the month and is down 3.93%...

28Jun2011 | | 0 comments | Continued

(SNH) Senior Housing Properties Trust Mulls Equity Offer

Senior Housing Properties Trust (SNH), a real estate investment trust (REIT) which primarily owns private pay senior living communities and medical office buildings across the U.S., has recently announced its decision to issue 6.5...

28Jun2011 | | 0 comments | Continued

(AGNC) Company News for June 28, 2011 – Corporate Summary

•    Shares of online company Amazon.com, Inc. (NASDAQ:AMZN) gained 4.52% after analysts at Morgan Stanley (NYSE:MS) opined that the company’s fourth quarter profits and margins will outperform...

28Jun2011 | | 0 comments | Continued

(AGNC) American Capital Agency Offers Shares

American Capital Agency Corp. (AGNC) recently issued a public offering of 43.2 million shares worth approximately $1.2 billion. The offering is expected to close on June 28, 2011. In a bid to cover over-allotments,...

26Jun2011 | | 0 comments | Continued

(EDR) Education Realty Trust Hikes Dividend

Education Realty Trust, Inc. (EDR) recently hiked its quarterly cash dividend by 2 cents to 7 cents per share. This translates into a massive 40% increase from the prior dividend. The increased dividend will be paid on August 16, 2011,...

26Jun2011 | | 0 comments | Continued

(UDR) UDR Raises Quarterly Dividend

UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), has recently increased its second quarter 2011 dividend from 18.5 cents to 20 cents. The quarterly dividend, payable in cash, would be paid on August 1, 2011...

22Jun2011 | | 0 comments | Continued

(MAA) Roche Holdings’ Skin Cancer Drug Impresses

Roche Holdings Ltd. (RHHBY) recently presented encouraging data from a phase III trial (BRIM 3) on BRAF V600 mutation-positive metastatic melanoma candidate, vemurafenib (RG7204, PLX4032), at the annual meeting of the American Society...

12Jun2011 | | 0 comments | Continued

(UDR) UDR Reports 2011 First Quarter Mixed Results

UDR, Inc (UDR) reported first quarter 2011 FFO (fund from operations) of $56.8 million or 30 cents per share compared to $46.8 million or 28 cents in the year-earlier quarter.

Funds from operations, a widely used metric to gauge...

4May2011 | | 0 comments | Continued