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Hot Stocks
SL Green Realty announces sale of 49% interest in 220 East 42nd Street » 09:14
07/22/21
07/22
09:14
07/22/21
09:14
SLG

SL Green Realty

$78.06 /

+0.89 (+1.15%)

SL Green Realty announced…

SL Green Realty announced that it has sold a 49% interest in 220 East 42nd Street to a real estate fund managed by Meritz Alternative Investment Management for gross consideration of $790.1M. SL Green retained a 51% interest in the property and will continue to oversee management and leasing of the building. The transaction generated net cash proceeds to SL Green of $136.1M. "This transaction demonstrates the continued global demand for core New York City office properties, particularly those that are well leased on a long-term basis to credit tenants," said Harrison Sitomer, Senior Vice President of SL Green. "With the new joint venture, 220 East 42nd Street will continue to provide SL Green shareholders with steady contractual cash flow. We are thrilled to be partnering again with Meritz on this historic asset."

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SLG SL Green Realty
$78.06 /

+0.89 (+1.15%)

SLG SL Green Realty
$78.06 /

+0.89 (+1.15%)

06/25/21 Deutsche Bank
SL Green Realty price target raised to $77 from $66 at Deutsche Bank
06/14/21 Wolfe Research
SL Green Realty initiated with a Peer Perform at Wolfe Research
06/14/21 Piper Sandler
SL Green Realty price target raised to $88 from $75 at Piper Sandler
05/25/21 Goldman Sachs
SL Green Realty assumed with a Buy at Goldman Sachs
SLG SL Green Realty
$78.06 /

+0.89 (+1.15%)

SLG SL Green Realty
$78.06 /

+0.89 (+1.15%)

Wednesday
Earnings
SL Green Realty reports Q2 FFO $1.60, consensus $1,63 » 16:31
07/21/21
07/21
16:31
07/21/21
16:31
SLG

SL Green Realty

$78.06 /

+0.89 (+1.15%)

Reports Q2 revenue…

Reports Q2 revenue $218.1M, consensus $189.61M.

ShowHide Related Items >><<
SLG SL Green Realty
$78.06 /

+0.89 (+1.15%)

SLG SL Green Realty
$78.06 /

+0.89 (+1.15%)

06/25/21 Deutsche Bank
SL Green Realty price target raised to $77 from $66 at Deutsche Bank
06/14/21 Wolfe Research
SL Green Realty initiated with a Peer Perform at Wolfe Research
06/14/21 Piper Sandler
SL Green Realty price target raised to $88 from $75 at Piper Sandler
05/25/21 Goldman Sachs
SL Green Realty assumed with a Buy at Goldman Sachs
SLG SL Green Realty
$78.06 /

+0.89 (+1.15%)

SLG SL Green Realty
$78.06 /

+0.89 (+1.15%)

Sunday
On The Fly
On the Fly: The Week in SPAC News » 08:32
07/18/21
07/18
08:32
07/18/21
08:32
RTPY

Reinvent Technology Partners Y

$9.95 /

-0.05 (-0.50%)

, AUR

Aurora Innovation

/

+

, UBER

Uber

$46.21 /

-0.2 (-0.43%)

, IVAN

Ivanhoe Capital Acquisition Corp.

$9.93 /

+0.02 (+0.20%)

, GM

General Motors

$55.46 /

-1.51 (-2.65%)

, HYMTF

Hyundai Motor

$49.70 /

-0.08 (-0.16%)

, SES

SES

/

+

, SLAM

Slam Corp.

$9.82 /

+0.01 (+0.10%)

, CBAH

CBRE Acquisition Holdings

$9.93 /

+ (+0.00%)

, CBRE

CBRE Group

$82.95 /

-0.58 (-0.69%)

, AMPS

Altus Power

$50.32 /

+ (+0.00%)

, RICE

Rice Acquisition

$17.07 /

-0.37 (-2.12%)

, LFG

Archaea Energy

/

+

, MRAC

Marquee Raine Acquisition

$9.90 /

+0.01 (+0.10%)

, ENJY

Enjoy Technology

/

+

, DCRB

Decarbonization Plus Acquisition

$10.38 /

+0.37 (+3.70%)

, NGAC

NextGen Acquisition Corp.

