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Periodicals
NYC commercial tenants behind in rent at 'unprecedented rates,' NYT says » 17:22
05/21/20
05/21
17:22
05/21/20
17:22
CBRE

CBRE Group

$40.74 /

+1.115 (+2.81%)

, VNO

Vornado

$35.74 /

-0.89 (-2.43%)

, SLG

SL Green Realty

$37.43 /

-0.62 (-1.63%)

, BXP

Boston Properties

$79.88 /

-0.79 (-0.98%)

, SPG

Simon Property

$55.99 /

+0.465 (+0.84%)

Across the boroughs of…

Across the boroughs of New York City, small businesses have been sidelined by the coronavirus shutdowns, wrote Matthew Haag of the New York Times. About 80% of Vornado Property Trust's (VNO) "retail tenants did not pay rent in April and May, its chief executive, Steven Roth, said during an interview," according to the NY Times story. The NYT story added that while landlords may be "unnerved by tenants' rights groups and community nonprofits that have rallied around residential rent strikes," corporations with office spaces in the city have been "far more aggressive in skipping rent." Publicly traded companies that may be impacted by this include: Vornado (VNO) Boston Properties (BXP), CBRE Group (CBRE) SL Green (SLG), and Simon Property(SPG). Reference Link

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VNO Vornado
$35.74 /

-0.89 (-2.43%)

SPG Simon Property
$55.99 /

+0.465 (+0.84%)

SLG SL Green Realty
$37.43 /

-0.62 (-1.63%)

CBRE CBRE Group
$40.74 /

+1.115 (+2.81%)

BXP Boston Properties
$79.88 /

-0.79 (-0.98%)

CBRE CBRE Group
$40.74 /

+1.115 (+2.81%)

04/09/20 JPMorgan
Cushman & Wakefield downgraded to Neutral as 'riskiest' CRE broker at JPMorgan
04/09/20 JPMorgan
CBRE Group downgraded to Neutral on valuation at JPMorgan
04/09/20 JPMorgan
CBRE Group downgraded to Neutral from Overweight at JPMorgan
01/24/20 Raymond James
CBRE Group downgraded to Outperform from Strong Buy at Raymond James
VNO Vornado
$35.74 /

-0.89 (-2.43%)

05/05/20 Stifel
Vornado downgraded to Sell from Hold at Stifel
04/08/20 BMO Capital
SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
04/07/20 Citi
Vornado downgraded to Neutral from Buy at Citi
04/02/20 Goldman Sachs
Vornado downgraded to Sell from Neutral at Goldman Sachs
SLG SL Green Realty
$37.43 /

-0.62 (-1.63%)

05/05/20 BMO Capital
SL Green Realty price target raised to $65 from $55 at BMO Capital
04/24/20 Piper Sandler
SL Green Realty downgraded to Neutral from Overweight at Piper Sandler
04/07/20 Citi
SL Green Realty downgraded to Neutral from Buy at Citi
BXP Boston Properties
$79.88 /

-0.79 (-0.98%)

04/16/20 Jefferies
Jefferies downgrades Boston Properties to Hold, cuts price target to $94
04/16/20 Jefferies
Boston Properties downgraded to Hold from Buy at Jefferies
03/18/20 Deutsche Bank
Deutsche Bank upgrades Simon Property to Buy amid COVID-19 risks
03/10/20 Stifel
Boston Properties upgraded to Buy from Hold at Stifel
SPG Simon Property
$55.99 /

+0.465 (+0.84%)

05/07/20
Fly Intel: Top five analyst downgrades
05/07/20 Wells Fargo
Wells Fargo downgrades Simon Property, sees 'rocky' road to recovery for malls
05/07/20 Wells Fargo
Simon Property downgraded to Equal Weight from Overweight at Wells Fargo
04/14/20 BofA
BofA cuts Simon Property to Neutral amid 'unprecedented' retail challenges
VNO Vornado
$35.74 /

-0.89 (-2.43%)

SPG Simon Property
$55.99 /

+0.465 (+0.84%)

SLG SL Green Realty
$37.43 /

-0.62 (-1.63%)

CBRE CBRE Group
$40.74 /

+1.115 (+2.81%)

BXP Boston Properties
$79.88 /

-0.79 (-0.98%)

