: iStockAnalyst.com Symbols Feed

Sweeping Earnings For Economic Landmines

Sun, 01 Nov 2009 15:13:55 GMT

We scour third-quarter earnings from REITs and oil firms for signs of upcoming economic stumbling blocks.[More...]

Housing Bouncing Along Bottom

Tue, 18 Aug 2009 16:36:22 GMT

We are seeing more signs that the housing industry is bouncing along a bottom. Housing starts declined 1% to an annualized pace of 581,000 last month. Building permits fell 1.8% to an annualized pace of 560,000. Conversely, Home Depot (HD) raised its full-year earnings guidance. The numbers follow a survey showing increased optimism on the part of builders. The National Association of Home Builders/Wells Fargo Housing Market Index reached 18 last month, its highest level since June 2008. Behind the numbers are some cross-currents that often occur as a sector tries to find its legs. Though housing starts fell, the drop reflected fewer multi-home units being built. Single-family starts were actually up slightly last month. On the other hand,[More...]

Apartment Rental Rates Set To Spike Upward (As Of 08-12-2009)

Fri, 14 Aug 2009 14:14:14 GMT

Many apartment owners can't wait until 2012. If the economy recovers, they will be looking at a perfect storm of events - a shortage of available entry-level housing units, a boom in demand driven largely by Millenials (real-estate jargon for those just about ready to strike out on their own), and the ability to push rents significantly higher due to a shortage of suitable apartments. Tom Bozzuto, CEO of the Bozzuto Group, a Greenbelt, MD.-based multifamily manager overseeing 28,500 units in the Mid-Atlantic states, told Multifamily Executive Magazine recently that "It's not a lot of fun right now to be in the apartment business. But, you take pleasure in knowing that this is the trough in the wave." Other pros in the field feel exactly the same way. Ron Terwillinger, chairman of the country's largest multifamily builder, Trammell Crow Residential based in Dallas, TX expects rents to increase 5% in 2010 and another 10%[More...]

Real Estate Investment Trusts (REIT) - Industry Outlook

Thu, 30 Jul 2009 23:47:59 GMT

Equity REITs rebounded nicely in the 2nd quarter, when equity REITs posted total returns of 29% (total return FTSE NAREIT Index), vs. a 15% gain for the S&P and an 11% gain for the Dow. So far in July, REITs are down about 8%; the worst performing sectors in July have been Regional Malls (-10.9%), Industrial (-9.8%), office/industrial (-9.6%) and apartments (-9.7%). Overall, REITs are still down 19% YTD in 2009 and 43% over the past year. OPPORTUNITIES Many REITs are still trading at discounts to NAV (net asset value), a good buy signal. Historically, over the past seven or so years, REITs have traded near or in excess of NAV. Even with dividend cuts and share price gains, the average yield for equity REITs is still near 6%. Yields are well in excess (280 bps) of the 10-year Treasury, although the spread has narrowed considerably over the past quarter. Most companies[More...]

Market Report For Friday: Apr 17, 2009

Fri, 17 Apr 2009 13:00:45 GMT

(7:11am ET) There was plenty of economic data released in the US during the day; however the equity market sidetracked until 2pm ET, when with prices at modest losing levels on the week until that point, suddenly, and for no discernable reason, there was a rally that left the indexes with small gains through Thursday. Perhaps traders were anticipating a positive quarterly report from Google (GOOG +2.4% on +151% of average daily trading volume)? After the close, the company did not disappoint, beating both revenue and EPS estimates. The company posted net income of $1.42 billion ($5.16/share), up +8% from the $1.31 billion ($4.84/share) recorded during the same period a year ago. Revenue for 1Q2009 increased +10% to $4.07 billion, from $3.7 billion, excluding traffic acquisition costs. On average, analysts had expected earnings per share of $4.93 and revenue of $4.08 billion, according to Yahoo Finance. For the first[More...]

Daily Report For Thursday, Apr 16, 2009

Thu, 16 Apr 2009 13:36:24 GMT

(8:25am ET) The main focus of traders today will be the 1Q2009 earnings report from JP Morgan (JPM), and the close scrutiny of the data and hype that will follow. After hitting a low of $14.93 in early March, JPM has rallied +118.1% to yesterday’s close of $32.56. There was a high of $34.15 on Tuesday. http://tinyurl.com/da6dcv JP Morgan reported Q1 net income of $2.14 billion, or $0.40/share, down -10% from a year earlier, but beat analysts' expectations. Revenue increased +48% to $25.03 billion. WSJ reported that CEO Jamie Dimon said the firm extended about $150 billion in new credit to consumer and corporate customers during the quarter. With a last hour rally spurred by the real estate investment trusts (REITS) ($DJR +8.7%) and Banks ($BKX +5.1%) in the Financial sector (XLF +4.8%), the US equity[More...]

