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Market Wrap For December 18: Markets Flat During Day One Post Fed Taper
Thursday, December 19, 2013 - 5:47pm | 2272Read More...Major indices barely budged Thursday following yesterday's monster rally after the Fed announced it will begin tapering. Overall volume was below average which is typical in the final trading days of the year. Next week will be shortened as investors break for Christmas and a week later for new...
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Market Wrap For November 4: Economy Is Steady, Tapering Could Be Around The Corner
Wednesday, December 4, 2013 - 6:16pm | 2104Read More...Stock futures declined before the equity markets opened after the ADP employment report showed a higher than expected 215,000 jobs were added during the month of November. Investors and traders were spooked by the report that solidifies the Fed's case to begin tapering. Traders and investors...
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Update: Shares of BRE Properties Jump on Bloomberg Report of Possible Company Sale
Wednesday, December 4, 2013 - 4:53pm | 280Read More...Shares of BRE Properties Inc. (NYSE: BRE) jumped to new 52 week highs of $61.50, immediately following a Bloomberg report that the company is working with investment bankers at Wells Fargo (NYSE: WFC) for a possible sale of the company. Bloomberg reported Essex Property Trust Inc. (NYSE: ESS)...
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KBW Maintains Outperform on BRE Properties (BRE)
Monday, May 9, 2011 - 7:51am | 111Read More...KBW is out with its report today on BRE Properties (NYSE: BRE), maintaining Outperform. In a note to clients, KBW writes, "BRE issued 9.2M shares (assuming full greenshoe) at $48.00/sh, grossing $442M. Initial use of proceeds includes preferred redemption, asset purchase & line paydown and is...
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Morgan Keegan Raises Estimates And Price Target On BRE Properties
Thursday, May 5, 2011 - 9:08am | 90Read More...According to Morgan Keegan, BRE Properties (NYSE: BRE) estimates and price targets are raised. Morgan Keegan said that BRE reported 1Q 2011 FFO of $0.53/share, $0.01 above estimate and $0.02 above Street consensus. “Management fine-tuned 2011 FFO guidance from $2.06-2.18/share to $2.08-2.18/share—...
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BRE 1Q11 Tops Expectations But Modestly Disappoints, KBW Reports
Thursday, May 5, 2011 - 9:05am | 75Read More...KBW reports that BRE Properties Inc.'s (NYSE: BRE) 1Q11 FFO/sh “topped expectations on non-property items as core results continued improvement, but modestly disappointed.” “Early 2Q trends and ‘guiding to upper end of range' commentary support our expectation of midyear guidance raise, suggesting...
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Morgan Keegan Raises PT On BRE Properties To $57
Thursday, May 5, 2011 - 7:42am | 27Read More...Morgan Keegan has raised the price target on BRE Properties (NYSE: BRE) from $51 to $57 and maintains its Outperform rating.
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Citi Maintains Hold on BRE Properties (BRE)
Tuesday, March 15, 2011 - 8:57am | 112Read More...Citi is out with its report today on BRE Properties (NYSE: BRE), maintaining Hold. In a note to clients, Citi writes, "Going forward, BRE is most concerned withboth the rate of job growth and wage growth. In addition, while higher gas prices could impact the ability to push rents, most of BRE's...
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Wells Fargo Raises BRE Valuation Range To $46-$51 to $48-$52
Thursday, February 10, 2011 - 11:03am | 32Read More...Wells Fargo is raising its valuation range on shares of BRE Properties, Inc. (NYSE: BRE) to $46-$51 to $48-$52. BRE Properties currently trades at $45.42.
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Morgan Keegan Positive On BRE Properties' Q4 Results (BRE)
Tuesday, February 8, 2011 - 12:05pm | 106Read More...Morgan Keegan finds BRE Properties' (NYSE: BRE) Q4 results a positive surprise. In a new report out today, Morgan Keegan reported “4Q:10 FFO of $0.15/share, $0.01 above Street consensus, and $0.02 above our estimate. Results included a $22.9M (-$0.36/share) charge related to debt retirement (...
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Morgan Keegan Reiterates Outperform for BRE
Thursday, September 16, 2010 - 9:26am | 86Read More...BRE Properties (NYSE: BRE) reported leasing trends that continue to improve into 3Q2010 and occupancy is at 96.1%, while rental rates are up 2% sequentially, Morgan Keegan reports. BRE announced the sale of $300M in 10.5 year senior unsecured notes, for which proceeds will be used to redeem...
