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21100.0 | 2017-03-02 00:00:00 UTC | Financial Sector Update for 03/02/2017: AAT | AAT | https://www.nasdaq.com/articles/financial-sector-update-03022017-aat-2017-03-02 | nan | nan | Top Financial Shares:
JPM: +0.3%
BAC: +0.7%
WFC: -0.1%
C: +0.1%
USB: flat
Financial shares were mixed in pre-market trade Thursday as official data showed a surprise drop in new jobless claims.
In financial stocks news, American Assets Trust ( AAT ) announced Thursday that it has closed a privately placed debt offering of $250 million of ten-year senior guaranteed notes. The Series D Notes are unsecured, will pay a fixed interest rate of 4.29% and are due on March 1, 2027.
Shares in the company were unchanged at $43.79. The stock has traded between $37.20 and $46.38 over the past 52 weeks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In financial stocks news, American Assets Trust ( AAT ) announced Thursday that it has closed a privately placed debt offering of $250 million of ten-year senior guaranteed notes. USB: flat Financial shares were mixed in pre-market trade Thursday as official data showed a surprise drop in new jobless claims. The Series D Notes are unsecured, will pay a fixed interest rate of 4.29% and are due on March 1, 2027. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In financial stocks news, American Assets Trust ( AAT ) announced Thursday that it has closed a privately placed debt offering of $250 million of ten-year senior guaranteed notes. Top Financial Shares: | In financial stocks news, American Assets Trust ( AAT ) announced Thursday that it has closed a privately placed debt offering of $250 million of ten-year senior guaranteed notes. USB: flat Financial shares were mixed in pre-market trade Thursday as official data showed a surprise drop in new jobless claims. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In financial stocks news, American Assets Trust ( AAT ) announced Thursday that it has closed a privately placed debt offering of $250 million of ten-year senior guaranteed notes. Top Financial Shares: The Series D Notes are unsecured, will pay a fixed interest rate of 4.29% and are due on March 1, 2027. |
21101.0 | 2017-01-12 00:00:00 UTC | Insiders Bullish on Certain Holdings of FRI | AAT | https://www.nasdaq.com/articles/insiders-bullish-certain-holdings-fri-2017-01-12 | nan | nan | A look at the weighted underlying holdings of the First Trust S&P REIT Index Fund ( FRI ) shows an impressive 11.0% of holdings on a weighted basis have experienced insider buying within the past six months.
Care Capital Properties Inc (Symbol: CCP), which makes up 0.26% of the First Trust S&P REIT Index Fund ( FRI ), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $630,960 worth of CCP, making it the #96 largest holding. The table below details the recent insider buying activity observed at CCP:
CCP - last trade: $25.23 - Recent Insider Buys:
And American Assets Trust Inc (Symbol: AAT), the #103 largest holding among components of the First Trust S&P REIT Index Fund ( FRI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $520,501 worth of AAT, which represents approximately 0.22% of the ETF's total assets at last check. The recent insider buying activity observed at AAT is detailed in the table below:
AAT - last trade: $43.01 - Recent Insider Buys:
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The table below details the recent insider buying activity observed at CCP: CCP - last trade: $25.23 - Recent Insider Buys: And American Assets Trust Inc (Symbol: AAT), the #103 largest holding among components of the First Trust S&P REIT Index Fund ( FRI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $520,501 worth of AAT, which represents approximately 0.22% of the ETF's total assets at last check. The recent insider buying activity observed at AAT is detailed in the table below: AAT - last trade: $43.01 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The table below details the recent insider buying activity observed at CCP: CCP - last trade: $25.23 - Recent Insider Buys: And American Assets Trust Inc (Symbol: AAT), the #103 largest holding among components of the First Trust S&P REIT Index Fund ( FRI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at AAT is detailed in the table below: AAT - last trade: $43.01 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds $520,501 worth of AAT, which represents approximately 0.22% of the ETF's total assets at last check. | The table below details the recent insider buying activity observed at CCP: CCP - last trade: $25.23 - Recent Insider Buys: And American Assets Trust Inc (Symbol: AAT), the #103 largest holding among components of the First Trust S&P REIT Index Fund ( FRI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at AAT is detailed in the table below: AAT - last trade: $43.01 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds $520,501 worth of AAT, which represents approximately 0.22% of the ETF's total assets at last check. | The table below details the recent insider buying activity observed at CCP: CCP - last trade: $25.23 - Recent Insider Buys: And American Assets Trust Inc (Symbol: AAT), the #103 largest holding among components of the First Trust S&P REIT Index Fund ( FRI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $520,501 worth of AAT, which represents approximately 0.22% of the ETF's total assets at last check. The recent insider buying activity observed at AAT is detailed in the table below: AAT - last trade: $43.01 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
21102.0 | 2016-12-07 00:00:00 UTC | American Assets Trust Breaks Above 200-Day Moving Average - Bullish for AAT | AAT | https://www.nasdaq.com/articles/american-assets-trust-breaks-above-200-day-moving-average-bullish-aat-2016-12-07 | nan | nan | In trading on Wednesday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $41.17, changing hands as high as $41.74 per share. American Assets Trust Inc shares are currently trading up about 3.9% on the day. The chart below shows the one year performance of AAT shares, versus its 200 day moving average:
Looking at the chart above, AAT's low point in its 52 week range is $34.07 per share, with $46.38 as the 52 week high point - that compares with a last trade of $41.71.
According to the ETF Finder at ETF Channel, AAT makes up 1.13% of the PowerShares S&P SmallCap Financials Portfolio ETF (Symbol: PSCF) which is trading higher by about 1.3% on the day Wednesday.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $41.17, changing hands as high as $41.74 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $34.07 per share, with $46.38 as the 52 week high point - that compares with a last trade of $41.71. According to the ETF Finder at ETF Channel, AAT makes up 1.13% of the PowerShares S&P SmallCap Financials Portfolio ETF (Symbol: PSCF) which is trading higher by about 1.3% on the day Wednesday. | In trading on Wednesday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $41.17, changing hands as high as $41.74 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $34.07 per share, with $46.38 as the 52 week high point - that compares with a last trade of $41.71. According to the ETF Finder at ETF Channel, AAT makes up 1.13% of the PowerShares S&P SmallCap Financials Portfolio ETF (Symbol: PSCF) which is trading higher by about 1.3% on the day Wednesday. | In trading on Wednesday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $41.17, changing hands as high as $41.74 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $34.07 per share, with $46.38 as the 52 week high point - that compares with a last trade of $41.71. According to the ETF Finder at ETF Channel, AAT makes up 1.13% of the PowerShares S&P SmallCap Financials Portfolio ETF (Symbol: PSCF) which is trading higher by about 1.3% on the day Wednesday. | In trading on Wednesday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $41.17, changing hands as high as $41.74 per share. According to the ETF Finder at ETF Channel, AAT makes up 1.13% of the PowerShares S&P SmallCap Financials Portfolio ETF (Symbol: PSCF) which is trading higher by about 1.3% on the day Wednesday. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $34.07 per share, with $46.38 as the 52 week high point - that compares with a last trade of $41.71. |
21103.0 | 2016-11-14 00:00:00 UTC | American Assets Trust Breaks Above 200-Day Moving Average - Bullish for AAT | AAT | https://www.nasdaq.com/articles/american-assets-trust-breaks-above-200-day-moving-average-bullish-aat-2016-11-14 | nan | nan | In trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $40.87, changing hands as high as $41.10 per share. American Assets Trust Inc shares are currently trading up about 2.6% on the day. The chart below shows the one year performance of AAT shares, versus its 200 day moving average:
Looking at the chart above, AAT's low point in its 52 week range is $34.07 per share, with $46.38 as the 52 week high point - that compares with a last trade of $41.03.
According to the ETF Finder at ETF Channel, AAT makes up 1.12% of the PowerShares S&P SmallCap Financials Portfolio ETF (Symbol: PSCF) which is trading higher by about 1.7% on the day Monday.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $40.87, changing hands as high as $41.10 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $34.07 per share, with $46.38 as the 52 week high point - that compares with a last trade of $41.03. According to the ETF Finder at ETF Channel, AAT makes up 1.12% of the PowerShares S&P SmallCap Financials Portfolio ETF (Symbol: PSCF) which is trading higher by about 1.7% on the day Monday. | In trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $40.87, changing hands as high as $41.10 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $34.07 per share, with $46.38 as the 52 week high point - that compares with a last trade of $41.03. According to the ETF Finder at ETF Channel, AAT makes up 1.12% of the PowerShares S&P SmallCap Financials Portfolio ETF (Symbol: PSCF) which is trading higher by about 1.7% on the day Monday. | In trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $40.87, changing hands as high as $41.10 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $34.07 per share, with $46.38 as the 52 week high point - that compares with a last trade of $41.03. According to the ETF Finder at ETF Channel, AAT makes up 1.12% of the PowerShares S&P SmallCap Financials Portfolio ETF (Symbol: PSCF) which is trading higher by about 1.7% on the day Monday. | In trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $40.87, changing hands as high as $41.10 per share. According to the ETF Finder at ETF Channel, AAT makes up 1.12% of the PowerShares S&P SmallCap Financials Portfolio ETF (Symbol: PSCF) which is trading higher by about 1.7% on the day Monday. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $34.07 per share, with $46.38 as the 52 week high point - that compares with a last trade of $41.03. |
21104.0 | 2016-11-10 00:00:00 UTC | American Assets Trust Inc (AAT) Chairman, CEO & President Ernest S Rady Bought $—. ... | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc-aat-chairman-ceo-president-ernest-s-rady-bought-2016-11-10 | nan | nan | Chairman, CEO & President of American Assets Trust Inc ( AAT ) Ernest S Rady bought 6…,……… shares of AAT on --/-…/-…-6 at an average price of $'9.55 a share. The total cost of this purchase was $-.4 million.
American Assets Trust Inc is a full service, vertically integrated and self-administered real estate investment trust. The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties. American Assets Trust Inc has a market cap of $-.78 billion; its shares were traded at around $'9.…5 with a P/E ratio of 55.8… and P/S ratio of 8.47. The dividend yield of American Assets Trust Inc stocks is -.55%. American Assets Trust Inc had an annual average EBITDA growth of 8.8…% over the past 5 years.
Warren Buffett Recent Buys
CEO Recent Trades:
Chairman, CEO & President, -…% Owner Ernest S Rady bought 6…,……… shares of AAT stock on --/-…/-…-6 at the average price of $'9.55. The price of the stock has decreased by -.-6% since.
Directors and Officers Recent Trades:
Director Duane Nelles bought -4,……… shares of AAT stock on --/…7/-…-6 at the average price of $'9.46. The price of the stock has decreased by -.…4% since.
For the complete insider trading history of AAT, click here
.
Read More:
Merck & Co Inc ( MRK ) Chairman, President & CEO Kenneth C Frazier Sold $9.- million of Shares
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Chairman, CEO & President of American Assets Trust Inc ( AAT ) Ernest S Rady bought 6…,……… shares of AAT on --/-…/-…-6 at an average price of $'9.55 a share. Warren Buffett Recent Buys CEO Recent Trades: Chairman, CEO & President, -…% Owner Ernest S Rady bought 6…,……… shares of AAT stock on --/-…/-…-6 at the average price of $'9.55. Directors and Officers Recent Trades: Director Duane Nelles bought -4,……… shares of AAT stock on --/…7/-…-6 at the average price of $'9.46. | Chairman, CEO & President of American Assets Trust Inc ( AAT ) Ernest S Rady bought 6…,……… shares of AAT on --/-…/-…-6 at an average price of $'9.55 a share. Warren Buffett Recent Buys CEO Recent Trades: Chairman, CEO & President, -…% Owner Ernest S Rady bought 6…,……… shares of AAT stock on --/-…/-…-6 at the average price of $'9.55. Directors and Officers Recent Trades: Director Duane Nelles bought -4,……… shares of AAT stock on --/…7/-…-6 at the average price of $'9.46. | Chairman, CEO & President of American Assets Trust Inc ( AAT ) Ernest S Rady bought 6…,……… shares of AAT on --/-…/-…-6 at an average price of $'9.55 a share. Warren Buffett Recent Buys CEO Recent Trades: Chairman, CEO & President, -…% Owner Ernest S Rady bought 6…,……… shares of AAT stock on --/-…/-…-6 at the average price of $'9.55. Directors and Officers Recent Trades: Director Duane Nelles bought -4,……… shares of AAT stock on --/…7/-…-6 at the average price of $'9.46. | Chairman, CEO & President of American Assets Trust Inc ( AAT ) Ernest S Rady bought 6…,……… shares of AAT on --/-…/-…-6 at an average price of $'9.55 a share. Warren Buffett Recent Buys CEO Recent Trades: Chairman, CEO & President, -…% Owner Ernest S Rady bought 6…,……… shares of AAT stock on --/-…/-…-6 at the average price of $'9.55. Directors and Officers Recent Trades: Director Duane Nelles bought -4,……… shares of AAT stock on --/…7/-…-6 at the average price of $'9.46. |
21105.0 | 2016-10-31 00:00:00 UTC | Retail REITs Q3 Earnings on Nov 1: AAT, RPT, REG, RPAI, TCO | AAT | https://www.nasdaq.com/articles/retail-reits-q3-earnings-on-nov-1%3A-aat-rpt-reg-rpai-tco-2016-10-31 | nan | nan | As we tread into another busy week of the current reporting cycle, a lot of activity can be noticed in the retail real estate investment trust (REIT) space. In fact, there is a deluge of Q3 earnings releases this week, with American Assets Trust, Inc.AAT , Ramco-Gershenson Properties TrustRPT , Regency Centers CorporationREG , Retail Properties of America, Inc.RPAI and Taubman Centers, Inc.TCO of the retail REIT category, reporting their numbers on Nov 1.
Industry top shots like Simon Property Group, Inc. SPG and Kimco Realty Corporation KIM have already announced their results last week. Simon Property reported a positive surprise of 0.75%, benefiting from growth in operating income and transformative redevelopments.
On the other hand, Kimco's improved results in the third quarter which included U.S. same-property net operating income (NOI) growth of 3.3% year-over-year. U.S. pro-rata rental-rate leasing spreads moved north 12.9%, with new leases and renewals/options increasing 26.6% and 7.8%, respectively.
Amid limited supply, demand for retail spaces continued to rise, with retailers combining online and bricks-and-mortar operations and retail landlords transforming their boring shopping hubs into entertainment zones. This is because even though online retailing has gathered momentum, customers still prefer spending time in retail centers for shopping, together with dining and entertaining activities.
In fact, retail availability rate tightened in many of the U.S. markets in the third quarter, according to a CBRE Group study . Nationally, average availability came in at 10.4% in the quarter under review, denoting a contraction of 20 bps sequentially and 50 bps from a year ago.
However, not every retail REIT is equally poised to beat earnings this season. Hence, we relied on the Zacks methodology for predicting a beat this quarter, combining a favorable Zacks Rank - Zacks Rank #1 (Strong Buy) or 2 (Buy) or 3 (Hold) - and a positive Earnings ESP , to predict the chances of a beat this quarter.
Our proprietary methodology - Earnings ESP - shows the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate. Research shows that with this combination of rank and ESP, chances of a positive earnings surprise are much high for the stocks.
Let's take a look at what's in store for these retail REITs which are slated to report their third-quarter earnings tomorrow.
American Assets, Inc. owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California, Oregon, Washington and Hawaii. With an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell); this stock is not poised for a beat this quarter as it lacks the right combination of Earnings ESP and favorable Zacks Rank as given above.
In fact, we caution against stocks with Zacks Rank #4 or #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
However, the stock has a mixed surprise history over the trailing four quarters, having exceeded estimates in one quarter, meeting in another and missing in the rest two occasions, as depicted in the chart below.
AMER ASSETS TR Price and EPS Surprise
AMER ASSETS TR Price and EPS Surprise | AMER ASSETS TR Quote
Ramco-Gershenson Properties Trust is engaged in the business of owning and managing large, multi-anchor shopping centers, primarily in a number of the largest-metropolitan markets in the central U.S. Though the stock has an Earnings ESP of 3.03%, which is a meaningful indicator of a likely positive surprise, its Zacks Rank #4, makes any beat unlikely this quarter.
Over the trailing four quarters, this stock has beat estimates in two and met in the other two, with an average positive surprise of 5.42%. This is shown in the chart below.
RAMCO-GERSHENSN Price and EPS Surprise
RAMCO-GERSHENSN Price and EPS Surprise | RAMCO-GERSHENSN Quote
Regency Centers Corporation is engaged in the ownership, operations and development of high-quality, grocery-anchored neighborhood and community shopping centers. Though it has a favorable Zacks Rank #3, its Earnings ESP of 0.00% makes surprise prediction difficult.
You can see the complete list of today's Zacks #1 Rank stocks here .
However, Regency has exceeded estimates in each of the four trailing quarters, with an average surprise of 4.89%.
REGENCY CTRS CP Price and EPS Surprise
REGENCY CTRS CP Price and EPS Surprise | REGENCY CTRS CP Quote
Retail Properties of America is engaged in the ownership and operations of high quality, strategically-located shopping centers in the U.S. The company has an Earnings ESP of -3.85% and a Zacks Rank #3. Though a favorable Zacks Rank increases the predictive power of ESP, a negative ESP itself lowers the chances of a beat this quarter.
Nevertheless, this stock has posted a positive average beat of 9.24% over the trailing four quarters, having beaten the Zacks Consensus Estimate in each of the four quarters, as demonstrated in the chart below.
RETAIL PROPERTS Price and EPS Surprise
RETAIL PROPERTS Price and EPS Surprise | RETAIL PROPERTS Quote
Taubman Centers is involved in the ownership, management and/or leasing of regional, super-regional and outlet shopping centers in the U.S. and Asia. Though the stock has a favorable Zacks Rank #3, a surprise prediction is difficult with an Earnings ESP of -1.12%.
Over the trailing four quarters, the stock has met estimates in three quarters and missed in the other one. It has an average positive surprise of 4.33%. This is shown in the graph below.
TAUBMAN CENTERS Price and EPS Surprise
TAUBMAN CENTERS Price and EPS Surprise | TAUBMAN CENTERS Quote
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In fact, there is a deluge of Q3 earnings releases this week, with American Assets Trust, Inc.AAT , Ramco-Gershenson Properties TrustRPT , Regency Centers CorporationREG , Retail Properties of America, Inc.RPAI and Taubman Centers, Inc.TCO of the retail REIT category, reporting their numbers on Nov 1. Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report REGENCY CTRS CP (REG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RAMCO-GERSHENSN (RPT): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report To read this article on Zacks.com click here. As we tread into another busy week of the current reporting cycle, a lot of activity can be noticed in the retail real estate investment trust (REIT) space. | Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report REGENCY CTRS CP (REG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RAMCO-GERSHENSN (RPT): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, there is a deluge of Q3 earnings releases this week, with American Assets Trust, Inc.AAT , Ramco-Gershenson Properties TrustRPT , Regency Centers CorporationREG , Retail Properties of America, Inc.RPAI and Taubman Centers, Inc.TCO of the retail REIT category, reporting their numbers on Nov 1. AMER ASSETS TR Price and EPS Surprise AMER ASSETS TR Price and EPS Surprise | AMER ASSETS TR Quote Ramco-Gershenson Properties Trust is engaged in the business of owning and managing large, multi-anchor shopping centers, primarily in a number of the largest-metropolitan markets in the central U.S. | Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report REGENCY CTRS CP (REG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RAMCO-GERSHENSN (RPT): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, there is a deluge of Q3 earnings releases this week, with American Assets Trust, Inc.AAT , Ramco-Gershenson Properties TrustRPT , Regency Centers CorporationREG , Retail Properties of America, Inc.RPAI and Taubman Centers, Inc.TCO of the retail REIT category, reporting their numbers on Nov 1. Hence, we relied on the Zacks methodology for predicting a beat this quarter, combining a favorable Zacks Rank - Zacks Rank #1 (Strong Buy) or 2 (Buy) or 3 (Hold) - and a positive Earnings ESP , to predict the chances of a beat this quarter. | In fact, there is a deluge of Q3 earnings releases this week, with American Assets Trust, Inc.AAT , Ramco-Gershenson Properties TrustRPT , Regency Centers CorporationREG , Retail Properties of America, Inc.RPAI and Taubman Centers, Inc.TCO of the retail REIT category, reporting their numbers on Nov 1. Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report REGENCY CTRS CP (REG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RAMCO-GERSHENSN (RPT): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report To read this article on Zacks.com click here. Though the stock has an Earnings ESP of 3.03%, which is a meaningful indicator of a likely positive surprise, its Zacks Rank #4, makes any beat unlikely this quarter. |
21106.0 | 2016-10-27 00:00:00 UTC | American Assets Trust is Oversold | AAT | https://www.nasdaq.com/articles/american-assets-trust-oversold-2016-10-27 | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks , according to a proprietary formula designed to identify those stocks that combine two important characteristics - strong fundamentals and a valuation that looks inexpensive. American Assets Trust Inc (Symbol: AAT) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $38.40 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of American Assets Trust Inc, the RSI reading has hit 27.4 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 48.6. A falling stock price - all else being equal - creates a better opportunity for dividend investors to capture a higher yield. Indeed, AAT's recent annualized dividend of 1.00/share (currently paid in quarterly installments) works out to an annual yield of 2.55% based upon the recent $39.34 share price.
A bullish investor could look at AAT's 27.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAT is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
According to the ETF Finder at ETF Channel, AAT makes up 1.05% of the PowerShares S&P SmallCap Financials Portfolio ETF (Symbol: PSCF) which is trading lower by about 0.4% on the day Thursday.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at AAT's 27.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. American Assets Trust Inc (Symbol: AAT) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $38.40 per share. | American Assets Trust Inc (Symbol: AAT) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $38.40 per share. Indeed, AAT's recent annualized dividend of 1.00/share (currently paid in quarterly installments) works out to an annual yield of 2.55% based upon the recent $39.34 share price. | American Assets Trust Inc (Symbol: AAT) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $38.40 per share. Indeed, AAT's recent annualized dividend of 1.00/share (currently paid in quarterly installments) works out to an annual yield of 2.55% based upon the recent $39.34 share price. | But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $38.40 per share. American Assets Trust Inc (Symbol: AAT) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. Indeed, AAT's recent annualized dividend of 1.00/share (currently paid in quarterly installments) works out to an annual yield of 2.55% based upon the recent $39.34 share price. |
21107.0 | 2016-09-28 00:00:00 UTC | Simon to Bring French Retailers at Stanford Shopping Center | AAT | https://www.nasdaq.com/articles/simon-to-bring-french-retailers-at-stanford-shopping-center-2016-09-28 | nan | nan | Simon Property Group Inc.SPG has made the announcement of the impending arrival of French high fashion luxury goods manufacturer Hermes and the French luxury goods conglomerate company Cartier, at the Stanford Shopping Center. This reflects the efforts of the Indianapolis, IN-based retail real estate investment trust ("REIT") to meet the requirements of the sophisticated clients that visit the center.
Simon Property is engaged in acquiring, owning and leasing a diverse portfolio of shopping malls. Stanford Shopping Center is a premier shopping and dining destination with presence of many top retailers. It offers excellent shopping experience to the visitors.
Hermes, which is slated to open in late 2017 or early 2018, will occupy a 6,000-square-foot area in the heart of the newly transformed center. Cartier will open this fall adjacent to Hermes. Notably, Stanford Shopping Center welcomed many top retailers during the summer of 2016.
SIMON PROPERTY Price
SIMON PROPERTY Price | SIMON PROPERTY Quote
Simon Property currently has a Zacks Rank #3 (Hold). Over the past 30 days, Simon Property's current quarter estimates have remained stable.
Equinix, Inc. EQIX currently sports a Zacks Rank #1 (Strong Buy). The long-term growth (3 to 5 years) is projected at 16.9%. You can see the complete list of today's Zacks #1 Rank stocks here .
Both American Assets Trust, Inc. AAT and EPR Properties EPR presently carry a Zacks Rank #2 (Buy). The long-term growth rates (3 to 5 years) of these two companies are projected at 6.3% and 7.1%, respectively.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Both American Assets Trust, Inc. AAT and EPR Properties EPR presently carry a Zacks Rank #2 (Buy). Click to get this free report EQUINIX INC (EQIX): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. This reflects the efforts of the Indianapolis, IN-based retail real estate investment trust ("REIT") to meet the requirements of the sophisticated clients that visit the center. | Click to get this free report EQUINIX INC (EQIX): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Both American Assets Trust, Inc. AAT and EPR Properties EPR presently carry a Zacks Rank #2 (Buy). Simon Property Group Inc.SPG has made the announcement of the impending arrival of French high fashion luxury goods manufacturer Hermes and the French luxury goods conglomerate company Cartier, at the Stanford Shopping Center. | Click to get this free report EQUINIX INC (EQIX): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Both American Assets Trust, Inc. AAT and EPR Properties EPR presently carry a Zacks Rank #2 (Buy). Simon Property Group Inc.SPG has made the announcement of the impending arrival of French high fashion luxury goods manufacturer Hermes and the French luxury goods conglomerate company Cartier, at the Stanford Shopping Center. | Both American Assets Trust, Inc. AAT and EPR Properties EPR presently carry a Zacks Rank #2 (Buy). Click to get this free report EQUINIX INC (EQIX): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Stanford Shopping Center is a premier shopping and dining destination with presence of many top retailers. |
21108.0 | 2016-09-21 00:00:00 UTC | Retail Properties Inks Deal to Buy One Loudoun Downtown | AAT | https://www.nasdaq.com/articles/retail-properties-inks-deal-to-buy-one-loudoun-downtown-2016-09-21 | nan | nan | Retail Properties of America, Inc.RPAI has signed a deal to acquire One Loudoun Downtown in the Washington, D.C. Metropolitan Statistical Area ("MSA") from Miller & Smith and North America Sekisui House, LLC. This acquisition would close in phases, for a gross price of up to $163.1 million, based on specific performance thresholds.
Anchored by Alamo Drafthouse Cinema, The Fresh Market, Great Gatherings and The Fitness Equation, the property also has a solid mix of fast, casual and sit-down restaurants. Its location in Ashburn, VA, with an affluent, well-educated neighborhood, makes it a premium property. Particularly, with a solid demographic profile - a population of 182,000 and average household income of $142,000 within a five-mile radius - the property is expected to experience high footfall.
In the first phase, around 342,000 square feet of space is involved and represents a purchase price of up to $125.0 million. This phase includes 236,800 square feet of retail and 105,200 square feet of office area that are 85.6% occupied and 89.7% leased. The first phase acquisition is slated to close by the end of 2016.
On the other hand, the remaining phases - representing a purchase price of up to $38.1 million - are presently under construction. These phases are likely to involve around 78,300 square feet of retail and approximately 46,300 square feet of office that are 71.0% leased. The remaining phases' acquisitions are planned throughout the first three quarters of 2017 as the seller concludes construction of the stand-alone buildings.
This buyout seems a strategic fit for Retail Properties as it would fortify the company's presence in the Washington, D.C. market. Also, with the property being the retail foundation of One Loudoun, which is a 360-acre, mixed-use master-planned community having entitlements for residential, hospitality, retail and office uses, there are solid chances of experiencing decent demand for space in the property from the tenants.
Retail Properties currently has a Zacks Rank #3 (Hold). A better-ranked stock in the REIT industry is InfraREIT, Inc. HIFR , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Retail Properties of America, Inc. Price
Price | Quote
Also, investors can consider stocks like American Assets Trust, Inc. AAT and EPR Properties EPR , both carrying the Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Retail Properties of America, Inc. Price Price | Quote Also, investors can consider stocks like American Assets Trust, Inc. AAT and EPR Properties EPR , both carrying the Zacks Rank #2 (Buy). Click to get this free report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report INFRAREIT INC (HIFR): Free Stock Analysis Report To read this article on Zacks.com click here. Anchored by Alamo Drafthouse Cinema, The Fresh Market, Great Gatherings and The Fitness Equation, the property also has a solid mix of fast, casual and sit-down restaurants. | Click to get this free report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report INFRAREIT INC (HIFR): Free Stock Analysis Report To read this article on Zacks.com click here. Retail Properties of America, Inc. Price Price | Quote Also, investors can consider stocks like American Assets Trust, Inc. AAT and EPR Properties EPR , both carrying the Zacks Rank #2 (Buy). This phase includes 236,800 square feet of retail and 105,200 square feet of office area that are 85.6% occupied and 89.7% leased. | Retail Properties of America, Inc. Price Price | Quote Also, investors can consider stocks like American Assets Trust, Inc. AAT and EPR Properties EPR , both carrying the Zacks Rank #2 (Buy). Click to get this free report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report INFRAREIT INC (HIFR): Free Stock Analysis Report To read this article on Zacks.com click here. Also, with the property being the retail foundation of One Loudoun, which is a 360-acre, mixed-use master-planned community having entitlements for residential, hospitality, retail and office uses, there are solid chances of experiencing decent demand for space in the property from the tenants. | Retail Properties of America, Inc. Price Price | Quote Also, investors can consider stocks like American Assets Trust, Inc. AAT and EPR Properties EPR , both carrying the Zacks Rank #2 (Buy). Click to get this free report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report INFRAREIT INC (HIFR): Free Stock Analysis Report To read this article on Zacks.com click here. In the first phase, around 342,000 square feet of space is involved and represents a purchase price of up to $125.0 million. |
21109.0 | 2016-09-19 00:00:00 UTC | PREIT Brings Saks Fifth Avenue OFF 5TH to Springfield | AAT | https://www.nasdaq.com/articles/preit-brings-saks-fifth-avenue-off-5th-to-springfield-2016-09-19 | nan | nan | Pennsylvania Real Estate Investment TrustPEI also known as PRIET, has announced the opening of the Saks Fifth Avenue OFF 5TH, the top-class destination for top designer brands at Town Center in Springfield, VA. This move is in line with the Philadelphia, PA-based retail real estate investment trust's ("REIT") strategy of enhancing the Springfield Town Center portfolio as well as to augment the quality of its overall portfolio.
Saks Fifth Avenue OFF 5TH occupies 30,000 square feet and marks PREIT's first mall location in Northern Virginia. This luxury value retailer with over 800 brands at up to 70% discount, will well complement the varied tenant mix Springfield Town Center.
PREIT is engaged in acquiring and holding investment interests in real estate. Notably, located in Fairfax County, Springfield Town Center was reopened in Oct 2014, in a grand ceremony. Since then, the center has added new and high-quality tenants, raising the footfall significantly. The latest addition is another feather in the cap for the center.
PENN RE INV TR Price
PENN RE INV TR Price | PENN RE INV TR Quote
Currently PREIT carries a Zacks Rank #3 (Hold).
Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. AAT , EPR Properties EPR and Weingarten Realty Investors WRI . All these stocks hold a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. AAT , EPR Properties EPR and Weingarten Realty Investors WRI . Click to get this free report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report WEINGARTEN RLTY (WRI): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Pennsylvania Real Estate Investment TrustPEI also known as PRIET, has announced the opening of the Saks Fifth Avenue OFF 5TH, the top-class destination for top designer brands at Town Center in Springfield, VA. | Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. AAT , EPR Properties EPR and Weingarten Realty Investors WRI . Click to get this free report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report WEINGARTEN RLTY (WRI): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. PENN RE INV TR Price PENN RE INV TR Price | PENN RE INV TR Quote Currently PREIT carries a Zacks Rank #3 (Hold). | Click to get this free report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report WEINGARTEN RLTY (WRI): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. AAT , EPR Properties EPR and Weingarten Realty Investors WRI . This move is in line with the Philadelphia, PA-based retail real estate investment trust's ("REIT") strategy of enhancing the Springfield Town Center portfolio as well as to augment the quality of its overall portfolio. | Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. AAT , EPR Properties EPR and Weingarten Realty Investors WRI . Click to get this free report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report WEINGARTEN RLTY (WRI): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. This luxury value retailer with over 800 brands at up to 70% discount, will well complement the varied tenant mix Springfield Town Center. |
21110.0 | 2016-09-16 00:00:00 UTC | Simon and General Growth Confirm Aeropostale Acquisition | AAT | https://www.nasdaq.com/articles/simon-and-general-growth-confirm-aeropostale-acquisition-2016-09-16 | nan | nan | Mall landlords Simon Property GroupSPG and General Growth PropertiesGGP together with brand development company Authentic Brands Group (ABG) announced that the acquisition of the apparel and accessories brand, Aeropostale, has been finalized. This is a landmark move in the history of the retail real estate market. It marks the takeover of a troubled retailer by its landlords, saving thousands of jobs.
The brand will be available in more than 700 retail doors globally. Specifically, over 400 stores in the U.S. and Canada, along with around 300 doors across Latin America, Europe, the Middle East and Southeast Asia will continue to offer the brand.
Moreover, there are solid scopes of growth for this brand in the long term. This is because, in addition to the expertise of the retail landlords, the brand would benefit from ABG's proven proficiency in brand building and licensing.
SIMON PROPERTY Price
SIMON PROPERTY Price | SIMON PROPERTY Quote
Also, according to the CEO of General Growth Properties, "Aéropostale has significant brand equity and the go-forward portfolio of stores generates more than $1 billion in global retail sales, over $800 million of which is from the U.S." This is encouraging for the retail landlords and builds up expectation for solid top-line contribution from the acquired entity.
GENL GRWTH PPTY Price
GENL GRWTH PPTY Price | GENL GRWTH PPTY Quote
The U.S. retail real estate market has been plagued with issues like downsizing and bankruptcies of retailers in recent years. This is because mall traffic continues to suffer amid rapid shift in customers' shopping preferences and patterns with online purchases growing by leaps and bounds. These have made the retailers reconsider their footprint and eventually opt for store closures in recent times. (Read: Retail REITs Dip on Macy's Store Closure Announcement ).
Aeropostale, too, struggled with cutthroat competition in the retail market and increasing rivalry from online channels and filed for bankruptcy in May this year. Amid this, this latest move marks a noble way for the mall landlords to retain the top-performing malls and avoid bulk store closures resulting from any liquidation move.
Currently, both Simon Property and General Growth carry a Zacks Rank #3 (Hold). A better-ranked stock in the REIT industry is InfraREIT, Inc. HIFR , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Also, investors can consider another stock - American Assets Trust, Inc. AAT - that has a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also, investors can consider another stock - American Assets Trust, Inc. AAT - that has a Zacks Rank #2 (Buy). Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report INFRAREIT INC (HIFR): Free Stock Analysis Report To read this article on Zacks.com click here. Specifically, over 400 stores in the U.S. and Canada, along with around 300 doors across Latin America, Europe, the Middle East and Southeast Asia will continue to offer the brand. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report INFRAREIT INC (HIFR): Free Stock Analysis Report To read this article on Zacks.com click here. Also, investors can consider another stock - American Assets Trust, Inc. AAT - that has a Zacks Rank #2 (Buy). SIMON PROPERTY Price SIMON PROPERTY Price | SIMON PROPERTY Quote Also, according to the CEO of General Growth Properties, "Aéropostale has significant brand equity and the go-forward portfolio of stores generates more than $1 billion in global retail sales, over $800 million of which is from the U.S." This is encouraging for the retail landlords and builds up expectation for solid top-line contribution from the acquired entity. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report INFRAREIT INC (HIFR): Free Stock Analysis Report To read this article on Zacks.com click here. Also, investors can consider another stock - American Assets Trust, Inc. AAT - that has a Zacks Rank #2 (Buy). SIMON PROPERTY Price SIMON PROPERTY Price | SIMON PROPERTY Quote Also, according to the CEO of General Growth Properties, "Aéropostale has significant brand equity and the go-forward portfolio of stores generates more than $1 billion in global retail sales, over $800 million of which is from the U.S." This is encouraging for the retail landlords and builds up expectation for solid top-line contribution from the acquired entity. | Also, investors can consider another stock - American Assets Trust, Inc. AAT - that has a Zacks Rank #2 (Buy). Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report INFRAREIT INC (HIFR): Free Stock Analysis Report To read this article on Zacks.com click here. SIMON PROPERTY Price SIMON PROPERTY Price | SIMON PROPERTY Quote Also, according to the CEO of General Growth Properties, "Aéropostale has significant brand equity and the go-forward portfolio of stores generates more than $1 billion in global retail sales, over $800 million of which is from the U.S." This is encouraging for the retail landlords and builds up expectation for solid top-line contribution from the acquired entity. |
21111.0 | 2016-09-13 00:00:00 UTC | Simon (SPG) to Bring Nobu and Fig & Olive at The Galleria | AAT | https://www.nasdaq.com/articles/simon-spg-to-bring-nobu-and-fig-olive-at-the-galleria-2016-09-13 | nan | nan | Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT") announced that two globally recognized restaurants, Nobu and Fig & Olive, will open shop at the premier shopping destination in The Galleria, Houston in 2017. Addition of Nobu - a globally recognized Japanese restaurant and Fig & Olive - a Mediterranean restaurant, is likely to meet the increased consumer demand for fine dining options at The Galleria.
Simon Property is engaged in acquiring, owning and leasing a diverse portfolio of shopping malls. The Galleria is the largest shopping center of Texas and spans over 2.4 million square feet. The center contains 400 fine stores and restaurants, two high-rise hotels, and three office towers. Opening of two exclusive restaurant brands at the center shows the commitment of Simon Property to offer shoppers a matchless shopping experience that includes fine retail stores and restaurants.
Nobu, respected for its Peruvian-Japanese fusion cuisine delicacy, will debut the first shop in Houston followed by a second in Texas, at The Galleria, in the fall of 2017. New York-based Fig & Olive will open the fashionable French Riviera fare at The Galleria in the fall of 2017.
SIMON PROPERTY Price
SIMON PROPERTY Price | SIMON PROPERTY Quote
Currently, Simon Property carries a Zacks Rank #3 (Hold).
Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. AAT , EPR Properties EPR and Weingarten Realty Investors WRI . All these stocks hold a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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SIMON PROPERTY (SPG): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. AAT , EPR Properties EPR and Weingarten Realty Investors WRI . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report WEINGARTEN RLTY (WRI): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT") announced that two globally recognized restaurants, Nobu and Fig & Olive, will open shop at the premier shopping destination in The Galleria, Houston in 2017. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report WEINGARTEN RLTY (WRI): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. AAT , EPR Properties EPR and Weingarten Realty Investors WRI . Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT") announced that two globally recognized restaurants, Nobu and Fig & Olive, will open shop at the premier shopping destination in The Galleria, Houston in 2017. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report WEINGARTEN RLTY (WRI): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. AAT , EPR Properties EPR and Weingarten Realty Investors WRI . Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT") announced that two globally recognized restaurants, Nobu and Fig & Olive, will open shop at the premier shopping destination in The Galleria, Houston in 2017. | Investors interested in the retail REIT sector can consider some better-ranked stocks like American Assets Trust, Inc. AAT , EPR Properties EPR and Weingarten Realty Investors WRI . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report WEINGARTEN RLTY (WRI): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT") announced that two globally recognized restaurants, Nobu and Fig & Olive, will open shop at the premier shopping destination in The Galleria, Houston in 2017. |
21112.0 | 2016-09-12 00:00:00 UTC | American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for September 13, 2016 | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc-aat-ex-dividend-date-scheduled-september-13-2016-2016-09-12 | nan | nan | American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on September 13, 2016. A cash dividend payment of $0.25 per share is scheduled to be paid on September 29, 2016. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AAT has paid the same dividend. At the current stock price of $42.87, the dividend yield is 2.33%.
The previous trading day's last sale of AAT was $42.87, representing a -7.57% decrease from the 52 week high of $46.38 and a 25.83% increase over the 52 week low of $34.07.
AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). AAT's current earnings per share, an indicator of a company's profitability, is $.82. Zacks Investment Research reports AAT's forecasted earnings growth in 2016 as 5.82%, compared to an industry average of 4%.
For more information on the declaration, record and payment dates, visit the AAT Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAT through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAT as a top-10 holding:
PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV )
Guggenheim Russell 2000 Equal Weight ETF (EWRS).
The top-performing ETF of this group is XSLV with an increase of 8.31% over the last 100 days. It also has the highest percent weighting of AAT at 0.93%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports AAT's forecasted earnings growth in 2016 as 5.82%, compared to an industry average of 4%. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | AAT's current earnings per share, an indicator of a company's profitability, is $.82. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on September 13, 2016. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. The following ETF(s) have AAT as a top-10 holding: PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ) Guggenheim Russell 2000 Equal Weight ETF (EWRS). | AAT's current earnings per share, an indicator of a company's profitability, is $.82. The following ETF(s) have AAT as a top-10 holding: PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ) Guggenheim Russell 2000 Equal Weight ETF (EWRS). American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on September 13, 2016. |
21113.0 | 2016-08-01 00:00:00 UTC | AAT Crosses Above Average Analyst Target | AAT | https://www.nasdaq.com/articles/aat-crosses-above-average-analyst-target-2016-08-01 | nan | nan | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $45.67, changing hands for $45.88/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 3 different analyst targets contributing to that average for American Assets Trust Inc, but the average is just that - a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $42.00. And then on the other side of the spectrum one analyst has a target as high as $49.00. The standard deviation is $3.511.
But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $45.67/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $45.67 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover American Assets Trust Inc:
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com . Get the latest Zacks research report on AAT - FREE .
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $45.67, changing hands for $45.88/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $45.67/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $45.67 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $45.67, changing hands for $45.88/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $45.67/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $45.67 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | And so with AAT crossing above that average target price of $45.67/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $45.67 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $45.67, changing hands for $45.88/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $45.67, changing hands for $45.88/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $45.67/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $45.67 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? |
21114.0 | 2016-07-13 00:00:00 UTC | Insiders Seeing Green With AAT At New 52-Week High | AAT | https://www.nasdaq.com/articles/insiders-seeing-green-aat-new-52-week-high-2016-07-13 | nan | nan | In trading on Wednesday, shares of American Assets Trust Inc (Symbol: AAT) touched a new 52-week high of $44.52/share. That's a 30.67% rise, or $10.45 per share from the 52-week low of $34.07 set back on 02/11/2016. That means at today's intraday high, any investor who purchased AAT stock any time over the past 52 weeks has an unrealized gain, including company insiders.
Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, AAT has seen 2 different instances of insiders buying over the trailing six month period.
The chart below shows where AAT has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Wednesday, AAT shares are changing hands at $44.33/share, slightly below the new 52-week high.
Ten Bargains You Can Buy Cheaper Than The Insiders Did »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of American Assets Trust Inc (Symbol: AAT) touched a new 52-week high of $44.52/share. That means at today's intraday high, any investor who purchased AAT stock any time over the past 52 weeks has an unrealized gain, including company insiders. In afternoon trading on Wednesday, AAT shares are changing hands at $44.33/share, slightly below the new 52-week high. | In afternoon trading on Wednesday, AAT shares are changing hands at $44.33/share, slightly below the new 52-week high. In trading on Wednesday, shares of American Assets Trust Inc (Symbol: AAT) touched a new 52-week high of $44.52/share. That means at today's intraday high, any investor who purchased AAT stock any time over the past 52 weeks has an unrealized gain, including company insiders. | In trading on Wednesday, shares of American Assets Trust Inc (Symbol: AAT) touched a new 52-week high of $44.52/share. That means at today's intraday high, any investor who purchased AAT stock any time over the past 52 weeks has an unrealized gain, including company insiders. As summarized by the table below, AAT has seen 2 different instances of insiders buying over the trailing six month period. | In trading on Wednesday, shares of American Assets Trust Inc (Symbol: AAT) touched a new 52-week high of $44.52/share. That means at today's intraday high, any investor who purchased AAT stock any time over the past 52 weeks has an unrealized gain, including company insiders. As summarized by the table below, AAT has seen 2 different instances of insiders buying over the trailing six month period. |
21115.0 | 2016-06-22 00:00:00 UTC | Pioneer Investments' Largest Buys of the Last — Quarters | AAT | https://www.nasdaq.com/articles/pioneer-investments-largest-buys-last-quarters-2016-06-22 | nan | nan | Pioneer Investment Management operates in wide areas of investment vehicles: Mutual Funds, Single Manager Hedge Funds, Funds of Hedge Funds, Structured Products, Segregated and Managed Accounts, Institutional Funds. The firm has a portfolio composed of 502 stocks and in both fourth quarter 2015 and first quarter 2016 the fund bought shares in the following stocks:
Boeing Co. ( BA )
During the fourth quarter 2015, the fund increased its stake by 32.11% and by 2.28% in the first quarter 2016. The company together with its subsidiaries designs, develops, manufactures, sells and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services.
During the first quarter revenue grew 2% and non-GAAP earnings per shares decreased 12% from the same quarter of a year before. The company reported a 2% decrease for GAAP earnings per shares.
The largest shareholder among the gurus is T Rowe Price Equity Income Fund ( Trades , Portfolio ) with 0.49% of outstanding shares followed by Spiros Segalas ( Trades , Portfolio ) with 0.49%, PRIMECAP Management ( Trades , Portfolio ) with 0.29%, HOTCHKIS & WILEY with 0.2%, Joel Greenblatt ( Trades , Portfolio ) with 0.09%, Ken Fisher ( Trades , Portfolio ) with 0.03%, Mario Gabelli ( Trades , Portfolio ) with 0.03%, Ray Dalio ( Trades , Portfolio ) with 0.01%, Manning & Napier Advisors Inc. with 0.01% and Paul Tudor Jones ( Trades , Portfolio ) with 0.01%.
American Assets Trust Inc. ( AAT )
During the fourth quarter 2015, the firm increased its stake by 1.54% and increased it by 19.78% in the first quarter 2016. The fund currently holds 2.08% of outstanding shares of the company that is a full-service, vertically integrated and self-administered real estate investment trust. It owns, operates, acquires and develops retail, office, multifamily and mixed-use properties.
Funds from operations increased 5% from the first quarter of 2015. Same-store cash and GAAP NOI increased 7% and 5% from the same quarter of a year before.
Ron Baron ( Trades , Portfolio ) is the company's largest shareholder among the gurus with 2.08% of outstanding shares followed by Jim Simons ( Trades , Portfolio ) with 0.02% and JonesAA with 0.01%.
American Campus Communities Inc. ( ACC )
During fourth quarter 2015, the fund increased its stake by 5.24% and increased it by 3.37% during first quarter 2016. The fund currently holds 0.05% of outstanding shares of the company that owns, manages and develops student housing properties in the U.S. in terms of beds owned, developed and under management.
During the first quarter same store wholly owned net operating income increased 2.5% and revenue grew 2.3% from the same quarter of a year before.
The largest shareholder among the gurus is SimonsAA with 0.61% of outstanding shares followed by BaronAA with 0.58%, Chris Davis ( Trades , Portfolio ) with 0.37%, Manning & Napier Advisors with 0.11%, RS Investment Management ( Trades , Portfolio ) with 0.1%, JonesAA with 0.02% and FisherAA with 0.02%.
Alexander & Baldwin Inc.
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust Inc. ( AAT ) During the fourth quarter 2015, the firm increased its stake by 1.54% and increased it by 19.78% in the first quarter 2016. The company together with its subsidiaries designs, develops, manufactures, sells and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services. The fund currently holds 2.08% of outstanding shares of the company that is a full-service, vertically integrated and self-administered real estate investment trust. | American Assets Trust Inc. ( AAT ) During the fourth quarter 2015, the firm increased its stake by 1.54% and increased it by 19.78% in the first quarter 2016. Pioneer Investment Management operates in wide areas of investment vehicles: Mutual Funds, Single Manager Hedge Funds, Funds of Hedge Funds, Structured Products, Segregated and Managed Accounts, Institutional Funds. The largest shareholder among the gurus is T Rowe Price Equity Income Fund ( Trades , Portfolio ) with 0.49% of outstanding shares followed by Spiros Segalas ( Trades , Portfolio ) with 0.49%, PRIMECAP Management ( Trades , Portfolio ) with 0.29%, HOTCHKIS & WILEY with 0.2%, Joel Greenblatt ( Trades , Portfolio ) with 0.09%, Ken Fisher ( Trades , Portfolio ) with 0.03%, Mario Gabelli ( Trades , Portfolio ) with 0.03%, Ray Dalio ( Trades , Portfolio ) with 0.01%, Manning & Napier Advisors Inc. with 0.01% and Paul Tudor Jones ( Trades , Portfolio ) with 0.01%. | American Assets Trust Inc. ( AAT ) During the fourth quarter 2015, the firm increased its stake by 1.54% and increased it by 19.78% in the first quarter 2016. Pioneer Investment Management operates in wide areas of investment vehicles: Mutual Funds, Single Manager Hedge Funds, Funds of Hedge Funds, Structured Products, Segregated and Managed Accounts, Institutional Funds. The firm has a portfolio composed of 502 stocks and in both fourth quarter 2015 and first quarter 2016 the fund bought shares in the following stocks: Boeing Co. ( BA ) During the fourth quarter 2015, the fund increased its stake by 32.11% and by 2.28% in the first quarter 2016. | American Assets Trust Inc. ( AAT ) During the fourth quarter 2015, the firm increased its stake by 1.54% and increased it by 19.78% in the first quarter 2016. Funds from operations increased 5% from the first quarter of 2015. During the first quarter same store wholly owned net operating income increased 2.5% and revenue grew 2.3% from the same quarter of a year before. |
21116.0 | 2016-06-07 00:00:00 UTC | American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for June 08, 2016 | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc-aat-ex-dividend-date-scheduled-june-08-2016-2016-06-07 | nan | nan | American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on June 08, 2016. A cash dividend payment of $0.25 per share is scheduled to be paid on June 24, 2016. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that AAT has paid the same dividend. At the current stock price of $40.98, the dividend yield is 2.44%.
The previous trading day's last sale of AAT was $40.98, representing a -6.42% decrease from the 52 week high of $43.79 and a 20.28% increase over the 52 week low of $34.07.
AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). AAT's current earnings per share, an indicator of a company's profitability, is $.85. Zacks Investment Research reports AAT's forecasted earnings growth in 2016 as 6.25%, compared to an industry average of 5.9%.
For more information on the declaration, record and payment dates, visit the AAT Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports AAT's forecasted earnings growth in 2016 as 6.25%, compared to an industry average of 5.9%. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | AAT's current earnings per share, an indicator of a company's profitability, is $.85. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on June 08, 2016. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that AAT has paid the same dividend. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on June 08, 2016. This marks the 3rd quarter that AAT has paid the same dividend. |
21117.0 | 2016-06-06 00:00:00 UTC | Ex-Dividend Reminder: Travelers Companies, American Assets Trust and Popular | AAT | https://www.nasdaq.com/articles/ex-dividend-reminder-travelers-companies-american-assets-trust-and-popular-2016-06-06 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 6/8/16, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Popular Inc. (Symbol: BPOP) will all trade ex-dividend for their respective upcoming dividends. Travelers Companies Inc will pay its quarterly dividend of $0.67 on 6/30/16, American Assets Trust Inc will pay its quarterly dividend of $0.25 on 6/24/16, and Popular Inc. will pay its quarterly dividend of $0.15 on 7/1/16. As a percentage of TRV's recent stock price of $114.93, this dividend works out to approximately 0.58%, so look for shares of Travelers Companies Inc to trade 0.58% lower - all else being equal - when TRV shares open for trading on 6/8/16. Similarly, investors should look for AAT to open 0.60% lower in price and for BPOP to open 0.49% lower, all else being equal.
Below are dividend history charts for TRV, AAT, and BPOP, showing historical dividends prior to the most recent ones declared.
Travelers Companies Inc (Symbol: TRV) :
American Assets Trust Inc (Symbol: AAT) :
Popular Inc. (Symbol: BPOP) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.33% for Travelers Companies Inc , 2.41% for American Assets Trust Inc, and 1.94% for Popular Inc..
In Monday trading, Travelers Companies Inc shares are currently up about 0.3%, American Assets Trust Inc shares are up about 0.5%, and Popular Inc. shares are up about 0.6% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel , on 6/8/16, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Popular Inc. (Symbol: BPOP) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAT to open 0.60% lower in price and for BPOP to open 0.49% lower, all else being equal. Below are dividend history charts for TRV, AAT, and BPOP, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel , on 6/8/16, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Popular Inc. (Symbol: BPOP) will all trade ex-dividend for their respective upcoming dividends. Travelers Companies Inc (Symbol: TRV) : American Assets Trust Inc (Symbol: AAT) : Popular Inc. (Symbol: BPOP) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 0.60% lower in price and for BPOP to open 0.49% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 6/8/16, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Popular Inc. (Symbol: BPOP) will all trade ex-dividend for their respective upcoming dividends. Travelers Companies Inc (Symbol: TRV) : American Assets Trust Inc (Symbol: AAT) : Popular Inc. (Symbol: BPOP) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 0.60% lower in price and for BPOP to open 0.49% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 6/8/16, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Popular Inc. (Symbol: BPOP) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAT to open 0.60% lower in price and for BPOP to open 0.49% lower, all else being equal. Below are dividend history charts for TRV, AAT, and BPOP, showing historical dividends prior to the most recent ones declared. |
21118.0 | 2016-05-27 00:00:00 UTC | Friday 5/27 Insider Buying Report: EW, AAT | AAT | https://www.nasdaq.com/articles/friday-527-insider-buying-report-ew-aat-2016-05-27 | nan | nan | As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Tuesday, Edwards Lifesciences ( EW )'s Director, Steven R. Loranger, made a $505,344 purchase of EW, buying 5,000 shares at a cost of $101.07 a piece. Bargain hunters are able to pick up EW at a price even lower than Loranger did, with the stock changing hands as low as $99.27 at last check today -- that's 1.8% under Loranger's purchase price. Edwards Lifesciences is trading off about 0.1% on the day Friday. This buy marks the first one filed by Loranger in the past year.
And on Thursday, Director Duane Nelles bought $278,307 worth of American Assets Trust ( AAT ), buying 7,000 shares at a cost of $39.76 each. Before this latest buy, Nelles made one other buy in the past twelve months, purchasing $435,027 shares for a cost of $39.55 each. American Assets Trust is trading up about 1.4% on the day Friday. So far Nelles is in the green, up about 1.9% on their buy based on today's trading high of $40.51.
VIDEO: Friday 5/27 Insider Buying Report: EW, AAT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | And on Thursday, Director Duane Nelles bought $278,307 worth of American Assets Trust ( AAT ), buying 7,000 shares at a cost of $39.76 each. VIDEO: Friday 5/27 Insider Buying Report: EW, AAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Bargain hunters are able to pick up EW at a price even lower than Loranger did, with the stock changing hands as low as $99.27 at last check today -- that's 1.8% under Loranger's purchase price. | And on Thursday, Director Duane Nelles bought $278,307 worth of American Assets Trust ( AAT ), buying 7,000 shares at a cost of $39.76 each. VIDEO: Friday 5/27 Insider Buying Report: EW, AAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. On Tuesday, Edwards Lifesciences ( EW )'s Director, Steven R. Loranger, made a $505,344 purchase of EW, buying 5,000 shares at a cost of $101.07 a piece. | VIDEO: Friday 5/27 Insider Buying Report: EW, AAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And on Thursday, Director Duane Nelles bought $278,307 worth of American Assets Trust ( AAT ), buying 7,000 shares at a cost of $39.76 each. On Tuesday, Edwards Lifesciences ( EW )'s Director, Steven R. Loranger, made a $505,344 purchase of EW, buying 5,000 shares at a cost of $101.07 a piece. | And on Thursday, Director Duane Nelles bought $278,307 worth of American Assets Trust ( AAT ), buying 7,000 shares at a cost of $39.76 each. VIDEO: Friday 5/27 Insider Buying Report: EW, AAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. On Tuesday, Edwards Lifesciences ( EW )'s Director, Steven R. Loranger, made a $505,344 purchase of EW, buying 5,000 shares at a cost of $101.07 a piece. |
21119.0 | 2016-03-08 00:00:00 UTC | American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for March 09, 2016 | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc-aat-ex-dividend-date-scheduled-march-09-2016-2016-03-08 | nan | nan | American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on March 09, 2016. A cash dividend payment of $0.25 per share is scheduled to be paid on March 25, 2016. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 7.53% increase over the same period a year ago.
The previous trading day's last sale of AAT was $38.09, representing a -15.36% decrease from the 52 week high of $45 and a 11.8% increase over the 52 week low of $34.07.
AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and Public Storage ( PSA ). AAT's current earnings per share, an indicator of a company's profitability, is $.84. Zacks Investment Research reports AAT's forecasted earnings growth in 2016 as 6.25%, compared to an industry average of 6.4%.
For more information on the declaration, record and payment dates, visit the AAT Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and Public Storage ( PSA ). Zacks Investment Research reports AAT's forecasted earnings growth in 2016 as 6.25%, compared to an industry average of 6.4%. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on March 09, 2016. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAT was $38.09, representing a -15.36% decrease from the 52 week high of $45 and a 11.8% increase over the 52 week low of $34.07. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on March 09, 2016. The previous trading day's last sale of AAT was $38.09, representing a -15.36% decrease from the 52 week high of $45 and a 11.8% increase over the 52 week low of $34.07. |
21120.0 | 2015-12-04 00:00:00 UTC | American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for December 07, 2015 | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc-aat-ex-dividend-date-scheduled-december-07-2015-2015-12-04 | nan | nan | American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on December 07, 2015. A cash dividend payment of $0.25 per share is scheduled to be paid on December 23, 2015. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 7.53% increase over the prior quarter. At the current stock price of $38.31, the dividend yield is 2.61%.
The previous trading day's last sale of AAT was $38.31, representing a -15.04% decrease from the 52 week high of $45.09 and a 2.79% increase over the 52 week low of $37.27.
AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). AAT's current earnings per share, an indicator of a company's profitability, is $.84. Zacks Investment Research reports AAT's forecasted earnings growth in 2015 as 8.8%, compared to an industry average of 5.7%.
For more information on the declaration, record and payment dates, visit the AAT Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports AAT's forecasted earnings growth in 2015 as 8.8%, compared to an industry average of 5.7%. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | AAT's current earnings per share, an indicator of a company's profitability, is $.84. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on December 07, 2015. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAT was $38.31, representing a -15.04% decrease from the 52 week high of $45.09 and a 2.79% increase over the 52 week low of $37.27. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. AAT's current earnings per share, an indicator of a company's profitability, is $.84. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on December 07, 2015. |
21121.0 | 2015-11-11 00:00:00 UTC | Simon Property Group (SPG) Offers Euro-Denominated Notes | AAT | https://www.nasdaq.com/articles/simon-property-group-spg-offers-euro-denominated-notes-2015-11-11 | nan | nan | Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT"), recently announced an offering of Euro-denominated notes. This is expected to lend further flexibility to the already sturdy balance sheet of Simon Property.
Specifically, Simon International Finance, S.C.A., the indirect wholly owned subsidiary of Simon Property, agreed to sell €750 million in principal amount of its 1.375% unsecured notes. The notes, due on 2022, will be sold to individuals outside the U.S. in compliance with the Securities Act of 1933. Simon International Finance, S.C.A. intends to utilize the net proceeds for reducing Euro-denominated borrowings as well as for general corporate purposes.
Notably, Simon Property is engaged in acquiring, owning and leasing a diverse portfolio of shopping malls. The company's real estate platforms in the U.S. consist of Malls, Premium Outlets, The Mills and other properties.
In third-quarter 2015, the company reported funds from operations ("FFO") of $2.54 per share, which beat the Zacks Consensus Estimate of $2.46. Further, the bottom line comfortably exceeded the prior-year tally of $1.90 per share. The year-over-year improvement was primarily driven by growth in comparable net operating income ("NOI").
Other major retail REITs include Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL .
Note: Funds from operations, a widely accepted and reported measure of REITs performance, are derived by adding depreciation, amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other major retail REITs include Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT"), recently announced an offering of Euro-denominated notes. | Other major retail REITs include Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT"), recently announced an offering of Euro-denominated notes. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Other major retail REITs include Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT"), recently announced an offering of Euro-denominated notes. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Other major retail REITs include Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . Click to get this free report >> Want the latest recommendations from Zacks Investment Research? |
21122.0 | 2015-11-05 00:00:00 UTC | Federal Realty's (FRT) Q3 FFO & Revenues Beat, Up Y/Y | AAT | https://www.nasdaq.com/articles/federal-realtys-frt-q3-ffo-revenues-beat-up-y-y-2015-11-05 | nan | nan | Federal Realty Investment TrustFRT posted third-quarter 2015 funds from operations ("FFO") per share of $1.36, which surpassed the Zacks Consensus Estimate of $1.34 and came higher than the year-ago tally of $1.23. Improved same-store portfolio performance aided the results.
Total revenue for the quarter grew 8.4% year over year to $185.3 million. Further, the top line surpassed the Zacks Consensus Estimate of $183 million.
Inside the Headlines
During the third quarter, Federal Realty inked 95 lease deals for 560,884 square feet of retail space. As of Sep 30, 2015, the company's overall portfolio was 95.5% leased, down 10 basis points (bps) year over year.
On a comparable-space basis (spaces for which a former tenant was there), Federal Realty leased 478,411 square feet, at an average cash-basis contractual rent escalation of 19% per square foot. Rent increases (GAAP basis) for comparable retail space averaged at 33% per square foot.
Same-center property operating income (including redevelopments) improved 4.2% year over year in the quarter. As of Sep 30, 2015, Federal Realty's same-center portfolio was 96.0% leased, down 30 bps year over year.
Subsequent to the quarter-end, Federal Realty acquired 85% interest in The Shops at Sunset Place, in South Miami, FL for $110.2 million.
Federal Realty exited the third quarter with cash and cash equivalents of approximately $12.9 million, down from $48 million at the end of Dec 2014.
2015 Guidance
Federal Realty has raised its FFO guidance for 2015 to a range of $5.30-$5.33 from the prior projection of $5.29-$5.33. The Zacks Consensus Estimate for 2015 FFO is currently pegged at $5.29.
Dividend Update
Concurrent with the earnings release, Federal Realty declared a quarterly dividend of 94 cents. The dividend will be paid on Jan 15, 2016 to shareholders of record as of Jan 4.
Our Take
Federal Realty's portfolio of Class A shopping centers, along with a diversified tenant base comprising grocery stores and low-end discount retailers, positions it well for growth. Additionally, the company's focus on exploring expansion opportunities in premium markets, which generate income growth as well as long-term value, bodes well for its future.
Federal Realty currently carries a Zacks Rank #3 (Hold). Investors interested in the retail REIT industry may consider stocks like STORE Capital Corporation STOR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . While STORE Capital sports a Zacks Rank #1 (Strong Buy), both Agree Realty and American Assets Trust carry a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like STORE Capital Corporation STOR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report FED RLTY INV (FRT): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report STORE CAPITAL (STOR): Free Stock Analysis Report To read this article on Zacks.com click here. Federal Realty Investment TrustFRT posted third-quarter 2015 funds from operations ("FFO") per share of $1.36, which surpassed the Zacks Consensus Estimate of $1.34 and came higher than the year-ago tally of $1.23. | Investors interested in the retail REIT industry may consider stocks like STORE Capital Corporation STOR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report FED RLTY INV (FRT): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report STORE CAPITAL (STOR): Free Stock Analysis Report To read this article on Zacks.com click here. While STORE Capital sports a Zacks Rank #1 (Strong Buy), both Agree Realty and American Assets Trust carry a Zacks Rank #2 (Buy). | Click to get this free report FED RLTY INV (FRT): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report STORE CAPITAL (STOR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like STORE Capital Corporation STOR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Federal Realty Investment TrustFRT posted third-quarter 2015 funds from operations ("FFO") per share of $1.36, which surpassed the Zacks Consensus Estimate of $1.34 and came higher than the year-ago tally of $1.23. | Click to get this free report FED RLTY INV (FRT): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report STORE CAPITAL (STOR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like STORE Capital Corporation STOR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Same-center property operating income (including redevelopments) improved 4.2% year over year in the quarter. |
21123.0 | 2015-11-04 00:00:00 UTC | American Assets Trust Breaks Below 200-Day Moving Average - Notable for AAT | AAT | https://www.nasdaq.com/articles/american-assets-trust-breaks-below-200-day-moving-average-notable-aat-2015-11-04 | nan | nan | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed below their 200 day moving average of $41.23, changing hands as low as $40.79 per share. American Assets Trust, Inc. shares are currently trading off about 2.6% on the day. The chart below shows the one year performance of AAT shares, versus its 200 day moving average:
Looking at the chart above, AAT's low point in its 52 week range is $37.27 per share, with $45.09 as the 52 week high point - that compares with a last trade of $41.05.
According to the ETF Finder at ETF Channel, AAT makes up 1.01% of the Guggenheim S&P SmallCap 600 Pure Growth ETF (Symbol: RZG) which is trading lower by about 0.3% on the day Wednesday.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed below their 200 day moving average of $41.23, changing hands as low as $40.79 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $37.27 per share, with $45.09 as the 52 week high point - that compares with a last trade of $41.05. According to the ETF Finder at ETF Channel, AAT makes up 1.01% of the Guggenheim S&P SmallCap 600 Pure Growth ETF (Symbol: RZG) which is trading lower by about 0.3% on the day Wednesday. | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed below their 200 day moving average of $41.23, changing hands as low as $40.79 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $37.27 per share, with $45.09 as the 52 week high point - that compares with a last trade of $41.05. According to the ETF Finder at ETF Channel, AAT makes up 1.01% of the Guggenheim S&P SmallCap 600 Pure Growth ETF (Symbol: RZG) which is trading lower by about 0.3% on the day Wednesday. | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed below their 200 day moving average of $41.23, changing hands as low as $40.79 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $37.27 per share, with $45.09 as the 52 week high point - that compares with a last trade of $41.05. According to the ETF Finder at ETF Channel, AAT makes up 1.01% of the Guggenheim S&P SmallCap 600 Pure Growth ETF (Symbol: RZG) which is trading lower by about 0.3% on the day Wednesday. | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed below their 200 day moving average of $41.23, changing hands as low as $40.79 per share. According to the ETF Finder at ETF Channel, AAT makes up 1.01% of the Guggenheim S&P SmallCap 600 Pure Growth ETF (Symbol: RZG) which is trading lower by about 0.3% on the day Wednesday. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $37.27 per share, with $45.09 as the 52 week high point - that compares with a last trade of $41.05. |
21124.0 | 2015-10-29 00:00:00 UTC | Mack-Cali (CLI) Tops Q3 FFO & Revenues, Raises '15 Outlook | AAT | https://www.nasdaq.com/articles/mack-cali-cli-tops-q3-ffo-revenues-raises-15-outlook-2015-10-29 | nan | nan | Mack-Cali Realty Corp.CLI reported third-quarter 2015 funds from operations ("FFO") per share of 51 cents, which came ahead of 48 cents recorded in the year-ago quarter. The Zacks Consensus Estimate for the same was pegged at 44 cents.
Results include non-recurring refinancing proceeds from a joint venture, net proceeds from real estate tax appeal, and separation costs incurred during the quarter. Excluding such items, Core FFO came in at 48 cents per share.
Total revenue declined 6% year over year to $146.2 million. However, it surpassed the Zacks Consensus Estimate of $144 million.
Quarter in Detail
During the quarter, Mack-Cali executed 94 lease deals spanning 955,570 square feet at its consolidated in-service commercial portfolio. This included 345,905 square feet of core properties, 177,820 square feet of office/flex space and 222,824 square feet of Waterfront properties. Of the total leased space, 361,000 square feet pertained to new lease deals; while 594,570 square feet consisted of lease renewals and other tenant retention deals.
As of Sep 30, 2015, the company's consolidated commercial in-service portfolio was 85.8% leased, up from 82.3% at the end of the prior quarter.
Liquidity
Mack-Cali exited the quarter with cash and cash equivalents of $30.9 million, considerably ahead of $19.8 million recorded at the end of the prior quarter. The company had total debt of $2.0 billion as of Sep 30, 2015, at par with the prior-quarter level. Weighted-average annual interest rate stood at 5.4%.
2015 Guidance Raised
For full-year 2015, Mack-Cali raised its FFO per share guidance. The company now expects FFO per share in the range of $1.83-$1.87, up from $1.70-$1.80 guided earlier. The Zacks Consensus Estimate of $1.77 for the same lies below the guided range.
At the same time, the company provided a preliminary outlook for 2016, wherein it expects FFO within $2.00-$2.10 per share.
Our Take
Mack-Cali's earnings improvement is encouraging. We believe the company retains adequate scope for growth, given its strong presence in high barrier-to-entry markets in the Northeast region, as well as diversification in the multi-family apartment sector. Yet, earnings-dilutive effects of disposition and an anticipated rise in interest rate remain as potential headwinds.
Mack-Cali currently carries a Zacks Rank #3 (Hold). We presently await the results of other REITs like General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT , which are scheduled to report next week.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | We presently await the results of other REITs like General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT , which are scheduled to report next week. Click to get this free report VORNADO RLTY TR (VNO): Free Stock Analysis Report MACK CALI CORP (CLI): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. We believe the company retains adequate scope for growth, given its strong presence in high barrier-to-entry markets in the Northeast region, as well as diversification in the multi-family apartment sector. | We presently await the results of other REITs like General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT , which are scheduled to report next week. Click to get this free report VORNADO RLTY TR (VNO): Free Stock Analysis Report MACK CALI CORP (CLI): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This included 345,905 square feet of core properties, 177,820 square feet of office/flex space and 222,824 square feet of Waterfront properties. | Click to get this free report VORNADO RLTY TR (VNO): Free Stock Analysis Report MACK CALI CORP (CLI): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. We presently await the results of other REITs like General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT , which are scheduled to report next week. Mack-Cali Realty Corp.CLI reported third-quarter 2015 funds from operations ("FFO") per share of 51 cents, which came ahead of 48 cents recorded in the year-ago quarter. | Click to get this free report VORNADO RLTY TR (VNO): Free Stock Analysis Report MACK CALI CORP (CLI): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. We presently await the results of other REITs like General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT , which are scheduled to report next week. Excluding such items, Core FFO came in at 48 cents per share. |
21125.0 | 2015-10-29 00:00:00 UTC | Duke Realty (DRE) Q3 FFO In Line, Dividend Hiked by 5.9% | AAT | https://www.nasdaq.com/articles/duke-realty-dre-q3-ffo-in-line-dividend-hiked-by-5.9-2015-10-29 | nan | nan | Duke Realty Corp.DRE reported third-quarter 2015 core funds from operations ("FFO") per share of 29 cents, which came in line with the Zacks Consensus Estimate and 3.3% below the prior-year quarter tally. The quarter witnessed a notable decline in revenues.
Total revenue for third-quarter 2015 was $234.5 million, down 10.4% year over year. The Zacks Consensus Estimate for the same was $206.5 million.
Quarter in Detail
Duke Realty leased around 4.4 million square feet of space in the quarter. Also, with a tenant retention rate of about 75%, the company experienced overall growth of 12.8% in renewal rental rate. Same-property net operating income climbed 3% on a year-over-year basis.
As of Sep 30, 2015, the company's overall portfolio occupancy was down 20 basis points (bps) to 93.3% on a sequential basis. In-service portfolio occupancy in bulk distribution portfolio declined 50 bps sequentially to 95.8%; while the same in medical office portfolio and suburban office portfolio rose 10 bps and 180 bps sequentially to 95.0% and 89.0%, respectively.
In third-quarter 2015, Duke Realty commenced 5 industrial projects, spanning 841,000 square feet and valued at $110 million. The company also entered into a 50% joint venture for a 100% leased industrial project, spread across 93,000 square feet. Further, the company divested assets worth $238 million.
Duke Realty exited the quarter with $175.9 million of cash and cash equivalents, up from $17.9 million as of Dec 31, 2014.
2015 Guidance
Duke Realty narrowed its 2015 guidance for core FFO per share to $1.15−$1.19 from the prior projection of $1.13−$1.19, and its adjusted FFO guidance to $1.00−$1.02 from the previous range of $0.98−$1.04. The Zacks Consensus Estimate of $1.18 falls within this range.
Further, the company raised the guidance range of land disposition proceeds to $100-$130 billion from the earlier expectation of $80-$120 million. On the other hand, it lowered guidance range for property acquisitions to $25-$50 million from $75-$150 million projected before.
Dividend Update
Concurrent with its earnings release, Duke Realty hiked its quarterly cash dividend on common stock by 5.9% to 18 cents per share. The third-quarter dividend will be paid on Nov 30 to shareholders of record as of Nov 16.
Additionally, the company announced a special cash dividend of 20 cents per share on its common stock, payable on Dec 15 to shareholders of record as of Nov 16.
Our Viewpoint
Duke Realty's initiatives to boost its exposure to industrial assets and presence of healthcare assets augur well for its long-term growth. Moreover, the company's strategically located high-quality properties, along with a leveraged local presence, are encouraging.
Nevertheless, operational risks related to large development pipeline, near-term dilutive effects of continued divestiture and an anticipated rise in interest rate in the near term continue to pose concerns before Duke Realty.
Currently, Duke Realty has a Zacks Rank #3 (Hold).
We now look forward to other REIT stocks that are scheduled to release third-quarter 2015 results next week. These include General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT .
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | These include General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT . Click to get this free report DUKE REALTY CP (DRE): Free Stock Analysis Report VORNADO RLTY TR (VNO): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Duke Realty Corp.DRE reported third-quarter 2015 core funds from operations ("FFO") per share of 29 cents, which came in line with the Zacks Consensus Estimate and 3.3% below the prior-year quarter tally. | These include General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT . Click to get this free report DUKE REALTY CP (DRE): Free Stock Analysis Report VORNADO RLTY TR (VNO): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Dividend Update Concurrent with its earnings release, Duke Realty hiked its quarterly cash dividend on common stock by 5.9% to 18 cents per share. | Click to get this free report DUKE REALTY CP (DRE): Free Stock Analysis Report VORNADO RLTY TR (VNO): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. These include General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT . Duke Realty Corp.DRE reported third-quarter 2015 core funds from operations ("FFO") per share of 29 cents, which came in line with the Zacks Consensus Estimate and 3.3% below the prior-year quarter tally. | These include General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT . Click to get this free report DUKE REALTY CP (DRE): Free Stock Analysis Report VORNADO RLTY TR (VNO): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Duke Realty Corp.DRE reported third-quarter 2015 core funds from operations ("FFO") per share of 29 cents, which came in line with the Zacks Consensus Estimate and 3.3% below the prior-year quarter tally. |
21126.0 | 2015-10-28 00:00:00 UTC | DDR Q3 Earnings Meet as Revenues Top, '15 Outlook Revised | AAT | https://www.nasdaq.com/articles/ddr-q3-earnings-meet-as-revenues-top-15-outlook-revised-2015-10-28 | nan | nan | DDR Corp. 's DDR third-quarter 2015 operating funds from operations ("FFO") per share of 31 cents came in line with the Zacks Consensus Estimate. The figure, however, improved 2 cents year over year. Notable leasing momentum, portfolio strengthening activity and rise in same-store net operating income ("NOI") aided the results.
Total revenue for the quarter grew 4.7% year over year to $248.9 million, outpacing the Zacks Consensus Estimate of $246.1 million.
Quarter in Detail
DDR inked 382 new leases and renewals for 2.9 million square feet of space. The company generated positive leasing spreads, with new leases rising 12.3% and renewals up 7.1% on a pro rata basis. Also, same-store NOI climbed 3.2% year over year on a pro rata basis.
As of Sep 30, 2015, the company's portfolio average annualized base rent per occupied square foot was $14.54, up 4% on a year-over-year basis. However, as of the same date, the company's portfolio was 95.8% leased, reflecting no sequential improvement.
During the quarter, DDR divested 21 assets worth $145 million at its share.
DDR exited third-quarter 2015 with $21 million of cash compared with $20.9 million as of Dec 31, 2014.
