Baird Downgrades Excel Trust (EXL) to Neutral

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Raymond James Downgrades Excel Trust (EXL) to Market Perform

April 14, 2015 6:44 AM EDT

Raymond James downgraded Excel Trust (NYSE: EXL) from Outperform to Market Perform and removed its price target (prior $15.00).

For an analyst ratings summary and ratings history on Excel Trust click here. For more ratings news on Excel Trust click here.

Shares of Excel Trust closed at $15.81 yesterday.

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Cantor Fitzgerald Upgrades Excel Trust (EXL) to Hold

April 13, 2015 7:10 AM EDT

Cantor Fitzgerald upgraded Excel Trust (NYSE: EXL) from Buy to Hold.

For an analyst ratings summary and ratings history on Excel Trust click here. For more ratings news on Excel Trust click here.

Shares of Excel Trust closed at $15.82 yesterday.

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Blackstone Property Partners to Acquire Excel Trust (EXL) in ~$2B Deal

April 10, 2015 8:03 AM EDT

Excel Trust (NYSE: EXL) announced that it has entered into a definitive agreement with Blackstone Property Partners L.P., under which Blackstone will acquire all outstanding shares of common stock of Excel Trust for $15.85 per share in an all-cash transaction valued at approximately $2 billion.

The transaction has been unanimously approved by Excel Trust's Board of Directors and represents a premium of nearly 15% over the Company's closing stock price on April 9, 2015. In addition to the common stock dividend of $0.18 per share payable on April 15, 2015, Excel Trust intends to pay an additional common stock... More