Business

First Industrial Realty Trust Initiated with Buy at Jefferies & Co.

Digital Realty Trust, Inc. has a 52-week low of $60.66 and a 52 weeks high of $79.54. The company’s 50 day moving average is $74.74 and its 200-day moving average is $69.42. Digital Realty Trust’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts predict that Vornado Realty Trust will post $5.32 EPS for the current fiscal year.

The firm also recently disclosed a special dividend, which was paid on Friday, January 15th. Investors of record on Monday, February 1st will be issued a dividend of $0.63 per share. The ex-dividend date was Tuesday, December 29th. Additionally, the property has convenient access to Interstate Highways 75/94/96, a major airport and port, an global crossing, and several rail carriers. RBC Capital raised their target price on Acadia Realty Trust from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 9th. Barclays has a Overweight rating on the shares. (NYSE: QTS) have been given a consensus rating of 1.63 by brokerage analysts covering the stock. The stock presently has an average rating of “Hold” and an average price target of $104.67.

Vornado Realty Trust (Vornado) is a fully integrated real estate investment trust (REIT). One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The Company is the sole general partner of, and owned approximately 94.1% of the common limited partnership interest in the Operating Partnership. The Companys segments include New York, Washington, DC and Toys R Us (Toys).

BioMed Realty announced the pending acquisition by affiliates of Blackstone Real Estate Partners VIII in early October after the deal was unanimously approved by its board of directors.

The company last reported earnings for the period ending on 2015-09-30 of $0.41. The shares closed down -0.57 points or -2.87% at $19.32 with 7,59,512 shares getting traded.

Separately, Nisa Investment Advisors boosted its position in Acadia Realty Trust by 31.6% in the fourth quarter. Canaccord Genuity reissued a “buy” rating and set a $77.00 price objective on shares of Digital Realty Trust in a report on Thursday, October 8th.

Gerstein Fisher had the most significant stake with ownership of 1.29 million shares as of Q2 2015 for 5.46% of the long stock exposure.

Now the company Insiders own 1.73% of First Industrial Realty Trust, Inc. shares according to the proxy statements. Jennison Associates now owns 1,368,675 shares of the real estate investment trust’s stock worth $89,402,000 after buying an additional 164,687 shares in the last quarter.

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