2015 Outlook
DDR narrowed its 2015 operating FFO guidance range to $1.21-$1.24 per share from the earlier expectation of $1.20-$1.25 per share. Notably, the company had provided the initial guidance for 2015 FFO per share on Jan 7, 2015. The Zacks Consensus Estimate of $1.22 for the same falls in this range.
To Conclude
DDR's solid portfolio of value-oriented shopping centers bodes well for the long term. At the same time, addition of premium assets to the company's high-end asset pool will not only strengthen its tenant base but also promises steady rental revenues for the company.
Also, we believe the company's strategy to reposition its overall portfolio by upgrading the quality of shopping centers strengthens its position among top U.S. Metropolitan Statistical Areas ("MSAs"). Besides, successful execution of its capital-recycling efforts is expected to drive growth.
However, increasing competition from other retail channels like catalogs and e-Commerce websites has become a major concern for this Zacks Rank #3 (Hold) stock.
We now look forward to other REIT stocks that are scheduled to release third-quarter 2015 results next week. These include General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT .
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | These include General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report VORNADO RLTY TR (VNO): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Notable leasing momentum, portfolio strengthening activity and rise in same-store net operating income ("NOI") aided the results. | Click to get this free report DDR CORP (DDR): Free Stock Analysis Report VORNADO RLTY TR (VNO): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. These include General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT . Notable leasing momentum, portfolio strengthening activity and rise in same-store net operating income ("NOI") aided the results. | Click to get this free report DDR CORP (DDR): Free Stock Analysis Report VORNADO RLTY TR (VNO): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. These include General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT . DDR Corp. 's DDR third-quarter 2015 operating funds from operations ("FFO") per share of 31 cents came in line with the Zacks Consensus Estimate. | Click to get this free report DDR CORP (DDR): Free Stock Analysis Report VORNADO RLTY TR (VNO): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. These include General Growth Properties, Inc GGP , Vornado Realty Trust VNO and American Assets Trust, Inc. AAT . DDR Corp. 's DDR third-quarter 2015 operating funds from operations ("FFO") per share of 31 cents came in line with the Zacks Consensus Estimate. |
21127.0 | 2015-10-15 00:00:00 UTC | DDR Prices Senior Unsecured Notes Worth $400 Million | AAT | https://www.nasdaq.com/articles/ddr-prices-senior-unsecured-notes-worth-%24400-million-2015-10-15 | nan | nan | DDR Corp.DDR , the Beachwood, OH-based retail real estate investment trust ("REIT"), recently announced the pricing of $400 million worth senior unsecured notes. This move is expected to lend flexibility to the company's balance sheet position, going forward.
The senior notes, bearing a rate of 4.250%, will be due in 2026. Interest payment on these notes will be made semiannually on Feb 1 and Aug 1 of each year, with the first payment due on Feb 1, 2016. DDR plans to utilize the proceeds generated from the offering to repay debts under its unsecured credit facility as well as meet general corporate needs. The latter may include repayment of secured and unsecured debts from time to time.
Further, the REIT may utilize the proceeds to meet cash obligations related to buyback, redemption or conversion of convertible senior notes due 2040. The offering is likely to close on or around Oct 21, 2015, subject to certain customary conditions.
DDR acquires, owns, develops, redevelops, leases and manages shopping centers, especially in high-growth areas of the U.S. In addition, the company engages in origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers.
DDR currently carries a Zacks Rank #3 (Hold).
Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . All three stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. DDR Corp.DDR , the Beachwood, OH-based retail real estate investment trust ("REIT"), recently announced the pricing of $400 million worth senior unsecured notes. | Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report DDR CORP (DDR): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . DDR Corp.DDR , the Beachwood, OH-based retail real estate investment trust ("REIT"), recently announced the pricing of $400 million worth senior unsecured notes. | Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. The senior notes, bearing a rate of 4.250%, will be due in 2026. |
21128.0 | 2015-10-14 00:00:00 UTC | Regency to Develop Phase II of CityLine Market in Texas | AAT | https://www.nasdaq.com/articles/regency-to-develop-phase-ii-of-cityline-market-in-texas-2015-10-14 | nan | nan | In a notable development, Regency Centers CorporationREG announced that it has closed the land for developing Phase II of the CityLine Market in Richardson, TX. Phase II, which is already fully leased, will feature the 12,900-square foot CVS Pharmacy, as well as a line up of new restaurants covering an area of 9,000 square feet. The development of Phase II, apart from adding to the appeal of the CityLine Market, is also expected to be accretive for the Jacksonville, FL-based retail real estate investment trust ("REIT") going forward.
Regency's portfolio mainly constitutes of grocery-anchored community and neighborhood centers. The REIT leases space in its shopping centers to grocery stores, major retail anchors, restaurants, side-shop retailers and service providers.
Phase II, which offers a unique blend of life, work and entertainment, aims to create value for the Richardson community. The restaurants set to join the market, namely, Super Chix, Pho is for Lovers and Piada Italian Street Food, will offer exquisite culinary varieties to the community.
We believe that development of Phase II of the CityLine Market in Richardson, TX, will attract huge traffic, thereby aiding Regency's prospects in the near term.
Regency currently carries a Zacks Rank #2 (Buy).
Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . All three stocks hold the same Zacks Rank as Regency.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. The development of Phase II, apart from adding to the appeal of the CityLine Market, is also expected to be accretive for the Jacksonville, FL-based retail real estate investment trust ("REIT") going forward. | Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . In a notable development, Regency Centers CorporationREG announced that it has closed the land for developing Phase II of the CityLine Market in Richardson, TX. | Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and CBL & Associates Properties Inc. CBL . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. The development of Phase II, apart from adding to the appeal of the CityLine Market, is also expected to be accretive for the Jacksonville, FL-based retail real estate investment trust ("REIT") going forward. |
21129.0 | 2015-10-12 00:00:00 UTC | Zacks Industry Outlook Highlights: Simon Property Group, American Assets Trust, CubeSmart and National Health Investors | AAT | https://www.nasdaq.com/articles/zacks-industry-outlook-highlights%3A-simon-property-group-american-assets-trust-cubesmart | nan | nan | Chicago, IL - October 12, 2015 - Today, Zacks Equity Research discusses the REITs, including Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ).
Industry: REITs
Link: http://www.zacks.com/commentary/58811/reit-industry-stock-outlook---oct-2015
After performing strongly through the end of last year, the real estate investment trust (REIT) space has lost ground this year, largely reflecting Fed-centric anxieties. The total return from the FTSE NAREIT All REIT Index decreased 1.45% as of Oct 5, 2015 as against a 27.15% positive return in 2014.
The group's weak recent performance notwithstanding, the outlook for REITs remains favorable. Fed uncertainty no doubt remains a dominant theme for the industry, but the central bank appears in no hurry to start the monetary policy normalization process, particularly following the recent bout of soft economic data.
Fed's Course on Rate Policy and REITs
Though the Fed held off from raising rates last month, it well kept alive hopes for a 2015 hike. However, since then, things have taken a U-turn with ISM numbers failing to meet expectations and the latest job numbers looking abysmal. This has caused many to suspect that the U.S. economy might have already started feeling the heat from the nagging global economic weakness. As a result, the expectation for a rate hike was further pushed back to 2016.
While the continuity of a low rate environment is now anticipated for an extended period, such an environment cannot be a perpetual one. Though REITs (those having shorter leasing periods) with the power to adjust their rent quickly to a rate hike look quite bankable, the individual market dynamics of different asset types owned and managed by the REITs would be needed the most for the stocks to excel.
After all, everything is not possible virtually, and one will eventually need "real space" for economic activities. For this special hybrid class, this is their most fundamental strength, and their ability to boost shareholders' value through steady dividend payouts makes them all the more attractive.
Dividends Still Standing Tall
The U.S. law requires REITs to distribute 90% of their annual taxable income in the form of dividends. And as of Jul 31, the dividend yield of the FTSE NAREIT All REITs Index was 4.14% while the yield of the FTSE NAREIT All Equity REITs Index was 3.70%. Clearly, the REITs continue to offer decent yields and outpaced the 2.07% dividend yield offered by the S&P 500 as of that date.
Capital Access
Moreover, REITs have been proactive in the capital market in recent years leveraging on the low rate environment to improve their financials. As of Jul 31, REITs raised $42.4 billion in initial, debt and equity capital offerings (IPOs - $1.4 billion, Secondary Common - $19.5 billion, Secondary Preferred - $1.8 billion and Secondary Debt - $19.7 billion). This indicates the rise in investors' confidence in this sector and their willingness to pour money into it.
Zacks Industry Rank - Positive
Based on the earnings outlook for the constituent companies in each industry, we rank all of the 260+ industries in the 16 Zacks sectors. To learn more visit: About Zacks Industry Rank .
As a guideline, the outlook for industries with a Zacks Industry Rank #88 and lower (the top one-third of the list) is 'Positive,' between #89 and #176 is 'Neutral,' and #177 and higher (the bottom one-third) is 'Negative.'
REITs are broadly grouped into the Finance sector (one of 16 Zacks sectors) and further sub-divided into four industries at the expanded level. Currently, the Zacks Industry Rank for REIT Equity Trust - Retail is #21, REIT Equity Trust - Residential is #26, REIT Equity Trust - Other is #76 and REIT Mortgage Trust is #209. This indicates that but for the mortgage REIT industry, the overall outlook for this space remains positive for the near term.
Earnings Trends
We have just concluded the third quarter and earnings releases are scheduled for the upcoming weeks. In the second quarter of 2015, the broader Finance sector, of which the REITs are part, experienced a growth of 7.2% year over year in earnings and 1.5% in revenue.
Finance is expected to have another positive quarter, with total earnings for the sector projected to move up 8.6% from the comparable period a year ago.
For more information about earnings for this sector and others, please read our ' Earnings Trends ' report.
How Will the Players Fare This Earnings Season?
With the third-quarter earnings season round the corner, a pretty good idea would be to look for the combination of favorable Zacks Rank and Earnings ESP .
Earnings ESP, which represents the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate, is a meaningful and leading indicator of a likely positive earnings surprise.
Notably, for a stock, when positive earnings surprise is accompanied with a Zacks Rank #1 (Strong Buy), #2 (Buy) and #3 (Hold), the chances for that stock to beat earnings in the upcoming quarter increases. Stocks like Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ) have such favorable combination.
However, one should avoid stocks with Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Chicago, IL - October 12, 2015 - Today, Zacks Equity Research discusses the REITs, including Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ). Stocks like Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ) have such favorable combination. Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report NATL HEALTH INV (NHI): Free Stock Analysis Report To read this article on Zacks.com click here. | Chicago, IL - October 12, 2015 - Today, Zacks Equity Research discusses the REITs, including Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ). Stocks like Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ) have such favorable combination. Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report NATL HEALTH INV (NHI): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report NATL HEALTH INV (NHI): Free Stock Analysis Report To read this article on Zacks.com click here. Chicago, IL - October 12, 2015 - Today, Zacks Equity Research discusses the REITs, including Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ). Stocks like Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ) have such favorable combination. | Chicago, IL - October 12, 2015 - Today, Zacks Equity Research discusses the REITs, including Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ). Stocks like Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ) have such favorable combination. Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report NATL HEALTH INV (NHI): Free Stock Analysis Report To read this article on Zacks.com click here. |
21130.0 | 2015-10-09 00:00:00 UTC | REIT Industry Stock Outlook - Oct. 2015 | AAT | https://www.nasdaq.com/articles/reit-industry-stock-outlook-oct.-2015-2015-10-09-0 | nan | nan | After performing strongly through the end of last year, the real estate investment trust (REIT) space has lost ground this year, largely reflecting Fed-centric anxieties. The total return from the FTSE NAREIT All REIT Index decreased 1.45% as of Oct 5, 2015 as against a 27.15% positive return in 2014.
The group's weak recent performance notwithstanding, the outlook for REITs remains favorable. Fed uncertainty no doubt remains a dominant theme for the industry, but the central bank appears in no hurry to start the monetary policy normalization process, particularly following the recent bout of soft economic data.
Fed's Course on Rate Policy and REITs
Though the Fed held off from raising rates last month, it well kept alive hopes for a 2015 hike. However, since then, things have taken a U-turn with ISM numbers failing to meet expectations and the latest job numbers looking abysmal. This has caused many to suspect that the U.S. economy might have already started feeling the heat from the nagging global economic weakness. As a result, the expectation for a rate hike was further pushed back to 2016.
While the continuity of a low rate environment is now anticipated for an extended period, such an environment cannot be a perpetual one. Though REITs (those having shorter leasing periods) with the power to adjust their rent quickly to a rate hike look quite bankable, the individual market dynamics of different asset types owned and managed by the REITs would be needed the most for the stocks to excel.
After all, everything is not possible virtually, and one will eventually need "real space" for economic activities. For this special hybrid class, this is their most fundamental strength, and their ability to boost shareholders' value through steady dividend payouts makes them all the more attractive.
Dividends Still Standing Tall
The U.S. law requires REITs to distribute 90% of their annual taxable income in the form of dividends. And as of Jul 31, the dividend yield of the FTSE NAREIT All REITs Index was 4.14% while the yield of the FTSE NAREIT All Equity REITs Index was 3.70%. Clearly, the REITs continue to offer decent yields and outpaced the 2.07% dividend yield offered by the S&P 500 as of that date.
Capital Access
Moreover, REITs have been proactive in the capital market in recent years leveraging on the low rate environment to improve their financials. As of Jul 31, REITs raised $42.4 billion in initial, debt and equity capital offerings (IPOs - $1.4 billion, Secondary Common - $19.5 billion, Secondary Preferred - $1.8 billion and Secondary Debt - $19.7 billion). This indicates the rise in investors' confidence in this sector and their willingness to pour money into it.
Zacks Industry Rank - Positive
Based on the earnings outlook for the constituent companies in each industry, we rank all of the 260+ industries in the 16 Zacks sectors. To learn more visit: About Zacks Industry Rank .
As a guideline, the outlook for industries with a Zacks Industry Rank #88 and lower (the top one-third of the list) is 'Positive,' between #89 and #176 is 'Neutral,' and #177 and higher (the bottom one-third) is 'Negative.'
REITs are broadly grouped into the Finance sector (one of 16 Zacks sectors) and further sub-divided into four industries at the expanded level. Currently, the Zacks Industry Rank for REIT Equity Trust - Retail is #21, REIT Equity Trust - Residential is #26, REIT Equity Trust - Other is #76 and REIT Mortgage Trust is #209. This indicates that but for the mortgage REIT industry, the overall outlook for this space remains positive for the near term.
Earnings Trends
We have just concluded the third quarter and earnings releases are scheduled for the upcoming weeks. In the second quarter of 2015, the broader Finance sector, of which the REITs are part, experienced a growth of 7.2% year over year in earnings and 1.5% in revenue.
Finance is expected to have another positive quarter, with total earnings for the sector projected to move up 8.6% from the comparable period a year ago.
For more information about earnings for this sector and others, please read our ' Earnings Trends ' report.
How Will the Players Fare This Earnings Season?
With the third-quarter earnings season round the corner, a pretty good idea would be to look for the combination of favorable Zacks Rank and Earnings ESP .
Earnings ESP, which represents the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate, is a meaningful and leading indicator of a likely positive earnings surprise.
Notably, for a stock, when positive earnings surprise is accompanied with a Zacks Rank #1 (Strong Buy), #2 (Buy) and #3 (Hold), the chances for that stock to beat earnings in the upcoming quarter increases. Stocks like Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ) have such favorable combination.
However, one should avoid stocks with Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks like Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ) have such favorable combination. Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report NATL HEALTH INV (NHI): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Fed uncertainty no doubt remains a dominant theme for the industry, but the central bank appears in no hurry to start the monetary policy normalization process, particularly following the recent bout of soft economic data. | Stocks like Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ) have such favorable combination. Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report NATL HEALTH INV (NHI): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. As of Jul 31, REITs raised $42.4 billion in initial, debt and equity capital offerings (IPOs - $1.4 billion, Secondary Common - $19.5 billion, Secondary Preferred - $1.8 billion and Secondary Debt - $19.7 billion). | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report NATL HEALTH INV (NHI): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks like Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ) have such favorable combination. Zacks Industry Rank - Positive Based on the earnings outlook for the constituent companies in each industry, we rank all of the 260+ industries in the 16 Zacks sectors. | Stocks like Simon Property Group Inc. ( SPG ), American Assets Trust, Inc. ( AAT ), CubeSmart ( CUBE ) and National Health Investors Inc. ( NHI ) have such favorable combination. Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report NATL HEALTH INV (NHI): Free Stock Analysis Report CUBESMART (CUBE): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Industry Rank - Positive Based on the earnings outlook for the constituent companies in each industry, we rank all of the 260+ industries in the 16 Zacks sectors. |
21131.0 | 2015-10-05 00:00:00 UTC | Simon Property (SPG) Inaugurates Tucson Premium Outlets | AAT | https://www.nasdaq.com/articles/simon-property-spg-inaugurates-tucson-premium-outlets-2015-10-05 | nan | nan | Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT") recently inaugurated Tucson Premium Outlets. By opening the new centre, Simon Property has brought the world's most admired and renowned brand of fashionable outlet shopping to the greater Tucson region.
In fact, so far as premium outlets are concerned, it has indeed been a productive year for Simon Property. Since May, the REIT has executed expansion activities at various centers, including Las Vegas North Premium Outlets, San Francisco Premium Outlets and Chicago Premium Outlets. Further, in August, Simon Property opened Gloucester Premium Outlets (Philadelphia); while Tampa Premium Outlets is slated to open on Oct 29, 2015.
Nevertheless, situated at the intersection of I-10 and Twin Peaks Road, the Tucson Premium Outlets offers 366,000 square feet of retail space, and features over 90 retailers offering attractive savings of 25-65% every day. Also, the project has delivered strong positive economic impact by creating around 800 permanent and part-time jobs as well as hundreds of construction positions.
Simon Property is engaged in acquiring, owning and leasing a diverse portfolio of shopping malls. The company's U.S. real estate platforms consist of Malls, Premium Outlets, The Mills and other properties.
Simon Property currently has a Zacks Rank #2 (Buy).
Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . All three stocks hold the same Zacks Rank as Simon Property.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT") recently inaugurated Tucson Premium Outlets. | Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT") recently inaugurated Tucson Premium Outlets. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Since May, the REIT has executed expansion activities at various centers, including Las Vegas North Premium Outlets, San Francisco Premium Outlets and Chicago Premium Outlets. | Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the Indianapolis, IN-based retail real estate investment trust ("REIT") recently inaugurated Tucson Premium Outlets. |
21132.0 | 2015-10-05 00:00:00 UTC | DDR Discloses Transaction Activities for Third-quarter 2015 | AAT | https://www.nasdaq.com/articles/ddr-discloses-transaction-activities-for-third-quarter-2015-2015-10-05 | nan | nan | On Oct 1, DDR Corp.DDR , the Beachwood, OH-based retail real estate investment trust ("REIT") disclosed its transactions activities for third-quarter 2015. During the quarter, the company disposed $302 million of assets. These transactions are in sync with DDR's strategy of reducing non-prime assets and using the proceeds for acquiring core assets with long-term potential.
In the third quarter, DDR divested 19 operating assets and 2 land parcels for a total of $145 million as its share. In addition, the company holds another 10 operating assets and 9 land parcels under contract for sale, valued at an estimated sum of $268 million as its share. Notably, year to date, DDR has divested $358 million and acquired $160 million of assets as its share.
DDR acquires, owns, develops, redevelops, leases and manages shopping centers, especially in high-growth areas of the U.S. In addition, DDR engages in origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. Notably, DDR reported second-quarter 2015 operating funds from operations ("FFO") per share of 31 cents, beating the Zacks Consensus Estimate by a penny. The figure also came 3 cents above the year-ago quarter tally. Significant leasing momentum, portfolio strengthening activity and rise in same-store NOI aided the results.
DDR currently has a Zacks Rank #3 (Hold).
Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . All these stocks hold a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. On Oct 1, DDR Corp.DDR , the Beachwood, OH-based retail real estate investment trust ("REIT") disclosed its transactions activities for third-quarter 2015. | Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. In the third quarter, DDR divested 19 operating assets and 2 land parcels for a total of $145 million as its share. | Click to get this free report DDR CORP (DDR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . In the third quarter, DDR divested 19 operating assets and 2 land parcels for a total of $145 million as its share. | Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, year to date, DDR has divested $358 million and acquired $160 million of assets as its share. |
21133.0 | 2015-10-02 00:00:00 UTC | 4 Pole Stars to Bet on as Q3 Earnings Season Nears | AAT | https://www.nasdaq.com/articles/4-pole-stars-to-bet-on-as-q3-earnings-season-nears-2015-10-02 | nan | nan | Sell-off in Chinese markets, weakness in the Eurozone, a strengthening dollar and steep fall in crude & commodities prices pretty well sum up the third quarter of 2015.
Not only have these factors thrashed the global equity markets, but also suppressed hopes for any improvement in corporate earnings this season.
Negative growth rates and top-line weakness, which were highlights of the dismal Q2 earnings season, will most likely be witnessed this time around as well. After all, the quarter lacked a strong positive catalyst to offset global headwinds.
The adverse impact of global headwinds has led many companies and analysts to cut their projections for revenues and earnings for the third quarter and beyond. As a result, total Q3 earnings for the S&P 500 index are anticipated to be down 5.9% from the year-ago period due to 4.6% lower revenues. This marks the second straight quarter of negative earnings growth for the index.
This has raised questions regarding if corporate America is entering into an "earnings recession." According to a Reuters report "Wall Street is bracing for a grim earnings season, with little improvement expected anytime soon". (For a detailed look at the earnings trend for different sectors, please read our latest Earnings Trends report.)
Yet no matter how weak and volatile the market is, it always has something to offer. One will always come across companies with standalone strength in their fundamentals as well as solid prospects for growth. As such, their earnings remain unabated by challenges that rock the industry they are part of.
4 Surging Stocks Poised to Beat on Q3 Earnings
With the earnings season just around the corner, investing in companies that are likely to beat earnings expectations can fetch handsome returns for investors. This is because a stock generally surges upon an earnings beat. In fact, it is likely to jump higher if the stock is already graphing an uptrend.
Notably, our recent 10-year backtest shows that stocks, with a positive Earnings ESP and a Zacks Rank #3 (Hold) or better, deliver a positive surprise nearly 70% of the time, and have returned over 28% annually on average.
However, for even better results, we have identified 4 stocks with the help of our Zacks stock screener , all of which carry a Zacks Rank #2 (Buy) or higher, and have Earnings ESP of more than one. In order to further strengthen our selection, we have picked stocks that have seen positive estimate revisions over the past 4 weeks and have rallied over 7% during the same time frame.
Here are the 4 stocks for your consideration:
LendingClub CorporationLC : In the Internet Services space, the San Francisco, CA-based LendingClub offers an online marketplace for loan approval, pricing, servicing and support operations as well as regulatory and legal framework, connecting borrowers and investors. LendingClub is slated to report Q3 earnings on Nov 3.
Zacks Rank #2
Earnings ESP: 100%
% Change in Q1 Estimates (4 weeks): 33.3%
% Change in Price (4 weeks): 7.8%
JetBlue Airways CorporationJBLU : JetBlue Airways is a low-fare, low-cost passenger airline, which provides high-quality customer service primarily on point-to-point routes. The carrier is benefiting from falling crude prices, as it helps it keep expenses low. Moreover, the company projects to increase its capacity in the band of 8.5-10.5% in the third quarter of 2015. JetBlue Airways is scheduled to report Q3 earnings on Oct 22.
Zacks Rank #1 (Strong Buy)
Earnings ESP: 1.79%
% Change in Q1 Estimates (4 weeks): 1.28%
% Change in Price (4 weeks): 11.5%
Banner CorporationBANR : Banner Corp is a financial savings & loans institution, that serves the Pacific Northwest region with a full range of deposit services as well as provides business, commercial real estate, construction, residential, agricultural and consumer loans. Banner Corp will report results on Oct 21.
Zacks Rank #1
Earnings ESP: 10.15%
% Change in Q1 Estimates (4 weeks): 3%
% Change in Price (4 weeks): 9.0%
American Assets Trust, Inc.AAT : American Assets Trust is a retail real estate investment trust ("REIT") that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. The company is expected to report Q3 earnings on Nov 3.
Zacks Rank #2
Earnings ESP: 2.17%
% Change in Q1 Estimates (4 weeks): 1.7%
% Change in Price (4 weeks): 8.3%
Bottom Line
At a time when the Dow Jones and NASDAQ indexes have dipped more than 7% over the past 4 weeks, the above-mentioned stocks have been sailing against the tide and rising steadily.
Given their price rise, positive estimate revisions and positive Earnings ESPs, we believe these stocks will surely serve as rewarding investment bets.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Zacks Rank #1 Earnings ESP: 10.15% % Change in Q1 Estimates (4 weeks): 3% % Change in Price (4 weeks): 9.0% American Assets Trust, Inc.AAT : American Assets Trust is a retail real estate investment trust ("REIT") that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. Click to get this free report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report BANNER CORP (BANR): Free Stock Analysis Report LENDINGCLUB CP (LC): Free Stock Analysis Report To read this article on Zacks.com click here. Sell-off in Chinese markets, weakness in the Eurozone, a strengthening dollar and steep fall in crude & commodities prices pretty well sum up the third quarter of 2015. | Zacks Rank #1 Earnings ESP: 10.15% % Change in Q1 Estimates (4 weeks): 3% % Change in Price (4 weeks): 9.0% American Assets Trust, Inc.AAT : American Assets Trust is a retail real estate investment trust ("REIT") that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. Click to get this free report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report BANNER CORP (BANR): Free Stock Analysis Report LENDINGCLUB CP (LC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank #1 (Strong Buy) Earnings ESP: 1.79% % Change in Q1 Estimates (4 weeks): 1.28% % Change in Price (4 weeks): 11.5% Banner CorporationBANR : Banner Corp is a financial savings & loans institution, that serves the Pacific Northwest region with a full range of deposit services as well as provides business, commercial real estate, construction, residential, agricultural and consumer loans. | Click to get this free report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report BANNER CORP (BANR): Free Stock Analysis Report LENDINGCLUB CP (LC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank #1 Earnings ESP: 10.15% % Change in Q1 Estimates (4 weeks): 3% % Change in Price (4 weeks): 9.0% American Assets Trust, Inc.AAT : American Assets Trust is a retail real estate investment trust ("REIT") that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. 4 Surging Stocks Poised to Beat on Q3 Earnings With the earnings season just around the corner, investing in companies that are likely to beat earnings expectations can fetch handsome returns for investors. | Zacks Rank #1 Earnings ESP: 10.15% % Change in Q1 Estimates (4 weeks): 3% % Change in Price (4 weeks): 9.0% American Assets Trust, Inc.AAT : American Assets Trust is a retail real estate investment trust ("REIT") that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. Click to get this free report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report BANNER CORP (BANR): Free Stock Analysis Report LENDINGCLUB CP (LC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank #1 (Strong Buy) Earnings ESP: 1.79% % Change in Q1 Estimates (4 weeks): 1.28% % Change in Price (4 weeks): 11.5% Banner CorporationBANR : Banner Corp is a financial savings & loans institution, that serves the Pacific Northwest region with a full range of deposit services as well as provides business, commercial real estate, construction, residential, agricultural and consumer loans. |
21134.0 | 2015-09-30 00:00:00 UTC | American Assets Trust (AAT) Shares Cross Above 200 DMA | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-shares-cross-above-200-dma-2015-09-30 | nan | nan | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed above their 200 day moving average of $41.04, changing hands as high as $41.25 per share. American Assets Trust, Inc. shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of AAT shares, versus its 200 day moving average:
Looking at the chart above, AAT's low point in its 52 week range is $32.84 per share, with $45.09 as the 52 week high point - that compares with a last trade of $41.06.
According to the ETF Finder at ETF Channel, AAT makes up 1.03% of the Guggenheim S&P SmallCap 600 Pure Growth ETF (Symbol: RZG) which is trading higher by about 1.7% on the day Wednesday.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed above their 200 day moving average of $41.04, changing hands as high as $41.25 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $32.84 per share, with $45.09 as the 52 week high point - that compares with a last trade of $41.06. According to the ETF Finder at ETF Channel, AAT makes up 1.03% of the Guggenheim S&P SmallCap 600 Pure Growth ETF (Symbol: RZG) which is trading higher by about 1.7% on the day Wednesday. | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed above their 200 day moving average of $41.04, changing hands as high as $41.25 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $32.84 per share, with $45.09 as the 52 week high point - that compares with a last trade of $41.06. According to the ETF Finder at ETF Channel, AAT makes up 1.03% of the Guggenheim S&P SmallCap 600 Pure Growth ETF (Symbol: RZG) which is trading higher by about 1.7% on the day Wednesday. | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed above their 200 day moving average of $41.04, changing hands as high as $41.25 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $32.84 per share, with $45.09 as the 52 week high point - that compares with a last trade of $41.06. According to the ETF Finder at ETF Channel, AAT makes up 1.03% of the Guggenheim S&P SmallCap 600 Pure Growth ETF (Symbol: RZG) which is trading higher by about 1.7% on the day Wednesday. | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed above their 200 day moving average of $41.04, changing hands as high as $41.25 per share. According to the ETF Finder at ETF Channel, AAT makes up 1.03% of the Guggenheim S&P SmallCap 600 Pure Growth ETF (Symbol: RZG) which is trading higher by about 1.7% on the day Wednesday. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $32.84 per share, with $45.09 as the 52 week high point - that compares with a last trade of $41.06. |
21135.0 | 2015-09-23 00:00:00 UTC | Simon Property to Woo Online Customers with "Simon SAID" | AAT | https://www.nasdaq.com/articles/simon-property-to-woo-online-customers-with-simon-said-2015-09-23 | nan | nan | Simon Property Group Inc.SPG , the world's largest retail real estate investment trust ("REIT"), has enhanced its online presence with the launch of a lifestyle-based digital platform named "Simon SAID." Simon SAID hosts fashion and retail bloggers, influential persons as well as retail partners, who provide customers with editorial content on a wide array of products and offerings that are available at Simon's centers.
The idea is to reach out to customers who usually resort to Internet for updating themselves about the latest trends in fashion, beauty, food, culture and design. Notably, Simon SAID is an extension of the company's Omni-channel strategy, as every editorial content on the portal is directly linked to the latest products available at Simon outlets across the U.S.
The use of Omni-channel strategy is crucial for players in the highly competitive retail REIT space, as it helps the retail landlords draw higher customer traffic at their malls. Given the increasing popularity of this strategy among retailers, Simon continues to initiate new programs and events for upgrading services and amenities for specific customers. That drives up the demand for space from the retailers.
In fact, the company is already running an interactive "digital concierge" network. This provides way-finding solutions, retail offers, interactive applications, digital advertising and connections to social and mobile platforms, and subsequently, an access to information, in many of its U.S. shopping centers since Jun 2014.
Overall, while the idea of a lifestyle-focused digital platform is not new, given the presence of popular sites like Think Commerce Group; we expect the new portal to draw customer attention as well as increase footfall at Simon's centers, as the company is a leading name in the retail arena, housing 4,000 popular brands.
Simon Property currently has a Zacks Rank #3 (Hold).
Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . All three stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. The idea is to reach out to customers who usually resort to Internet for updating themselves about the latest trends in fashion, beauty, food, culture and design. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Simon SAID hosts fashion and retail bloggers, influential persons as well as retail partners, who provide customers with editorial content on a wide array of products and offerings that are available at Simon's centers. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Overall, while the idea of a lifestyle-focused digital platform is not new, given the presence of popular sites like Think Commerce Group; we expect the new portal to draw customer attention as well as increase footfall at Simon's centers, as the company is a leading name in the retail arena, housing 4,000 popular brands. |
21136.0 | 2015-09-22 00:00:00 UTC | Federal Realty (FRT) Prices $200M Offering of Senior Notes | AAT | https://www.nasdaq.com/articles/federal-realty-frt-prices-%24200m-offering-of-senior-notes-2015-09-22 | nan | nan | Federal Realty Investment TrustFRT recently priced a senior unsecured notes offering of $200 million, bearing a rate of 2.55%. The offering is expected to boost the Rockville, MD-based retail real estate investment trust's ("REIT") financial flexibility, going forward.
The interest on the notes, which are slated to mature on Sep 28, 2025, is payable semi-annually on Jan 15 and Jul 15 of each year.
Federal Realty intends to utilize the proceeds generated from this offering for lowering the outstanding debt on its revolving credit facility as well as for other general corporate purposes.
Federal Realty owns, manages, develops and redevelops premium retail and mixed-use properties in the U.S. The REIT's assets are mainly concentrated over strategically selected metropolitan markets in the Northeast and Mid-Atlantic regions of the U.S. and California.
On Aug 5, 2015, Federal Realty posted second-quarter 2015 funds from operations ("FFO") per share of $1.33, beating the Zacks Consensus Estimate of $1.30 and above the year-ago quarter tally of $1.23. Improved same-store portfolio performance aided the results.
Federal Realty currently has a Zacks Rank #3 (Hold).
Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . All three stocks hold a Zacks Rank #2 (Buy).
Note: Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report FED RLTY INV (FRT): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Federal Realty intends to utilize the proceeds generated from this offering for lowering the outstanding debt on its revolving credit facility as well as for other general corporate purposes. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report FED RLTY INV (FRT): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report FED RLTY INV (FRT): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report FED RLTY INV (FRT): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Federal Realty currently has a Zacks Rank #3 (Hold). |
21137.0 | 2015-09-17 00:00:00 UTC | How American Assets Trust (AAT) Stock Stands Out in a Strong Industry | AAT | https://www.nasdaq.com/articles/how-american-assets-trust-aat-stock-stands-out-in-a-strong-industry-2015-09-17 | nan | nan | One stock that might be an intriguing choice for investors right now is American Assets Trust, Inc. ( AAT ). This is because this security in the Real Estate Equity Trust space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Real Estate Equity Trust space as it currently has a Zacks Industry Rank of 46 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, American Assets Trust is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from 45 cents a share to 46 cents a share, while current year estimates have risen from $1.74 a share to $1.76 a share. This has helped AAT to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position.
So, if you are looking for a decent pick in a strong industry, consider American Assets Trust. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One stock that might be an intriguing choice for investors right now is American Assets Trust, Inc. ( AAT ). This has helped AAT to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. | One stock that might be an intriguing choice for investors right now is American Assets Trust, Inc. ( AAT ). This has helped AAT to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. | One stock that might be an intriguing choice for investors right now is American Assets Trust, Inc. ( AAT ). This has helped AAT to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. | One stock that might be an intriguing choice for investors right now is American Assets Trust, Inc. ( AAT ). This has helped AAT to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. |
21138.0 | 2015-09-14 00:00:00 UTC | Realty Income Announces 12M ATM Equity Sale Program | AAT | https://www.nasdaq.com/articles/realty-income-announces-12m-atm-equity-sale-program-2015-09-14 | nan | nan | Realty Income CorporationO announced its decision to set up an at-the-market ("ATM") continuous offering of common stock. Per the terms of the agreement, the San Diego, CA-based retail real estate investment trust ("REIT"), will sell up to 12 million of common shares at agreed-upon prices or prevailing market prices from time to time.
Realty Income is engaged in in-house acquisition, leasing, legal, financial underwriting, porfolio management and capital market activities. Boasting a history of rewarding shareholders handsomely, the REIT has maintained its compound average annualized dividend growth rate at around 5% since 1994.
Setting up of this program will likely support Realty Income's ability to manage its balance sheet, as well as finance investment activities in an efficient, cost-effective manner. The company intends to utilize the net proceeds from the program for general corporate purposes, including acquisition and development of additional properties, repayment of debt, and expansion and enhancement of certain properties.
Realty Income currently has a Zacks Rank #3 (Hold).
Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . All three stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report REALTY INCOME (O): Free Stock Analysis Report To read this article on Zacks.com click here. Realty Income is engaged in in-house acquisition, leasing, legal, financial underwriting, porfolio management and capital market activities. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report REALTY INCOME (O): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report REALTY INCOME (O): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report REALTY INCOME (O): Free Stock Analysis Report To read this article on Zacks.com click here. Setting up of this program will likely support Realty Income's ability to manage its balance sheet, as well as finance investment activities in an efficient, cost-effective manner. |
21139.0 | 2015-09-14 00:00:00 UTC | Simon Property Reveals Location for Tulsa Premium Outlets | AAT | https://www.nasdaq.com/articles/simon-property-reveals-location-for-tulsa-premium-outlets-2015-09-14 | nan | nan | Simon Property Group Inc.SPG , the world's largest retail real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. Recently, the Indianapolis, IN-based REIT announced the location for its Tulsa Premium Outlets in the City of Jenks, OK. Tulsa Premium Outlets, expected to become a top-tier destination for visitors and tourists in Jenks and the greater Tulsa market, will likely be accretive for Simon Property, going forward.
Simon currently boasts 85 Premium Outlets, located across the U.S., Puerto Rico, Canada, Japan, Malaysia, Mexico and South Korea. These shopping destinations offer excellent brands from famous designers as well as luxury and popular retailers at extraordinary prices.
Notably, Simon Property has long been present in Tulsa market as it owns Woodland Hills Mall, and has invested significant capital in that property. The much-awaited Tulsa Premium Outlets project will be set up along the southern side of Creek Turnpike, located near Arkansas River in Jenks's River District. The first phase of the development will cover around 325,000 square feet, including 80-90 stores offering exceptional brands at unusual costs for residents and tourists alike. Construction in Jenks will likely begin in spring 2016, and the center is scheduled for inauguration in summer 2017.
Simon Property is engaged in acquiring, owning and leasing a diverse portfolio of shopping malls. The company's U.S. real estate platforms consist of Malls, Premium Outlets, The Mills and other properties.
Simon Property currently has a Zacks Rank #3 (Hold).
Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . All three stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the world's largest retail real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the world's largest retail real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Simon Property Group Inc.SPG , the world's largest retail real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the world's largest retail real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. |
21140.0 | 2015-09-08 00:00:00 UTC | Ex-Dividend Reminder: American Assets Trust, Rogers Communications and Atmel | AAT | https://www.nasdaq.com/articles/ex-dividend-reminder-american-assets-trust-rogers-communications-and-atmel-2015-09-08 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 9/9/15, American Assets Trust, Inc. (Symbol: AAT), Rogers Communications Inc. (Symbol: RCI), and Atmel Corp. (Symbol: ATML) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust, Inc. will pay its quarterly dividend of $0.2325 on 9/25/15, Rogers Communications Inc. will pay its quarterly dividend of $0.48 on 10/1/15, and Atmel Corp. will pay its quarterly dividend of $0.04 on 9/24/15. As a percentage of AAT's recent stock price of $37.87, this dividend works out to approximately 0.61%, so look for shares of American Assets Trust, Inc. to trade 0.61% lower - all else being equal - when AAT shares open for trading on 9/9/15. Similarly, investors should look for RCI to open 1.40% lower in price and for ATML to open 0.51% lower, all else being equal.
Below are dividend history charts for AAT, RCI, and ATML, showing historical dividends prior to the most recent ones declared.
American Assets Trust, Inc. (Symbol: AAT) :
Rogers Communications Inc. (Symbol: RCI) :
Atmel Corp. (Symbol: ATML) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.46% for American Assets Trust, Inc., 5.60% for Rogers Communications Inc., and 2.02% for Atmel Corp..
In Tuesday trading, American Assets Trust, Inc. shares are currently up about 1%, Rogers Communications Inc. shares are up about 2.1%, and Atmel Corp. shares are up about 1.9% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As a percentage of AAT's recent stock price of $37.87, this dividend works out to approximately 0.61%, so look for shares of American Assets Trust, Inc. to trade 0.61% lower - all else being equal - when AAT shares open for trading on 9/9/15. Looking at the universe of stocks we cover at Dividend Channel , on 9/9/15, American Assets Trust, Inc. (Symbol: AAT), Rogers Communications Inc. (Symbol: RCI), and Atmel Corp. (Symbol: ATML) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for AAT, RCI, and ATML, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel , on 9/9/15, American Assets Trust, Inc. (Symbol: AAT), Rogers Communications Inc. (Symbol: RCI), and Atmel Corp. (Symbol: ATML) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust, Inc. (Symbol: AAT) : Rogers Communications Inc. (Symbol: RCI) : Atmel Corp. (Symbol: ATML) : In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AAT's recent stock price of $37.87, this dividend works out to approximately 0.61%, so look for shares of American Assets Trust, Inc. to trade 0.61% lower - all else being equal - when AAT shares open for trading on 9/9/15. | Looking at the universe of stocks we cover at Dividend Channel , on 9/9/15, American Assets Trust, Inc. (Symbol: AAT), Rogers Communications Inc. (Symbol: RCI), and Atmel Corp. (Symbol: ATML) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust, Inc. (Symbol: AAT) : Rogers Communications Inc. (Symbol: RCI) : Atmel Corp. (Symbol: ATML) : In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AAT's recent stock price of $37.87, this dividend works out to approximately 0.61%, so look for shares of American Assets Trust, Inc. to trade 0.61% lower - all else being equal - when AAT shares open for trading on 9/9/15. | Looking at the universe of stocks we cover at Dividend Channel , on 9/9/15, American Assets Trust, Inc. (Symbol: AAT), Rogers Communications Inc. (Symbol: RCI), and Atmel Corp. (Symbol: ATML) will all trade ex-dividend for their respective upcoming dividends. As a percentage of AAT's recent stock price of $37.87, this dividend works out to approximately 0.61%, so look for shares of American Assets Trust, Inc. to trade 0.61% lower - all else being equal - when AAT shares open for trading on 9/9/15. Below are dividend history charts for AAT, RCI, and ATML, showing historical dividends prior to the most recent ones declared. |
21141.0 | 2015-09-08 00:00:00 UTC | American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for September 09, 2015 | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc-aat-ex-dividend-date-scheduled-september-09-2015-2015-09-08 | nan | nan | American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on September 09, 2015. A cash dividend payment of $0.2325 per share is scheduled to be paid on September 25, 2015. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AAT has paid the same dividend. At the current stock price of $37.49, the dividend yield is 2.48%.
The previous trading day's last sale of AAT was $37.49, representing a -16.86% decrease from the 52 week high of $45.09 and a 14.15% increase over the 52 week low of $32.84.
AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). AAT's current earnings per share, an indicator of a company's profitability, is $.69. Zacks Investment Research reports AAT's forecasted earnings growth in 2015 as 7.87%, compared to an industry average of 5.3%.
For more information on the declaration, record and payment dates, visit the AAT Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports AAT's forecasted earnings growth in 2015 as 7.87%, compared to an industry average of 5.3%. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | AAT's current earnings per share, an indicator of a company's profitability, is $.69. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on September 09, 2015. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AAT has paid the same dividend. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on September 09, 2015. This marks the 4th quarter that AAT has paid the same dividend. |
21142.0 | 2015-08-28 00:00:00 UTC | Simon Property (SPG) Expands Chicago Premium Outlets | AAT | https://www.nasdaq.com/articles/simon-property-spg-expands-chicago-premium-outlets-2015-08-28 | nan | nan | Simon Property Group Inc.SPG , the world's largest real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. Recently, the Indianapolis, IN-based REIT announced a 250,000-square foot expansion of outdoor shopping space at its popular Chicago Premium Outlets. This move will not only increase the footprint of an iconic outlet center, but is also expected to be accretive for Simon Property, going forward.
Simon currently boasts 85 Premium Outlets, located across the U.S., Puerto Rico, Canada, Japan, Malaysia, Mexico and South Korea. These shopping destinations offer excellent brands from famous designers as well as luxury and popular retailers at extraordinary prices.
Chicago Premium Outlets have been operating successfully as a well-known, recognized outlet center for over a decade. The latest multi-million dollar expansion move, apart from adding new stores and boosting the presence of existing brands, will also increase the center's appeal.
The above-mentioned expansion of the Chicago Premium Outlets was preceded by another expansion initiative at San Francisco Premium Outlets as well as the grand opening of Gloucester Premium Outlets just two weeks prior (read more: Simon Opens a Premium Outlets Center, Expands Another ).
Simon Property is engaged in acquiring, owning and leasing a diverse portfolio of shopping malls. The company's U.S. real estate platforms consist of Malls, Premium Outlets, The Mills and other properties.
Simon Property currently has a Zacks Rank #3 (Hold).
Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . All three stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the world's largest real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the world's largest real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Simon Property Group Inc.SPG , the world's largest real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the world's largest real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. |
21143.0 | 2015-08-26 00:00:00 UTC | Simon Unveils Plans to Develop Hartford Premium Outlets | AAT | https://www.nasdaq.com/articles/simon-unveils-plans-to-develop-hartford-premium-outlets-2015-08-26 | nan | nan | Simon Property Group Inc.SPG , the world's largest real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. Recently, the Indianapolis, IN-based REIT announced the commencement of development activities on Hartford Premium Outlets. In fact, earlier in August, Simon submitted an Application for Rezoning with the Hartford County, CT-based Town of Windsor Locks, Planning and Zoning Commission, for this project.
Construction activities at Hartford Premium Outlets, located close to the intersection of Route 20 and I-91 on Old Country Road, will likely begin in fall 2016. The center is expected to witness a grand inauguration 13 months after the construction activities begin.
The first phase of the construction will include retail space of 350,000 square feet, two famous restaurants and a hall equipped with variety of dining options. Further, the center will feature an art space, a children's play area, fountains and an outdoor fireplace. Most importantly, the project is estimated to create plenty of new jobs, entice many visitors and support overall economic development of the Hartford region.
Simon Property currently has a Zacks Rank #2 (Buy).
Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . All these stocks hold the same Zacks Rank as Simon Property.
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AGREE RLTY CORP (ADC): Free Stock Analysis Report
AMER ASSETS TR (AAT): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the world's largest real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. | Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Construction activities at Hartford Premium Outlets, located close to the intersection of Route 20 and I-91 on Old Country Road, will likely begin in fall 2016. | Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, the Indianapolis, IN-based REIT announced the commencement of development activities on Hartford Premium Outlets. |
21144.0 | 2015-08-26 00:00:00 UTC | Regency (REG) Downgraded to Hold on Market Concerns | AAT | https://www.nasdaq.com/articles/regency-reg-downgraded-to-hold-on-market-concerns-2015-08-26 | nan | nan | On Aug 25, 2015, Zacks Investment Research downgraded Regency Centers CorporationREG to a Zacks Rank #3 (Hold). Going by the Zacks model, companies holding a Zacks Rank #3 have strong chances of performing in line with the broader market.
Why the Downgrade?
Given the present economic environment, an interest rate hike is anticipated over the coming months, which can pose challenges before Regency. This is because a rise in interest rate would limit the company's ability to refinance existing debt, while the interest cost on new debt would also increase. This will weigh on the company's financial results and consequently, dent its dividend payout.
Moreover, majority of Regency's properties are located in select markets, especially in California, Texas and Florida. Such geographic concentration of its properties exposes the company to climatic threats as well as risks related to market saturation.
Nevertheless, helped by strong growth in same property net operating income ("NOI"), Regency's second-quarter 2015 core funds from operations ("FFO") of 75 cents per share beat the Zacks Consensus Estimate by 2 cents. Further, the results compared favorably with the year-ago quarter tally of 71 cents. The company also raised its core FFO per share guidance to a range of $2.95-$2.99 from the earlier projection of $2.93-$2.97.
Recently, Regency announced the addition of Southern Season, a gourmet emporium and mail-order store based in Chapel Hill, NC, to its Powers Ferry Square location in Atlanta, GA. This addition of a reputed, consistent top-tier operator bodes well for Regency, going ahead.
Stock Picks
Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . All these stocks hold a Zacks Rank #2 (Buy).
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REGENCY CTRS CP (REG): Free Stock Analysis Report
ACADIA RLTY TR (AKR): Free Stock Analysis Report
AGREE RLTY CORP (ADC): Free Stock Analysis Report
AMER ASSETS TR (AAT): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stock Picks Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Given the present economic environment, an interest rate hike is anticipated over the coming months, which can pose challenges before Regency. | Stock Picks Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Stock Picks Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . On Aug 25, 2015, Zacks Investment Research downgraded Regency Centers CorporationREG to a Zacks Rank #3 (Hold). | Stock Picks Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. On Aug 25, 2015, Zacks Investment Research downgraded Regency Centers CorporationREG to a Zacks Rank #3 (Hold). |
21145.0 | 2015-08-25 00:00:00 UTC | Retail Properties of America Inks Lease with Corner Bakery | AAT | https://www.nasdaq.com/articles/retail-properties-of-america-inks-lease-with-corner-bakery-2015-08-25 | nan | nan | Retail Properties of America, Inc.RPAI , the Oak Brook, IL-based retail real estate investment trust ("REIT"), inked a new lease deal with Corner Bakery Cafe at Heritage Square, a shopping center situated in the Seattle Metropolitan Statistical Area ("MSA"). Notably, this marks the first Corner Bakery location in Washington and a major step toward tenancy upgrade at the shopping center which is slated to open in spring 2016. Corner Bakery, covering 4,200 square feet, will replace Denny's that downed its shutters in late 2014.
Retail Properties of America owns and operates shopping centers across the U.S. Its retail-operating portfolio includes power centers, community centers, neighborhood centers, lifestyle centers and single-user retail properties.
Issaquah, Washington-based Heritage Square is a 53,000- square foot neighborhood shopping center situated in a high barrier-to-entry sub-market. On the other hand, Corner Bakery boasts innovative offerings like freshly baked sweets, artisan breads, soups, sandwiches and salads. Each Corner Bakery location provides various gathering options for people to unwind, meet up friends and enjoy delicacies. Thus, we believe that introduction of Corner Bakery at Heritage Square will be beneficial for Retail Properties of America, going forward.
Retail Properties of America currently carries a Zacks Rank #3 (Hold).
Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . All these stocks hold a Zacks Rank #2 (Buy).
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report To read this article on Zacks.com click here. Retail Properties of America, Inc.RPAI , the Oak Brook, IL-based retail real estate investment trust ("REIT"), inked a new lease deal with Corner Bakery Cafe at Heritage Square, a shopping center situated in the Seattle Metropolitan Statistical Area ("MSA"). | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Retail Properties of America, Inc.RPAI , the Oak Brook, IL-based retail real estate investment trust ("REIT"), inked a new lease deal with Corner Bakery Cafe at Heritage Square, a shopping center situated in the Seattle Metropolitan Statistical Area ("MSA"). | Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report To read this article on Zacks.com click here. Retail Properties of America, Inc.RPAI , the Oak Brook, IL-based retail real estate investment trust ("REIT"), inked a new lease deal with Corner Bakery Cafe at Heritage Square, a shopping center situated in the Seattle Metropolitan Statistical Area ("MSA"). |
21146.0 | 2015-08-18 00:00:00 UTC | Regency Adds Southern Season to Powers Ferry Square | AAT | https://www.nasdaq.com/articles/regency-adds-southern-season-to-powers-ferry-square-2015-08-18 | nan | nan | Regency Centers CorporationREG recently announced the addition of Southern Season, a gourmet emporium and mail-order store based in Chapel Hill, NC, to its Powers Ferry Square location in Atlanta, GA. The addition of Southern Season, a reputed, consistent top-tier operator, bodes well for the Jacksonville, FL-based retail real estate investment trust ("REIT"), going ahead.
Southern Season is famous for its substantial product line, which ranges from regional favorites to international innovations. Further, its renowned cooking schools offer good options for anyone looking to develop their culinary skills. On the other hand, for Southern Season too, venturing into the Buckhead and the greater Atlanta markets offers huge opportunities.
Regency's portfolio mainly constitutes of grocery-anchored community and neighborhood centers. Regency leases space in its shopping centers to grocery stores, major retail anchors, restaurants, side-shop retailers and service providers. This apart, the company also makes ground leasing and sells out parcels to similar types of tenants.
Regency' second-quarter 2015 core funds from operations ("FFO") of 75 cents per share beat the Zacks Consensus Estimate by 2 cents. Further, the results compared favorably with the year-ago quarter tally of 71 cents. Better-than-expected results were attributable to strong growth in same property net operating income ("NOI").
Regency's focus on building a premium portfolio of grocery-anchored shopping centers augurs well for its future. Such centers are usually necessity-driven and attract huge traffic. Also, presence of a cluster of leading grocers protects it from market swings.
Regency currently carries a Zacks Rank #2 (Buy). Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. AAT , Agree Realty Corp. ADC and Acadia Realty Trust AKR . All these stocks carry the same Zacks Rank as Regency.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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AMER ASSETS TR (AAT): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. AAT , Agree Realty Corp. ADC and Acadia Realty Trust AKR . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Regency Centers CorporationREG recently announced the addition of Southern Season, a gourmet emporium and mail-order store based in Chapel Hill, NC, to its Powers Ferry Square location in Atlanta, GA. | Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. AAT , Agree Realty Corp. ADC and Acadia Realty Trust AKR . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. AAT , Agree Realty Corp. ADC and Acadia Realty Trust AKR . Regency Centers CorporationREG recently announced the addition of Southern Season, a gourmet emporium and mail-order store based in Chapel Hill, NC, to its Powers Ferry Square location in Atlanta, GA. | Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. AAT , Agree Realty Corp. ADC and Acadia Realty Trust AKR . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. On the other hand, for Southern Season too, venturing into the Buckhead and the greater Atlanta markets offers huge opportunities. |
21147.0 | 2015-08-14 00:00:00 UTC | Simon Opens a Premium Outlets Center, Expands Another | AAT | https://www.nasdaq.com/articles/simon-opens-a-premium-outlets-center-expands-another-2015-08-14 | nan | nan | Simon Property Group Inc.SPG , the world's largest real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. Recently, the Indianapolis, IN-based REIT opened Gloucester Premium Outlets and expanded San Francisco Premium Outlets.
Gloucester Premium Outlets will serve the South New Jersey and Greater Philadelphia areas. The 376,000-square foot shopping center will be home to many famous brands. Visitors looking to unwind themselves can access the stunning Market Hall replete with a variety of dining and seating options, a media center with flat screen televisions and free Wi-Fi.
On the other hand, the 185,000-square foot expansion of San Francisco Premium Outlets will include 30 new tenants and 20 additional stores, slated to open over the next few weeks. Notably, this shopping destination, located in the affluent East Bay area of northern California, was opened in 2012 and is currently the largest outlet center in California.
Simon Property is engaged in acquiring, owning and leasing a diverse portfolio of shopping malls. The company's U.S. real estate platforms consist of Malls, Premium Outlets, The Mills and other properties.
Simon Property currently has a Zacks Rank #2 (Buy).
Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . All these stocks hold the same Zacks Rank as Simon Property.
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SIMON PROPERTY (SPG): Free Stock Analysis Report
ACADIA RLTY TR (AKR): Free Stock Analysis Report
AGREE RLTY CORP (ADC): Free Stock Analysis Report
AMER ASSETS TR (AAT): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the world's largest real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. | Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, the Indianapolis, IN-based REIT opened Gloucester Premium Outlets and expanded San Francisco Premium Outlets. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Simon Property Group Inc.SPG , the world's largest real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. | Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the world's largest real estate investment trust ("REIT"), continues to expand its Premium Outlets portfolio. |
21148.0 | 2015-08-13 00:00:00 UTC | Simon Property Set to Renovate Retail Part of Copley Place | AAT | https://www.nasdaq.com/articles/simon-property-set-to-renovate-retail-part-of-copley-place-2015-08-13 | nan | nan | Simon Property Group Inc.SPG , the world's largest retail real estate investment trust ("REIT"), recently revealed its intention to renovate Copley Place, the high-end shopping destination located at Back Bay in Boston, MA. The Indianapolis, IN-based REIT plans to completely revamp the retail portion of the posh shopping destination. We expect this transformation to not only enrich the experience for shoppers, but also solidify Copley Place's position as a famous shopping destination in Boston.
Apart from physical upgrades, the refurbishment by Simon Property will serve to lure more luxury retailers toward the destination. Starting in Sep 2015, the renovation work will likely be completed by summer of 2016.
Notably, Simon Property is engaged in acquiring, owning and leasing a diverse portfolio of shopping malls. The REIT reported second-quarter 2015 FFO of $2.63 per share, which beat the Zacks Consensus Estimate of $2.35 and came higher than the prior-year quarter tally of $2.16. The year-over-year improvement was primarily driven by growth in comparable net operating income ("NOI").
Simon Property currently has a Zacks Rank #2 (Buy).
Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . All these stocks hold the same Zacks Rank as Simon Property.
Note: Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income
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SIMON PROPERTY (SPG): Free Stock Analysis Report
ACADIA RLTY TR (AKR): Free Stock Analysis Report
AGREE RLTY CORP (ADC): Free Stock Analysis Report
AMER ASSETS TR (AAT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the world's largest retail real estate investment trust ("REIT"), recently revealed its intention to renovate Copley Place, the high-end shopping destination located at Back Bay in Boston, MA. | Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Simon Property Group Inc.SPG , the world's largest retail real estate investment trust ("REIT"), recently revealed its intention to renovate Copley Place, the high-end shopping destination located at Back Bay in Boston, MA. | Investors interested in the retail REIT industry may also consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Simon Property Group Inc.SPG , the world's largest retail real estate investment trust ("REIT"), recently revealed its intention to renovate Copley Place, the high-end shopping destination located at Back Bay in Boston, MA. |
21149.0 | 2015-08-11 00:00:00 UTC | Macerich (MAC) Rides on NOI Growth: Should You Hold it? | AAT | https://www.nasdaq.com/articles/macerich-mac-rides-on-noi-growth%3A-should-you-hold-it-2015-08-11 | nan | nan | We updated our research report on The Macerich CompanyMAC on Aug 9, 2015.
This Santa Monica, CA-based retail real estate investment trust ("REIT") continues to ride on growth in same center net operating income ("NOI") and improving mall tenant annual sales. The company reported second-quarter 2015 adjusted funds from operations ("FFO") of 97 cents per share, which beat the Zacks Consensus Estimate of 92 cents and came higher than the prior-year quarter tally of 86 cents. Same centers NOI grew 7.6% year over year to $223.4 million in second-quarter 2015.
We believe Macerich's premium portfolio, rising mall tenant annual sales per square foot, re-leasing spreads and adoption of omni-channel retailing strategies would aid top-line growth, going forward. Encouragingly, the company raised its full-year 2015 FFO per share guidance to a range of $3.86-$3.94 from an earlier projection of $3.83-$3.93.
These apart, the company's high concentration of premium malls in some of the vibrant U.S. markets, cluster of industry-leading tenants, initiatives to enhance asset quality as well as customer relationships, and focus on an aggressive capital-recycling program bode well for the long term.
Nevertheless, presence of alternative retail channels, substantial asset concentration in California and Arizona, and an anticipated rise in interest rate in the medium term pose concerns before Macerich.
Over the past 7 days, the Zacks Consensus Estimate for the stock has remained unchanged at $3.94 for 2015 and $4.21 for 2016.
Currently, Macerich carries a Zacks Rank #3 (Hold).
Key Picks from the Sector
Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . All these stocks hold a Zacks Rank #2 (Buy).
Note: Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report MACERICH CO (MAC): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This Santa Monica, CA-based retail real estate investment trust ("REIT") continues to ride on growth in same center net operating income ("NOI") and improving mall tenant annual sales. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report MACERICH CO (MAC): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. The company reported second-quarter 2015 adjusted funds from operations ("FFO") of 97 cents per share, which beat the Zacks Consensus Estimate of 92 cents and came higher than the prior-year quarter tally of 86 cents. | Click to get this free report MACERICH CO (MAC): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . The company reported second-quarter 2015 adjusted funds from operations ("FFO") of 97 cents per share, which beat the Zacks Consensus Estimate of 92 cents and came higher than the prior-year quarter tally of 86 cents. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report MACERICH CO (MAC): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This Santa Monica, CA-based retail real estate investment trust ("REIT") continues to ride on growth in same center net operating income ("NOI") and improving mall tenant annual sales. |
21150.0 | 2015-08-06 00:00:00 UTC | Regency Q2 FFO, Revenues Beat Estimates, Guidance Up - Analyst Blog | AAT | https://www.nasdaq.com/articles/regency-q2-ffo-revenues-beat-estimates-guidance-up-analyst-blog-2015-08-06 | nan | nan | Regency Centers Corporation 's REG second-quarter 2015 core funds from operations ("FFO") of 75 cents per share beat the Zacks Consensus Estimate by 2 cents. Further, the results compared favorably with the year-ago quarter tally of 71 cents. Better-than-expected results were attributable to strong growth in same property net operating income ("NOI").
Total revenue for the quarter rose 4.6% year over year to nearly $141.1 million, exceeding the Zacks Consensus Estimate of $133 million.
Behind the Headlines
During the quarter, Regency's new and renewal leasing transactions tally reached 408 and included 1,379,000 square feet of space.
Moreover, in second-quarter 2015, same property NOI ("SPNOI") excluding termination fees for its wholly-owned properties plus its pro-rata share of co-investment partnerships climbed 4.3% on a year-over-year basis. On the other hand, rental rate growth for new leases was 13.2% and for renewal leases was 7.8%. Same properties portfolio was 95.9% leased, reflecting a 40 bps year-over-year growth. On the other hand, all of its properties were 95.8% leased, up 80 bps year over year.
During the quarter, the company sold two properties and year to date, Regency has disposed three properties for a combined gross sales price of $59.1 million. The company's share of the combined gross sales price is $40.3 million.
Further, at quarter-end, the company had 15 projects in development or under redevelopment (estimated net development cost of $231.9 million). In-process developments were 64% funded and 92% leased and committed, including retailer-owned square footage. During the quarter, one project was completed by Regency, comprising $55.9 million in net development costs and a yield of 7.6%.
Regency's total pro-rata share of cash and cash equivalents was $44.1 million at the end of the second-quarter 2015, down from $128.5 million at 2014-end. The company's total outstanding debt stood at $1.99 billion on Jun 30, 2015, down from $2.02 billion at prior-year end.
2015 Outlook Raised
Regency raised its core FFO per share guidance to $2.95-$2.99 from the earlier projections of $2.93-$2.97. The Zacks Consensus Estimate for 2015 is currently pegged at $2.97, well within the company's guided range. The company further revised SPNOI growth (pro rata), excluding termination fees, in a range of 3.6-4.1% from the earlier band of 3.2-4%.
Dividend Update
On Aug 3, 2015, Regency's Board of Directors announced a quarterly cash dividend on its common stock of 48.5 cents per share. The dividend will be paid on Sep 2, 2015 to shareholders of record as of Aug 19.
Our Take
Going forward, Regency's focus on building a premium portfolio of grocery-anchored shopping centers augurs well. Such centers are usually necessity-driven and attract huge traffic. Also, presence of a cluster of leading grocers protects it from market swings. Yet, stiff competition and an anticipated rise in interest rates in the medium term remains a concern.
Regency currently carries a Zacks Rank #3 (Hold). Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Agree Realty Corp. ADC and Simon Property Group Inc. SPG . All these stocks carry a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Agree Realty Corp. ADC and Simon Property Group Inc. SPG . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report REGENCY CTRS CP (REG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Behind the Headlines During the quarter, Regency's new and renewal leasing transactions tally reached 408 and included 1,379,000 square feet of space. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report REGENCY CTRS CP (REG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Agree Realty Corp. ADC and Simon Property Group Inc. SPG . Regency Centers Corporation 's REG second-quarter 2015 core funds from operations ("FFO") of 75 cents per share beat the Zacks Consensus Estimate by 2 cents. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report REGENCY CTRS CP (REG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Agree Realty Corp. ADC and Simon Property Group Inc. SPG . Regency Centers Corporation 's REG second-quarter 2015 core funds from operations ("FFO") of 75 cents per share beat the Zacks Consensus Estimate by 2 cents. | Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Agree Realty Corp. ADC and Simon Property Group Inc. SPG . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report REGENCY CTRS CP (REG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Total revenue for the quarter rose 4.6% year over year to nearly $141.1 million, exceeding the Zacks Consensus Estimate of $133 million. |
21151.0 | 2015-08-06 00:00:00 UTC | Federal Realty's (FRT) Q2 FFO Beats, Up Y/Y; Dividend Up - Analyst Blog | AAT | https://www.nasdaq.com/articles/federal-realtys-frt-q2-ffo-beats-up-y-y-dividend-up-analyst-blog-2015-08-06 | nan | nan | Federal Realty Investment TrustFRT posted second-quarter 2015 funds from operations ("FFO") per share of $1.33, beating the Zacks Consensus Estimate of $1.30 and higher than the year-ago quarter tally of $1.23. Improved same-store portfolio performance aided the results.
Total revenue for the quarter grew 8% year over year to $181.5 million. However, the top line lagged the Zacks Consensus Estimate of $183 million.
Inside the Headlines
During the second quarter, Federal Realty inked 85 lease deals for 313,887 square feet of space. As of Jun 30, 2015, the company's overall portfolio was 95.7% leased, up 40 basis points (bps) year over year.
On a comparable-space basis (spaces for which a former tenant was there), Federal Realty leased 296,946 square feet, at an average cash-basis contractual rent escalation of 15% per square foot. Rent increases (GAAP basis) for comparable retail space averaged at 25% per square foot.
Same-center property operating income (excluding redevelopments) improved 3% year over year in the quarter. As of Jun 30, 2015, Federal Realty's same-center portfolio was 96.2% leased, up 30 bps year over year.
During the quarter, Federal Realty acquired 80% stake in a 198,000-square foot lifestyle center in South Florida, based on a total value of $87.5 million. Also, the company completed the divestiture of Houston St. property in San Antonio, TX for $46.1 million.
Federal Realty exited the second quarter with cash and cash equivalents of approximately $22.2 million, down from $48 million at the end of Dec 2014.
2015 Guidance
Federal Realty has raised 2015 FFO guidance to a range of $5.29-$5.33 from $5.26-$5.34. The Zacks Consensus Estimate of $5.30 falls in this range.
Dividend Update
Concurrent with the earnings release, Federal Realty declared a quarterly dividend of 94 cents. This marks an increase of 8% over the prior payment. The dividend will be paid on Oct 15, 2015 to shareholders of record as of Sep 22.
Our Take
The company's portfolio of Class A shopping centers, along with a diversified tenant base, comprising grocery stores and low-end discount retailers, positions it well for growth. Additionally, Federal Realty's focus on exploring expansion opportunities in premium markets, which generate income growth as well as long-term value, bodes well for its future.
Federal Realty currently carries a Zacks Rank #3 (Hold). Investors interested in the retail REIT industry may consider stocks Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . While Acadia Realty Trust sports a Zacks Rank #1 (Strong Buy), both Agree Realty and American Assets Trust carry a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report FED RLTY INV (FRT): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Federal Realty Investment TrustFRT posted second-quarter 2015 funds from operations ("FFO") per share of $1.33, beating the Zacks Consensus Estimate of $1.30 and higher than the year-ago quarter tally of $1.23. | Investors interested in the retail REIT industry may consider stocks Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report FED RLTY INV (FRT): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. While Acadia Realty Trust sports a Zacks Rank #1 (Strong Buy), both Agree Realty and American Assets Trust carry a Zacks Rank #2 (Buy). | Click to get this free report FED RLTY INV (FRT): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . As of Jun 30, 2015, Federal Realty's same-center portfolio was 96.2% leased, up 30 bps year over year. | Click to get this free report FED RLTY INV (FRT): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks Acadia Realty Trust AKR , Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . As of Jun 30, 2015, the company's overall portfolio was 95.7% leased, up 40 basis points (bps) year over year. |
21152.0 | 2015-08-05 00:00:00 UTC | AAT Makes Notable Cross Below Critical Moving Average | AAT | https://www.nasdaq.com/articles/aat-makes-notable-cross-below-critical-moving-average-2015-08-05 | nan | nan | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed below their 200 day moving average of $40.77, changing hands as low as $40.13 per share. American Assets Trust, Inc. shares are currently trading down about 1.7% on the day. The chart below shows the one year performance of AAT shares, versus its 200 day moving average:
Looking at the chart above, AAT's low point in its 52 week range is $32.84 per share, with $45.09 as the 52 week high point - that compares with a last trade of $40.34.
According to the ETF Finder at ETF Channel, AAT makes up 1.00% of the PowerShares S&P SmallCap Low Volatility Portfolio ETF (Symbol: XSLV) which is trading lower by about 0.1% on the day Wednesday.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed below their 200 day moving average of $40.77, changing hands as low as $40.13 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $32.84 per share, with $45.09 as the 52 week high point - that compares with a last trade of $40.34. According to the ETF Finder at ETF Channel, AAT makes up 1.00% of the PowerShares S&P SmallCap Low Volatility Portfolio ETF (Symbol: XSLV) which is trading lower by about 0.1% on the day Wednesday. | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed below their 200 day moving average of $40.77, changing hands as low as $40.13 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $32.84 per share, with $45.09 as the 52 week high point - that compares with a last trade of $40.34. According to the ETF Finder at ETF Channel, AAT makes up 1.00% of the PowerShares S&P SmallCap Low Volatility Portfolio ETF (Symbol: XSLV) which is trading lower by about 0.1% on the day Wednesday. | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed below their 200 day moving average of $40.77, changing hands as low as $40.13 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $32.84 per share, with $45.09 as the 52 week high point - that compares with a last trade of $40.34. According to the ETF Finder at ETF Channel, AAT makes up 1.00% of the PowerShares S&P SmallCap Low Volatility Portfolio ETF (Symbol: XSLV) which is trading lower by about 0.1% on the day Wednesday. | In trading on Wednesday, shares of American Assets Trust, Inc. (Symbol: AAT) crossed below their 200 day moving average of $40.77, changing hands as low as $40.13 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $32.84 per share, with $45.09 as the 52 week high point - that compares with a last trade of $40.34. According to the ETF Finder at ETF Channel, AAT makes up 1.00% of the PowerShares S&P SmallCap Low Volatility Portfolio ETF (Symbol: XSLV) which is trading lower by about 0.1% on the day Wednesday. |
21153.0 | 2015-07-29 00:00:00 UTC | Kimco's (KIM) Q2 FFO Beats Estimates, Guidance Raised - Analyst Blog | AAT | https://www.nasdaq.com/articles/kimcos-kim-q2-ffo-beats-estimates-guidance-raised-analyst-blog-2015-07-29 | nan | nan | Retail real estate investment trust ("REIT") Kimco Realty Corporation 's KIM second-quarter 2015 funds from operations ("FFO") per share came in at 44 cents, 2 cents above the Zacks Consensus Estimate and up 29.4% from the prior-year quarter figure of 34 cents. Results reflect growth in revenues and U.S. same-property net operating income ("NOI").
Total revenue surged 19.6% year over year to $294.1 million and surpassed the Zacks Consensus Estimate of $282 million.
Quarter in Details
Kimco executed 477 new leases, renewals and options, aggregating 1.8 million pro-rata square feet, in the combined portfolio during the quarter.
At quarter-end, pro-rata occupancy in the U.S. and combined portfolios (including Canada) stood at 95.7% and 95.5%, respectively, denoting year-over-year increases of 70 basis points (bps) for both the portfolios.
In the U.S. shopping center portfolio, pro-rata occupancy for anchor space (10,000 square feet and greater) was 98.4%, reflecting an uptick of 60 bps year over year, while pro-rata occupancy for small shop space rose 170 bps to 88% over the same time-frame.
Same-property NOI in the U.S. portfolio climbed 3.7% from the year-ago period. Further, U.S. pro-rata rental-rate leasing spreads moved north 11.9%, with rental rates for new leases rising 26% and renewals/options advancing 8.7%.
Kimco exited second-quarter 2015 with around $145.8 million, down from $187.3 million at the prior-year end.
Portfolio Activity
In the reported quarter, Kimco continued to simplify its business. The company lowered its joint-venture ownership through acquisition of the rest 24.7% ownership stake in the $341.1 million KIF II portfolio. It also sold the last remaining retail assets in Mexico.
Furthermore, the company realized a $32.4 million gain on the sale of 6.4 million shares of SUPERVALU Inc. SVU common stock.
Importantly, Kimco has acquired 197 properties for a gross amount of $5.1 billion, while selling 253 properties aggregating $2.4 billion, since the company started its portfolio transformation in Sep 2010.
(Read more: Kimco Reports 2Q15 Transaction Activities of Over $500M )
Guidance Raised
Kimco raised its full-year 2015 guidance range. The company now expects FFO per share in the range of $1.52-$1.56, as against $1.50-$1.55 guided earlier and FFO as adjusted per share in the range of $1.43-$1.46, compared with $1.42-$1.45 disclosed previously. The Zacks Consensus Estimate is currently pegged at $1.51.
The company's outlook is based on expectations of the U.S. portfolio occupancy growth of 25-50 bps, same-property NOI increase in the range of 3-3.5% and acquisitions (Kimco's share of price) of $1.1-$1.3 billion.
Dividend Update
Kimco's board of directors announced a quarterly cash dividend of 24 cents per share on its common stock. The dividend will be paid on Oct 15, 2015 to shareholders of record on Oct 5.
Our Viewpoint
Going forward, solid demand for Kimco's properties, its portfolio transformation initiatives and easy access to capital bode well. Further, the company is expanding its small shops portfolio to attract more traffic. Nevertheless, near-term earnings dilution led by high disposition activity and an anticipated rise in interest rates in the medium term remain concerns for the stock.
Kimco currently has a Zacks Rank #3 (Hold). Investors interested in retail REITs may consider stocks like Acadia Realty Trust AKR and American Assets Trust, Inc. AAT . Both these stocks hold a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in retail REITs may consider stocks like Acadia Realty Trust AKR and American Assets Trust, Inc. AAT . Click to get this free report SUPERVALU INC (SVU): Free Stock Analysis Report KIMCO REALTY CO (KIM): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. The company's outlook is based on expectations of the U.S. portfolio occupancy growth of 25-50 bps, same-property NOI increase in the range of 3-3.5% and acquisitions (Kimco's share of price) of $1.1-$1.3 billion. | Click to get this free report SUPERVALU INC (SVU): Free Stock Analysis Report KIMCO REALTY CO (KIM): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in retail REITs may consider stocks like Acadia Realty Trust AKR and American Assets Trust, Inc. AAT . Retail real estate investment trust ("REIT") Kimco Realty Corporation 's KIM second-quarter 2015 funds from operations ("FFO") per share came in at 44 cents, 2 cents above the Zacks Consensus Estimate and up 29.4% from the prior-year quarter figure of 34 cents. | Click to get this free report SUPERVALU INC (SVU): Free Stock Analysis Report KIMCO REALTY CO (KIM): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in retail REITs may consider stocks like Acadia Realty Trust AKR and American Assets Trust, Inc. AAT . Retail real estate investment trust ("REIT") Kimco Realty Corporation 's KIM second-quarter 2015 funds from operations ("FFO") per share came in at 44 cents, 2 cents above the Zacks Consensus Estimate and up 29.4% from the prior-year quarter figure of 34 cents. | Investors interested in retail REITs may consider stocks like Acadia Realty Trust AKR and American Assets Trust, Inc. AAT . Click to get this free report SUPERVALU INC (SVU): Free Stock Analysis Report KIMCO REALTY CO (KIM): Free Stock Analysis Report ACADIA RLTY TR (AKR): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. In the U.S. shopping center portfolio, pro-rata occupancy for anchor space (10,000 square feet and greater) was 98.4%, reflecting an uptick of 60 bps year over year, while pro-rata occupancy for small shop space rose 170 bps to 88% over the same time-frame. |
21154.0 | 2015-07-24 00:00:00 UTC | 11.3% of XSLV Holdings Seeing Recent Insider Buys | AAT | https://www.nasdaq.com/articles/113-xslv-holdings-seeing-recent-insider-buys-2015-07-24 | nan | nan | A look at the weighted underlying holdings of the PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ) shows an impressive 11.3% of holdings on a weighted basis have experienced insider buying within the past six months.