$9.97 /

+0.025 (+0.25%)

, TWCB

Bilander Acquisition

/

+

, CLAQ

CleanTech Acquisition

/

+

, UPTD

TradeUp Acquisition

/

+

, JATT

JATT Acquisition

/

+

, ARYE

Arya Sciences Acquisition V

$10.03 /

+ (+0.00%)

, GWII

Good Works II

/

+

In SPAC news this week,…

ShowHide Related Items >><<
UBER Uber
$46.21 /

-0.2 (-0.43%)

RTPY Reinvent Technology Partners Y
$9.95 /

-0.05 (-0.50%)

RICE Rice Acquisition
$17.07 /

-0.37 (-2.12%)

NGAC NextGen Acquisition Corp.
$9.97 /

+0.025 (+0.25%)

MRAC Marquee Raine Acquisition
$9.90 /

+0.01 (+0.10%)

LFG Archaea Energy
/

+

IVAN Ivanhoe Capital Acquisition Corp.
$9.93 /

+0.02 (+0.20%)

HYMTF Hyundai Motor
$49.70 /

-0.08 (-0.16%)

GM General Motors
$55.46 /

-1.51 (-2.65%)

DCRB Decarbonization Plus Acquisition
$10.38 /

+0.37 (+3.70%)

CBRE CBRE Group
$82.95 /

-0.58 (-0.69%)

CBAH CBRE Acquisition Holdings
$9.93 /

+ (+0.00%)

RTPY Reinvent Technology Partners Y
$9.95 /

-0.05 (-0.50%)

AUR Aurora Innovation
/

+

UBER Uber
$46.21 /

-0.2 (-0.43%)

07/01/21 Cowen
Uber target raised to $80 on rising mobility users at Cowen
07/01/21 Arete
Uber upgraded to Neutral from Sell at Arete
06/17/21 Truist
Business trends for Uber, Lyft improved materially, says Truist
05/27/21 JMP Securities
James River Group price target lowered to $45 from $60 at JMP Securities
IVAN Ivanhoe Capital Acquisition Corp.
$9.93 /

+0.02 (+0.20%)

GM General Motors
$55.46 /

-1.51 (-2.65%)

07/16/21 BofA
General Motors price target raised to $90 from $80 at BofA
07/09/21
Fly Intel: Top five analyst initiations
07/08/21 Wedbush
Wedbush starts General Motors at Outperform amid EV 'renaissance'
07/08/21 Wedbush
General Motors initiated with an Outperform at Wedbush
HYMTF Hyundai Motor
$49.70 /

-0.08 (-0.16%)

06/22/21 Piper Sandler
Electric vehicles will represent 94% of new car sales by 2040, says Piper
03/04/21 Goldman Sachs
Hyundai Motor initiated with a Buy at Goldman Sachs
02/09/21 Craig-Hallum
Velodyne target cut to $29 at Craig-Hallum as 'lower visibility' reasons emerge
02/04/21 Wedbush
Apple Car deal with Hyundai could be around the corner, says Wedbush
SES SES
/

+

SLAM Slam Corp.
$9.82 /

+0.01 (+0.10%)

CBAH CBRE Acquisition Holdings
$9.93 /

+ (+0.00%)

CBRE CBRE Group
$82.95 /

-0.58 (-0.69%)

06/14/21 Wolfe Research
CBRE Group initiated with an Outperform at Wolfe Research
05/28/21 Piper Sandler
American Campus upgraded to Overweight from Neutral at Piper Sandler
02/26/21 JPMorgan
Jones Lang LaSalle price target raised to $200 from $176 at JPMorgan
01/25/21 Goldman Sachs
CBRE Group initiated with a Buy at Goldman Sachs
AMPS Altus Power
$50.32 /

+ (+0.00%)

RICE Rice Acquisition
$17.07 /

-0.37 (-2.12%)

07/13/21 Capital One
Capital One starts Archaea Energy deal partner Rice Acquisition at Overweight
07/13/21 Capital One
Rice Acquisition initiated with an Overweight at Capital One
LFG Archaea Energy
/

