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Stock Market & Financial Investment News

News Breaks
January 3, 2013
06:40 EDTSPG, GGP, BAMPershing Square no longer thinks General Growth should consider sale
Pershing Square disclosed an 8.0% stake in General Growth (GGP) and said that when it filed its original stake in the company on October 24, 2011, its intent was to have conversations with Simon Property Group (SPG) in respect of SPG's interest in acquiring General Growth. Since SPG has chosen not to go forward with that or any other potential transaction with the General Growth, and Brookfield Asset Management (BAM) has subsequently agreed to modify Brookfield’s governance arrangements with the company, Pershing Square said it no longer believes that the General Growth should consider a sale and should therefore remain an independent publicly traded corporation. Furthermore, Pershing Square said it is satisfied with the board’s oversight of the company and therefore intend to return to their status as passive shareholders of the company. Consequently, Pershing Square terminated its activist investor filing and filed a Schedule 13G, reflecting a passive stake.
News For GGP;SPG;BAM From The Last 14 Days
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November 19, 2014
10:19 EDTSPGSimon Property looking to force transaction with Macerich, says Wells Fargo
Wells Fargo believes Simon Property Group (SPG) disclosed its 3.6% stake in Macerich (MAC) and requested a waiver from Macerich's 5% ownership limit since it is likely looking to force a transaction. However, Wells does not believe Macerich management is interested in a sale at this time and that this may remain an ongoing conversation "well into" 2015. The firm has an Outperform rating on Simon.
08:38 EDTSPGSimon Property discloses ownership stake in Macerich
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November 12, 2014
10:00 EDTSPG, GGPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advent Software (ADVS) initiated with a Neutral at BofA/Merrill... Agios Pharmaceuticals (AGIO) initiated with a Buy at Canaccord... Ashford Hospitality (AHT) initiated with a Neutral at Credit Suisse... AvalonBay (AVB) initiated with a Neutral at Credit Suisse... Berkshire Hills Bancorp (BHLB) initiated with a Buy at Compass Point... Boston Properties (BXP) initiated with an Outperform at Credit Suisse... Brandywine Realty (BDN) initiated with a Neutral at Credit Suisse... Brookline Bancorp (BRKL) initiated with a Neutral at Compass Point... CNH Industrial (CNHI) initiated with an Underperform at Macquarie... Camden Property (CPT) initiated with a Neutral at Credit Suisse... Care.com (CRCM) initiated with a Buy at Craig-Hallum... Corporate Office Properties (OFC) initiated with an Underperform at Credit Suisse... DCT Industrial (DCT) initiated with an Underperform at Credit Suisse... DDR Corp. (DDR) initiated with a Neutral at Credit Suisse... Demandware (DWRE) initiated with a Buy at Mizuho... DiamondRock (DRH) initiated with a Neutral at Credit Suisse... Douglas Emmett (DEI) initiated with a Neutral at Credit Suisse... EastGroup Properties (EGP) initiated with an Underperform at Credit Suisse... Equity One (EQY) initiated with a Neutral at Credit Suisse... Equity Residential (EQR) initiated with a Neutral at Credit Suisse... Essex Property Trust (ESS) initiated with a Neutral at Credit Suisse... Forest City (FCE.A) initiated with an Outperform at Credit Suisse... General Growth (GGP) initiated with a Neutral at Credit Suisse... Host Hotels (HST) initiated with a Neutral at Credit Suisse... Hudson Pacific (HPP) initiated with an Outperform at Credit Suisse... Kilroy Realty (KRC) initiated with an Underperform at Credit Suisse... Kimco Realty (KIM) initiated with an Outperform at Credit Suisse... LaSalle Hotel (LHO) initiated with an Outperform at Credit Suisse... Macerich (MAC) initiated with a Neutral at Credit Suisse... MasterCard (MA) initiated with a Hold at Topeka... NetApp (NTAP) initiated with a Buy at Maxim... Pebblebrook Hotel (PEB) initiated with an Outperform at Credit Suisse... Prologis (PLD) initiated with an Outperform at Credit Suisse... RLJ Lodging Trust (RLJ) initiated with an Outperform at Credit Suisse... Regency Centers (REG) initiated with a Neutral at Credit Suisse... Ryerson (RYI) initiated with a Buy at Deutsche Bank... SL Green Realty (SLG) initiated with an Underperform at Credit Suisse... Simon Property (SPG) initiated with an Outperform at Credit Suisse... Strategic Hotels (BEE) initiated with a Neutral at Credit Suisse... Sunstone Hotel (SHO) initiated with an Outperform at Credit Suisse... Taubman Centers (TCO) initiated with an Outperform at Credit Suisse... UDR, Inc. (UDR) initiated with a Neutral at Credit Suisse... VWR (VWR) initiated with a Neutral at Citigroup... VeriFone (PAY) initiated with a Buy at Topeka... Visa (V) initiated with a Hold at Topeka... Vornado (VNO) initiated with a Neutral at Credit Suisse... Westfield Financial (WFD) initiated with a Buy at Compass Point... XPO Logistics (XPO) initiated with an Outperform at Cowen.
November 11, 2014
16:11 EDTSPGSimon Property initiated with an Outperform at Credit Suisse
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16:11 EDTGGPGeneral Growth initiated with a Neutral at Credit Suisse
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