All Posts Tagged With: "PCL"

(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 | Continued

(WY) Bullish on Weyerhaeuser

We recently upgraded Weyerhaeuser Company (WY) from Neutral to an Outperform recommendation. Why the Upgrade? Weyerhaeuser is one of the leading U.S. forest product companies and has a market capitalization...

2May2013 | | Comments Off | Continued

(PCL) Industry Rank Analysis: Knock on Wood – Zacks Industry Rank Analysis

Jumping up Zacks Industry Ranks in response to revitalized real estate demand. Sitting just last week at #192 on the Zack’s Industry Rank list, strong recent demand for building materials –and upgrades to earnings estimate revisions that followed– pushed key players...

2May2013 | | Comments Off | Continued

(PCL) Industry Rank Analysis: Knock on Wood – Zacks Industry Rank Analysis

Jumping up Zacks Industry Ranks in response to revitalized real estate demand. Sitting just last week at #192 on the Zack’s Industry Rank list, strong recent demand for building materials –and upgrades to earnings estimate revisions that followed– pushed key players...

27Apr2013 | | Comments Off | Continued

(UFPI) Universal Forest Products Posts Upbeat 2013 First Quarter

Universal Forest Products Inc. (UFPI) reported one of the finest first quarter results on Apr 17, 2013. The company rode high on the back of strong sales performance in its five market segments with a net income surging 25.7% over...

27Apr2013 | | Comments Off | Continued

(PCL) Plum Creek Timber Company Stays Neutral

On Apr 11, 2013, we reiterated our long-term recommendation on Plum Creek Timber Company Inc. (PCL), a timber real estate investment trust (REIT), at Neutral. The move reflects the company’s solid operating platform, impressive fourth-quarter...

21Apr2013 | | Comments Off | Continued

(PCL) Real Estate Investment Trust Outlook – Nov. 2012 – Zacks Analyst Interviews

The U.S. Real Estate Investment Trust (REIT) industry had a lackluster third quarter after a relatively strong run in the first half of 2012, with a below-par performance in the months of August and September. However, on a macro aspect, the industry was well on course to steamroll the negative investor...

23Nov2012 | | Comments Off | Continued

(PCL) Plum Creek Timber – Bull of the Day

We are changing our recommendation for Plum Creek Timber Co. (PCL) from Neutral to Outperform. Plum Creek is the largest publicly-held timber REIT, with a diversified timber and land base that enables it to benefit from large economies...

23Oct2012 | | Comments Off | Continued

(PCL) Plum Creek Timber Company – Bull of the Day

We are changing our recommendation for Plum Creek Timber Co. (PCL) from Neutral to Outperform. Plum Creek is the largest publicly-held timber REIT, with a diversified timber and land base that enables it to benefit from large economies...

9Oct2012 | | Comments Off | Continued

(IMF) IMF Introduces Bailout Fund – A Thanksgiving Gift For Europe?

When the world economy is reeling under the European sovereign debt crisis and ever-increasing uncertainty in the continent across the Atlantic, here’s some good news from the International Monetary Fund (IMF). The IMF has introduced a bailout fund called Precautionary and Liquidity Lines (PLL),...

24Nov2011 | | 0 comments | Continued

(DHI) U.S. Housing Starts Slip Less Than Expected

We got some fairly good news on the housing front this morning. Housing Starts fell in September to a seasonally-adjusted annual rate of 628,000 from 630,000 in August, a drop of 0.3%. But the number was much better than the expected level of 603,000. However, the September numbers...

21Nov2011 | | 0 comments | Continued

(DHI) U.S. New Home Sales Move Down Slightly

New Home Sales in August fell by 2.3% from July to a rate of 295,000. Relative to a year ago, sales are up 6.1%. While the year-over-year rebound is more than welcome, it is still a very dismal rate of new home sales. However, there was an upward revision to the July numbers of 4,000 to 302,000....

27Sep2011 | | 0 comments | Continued

(DHI) U.S. Housing Starts Down – Permits Up

Housing Starts fell in August to a seasonally adjusted annual rate of 571,000 from 601,000 in July, a decrease of 5.0%. However, the July numbers were revised lower from 604,000, so it is possible to see the decrease as 34,000, or 5.5%. The number was also slightly below the expected level of 575,000. Relative...

21Sep2011 | | 0 comments | Continued

(DHI) U.S. Housing Starts and Building Permits Rise

Housing Starts rose in June to a seasonally-adjusted annual rate of 629,000 from 549,000 in May, an increase of 14.6%. However, the May numbers were revised lower from 560,000, so it is possible to see the increase as 69,000, or 12.3%. Relative to a year ago they are up 11.8%. Quite...

20Jul2011 | | 0 comments | Continued

(HCP) REIT Industry & Stock Outlook – June 2011 – Industry Outlook

The U.S. Real Estate Investment Trust (REIT) industry has sustained the improving trend this year, driven by a largely increased inflow of funds as institutional investors allocated more capital to the industry. This has helped the group generate market-beating returns. The FTSE NAREIT Equity...

9Jun2011 | | 0 comments | Continued

(DHI) U.S. New Housing Starts and Permits Rise

Housing Starts rose in March to a seasonally adjusted annual rate of 549,000 from 512,000 in February, an increase of 7.2%. Also, the February numbers were revised sharply higher from 479,000, so it is possible to see the increase as 70,000, or 14.6%. Relative to a year ago they are...