+

MRAC Marquee Raine Acquisition
$9.90 /

+0.01 (+0.10%)

07/16/21 Telsey Advisory
Telsey starts Marquee Raine Acquisition with Outperform ahead of Enjoy deal
07/16/21 Telsey Advisory
Marquee Raine Acquisition initiated with an Outperform at Telsey Advisory
07/13/21 Loop Capital
Marquee Raine Acquisition initiated with a Hold at Loop Capital
ENJY Enjoy Technology
/

+

DCRB Decarbonization Plus Acquisition
$10.38 /

+0.37 (+3.70%)

07/12/21 DA Davidson
Decarbonization Plus Acquisition initiated with a Buy at DA Davidson
07/12/21 DA Davidson
Decarbonization Plus Acquisition initiated with a Buy at DA Davidson
06/08/21 Colliers
California HVIP vouchers 'an important development' for EV stocks, says Colliers
06/02/21 Colliers
Decarbonization Plus Acquisition initiated with a Buy at Colliers
NGAC NextGen Acquisition Corp.
$9.97 /

+0.025 (+0.25%)

07/16/21 DA Davidson
NextGen Acquisition Corp. initiated with a Buy at DA Davidson
07/16/21 DA Davidson
NextGen Acquisition Corp. initiated with a Buy at DA Davidson
06/16/21 Colliers
NextGen Acquisition initiated with a Buy at Colliers
06/11/21 Benchmark
NextGen Acquisition Corp. initiated with a Buy at Benchmark
TWCB Bilander Acquisition
/

+

CLAQ CleanTech Acquisition
/

+

UPTD TradeUp Acquisition
/

+

JATT JATT Acquisition
/

+

ARYE Arya Sciences Acquisition V
$10.03 /

+ (+0.00%)

GWII Good Works II
/

+

UBER Uber
$46.21 /

-0.2 (-0.43%)

GM General Motors
$55.46 /

-1.51 (-2.65%)

CBRE CBRE Group
$82.95 /

-0.58 (-0.69%)

  • 13
    Jul
  • 08
    Jan
UBER Uber
$46.21 /

-0.2 (-0.43%)

SLAM Slam Corp.
$9.82 /

+0.01 (+0.10%)

RTPY Reinvent Technology Partners Y
$9.95 /

-0.05 (-0.50%)

NGAC NextGen Acquisition Corp.
$9.97 /

+0.025 (+0.25%)

MRAC Marquee Raine Acquisition
$9.90 /

+0.01 (+0.10%)

IVAN Ivanhoe Capital Acquisition Corp.
$9.93 /

+0.02 (+0.20%)

HYMTF Hyundai Motor
$49.70 /

-0.08 (-0.16%)

GM General Motors
$55.46 /

-1.51 (-2.65%)

DCRB Decarbonization Plus Acquisition
$10.38 /

+0.37 (+3.70%)

CBRE CBRE Group
$82.95 /

-0.58 (-0.69%)

UBER Uber
$46.21 /

-0.2 (-0.43%)

SLAM Slam Corp.
$9.82 /

+0.01 (+0.10%)

RTPY Reinvent Technology Partners Y
$9.95 /

-0.05 (-0.50%)

RICE Rice Acquisition
$17.07 /

-0.37 (-2.12%)

NGAC NextGen Acquisition Corp.
$9.97 /

+0.025 (+0.25%)

MRAC Marquee Raine Acquisition
$9.90 /

+0.01 (+0.10%)

HYMTF Hyundai Motor
$49.70 /

-0.08 (-0.16%)

GM General Motors
$55.46 /

-1.51 (-2.65%)

DCRB Decarbonization Plus Acquisition
$10.38 /

+0.37 (+3.70%)

UBER Uber
$46.21 /

-0.2 (-0.43%)

RICE Rice Acquisition
$17.07 /

-0.37 (-2.12%)

NGAC NextGen Acquisition Corp.
$9.97 /

+0.025 (+0.25%)

GM General Motors
$55.46 /

-1.51 (-2.65%)

DCRB Decarbonization Plus Acquisition
$10.38 /

+0.37 (+3.70%)

CBRE CBRE Group
$82.95 /

-0.58 (-0.69%)

Over a week ago
Initiation
Boston Properties assumed with a Neutral at Mizuho » 07:19
07/14/21
07/14
07:19
07/14/21
07:19
BXP

Boston Properties

$116.33 /

-2.315 (-1.95%)

Mizuho analyst Haendel…

Mizuho analyst Haendel St. Juste assumed coverage of Boston Properties with a Neutral rating and $115 price target following an analyst departure. The rating and price target are unchanged.

