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Stock Market & Financial Investment News

News Breaks
February 26, 2013
11:16 EDTCWH, SIR, CUZ, BDN, GOVCommonWealth REIT advances after stakeholders say shares undervalued
CommonWealth REIT (CWH), a Real Estate Investment Trust that focuses on office and industrial properties, is surging after investors with a sizable stake demanded that it cancel a planned stock offering and said the REIT's stock was significantly undervalued. Corvex Management and Related Fund Management, which announced that investment funds managed by them collectively obtained a 9.8% stake in Commonwealth, stated several demands in a letter to the REIT. Corvex and Related called on Commonwealth in the letter to cease a debt repurchase initiative and enter into talks about increasing shareholder value over the long-term. Commonwealth's stock is significantly undervalued, and could be worth more than $50 per share if the REIT implements more effective policies, the funds said. Corvex and Related added that they would be willing to acquire all of CommonWealth's shares at a significant premium to their market value as of yesterday. In mid-morning trading, CommonWelath's stock jumped 35% to $21.45. The shares of other REITs also climbed, with Select Income REIT (SIR) rising 2.50% to $26.20, Cousin Properties (CUZ) gaining 1.4% to $9.50, Brandywine Realty (BDN) adding 1% to $13.10 and Government Properties (GOV) rising 15 to $25.00.
News For CWH;SIR;CUZ;BDN;GOV From The Last 14 Days
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October 29, 2014
16:15 EDTCUZCousins Properties reports Q3 FFO 20c, consensus 19c
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October 27, 2014
09:11 EDTBDNBrandywine Realty and LCOR/CalSTRS announce joint venture
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08:09 EDTSIRSelect Income REIT reports Q3 normalized FFO 66c, consensus 49c
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October 24, 2014
10:03 EDTBDNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Align Technology (ALGN) upgraded to Buy from Hold at Jefferies... Brandywine Realty (BDN) upgraded to Buy from Hold at Stifel... Buffalo Wild Wings (BWLD) upgraded to Buy from Hold at Feltl... Carpenter Technology (CRS) upgraded to Overweight from Neutral at JPMorgan... Check Point (CHKP) upgraded to Buy from Hold at Needham... Diamond Offshore (DO) upgraded at ISI Group... Digital Realty (DLR) upgraded to Market Perform from Underperform at Cowen... EQT Corporation (EQT) upgraded to Buy from Neutral at SunTrust... Education Realty (EDR) upgraded to Buy from Hold at MLV & Co.... Gigamon (GIMO) upgraded to Neutral from Underperform at BofA/Merrill... Halliburton (HAL) upgraded to Buy from Neutral at Citigroup... Invacare (IVC) upgraded at KeyBanc... Knight Transportation (KNX) upgraded to Neutral from Underperform at Credit Suisse... Logitech (LOGI) upgraded to Buy from Neutral at UBS... Lorillard (LO) upgraded to Market Perform from Underperform at Cowen... Maxim Integrated (MXIM) upgraded to Buy from Hold at Deutsche Bank... NCR Corp. (NCR) upgraded to Neutral from Sell at Goldman... Nabors Industries (NBR) upgraded to Buy from Hold at Argus... Nucor (NUE) upgraded to Outperform from Underperform at CLSA... Old National Bancorp (ONB) upgraded to Buy from Neutral at DA Davidson... Plexus (PLXS) upgraded to Outperform from Market Perform at Raymond James... Potash (POT) upgraded to Buy from Hold at TD Securities... Reliance Steel (RS) upgraded to Buy from Hold at Jefferies... ResMed (RMD) upgraded to Outperform from Market Perform at William Blair... Royal Dutch Shell (RDS.A) upgraded to Buy from Neutral at UBS... Swift Transport (SWFT) upgraded to Buy from Hold at Stifel... Vulcan Materials (VMC) upgraded to Overweight from Equal Weight at Stephens... Weatherford (WFT) upgraded to Buy from Neutral at Citigroup.
08:48 EDTBDNBrandywine Realty upgraded to Buy from Hold at Stifel
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06:16 EDTBDNBrandywine Realty upgraded to Buy from Hold at Stifel
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October 23, 2014
14:03 EDTBDNBrandywine Realty upgraded to Buy from Neutral at Mizuho
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October 22, 2014
16:29 EDTBDNBrandywine Realty sees FY15 FFO $1.38-$1.48, consensus $1.42
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16:29 EDTBDNBrandywine Realty raises FY14 FFO view to $1.32-$1.34, consensus $1.34
16:25 EDTBDNBrandywine Realty reports Q3 FFO 36c, consensus 37c
Reports Q3 revenue $146.56M, consensus $153.57M. FFO for the three months of 2014 was impacted by a $3.8M loss on the early extinguishment of debt and $0.2M of various transaction costs.
15:30 EDTBDNNotable companies reporting after market close
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October 21, 2014
10:00 EDTCUZ, BDNOn The Fly: Analyst Initiation Summary
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10:00 EDTBDNOn The Fly: Analyst Upgrade Summary
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07:36 EDTCUZCousins Properties initiated with a Buy at SunTrust
Target $15.
07:32 EDTBDNBrandywine Realty initiated with a Buy at SunTrust
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05:35 EDTBDNBrandywine Realty upgraded to Outperform from Market Perform at Wells Fargo
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