Posts for Ticker ‘DDR’

Top Pre-Market Analyst Downgrades (DDR, FII, LM, PIR, SPLS, ULTA, WFMI)

Down_arrow_redThese are some of the top downgrades and negative calls we are seeing from Wall Street analysts this Tuesday morning:

  • Developers Diversified (DDR) Cut to Neutral at Goldman Sachs.
  • Federated Investors (FII) Cut to Neutral at JPMorgan.
  • Legg Mason (LM) Cut to Underperform at FBR.
  • Pier 1 Imports (PIR) Cut to Neutral at UBS.
  • Regency Centers (REG) Cut to Sell at Goldman Sachs.
  • Staples (SPLS) Cut to Underperform at RBC.
  • Ulta Salon (ULTA) Cut to Neutral at Baird.
  • Whole Foods (WFMI) Cut to Market Perform at William Blair.

Jon C. Ogg
November 25, 2008

Posted on: November 25, 2008 – 7:51 am in Analyst Calls, , , , , , ,

Can Office & Retail REITs Stave Off The Economy? (GGP, KRC, DDR, SLG)

Office_building_picMany REITs are in trouble.  That is becoming the understatement of the year.  The REITs doing better in today’s environment are the ones whose projects are already built and those that were fully leased.  This is particularly true of retail and office REIT structures where investors are starting to become more risk adverse.

General Growth Properties, Inc. (NYSE: GGP) has been among the worst performers of retail and multi-use REITs.  Last week was deemed by many as the apex but that didn’t hold.  The company has secured additional funding in recent weeks, but is still back in the barrel.  Financing needs apparently still prevail and last week executives had to sell shares to cover margin calls.  Now, it is reviewing strategic alternatives and shares are down again.  In summer these shares were north of $40.00 and in the first half of 2007 this was a $60+ stock. On September 12, this was at $27.55.  Last week it closed as low as $19.92 before Friday’s recovery.  Shares today are down 17% at $17.70.

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Posted on: September 22, 2008 – 12:41 pm in Dividend, REIT, , , ,