ShowHide Related Items >><<
BXP Boston Properties
$116.33 /

-2.315 (-1.95%)

BXP Boston Properties
$116.33 /

-2.315 (-1.95%)

06/25/21 Deutsche Bank
Boston Properties price target raised to $120 from $107 at Deutsche Bank
06/17/21 Truist
Boston Properties price target raised to $130 from $109 at Truist
06/14/21 Wolfe Research
Boston Properties initiated with a Peer Perform at Wolfe Research
06/14/21 Piper Sandler
Boston Properties upgraded to Overweight from Neutral at Piper Sandler
BXP Boston Properties
$116.33 /

-2.315 (-1.95%)

Hot Stocks
Boston Properties, CPP and GIC announce co-investment pact for future deals » 07:11
07/14/21
07/14
07:11
07/14/21
07:11
BXP

Boston Properties

$116.33 /

-2.315 (-1.95%)

Boston Properties, Canada…

Boston Properties, Canada Pension Plan Investment Board. CPP, and GIC Canada Pension Plan Investment Board and GIC announced today that they have established a co-investment program for future acquisitions of office properties in the United States. Through the program, the partners intend to selectively acquire and operate office properties in BXP's core markets - Boston, Los Angeles, New York, San Francisco and Washington, DC, as well as Seattle. The partners have targeted an aggregate of $1.0B of equity to the program, with BXP and CPP Investments each allocating $250 million and GIC allocating $500 million. The partnership expects to employ leverage allowing for an initial investment capacity of approximately $2.0B. With these capital commitments, BXP expects to be able to accelerate the pace at which it can pursue acquisition opportunities and extend its investment capacity. "We are delighted to expand our relationship with CPP Investments and to begin a new relationship with GIC, two highly respected and experienced real estate investors," said Owen Thomas, CEO of BXP. "This new co-investment program underscores the attractiveness of Class A office investment opportunities in our markets and BXP's track record of creating long-term value at the property level." Under the agreement, over the next two years BXP will provide CPP Investments and GIC with exclusive first offers to form joint ventures with BXP to invest in acquisition opportunities that meet the target investment criteria of the program, subject to certain exclusions . BXP will act as general partner and provide customary property management, leasing and other services.

ShowHide Related Items >><<
BXP Boston Properties
$116.33 /

-2.315 (-1.95%)

BXP Boston Properties
$116.33 /

-2.315 (-1.95%)

06/25/21 Deutsche Bank
Boston Properties price target raised to $120 from $107 at Deutsche Bank
06/17/21 Truist
Boston Properties price target raised to $130 from $109 at Truist
06/14/21 Wolfe Research
Boston Properties initiated with a Peer Perform at Wolfe Research
06/14/21 Piper Sandler
Boston Properties upgraded to Overweight from Neutral at Piper Sandler
BXP Boston Properties
$116.33 /

-2.315 (-1.95%)

Hot Stocks
Altus Power announces combination with CBRE Acquisition Holdings » 06:34
07/13/21
07/13
06:34
07/13/21
06:34
CBAH

CBRE Acquisition Holdings

$9.85 /

+0.1 (+1.03%)

, CBRE

CBRE Group

$85.82 /

+0.045 (+0.05%)