American Assets Trust, Inc. (Symbol: AAT), which makes up 0.99% of the PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $991,697 worth of AAT, making it the #13 largest holding. The table below details the recent insider buying activity observed at AAT:
AAT - last trade: $41.38 - Recent Insider Buys:
And Provident Financial Services Inc (Symbol: PFS), the #49 largest holding among components of the PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $867,702 worth of PFS, which represents approximately 0.87% of the ETF's total assets at last check. The recent insider buying activity observed at PFS is detailed in the table below:
PFS - last trade: $18.98 - Recent Insider Buys:
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust, Inc. (Symbol: AAT), which makes up 0.99% of the PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at AAT: AAT - last trade: $41.38 - Recent Insider Buys: And Provident Financial Services Inc (Symbol: PFS), the #49 largest holding among components of the PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds a total of $991,697 worth of AAT, making it the #13 largest holding. | American Assets Trust, Inc. (Symbol: AAT), which makes up 0.99% of the PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at AAT: AAT - last trade: $41.38 - Recent Insider Buys: And Provident Financial Services Inc (Symbol: PFS), the #49 largest holding among components of the PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds a total of $991,697 worth of AAT, making it the #13 largest holding. | The table below details the recent insider buying activity observed at AAT: AAT - last trade: $41.38 - Recent Insider Buys: And Provident Financial Services Inc (Symbol: PFS), the #49 largest holding among components of the PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ), shows 3 directors and officers as recently filing Form 4's indicating purchases. American Assets Trust, Inc. (Symbol: AAT), which makes up 0.99% of the PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $991,697 worth of AAT, making it the #13 largest holding. | American Assets Trust, Inc. (Symbol: AAT), which makes up 0.99% of the PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $991,697 worth of AAT, making it the #13 largest holding. The table below details the recent insider buying activity observed at AAT: AAT - last trade: $41.38 - Recent Insider Buys: And Provident Financial Services Inc (Symbol: PFS), the #49 largest holding among components of the PowerShares S&P SmallCap Low Volatility Portfolio ( XSLV ), shows 3 directors and officers as recently filing Form 4's indicating purchases. |
21155.0 | 2015-07-15 00:00:00 UTC | Retail Properties of America Starts Strategic Realignment - Analyst Blog | AAT | https://www.nasdaq.com/articles/retail-properties-of-america-starts-strategic-realignment-analyst-blog-2015-07-15 | nan | nan | Retail Properties of America, Inc.RPAI , the Oak Brook, IL-based retail real estate investment trust ("REIT") has commenced strategic realignment of its operating platform. This alignment program is indicative of the company's efforts toward transforming its portfolio.
In fact, Retail Properties of America has undertaken initiatives that are in sync with its strategy to acquire high-quality properties in target markets and disposing off non-core assets. Notably, the company had declared this strategic plan at its Investor Day meet in Jun 2013.
Since the announcement of this strategic plan, Retail Properties of America has acquired high quality, multi-tenant retail assets worth $1 billion in target markets, thereby raising its multi-tenant retail footprint in target markets by 3.2 million square feet. In addition, the company disposed $778.7 million of non-strategic and non-core assets during the period.
Moreover, Retail Properties of America intends to realign its operating platform geographically between the east and west regions. As part of this realignment strategy, the REIT has roped in Timothy Steffan as divisional president - eastern region, who served the role of senior vice president, asset management and commercial leasing for The Macerich Company's MAC eastern region. The company has also promoted Gerry Wright, the senior vice president, director of asset management, to divisional president - western region; and he will act as Mr. Steffan's counterpart for the western region.
Retail Properties of America owns and operates shopping centers in the U.S. which includes power centers, community centers, neighborhood centers, lifestyle centers and single-user retail properties. The latest plan is expected to drive growth in net operating income ("NOI") as well as generate higher returns for shareholders, thereby aiding the company's growth momentum in the near term.
Currently, Retail Properties of America carries a Zacks Rank #4 (Sell), while Macerich carries a Zacks Rank #3 (Hold).
Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT and Pennsylvania Real Estate Investment Trust PEI . Both stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT and Pennsylvania Real Estate Investment Trust PEI . Click to get this free report MACERICH CO (MAC): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, the company had declared this strategic plan at its Investor Day meet in Jun 2013. | Click to get this free report MACERICH CO (MAC): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT and Pennsylvania Real Estate Investment Trust PEI . Since the announcement of this strategic plan, Retail Properties of America has acquired high quality, multi-tenant retail assets worth $1 billion in target markets, thereby raising its multi-tenant retail footprint in target markets by 3.2 million square feet. | Click to get this free report MACERICH CO (MAC): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT and Pennsylvania Real Estate Investment Trust PEI . Since the announcement of this strategic plan, Retail Properties of America has acquired high quality, multi-tenant retail assets worth $1 billion in target markets, thereby raising its multi-tenant retail footprint in target markets by 3.2 million square feet. | Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT and Pennsylvania Real Estate Investment Trust PEI . Click to get this free report MACERICH CO (MAC): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RETAIL PROPERTS (RPAI): Free Stock Analysis Report To read this article on Zacks.com click here. Retail Properties of America, Inc.RPAI , the Oak Brook, IL-based retail real estate investment trust ("REIT") has commenced strategic realignment of its operating platform. |
21156.0 | 2015-07-07 00:00:00 UTC | PREIT (PEI) Divests Springfield Park for $20.2 Million - Analyst Blog | AAT | https://www.nasdaq.com/articles/preit-pei-divests-springfield-park-for-%2420.2-million-analyst-blog-2015-07-07 | nan | nan | In sync with its strategy of disposing non-core assets and recycling the proceeds for enhancing its portfolio, Pennsylvania Real Estate Investment TrustPEI closed the sale of its 50% interest in Springfield Park for $20.2 million. Disposition of this 287,000-square foot, open-air center, situated in Springfield, PA, takes the gross proceeds raised through the ongoing disposition program to around $440 million for PREIT.
Based in Philadelphia, PA, PREIT is a retail real estate investment trust ("REIT") engaged in ownership and management of differentiated retail shopping malls across 12 states in the eastern U.S. The latest transaction is part of PREIT's portfolio-transformation strategy, aimed at adding value to its high-quality mall portfolio. This also corresponds with the company's plans to improve its balance sheet and opportunistically dispose non-core assets.
Notably, on Jun 30, 2015, PREIT entered into an amendment and extension of its unsecured revolving credit facility, as well as introduced a new term-loan facility. With these actions, the company intends to improve its financial flexibility so as to fund growth plans.
PREIT currently has a Zacks Rank #2 (Buy).
Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and EPR Properties EPR . All these stocks hold the same Zacks Rank as PREIT.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and EPR Properties EPR . Click to get this free report PENN RE INV TR (PEI): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. In sync with its strategy of disposing non-core assets and recycling the proceeds for enhancing its portfolio, Pennsylvania Real Estate Investment TrustPEI closed the sale of its 50% interest in Springfield Park for $20.2 million. | Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and EPR Properties EPR . Click to get this free report PENN RE INV TR (PEI): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Based in Philadelphia, PA, PREIT is a retail real estate investment trust ("REIT") engaged in ownership and management of differentiated retail shopping malls across 12 states in the eastern U.S. | Click to get this free report PENN RE INV TR (PEI): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and EPR Properties EPR . Based in Philadelphia, PA, PREIT is a retail real estate investment trust ("REIT") engaged in ownership and management of differentiated retail shopping malls across 12 states in the eastern U.S. | Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and EPR Properties EPR . Click to get this free report PENN RE INV TR (PEI): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. In sync with its strategy of disposing non-core assets and recycling the proceeds for enhancing its portfolio, Pennsylvania Real Estate Investment TrustPEI closed the sale of its 50% interest in Springfield Park for $20.2 million. |
21157.0 | 2015-07-06 00:00:00 UTC | DDR Discloses Second-quarter 2015 Transaction Activities - Analyst Blog | AAT | https://www.nasdaq.com/articles/ddr-discloses-second-quarter-2015-transaction-activities-analyst-blog-2015-07-06 | nan | nan | On Jul 1, DDR Corp.DDR , the Beachwood, OH-based retail real estate investment trust ("REIT") disclosed its transactions activities for second-quarter 2015. During the quarter, the company acquired properties worth $111 million, while disposing $102 million of assets. These transaction activities are in sync with DDR's strategy of reducing non-prime assets and using the proceeds for acquiring core assets with long-term growth potential.
During the quarter, DDR acquired Willowbrook Plaza, a 385,000-square foot power center situated in Houston, TX. Given its present lease rate of 87%, the acquired property promises huge prospects for occupancy as well as net operating income. Additionally, the company acquired International Drive Value Center in Orlando, FL; which is an 186,000-square foot power center boasting the presence of eminent national retailers.
Also, in second-quarter 2015, DDR divested 7 operating assets and 3 land parcels for a total of $60 million as its share. In addition, the company holds another 18 operating assets and 3 land parcels under contract for sale.
DDR acquires, owns, develops, redevelops, leases and manages shopping centers, especially in high-growth areas of the country. In addition, DDR engages in origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers.
DDR currently has a Zacks Rank #4 (Sell).
Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . All these stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. On Jul 1, DDR Corp.DDR , the Beachwood, OH-based retail real estate investment trust ("REIT") disclosed its transactions activities for second-quarter 2015. | Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report DDR CORP (DDR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . These transaction activities are in sync with DDR's strategy of reducing non-prime assets and using the proceeds for acquiring core assets with long-term growth potential. | Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. During the quarter, the company acquired properties worth $111 million, while disposing $102 million of assets. |
21158.0 | 2015-06-18 00:00:00 UTC | Realty Income (O) Raises Monthly Dividend for 81st Time - Analyst Blog | AAT | https://www.nasdaq.com/articles/realty-income-o-raises-monthly-dividend-for-81st-time-analyst-blog-2015-06-18 | nan | nan | Realty Income CorporationO has raised cash dividend for the month of July to 19 cents per share from 18.95 cents on a month-over-month basis. This marks the San Diego, CA-based retail real estate investment trust's ("REIT") 81st dividend hike since it went public in 1994. The move, while boosting investors' confidence in the stock, also underscores the company's financial strength and commitment to enhance shareholders' value.
The latest increase translates into an annualized dividend of $2.28 per share compared with the previous tally of $2.274 per share. This dividend will be paid on Jul 15, 2015 to shareholders of record as of Jul 1.
Realty Income is engaged in in-house acquisition, leasing, legal, financial underwriting, porfolio management and capital market activities. With a history of rewarding its shareholders, the REIT's compound average annualized dividend growth rate stands at around 5% since 1994.
With payment of the latest monthly dividend, which will also be the 540th consecutive monthly dividend, Realty Income will have disbursed more than $3.5 billion as dividends in its 46-year operating history. The company's strong cash flow, generated from more than 4,300 real estate properties owned under long-term lease agreements with regional as well as national commercial tenants, help it pay the monthly dividends in a consistent manner.
Realty Income currently has a Zacks Rank #3 (Hold).
Investors interested in the REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Excel Trust, Inc. EXL . All these stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Excel Trust, Inc. EXL . Click to get this free report EXCEL TRUST INC (EXL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report REALTY INCOME (O): Free Stock Analysis Report To read this article on Zacks.com click here. This marks the San Diego, CA-based retail real estate investment trust's ("REIT") 81st dividend hike since it went public in 1994. | Investors interested in the REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Excel Trust, Inc. EXL . Click to get this free report EXCEL TRUST INC (EXL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report REALTY INCOME (O): Free Stock Analysis Report To read this article on Zacks.com click here. This marks the San Diego, CA-based retail real estate investment trust's ("REIT") 81st dividend hike since it went public in 1994. | Click to get this free report EXCEL TRUST INC (EXL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report REALTY INCOME (O): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Excel Trust, Inc. EXL . With payment of the latest monthly dividend, which will also be the 540th consecutive monthly dividend, Realty Income will have disbursed more than $3.5 billion as dividends in its 46-year operating history. | Investors interested in the REIT industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Excel Trust, Inc. EXL . Click to get this free report EXCEL TRUST INC (EXL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report REALTY INCOME (O): Free Stock Analysis Report To read this article on Zacks.com click here. With payment of the latest monthly dividend, which will also be the 540th consecutive monthly dividend, Realty Income will have disbursed more than $3.5 billion as dividends in its 46-year operating history. |
21159.0 | 2015-06-17 00:00:00 UTC | Agree Realty Acquires 11 Properties for $26.5M: Is It a Buy? - Analyst Blog | AAT | https://www.nasdaq.com/articles/agree-realty-acquires-11-properties-for-%2426.5m%3A-is-it-a-buy-analyst-blog-2015-06-17 | nan | nan | Agree Realty CorporationADC disclosed the acquisition of 11 retail properties for around $26.5 million. The move comes as part of the company's continual efforts to expand its retail net lease portfolio.
This portfolio includes a BJ's Wholesale Club, an IHOP restaurant, a KeyBank KEY and an asset net leased to PetSmart, Staples and Party City. Notably, the deal formed the second component of transaction which also comprised the H-E-B grocery store.
The deal is a strategic fit, given the addition of premium properties as well as new tenants like IHOP, KeyBank and Party City. The buyouts have a weighted-average cap rate of 8.5% and a weighted-average remaining lease term of 10.4 years.
Bloomfield Hills, MI-based Agree Realty focuses on acquisition and development of properties net leased to retail tenants. The company has a solid portfolio of 248 properties spread across 41 states. These properties consist of around 4.9 million square feet of gross leasable space.
Going forward, we believe that an improving economy, rising consumer confidence and job growth would help increase the demand for retail items. This, in turn, is expected to drive the demand for space at the retail real estate investment trusts ("REIT"). Therefore, backed by solid acquisition deals, Agree Realty is well poised to leverage the improving fundamentals along its markets.
Agree Realty currently has a Zacks Rank #2 (Buy). Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Both stocks carry the same Zacks Rank as Agree Realty.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report KEYCORP NEW (KEY): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. This portfolio includes a BJ's Wholesale Club, an IHOP restaurant, a KeyBank KEY and an asset net leased to PetSmart, Staples and Party City. | Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report KEYCORP NEW (KEY): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report KEYCORP NEW (KEY): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Bloomfield Hills, MI-based Agree Realty focuses on acquisition and development of properties net leased to retail tenants. | Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report KEYCORP NEW (KEY): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Agree Realty CorporationADC disclosed the acquisition of 11 retail properties for around $26.5 million. |
21160.0 | 2015-06-16 00:00:00 UTC | DDR Continues with Asset Dispositions: Should You Sell? - Analyst Blog | AAT | https://www.nasdaq.com/articles/ddr-continues-with-asset-dispositions%3A-should-you-sell-analyst-blog-2015-06-16 | nan | nan | We updated our research report on DDR Corp.DDR on Jun 15, 2015.
This Beachwood, OH-based retail real estate investment trust ("REIT") continues with its efforts to enhance its portfolio-mix through divestitures which has near-term dilution effect. During first-quarter 2015, the REIT disposed 31 fully-owned assets for $353 million, while acquiring one shopping center for $49 million.
Further, though DDR's increasing development and redevelopment pipeline is encouraging for future growth, it multiplies operational hazards by exposing the company to rising construction costs, entitlement delays and lease-up risks. In addition, DDR faces competition not only from other retail properties but also from retail channels such as catalogs and e-Commerce websites.
Nevertheless, DDR reported first-quarter 2015 operating funds from operations ("FFO") per share of 30 cents, at par with the Zacks Consensus Estimate and 2 cents above the year-ago quarter figure. Notable leasing momentum, portfolio strengthening activity and rise in same-store net operating income ("NOI") aided the results. Further, DDR's well-diversified portfolio in prosperous regions, long-term lease agreements with tenants, aggressive capital-recycling program and Project Accelerate initiative supported its growth.
Over the past 30 days, the Zacks Consensus Estimate for both 2015 and 2016 has moved south. For 2015, the estimate has edged down 0.8% to $1.22 per share; while for 2016, it declined nearly 1.5% to $1.31 per share. The stock currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Investors interested in the retail REIT industry may consider better-ranked stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Excel Trust, Inc. EXL . All three stocks carry a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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AGREE RLTY CORP (ADC): Free Stock Analysis Report
AMER ASSETS TR (AAT): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider Investors interested in the retail REIT industry may consider better-ranked stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Excel Trust, Inc. EXL . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This Beachwood, OH-based retail real estate investment trust ("REIT") continues with its efforts to enhance its portfolio-mix through divestitures which has near-term dilution effect. | Stocks to Consider Investors interested in the retail REIT industry may consider better-ranked stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Excel Trust, Inc. EXL . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider Investors interested in the retail REIT industry may consider better-ranked stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Excel Trust, Inc. EXL . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Nevertheless, DDR reported first-quarter 2015 operating funds from operations ("FFO") per share of 30 cents, at par with the Zacks Consensus Estimate and 2 cents above the year-ago quarter figure. | Stocks to Consider Investors interested in the retail REIT industry may consider better-ranked stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Excel Trust, Inc. EXL . Click to get this free report DDR CORP (DDR): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Notable leasing momentum, portfolio strengthening activity and rise in same-store net operating income ("NOI") aided the results. |
21161.0 | 2015-06-11 00:00:00 UTC | 13.7% of FRI Holdings Seeing Recent Insider Buys | AAT | https://www.nasdaq.com/articles/137-fri-holdings-seeing-recent-insider-buys-2015-06-11 | nan | nan | A look at the weighted underlying holdings of the First Trust S&P REIT Index Fund ( FRI ) shows an impressive 13.7% of holdings on a weighted basis have experienced insider buying within the past six months.
American Assets Trust, Inc. (Symbol: AAT), which makes up 0.22% of the First Trust S&P REIT Index Fund ( FRI ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $483,396 worth of AAT, making it the #102 largest holding. The table below details the recent insider buying activity observed at AAT:
AAT - last trade: $39.34 - Recent Insider Buys:
And Starwood Waypoint Residential Trust (Symbol: SWAY), the #122 largest holding among components of the First Trust S&P REIT Index Fund ( FRI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $303,200 worth of SWAY, which represents approximately 0.14% of the ETF's total assets at last check. The recent insider buying activity observed at SWAY is detailed in the table below:
SWAY - last trade: $24.95 - Recent Insider Buys:
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust, Inc. (Symbol: AAT), which makes up 0.22% of the First Trust S&P REIT Index Fund ( FRI ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at AAT: AAT - last trade: $39.34 - Recent Insider Buys: And Starwood Waypoint Residential Trust (Symbol: SWAY), the #122 largest holding among components of the First Trust S&P REIT Index Fund ( FRI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds a total of $483,396 worth of AAT, making it the #102 largest holding. | The table below details the recent insider buying activity observed at AAT: AAT - last trade: $39.34 - Recent Insider Buys: And Starwood Waypoint Residential Trust (Symbol: SWAY), the #122 largest holding among components of the First Trust S&P REIT Index Fund ( FRI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. American Assets Trust, Inc. (Symbol: AAT), which makes up 0.22% of the First Trust S&P REIT Index Fund ( FRI ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $483,396 worth of AAT, making it the #102 largest holding. | The table below details the recent insider buying activity observed at AAT: AAT - last trade: $39.34 - Recent Insider Buys: And Starwood Waypoint Residential Trust (Symbol: SWAY), the #122 largest holding among components of the First Trust S&P REIT Index Fund ( FRI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. American Assets Trust, Inc. (Symbol: AAT), which makes up 0.22% of the First Trust S&P REIT Index Fund ( FRI ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $483,396 worth of AAT, making it the #102 largest holding. | American Assets Trust, Inc. (Symbol: AAT), which makes up 0.22% of the First Trust S&P REIT Index Fund ( FRI ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $483,396 worth of AAT, making it the #102 largest holding. The table below details the recent insider buying activity observed at AAT: AAT - last trade: $39.34 - Recent Insider Buys: And Starwood Waypoint Residential Trust (Symbol: SWAY), the #122 largest holding among components of the First Trust S&P REIT Index Fund ( FRI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. |
21162.0 | 2015-06-10 00:00:00 UTC | Simon Property Unveils Expansion Plans in Sawgrass Mills - Analyst Blog | AAT | https://www.nasdaq.com/articles/simon-property-unveils-expansion-plans-in-sawgrass-mills-analyst-blog-2015-06-10 | nan | nan | As per its strategy to continually enhance its portfolio, Simon Property Group Inc.SPG recently unveiled expansion plans at the Sawgrass Mills in Florida. The Indianapolis, IN-based retail real estate investment trust ("REIT") intends to add Town Center, a new full-price component, to Sawgrass. Addition of this lifestyle shopping destination to the globally-renowned Sawgrass Mills will likely be accretive for Simon Property, going forward.
Simon Property is primarily engaged in acquiring, owning and leasing a diverse portfolio of shopping malls. The company's real estate platforms in the U.S. consist of Malls, Premium Outlets, The Mills and other properties. Notably, few days back, at the RECon Global Retail Real Estate Convention, Simon Property announced plans to expand several marquee properties for enhancing its portfolio across the country. Simon Property, undergoing unprecedented redevelopment and expansion across all of its segments, Malls, Premium Outlets, and The Mills, invests around $1 billion annually to improve its portfolio.
Sawgrass Mills is a top-class and dynamic-value outlet as well as retail & entertainment destination, apart from being the second largest tourist spot in Florida. Located at 12801 West Sunrise Blvd in Sunrise, FL, the establishment offers wonderful shopping experience with the presence of over 350 branded outlets and off-price retail stores.
The proposed Town Center will become the third open-air component in the facility. Including world-famous retailers and restaurants, the center will be perfectly suitable for community gatherings and events. Further, it would be easily accessible from both Flamingo and Sunrise Boulevards and will include an additional parking space capable of accommodating 2,000 vehicles.
Expected to be ready by the fall of 2018, Town Center will comprise around 25 new full-price retailers, spanning over 118,000 square feet. Construction on this landmark retail project is slated to begin in early 2017.
Simon Property currently carries a Zacks Rank #3 (Hold). Investors interested in the retail real estate operations industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . All these stocks hold a Zacks Rank #2 (Buy).
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SIMON PROPERTY (SPG): Free Stock Analysis Report
AGREE RLTY CORP (ADC): Free Stock Analysis Report
AMER ASSETS TR (AAT): Free Stock Analysis Report
CEDAR SHOPN CTR (CDR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail real estate operations industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. As per its strategy to continually enhance its portfolio, Simon Property Group Inc.SPG recently unveiled expansion plans at the Sawgrass Mills in Florida. | Investors interested in the retail real estate operations industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail real estate operations industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . The Indianapolis, IN-based retail real estate investment trust ("REIT") intends to add Town Center, a new full-price component, to Sawgrass. | Investors interested in the retail real estate operations industry may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and Cedar Realty Trust, Inc. CDR . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report CEDAR SHOPN CTR (CDR): Free Stock Analysis Report To read this article on Zacks.com click here. As per its strategy to continually enhance its portfolio, Simon Property Group Inc.SPG recently unveiled expansion plans at the Sawgrass Mills in Florida. |
21163.0 | 2015-06-04 00:00:00 UTC | Thursday 6/4 Insider Buying Report: LMIA, AAT | AAT | https://www.nasdaq.com/articles/thursday-64-insider-buying-report-lmia-aat-2015-06-04 | nan | nan | As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At LMI Aerospace ( LMIA ), a filing with the SEC revealed that on Tuesday, Director Gregory L. Summe purchased 200,000 shares of LMIA, at a cost of $10.00 each, for a total investment of $2M. Summe was up about 3.0% on the purchase at the high point of today's trading session, with LMIA trading as high as $10.30 in trading on Thursday. LMI Aerospace is trading down about 0.6% on the day Thursday.
And at American Assets Trust ( AAT ), there was insider buying on Wednesday, by Director Duane Nelles who bought 11,000 shares at a cost of $39.55 each, for a total investment of $435,027. American Assets Trust is trading down about 0.1% on the day Thursday.
VIDEO: Thursday 6/4 Insider Buying Report: LMIA, AAT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | And at American Assets Trust ( AAT ), there was insider buying on Wednesday, by Director Duane Nelles who bought 11,000 shares at a cost of $39.55 each, for a total investment of $435,027. VIDEO: Thursday 6/4 Insider Buying Report: LMIA, AAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. At LMI Aerospace ( LMIA ), a filing with the SEC revealed that on Tuesday, Director Gregory L. Summe purchased 200,000 shares of LMIA, at a cost of $10.00 each, for a total investment of $2M. | And at American Assets Trust ( AAT ), there was insider buying on Wednesday, by Director Duane Nelles who bought 11,000 shares at a cost of $39.55 each, for a total investment of $435,027. VIDEO: Thursday 6/4 Insider Buying Report: LMIA, AAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | And at American Assets Trust ( AAT ), there was insider buying on Wednesday, by Director Duane Nelles who bought 11,000 shares at a cost of $39.55 each, for a total investment of $435,027. VIDEO: Thursday 6/4 Insider Buying Report: LMIA, AAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Summe was up about 3.0% on the purchase at the high point of today's trading session, with LMIA trading as high as $10.30 in trading on Thursday. | And at American Assets Trust ( AAT ), there was insider buying on Wednesday, by Director Duane Nelles who bought 11,000 shares at a cost of $39.55 each, for a total investment of $435,027. VIDEO: Thursday 6/4 Insider Buying Report: LMIA, AAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. |
21164.0 | 2015-05-28 00:00:00 UTC | Simon Property Eyes Portfolio Improvement: Is It a Hold? - Analyst Blog | AAT | https://www.nasdaq.com/articles/simon-property-eyes-portfolio-improvement%3A-is-it-a-hold-analyst-blog-2015-05-28 | nan | nan | We updated our research report on Simon Property Group Inc.SPG on May 27, 2015.
This Indianapolis, IN-based retail real estate investment trust ("REIT") constantly aims to enhance its portfolio quality. The company reported first-quarter 2015 comparable funds from operations ("FFO") of $2.28 per share, which beat the Zacks Consensus Estimate of $2.23. The bottom line comfortably beat the prior-year quarter figure of $2.14 per share. The year-over-year improvement was mainly driven by growth in comparable net operating income ("NOI") as well as occupancy rates.
Notably, Simon Property was recently in the news for making a $16.8-billion takeover bid for its rival The Macerich Company MAC . The bid was, however, rejected by the latter on grounds of undervaluation.
More lately, Simon Property announced its plans at the RECon Global Retail Real Estate Convention to expand several marquee properties for enhancing its portfolio across the country. In fact, the REIT is undergoing unprecedented redevelopment and expansion across all its segments - Malls, Premium Outlets, and The Mills - investing around $1 billion annually for further improving its portfolio.
The company also announced the opening of a 25-store expansion at Las Vegas North Premium Outlets. This expansion is expected to take the company's already strong portfolio to greater heights. This move will also be accretive to the REIT's financials, going forward.
Nevertheless, a large redevelopment and expansion pipeline, comprising high-end projects both on the national and international levels, raises operational hazards for the company, exposing it to rising construction costs, entitlement delays and lease-up risks. Further, stiff competition and anticipation of interest rate hikes in the medium term pose challenges before Simon Property.
Over the past 7 days, the Zacks Consensus Estimate for the stock has remained unchanged at $9.77 for 2015 and $10.66 for 2016.
Currently, Simon Property carries a Zacks Rank #3 (Hold), while Macerich holds a Zacks Rank #2 (Buy).
Key Picks from the Sector
Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Both these stocks carry the same Zacks Rank as Macerich.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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SIMON PROPERTY (SPG): Free Stock Analysis Report
MACERICH CO (MAC): Free Stock Analysis Report
AGREE RLTY CORP (ADC): Free Stock Analysis Report
AMER ASSETS TR (AAT): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, the REIT is undergoing unprecedented redevelopment and expansion across all its segments - Malls, Premium Outlets, and The Mills - investing around $1 billion annually for further improving its portfolio. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . The company reported first-quarter 2015 comparable funds from operations ("FFO") of $2.28 per share, which beat the Zacks Consensus Estimate of $2.23. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Currently, Simon Property carries a Zacks Rank #3 (Hold), while Macerich holds a Zacks Rank #2 (Buy). | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. The company reported first-quarter 2015 comparable funds from operations ("FFO") of $2.28 per share, which beat the Zacks Consensus Estimate of $2.23. |
21165.0 | 2015-05-15 00:00:00 UTC | Simon Property Expands Las Vegas North Premium Outlets - Analyst Blog | AAT | https://www.nasdaq.com/articles/simon-property-expands-las-vegas-north-premium-outlets-analyst-blog-2015-05-15 | nan | nan | In sync with the strategy of enhancing its premium portfolio, Simon Property Group Inc.SPG announced the opening of a 25-store expansion at Las Vegas North Premium Outlets. This expansion is expected to take the Indianapolis, IN-based company's already strong portfolio to greater heights. This move will also be accretive to the REIT's financials, going forward.
Notably, Las Vegas North Premium Outlets is a top-class and well known outlet center in North America. Located at the juncture of Interstate 15 and Charleston Boulevard, the center has 175 stores which offer daily discounts of 25-65%. The expansion includes top-class designers and popular brands such as Neiman Marcus Last Call Studio, Saks Fifth Avenue Off 5th, AG Adriano Goldschmied, AllSaints, Bally, Canali, Catimini, CH Carolina Herrera, Citizen, Helmut Lang, John Varvatos, Rag & Bone, Under Armour, and Vera Bradley. Moreover, the Cheesecake Factory recently added flavor to the expanded Outlets' cuisine.
Simon Property is engaged in acquiring, owning and leasing a diverse portfolio of shopping malls. The company's real estate platforms in the U.S. consist of Malls, Premium Outlets, The Mills and other properties. The firm also enjoys a diversified exposure to retail assets across the U.S. as well as internationally. The latest expansion plan, in sync with the company's usual strategy, will help it better sustain long-term growth compared with its domestically focused peers.
Currently, Simon Property carries a Zacks Rank #3 (Hold).
Investors interested in retail REITs may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and EPR Properties EPR . All these stocks hold a Zacks Rank #2 (Buy).
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SIMON PROPERTY (SPG): Free Stock Analysis Report
AGREE RLTY CORP (ADC): Free Stock Analysis Report
AMER ASSETS TR (AAT): Free Stock Analysis Report
EPR PROPERTIES (EPR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in retail REITs may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and EPR Properties EPR . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. The expansion includes top-class designers and popular brands such as Neiman Marcus Last Call Studio, Saks Fifth Avenue Off 5th, AG Adriano Goldschmied, AllSaints, Bally, Canali, Catimini, CH Carolina Herrera, Citizen, Helmut Lang, John Varvatos, Rag & Bone, Under Armour, and Vera Bradley. | Investors interested in retail REITs may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and EPR Properties EPR . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in retail REITs may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and EPR Properties EPR . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. In sync with the strategy of enhancing its premium portfolio, Simon Property Group Inc.SPG announced the opening of a 25-store expansion at Las Vegas North Premium Outlets. | Investors interested in retail REITs may consider stocks like Agree Realty Corp. ADC , American Assets Trust, Inc. AAT and EPR Properties EPR . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. In sync with the strategy of enhancing its premium portfolio, Simon Property Group Inc.SPG announced the opening of a 25-store expansion at Las Vegas North Premium Outlets. |
21166.0 | 2015-05-15 00:00:00 UTC | Macerich (MAC) Eyes Portfolio Improvement: Is It a Hold? - Analyst Blog | AAT | https://www.nasdaq.com/articles/macerich-mac-eyes-portfolio-improvement%3A-is-it-a-hold-analyst-blog-2015-05-15 | nan | nan | We updated our research report on The Macerich CompanyMAC on May 14, 2015.
This Santa Monica, CA-based retail real estate investment trust ("REIT") boasts a portfolio which consists of premium malls in some of the vibrant U.S. markets. The company reported first-quarter 2015 adjusted funds from operations ("FFO") per share of 86 cents, which beat the Zacks Consensus Estimate of 82 cents and the prior-year quarter figure of 81 cents. Results were backed by a 5% increase in same centers net operating income ("NOI") and 7.4% increase in mall tenant annual sales, both on year-over-year basis.
Notably, Macerich was in the news recently for turning down Simon Property Group Inc.'s SPG $16.8-billion takeover bid on grounds of undervaluation. Thereafter, the company has taken a slew of measures to enhance its portfolio.
Lately, the company has formed a 50/50 joint venture (JV) with retailer Sears Holdings Corp. for 9 of the latter's properties at Macerich Malls. More recently, Macerich revealed the opening of VITA Residences at Tysons Corner Center. This 30-story new luxury apartment tower represented the final leg of the company's mixed-use urban expansion project at Tysons Corner in Northern Virginia.
We believe such expansion activities, while adding value to the trophy asset, would bring in more footfalls at the super-regional mall. Going forward, Macerich's premium portfolio, strategic development efforts, rising mall tenant annual sales per square foot and re-leasing spreads are expected to aid top-line growth.
Yet, presence of alternative retail channels, substantial assets concentration in California and Arizona, and an anticipated rise in interest rate in the medium term pose concerns before Macerich.
Over the past 7 days, the Zacks Consensus Estimate for the stock has remained unchanged at $3.86 for 2015 and $4.16 for 2016.
Both Macerich and Simon Property currently carry a Zacks Rank #3 (Hold).
Key Picks from the Sector
Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Both these stocks hold a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This Santa Monica, CA-based retail real estate investment trust ("REIT") boasts a portfolio which consists of premium malls in some of the vibrant U.S. markets. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Results were backed by a 5% increase in same centers net operating income ("NOI") and 7.4% increase in mall tenant annual sales, both on year-over-year basis. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . The company reported first-quarter 2015 adjusted funds from operations ("FFO") per share of 86 cents, which beat the Zacks Consensus Estimate of 82 cents and the prior-year quarter figure of 81 cents. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like Agree Realty Corp. ADC and American Assets Trust, Inc. AAT . Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Over the past 7 days, the Zacks Consensus Estimate for the stock has remained unchanged at $3.86 for 2015 and $4.16 for 2016. |
21167.0 | 2015-05-15 00:00:00 UTC | Kimco Sees NOI Growth, Repositions Portfolio: Time to Hold? - Analyst Blog | AAT | https://www.nasdaq.com/articles/kimco-sees-noi-growth-repositions-portfolio%3A-time-to-hold-analyst-blog-2015-05-15 | nan | nan | On May 14, 2015, we updated our research report on Kimco Realty CorporationKIM .
This retail real estate investment trust's ("REIT") first-quarter 2015 funds from operations ("FFO") per share, as adjusted, came in at 36 cents, a penny above the Zacks Consensus Estimate and 2 cents ahead of the prior-year quarter figure. Results reflected growth in revenues as well as the U.S. same-property net operating income ("NOI"). The company also raised its full-year 2015 guidance range.
Going forward, Kimco's premium properties in high-growth areas, a tenant roaster containing well-capitalized retailers, investments in high-quality neighborhood as well as community shopping centers, shedding of non-core and weaker assets, and an easy access to capital augur well for growth.
Its first-quarter 2015, Kimco closed deals worth over $1.7 billion and is keen on expanding its small shops portfolio to attract more traffic. Notably, subsequent to the quarter end, Kimco sold 6.4 million shares of SUPERVALU INC. (SVU) common stock. This resulted in a gain of around $32.4 million or 8 cents per share, which the company will recognize in second quarter of 2015.
Yet, competition from other players, dilutive effects of the sale of non-strategic retail assets and an anticipated rise in the rate of interest in the medium term are causes of concern for Kimco.
Over the past 7 days, though the Zacks Consensus Estimate for 2015 has moved down a cent to $1.49; that for 2016 has remained unchanged at $1.54.
The stock currently carries a Zacks Rank #3 (Hold).
Key Picks from the Sector
Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . All these stocks carry a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Going forward, Kimco's premium properties in high-growth areas, a tenant roaster containing well-capitalized retailers, investments in high-quality neighborhood as well as community shopping centers, shedding of non-core and weaker assets, and an easy access to capital augur well for growth. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . This retail real estate investment trust's ("REIT") first-quarter 2015 funds from operations ("FFO") per share, as adjusted, came in at 36 cents, a penny above the Zacks Consensus Estimate and 2 cents ahead of the prior-year quarter figure. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. This resulted in a gain of around $32.4 million or 8 cents per share, which the company will recognize in second quarter of 2015. |
21168.0 | 2015-05-14 00:00:00 UTC | General Growth Properties Sees Rise in NOI: Is It a Hold? - Analyst Blog | AAT | https://www.nasdaq.com/articles/general-growth-properties-sees-rise-in-noi%3A-is-it-a-hold-analyst-blog-2015-05-14 | nan | nan | We updated our research report on General Growth Properties Inc.GGP on May 13, 2015.
This Chicago, IL-based retail real estate investment trust ("REIT") boasts a portfolio that is complemented by flagship urban retail properties which are much in demand by retailers. The company reported first-quarter 2015 funds from operations ("FFO") per share of 32 cents, which were in line with the Zacks Consensus Estimate and a penny above the year-ago quarter figure. Results were backed by a 3.3% increase in comparable net operating income ("NOI"). The company also reported a rise in initial rental rates.
We expect this trend to continue going forward. We believe that amid improving market fundamentals, the company's portfolio, consisting mainly of Class A regional malls, is well poised to generate decent cash flows, given its cluster of renowned tenants and efforts to support omni-channel retailing.
Yet, stiff competition limits any robust demand for the company's properties; large construction pipeline increases its operational risks, while an anticipated hike in interest rates in the medium term would adversely impact its financing costs.
Over the past 7 days, the Zacks Consensus Estimate has remained unchanged at $1.43 for 2015 and $1.61 for 2016.
The stock currently carries a Zacks Rank #3 (Hold).
