For Immediate Release
Chicago, IL – June 15, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Government Properties Income Trust (GOV), Cypress Sharpridge Investments (CYS), Freddie Mac (FRE), Fannie Mae (FNM) and LoopNet (LOOP).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.
Here are highlights from Friday’s Analyst Blog:
2 New REIT IPOs
Two new recent REIT IPOs launched in June. Government Properties Income Trust (GOV) began trading earlier this month. The company priced 10 mm shares @ $20.00 per share. The company is a subsidiary of HRPT Properties Trust, an office REIT based in Massachusetts. HRPT owns 49.9% of GOV.
GOV will focus on owning office properties leased to the US government. The company currently has 29 office properties with 3.3 million square feet. 25 of the company’s properties are leased to the US government, and the remainder are leased to various state governments.
Cypress Sharpridge Investments (CYS) priced 9.1 mm shares @ $11.00 per share on June 11. Cypress invests exclusively in agency fixed and adjustable rate RMBS, which are mortgages guaranteed by the US government or a government agency, Freddie Mac (FRE), Fannie Mae (FNM).
LoopNet Market Weakens
The Federal Reserve released its Beige Book this week, and the news for LoopNet (LOOP), which operates an online marketplace for commercial real estate, remains challenging.
Commercial real estate transactions remain at historically low levels, and we expect this trend to continue to put pressure on LoopNet’s operations.
The Fed noted that “commercial real estate markets continued to weaken across all Districts.” This is certainly not a positive sign for LoopNet’s business, and the lack of transaction activity is our primary concern regarding the company’s outlook.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=2649.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks “Profit from the Pros” e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=2677
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4580.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact:
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com