Altus Power and CBRE…

Altus Power and CBRE Acquisition Holdings (CBAH) announced a definitive agreement for a business combination that would result in Altus Power becoming a public company listed on the New York Stock Exchange under the new ticker symbol "AMPS". CBAH is a special-purpose acquisition company sponsored by CBRE Group (CBRE), the world's largest commercial real estate services firm. The transaction is anticipated to generate gross proceeds of up to approximately $678M of cash, assuming no redemptions by CBAH's public stockholders, which will be used to fund the company's growth initiatives and strengthen the combined company's balance sheet. Proceeds include a $275M fully-committed common stock PIPE, anchored by CBRE Group, Inc. and existing investors, including Altus Power management and Blackstone Credit, as well as new investors, including ValueAct Capital, Liberty Mutual Investments and other leading institutional investors. The pro forma implied equity value of the combined company is $1.58B at the $10 per share price in the transaction, and assuming no redemptions by CBAH's public stockholders. The transaction has been unanimously approved by the board of Altus Power and unanimously approved by the board of CBAH after receiving the unanimous recommendation of its special committee. Completion of the proposed transaction is subject to customary closing conditions, including the approval of CBAH's stockholders, and is expected to occur in the fourth calendar quarter of 2021.

ShowHide Related Items >><<
CBRE CBRE Group
$85.82 /

+0.045 (+0.05%)

CBAH CBRE Acquisition Holdings
$9.85 /

+0.1 (+1.03%)

CBAH CBRE Acquisition Holdings
$9.85 /

+0.1 (+1.03%)

CBRE CBRE Group
$85.82 /

+0.045 (+0.05%)

06/14/21 Wolfe Research
CBRE Group initiated with an Outperform at Wolfe Research
05/28/21 Piper Sandler
American Campus upgraded to Overweight from Neutral at Piper Sandler
02/26/21 JPMorgan
Jones Lang LaSalle price target raised to $200 from $176 at JPMorgan
01/25/21 Goldman Sachs
CBRE Group initiated with a Buy at Goldman Sachs
CBRE CBRE Group
$85.82 /

+0.045 (+0.05%)

CBRE CBRE Group
$85.82 /

+0.045 (+0.05%)

CBRE CBRE Group
$85.82 /

+0.045 (+0.05%)

Downgrade
Empire State Realty downgraded to Market Perform from Outperform at BMO Capital » 04:52
07/12/21
07/12
04:52
07/12/21
04:52
ESRT

Empire State Realty

$12.25 /

+0.415 (+3.51%)

BMO Capital analyst John…

BMO Capital analyst John Kim downgraded Empire State Realty to Market Perform from Outperform with a $13.50 price target. The analyst cites valuation for the downgrade with the shares providing a 32% total return year-to-date. Further, Kim is tempering assumptions on the Empire State Building Observatory visitors given the slower recovery of international tourism in New York City, which he notes accounts for approximately two-thirds of the visitors to the Observatory. The analyst sees more attractive value elsewhere in the sector.

ShowHide Related Items >><<
ESRT Empire State Realty
$12.25 /

+0.415 (+3.51%)

ESRT Empire State Realty
$12.25 /

+0.415 (+3.51%)

06/14/21 Wolfe Research
Empire State Realty initiated with an Outperform at Wolfe Research
05/03/21 Evercore ISI
Empire State Realty upgraded to Outperform from Underperform at Evercore ISI
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
ESRT Empire State Realty
$12.25 /

+0.415 (+3.51%)

Earnings
SL Green Realty completes $3B refinancing of One Vanderbilt Ave. » 07:36
06/28/21
06/28
07:36
06/28/21
07:36
SLG

SL Green Realty

$82.48 /

+1.47 (+1.81%)

SL Green Realty announced…

SL Green Realty announced that it has closed a $3B 10-year, fixed-rate financing of One Vanderbilt Avenue, which is owned in a joint venture between SL Green, National Pension Service of Korea and Hines Interests, LP. The loan was securitized in a single asset, single borrower agented CMBS transaction. The agents were a consortium of financial institutions, led by Wells Fargo Bank, N.A. and Goldman Sachs Bank USA, that also included Bank of America N.A., Bank of China, Bank of Montreal, Deutsche Bank, JP Morgan Chase Bank, N.A., Barclays Capital Real Estate Inc. and Citi. The new financing carries a stated coupon of 2.855 percent, equivalent to a rate of 2.947 percent inclusive of hedging costs, and replaces the previous $1.75B construction facility with an outstanding balance at the time of payoff of approximately $1.54B. One Vanderbilt is currently 89 percent leased.