Key Picks from the Sector
Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . All these stock carry a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . Click to get this free report GENL GRWTH PPTY (GGP): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. The company reported first-quarter 2015 funds from operations ("FFO") per share of 32 cents, which were in line with the Zacks Consensus Estimate and a penny above the year-ago quarter figure. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . Click to get this free report GENL GRWTH PPTY (GGP): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . Click to get this free report GENL GRWTH PPTY (GGP): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key Picks from the Sector Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . Click to get this free report GENL GRWTH PPTY (GGP): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Over the past 7 days, the Zacks Consensus Estimate has remained unchanged at $1.43 for 2015 and $1.61 for 2016. |
21169.0 | 2015-05-14 00:00:00 UTC | Regency Amends Credit Facility to Boost Financial Flexibility - Analyst Blog | AAT | https://www.nasdaq.com/articles/regency-amends-credit-facility-to-boost-financial-flexibility-analyst-blog-2015-05-14 | nan | nan | Regency Centers Corporation 's REG announced the amendment of its current unsecured revolving credit facility of $800 million. The move would allow the company to enjoy greater financial flexibility.
Specifically, Regency's amendment would extend the maturity date of the facility to May 13, 2019 and there would be options to further postpone the date for two more six-month periods. Apart from this benefit of maturity extension, the move would allow Regency to experience lower applicable interest rate.
Initially, interest rate on the facility would be applied at an annual rate of LIBOR plus 100 basis points (bps) on any drawn balance. It would include an annual 20 bps facility fee on the total $800 million capacity. Notably, the interest rate has been determined on the basis of the higher one of the company's present corporate credit ratings from Moody's and S&P.
For Regency, we believe that lower borrowing costs would save its dollars and maturity date extension would offer more financial flexibility, which in turn, would support its growth needs. The company is focused on building a premium portfolio of grocery-anchored shopping centers, which are usually necessity-driven and hence, attract dependable traffic. This augurs well for the company's long-term profitability.
Last week, Regency also came up with encouraging results for first-quarter 2015. The company recorded core funds from operations ("FFO") of 74 cents per share that beat the Zacks Consensus Estimate by 2 cents. Further, the results compared favorably with the year-ago quarter tally of 69 cents. Better-than-expected results were attributable to strong growth in same property net operating income.
Regency currently carries a Zacks Rank #3 (Hold). Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . All these stock carry a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Regency Centers Corporation 's REG announced the amendment of its current unsecured revolving credit facility of $800 million. | Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . The company recorded core funds from operations ("FFO") of 74 cents per share that beat the Zacks Consensus Estimate by 2 cents. | Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT , Excel Trust, Inc. EXL and EPR Properties EPR . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report EXCEL TRUST INC (EXL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from this benefit of maturity extension, the move would allow Regency to experience lower applicable interest rate. |
21170.0 | 2015-05-07 00:00:00 UTC | Regency (REG) Q1 FFO, Revenues Beat Estimates, Up Y/Y - Analyst Blog | AAT | https://www.nasdaq.com/articles/regency-reg-q1-ffo-revenues-beat-estimates-up-y-y-analyst-blog-2015-05-07 | nan | nan | Regency Centers Corporation 's REG core funds from operations ("FFO") of 74 cents per share beat the Zacks Consensus Estimate by 2 cents. Further, the results compared favorably with the year-ago quarter tally of 69 cents. Better-than-expected results were attributable to strong growth in same property net operating income ("NOI").
Total revenue for the quarter rose 4% year over year to nearly $163.9 million, exceeding the Zacks Consensus Estimate of $132 million.
Behind the Headlines
For the first quarter, same property net operating income ("SPNOI"), excluding termination fees, climbed 4.4% on a year-over-year basis, with same-space rental rate (for spaces vacant for less than 12 months) growing 29.5% on new leases and 6.6% on renewal leases.
As on Mar 31, 2015, the company's same properties portfolio was 95.7% leased, up 60 basis points (bps) year over year. On the other hand, all of its properties were 95.5% leased, up 100 bps year over year.
During the reported quarter, Regency disposed one 21,049 square-feet wholly owned asset in Pittsfield, MI for $3.5 million.
Further, at quarter end, the company had 7 projects in development (estimated net development cost of $234.2 million) and 12 redevelopment projects in process (total estimated incremental investment upon completion of $57.4 million).
Regency exited 2014 with cash and cash equivalents of about $49.4 million, down from $128.5 million as on Dec 31, 2014. The company's total outstanding debt stood at $1.99 billion on Mar 31 2015, down from $2.02 billion at prior-year end.
2015 Outlook Up
Regency revised its 2015 core FFO per share and FFO per share to the respective ranges of $2.93-$2.97 and $2.91-$2.95 from the earlier projections of $2.91-$2.97 and $2.89-$2.95.
Further, the company anticipates 2015 SPNOI growth, excluding termination fees, in a range of 3.2-4% from the earlier band of 3-4%. The Zacks Consensus Estimate for 2015 is currently pegged at $2.96, well within the company's guided range.
Our Take
Going forward, we believe that Regency's focus on building a premium portfolio of grocery-anchored shopping centers would augur well for its future. Such centers are usually necessity-driven and attract dependable traffic.
Regency currently carries a Zacks Rank #3 (Hold). Investors interested in the retail REIT industry may consider stocks like American Realty Capital Properties, Inc. ARCP , American Assets Trust, Inc. AAT and EPR Properties EPR . While American Realty Capital sports a Zacks Rank #1 (Strong Buy), both American Assets Trust and EPR Properties carry a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like American Realty Capital Properties, Inc. ARCP , American Assets Trust, Inc. AAT and EPR Properties EPR . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report AMER REALTY CAP (ARCP): Free Stock Analysis Report To read this article on Zacks.com click here. During the reported quarter, Regency disposed one 21,049 square-feet wholly owned asset in Pittsfield, MI for $3.5 million. | Investors interested in the retail REIT industry may consider stocks like American Realty Capital Properties, Inc. ARCP , American Assets Trust, Inc. AAT and EPR Properties EPR . Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report AMER REALTY CAP (ARCP): Free Stock Analysis Report To read this article on Zacks.com click here. While American Realty Capital sports a Zacks Rank #1 (Strong Buy), both American Assets Trust and EPR Properties carry a Zacks Rank #2 (Buy). | Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report AMER REALTY CAP (ARCP): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like American Realty Capital Properties, Inc. ARCP , American Assets Trust, Inc. AAT and EPR Properties EPR . Total revenue for the quarter rose 4% year over year to nearly $163.9 million, exceeding the Zacks Consensus Estimate of $132 million. | Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report EPR PROPERTIES (EPR): Free Stock Analysis Report AMER REALTY CAP (ARCP): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like American Realty Capital Properties, Inc. ARCP , American Assets Trust, Inc. AAT and EPR Properties EPR . Total revenue for the quarter rose 4% year over year to nearly $163.9 million, exceeding the Zacks Consensus Estimate of $132 million. |
21171.0 | 2015-04-30 00:00:00 UTC | Taubman Centers (TCO) Q1 FFO & Revenues Beat, Down Y/Y - Analyst Blog | AAT | https://www.nasdaq.com/articles/taubman-centers-tco-q1-ffo-revenues-beat-down-y-y-analyst-blog-2015-04-30 | nan | nan | Retail real estate investment trust ("REIT"), Taubman Centers Inc. 's TCO first-quarter 2015 funds from operations ("FFO") per share of 81 cents beat the Zacks Consensus Estimate of 74 cents. However, it fell 10% from the year-ago tally of 90 cents.
Revenues came in at nearly $129.0 million, marginally exceeding the Zacks Consensus Estimate of $128 million, but the figure was down 26.2% year over year.
Quarter in Detail
Comparable center net operating income ("NOI"), excluding lease cancellation income, rose 3.7% year over year; while average rent per square foot was $60.12, climbing 4.2% from the year-ago quarter. For the trailing 12-month period, releasing spreads per square foot were 31.8%.
Mall tenant sales per square foot increased 2.3% year over year. As a result, the tally of 12-month trailing mall tenant sales per square foot reached $813, depicting a rise of 0.5% from the 12-months ending on Mar 31, 2014.
As of Mar 31, 2015, comparable centers' portfolio was 95.5% leased, denoting a 0.5% slip year over year; while ending occupancy was 92.7%, reflecting 0.4% decline from the year-ago period.
Liquidity
Taubman exited first-quarter 2015 with cash and cash equivalents of $105.5 million, down from $276.4 million at year-end 2014.
2015 Outlook
Taubman has revised its outlook for 2015. The company now expects 2015 FFO per share in the range of $3.20-$3.28 as against the prior range of $3.18-$3.28. The Zacks Consensus Estimate of $3.23 per share also lies in this range.
The company's 2015 outlook is backed by comparable center NOI growth (excluding lease cancellation income) of 2.5-3.0% for the year, down from the prior projection of about 3.0%. The decline was due to lower-than-expected rent growth in the company's Consumer Price Index escalations in several tenant leases.
The Mall of San Juan Update
In April, Taubman announced the raising of its ownership stake to 95% in The Mall of San Juan, Puerto Rico. This retail REIT, which previously enjoyed 80% stake in the Mall, added another 15% at cost. The remaining 5% is retained by New Century Development, Inc.
The move comes as a strategic fit for Taubman, given the solid value of the property. Opened on Mar 26 this year, The Mall of San Juan is an upscale shopping destination in Puerto Rico, and the first location for Nordstrom Inc. JWN and Saks Fifth Avenue in the Caribbean.
Dividend and Share Repurchase
In March, ushering in good news for its shareholders, Taubman announced a 4.6% increase in its quarterly dividend rate to 56.5 cents per share on its common stock. Moreover, Taubman announced an increase in its share repurchase program by $250 million. As a result, the $200 million share repurchase program, authorized in Aug 2013, was extended to $450 million.
During the first quarter, the company purchased over 1.15 million shares of common stock at an average price of $73.69 per share. Finally, as of Mar 31, 2015, the company had around $313 million available under its current share repurchases authorization.
Our Viewpoint
Though results were down year over year, we believe that going forward, the company is well poised to grow on the back of a solid retail portfolio and strong tenant base. Stake rise in the premium property, The Mall of San Juan, augur well for its future. Dividend hike and share repurchase boost investors' confidence on the stock. Yet, stiff competition, growing online sales and an anticipated rise in interest rates remain our concerns.
Taubman currently has a Zacks Rank #3 (Hold). Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT and Realty Income Corporation O . Both stocks carry a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT and Realty Income Corporation O . Click to get this free report NORDSTROM INC (JWN): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report REALTY INCOME (O): Free Stock Analysis Report To read this article on Zacks.com click here. The company's 2015 outlook is backed by comparable center NOI growth (excluding lease cancellation income) of 2.5-3.0% for the year, down from the prior projection of about 3.0%. | Click to get this free report NORDSTROM INC (JWN): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report REALTY INCOME (O): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT and Realty Income Corporation O . Retail real estate investment trust ("REIT"), Taubman Centers Inc. 's TCO first-quarter 2015 funds from operations ("FFO") per share of 81 cents beat the Zacks Consensus Estimate of 74 cents. | Click to get this free report NORDSTROM INC (JWN): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report REALTY INCOME (O): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT and Realty Income Corporation O . Quarter in Detail Comparable center net operating income ("NOI"), excluding lease cancellation income, rose 3.7% year over year; while average rent per square foot was $60.12, climbing 4.2% from the year-ago quarter. | Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. AAT and Realty Income Corporation O . Click to get this free report NORDSTROM INC (JWN): Free Stock Analysis Report TAUBMAN CENTERS (TCO): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report REALTY INCOME (O): Free Stock Analysis Report To read this article on Zacks.com click here. Retail real estate investment trust ("REIT"), Taubman Centers Inc. 's TCO first-quarter 2015 funds from operations ("FFO") per share of 81 cents beat the Zacks Consensus Estimate of 74 cents. |
21172.0 | 2015-04-21 00:00:00 UTC | Will Nasdaq (NDAQ) Surprise Earnings Estimates in Q1? - Analyst Blog | AAT | https://www.nasdaq.com/articles/will-nasdaq-ndaq-surprise-earnings-estimates-in-q1-analyst-blog-2015-04-21 | nan | nan | The Nasdaq OMX Group, Inc.NDAQ is set to report first-quarter 2015 results on Apr 23. Last quarter, it posted a positive earnings surprise of 1.35%. Let's see how things are shaping up for this announcement.
Factors Influencing This Past Quarter
Nasdaq has been consistently expanding its technological offerings. In March, the company entered the Noble Markets by offering X-Stream trading technology thereby enabling its customers to buy and sell cryptocurrencies and other digital assets. Moreover, in January, Nasdaq entered into a strategic alliance with Japan Exchange Group to offer its valued support services for derivative trading to JPX's operating subsidiary - Osaka Exchange. These initiatives not only expanded the company's global footprint but also enhanced its business prospects, which should reflect positively on its earnings.
However, Nasdaq's trading volumes witnessed fluctuations in the last four quarters. While volumes for equities declined in the U.S., it improved in Europe in Mar 2015. Fixed income volumes improved in the U.S. and decreased in Europe in Mar 2015. Average rate per contract also remained weak. These factors are expected to weigh upon the top line in the first quarter and hence on the earnings.
Earnings Whispers
Our proven model does not conclusively show that Nasdaq is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 for this to happen. That is not the case here as you will see below.
Zacks ESP: Nasdaq has an ESP of 0.00%. That is because both the Most Accurate Estimate and the Zacks Consensus Estimate stand at 77 cents.
Zacks Rank: Nasdaq has a Zacks Rank #3 (Hold) which increases the predictive power of ESP. However, a 0.00% ESP makes surprise prediction difficult.
We caution against Sell-rated stocks (Zacks Rank #4 and 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies from the broader finance industry you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
AllianceBernstein Holding L.P. AB has an Earnings ESP of +11.76% and a Zacks Rank #1 (Strong Buy).
AerCap Holdings N.V. AER has an Earnings ESP of +0.79% and a Zacks Rank #2 (Buy).
American Assets Trust, Inc. AAT has an Earnings ESP of +2.44% and a Zacks Rank #3.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust, Inc. AAT has an Earnings ESP of +2.44% and a Zacks Rank #3. Click to get this free report NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report AERCAP HLDGS NV (AER): Free Stock Analysis Report To read this article on Zacks.com click here. In March, the company entered the Noble Markets by offering X-Stream trading technology thereby enabling its customers to buy and sell cryptocurrencies and other digital assets. | Click to get this free report NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report AERCAP HLDGS NV (AER): Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust, Inc. AAT has an Earnings ESP of +2.44% and a Zacks Rank #3. Stocks to Consider Here are some companies from the broader finance industry you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: AllianceBernstein Holding L.P. AB has an Earnings ESP of +11.76% and a Zacks Rank #1 (Strong Buy). | Click to get this free report NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report AERCAP HLDGS NV (AER): Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust, Inc. AAT has an Earnings ESP of +2.44% and a Zacks Rank #3. Zacks Rank: Nasdaq has a Zacks Rank #3 (Hold) which increases the predictive power of ESP. | American Assets Trust, Inc. AAT has an Earnings ESP of +2.44% and a Zacks Rank #3. Click to get this free report NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report AERCAP HLDGS NV (AER): Free Stock Analysis Report To read this article on Zacks.com click here. Last quarter, it posted a positive earnings surprise of 1.35%. |
21173.0 | 2015-03-10 00:00:00 UTC | American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for March 11, 2015 | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc-aat-ex-dividend-date-scheduled-march-11-2015-2015-03-10 | nan | nan | American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on March 11, 2015. A cash dividend payment of $0.2325 per share is scheduled to be paid on March 27, 2015. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 5.68% increase over the same period a year ago.
The previous trading day's last sale of AAT was $40.54, representing a -10.09% decrease from the 52 week high of $45.09 and a 26.06% increase over the 52 week low of $32.16.
AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). AAT's current earnings per share, an indicator of a company's profitability, is $.33. Zacks Investment Research reports AAT's forecasted earnings growth in 2015 as 5.25%, compared to an industry average of 4.7%.
For more information on the declaration, record and payment dates, visit the AAT Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports AAT's forecasted earnings growth in 2015 as 5.25%, compared to an industry average of 4.7%. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on March 11, 2015. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAT was $40.54, representing a -10.09% decrease from the 52 week high of $45.09 and a 26.06% increase over the 52 week low of $32.16. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on March 11, 2015. The previous trading day's last sale of AAT was $40.54, representing a -10.09% decrease from the 52 week high of $45.09 and a 26.06% increase over the 52 week low of $32.16. |
21174.0 | 2015-02-13 00:00:00 UTC | Taubman Centers (TCO) Q4 FFO Tops, Falls Y/Y, Guides Low - Analyst Blog | AAT | https://www.nasdaq.com/articles/taubman-centers-tco-q4-ffo-tops-falls-y-y-guides-low-analyst-blog-2015-02-13 | nan | nan | Retail real estate investment trust ("REIT"), Taubman Centers Inc. 's ( TCO ) fourth-quarter 2014 adjusted funds from operations ("FFO") per share came in at $1.00, down 9.9% from $1.11 in the year-ago period. The Zacks Consensus Estimate for the stock was pegged at 97 cents.
Taubman also guided its 2015 adjusted FFO per share lower than the Zacks Consensus Estimate. Revenues came in at $158.3 million, down 25.2% from the prior-year quarter and lagging the Zacks Consensus Estimate of $172 million.
For full year 2014, Taubman reported adjusted FFO per share of $3.67, edging up 0.5% from $3.65 reported a year ago. Full-year revenues came in at $679.1 million, down 11.5% year over year.
Quarter in Detail
Comparable center net operating income ("NOI"), excluding lease cancellation income, rose 1.9% year over year, while average rent per square foot was $61.19, climbing 5.6% from the year-ago quarter. For the trailing 12-month period, releasing spreads per square foot were 32.1%.
Comparable mall tenant sales per square foot were $809 for 2014, reflecting a 1.2% decrease from 2013. However, for fourth-quarter 2014, mall tenant sales per square foot grew 0.7%. The electronics group continued to be strained, while softness in the South American tourism affected the results. As of Dec 31, 2014, comparable centers' portfolio was 96.7% leased, denoting a 0.8% slip, while ending occupancy was 95.4%, reflecting 0.9% decline.
Notably, in October, the company accomplished the previously disclosed sale of seven malls to Starwood for a total consideration, excluding transaction costs of $1.4 billion.
Liquidity
As of Dec 31, 2014, Taubman's cash and cash equivalents were $276.4 million, up from around $41 million at year-end 2013.
2015 Outlook
Taubman has established its outlook for 2015. The company expects 2015 FFO per share in the range of $3.18 to $3.28. This comes below the Zacks Consensus Estimate of $3.54 per share.
The company's 2015 outlook is backed by comparable center NOI growth (excluding lease cancellation income) of about 3% for the year. It also takes into account the year-over-year negative impact from Taubman's sale of seven centers to Starwood in Oct 2014. The seven centers attributed 46 cents to adjusted FFO per share in the company's 9.5 months of ownership.
Our Viewpoint
Though results were down year over year, we believe that going forward, the company is well poised to improve its results on the back of a solid retail portfolio and strong tenant base. Besides, strategic investments in high-end markets bode well for its top-line growth. However, though the disposition moves are a strategic fit, these will tend to dilute earnings in the near term.
Taubman currently has a Zacks Rank #3 (Hold). Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. ( AAT ), Pennsylvania Real Estate Investment Trust ( PEI ) and Regency Centers Corporation ( REG ). All these stocks carry a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. ( AAT ), Pennsylvania Real Estate Investment Trust ( PEI ) and Regency Centers Corporation ( REG ). Click to get this free report TAUBMAN CENTERS (TCO): Free Stock Analysis Report REGENCY CTRS CP (REG): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Retail real estate investment trust ("REIT"), Taubman Centers Inc. 's ( TCO ) fourth-quarter 2014 adjusted funds from operations ("FFO") per share came in at $1.00, down 9.9% from $1.11 in the year-ago period. | Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. ( AAT ), Pennsylvania Real Estate Investment Trust ( PEI ) and Regency Centers Corporation ( REG ). Click to get this free report TAUBMAN CENTERS (TCO): Free Stock Analysis Report REGENCY CTRS CP (REG): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Retail real estate investment trust ("REIT"), Taubman Centers Inc. 's ( TCO ) fourth-quarter 2014 adjusted funds from operations ("FFO") per share came in at $1.00, down 9.9% from $1.11 in the year-ago period. | Click to get this free report TAUBMAN CENTERS (TCO): Free Stock Analysis Report REGENCY CTRS CP (REG): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. ( AAT ), Pennsylvania Real Estate Investment Trust ( PEI ) and Regency Centers Corporation ( REG ). For full year 2014, Taubman reported adjusted FFO per share of $3.67, edging up 0.5% from $3.65 reported a year ago. | Investors interested in the retail REIT industry may consider stocks like American Assets Trust, Inc. ( AAT ), Pennsylvania Real Estate Investment Trust ( PEI ) and Regency Centers Corporation ( REG ). Click to get this free report TAUBMAN CENTERS (TCO): Free Stock Analysis Report REGENCY CTRS CP (REG): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Quarter in Detail Comparable center net operating income ("NOI"), excluding lease cancellation income, rose 1.9% year over year, while average rent per square foot was $61.19, climbing 5.6% from the year-ago quarter. |
21175.0 | 2015-02-12 00:00:00 UTC | Regency Q4 FFO Misses Estimates by a Penny, Up Y/Y - Analyst Blog | AAT | https://www.nasdaq.com/articles/regency-q4-ffo-misses-estimates-by-a-penny-up-y-y-analyst-blog-2015-02-12 | nan | nan | Regency Centers Corporation 's ( REG ) core funds from operations ("FFO") of 71 cents per share missed the Zacks Consensus Estimate by a penny. However, the results compared favorably with the year-ago quarter figure of 66 cents. While the company experienced a year-over-year rise in revenues, its operating expenses too, moved north, leading to the estimate miss.
Total revenue for the quarter rose 8.1% year over year to nearly $136.2 million, exceeding the Zacks Consensus Estimate of $134 million. However, operating expenses also climbed 5.5% to $90.8 million.
For full year 2014, Regency reported core FFO per share of $2.82 per share, up from $2.63 per share reported a year ago. Full-year 2014 revenues came in at $537.9 million, denoting a rise of 10% year over year.
Behind the Headline Numbers
For the fourth quarter, same property net operating income ("SPNOI"), excluding termination fees, climbed 5.3% on a year-over-year basis, with same-space rental rate (for spaces vacant for less than 12 months) growing 16.9% on new leases and 8.2% on renewal leases.
At the end of 2014, the company's same properties portfolio was 95.8% leased, unchanged sequentially. On the other hand, all of its properties were 95.4% leased, up 10 basis points (bps) sequentially.
During the reported quarter, Regency disposed one co-investment asset for $14.7 million ($7.4 million being the company's share of the gross sales price) and five wholly owned properties for $57.4 million.
Meanwhile, the company and a co-investment partner acquired Broadway Market for $43.0 million (Regency's share of the purchase price being $8.6 million). Also, the company acquired 50% stake of its co-investment partner in Indian Springs Center for $26.6 million (including $12.6 million of secured mortgage debt assumption).
Further, at quarter end, the company had 7 projects in development (estimated net development costs of $232.2 million) and 14 redevelopment projects in process (total estimated incremental investment upon completion of $67.5 million).
Regency exited 2014 with cash and cash equivalents of about $121.8 million, up from $90.2 million at the prior-year end. The company's total outstanding debt stood at $2.02 billion on Dec 31 2014, up from $1.85 billion at the prior-year end. Notably, during the quarter, the company reaped gross proceeds of $55.0 million through its at-the-market common equity program.
Notably, in Jan 2015, Regency had provided preliminary results for 2014 and raised its dividend by 3.2% to 48.5 cents per share. The dividend will be paid on Mar 5, 2015 to shareholders of record as of Feb 23 (for a detailed version please read: Regency Unveils 2014 Preliminary Results, Raises Dividend).
Outlook 2015
Regency expects 2015 core FFO per share and FFO per share in the respective ranges of $2.91-$2.97 and $2.89-$2.95. Further, it anticipates 2015 SPNOI growth, excluding termination fees, in a range of 3-4%. The Zacks Consensus Estimate for 2015 is currently pegged at $2.96, well within the company's guided range.
Our Take
An earnings miss, even by a penny is discouraging. However, going forward, we believe that the company's focus on building a premium portfolio of grocery-anchored shopping centers would augur well. Such centers are usually necessity driven and attract dependable traffic. The dividend hike also boosts investor's confidence on the stock.
Regency currently carries a Zacks Rank #2 (Buy). Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ( ADC ), American Assets Trust, Inc. ( AAT ) and Pennsylvania Real Estate Investment Trust ( PEI ). All these stocks have the same Zacks Rank as Regency.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ( ADC ), American Assets Trust, Inc. ( AAT ) and Pennsylvania Real Estate Investment Trust ( PEI ). Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Regency Centers Corporation 's ( REG ) core funds from operations ("FFO") of 71 cents per share missed the Zacks Consensus Estimate by a penny. | Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ( ADC ), American Assets Trust, Inc. ( AAT ) and Pennsylvania Real Estate Investment Trust ( PEI ). Regency Centers Corporation 's ( REG ) core funds from operations ("FFO") of 71 cents per share missed the Zacks Consensus Estimate by a penny. | Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ( ADC ), American Assets Trust, Inc. ( AAT ) and Pennsylvania Real Estate Investment Trust ( PEI ). During the reported quarter, Regency disposed one co-investment asset for $14.7 million ($7.4 million being the company's share of the gross sales price) and five wholly owned properties for $57.4 million. | Investors interested in the retail REIT industry may also consider stocks like Agree Realty Corp. ( ADC ), American Assets Trust, Inc. ( AAT ) and Pennsylvania Real Estate Investment Trust ( PEI ). Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. During the reported quarter, Regency disposed one co-investment asset for $14.7 million ($7.4 million being the company's share of the gross sales price) and five wholly owned properties for $57.4 million. |
21176.0 | 2015-02-11 00:00:00 UTC | Federal Realty (FRT) Q4 FFO and Revenues Beat Estimates - Analyst Blog | AAT | https://www.nasdaq.com/articles/federal-realty-frt-q4-ffo-and-revenues-beat-estimates-analyst-blog-2015-02-11 | nan | nan | Federal Realty Investment Trust ( FRT ) posted fourth-quarter 2014 funds from operations ("FFO") per share of $1.28, beating the Zacks Consensus Estimate by 5 cents and the year-ago quarter figure by 10 cents. Higher revenues and improved same-store portfolio performance aided the results.
For 2014, Federal Realty posted FFO per share of $4.94, beating the Zacks Consensus Estimate of $4.90 and outpacing the year-ago quarter figure of $4.61.
Total revenue for the quarter grew 7.6% year over year to $176.4 million, surpassing the Zacks Consensus Estimate of $176 million.
For 2014, total revenue rose 7.6% year over year to $686.1 million, beating the Zacks Consensus Estimate of $676 million.
Inside the Headlines
During the fourth quarter, Federal Realty inked 83 lease deals for 343,896 square feet of space. As of Dec 31, 2014, the company's overall portfolio was 95.6% leased, down 20 basis points year over year.
On a comparable space basis (spaces for which a former tenant was there), Federal Realty leased 306,860 square feet, at an average cash-basis contractual rent escalation of 20% per square foot. Rent increases (GAAP basis) for comparable retail space averaged 32% per square foot.
Same-center property operating income (excluding redevelopments and expansions) improved 3% year over year in the quarter. As of Dec 31, 2014, Federal Realty's same-center portfolio was 95.8% leased, unchanged year over year.
Subsequent to the quarter end, in Jan, Federal Realty acquired a controlling interest in a 376,000 square feet San Antonio Shopping Center in Mountain View, CA, for $62.2 million.
Federal Realty exited the fourth quarter with cash and cash equivalents of approximately $48 million, compared to $23.9 million at the end of Sep 2014.
2015 Guidance
Federal Realty has kept the 2015 FFO guidance unchanged in the range of $5.26-$5.34. The Zacks Consensus Estimate of $5.31 falls within this range.
Dividend Update
Concurrent with the earnings release, Federal Realty declared a quarterly dividend of 87 cents. The dividend is payable on Apr 15, 2015 to shareholders of record as of Mar 20.
Our Take
We are encouraged with Federal Realty's solid quarterly performance. The company's portfolio of Class A shopping centers, along with the diversified tenant base, comprising grocery stores and low-end discount retailers, position it well to maintain the upward trend. Additionally, Federal Realty's focus on exploring expansion opportunities in premium markets, which generate income growth and long-term value creation potential, bodes well.
Federal Realty currently carries a Zacks Rank #3 (Hold). Investors interested in the retail REIT industry may consider stocks like Pennsylvania Real Estate Investment Trust ( PEI ), Regency Centers Corporation ( REG ) and American Assets Trust, Inc. ( AAT ), each holding a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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AMER ASSETS TR (AAT): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may consider stocks like Pennsylvania Real Estate Investment Trust ( PEI ), Regency Centers Corporation ( REG ) and American Assets Trust, Inc. ( AAT ), each holding a Zacks Rank #2 (Buy). Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report FED RLTY INV (FRT): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Subsequent to the quarter end, in Jan, Federal Realty acquired a controlling interest in a 376,000 square feet San Antonio Shopping Center in Mountain View, CA, for $62.2 million. | Investors interested in the retail REIT industry may consider stocks like Pennsylvania Real Estate Investment Trust ( PEI ), Regency Centers Corporation ( REG ) and American Assets Trust, Inc. ( AAT ), each holding a Zacks Rank #2 (Buy). Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report FED RLTY INV (FRT): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Federal Realty Investment Trust ( FRT ) posted fourth-quarter 2014 funds from operations ("FFO") per share of $1.28, beating the Zacks Consensus Estimate by 5 cents and the year-ago quarter figure by 10 cents. | Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report FED RLTY INV (FRT): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may consider stocks like Pennsylvania Real Estate Investment Trust ( PEI ), Regency Centers Corporation ( REG ) and American Assets Trust, Inc. ( AAT ), each holding a Zacks Rank #2 (Buy). Federal Realty Investment Trust ( FRT ) posted fourth-quarter 2014 funds from operations ("FFO") per share of $1.28, beating the Zacks Consensus Estimate by 5 cents and the year-ago quarter figure by 10 cents. | Investors interested in the retail REIT industry may consider stocks like Pennsylvania Real Estate Investment Trust ( PEI ), Regency Centers Corporation ( REG ) and American Assets Trust, Inc. ( AAT ), each holding a Zacks Rank #2 (Buy). Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report FED RLTY INV (FRT): Free Stock Analysis Report PENN RE INV TR (PEI): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Total revenue for the quarter grew 7.6% year over year to $176.4 million, surpassing the Zacks Consensus Estimate of $176 million. |
21177.0 | 2014-12-30 00:00:00 UTC | Macerich (MAC) Scales a New 52-Week High: Time to Buy? - Analyst Blog | AAT | https://www.nasdaq.com/articles/macerich-mac-scales-a-new-52-week-high%3A-time-to-buy-analyst-blog-2014-12-30 | nan | nan | Shares of The Macerich Company ( MAC ) touched a new 52-week high of $84.77 on Dec 29. However, the stock closed the session at $84.00, reflecting a solid return of 47.0% in a year's time. The trading volume for the session was 645,276 shares.
Despite the strong price appreciation, this Zacks Rank #2 (Buy) stock still has plenty of upside left, given the positive estimate revisions it witnessed over the past 30 days. Further, the expected long-term earnings per share growth rate for this retail real estate investment trust ("REIT") now stands at 5.1%.
Growth Drivers
Macerich focuses on acquiring premium malls in some of the vibrant U.S. markets. Further, the presence of a cluster of well-capitalized industry-leading tenants keeps the company's growth momentum alive. In November, Macerich gained ownership of five premium malls for $1.89 billion. This acquisition is expected to boost the company's mall tenant sales, going forward.
On Oct 28, Macerich reported third-quarter 2014 funds from operations ("FFO") of 88 cents per share, which missed the Zacks Consensus Estimate by a penny, but came 2 cents above the prior-year quarter figure. Results were attributable to higher mall tenant annual sales and rise in same centers net operating income ("NOI"). In fact, mall tenant annual sales for the third quarter rose 4% year over year to $571 per square foot.
Echoing similar sentiments, the Zacks Consensus Estimate for both 2014 and 2015 moved north. Specifically, over the last 30 days, the estimate for 2014 edged up 0.3% to $3.59 per share, while that for 2015 advanced 0.5% to $3.86 per share.
Other Stocks to Consider
Other top-ranked stocks in this space include American Assets Trust, Inc. ( AAT ), CBL & Associates Properties Inc. ( CBL ) and Kimco Realty Corporation ( KIM ). All these stocks hold a Zacks Rank #2, same as Macerich.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks to Consider Other top-ranked stocks in this space include American Assets Trust, Inc. ( AAT ), CBL & Associates Properties Inc. ( CBL ) and Kimco Realty Corporation ( KIM ). Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Despite the strong price appreciation, this Zacks Rank #2 (Buy) stock still has plenty of upside left, given the positive estimate revisions it witnessed over the past 30 days. | Other Stocks to Consider Other top-ranked stocks in this space include American Assets Trust, Inc. ( AAT ), CBL & Associates Properties Inc. ( CBL ) and Kimco Realty Corporation ( KIM ). Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other top-ranked stocks in this space include American Assets Trust, Inc. ( AAT ), CBL & Associates Properties Inc. ( CBL ) and Kimco Realty Corporation ( KIM ). On Oct 28, Macerich reported third-quarter 2014 funds from operations ("FFO") of 88 cents per share, which missed the Zacks Consensus Estimate by a penny, but came 2 cents above the prior-year quarter figure. | Other Stocks to Consider Other top-ranked stocks in this space include American Assets Trust, Inc. ( AAT ), CBL & Associates Properties Inc. ( CBL ) and Kimco Realty Corporation ( KIM ). Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This acquisition is expected to boost the company's mall tenant sales, going forward. |
21178.0 | 2014-12-19 00:00:00 UTC | Is General Growth Buying NYC Crown Building with Sutton? - Analyst Blog | AAT | https://www.nasdaq.com/articles/is-general-growth-buying-nyc-crown-building-with-sutton-analyst-blog-2014-12-19 | nan | nan | Industry rumors hint that General Growth Properties Inc. ( GGP ) is mulling over a possible acquisition of New York City's reputed asset - the Crown Building - in partnership with Jeffrey Sutton, a landlord. The news, reported by Bloomberg, cited people familiar with the negotiations.
Per this report, the allies might be shelling out $1.75 billion for this 390,000-square-foot tower at 730 Fifth Avenue. The retail tenants of this building include jewelers Bulgari SpA and K. Mikimoto & Co.
Notably, Fifth Avenue is regarded as one of the best shopping streets in the world. It draws tourists and wealthy shoppers, and consequently, landlords command high rents for space in this area. In fact, as per a study released last month by Cushman & Wakefield Inc. (cited by Bloomberg), the Upper Fifth Avenue enjoys the highest average retail rents in the world ($3,500 a square foot).
We believe that this deal, if materializes, would help General Growth Properties to capitalize on the growing fundamentals of this shopping street and thereby, drive its own profitability.
In fact, we believe that the company's strategic acquisitions, portfolio-repositioning efforts and initiatives to strengthen ties with its customers would help it to ride on the growth trajectory. The company is also enthusiastically embracing the Omni-channel concept - right through the collaboration for availing digital coupon facilities across its properties as well as same-day delivery services.
In addition, General Growth Properties came up with encouraging results for third-quarter 2014 in October. It reported an earnings surprise of 3.13%, propelled by an increase in initial rental rates and rise in same-store net operating income.
General Growth Properties currently has a Zacks Rank #2 (Buy). Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. ( AAT ), Kimco Realty Corporation ( KIM ) and Retail Opportunity Investments Corp. ( ROIC ). All these stocks carry the same rank as General Growth Properties.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. ( AAT ), Kimco Realty Corporation ( KIM ) and Retail Opportunity Investments Corp. ( ROIC ). Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RETAIL OPPURTUN (ROIC): Free Stock Analysis Report To read this article on Zacks.com click here. Industry rumors hint that General Growth Properties Inc. ( GGP ) is mulling over a possible acquisition of New York City's reputed asset - the Crown Building - in partnership with Jeffrey Sutton, a landlord. | Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. ( AAT ), Kimco Realty Corporation ( KIM ) and Retail Opportunity Investments Corp. ( ROIC ). Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RETAIL OPPURTUN (ROIC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RETAIL OPPURTUN (ROIC): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. ( AAT ), Kimco Realty Corporation ( KIM ) and Retail Opportunity Investments Corp. ( ROIC ). Industry rumors hint that General Growth Properties Inc. ( GGP ) is mulling over a possible acquisition of New York City's reputed asset - the Crown Building - in partnership with Jeffrey Sutton, a landlord. | Investors interested in the retail REIT industry may also consider stocks like American Assets Trust, Inc. ( AAT ), Kimco Realty Corporation ( KIM ) and Retail Opportunity Investments Corp. ( ROIC ). Click to get this free report KIMCO REALTY CO (KIM): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report RETAIL OPPURTUN (ROIC): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Fifth Avenue is regarded as one of the best shopping streets in the world. |
21179.0 | 2014-12-16 00:00:00 UTC | Regency Provides Guidance for 2015, Revises 2014 Outlook - Analyst Blog | AAT | https://www.nasdaq.com/articles/regency-provides-guidance-for-2015-revises-2014-outlook-analyst-blog-2014-12-16 | nan | nan | Regency Centers Corporation ( REG ), the Jacksonville, FL-based retail Real Estate Investment Trust ("REIT") has updated 2014 earnings guidance. The retailer has also provided initial full-year earnings guidance for 2015.
The company has raised the 2014 core funds from operations ("FFO") per share guidance to $2.81-$2.83 from the earlier projection of $2.80-$2.83. Similarly, it has increased the 2014 FFO per share guidance to $2.88-$2.91 from $2.80-$2.83. Regency has also updated the 2014 same property net operating income ("SPNOI") growth, excluding termination fees, to 3.9%-4.1% from 3.5%-3.8%.
Notably, Regency acquired shares of AmREIT, Inc. for a total investment of $14.3 million. However, on Oct 31, 2014, AmREIT made the announcement of entering into a definitive agreement, by which it will be acquired by Edens Investment Trust.