SPG Simon Property
$55.99 /

+0.465 (+0.84%)

SLG SL Green Realty
$37.43 /

-0.62 (-1.63%)

SPG Simon Property
$55.99 /

+0.465 (+0.84%)

VNO Vornado
$35.74 /

-0.89 (-2.43%)

SPG Simon Property
$55.99 /

+0.465 (+0.84%)

SLG SL Green Realty
$37.43 /

-0.62 (-1.63%)

Over a week ago
Options
Early notable gainers among liquid option names on May 18th » 09:55
05/18/20
05/18
09:55
05/18/20
09:55
CHK

Chesapeake

$13.13 /

+2.37 (+22.03%)

, SLG

SL Green Realty

$42.98 /

+5.01 (+13.19%)

, EXPE

Expedia

$73.00 /

+6.21 (+9.30%)

, RCL

Royal Caribbean

$42.33 /

+4.905 (+13.11%)

, LEG

Leggett & Platt

$30.05 /

+3.45 (+12.97%)

Notable gainers among…

Notable gainers among liquid option names this morning include Chesapeake (CHK) $12.57 +1.78, SL Green Realty (SLG) $43.37 +5.40, Expedia (EXPE) $75.98 +9.22, Royal Caribbean (RCL) $42.36 +4.91, and Leggett & Platt (LEG) $30.03 +3.42.

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SLG SL Green Realty
$42.98 /

+5.01 (+13.19%)

RCL Royal Caribbean
$42.33 /

+4.905 (+13.11%)

LEG Leggett & Platt
$30.05 /

+3.45 (+12.97%)

EXPE Expedia
$73.00 /

+6.21 (+9.30%)

CHK Chesapeake
$13.13 /

+2.37 (+22.03%)

CHK Chesapeake
$13.13 /

+2.37 (+22.03%)

04/16/20 Ladenburg
Chesapeake downgraded to Sell from Neutral at Ladenburg
04/07/20 Scotiabank
Chesapeake downgraded to Underperform from Outperform at Scotiabank
03/09/20
Fly Intel: Top five analyst downgrades
03/09/20 Raymond James
Raymond James adjusts energy ratings for weak near-term picture
SLG SL Green Realty
$42.98 /

+5.01 (+13.19%)

05/05/20 BMO Capital
SL Green Realty price target raised to $65 from $55 at BMO Capital
04/24/20 Piper Sandler
SL Green Realty downgraded to Neutral from Overweight at Piper Sandler
04/08/20 BMO Capital
SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
04/07/20 Citi
SL Green Realty downgraded to Neutral from Buy at Citi
EXPE Expedia
$73.00 /

+6.21 (+9.30%)

05/06/20 Deutsche Bank
Deutsche downgrades TripAdvisor on lack of confidence in travel rebound
05/05/20 Mizuho
Expedia price target lowered to $73 from $110 at Mizuho
04/29/20 Raymond James
Expedia price target lowered to $80 from $136 at Raymond James
04/24/20
Fly Intel: Top five analyst upgrades
RCL Royal Caribbean
$42.33 /

+4.905 (+13.11%)

05/11/20 Morgan Stanley
Royal Caribbean may still need to raise more cash, says Morgan Stanley
04/23/20 Stifel
Stifel calls Royal best positioned cruise operator, ups target to $48
04/20/20 JPMorgan
Royal Caribbean price target lowered to $55 from $155 at JPMorgan
04/08/20 Nomura Instinet
Royal Caribbean price target lowered to $62 from $66 at Nomura Instinet
LEG Leggett & Platt
$30.05 /

+3.45 (+12.97%)

05/18/20 SunTrust
Leggett & Platt price target raised to $30 from $27 at SunTrust
05/14/20 Raymond James
Leggett & Platt double upgraded to Strong Buy at Raymond James
05/14/20 Raymond James
Leggett & Platt upgraded to Strong Buy from Market Perform at Raymond James
04/06/20 Stifel
Leggett & Platt price target lowered to $20 from $49 at Stifel
SLG SL Green Realty
$42.98 /

+5.01 (+13.19%)

RCL Royal Caribbean
$42.33 /

+4.905 (+13.11%)

LEG Leggett & Platt
$30.05 /

+3.45 (+12.97%)

EXPE Expedia
$73.00 /

+6.21 (+9.30%)