ShowHide Related Items >><<
SLG SL Green Realty
$82.48 /

+1.47 (+1.81%)

SLG SL Green Realty
$82.48 /

+1.47 (+1.81%)

06/25/21 Deutsche Bank
SL Green Realty price target raised to $77 from $66 at Deutsche Bank
06/14/21 Wolfe Research
SL Green Realty initiated with a Peer Perform at Wolfe Research
06/14/21 Piper Sandler
SL Green Realty price target raised to $88 from $75 at Piper Sandler
05/25/21 Goldman Sachs
SL Green Realty assumed with a Buy at Goldman Sachs
SLG SL Green Realty
$82.48 /

+1.47 (+1.81%)

SLG SL Green Realty
$82.48 /

+1.47 (+1.81%)

SLG SL Green Realty
$82.48 /

+1.47 (+1.81%)

Recommendations
SL Green Realty price target raised to $77 from $66 at Deutsche Bank » 06:49
06/25/21
06/25
06:49
06/25/21
06:49
SLG

SL Green Realty

$81.01 /

+0.45 (+0.56%)

Deutsche Bank analyst…

Deutsche Bank analyst Derek Johnston raised the firm's price target on SL Green Realty to $77 from $66 and keeps a Hold rating on the shares. The return to office post pandemic is gaining focus as companies and employees prepare to return en masse in September, Johnston tells investors in a research note. Office real estate investment trusts have traded higher as earnings remained largely intact, except for ancillary income such as parking, retail and any hotel revenues, which largely remain under pressure, says the analyst. He believes the return of ancillary revenues will aid earnings growth and "fill the earnings hole afflicting the Office REITs."

ShowHide Related Items >><<
SLG SL Green Realty
$81.01 /

+0.45 (+0.56%)

SLG SL Green Realty
$81.01 /

+0.45 (+0.56%)

06/14/21 Wolfe Research
SL Green Realty initiated with a Peer Perform at Wolfe Research
06/14/21 Piper Sandler
SL Green Realty price target raised to $88 from $75 at Piper Sandler
05/25/21 Goldman Sachs
SL Green Realty assumed with a Buy at Goldman Sachs
04/19/21 Deutsche Bank
SL Green Realty price target raised to $66 from $63 at Deutsche Bank
SLG SL Green Realty
$81.01 /

+0.45 (+0.56%)

SLG SL Green Realty
$81.01 /

+0.45 (+0.56%)

SLG SL Green Realty
$81.01 /

+0.45 (+0.56%)

Recommendations
Boston Properties price target raised to $120 from $107 at Deutsche Bank » 06:48
06/25/21
06/25
06:48
06/25/21
06:48
BXP

Boston Properties

$119.11 /

+0.38 (+0.32%)

Deutsche Bank analyst…

Deutsche Bank analyst Derek Johnston raised the firm's price target on Boston Properties to $120 from $107 and keeps a Hold rating on the shares. The return to office post pandemic is gaining focus as companies and employees prepare to return en masse in September, Johnston tells investors in a research note. Office real estate investment trusts have traded higher as earnings remained largely intact, except for ancillary income such as parking, retail and any hotel revenues, which largely remain under pressure, says the analyst. He believes the return of ancillary revenues will aid earnings growth and "fill the earnings hole afflicting the Office REITs."

ShowHide Related Items >><<
BXP Boston Properties
$119.11 /

+0.38 (+0.32%)

BXP Boston Properties
$119.11 /

+0.38 (+0.32%)

06/17/21 Truist
Boston Properties price target raised to $130 from $109 at Truist
06/14/21 Wolfe Research
Boston Properties initiated with a Peer Perform at Wolfe Research
06/14/21 Piper Sandler
Boston Properties upgraded to Overweight from Neutral at Piper Sandler
05/25/21 Goldman Sachs
Boston Properties assumed with a Sell at Goldman Sachs
BXP Boston Properties
$119.11 /

+0.38 (+0.32%)

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