Subsequently, Regency liquidated its equity position in AmREIT, which led to a net gain of around $6.0 million. This net gain has been reflected in 2014 FFO guidance. However, as the deal is one-time in nature, the gain has not been reflected in 2014 core FFO guidance.
Regency expects the 2015 core FFO per share and FFO per share in the range of $2.91-$2.97 and $2.89-$ 2.95, respectively. Further, it anticipates 2015 SPNOI growth, excluding termination fees, in a range of 3%-4%.
Currently, Regency carries a Zacks Rank #2 (Buy). Investors interested in retail-REITs may also consider other top-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Co. ( MAC ) and CBL & Associates Properties Inc. ( CBL ). All these stocks hold the same Zacks Rank as Regency.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in retail-REITs may also consider other top-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Co. ( MAC ) and CBL & Associates Properties Inc. ( CBL ). Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Regency Centers Corporation ( REG ), the Jacksonville, FL-based retail Real Estate Investment Trust ("REIT") has updated 2014 earnings guidance. | Investors interested in retail-REITs may also consider other top-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Co. ( MAC ) and CBL & Associates Properties Inc. ( CBL ). Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Regency has also updated the 2014 same property net operating income ("SPNOI") growth, excluding termination fees, to 3.9%-4.1% from 3.5%-3.8%. | Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in retail-REITs may also consider other top-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Co. ( MAC ) and CBL & Associates Properties Inc. ( CBL ). Regency expects the 2015 core FFO per share and FFO per share in the range of $2.91-$2.97 and $2.89-$ 2.95, respectively. | Investors interested in retail-REITs may also consider other top-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Co. ( MAC ) and CBL & Associates Properties Inc. ( CBL ). Click to get this free report REGENCY CTRS CP (REG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report CBL&ASSOC PPTYS (CBL): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This net gain has been reflected in 2014 FFO guidance. |
21180.0 | 2014-12-15 00:00:00 UTC | Simon Property Starts Work at Tampa Premium Outlets - Analyst Blog | AAT | https://www.nasdaq.com/articles/simon-property-starts-work-at-tampa-premium-outlets-analyst-blog-2014-12-15 | nan | nan | In sync with its strategy of enhancing the Premium Outlets portfolio, Simon Property Group, Inc. ( SPG ) initiated construction at its multi-million dollar project, the Tampa Premium Outlets in Wesley Chapel, FL. The Indianapolis, IN-based retail real estate investment trust ("REIT") expects the property to start operations in Oct 2015.
Tampa Premium Outlets, offering 441,000 square feet of leasable space, will house a diversified tenant roster of over 110 retailers. Located at the intersection of I-75 and State Road 56, Tampa Outlets is expected to become the top shopping destination in the Tampa Bay region serving the northern Hillsborough and Pasco Counties. Further, upon completion, the center is expected to create 300-500 construction jobs and over 800 full-time and part-time retail job openings.
Given the strategic position of the Tampa Premium Outlets and demand for destination shopping, we expect it to enhance Simon Property's top-line prospects going forward.
Lately, Simon Property has been actively capitalizing on growth opportunities in top markets worldwide, with special focus on enhancing its Premium Outlets portfolio. (Read more: Simon Property to Invest $2.5B in Premium Outlets in 2015 )
Currently, Simon Property carries a Zacks Rank #3 (Hold). Investors interested in retail-REITs may consider better-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Company ( MAC ) and DDR Corp. ( DDR ). All these stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in retail-REITs may consider better-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Company ( MAC ) and DDR Corp. ( DDR ). Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report DDR CORP (DDR): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Tampa Premium Outlets, offering 441,000 square feet of leasable space, will house a diversified tenant roster of over 110 retailers. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report DDR CORP (DDR): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in retail-REITs may consider better-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Company ( MAC ) and DDR Corp. ( DDR ). In sync with its strategy of enhancing the Premium Outlets portfolio, Simon Property Group, Inc. ( SPG ) initiated construction at its multi-million dollar project, the Tampa Premium Outlets in Wesley Chapel, FL. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report DDR CORP (DDR): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in retail-REITs may consider better-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Company ( MAC ) and DDR Corp. ( DDR ). In sync with its strategy of enhancing the Premium Outlets portfolio, Simon Property Group, Inc. ( SPG ) initiated construction at its multi-million dollar project, the Tampa Premium Outlets in Wesley Chapel, FL. | Investors interested in retail-REITs may consider better-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Company ( MAC ) and DDR Corp. ( DDR ). Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report DDR CORP (DDR): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Given the strategic position of the Tampa Premium Outlets and demand for destination shopping, we expect it to enhance Simon Property's top-line prospects going forward. |
21181.0 | 2014-12-09 00:00:00 UTC | American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for December 10, 2014 | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc-aat-ex-dividend-date-scheduled-december-10-2014-2014-12-09 | nan | nan | American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on December 10, 2014. A cash dividend payment of $0.2325 per share is scheduled to be paid on December 26, 2014. Shareholders who purchased AAT stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 5.68% increase over the prior quarter. At the current stock price of $39.61, the dividend yield is 2.35%.
The previous trading day's last sale of AAT was $39.61, representing a -1.15% decrease from the 52 week high of $40.07 and a 29.28% increase over the 52 week low of $30.64.
AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). AAT's current earnings per share, an indicator of a company's profitability, is $.28. Zacks Investment Research reports AAT's forecasted earnings growth in 2014 as 4.38%, compared to an industry average of 5%.
For more information on the declaration, record and payment dates, visit the AAT Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased AAT stock prior to the ex-dividend date are eligible for the cash dividend payment. AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports AAT's forecasted earnings growth in 2014 as 4.38%, compared to an industry average of 5%. | Shareholders who purchased AAT stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on December 10, 2014. | Shareholders who purchased AAT stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAT was $39.61, representing a -1.15% decrease from the 52 week high of $40.07 and a 29.28% increase over the 52 week low of $30.64. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | Shareholders who purchased AAT stock prior to the ex-dividend date are eligible for the cash dividend payment. AAT's current earnings per share, an indicator of a company's profitability, is $.28. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on December 10, 2014. |
21182.0 | 2014-12-09 00:00:00 UTC | Simon Property to Invest $2.5B in Premium Outlets in 2015 - Analyst Blog | AAT | https://www.nasdaq.com/articles/simon-property-to-invest-%242.5b-in-premium-outlets-in-2015-analyst-blog-2014-12-09 | nan | nan | Simon Property Group Inc. ( SPG ) continues to enhance its Premium Outlets portfolio. The Indianapolis, IN-based retail real estate investment trust ("REIT") is all set to invest $2.5 billion in its Premium Outlets portfolio for a global development pipeline of 6.4 million square feet. The company's world-class portfolio of 84 Premium Outlets offer an upscale fashion shopping experience to customers.
Simon Property is engaged in acquiring, owning and leasing a diverse portfolio of shopping centers, including Malls, Premium Outlets, The Mills and other properties. The high quality Premium Outlets, witnessing significantly higher retail sales than the rest of the industry, might have encouraged the retailer to globally expand its Premium Outlets portfolio at a rapid pace.
Construction activities continue on both domestic and international fronts. In the U.S., four new outlet centers are slated to open in 2015. These include a 242,000 square feet center in Vancouver Designer Outlet, a 375,000 square feet center in Gloucester Premium Outlets, Tucson Premium Outlets spanning 366,000 square feet and Tampa Premium Outlets covering 441,000 square feet.
Further, Simon Property is all set to begin construction work at five new domestic Premium Outlets. These include a 355,000 square feet center in Columbus, OH, a 351,000 square feet center in Norfolk, VA, a 392,000 square feet center in Clarksburg, MD, a 318,000 square feet center in Tulsa, OK and a 350,000 square feet center in Denver, CO.
Excellent performance of existing overseas centers has encouraged Simon Property to internationally expand its Premium Outlets portfolio. The company recently completed the expansion of certain Premium Outlets portfolio in Japan and Korea, with activities continuing at other centers in Mexico, Korea and Japan.
Further, fresh construction of Premium Outlets is expected to begin in Malaysia and Korea. Due to high demand from retailers, Simon Property also continues to reinvest in or redevelop its existing outlet assets.
Currently, Simon Property has a Zacks Rank #3 (Hold). Investors interested in Retail-REITs may consider better-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Company ( MAC ) and DDR Corp. ( DDR ). All these stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in Retail-REITs may consider better-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Company ( MAC ) and DDR Corp. ( DDR ). Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report DDR CORP (DDR): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. The company's world-class portfolio of 84 Premium Outlets offer an upscale fashion shopping experience to customers. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report DDR CORP (DDR): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in Retail-REITs may consider better-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Company ( MAC ) and DDR Corp. ( DDR ). These include a 242,000 square feet center in Vancouver Designer Outlet, a 375,000 square feet center in Gloucester Premium Outlets, Tucson Premium Outlets spanning 366,000 square feet and Tampa Premium Outlets covering 441,000 square feet. | Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report DDR CORP (DDR): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in Retail-REITs may consider better-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Company ( MAC ) and DDR Corp. ( DDR ). These include a 242,000 square feet center in Vancouver Designer Outlet, a 375,000 square feet center in Gloucester Premium Outlets, Tucson Premium Outlets spanning 366,000 square feet and Tampa Premium Outlets covering 441,000 square feet. | Investors interested in Retail-REITs may consider better-ranked stocks like American Assets Trust, Inc. ( AAT ), The Macerich Company ( MAC ) and DDR Corp. ( DDR ). Click to get this free report SIMON PROPERTY (SPG): Free Stock Analysis Report DDR CORP (DDR): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. The Indianapolis, IN-based retail real estate investment trust ("REIT") is all set to invest $2.5 billion in its Premium Outlets portfolio for a global development pipeline of 6.4 million square feet. |
21183.0 | 2014-12-08 00:00:00 UTC | Ex-Dividend Reminder: American Assets Trust, Broadridge Financial Solutions and AVIV REIT | AAT | https://www.nasdaq.com/articles/ex-dividend-reminder-american-assets-trust-broadridge-financial-solutions-and-aviv-reit | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 12/10/14, American Assets Trust, Inc. (Symbol: AAT), Broadridge Financial Solutions (Symbol: BR), and AVIV REIT, Inc. (Symbol: AVIV) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust, Inc. will pay its quarterly dividend of $0.2325 on 12/26/14, Broadridge Financial Solutions will pay its quarterly dividend of $0.27 on 1/2/15, and AVIV REIT, Inc. will pay its quarterly dividend of $0.36 on 12/19/15. As a percentage of AAT's recent stock price of $39.44, this dividend works out to approximately 0.59%, so look for shares of American Assets Trust, Inc. to trade 0.59% lower - all else being equal - when AAT shares open for trading on 12/10/14. Similarly, investors should look for BR to open 0.59% lower in price and for AVIV to open 1.05% lower, all else being equal.
Below are dividend history charts for AAT, BR, and AVIV, showing historical dividends prior to the most recent ones declared.
American Assets Trust, Inc. (Symbol: AAT) :
Broadridge Financial Solutions (Symbol: BR) :
AVIV REIT, Inc. (Symbol: AVIV) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.36% for American Assets Trust, Inc., 2.36% for Broadridge Financial Solutions, and 4.19% for AVIV REIT, Inc. .
In Monday trading, American Assets Trust, Inc. shares are currently up about 0.9%, Broadridge Financial Solutions shares are up about 0.6%, and AVIV REIT, Inc. shares are up about 1.5% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As a percentage of AAT's recent stock price of $39.44, this dividend works out to approximately 0.59%, so look for shares of American Assets Trust, Inc. to trade 0.59% lower - all else being equal - when AAT shares open for trading on 12/10/14. Looking at the universe of stocks we cover at Dividend Channel , on 12/10/14, American Assets Trust, Inc. (Symbol: AAT), Broadridge Financial Solutions (Symbol: BR), and AVIV REIT, Inc. (Symbol: AVIV) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for AAT, BR, and AVIV, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel , on 12/10/14, American Assets Trust, Inc. (Symbol: AAT), Broadridge Financial Solutions (Symbol: BR), and AVIV REIT, Inc. (Symbol: AVIV) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust, Inc. (Symbol: AAT) : Broadridge Financial Solutions (Symbol: BR) : AVIV REIT, Inc. (Symbol: AVIV) : In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AAT's recent stock price of $39.44, this dividend works out to approximately 0.59%, so look for shares of American Assets Trust, Inc. to trade 0.59% lower - all else being equal - when AAT shares open for trading on 12/10/14. | Looking at the universe of stocks we cover at Dividend Channel , on 12/10/14, American Assets Trust, Inc. (Symbol: AAT), Broadridge Financial Solutions (Symbol: BR), and AVIV REIT, Inc. (Symbol: AVIV) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust, Inc. (Symbol: AAT) : Broadridge Financial Solutions (Symbol: BR) : AVIV REIT, Inc. (Symbol: AVIV) : In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AAT's recent stock price of $39.44, this dividend works out to approximately 0.59%, so look for shares of American Assets Trust, Inc. to trade 0.59% lower - all else being equal - when AAT shares open for trading on 12/10/14. | As a percentage of AAT's recent stock price of $39.44, this dividend works out to approximately 0.59%, so look for shares of American Assets Trust, Inc. to trade 0.59% lower - all else being equal - when AAT shares open for trading on 12/10/14. American Assets Trust, Inc. (Symbol: AAT) : Broadridge Financial Solutions (Symbol: BR) : AVIV REIT, Inc. (Symbol: AVIV) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Looking at the universe of stocks we cover at Dividend Channel , on 12/10/14, American Assets Trust, Inc. (Symbol: AAT), Broadridge Financial Solutions (Symbol: BR), and AVIV REIT, Inc. (Symbol: AVIV) will all trade ex-dividend for their respective upcoming dividends. |
21184.0 | 2014-12-05 00:00:00 UTC | Simon Property & Cassco to Build Shops in Edwards Ranch - Analyst Blog | AAT | https://www.nasdaq.com/articles/simon-property-cassco-to-build-shops-in-edwards-ranch-analyst-blog-2014-12-05 | nan | nan | Simon Property Group Inc. 's ( SPG ) portfolio enhancement activities continue. The Indianapolis, IN-based retail real estate investment trust ("REIT") has teamed up with Cassco Development Company, the development arm of Edwards Ranch, to develop around 500,000 square feet of shopping place on the famous Edwards Ranch. Notably, shops at Clearfork will be anchored by Neiman Marcus, a luxury specialty department store owned by the Neiman Marcus Group, with headquarters in Dallas, TX.
Given the huge expertise of Simon Property in successfully constructing retail shops, the execution standard of the project is expected to uphold the legacy and tradition of Edwards Ranch. Further, the project will likely fetch economic benefits to the Fort Worth area.
The project will include 100 high-end specialty stores, along with a luxury theater. It will offer a unique shopping and dining experience for the Fort Worth community. With construction work expected to start in spring 2015, the property will likely be inaugurated in Feb 2017.
Shops at Clearfork are part of the Master Plan for Clearfork. The aim of the Master Plan is to offer an integrated, mixed-use development project, comprising 2 million square feet of office space, 1.2 million square feet of retail and 2,500 multi-family residential units.
In recent times, Simon Property has taken a spate of initiatives to enhance its retail portfolio. Notably, last month, Simon Property revealed the accumulation of 3.6% stake in The Macerich Company ( MAC ), a reputed Retail-REIT company. Simon Property may also seek a waiver for excess share provision (that limits stake ownership of over 5%), which could pave its way for further increasing stake in the company.
Currently, Simon Property has a Zacks Rank #3 (Hold), while Macerich holds a Zacks Rank #2 (Buy). Investors interested in Retail-REITs may consider stocks like American Assets Trust, Inc. ( AAT ) and DDR Corp. ( DDR ). Both these stocks hold the same rank as Macerich.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in Retail-REITs may consider stocks like American Assets Trust, Inc. ( AAT ) and DDR Corp. ( DDR ). Click to get this free report DDR CORP (DDR): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Given the huge expertise of Simon Property in successfully constructing retail shops, the execution standard of the project is expected to uphold the legacy and tradition of Edwards Ranch. | Click to get this free report DDR CORP (DDR): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in Retail-REITs may consider stocks like American Assets Trust, Inc. ( AAT ) and DDR Corp. ( DDR ). The aim of the Master Plan is to offer an integrated, mixed-use development project, comprising 2 million square feet of office space, 1.2 million square feet of retail and 2,500 multi-family residential units. | Click to get this free report DDR CORP (DDR): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in Retail-REITs may consider stocks like American Assets Trust, Inc. ( AAT ) and DDR Corp. ( DDR ). The Indianapolis, IN-based retail real estate investment trust ("REIT") has teamed up with Cassco Development Company, the development arm of Edwards Ranch, to develop around 500,000 square feet of shopping place on the famous Edwards Ranch. | Investors interested in Retail-REITs may consider stocks like American Assets Trust, Inc. ( AAT ) and DDR Corp. ( DDR ). Click to get this free report DDR CORP (DDR): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, shops at Clearfork will be anchored by Neiman Marcus, a luxury specialty department store owned by the Neiman Marcus Group, with headquarters in Dallas, TX. |
21185.0 | 2014-09-25 00:00:00 UTC | American Assets Trust is Oversold | AAT | https://www.nasdaq.com/articles/american-assets-trust-oversold-2014-09-25 | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks , according to a proprietary formula designed to identify those stocks that combine two important characteristics - strong fundamentals and a valuation that looks inexpensive. American Assets Trust, Inc. (Symbol: AAT) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making American Assets Trust, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $32.915 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of American Assets Trust, Inc., the RSI reading has hit 29.5 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 41.5. A falling stock price - all else being equal - creates a better opportunity for dividend investors to capture a higher yield. Indeed, AAT's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 2.65% based upon the recent $33.31 share price.
A bullish investor could look at AAT's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAT is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at AAT's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. American Assets Trust, Inc. (Symbol: AAT) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $32.915 per share. | Indeed, AAT's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 2.65% based upon the recent $33.31 share price. American Assets Trust, Inc. (Symbol: AAT) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $32.915 per share. | American Assets Trust, Inc. (Symbol: AAT) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $32.915 per share. Indeed, AAT's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 2.65% based upon the recent $33.31 share price. | Indeed, AAT's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 2.65% based upon the recent $33.31 share price. American Assets Trust, Inc. (Symbol: AAT) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $32.915 per share. |
21186.0 | 2014-09-09 00:00:00 UTC | American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for September 10, 2014 | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc-aat-ex-dividend-date-scheduled-september-10-2014-2014-09-09 | nan | nan | American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on September 10, 2014. A cash dividend payment of $0.22 per share is scheduled to be paid on September 26, 2014. Shareholders who purchased AAT stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AAT has paid the same dividend. At the current stock price of $35.47, the dividend yield is 2.48%.
The previous trading day's last sale of AAT was $35.47, representing a -1.03% decrease from the 52 week high of $35.84 and a 21.68% increase over the 52 week low of $29.15.
AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). AAT's current earnings per share, an indicator of a company's profitability, is $.02. Zacks Investment Research reports AAT's forecasted earnings growth in 2014 as 3.9%, compared to an industry average of 3.8%.
For more information on the declaration, record and payment dates, visit the AAT Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased AAT stock prior to the ex-dividend date are eligible for the cash dividend payment. AAT is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). Zacks Investment Research reports AAT's forecasted earnings growth in 2014 as 3.9%, compared to an industry average of 3.8%. | AAT's current earnings per share, an indicator of a company's profitability, is $.02. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on September 10, 2014. | Shareholders who purchased AAT stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AAT has paid the same dividend. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | Shareholders who purchased AAT stock prior to the ex-dividend date are eligible for the cash dividend payment. American Assets Trust, Inc. ( AAT ) will begin trading ex-dividend on September 10, 2014. This marks the 4th quarter that AAT has paid the same dividend. |
21187.0 | 2014-09-04 00:00:00 UTC | Sector Update: Health-Care Stocks Mixed Pre-Market | AAT | https://www.nasdaq.com/articles/sector-update-health-care-stocks-mixed-pre-market-2014-09-04 | nan | nan | Top Health-care stocks:
JNJ: +0.21%
PFE: -0.24%
ABT: flat
MRK: flat
AMGN: flat
Health-care shares were mixed in pre-market trade Thursday.
In health-care stocks news, Aradigm Corporation ( ARDM ) shares were nearly 6% higher in recent pre-market trade after saying the U.S. Food and Drug Administration has granted Fast Track designation to its Pulmaquin drug candidate to treat non-cystic fibrosis bronchiectasis patients with chronic lung infections with Pseudomonas aeruginosa.
ARDM is trading in the lower half of the 52-week range between $6.60 and $15.96. The company is currently in phase 3 clinical trials for that indication.
And, Kamada ( KMDA ) dropped more than 17% to a new 52-week low of $5.92 off a trading halt. The company says the European Phase 2/3 clinical study of its inhaled Alpha-1 antitrypsin ( AAT ) therapy to treat Alpha-1 antitrypsin deficiency did not meet primary and secondary endpoints.
It said primary and secondary endpoints did not achieve statistical significance in the Intent-to-Treat population. The shares' regular session 52-week range is $6.33 - $17.95.
Finally, Biopharmaceutical company Clovis Oncology ( CLVS ) late Wednesday priced a private placement of $250 million worth of convertible senior notes due 2021. Net proceeds will be used for general corporate purposes.
The notes will bear a 2.50% interest, payable semi-annually on March 15th and September 15th of each year. The initial conversion rate is 16.1616 shares of Clovis Oncology's common stock per $1,000 principal amount of notes, which is equivalent to the initial conversion price of approximately $61.88 per share of common stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The company says the European Phase 2/3 clinical study of its inhaled Alpha-1 antitrypsin ( AAT ) therapy to treat Alpha-1 antitrypsin deficiency did not meet primary and secondary endpoints. In health-care stocks news, Aradigm Corporation ( ARDM ) shares were nearly 6% higher in recent pre-market trade after saying the U.S. Food and Drug Administration has granted Fast Track designation to its Pulmaquin drug candidate to treat non-cystic fibrosis bronchiectasis patients with chronic lung infections with Pseudomonas aeruginosa. Finally, Biopharmaceutical company Clovis Oncology ( CLVS ) late Wednesday priced a private placement of $250 million worth of convertible senior notes due 2021. | The company says the European Phase 2/3 clinical study of its inhaled Alpha-1 antitrypsin ( AAT ) therapy to treat Alpha-1 antitrypsin deficiency did not meet primary and secondary endpoints. ABT: flat MRK: flat AMGN: flat Health-care shares were mixed in pre-market trade Thursday. The initial conversion rate is 16.1616 shares of Clovis Oncology's common stock per $1,000 principal amount of notes, which is equivalent to the initial conversion price of approximately $61.88 per share of common stock. | The company says the European Phase 2/3 clinical study of its inhaled Alpha-1 antitrypsin ( AAT ) therapy to treat Alpha-1 antitrypsin deficiency did not meet primary and secondary endpoints. In health-care stocks news, Aradigm Corporation ( ARDM ) shares were nearly 6% higher in recent pre-market trade after saying the U.S. Food and Drug Administration has granted Fast Track designation to its Pulmaquin drug candidate to treat non-cystic fibrosis bronchiectasis patients with chronic lung infections with Pseudomonas aeruginosa. The initial conversion rate is 16.1616 shares of Clovis Oncology's common stock per $1,000 principal amount of notes, which is equivalent to the initial conversion price of approximately $61.88 per share of common stock. | The company says the European Phase 2/3 clinical study of its inhaled Alpha-1 antitrypsin ( AAT ) therapy to treat Alpha-1 antitrypsin deficiency did not meet primary and secondary endpoints. Top Health-care stocks: The initial conversion rate is 16.1616 shares of Clovis Oncology's common stock per $1,000 principal amount of notes, which is equivalent to the initial conversion price of approximately $61.88 per share of common stock. |
21188.0 | 2014-09-04 00:00:00 UTC | Sector Update: Health Care | AAT | https://www.nasdaq.com/articles/sector-update-health-care-2014-09-04-1 | nan | nan | Health-care shares were mixed in pre-market trade Thursday.
In health-care stocks news, Aradigm Corporation ( ARDM ) shares were nearly 6% higher in recent pre-market trade after saying the U.S. Food and Drug Administration has granted Fast Track designation to its Pulmaquin drug candidate to treat non-cystic fibrosis bronchiectasis patients with chronic lung infections with Pseudomonas aeruginosa.
ARDM is trading in the lower half of the 52-week range between $6.60 and $15.96. The company is currently in phase 3 clinical trials for that indication.
And, Kamada ( KMDA ) dropped more than 17% to a new 52-week low of $5.92 off a trading halt. The company says the European Phase 2/3 clinical study of its inhaled Alpha-1 antitrypsin ( AAT ) therapy to treat Alpha-1 antitrypsin deficiency did not meet primary and secondary endpoints.
It said primary and secondary endpoints did not achieve statistical significance in the Intent-to-Treat population. The shares' regular session 52-week range is $6.33 - $17.95.
Finally, Biopharmaceutical company Clovis Oncology ( CLVS ) late Wednesday priced a private placement of $250 million worth of convertible senior notes due 2021. Net proceeds will be used for general corporate purposes.
The notes will bear a 2.50% interest, payable semi-annually on March 15th and September 15th of each year. The initial conversion rate is 16.1616 shares of Clovis Oncology's common stock per $1,000 principal amount of notes, which is equivalent to the initial conversion price of approximately $61.88 per share of common stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The company says the European Phase 2/3 clinical study of its inhaled Alpha-1 antitrypsin ( AAT ) therapy to treat Alpha-1 antitrypsin deficiency did not meet primary and secondary endpoints. In health-care stocks news, Aradigm Corporation ( ARDM ) shares were nearly 6% higher in recent pre-market trade after saying the U.S. Food and Drug Administration has granted Fast Track designation to its Pulmaquin drug candidate to treat non-cystic fibrosis bronchiectasis patients with chronic lung infections with Pseudomonas aeruginosa. Finally, Biopharmaceutical company Clovis Oncology ( CLVS ) late Wednesday priced a private placement of $250 million worth of convertible senior notes due 2021. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The company says the European Phase 2/3 clinical study of its inhaled Alpha-1 antitrypsin ( AAT ) therapy to treat Alpha-1 antitrypsin deficiency did not meet primary and secondary endpoints. The initial conversion rate is 16.1616 shares of Clovis Oncology's common stock per $1,000 principal amount of notes, which is equivalent to the initial conversion price of approximately $61.88 per share of common stock. | The company says the European Phase 2/3 clinical study of its inhaled Alpha-1 antitrypsin ( AAT ) therapy to treat Alpha-1 antitrypsin deficiency did not meet primary and secondary endpoints. In health-care stocks news, Aradigm Corporation ( ARDM ) shares were nearly 6% higher in recent pre-market trade after saying the U.S. Food and Drug Administration has granted Fast Track designation to its Pulmaquin drug candidate to treat non-cystic fibrosis bronchiectasis patients with chronic lung infections with Pseudomonas aeruginosa. The initial conversion rate is 16.1616 shares of Clovis Oncology's common stock per $1,000 principal amount of notes, which is equivalent to the initial conversion price of approximately $61.88 per share of common stock. | The company says the European Phase 2/3 clinical study of its inhaled Alpha-1 antitrypsin ( AAT ) therapy to treat Alpha-1 antitrypsin deficiency did not meet primary and secondary endpoints. Health-care shares were mixed in pre-market trade Thursday. In health-care stocks news, Aradigm Corporation ( ARDM ) shares were nearly 6% higher in recent pre-market trade after saying the U.S. Food and Drug Administration has granted Fast Track designation to its Pulmaquin drug candidate to treat non-cystic fibrosis bronchiectasis patients with chronic lung infections with Pseudomonas aeruginosa. |
21189.0 | 2014-07-03 00:00:00 UTC | Agrium Closes Turf and Ornamental Business Sale to Koch - Analyst Blog | AAT | https://www.nasdaq.com/articles/agrium-closes-turf-and-ornamental-business-sale-to-koch-analyst-blog-2014-07-03 | nan | nan | Agrium Inc. ( AGU ) announced that it has completed the divestiture of its Turf and Ornamental business to Koch Agronomic Services, LLC - an affiliate of Koch Fertilizer, LLC - for around $94 million.
In May 2014, Agrium inked a deal to divest the Turf and Ornamental business, which was a part of Agrium's former Agrium Advanced Technologies (AAT) group and offers controlled release fertilizers for horticulture, professional turf grass and consumer lawn and garden markets. As per Agrium, the divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit.
Agrium will remain focused on optimizing its portfolio and product lines to generate additional value for shareholders.
Agrium released its first-quarter 2014 results in May 2014. The company's profit tumbled in the quarter as unusually cold weather in North America hit its businesses. Reduced railway availability and lower prices for nutrients in the wholesale business also weighed on the bottom line.
Agrium posted profit from continuing operations of $12 million or 8 cents per share in the reported quarter, a roughly 92% fall from $146 million or 98 cents per share logged a year ago.
Agrium registered a gain of $32 million (or 16 cents per share) on natural gas hedge positions in the quarter. Excluding that impact (and treating stock-based compensation as a normal expense), loss from continuing operations came in at 8 cents per share. Analysts polled by Zacks were expecting earnings of 4 cents per share on an average.
Revenues slipped 2% year over year to $3,079 million in the reported quarter. The decline was due to a double-digit drop in wholesale sales as a result of lower realized prices. Sales, however, edged past the Zacks Consensus Estimate of $3,072 million.
Agrium, which is among the prominent fertilizer companies along with Mosaic ( MOS ) and Potash Corp. ( POT ), sees adjusted earnings from continuing operations of $3.85 to $4.35 per share for the second quarter.
Agrium currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the fertilizer space is Intrepid Potash, Inc. ( IPI ), holding a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As per Agrium, the divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. In May 2014, Agrium inked a deal to divest the Turf and Ornamental business, which was a part of Agrium's former Agrium Advanced Technologies (AAT) group and offers controlled release fertilizers for horticulture, professional turf grass and consumer lawn and garden markets. Excluding that impact (and treating stock-based compensation as a normal expense), loss from continuing operations came in at 8 cents per share. | In May 2014, Agrium inked a deal to divest the Turf and Ornamental business, which was a part of Agrium's former Agrium Advanced Technologies (AAT) group and offers controlled release fertilizers for horticulture, professional turf grass and consumer lawn and garden markets. As per Agrium, the divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. Agrium, which is among the prominent fertilizer companies along with Mosaic ( MOS ) and Potash Corp. ( POT ), sees adjusted earnings from continuing operations of $3.85 to $4.35 per share for the second quarter. | In May 2014, Agrium inked a deal to divest the Turf and Ornamental business, which was a part of Agrium's former Agrium Advanced Technologies (AAT) group and offers controlled release fertilizers for horticulture, professional turf grass and consumer lawn and garden markets. As per Agrium, the divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. Agrium posted profit from continuing operations of $12 million or 8 cents per share in the reported quarter, a roughly 92% fall from $146 million or 98 cents per share logged a year ago. | In May 2014, Agrium inked a deal to divest the Turf and Ornamental business, which was a part of Agrium's former Agrium Advanced Technologies (AAT) group and offers controlled release fertilizers for horticulture, professional turf grass and consumer lawn and garden markets. As per Agrium, the divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. Agrium posted profit from continuing operations of $12 million or 8 cents per share in the reported quarter, a roughly 92% fall from $146 million or 98 cents per share logged a year ago. |
21190.0 | 2014-06-20 00:00:00 UTC | Alnylam-TAP Collaborate for AAT Candidate - Analyst Blog | AAT | https://www.nasdaq.com/articles/alnylam-tap-collaborate-for-aat-candidate-analyst-blog-2014-06-20 | nan | nan | Alnylam Pharmaceuticals, Inc. ( ALNY ) inked a collaboration deal with The Alpha-1 Project (TAP), the venture philanthropy subsidiary of the Alpha-1 Foundation, for the continued development of ALN-AAT. ALN-AAT is a subcutaneously administrated ribo nucleic acid interference (RNAi) therapeutic being developed for the treatment of alpha-1 antitrypsin (AAT) deficiency-associated liver disease.
TAP works with patients, academia, pharmaceutical and biotech companies and other public health organizations for cures and therapies for chronic obstructive pulmonary disease (COPD) and liver disease caused by AAT deficiency.
The research and development activities for ALN-AAT will be partially funded by TAP and the rest by Alnylam. The company intends to file an investigational new drug (IND) application for ALN-AAT in mid 2015. Results from pre-clinical studies have shown that treatment with ALN-AAT resulted in approximately 90% knockdown of serum AAT.
As per company sources, there are around 10,000 to 20,000 people in the U.S. and EU respectively suffering from AAT deficiency with associated liver pathology.
Alnylam has made significant progress with its pipeline so far. Patisiran and ALN-TTRsc are two of the most advanced candidates at Alnylam. The company is evaluating patisiran in the phase III APOLLO study in transthyretin-mediated amyloidosis patients suffering from familial amyloidotic polyneuropathy. Alnylam intends to file for regulatory applications for the candidate later in the year.
Meanwhile, ALN-TTRsc is in a phase II study in patients suffering from familial amyloidotic cardiomyopathy. ALN-TTRsc is also an RNAi therapeutic targeting the TTR gene being developed for the treatment of ATTR. The company has multiple pipeline related activities in the coming quarters. We expect investor focus to remain on the development of the pipeline.
Alnylam, a biopharmaceutical company, presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the sector include Regeneron Pharmaceuticals, Inc. ( REGN ), Gilead Sciences Inc. ( GILD ) and Alexion Pharmaceuticals, Inc. ( ALXN ). While Gilead and Regeneron are Zacks Rank #1 (Strong Buy) stocks, Alexion holds a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Alnylam Pharmaceuticals, Inc. ( ALNY ) inked a collaboration deal with The Alpha-1 Project (TAP), the venture philanthropy subsidiary of the Alpha-1 Foundation, for the continued development of ALN-AAT. ALN-AAT is a subcutaneously administrated ribo nucleic acid interference (RNAi) therapeutic being developed for the treatment of alpha-1 antitrypsin (AAT) deficiency-associated liver disease. TAP works with patients, academia, pharmaceutical and biotech companies and other public health organizations for cures and therapies for chronic obstructive pulmonary disease (COPD) and liver disease caused by AAT deficiency. | Alnylam Pharmaceuticals, Inc. ( ALNY ) inked a collaboration deal with The Alpha-1 Project (TAP), the venture philanthropy subsidiary of the Alpha-1 Foundation, for the continued development of ALN-AAT. ALN-AAT is a subcutaneously administrated ribo nucleic acid interference (RNAi) therapeutic being developed for the treatment of alpha-1 antitrypsin (AAT) deficiency-associated liver disease. TAP works with patients, academia, pharmaceutical and biotech companies and other public health organizations for cures and therapies for chronic obstructive pulmonary disease (COPD) and liver disease caused by AAT deficiency. | TAP works with patients, academia, pharmaceutical and biotech companies and other public health organizations for cures and therapies for chronic obstructive pulmonary disease (COPD) and liver disease caused by AAT deficiency. Alnylam Pharmaceuticals, Inc. ( ALNY ) inked a collaboration deal with The Alpha-1 Project (TAP), the venture philanthropy subsidiary of the Alpha-1 Foundation, for the continued development of ALN-AAT. ALN-AAT is a subcutaneously administrated ribo nucleic acid interference (RNAi) therapeutic being developed for the treatment of alpha-1 antitrypsin (AAT) deficiency-associated liver disease. | ALN-AAT is a subcutaneously administrated ribo nucleic acid interference (RNAi) therapeutic being developed for the treatment of alpha-1 antitrypsin (AAT) deficiency-associated liver disease. Alnylam Pharmaceuticals, Inc. ( ALNY ) inked a collaboration deal with The Alpha-1 Project (TAP), the venture philanthropy subsidiary of the Alpha-1 Foundation, for the continued development of ALN-AAT. TAP works with patients, academia, pharmaceutical and biotech companies and other public health organizations for cures and therapies for chronic obstructive pulmonary disease (COPD) and liver disease caused by AAT deficiency. |
21191.0 | 2014-05-16 00:00:00 UTC | Sector Update: Healthcares | AAT | https://www.nasdaq.com/articles/sector-update-healthcares-2014-05-16 | nan | nan | Healthcare shares were generally lower in pre-market trade on Friday.
In healthcare stocks news, Kamada ( KMDA ) is lower after the company announced preliminary top-line results from the Phase II/III pivotal clinical trial in Europe and Canada of its proprietary inhaled Alpha-1 Antitrypsin ( AAT ) therapy to treat Alpha-1 Antitrypsin Deficiency (AATD or inherited emphysema).
And, Abbott ( ABT ) edged lower in recent pre-market trading on Friday after saying it has signed a definitive agreement to buy Latin American pharmaceutical company CFR Pharmaceuticals for approximately $2.9 billion, plus the assumption of debt of approximately $430 million.
ABT closed down to $39.24 Thursday, in a 52-week range of $32.70 - $40.49.
