TECO Energy, Inc. (NYSE: TE), Rubicon Technology, Inc. (NASDAQ: RBCN), AvalonBay Communities, Inc. (NYSE: AVB), Colonial Properties (NYSE: CLP), HHGregg (NYSE: HGG) and Kraft Foods (NASDAQ: KFT) price targets adjusted by analysts.
TECO Energy, Inc. (TE) had its price target lowered by UBS AG (NYSE:UBS) to $19.00. They have a “Buy” rating on the company. They cited valuation as the catalyst behind the call.
Rubicon Technology, Inc. (RBCN) had its price target lowered by UBS AG from $28.00 to $15.00. They have a “Buy” rating on the company.
AvalonBay Communities, Inc. (NYSE: AVB) had its price target raised by analysts at FBR Capital from $142.00 to $146.50. The analysts now have an “outperform” rating on the company.
Colonial Properties (NYSE: CLP) had its price target raised by analysts at FBR Capital from $23.00 to $24.50. The analysts now have an “outperform” rating on the company.
HHGregg (NYSE: HGG) had its price target lowered by analysts at UBS AG from $15.00 to $12.00. The analysts now have a “neutral” rating on the company.
Kraft Foods (NASDAQ: KFT) had its price target raised by analysts at Stifel Nicolaus from $37.00 to $39.00. The analysts now have a “buy” rating on the company.
Showing posts with label Colonial Properties. Show all posts
Showing posts with label Colonial Properties. Show all posts
Monday, August 8, 2011
Wednesday, May 11, 2011
Coverage on (ALTH) (APTS) (BRE) (CHRW) (CLP) Initiated
Coverage on shares Allos Therapeutics Incorporated (NASDAQ: ALTH), Preferred Apt. Communities (NASDAQ: APTS), Bre Properties Inc. (NYSE: BRE), C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) and Colonial Properties (NYSE: CLP) was initiated by analysts.
Brean Murray initiated coverage on Allos Therapeutics Incorporated (ALTH). They placed a “buy” rating and a price target of $6.00 on the company.
Wunderlich initiated coverage on Preferred Apt. Communities (APTS). They placed a “buy” rating and a price target of $12.00 on the company.
Wunderlich initiated coverage on Bre Properties Inc. (BRE). They placed a “buy” rating and a price target of $54.00 on the company.
Sanford C. Bernstein initiated coverage on C.H. Robinson Worldwide, Inc. (CHRW). They placed a “market perform” rating and a price target of $89.00 on the company.
Wunderlich initiated coverage on Colonial Properties (CLP). They placed a “hold” rating and a price target of $21.00 on the company.
Brean Murray initiated coverage on Allos Therapeutics Incorporated (ALTH). They placed a “buy” rating and a price target of $6.00 on the company.
Wunderlich initiated coverage on Preferred Apt. Communities (APTS). They placed a “buy” rating and a price target of $12.00 on the company.
Wunderlich initiated coverage on Bre Properties Inc. (BRE). They placed a “buy” rating and a price target of $54.00 on the company.
Sanford C. Bernstein initiated coverage on C.H. Robinson Worldwide, Inc. (CHRW). They placed a “market perform” rating and a price target of $89.00 on the company.
Wunderlich initiated coverage on Colonial Properties (CLP). They placed a “hold” rating and a price target of $21.00 on the company.
Tuesday, May 10, 2011
Price Targets on (AMGN) (AVB) (CCIH) (CLP) (CPT) Updated
Price targets on Amgen, Inc. (NASDAQ: AMGN), AvalonBay Communities, Inc. (NYSE: AVB), Chinacache International Holdings Limited (NASDAQ: CCIH), Colonial Properties (NYSE: CLP) and Camden Property Trust (NYSE: CPT) updated by analysts.
MP Advisors raised their price target on Amgen, Inc. (AMGN) from $63.00 to $65.00. They have an “outperform” rating on the company.
FBR Capital raised their price target on AvalonBay Communities, Inc. (AVB) from $134.00 to $138.00. They have an “outperform” rating on the company.
Oppenheimer cut their price target on Chinacache International Holdings Limited (CCIH) from $28.00 to $26.00. They have an “outperform” rating on the company.
FBR Capital raised their price target on Colonial Properties (CLP) from $21.00 to $23.00. They have an “outperform” rating on the company.
FBR Capital raised their price target on Camden Property Trust (CPT) from $58.00 to $60.50. They have an “underperform” rating on the company.
MP Advisors raised their price target on Amgen, Inc. (AMGN) from $63.00 to $65.00. They have an “outperform” rating on the company.
FBR Capital raised their price target on AvalonBay Communities, Inc. (AVB) from $134.00 to $138.00. They have an “outperform” rating on the company.
Oppenheimer cut their price target on Chinacache International Holdings Limited (CCIH) from $28.00 to $26.00. They have an “outperform” rating on the company.
FBR Capital raised their price target on Colonial Properties (CLP) from $21.00 to $23.00. They have an “outperform” rating on the company.
FBR Capital raised their price target on Camden Property Trust (CPT) from $58.00 to $60.50. They have an “underperform” rating on the company.