CHK Chesapeake
$13.13 /

+2.37 (+22.03%)

SLG SL Green Realty
$42.98 /

+5.01 (+13.19%)

RCL Royal Caribbean
$42.33 /

+4.905 (+13.11%)

EXPE Expedia
$73.00 /

+6.21 (+9.30%)

CHK Chesapeake
$13.13 /

+2.37 (+22.03%)

RCL Royal Caribbean
$42.33 /

+4.905 (+13.11%)

LEG Leggett & Platt
$30.05 /

+3.45 (+12.97%)

EXPE Expedia
$73.00 /

+6.21 (+9.30%)

CHK Chesapeake
$13.13 /

+2.37 (+22.03%)

RCL Royal Caribbean
$42.33 /

+4.905 (+13.11%)

EXPE Expedia
$73.00 /

+6.21 (+9.30%)

CHK Chesapeake
$13.13 /

+2.37 (+22.03%)

Hot Stocks
SL Green Realty sells 49.5% interest in One Madison Avenue to NPS, Hines » 07:37
05/05/20
05/05
07:37
05/05/20
07:37
SLG

SL Green Realty

$47.57 /

-1.51 (-3.08%)

SL Green Realty announced…

SL Green Realty announced that it has sold a 49.5% interest in One Madison Avenue to the National Pension Service of Korea, or NPS, and Hines. NPS and Hines have committed aggregate equity to the project totaling no less than $492.2M. SL Green Realty Corp. and Hines will co-develop the $2.3B project, which will span 1.4 million rentable square feet upon completion.

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SLG SL Green Realty
$47.57 /

-1.51 (-3.08%)

05/05/20 BMO Capital
SL Green Realty price target raised to $65 from $55 at BMO Capital
04/24/20 Piper Sandler
SL Green Realty downgraded to Neutral from Overweight at Piper Sandler
04/08/20 BMO Capital
SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
04/07/20 Citi
SL Green Realty downgraded to Neutral from Buy at Citi
Recommendations
SL Green Realty price target raised to $65 from $55 at BMO Capital » 07:23
05/05/20
05/05
07:23
05/05/20
07:23
SLG

SL Green Realty

$47.57 /

-1.51 (-3.08%)

BMO Capital analyst John…

BMO Capital analyst John Kim raised the firm's price target on SL Green Realty to $65 from $55 and keeps a Market Perform rating on the shares. The analyst notes that the company took a "major stride" as part of its "Billion Dollar Plan" to increase its cash position with the sale of the retail condo at 609 Fifth Ave. for $168M, highlighting sustained demand for "high-quality, newly renovated YC assets". Kim adds that the deal reinforces values, and he no longer sees SL Green's dividend being at risk.

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SLG SL Green Realty
$47.57 /

-1.51 (-3.08%)

04/24/20 Piper Sandler
SL Green Realty downgraded to Neutral from Overweight at Piper Sandler
04/08/20 BMO Capital
SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
04/07/20 Citi
SL Green Realty downgraded to Neutral from Buy at Citi
04/06/20 BofA
SL Green Realty downgraded to Neutral from Buy at BofA
Hot Stocks
SL Green Realty sells 609 Fifth Avenue retail condominium for $168M » 07:21
05/05/20
05/05
07:21
05/05/20
07:21
SLG

SL Green Realty

$47.57 /

-1.51 (-3.08%)

SL Green Realty announced…

SL Green Realty announced yesterday that it has entered into a contract to sell its recently repositioned 609 Fifth Avenue retail condominium for $168.0 million to an affiliate of the Reuben Brothers. The transaction is scheduled to close in the second quarter of 2020, subject to satisfaction of various closing conditions.

