New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 26, 2013
11:16 EDTCUZ, GOV, SIR, BDN, CWHCommonWealth 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
Sign up for a free trial to see the rest of the stories you've been missing.
December 18, 2014
17:36 EDTCUZCousins Properties signs lease extension with Stewart in Houston
Subscribe for More Information
December 16, 2014
16:12 EDTCUZCousins Properties announces agreement to sell 777 Main
Cousins Properties announced that it has entered into a binding purchase and sale agreement, with a non-refundable deposit, to sell 777 Main in Fort Worth, Texas. The transaction is scheduled to close by year end, subject to customary closing conditions. 777 Main is a 980,000 square foot, Class-A office tower located in downtown Fort Worth and was 75% leased as of September 30. Cousins purchased the asset in September 2013 as part of its Crescent Texas acquisition, which included the 4,348,000M square foot Greenway Plaza office complex in Houston, Texas.
December 12, 2014
10:01 EDTBDNOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:12 EDTBDNBrandywine Realty initiated with a Neutral at DA Davidson
Subscribe for More Information
December 4, 2014
16:22 EDTCUZCousins Properties signs Veritiv at Northpark Town Center
Subscribe for More Information
07:13 EDTCUZCousins Properties decline likely overdone, says SunTrust
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use