And, Bovie Medical ( BVX ) said late Thursday that Q1 sales were $6.5 million, up 14% from a year ago. Adjusted net loss was $0.01 per share, down from a loss of $0.02 last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In healthcare stocks news, Kamada ( KMDA ) is lower after the company announced preliminary top-line results from the Phase II/III pivotal clinical trial in Europe and Canada of its proprietary inhaled Alpha-1 Antitrypsin ( AAT ) therapy to treat Alpha-1 Antitrypsin Deficiency (AATD or inherited emphysema). And, Abbott ( ABT ) edged lower in recent pre-market trading on Friday after saying it has signed a definitive agreement to buy Latin American pharmaceutical company CFR Pharmaceuticals for approximately $2.9 billion, plus the assumption of debt of approximately $430 million. And, Bovie Medical ( BVX ) said late Thursday that Q1 sales were $6.5 million, up 14% from a year ago. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In healthcare stocks news, Kamada ( KMDA ) is lower after the company announced preliminary top-line results from the Phase II/III pivotal clinical trial in Europe and Canada of its proprietary inhaled Alpha-1 Antitrypsin ( AAT ) therapy to treat Alpha-1 Antitrypsin Deficiency (AATD or inherited emphysema). Healthcare shares were generally lower in pre-market trade on Friday. | In healthcare stocks news, Kamada ( KMDA ) is lower after the company announced preliminary top-line results from the Phase II/III pivotal clinical trial in Europe and Canada of its proprietary inhaled Alpha-1 Antitrypsin ( AAT ) therapy to treat Alpha-1 Antitrypsin Deficiency (AATD or inherited emphysema). And, Abbott ( ABT ) edged lower in recent pre-market trading on Friday after saying it has signed a definitive agreement to buy Latin American pharmaceutical company CFR Pharmaceuticals for approximately $2.9 billion, plus the assumption of debt of approximately $430 million. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In healthcare stocks news, Kamada ( KMDA ) is lower after the company announced preliminary top-line results from the Phase II/III pivotal clinical trial in Europe and Canada of its proprietary inhaled Alpha-1 Antitrypsin ( AAT ) therapy to treat Alpha-1 Antitrypsin Deficiency (AATD or inherited emphysema). Healthcare shares were generally lower in pre-market trade on Friday. ABT closed down to $39.24 Thursday, in a 52-week range of $32.70 - $40.49. |
21192.0 | 2014-05-12 00:00:00 UTC | Agrium to Sell Turf and Ornamental Biz - Analyst Blog | AAT | https://www.nasdaq.com/articles/agrium-to-sell-turf-and-ornamental-biz-analyst-blog-2014-05-12 | nan | nan | Fertilizer maker Agrium Inc. ( AGU ) has inked a deal with Koch Agronomic Services, LLC, an affiliate of Koch Fertilizer, LLC, to divest its turf and ornamental business. The deal is valued at around $85 million including working capital.
The turf and ornamental business, which is a part of Agrium's former Agrium Advanced Technologies (AAT) group, offers controlled release fertilizers for horticulture, professional turf grass and consumer lawn and garden markets. As per Agrium, the divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. The transaction is expected to close in the second quarter of 2014 subject to customary closing conditions.
Agrium will remain focussed on optimising its portfolio and product lines to generate additional value for our shareholders.
Agrium released its first-quarter 2014 results a few days ago. The company's profit tumbled in the quarter as unusually cold weather in North America hit its businesses. Reduced railway availability and lower prices for nutrients in the wholesale business also weighed on the bottom line.
Agrium posted profit from continuing operations of $12 million or 8 cents per share in the reported quarter, a roughly 92% fall from $146 million or 98 cents per share logged a year ago.
Agrium registered a gain of $32 million (or 16 cents per share) on natural gas hedge positions in the quarter. Excluding that impact (and treating stock-based compensation as a normal expense), loss from continuing operations came in at 8 cents per share. Analysts polled by Zacks were expecting earnings of 4 cents per share on an average.
Revenues slipped 2% year over year to $3,079 million in the reported quarter. The decline was due to a double-digit drop in wholesale sales as a result of lower realized prices. Sales, however, edged past the Zacks Consensus Estimate of $3,072 million.
Agrium, which is among the prominent fertilizer companies along with Mosaic ( MOS ) and Potash Corp. ( POT ), sees adjusted earnings from continuing operations of $3.85 to $4.35 per share for the second quarter.
Agrium currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the fertilizer space is CVR Partners, LP ( UAN ), holding a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As per Agrium, the divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. The turf and ornamental business, which is a part of Agrium's former Agrium Advanced Technologies (AAT) group, offers controlled release fertilizers for horticulture, professional turf grass and consumer lawn and garden markets. Agrium, which is among the prominent fertilizer companies along with Mosaic ( MOS ) and Potash Corp. ( POT ), sees adjusted earnings from continuing operations of $3.85 to $4.35 per share for the second quarter. | The turf and ornamental business, which is a part of Agrium's former Agrium Advanced Technologies (AAT) group, offers controlled release fertilizers for horticulture, professional turf grass and consumer lawn and garden markets. As per Agrium, the divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. Fertilizer maker Agrium Inc. ( AGU ) has inked a deal with Koch Agronomic Services, LLC, an affiliate of Koch Fertilizer, LLC, to divest its turf and ornamental business. | The turf and ornamental business, which is a part of Agrium's former Agrium Advanced Technologies (AAT) group, offers controlled release fertilizers for horticulture, professional turf grass and consumer lawn and garden markets. As per Agrium, the divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. Agrium posted profit from continuing operations of $12 million or 8 cents per share in the reported quarter, a roughly 92% fall from $146 million or 98 cents per share logged a year ago. | The turf and ornamental business, which is a part of Agrium's former Agrium Advanced Technologies (AAT) group, offers controlled release fertilizers for horticulture, professional turf grass and consumer lawn and garden markets. As per Agrium, the divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. Agrium posted profit from continuing operations of $12 million or 8 cents per share in the reported quarter, a roughly 92% fall from $146 million or 98 cents per share logged a year ago. |
21193.0 | 2014-02-24 00:00:00 UTC | Agrium Inc. (AGU): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report | AAT | https://www.nasdaq.com/articles/agrium-inc-agu-new-analyst-report-zacks-equity-research-zacks-equity-research-report-2014 | nan | nan | Summary:
We are retaining our Neutral recommendation on Agrium. Its revenues and profit rose year over year in the third quarter. Sales were driven by gains across the retail and wholesale businesses. But both revenues and adjusted earnings missed expectations. Despite certain near-term headwinds, Agrium stands to benefit from overall healthy fundamentals for the agriculture and crop input market in the long term. It should also gain from its capacity expansion projects. We are also encouraged by the company's commitments to boost shareholder returns. However, the pricing environment is expected to remain soft in the wholesale business. Moreover, demand for potash and phosphate is expected to be somewhat weak in India, a key market. The company is also faced with issues such as logistical constraints and plant outages.
Overview:
Agrium Inc., based in Alberta, Canada, is a major retailer of agricultural products and services in North and South America. Agrium is the third largest potash producer in North America. The company is also a leading global wholesale producer and marketer of all three major agricultural macronutrients - nitrogen, potash, and phosphate - besides being a premier supplier of micronutrients and specialty fertilizers in the U.S. and Canada. Agrium operates through two segments Retail and Wholesale.
The Retail segment offers Crop Nutrients, Crop Protection Products, Seed, Merchandise and Application & Other Services directly to farmers. Crop Nutrients include a complete range of products such as nitrogen, phosphate, potash, sulfur and micronutrients in either liquid or dry form. Crop Protection Products consist of herbicides, insecticides and fungicides. Seeds contain a complete range of crop seeds as well as liquid and dry fertilizers.
The Retail segment operates 444 farm centers and 49 distribution/warehouse facilities across 30 states in the U.S., Argentina and Chile. It has three business trademarks:
Crop Production Services (CPS) serves the Corn Belt and Eastern agricultural regions of the U.S. growing key crops such as corn, soybeans, wheat and cotton.
Western Farm Services (WFS) serves the Western U.S. including California, Arizona, Washington, Oregon and Idaho, growing crops including fruit, vegetables and wheat.
Agroservicios Pampeanos S.A. (ASP) in South America a wholly owned subsidiary serves the wheat, soybeans and corn growing region of Argentina and the fruit growing region of Chile.
The Wholesale segment provides nitrogen phosphate and potash based fertilizers and products purchased from domestic and international suppliers for resale in the U.S. and Canadian markets. About 85% of the Wholesale business is targeted at the agricultural market using crop nutrients to help enhance yields, while the remaining 15% is used for a broad range of industrial purposes, which include ammonia in dry and liquid form, urea and urea ammonium nitrate (UAN). Urea is the largest of Agrium's Wholesale products. The company has 6 nitrogen facilities, 4 in Alberta and 1 each in Argentina and Texas 1 potash mine at Vanscoy, Saskatchewan and 2 phosphate products facilities in Conda, Idaho and Redwater, Alberta.
Agrium conducted a strategic review of the Advanced Technologies (AAT) segment in 2013 to transition the Agriculture business (which includes environmentally smart nitrogen/ESN and Micronutrient products) of AAT to its Wholesale unit. The integration of the ESN business into wholesale is expected to offer cost savings of $10 million to $15 million in 2014.
Other Business Unit is Agrium's non-operating reporting line where the elimination of inter-segment transactions and corporate expenses are recorded. Inter-segment transactions are primarily related to sales of crop nutrients to the Retail unit from Wholesale unit.
Acquisitions and Divestitures
On December 3, 2010, Agrium acquired 100% of AWB, an agribusiness operating in Australia, for $1.2 billion in cash and $37 million of acquisition costs. On May 11, 2011, the company completed the sale of the majority of the Commodity Management businesses acquired from AWB, in accordance with an agreement dated December 15, 2010. Cash received from the sale was $694 million.
Agrium retained its Landmark retail operations, including over 200 company-owned retail locations and over 140 retail franchise and wholesale customer locations in Australia. The primary purpose of the acquisition was to expand the retail division and provide access to the growing Southeast Asia market. The acquired business is included in the Retail operating segment.
Agrium, in March 2012, entered into an agreement with Viterra Inc. to acquire the majority of its Agri-products business. The acquisition was completed in October 2013. Agrium acquired more than 200 retail stores across Canada and Australia. The acquisition of Viterra's assets is an excellent fit to Agrium s portfolio as it will be able to provide highly competitive products, services and technologies by combining its experience with Viterra's profound knowledge of western Canadian agriculture.
On August 2, 2012, Agrium and Glencore announced that CF Industries Holdings Inc. (CF), which owns a 66% interest in the Medicine Hat nitrogen facility, will buy Viterra's (now acquired by Glencore) 34% interest in the facility for C$915 million. CF Industries completed the acquisition during second-quarter 2013. Pursuant to the transaction closure, Agrium received $932 million which is subject to adjustment according to its agreement with Glencore.
Agrium, in March 2014, agreed to sell selected Canadian retail assets (16 retail agronomy locations in the provinces of Alberta and Saskatchewan) to the U.S. farmer-owned cooperative and a global energy, grains and foods company CHS Inc. for an undisclosed price. The 16 retail agronomy assets are part of Agrium's acquisition of Viterra's retail stores across Western Canada.
Agrium, on May 9, 2014, inked a deal with Koch Agronomic Services, LLC, an affiliate of Koch Fertilizer, LLC, to divest its turf and ornamental business. The roughly $94 million transaction was completed in July 2014. The turf and ornamental business is a part of Agrium's former AAT group. The divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Agrium conducted a strategic review of the Advanced Technologies (AAT) segment in 2013 to transition the Agriculture business (which includes environmentally smart nitrogen/ESN and Micronutrient products) of AAT to its Wholesale unit. The turf and ornamental business is a part of Agrium's former AAT group. The divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. | Agrium conducted a strategic review of the Advanced Technologies (AAT) segment in 2013 to transition the Agriculture business (which includes environmentally smart nitrogen/ESN and Micronutrient products) of AAT to its Wholesale unit. The turf and ornamental business is a part of Agrium's former AAT group. The divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. | Agrium conducted a strategic review of the Advanced Technologies (AAT) segment in 2013 to transition the Agriculture business (which includes environmentally smart nitrogen/ESN and Micronutrient products) of AAT to its Wholesale unit. The turf and ornamental business is a part of Agrium's former AAT group. The divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. | Agrium conducted a strategic review of the Advanced Technologies (AAT) segment in 2013 to transition the Agriculture business (which includes environmentally smart nitrogen/ESN and Micronutrient products) of AAT to its Wholesale unit. The turf and ornamental business is a part of Agrium's former AAT group. The divestment is part of a strategic review of the business completed last year with regards to the discontinued operations of the AAT unit. |
21194.0 | 2014-02-21 00:00:00 UTC | Agrium Misses on Earnings, Revs in Q4 - Analyst Blog | AAT | https://www.nasdaq.com/articles/agrium-misses-on-earnings-revs-in-q4-analyst-blog-2014-02-21 | nan | nan | Agrium Inc .'s ( AGU ) earnings from continuing operations for fourth-quarter 2013 dropped 69.3% year over year to $110 million or 74 cents per share from earnings from continuing operations of $358 million or $2.37 per share a year ago.
Excluding one-time items other than stock-based payment costs, adjusted earnings of 72 cents per share missed the Zacks Consensus Estimate of 88 cents. Adjusted earnings exclude purchase gain related to the acquisition of the Viterra Inc. and a pre-tax loss for the acquired Viterra operations, corporate legal and other costs associated with the Viterra acquisition and a goodwill impairment charge.
For 2013, net earnings from continuing operations were $1.08 billion or $7.31 per share, down from net earnings from continuing operations of $1.52 billion or $9.67 in 2012. For 2013, net earnings were $1.06 billion or $7.20 per share compared with $1.50 billion or $9.55 per share in 2012.
Agrium, which is among the prominent fertilizer companies along with Mosaic ( MOS ) and Potash Corp. ( POT ), logged revenues $2,867 million in the reported quarter, down roughly 7% year over year. Sales declined due to a 24% drop in Wholesale sales as a result of lower realized prices across all product lines and lower nitrogen volumes, partly offset by increased retail sales due to Viterra acquisition. Sales missed the Zacks Consensus Estimate of $3,037 million.
Segment Highlights
Revenues from the Retail segment rose 6% year over year to $2.1 billion in the reported quarter. Gross profit rose 15% year over year to $586 million due to the inclusion of results from Viterra coupled with favorable nutrient cost positions and higher seed rebates from suppliers.
The company reported EBITDA of $195 million, up 57.3% year over year. The fourth quarter results included a $257 million gain for the Viterra acquisition, a $220 million goodwill impairment for the Landmark business in Australia, and results from the Viterra business which included $8 million of integration costs. The strong results were due to increased margins for nutrients, seed and services and other product lines.
The Wholesale segment's sales dropped 24.4% to $963 million. Gross profit tumbled 62.5% year over year to $170 million mainly due to weaker realized sales prices across all product lines and lower urea sales volumes due to outages at its Redwater and Carseland nitrogen facilities. The segment reported EBITDA of $210 million in the quarter, down from the $495 million reported in the same period last year. The results were affected by significantly lower global crop nutrient prices.
The Advanced Technologies (AAT) segment reported a quarterly gross profit of $2 million in the quarter, a decrease of 91.3% year over year. EBITDA was $3 million, down 83.3% from the comparable year-ago period. The decline was mainly due to lower-than-expected sales resulting from the later than expected fall application window and weak urea markets that impacted ESN margins.
Discontinued Operations
Agrium conducted a strategic review of the AAT segment in 2013 to transition the Agriculture business (which includes Environmentally Smart Nitrogen/ESN and Micronutrient products) of AAT to its Wholesale business unit. The Agriculture business management has commenced a divestment process for the Turf and Ornamental and Direct Solutions businesses.
These businesses have been reported within discontinued operations. The company reported results for AAT which represent only the Agriculture business that will be within Wholesale in the results for 2014.
Acquisition
In Oct 2013, Agrium completed the acquisition of 100% of certain Retail Canadian and Australian agri-products assets of Viterra from Glencore International plc (Glencore). The acquired assets form a part of the company's Retail business unit and include over 200 farm centers in Canada as well as distribution assets in Australia.
Financial Position
Agrium's cash and cash equivalent stood at $801 million as of Dec 31, 2013, compared with $658 million as of Dec 31, 2012. Long-term debt increased 48.2% year over year to $3,066 million.
Outlook
Agrium noted that lower and more stable crop prices have resulted in robust grain demand growth. Moreover, the United States Department of Agriculture (USDA) forecasts that global grain demand growth will be over 4% in 2013-2014 period.
North American spring crop area is expected to be near 2013 levels this year, which is expected to support crop input demand. Crop nutrient shipments are anticipated to be strong in the first half of 2014, due to a shorter fall application season in 2013.
North American nitrogen demand is projected to decline about 2% to 4% in 2013-2014 mainly due to reduced corn acreage, while global nitrogen demand is projected to increase by 1.5% to 2% in 2014 from 2013 levels.
North American potash demand is expected to be relatively flat to down 2% from 2012-2013 levels in 2013-2014. Agrium expects global potash shipments to increase from 54 million tons in 2013 to the range of 56 million to 58 million tons in 2014.
Indian di-ammonium phosphate (DAP) imports are expected to improve in 2014 from sluggish 2013 levels. However, the timing and scale of imports remains a source of uncertainty in the phosphate market. North American phosphate demand in 2013-2014 is projected to be flat to down 2% from 2012-2013 levels. Global demand in 2014 is expected to increase by 2% to 4% from 2013 levels.
Agrium currently carries a Zacks Rank #3 (Hold).
Another fertilizer company worth considering is The Scotts Miracle-Gro Co. ( SMG ) carrying a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Advanced Technologies (AAT) segment reported a quarterly gross profit of $2 million in the quarter, a decrease of 91.3% year over year. Discontinued Operations Agrium conducted a strategic review of the AAT segment in 2013 to transition the Agriculture business (which includes Environmentally Smart Nitrogen/ESN and Micronutrient products) of AAT to its Wholesale business unit. The company reported results for AAT which represent only the Agriculture business that will be within Wholesale in the results for 2014. | The Advanced Technologies (AAT) segment reported a quarterly gross profit of $2 million in the quarter, a decrease of 91.3% year over year. Discontinued Operations Agrium conducted a strategic review of the AAT segment in 2013 to transition the Agriculture business (which includes Environmentally Smart Nitrogen/ESN and Micronutrient products) of AAT to its Wholesale business unit. The company reported results for AAT which represent only the Agriculture business that will be within Wholesale in the results for 2014. | The Advanced Technologies (AAT) segment reported a quarterly gross profit of $2 million in the quarter, a decrease of 91.3% year over year. Discontinued Operations Agrium conducted a strategic review of the AAT segment in 2013 to transition the Agriculture business (which includes Environmentally Smart Nitrogen/ESN and Micronutrient products) of AAT to its Wholesale business unit. The company reported results for AAT which represent only the Agriculture business that will be within Wholesale in the results for 2014. | The Advanced Technologies (AAT) segment reported a quarterly gross profit of $2 million in the quarter, a decrease of 91.3% year over year. Discontinued Operations Agrium conducted a strategic review of the AAT segment in 2013 to transition the Agriculture business (which includes Environmentally Smart Nitrogen/ESN and Micronutrient products) of AAT to its Wholesale business unit. The company reported results for AAT which represent only the Agriculture business that will be within Wholesale in the results for 2014. |
21195.0 | 2014-02-05 00:00:00 UTC | Macerich Beats on Q4 FFO & Revs - Analyst Blog | AAT | https://www.nasdaq.com/articles/macerich-beats-on-q4-ffo-revs-analyst-blog-2014-02-05 | nan | nan | California-based retail real estate investment trust (REIT), The Macerich Company ( MAC ), reported fourth-quarter 2013 adjusted funds from operations (AFFO) per share of 94 cents, surpassing the Zacks Consensus Estimate by a penny and the year ago figure by 4 cents.
Escalation in revenues, overall portfolio occupancy and re-leasing spreads aided the quarterly results. Total revenue moved up 15.2% year over year to $289.5 million and comfortably beat the Zacks Consensus Estimate of $266 million.
Macerich provided guidance for full-year 2014 FFO per share and expects it to be in the range of $3.50 - $3.60. However, the range is lower than the Zacks Consensus Estimate of $3.62. Share price of Macerich fell 1.27% in the after hours trading session on Jan 4.
For full-year 2013, Macerich reported AFFO per share of $3.53 on revenues of $1.08 billion. Results were substantially higher than the prior-year AFFO per share of $3.18 on revenues of $891.9 million.
Inside the Headlines
As of Dec 31, 2013, mall portfolio occupancy upped 80 basis points (bps) year over year to 94.6%. Also, same centers net operating income (NOI) advanced 4.1% year over year to $729.6 million.
For full-year 2013, mall tenant annual sales increased 8.7% year over year to $562 per square foot. In addition, re-leasing spreads rose 17.2% on a year-over-year basis.
Notable Portfolio Activities
In tune with its portfolio restructuring activity, Macerich sold 4 non-core properties for total gross proceeds of about $332 million on a pro rata basis. The divested assets were the Ridgmar Mall in Fort Worth, Texas; Salisbury Centre in Salisbury, Maryland; and Chesterfield Towne Center in Richmond, Virginia. This also includes the divestiture of Rotterdam Square in Schenectady, New York subsequent to the quarter end.
Notably, for non-core assets sold since the start of 2013, Macerich's pro rata share proceeds were $864 million. The activity diluted the 2013 FFO per share by 12 cents.
Liquidity
As of Dec 31, 2013, Macerich had cash and cash equivalents of $102.3 million compared to $102.6 million as of Sep 30, 2013. The company had a total debt of $6.0 billion, down from $6.3 billion at the end of the prior quarter.
Our Take
Macerich came up with decent results this quarter on the back of improved operating portfolio performance. Although the divestitures are expected to weigh upon the near-term earnings, it would aid in enhancing the company's portfolio base and bodes well for long term. Going forward, we expect the company's rising mall tenant annual sales per square foot and re-leasing spreads to pave way for strengthening of top-line.
Currently, Macerich carries a Zacks Rank #3 (Hold). Investors interested in REIT- Equity Trust - Retail industry may consider stocks like Federal Realty Investment Trust ( FRT ), American Assets Trust, Inc. ( AAT ) and Glimcher Realty Trust ( GRT ). All these stocks carry a Zacks Rank #2 (Buy).
Note: FFO, a widely accepted and reported measure of REITs performance, are derived by adding depreciation, amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in REIT- Equity Trust - Retail industry may consider stocks like Federal Realty Investment Trust ( FRT ), American Assets Trust, Inc. ( AAT ) and Glimcher Realty Trust ( GRT ). AMER ASSETS TR (AAT): Free Stock Analysis Report FED RLTY INV (FRT): Free Stock Analysis Report GLIMCHER REALTY (GRT): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report To read this article on Zacks.com click here. Although the divestitures are expected to weigh upon the near-term earnings, it would aid in enhancing the company's portfolio base and bodes well for long term. | Investors interested in REIT- Equity Trust - Retail industry may consider stocks like Federal Realty Investment Trust ( FRT ), American Assets Trust, Inc. ( AAT ) and Glimcher Realty Trust ( GRT ). AMER ASSETS TR (AAT): Free Stock Analysis Report FED RLTY INV (FRT): Free Stock Analysis Report GLIMCHER REALTY (GRT): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report To read this article on Zacks.com click here. Going forward, we expect the company's rising mall tenant annual sales per square foot and re-leasing spreads to pave way for strengthening of top-line. | AMER ASSETS TR (AAT): Free Stock Analysis Report FED RLTY INV (FRT): Free Stock Analysis Report GLIMCHER REALTY (GRT): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in REIT- Equity Trust - Retail industry may consider stocks like Federal Realty Investment Trust ( FRT ), American Assets Trust, Inc. ( AAT ) and Glimcher Realty Trust ( GRT ). California-based retail real estate investment trust (REIT), The Macerich Company ( MAC ), reported fourth-quarter 2013 adjusted funds from operations (AFFO) per share of 94 cents, surpassing the Zacks Consensus Estimate by a penny and the year ago figure by 4 cents. | Investors interested in REIT- Equity Trust - Retail industry may consider stocks like Federal Realty Investment Trust ( FRT ), American Assets Trust, Inc. ( AAT ) and Glimcher Realty Trust ( GRT ). AMER ASSETS TR (AAT): Free Stock Analysis Report FED RLTY INV (FRT): Free Stock Analysis Report GLIMCHER REALTY (GRT): Free Stock Analysis Report MACERICH CO (MAC): Free Stock Analysis Report To read this article on Zacks.com click here. Escalation in revenues, overall portfolio occupancy and re-leasing spreads aided the quarterly results. |
21196.0 | 2014-02-04 00:00:00 UTC | General Growth Properties Beats on Q4 FFO and Revs - Analyst Blog | AAT | https://www.nasdaq.com/articles/general-growth-properties-beats-on-q4-ffo-and-revs-analyst-blog-2014-02-04 | nan | nan | General Growth Properties, Inc. ( GGP ) reported fourth-quarter 2013 funds from operations (FFO) per share of 36 cents, which exceeded the Zacks Consensus Estimate by a penny and the year-ago quarter figure by a nickel. Moreover, the reported FFO per share was higher than the company's guidance range of 30-32 cents.
The improvement in the quarterly FFO per share was mainly aided by better-than-expected revenue growth, rise in same store net operating income (NOI) and increase in initial rental rates.
Total revenue during the reported quarter increased 2.7% year over year to $681.4 million and also exceeded the Zacks Consensus Estimate of $666 million.
For full-year 2013, General Growth Properties reported FFO per share of $1.16 on revenues of $2.53 billion. Results were higher than the prior-year FFO per share of 98 cents on revenues of $2.47 billion.
Inside the Headlines
As of Dec 31, 2013, General Growth Properties' malls portfolio leasing level increased 100 basis point year over year to 97.1%. Tenant sales at the malls rose 3.6% year over year to $564 per square foot in the quarter under review.
In addition, initial rental rates for executed leases that started in 2013 (on a suite-to-suite basis) escalated 12.3% year over year to $64.29 per square foot, as compared to the rental rates of expiring leases. Moreover, same store NOI upped 6.2% year over year to $582 million in fourth-quarter 2013.
Portfolio Restructuring Activities in Q4
General Growth Properties bought 2 assets worth $315 million and development land worth $35 million. Additionally, the company divested three malls and reaped proceeds of $134 million.
Moreover, the company has about $2.1 billion of properties under development and redevelopment (of them properties worth $285 million have already been opened).
Liquidity
As of Dec 31, 2013, the company had cash and cash equivalents of $577.3 million compared with $624.8 million as of Dec 30, 2012.
During the fourth quarter, General Growth Properties took property-level debt of $649 million, having a weighted-average interest rate and term-to maturity of 3.76% and 7.5 years, respectively. The previous loans have a weighted-average interest rate of 5.00% and remaining term-to-maturity of 2.3 years. The transactions helped General Growth Properties to garner net proceeds of about $167 million.
2014 Guidance
General Growth Properties provided guidance for first-quarter and full-year 2014. The company expects first-quarter and full-year 2014 FFO per share to be in the range of 29 - 30 cents and $1.27 - $1.31 cents, respectively. Notably, the guidance for first-quarter and full-year 2014 are in line with the Zacks Consensus Estimate of 29 cents and $1.27, respectively.
Our Take
We are encouraged by a better-than-expected quarterly result at General Growth Properties, which came on the back of its improved operational performances. Also, the portfolio restructuring activity bodes well for the company's long-term growth. Additionally, the same day delivery deal of General Growth Properties is strategic fit given the increasing competition from online retailers.
However, the company's notable development pipeline, competitive pressure and broader industry concerns restrain us from becoming positive on this Zacks Rank #4 (Sell) stock.
Some better-ranked stocks in the REIT sector include Federal Realty Investment Trust ( FRT ), American Assets Trust, Inc. ( AAT ) and Glimcher Realty Trust ( GRT ). All these stocks carry a Zacks Rank #2 (Buy).
Note: FFO, a widely used metric to gauge the performance of REITs, are obtained after adding depreciation and amortization and other non-cash expenses to net income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked stocks in the REIT sector include Federal Realty Investment Trust ( FRT ), American Assets Trust, Inc. ( AAT ) and Glimcher Realty Trust ( GRT ). AMER ASSETS TR (AAT): Free Stock Analysis Report FED RLTY INV (FRT): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report GLIMCHER REALTY (GRT): Free Stock Analysis Report To read this article on Zacks.com click here. General Growth Properties, Inc. ( GGP ) reported fourth-quarter 2013 funds from operations (FFO) per share of 36 cents, which exceeded the Zacks Consensus Estimate by a penny and the year-ago quarter figure by a nickel. | AMER ASSETS TR (AAT): Free Stock Analysis Report FED RLTY INV (FRT): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report GLIMCHER REALTY (GRT): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the REIT sector include Federal Realty Investment Trust ( FRT ), American Assets Trust, Inc. ( AAT ) and Glimcher Realty Trust ( GRT ). General Growth Properties, Inc. ( GGP ) reported fourth-quarter 2013 funds from operations (FFO) per share of 36 cents, which exceeded the Zacks Consensus Estimate by a penny and the year-ago quarter figure by a nickel. | AMER ASSETS TR (AAT): Free Stock Analysis Report FED RLTY INV (FRT): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report GLIMCHER REALTY (GRT): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the REIT sector include Federal Realty Investment Trust ( FRT ), American Assets Trust, Inc. ( AAT ) and Glimcher Realty Trust ( GRT ). General Growth Properties, Inc. ( GGP ) reported fourth-quarter 2013 funds from operations (FFO) per share of 36 cents, which exceeded the Zacks Consensus Estimate by a penny and the year-ago quarter figure by a nickel. | Some better-ranked stocks in the REIT sector include Federal Realty Investment Trust ( FRT ), American Assets Trust, Inc. ( AAT ) and Glimcher Realty Trust ( GRT ). AMER ASSETS TR (AAT): Free Stock Analysis Report FED RLTY INV (FRT): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report GLIMCHER REALTY (GRT): Free Stock Analysis Report To read this article on Zacks.com click here. The improvement in the quarterly FFO per share was mainly aided by better-than-expected revenue growth, rise in same store net operating income (NOI) and increase in initial rental rates. |
21197.0 | 2014-01-23 00:00:00 UTC | Agrium Lowers Q4 Guidance, Shares Down - Analyst Blog | AAT | https://www.nasdaq.com/articles/agrium-lowers-q4-guidance-shares-down-analyst-blog-2014-01-23 | nan | nan | Agrium Inc. ( AGU ) has provided its updated outlook for fourth-quarter 2013. The company expects earnings from continuing operations to be at the bottom of the earlier released guidance range of 80 cents to $1.25 per share. Agrium's shares are down roughly 1.4% since the announcement.
The guidance excludes a number of one-time adjustments including a purchase gain of about $250 million related to the acquisition of the Viterra's Agri-business on Oct 1, 2013. The company will also receive an insurance recovery of $70 million for a long-standing litigation case on soybean shipments related to the AWB Ltd./Landmark acquisition. Agrium will also incur a goodwill impairment of roughly $220 million in Landmark due to lower-than-expected business performance and delays in synergy realization.
Agrium revised its guidance primarily due to lower-than-expected selling prices across all wholesale nutrients in the fourth quarter and lower-than-expected urea ammonium nitrate and domestic potash sales volumes, partly due to problems related to rail shipments.
Agrium expects its retail operations to achieve record results for the fourth quarter and full-year 2013.
Agrium has completed a strategic review of its Agrium Advanced Technologies (AAT) business unit and is reviewing options, including divesture of the turf and ornamental and direct solutions businesses. AAT is not expected to contribute to earnings before interest and tax (EBIT) in the fourth quarter of 2013 primarily due to delayed sales of ESN.
Agrium currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies in the fertilizer industry include China Bluechip ( CBLUY ), Intrepid Potash Inc. ( IPI ) and CF Industries Holdings, Inc. ( CF ). While China Bluechip holds a Zacks Rank #1 (Strong Buy), CF Industries and Intrepid Potash retain a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AAT is not expected to contribute to earnings before interest and tax (EBIT) in the fourth quarter of 2013 primarily due to delayed sales of ESN. Agrium has completed a strategic review of its Agrium Advanced Technologies (AAT) business unit and is reviewing options, including divesture of the turf and ornamental and direct solutions businesses. The guidance excludes a number of one-time adjustments including a purchase gain of about $250 million related to the acquisition of the Viterra's Agri-business on Oct 1, 2013. | Agrium has completed a strategic review of its Agrium Advanced Technologies (AAT) business unit and is reviewing options, including divesture of the turf and ornamental and direct solutions businesses. AAT is not expected to contribute to earnings before interest and tax (EBIT) in the fourth quarter of 2013 primarily due to delayed sales of ESN. Some better-ranked companies in the fertilizer industry include China Bluechip ( CBLUY ), Intrepid Potash Inc. ( IPI ) and CF Industries Holdings, Inc. ( CF ). | Agrium has completed a strategic review of its Agrium Advanced Technologies (AAT) business unit and is reviewing options, including divesture of the turf and ornamental and direct solutions businesses. AAT is not expected to contribute to earnings before interest and tax (EBIT) in the fourth quarter of 2013 primarily due to delayed sales of ESN. Agrium revised its guidance primarily due to lower-than-expected selling prices across all wholesale nutrients in the fourth quarter and lower-than-expected urea ammonium nitrate and domestic potash sales volumes, partly due to problems related to rail shipments. | AAT is not expected to contribute to earnings before interest and tax (EBIT) in the fourth quarter of 2013 primarily due to delayed sales of ESN. Agrium has completed a strategic review of its Agrium Advanced Technologies (AAT) business unit and is reviewing options, including divesture of the turf and ornamental and direct solutions businesses. Agrium will also incur a goodwill impairment of roughly $220 million in Landmark due to lower-than-expected business performance and delays in synergy realization. |
21198.0 | 2014-01-09 00:00:00 UTC | Agrium Completes AAT Unit Review - Analyst Blog | AAT | https://www.nasdaq.com/articles/agrium-completes-aat-unit-review-analyst-blog-2014-01-09 | nan | nan | As part of the ongoing focus on optimizing business, Agrium Inc. ( AGU ) has completed a strategic review of its Agrium Advanced Technologies ("AAT") business unit.
Under the review process, Agrium will reestablish the Advanced Technologies (AAT) business unit into two separate units, Wholesale and Retail in the first quarter of 2014.
The Wholesale business unit of Agrium will include AAT's agriculture business, which comprises Environmentally Smart Nitrogen ("ESN") and micronutrients. This will help Agrium effectively leverage the Wholesale segment's manufacturing and distribution line-up.
Prior to the creation of AAT, both micro-nutrients and ESN businesses belonged to Agrium's Wholesale department. Even after this business structure alteration, ESN will remain a premium product of Agrium, given the strong surge in demand for this industry leading and environmentally-friendly product.
The Turf and Ornamental and Direct Solutions businesses of Agrium will also undergo strategic review. The review may end up with all possible options, including divesture of the business units. The final review on these business units is expected to be complete by the first half of 2014.
Further insight on the development of the review, including the impact of any reorganization cost, will be provided by Agrium as it works through the transition in the next few months.
Agrium plans to execute this transition process seamlessly with minimum business disruption for customers, suppliers and employees. The restructuring is expected to have a positive impact on Agrium's earnings.
Agrium currently carries a Zacks Rank #4 (Sell).
Some better-ranked companies in the fertilizer industry include The Scotts Miracle-Gro Co. ( SMG ), China Bluechip ( CBLUY ) and CF Industries Holdings, Inc. ( CF ). While The Scotts Miracle and China Bluechip sport a Zacks Rank #1 (Strong Buy), CF Industries retains a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Prior to the creation of AAT, both micro-nutrients and ESN businesses belonged to Agrium's Wholesale department. As part of the ongoing focus on optimizing business, Agrium Inc. ( AGU ) has completed a strategic review of its Agrium Advanced Technologies ("AAT") business unit. Under the review process, Agrium will reestablish the Advanced Technologies (AAT) business unit into two separate units, Wholesale and Retail in the first quarter of 2014. | As part of the ongoing focus on optimizing business, Agrium Inc. ( AGU ) has completed a strategic review of its Agrium Advanced Technologies ("AAT") business unit. Under the review process, Agrium will reestablish the Advanced Technologies (AAT) business unit into two separate units, Wholesale and Retail in the first quarter of 2014. The Wholesale business unit of Agrium will include AAT's agriculture business, which comprises Environmentally Smart Nitrogen ("ESN") and micronutrients. | As part of the ongoing focus on optimizing business, Agrium Inc. ( AGU ) has completed a strategic review of its Agrium Advanced Technologies ("AAT") business unit. The Wholesale business unit of Agrium will include AAT's agriculture business, which comprises Environmentally Smart Nitrogen ("ESN") and micronutrients. Under the review process, Agrium will reestablish the Advanced Technologies (AAT) business unit into two separate units, Wholesale and Retail in the first quarter of 2014. | As part of the ongoing focus on optimizing business, Agrium Inc. ( AGU ) has completed a strategic review of its Agrium Advanced Technologies ("AAT") business unit. Under the review process, Agrium will reestablish the Advanced Technologies (AAT) business unit into two separate units, Wholesale and Retail in the first quarter of 2014. The Wholesale business unit of Agrium will include AAT's agriculture business, which comprises Environmentally Smart Nitrogen ("ESN") and micronutrients. |
21199.0 | 2013-12-24 00:00:00 UTC | How American Assets Trust (AAT) Stock Stands Out in a Strong Industry - Tale of the Tape | AAT | https://www.nasdaq.com/articles/how-american-assets-trust-aat-stock-stands-out-in-a-strong-industry-tale-of-the-tape-2013 | nan | nan | One stock that might be an intriguing choice for investors right now is American Assets Trust, Inc. ( AAT ). This is because this security in the retail office real estate investment trust ("REIT") space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the retail office REIT space as it currently has a Zacks Industry Rank of 51 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, American Assets Trust is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from 38 cents per share to 39 cents per share, while current year estimates have risen from $1.51 per share to $1.53 per share. The company currently holds a Zacks Rank #3 (Hold), which is a favorable signal.
So, if you are looking for a decent pick in a strong industry, consider American Assets Trust, Inc. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One stock that might be an intriguing choice for investors right now is American Assets Trust, Inc. ( AAT ). Click to get this free report >> AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This is because this security in the retail office real estate investment trust ("REIT") space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. | One stock that might be an intriguing choice for investors right now is American Assets Trust, Inc. ( AAT ). Click to get this free report >> AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This is because this security in the retail office real estate investment trust ("REIT") space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. | One stock that might be an intriguing choice for investors right now is American Assets Trust, Inc. ( AAT ). Click to get this free report >> AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This is because this security in the retail office real estate investment trust ("REIT") space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. | One stock that might be an intriguing choice for investors right now is American Assets Trust, Inc. ( AAT ). Click to get this free report >> AMER ASSETS TR (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This is because this security in the retail office real estate investment trust ("REIT") space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. |
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