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SLG SL Green Realty
$47.57 /

-1.51 (-3.08%)

04/24/20 Piper Sandler
SL Green Realty downgraded to Neutral from Overweight at Piper Sandler
04/08/20 BMO Capital
SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
04/07/20 Citi
SL Green Realty downgraded to Neutral from Buy at Citi
04/06/20 BofA
SL Green Realty downgraded to Neutral from Buy at BofA
Periodicals
Berkshires' Buffett ponders workers return to offices, WSJ says » 13:13
05/04/20
05/04
13:13
05/04/20
13:13
HPP

Hudson Pacific

$23.11 /

-0.32 (-1.37%)

, SLG

SL Green Realty

$47.15 /

-1.93 (-3.93%)

, BXP

Boston Properties

$89.97 /

-2.95 (-3.17%)

, HIW

Highwoods Properties

$36.00 /

-0.6 (-1.64%)

, CLI

Mack-Cali Realty

$15.06 /

-0.15 (-0.99%)

, BRK.A

Berkshire Hathaway

$265,260.00 /

-8190 (-3.00%)

, BRK.B

Berkshire Hathaway

$176.66 /

-6.1 (-3.34%)

Berkshire Hathaway's…

Berkshire Hathaway's (BRK.A, BRK.B) legendary leader Warren Buffett, said over the weekend,with so many people working remotely for health reasons, that the impact of the coronavirus may impact the way workers due their jobs, reports Chip Cutter of the Wall Street Journal. "The supply and demand for office space may change significantly. A lot of people have learned that they can work at home, or that there's other methods of conducting their business than they might have thought from what they were doing a couple of years ago. When change happens in the world, you adjust to it," said Warren Buffett. Publicly traded companies this information may relate to include, Boston Properties (BXP), SL Green (SLG) Hudson Pacific (HPP) Highwoods Properties (HIW), and Mack-Cali Realty (CLI). Reference Link

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HPP Hudson Pacific
$23.11 /

-0.32 (-1.37%)

04/16/20 Jefferies
Hudson Pacific initiated with a Hold at Jefferies
02/04/20 Mizuho
Hudson Pacific assumed with a Buy at Mizuho
01/15/20 Mizuho
Hudson Pacific upgraded to Buy from Neutral at Mizuho
11/08/19 Goldman Sachs
Hudson Pacific initiated with a Buy at Goldman Sachs
SLG SL Green Realty
$47.15 /

-1.93 (-3.93%)

04/24/20 Piper Sandler
SL Green Realty downgraded to Neutral from Overweight at Piper Sandler
04/08/20 BMO Capital
SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
04/07/20 Citi
SL Green Realty downgraded to Neutral from Buy at Citi
04/06/20 BofA
SL Green Realty downgraded to Neutral from Buy at BofA
BXP Boston Properties
$89.97 /

-2.95 (-3.17%)

04/16/20 Jefferies
Jefferies downgrades Boston Properties to Hold, cuts price target to $94
04/16/20 Jefferies
Boston Properties downgraded to Hold from Buy at Jefferies
03/18/20 Deutsche Bank
Deutsche Bank upgrades Simon Property to Buy amid COVID-19 risks
03/10/20 Stifel
Boston Properties upgraded to Buy from Hold at Stifel
HIW Highwoods Properties
$36.00 /

-0.6 (-1.64%)

04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/06/20 Baird
Highwoods Properties upgraded to Outperform at Baird
04/06/20 Baird
Highwoods Properties upgraded to Outperform from Neutral at Baird
CLI Mack-Cali Realty
$15.06 /

-0.15 (-0.99%)

03/25/20 Evercore ISI
Mack-Cali Realty downgraded to In Line from Outperform at Evercore ISI
01/07/20 Stifel
Mack-Cali Realty downgraded to Hold from Buy at Stifel
01/06/20 Evercore ISI
Mack-Cali Realty upgraded to Outperform from In Line at Evercore ISI
12/20/19 Citi
UDR combination with Mack-Cali Realty is unlikely, says Citi
BRK.A Berkshire Hathaway
$265,260.00 /

-8190 (-3.00%)

04/06/20 Citi
Delta not 'broken story' but share weakness may persist, says Citi
06/19/19 Citi
Axalta Coating under pressure to deliver on M&A, says Citi
BRK.B Berkshire Hathaway
$176.66 /

-6.1 (-3.34%)

Over a month ago
Downgrade
SL Green Realty downgraded to Neutral from Overweight at Piper Sandler » 06:09
04/24/20
04/24
06:09
04/24/20
06:09
SLG

SL Green Realty

$45.73 /

+1.04 (+2.33%)

Piper Sandler analyst…

Piper Sandler analyst Alexander Goldfarb downgraded SL Green Realty to Neutral from Overweight with a price target of $50, down from $60. The analyst thinks New York City's COVID-19 recovery will lag the country. While management is optimistic that New York City office returns in late May into June, it will take longer before both suburbanites and relocated New Yorkers feel comfortable going back given the city is the COVID epicenter, Goldfarb tells investors in a research note.

