In trading on Wednesday, shares of iStar Financial Inc's 7.50% Series I Cumulative Redeemable Preferred Stock (NYSE: SFI.PRI) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low...
Wall Street is becoming more bearish on the larger real estate investment trusts. These REITs had recovered nicely from the bottom of the real estate and credit crisis, but some of them are so large that they simply cannot grow revenues and...
In a report published Tuesday, Jefferies analyst Omotayo Okusanya reiterated a Hold rating on Associated Estates Realty(NYSE: AEC), but lowered the price target from $18.00 to $17.50.
In the report, Jefferies noted, “The overall tone at...
OUE Hospitality Reit is aiming to raise at about $700 million from a Singapore listing, while NW Hotel Investments is targeting up to $800 million from its Hong Kong IPO.
NEW YORK (TheStreet) --
Bullish real estate investment trust investors fishing on the sidelines should be moving closer to landing a big REIT play, especially the 5% dividend species. The REIT sector looks a lot better now after a 10% selloff...
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