23Apr2011 | | 0 comments | Continued

(BOBE) U.S. Housing Starts Plunge Yet Again

Housing Starts plunged in February to a seasonally-adjusted annual rate of just 479,000 from 618,000 in January, a drop of 22.5%. As a small silver lining, the January numbers were revised higher from 596,000, so it is possible to see the decrease as 117,000, or “just” 19.6%. Relative...

31Mar2011 | | 0 comments | Continued

(HCP) REIT Industry Outlook – February 2011 – Industry Outlook

The U.S. Real Estate Investment Trust (REIT) industry continued its growth momentum in fiscal 2010 with sustained improvements in the economy, driven by a spurt in real estate fundamentals and an increased inflow of funds as institutional investors have allocated more capital to the industry. The...

23Feb2011 | | 0 comments | Continued

(DHI) Multi-family Housing Starts Explode

Housing Starts rose in January to a seasonally adjusted annual rate of just 596,000 from 520,000 in December, a rise of 14.6%. The December numbers were revised lower from 529,000, so it is possible to see the increase as 67,000, or 12.7%. Relative to a year ago they are down 2.6%. Quite frankly,...

18Feb2011 | | 0 comments | Continued

(DHI) U.S. Housing Starts Fall in December 2010 – Permits Up

Housing Starts fell in December to a seasonally adjusted annual rate of just 529,000 from 553,000 in November, a fall of 4.3%. The November numbers were revised slightly lower from 555,000, so it is possible to see the decline as 26,000. Relative to a year ago they are down 8.2%. Quite frankly, a...

24Jan2011 | | 0 comments | Continued

(DHI) U.S. Housing Starts Up, Permits Down

Housing Starts rose in November to a seasonally adjusted annual rate of 555,000 from 534,000 in September, an increase of 3.9%. The October numbers were revised higher from 519,000, so it is possible to see the increase as 21,000 or 6.9%. Relative to a year ago, they are down...

20Dec2010 | | 0 comments | Continued

(DHI) U.S. Housing Starts Still Weak

In July, Housing Starts rose to a seasonally-adjusted annual rate of 546,000, an increase of 1.7% over the 537,000 rate in June. However, the June rate was revised down from 549,000 so, relative to where we thought we were yesterday, it is a decline of 0.5%. Relative to the 587,000...

17Aug2010 | | 0 comments | Continued

(PCL) U.S. New Home Sales Rise in June

New Home Sales rose 23.6% in June from May to a seasonally adjusted annual rate of 330,000. However, the May total was revised down sharply from a rate of 300,000 to 267,000. Thus, relative to where we thought we were, the increase was more like 10%. Relative to a year ago, sales were down...

27Jul2010 | | 0 comments | Continued

(LEN) U.S. New Home Sales Collapse

Everyone expected that New Home Sales would be weak, but not that weak. In May, new homes were selling at a seasonally-adjusted annual rate of 300,000, 32.7% below the 446,000 rate in April and even 18.3% below the very depressed levels of a year ago. Actually,...

25Jun2010 | | 0 comments | Continued

(DHI) U.S. New Home Sales Impress! $$

New Home Sales jumped 14.8% in April to a seasonally adjusted annual rate of 504,000. That easily beat expectations for a rise to 425,000. Well actually, after the revisions, that would not be a rise. The March numbers were revised sharply higher to an annual rate of 439,000...

26May2010 | | 0 comments | Continued

(PCL) Plum Creek Timber 2010 First Quarter Earnings Scorecard

Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported fiscal 2010 first quarter recurring earnings of 47 cents per share that exceeded the Zacks Consensus Estimate...

24May2010 | | 0 comments | Continued

(WMT) National Association of Realtor’s Pending Homes Sales Index Up

The National Association of Realtor’s (NAR) Pending Home Sales Index rose 5.3 percent in March to 102.9 from 97.7 in February, and is 21.15 above March 2009 when it was 85.0. This is on top of a  8.3% increase in February. The data reflects contracts and not closings, which...

5May2010 | | 0 comments | Continued

(MFB) Institute for Supply Management Shows U.S. Manufacturing Increasing

The Institute for Supply Management’s (ISM) manufacturing survey rose to a reading of 60.4 from 59.6 in February, an increase of 0.8 points and above the 60.0 reading that was expected. Any reading over 50 indicates that the manufacturing economy is expanding, so this is a very...

3May2010 | | 0 comments | Continued

(PCL) U.S. Existing Home Sales Rise in March

Existing Home Sales rose 6.8% in March to a seasonally adjusted annual rate of 5.35 million. That rate is 16.1% higher than the 4.61 million rate of a year ago. The number was slightly better than the consensus expectations of a 5.29 million annual rate. Existing homes sales are recorded at...

22Apr2010 | | 0 comments | Continued

(PCL) Plum Creek Timber Company – Analyst Estimates Continue Inching Higher

Plum Creek Timber Co. (PCL) has a Zacks #2 Rank. Its stock trades at 28.6x 2010 consensus EPS estimates and 26.1x 2011 consensus EPS estimates. Growth and Income Analysts estimate that Plum Creek...

13Apr2010 | | 0 comments | Continued