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SLG SL Green Realty
$45.73 /

+1.04 (+2.33%)

04/08/20 BMO Capital
SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
04/07/20 Citi
SL Green Realty downgraded to Neutral from Buy at Citi
04/06/20 BofA
SL Green Realty downgraded to Neutral from Buy at BofA
04/06/20 BofA
SL Green Realty downgraded to Neutral from Buy at BofA
Hot Stocks
SL Green Realty signs 12 leases totaling 107,325 feet to begin Q2 » 07:42
04/23/20
04/23
07:42
04/23/20
07:42
SLG

SL Green Realty

$44.69 /

-0.28 (-0.62%)

SL Green Realty announced…

SL Green Realty announced the company has signed 12 leases totaling 107,325 square feet of office space in the first three weeks of Q2. This includes 34,013 square feet at One Vanderbilt Avenue, bringing the skyline-defining tower to more than 67% leased. To date, the company has leased 423,479 square feet in 2020.

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SLG SL Green Realty
$44.69 /

-0.28 (-0.62%)

04/08/20 BMO Capital
SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
04/07/20 Citi
SL Green Realty downgraded to Neutral from Buy at Citi
04/06/20 BofA
SL Green Realty downgraded to Neutral from Buy at BofA
04/06/20 BofA
SL Green Realty downgraded to Neutral from Buy at BofA
Hot Stocks
SL Green Realty forms Food1st non-profit foundation » 07:41
04/23/20
04/23
07:41
04/23/20
07:41
SLG

SL Green Realty

$44.69 /

-0.28 (-0.62%)

SL Green Realty announced…

SL Green Realty announced the formation and launch of "Food1st", a non-profit foundation to be organized as a 501, to deliver thousands of meals daily to front-line, first responders and medical personnel, elderly New Yorkers and food insecure families. In addition to addressing the increasing demand for food assistance across New York City, Food1st will also help revitalize New York City's food and beverage industry by re-activating restaurant kitchens, to serve the city and bring restaurant staff safely back to work. SL Green has contributed $1M as a down-payment to the independent organization in the hope that other companies, organizations and individuals will join the effort to address this crisis. The initiative will work in partnership with Chef Boulud, who will open a new restaurant at SL Green's One Vanderbilt later this year, and add other restaurants and non-profit organizations to ensure the widest possible preparation and distribution of food. The effort will launch this morning from Boulud's downtown prep kitchen and initially provide up to 1,600 meals per day to New York City's frontline medical workers as the City continues to battle COVID-19. A second phase, scheduled for next week, will include additional SL Green tenants and partners to reach New York's most food insecure populations. In turn, this will re-activate the kitchens of some of SL Green's food and beverage tenants, with the goal of preparing and delivering more than 150,000 meals funded by SL Green's initial grant. Heightened safety precautions and protocols will be in place at all participating kitchens to ensure the health of all involved.

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SLG SL Green Realty
$44.69 /

-0.28 (-0.62%)

04/08/20 BMO Capital
SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
04/07/20 Citi
SL Green Realty downgraded to Neutral from Buy at Citi
04/06/20 BofA
SL Green Realty downgraded to Neutral from Buy at BofA
04/06/20 BofA
SL Green Realty downgraded to Neutral from Buy at BofA
Earnings
SL Green Realty cuts FY20 FFO view to $6.60-$7.10 from $7.25-$7.35 » 17:07
04/22/20
04/22
17:07
04/22/20
17:07
SLG

SL Green Realty

$44.69 /

-0.28 (-0.62%)

Consensus $6.98. The…

Consensus $6.98. The company expects that the global COVID-19 pandemic will have an impact on its business, and industry as a whole, going forward.

ShowHide Related Items >><<
SLG SL Green Realty
$44.69 /

-0.28 (-0.62%)

04/08/20 BMO Capital
SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
04/07/20 Citi
SL Green Realty downgraded to Neutral from Buy at Citi
04/06/20 BofA
SL Green Realty downgraded to Neutral from Buy at BofA
04/06/20 BofA
SL Green Realty downgraded to Neutral from Buy at BofA

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