Friday, January 28, 2011
Colonial Properties Trust (NYSE:CLP) Up On Stronger Multifamily Same Property NOI
Colonial Properties Trust (NYSE:CLP) was able to beat estimate in the fourth quarter, getting the win on stronger multifamily same property NOI.
FBR says, "CLP’s reported 4Q10 results beat both ours and consensus estimates for the quarter. Excluding a $0.01 per share charge related to the repurchase of $50 million 7.25% redeemable preferred units, the beat was driven by stronger multifamily same property NOI. The delta to our estimate appears to be driven by higher than expected commercial property revenue and lower G&A expense. The company’s 2011 guidance at the mid-point is in-line with the current FBR estimate. The key take-away is the positive multifamily same store NOI growth for 4Q10, which reflects continued portfolio progress. The results do not change our thesis on the stock. Looking ahead, we expect CLP to make additional progress towards streamlining its portfolio and improving its capital structure. Recovery will likely be slow, however."
FBR Capital reiterates a "Market Perform" rating on Colonial Properties Trust (CLP), which closed at $19.38, up $0.27, or 1.41 percent.
FBR says, "CLP’s reported 4Q10 results beat both ours and consensus estimates for the quarter. Excluding a $0.01 per share charge related to the repurchase of $50 million 7.25% redeemable preferred units, the beat was driven by stronger multifamily same property NOI. The delta to our estimate appears to be driven by higher than expected commercial property revenue and lower G&A expense. The company’s 2011 guidance at the mid-point is in-line with the current FBR estimate. The key take-away is the positive multifamily same store NOI growth for 4Q10, which reflects continued portfolio progress. The results do not change our thesis on the stock. Looking ahead, we expect CLP to make additional progress towards streamlining its portfolio and improving its capital structure. Recovery will likely be slow, however."
FBR Capital reiterates a "Market Perform" rating on Colonial Properties Trust (CLP), which closed at $19.38, up $0.27, or 1.41 percent.
Monday, December 13, 2010
Colonial Properties (NYSE:CLP), Mid-America Apartment Communities (NYSE:MAA), Camden Property (NYSE:CPT) FBR's Top REIT Picks
Taking into account the regional outlook for REITs in 2011, FBR said their favorite picks in the group are Colonial Properties (NYSE:CLP), Mid-America Apartment Communities (NYSE:MAA) and Camden Property (NYSE:CPT).
On the other hand, the weakest outlooks in the group are Equity Residential (NYSE:EQR), AvalonBay Communities (NYSE:AVB), and Associated Estates (NYSE:AEC).
FBR said, "In our MSA Monitor screen, we utilize 3Q10 REIT data and current one-, two- and three-year forward forecasts from a variety of data providers, coupled with our proprietary model, and conclude that Colonial Properties Trust (Market Perform), Mid-America Apartment Communities (Underperform), and Camden Property Trust (Underperform) could have the strongest 12-month-forward regional outlooks. Equity Residential (Underperform), AvalonBay Communities (Outperform), and Associated Estates (Outperform) could have the weakest.
"Following the climb by HME were move-ups for CPT and MAA, unsurprising given the high Texas/Sunbelt exposure. Stocks that declined in the current ranking were ESS and AVB, both falling two spots, followed by single-spot drops by AIV, AEC, and UDR. Remaining unchanged were CLP and EQR."
Colonial Properties closed Friday at $17.96, up $0.39, or 2.22 percent. Mid-America was at $62.87, up $0.99, or 1.60 percent. Camden ended at $52.36, up $0.98, or 1.91 percent.
Equity Residential ended the week at $51.56, up Friday by $0.36, or 0.70 percent. Avalonbay closed at $113.12, up $2.64, or 2.39 percent. Associated Estates closed at $15.37, up $0.09, or 0.59 percent.
On the other hand, the weakest outlooks in the group are Equity Residential (NYSE:EQR), AvalonBay Communities (NYSE:AVB), and Associated Estates (NYSE:AEC).
FBR said, "In our MSA Monitor screen, we utilize 3Q10 REIT data and current one-, two- and three-year forward forecasts from a variety of data providers, coupled with our proprietary model, and conclude that Colonial Properties Trust (Market Perform), Mid-America Apartment Communities (Underperform), and Camden Property Trust (Underperform) could have the strongest 12-month-forward regional outlooks. Equity Residential (Underperform), AvalonBay Communities (Outperform), and Associated Estates (Outperform) could have the weakest.
"Following the climb by HME were move-ups for CPT and MAA, unsurprising given the high Texas/Sunbelt exposure. Stocks that declined in the current ranking were ESS and AVB, both falling two spots, followed by single-spot drops by AIV, AEC, and UDR. Remaining unchanged were CLP and EQR."
Colonial Properties closed Friday at $17.96, up $0.39, or 2.22 percent. Mid-America was at $62.87, up $0.99, or 1.60 percent. Camden ended at $52.36, up $0.98, or 1.91 percent.
Equity Residential ended the week at $51.56, up Friday by $0.36, or 0.70 percent. Avalonbay closed at $113.12, up $2.64, or 2.39 percent. Associated Estates closed at $15.37, up $0.09, or 0.59 percent.
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