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People walk near the entrance of a Kohl’s department store on June 7, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s might not sell its business after all. But it’s now trying to sell some of its properties, reversing its previous stance. The retailer announced on Friday that it had ended deal talks … Read more
Good morning and welcome to the new month, dear readers! Today is Friday, July 1st, and the sea layer should give way to mostly sunny skies around Santa Cruz County as we head into the bank holiday weekend, with highs between 60 and 80. Here’s something we haven’t seen here in a long time: fall … Read more
WWhen an asset is labeled “hot” on Wall Street, it suggests that investors are buying it immediately. But nothing goes straight up or down, so there’s always an opportunity for those with a long-term focus. At the moment, prologue (NYSE:PLD) and Innovative industrial properties (NYSE: IIPR) have fallen from grace. But don’t let that fool … Read more
Stock traders on the floor of the New York Stock Exchange. Spencer Platt | News from Getty Images | Getty Images The S&P 500 index, a barometer of US stocks, just had its worst first half in over 50 years. The index has fallen 20.6% over the past six months from its peak in early … Read more
Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) closed a gap ahead of Friday’s trading following insider buying activity. The stock previously closed at $16.57 but opened at $16.99. Pebblebrook Hotel Trust shares were last traded at $17.16 with volume of 20,132 shares traded. Specifically, CEO Jon E. Bortz acquired 10,000 shares of Pebblebrook Hotel Trust … Read more
The Office of Civic and Community Engagement has partnered with Miami-Dade County housing leaders to develop an innovative tool that identifies affordable housing units for workers. In the past two years, Miami has experienced a real estate boom that is second to none. Coupled with rising home prices, monthly rental rates in Miami-Dade County have … Read more
PennyMac Mortgage Investment Trust (NYSE:PMT – Valuation Received) its price target was cut from $21.00 to $18.00 by research analysts at B. Riley in a research note published on Friday, reports The Fly. B. Riley’s price target indicates a potential upside move of 30.15% from the stock’s previous close. A number of other research companies … Read more
Image by Melk Hagelslag via Pixabay Change is constant in life; “Standard” is temporary and “normal” is something we’re still trying to figure out. A 20-year-old in 2022 has a very different perception of normality than a 20-year-old in the 1980s. And that’s normal. It’s also perfectly normal for apartment building owners and developers to … Read more
Empire State Realty Trust (NYSE:ESRT – Valuation Received) Benzinga reports that research analysts at Wells Fargo & Company cut its target price from $8.00 to $5.50 in a research report issued to clients and investors on Friday. The company currently has a “Underweight” rating on Real Estate Investment Trust stocks. Wells Fargo & Company’s price … Read more
Corporate Office Properties Trust (NYSE:OFC – Valuation Received) had lowered its target price by investment analysts at Wells Fargo & Company from $33.00 to $30.00 in a research report released to clients and investors on Friday, reports Benzinga. The brokerage firm currently has an “Overweight” rating on Real Estate Investment Trust stock. Wells Fargo & … Read more