Daily Report For Tuesday, Apr 14, 2009

Tue, 14 Apr 2009 14:18:59 GMT

(9:30am ET) Stocks in NY sank at the open following various negative reports from TV talking heads, though trade volume was weak on the Easter Monday. After the close, Goldman Sachs surprised with unusually positive revenue and earnings. Today, President Obama will be making a speech on the state of the economy. Traders are confused. Yesterday was pretty much a lost day in the market. Very little of consequence happened. By the close, the DJIA’s small loss (-25.57 -0.32% to 8057.81) offset the small gain in the S&P (+2.17 +0.25% to 858.73), while the NASDAQ (+0.77 +0.05% to 1653.31) was flat. The Toronto Composite (+98.50 +1.07% to 9285.6) and the Toronto Venture Board (+11.89 +1.23% to 980.86) were stronger as the metal miners and goldminers enjoyed a good day. Except for Japan’s Nikkei 225 index (-0.92% to 8842.7), prices today were strong in the major international equity markets: Australia (+2.22% to[More...]

Daily Report For Tuesday: Apr 7, 2009

Tue, 07 Apr 2009 13:31:58 GMT

(8:05am ET) Stocks closed Monday's session in NY lower on a lightly-traded day, but much higher Week over Week. Through Friday, the major market indexes saw their largest four-week gains in seventy-six years. Now the market is preparing for 1Q2009 earnings season, which gets underway today with Alcoa (AA). On Monday, the DJIA (-41.74 -0.52% to 7975.85), S&P (-7.02 -0.83% to 835.48), and NASDAQ (-15.16 -0.93% to 1606.71) could not make headway against concerns the major banks may be preparing to release negative quarterly reports. The Toronto Composite (-49.59 -0.55% to 9016.17), and Venture Board (-12.42 -1.27% to 963.17) were also down on the day, but higher Week over Week. In international equity markets today, the closing prices showed losses except for Shanghai China (+0.80% to 2439.2): Australia -1.30% to 3648.5; Hong Kong -0.46% to 14929.0; India -1.80% to 10534.9; and Japan -0.28% to 8832.9. At 7:30am ET,[More...]

S&P 500 Stocks

Sun, 05 Apr 2009 01:35:00 GMT

The S&P 500 comprises of 500 large cap common stocks actively traded in the United States. The largees public companies that are traded on the New York Stock Exchange (NYSE) and NASDAQ are included in the S&P 500 index. The S&P 500 index was lunched in 1957 and is a value weighted index which is based on the 500 American stocks with the largest market capitalizations. The S&P 500 is the most widely followed index After the Dow Jones Industrial Average index and it is considered a barometer for the American economy. The S&P 500 index is included in the Index of Leading Indicators. There are the number of trading vehicle that are designed to follow the S&P 500 index. Hundreds of billions of US dollars have been invested in this index. The SPY (Exchange Traded Fund) is one of the most actively trading stock over the world. The Rydex,[More...]

Daily Report For Wednesday, Apr 1, 2009

Wed, 01 Apr 2009 14:53:00 GMT

(8:07am ET) In his absence, Bill has asked the CTAB traders fill in for him today and maybe tomorrow as well. Bill was having connectivity and other related computer issues early Tuesday morning. Perhaps the Conficker worm virus programmed to be unleashed April 1, began slithering through the Bahamas a little ahead of schedule. The final trading day of the month opened higher, with aggressive traders nimbly positioning themselves for further short gains, after a late afternoon bounce Monday, anticipating large money managers to “mark up” equities boosting their quarter end returns. This strategy paid off nicely as the S&P future rose to 807, nearly 4% off Monday’s late afternoon low of 776. However, traders expecting prices to close near the highs were disappointed, as stocks peaked near 3pm eastern, giving up a significant portion of the day’s gains. The DJIA finished up 86.9 (+1.15%) closing at 7608.92,[More...]

AvalonBay Communities, Inc. Announces Third Quarter 2009 Operating Results

Wed, 28 Oct 2009 20:49:00 GMT

This resulted in Earnings per Share
diluted ("EPS") of $0.72 for the quarter ended September 30, 2009, compared to EPS of $2.98 for the comparable period of 2008, a decrease of 75.8%.
Year to date 2009 results also include impairment and other charges associated with the Company's reduction in planned development activity recognized in the second quarter of 2009.

[More...]

RidgewaterEquity.Com Free Fundamental Sector &Amp; Market Research on AVB, EXH, HSY, WSH, SCG and LRY

Fri, 23 Oct 2009 12:08:00 GMT

RidgewaterEquity.com inspires to bring the best from the internet under one roof, providing you with a one click option to view what the market, researchers and financial pundits worldwide have to say about any particular large cap stocks in any given financial environment.
Once you sign up as a free member you will have free unlimited access to all our reports, research tools and more.
We have recently begun in-depth analysis of the following equities & their respective sectors:

[More...]

