Paulson's Investment in CB Richard Ellis Can't Boost Real Estate Sector Today (CBG, CBL, CMO, NLY)
More News related to CBG
- Trading Outlook for General Growth Properties Inc. Issued by InvestorSoup.com
- Liberty Mutual's 10 St. James Avenue, Boston Building Receives LEED Silver Certificate for Existing Buildings Operations and Maintenance
- CB Richard Ellis (CBG) To Sell Up to $300M In Stock In ATM Offering
- CB Richard Ellis Group, Inc. Announces Launch of At-the-Market Public Stock Offering of up to $300 Million
- CB Richard Ellis Group, Inc. Extends Exchange Offer for Its 11.625% Senior Subordinated Notes Due 2017
More News related to CBL
- CBL (CBL) Posts Q3 FFO of $0.50, Tops by 3c; Reaffirms Guidance
- CBL Closes Extension and Modification of Full $560 Million Revolving Credit Facility
- Trading Radar for 11/03: UBS (UBS), Yamana Gold (AUY), Archer-Daniels (ADM), Royal Caribbean (RCL), Marathon (MRO) Report
- CBL Announces Settlers Ridge in Pittsburgh (Robinson Township), PA Opens 94% Leased and Committed
- CBL & Associates Helps Santa Feed America, Asks Shoppers to Give Gift of Food
More News related to CMO
- Keefe, Bruyette & Woods Upgrades Capstead Mortgage (CMO) to Outperform; Valuation Call
- Capstead Mortgage Corporation Declares November Dividend on Its $1.26 Cumulative Convertible Preferred Stock, Series B and Announces New Conversion Ratios for Its Preferred Stocks
- Southwest IDEAS Conference Announces Presenting Company Lineup, Lunch Programs
- Capstead Mortgage (CMO) Reports Q3 EPS of $0.56, Even with Street
- Capstead Mortgage Corporation Announces Third Quarter 2009 Earnings
More News related to Insiders' Blog
- Mexican Restaurants (CASA) Posts Q3 Loss of $0.07, Better Y/Y; Revs Down
- Cosi (COSI) Posts Q3 Loss of $0.06, Beats By 2c
- Enterprise GP Holdings (EPE) Posts Q3 EPS of $0.18, Misses Views
- Mindray Medical (MR) Tops Q3 EPS by 6c; Revs Light
- Neenah Paper (NP) Tops Q3 Views
Stocks in the Real Estate Operations sector are underperforming the broader markets today despite news from John Paulson's Paulson & Co. that it has invested $100 million in commercial real estate servicing firm, CB Richard Ellis (NYSE: CBG). Shares of CBG spiked more than 14% today.
As the investment by Paulson (who made billions shorting housing over the last few years) should certainly be a positive for the sector, other factors are weighing on the group today:
- CBL & Associates (NYSE: CBL) announced that it plans to sell 50 million shares in a public offering and, consequently, sees FY09 results below the Street.
- CB Richard Ellis issued Q2 EPS guidance of $0.00-$0.07, versus the consensus of $0.07
- an analyst at Sterne Agee downgraded Capstead Mortgage (NYSE: CMO), Annaly Capital (NYSE: NLY) and MFA Financial (NYSE: MFA) from Buy to Neutral this morning. CMO and MFA fell about 4% today, while Annaly closed about 1% lower.
Related Categories
Insiders' BlogTrader Talk
Stocks Mentioned
+0.41Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