AvalonBay Communities Commences $500 Million Medium-Term Notes Offering

Tue, 08 Sep 2009 13:47:00 GMT

AvalonBay Communities, Inc. (NYSE:AVB) ("AvalonBay") announced today that it had commenced a $500 million offering of medium-term unsecured notes under its existing shelf registration statement.
The offering consists of two separate $250 million tranches with maturities in 2017 and 2020.
AvalonBay intends to use the net proceeds of approximately $495,800,000, after underwriting discounts and other transaction-related expenses, in part to reduce indebtedness outstanding under AvalonBay's $1,000,000,000 unsecured variable rate revolving credit facility and in part to finance the repurchase of certain of its outstanding long-term debt securities pursuant to a tender offer announced today.

[More...]

AvalonBay Communities, Inc. Announces Second Quarter 2009 Operating Results

Wed, 29 Jul 2009 21:48:00 GMT

AvalonBay Communities, Inc. (NYSE: AVB) reported today that Net Income Attributable to Common Stockholders ("Net Income") for the quarter ended June 30, 2009 was $17,674,000.
The decreases are attributable to gains from asset sales in 2008 not present in 2009, coupled with an impairment recognized in the second quarter of 2009 for land parcels which the Company no longer intends to develop.
Funds from Operations attributable to common stockholders - diluted ("FFO") for the quarter ended June 30, 2009 decreased 28.6% to $0.90 per share from $1.26 per share for the comparable period of 2008.

[More...]

AvalonBay Communities Announces Second Quarter 2009 Earnings Release Date

Mon, 06 Jul 2009 21:01:00 GMT

AVALONBAY COMMUNITIES, INC. (NYSE: AVB) will release its second quarter 2009 earnings on July 29, 2009 after the market close. The Company will hold a conference call on July 30, 2009 at 1:00 PM Eastern Daylight Time (EDT) to discuss its second quarter 2009 results.[More...]

AvalonBay Communities Declares Second Quarter 2009 Dividends

Thu, 21 May 2009 20:20:00 GMT

AvalonBay Communities, Inc. (NYSE:AVB) announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the second quarter of 2009. The Common Stock dividend is $0.8925 per share and is payable July 15, 2009 to all Common Stockholders of Record as of June 30, 2009.[More...]

AvalonBay Communities, Inc. Announces the Acquisition of Verona Apartments in Bellevue, Washington

Wed, 13 May 2009 20:25:00 GMT

AVALONBAY COMMUNITIES, INC. (NYSE:AVB) announced today that it purchased Verona Apartments, a community of 220 homes in downtown Bellevue, WA, on behalf of its secured investment management fund, AvalonBay Value Added Fund II, L.P. (“Fund II”). The acquisition price was $33.1 million (or $150,500 per home), reflecting a discount of approximately 45% below the Company’s estimate of replacement cost. Built in 1994, the community is a four story mid-rise over two levels of parking and is located near the Company’s existing Avalon Bellevue community. Verona provides easy access to I-405 and over 12 million square feet of retail, entertainment and office space in downtown Bellevue.[More...]

AvalonBay Communities, Inc. Announces First Quarter 2009 Operating Results

Wed, 29 Apr 2009 20:05:00 GMT

AvalonBay Communities, Inc. (NYSE:AVB) reported today that Net Income Attributable to Company Common Stockholders (“Net Income”) for the quarter ended March 31, 2009 was $47,425,000. This resulted in Earnings per Share – diluted (“EPS”) of $0.59 for the quarter ended March 31, 2009, compared to EPS of $0.60 for the comparable period of 2008, a decrease of 1.7%.[More...]

AvalonBay Communities, Inc. Announces the Closing of a $741 Million Freddie Mac Facility

Mon, 27 Apr 2009 20:23:00 GMT

AVALONBAY COMMUNITIES, INC. (NYSE: AVB) announced today that the Company closed a $741 million loan with Deutsche Bank Berkshire Mortgage, Inc. on behalf of Freddie Mac (NYSE: FRE). The loan commitment was previously announced in the Company’s press release on April 14, 2009.[More...]

AvalonBay Communities, Inc. Announces $741 Million Loan Commitment

Tue, 14 Apr 2009 20:57:00 GMT

AVALONBAY COMMUNITIES, INC. (NYSE:AVB) announced today that the Company entered into a $741 million loan commitment with Deutsche Bank Berkshire Mortgage, Inc. on behalf of Freddie Mac (NYSE:FRE) under which the Company intends to obtain a total of $741,140,000 of capital from fourteen separate mortgage loans each to be secured by one of the Company’s current communities. The loans are expected to close on or before April 17, 2009. Interest will be fixed at 5.86% per annum for ten years. Each of the loans will provide for payments of interest only during the first and second years of the loan term, with payments of principal and interest (based on a 30 year amortization schedule) thereafter and the remaining principal amount and any unpaid interest due at maturity on the tenth anniversary.[More...]