Company Overview and News
Duke Realty Corp. (DRE - Free Report) is experiencing solid demand for properties in Turnpike Crossing industrial park. The company stated that Turnpike Crossing 6729 — a 146,253-square feet industrial building that was delivered on Sep 1 — has been 75% leased. Eastern Metal Supplies, a distributor and fabricator of aluminum extrusions and sheet products, has leased 109,523 square feet in the property.
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Strategies to curtail costs along with consistent efforts to broaden portfolio have been aiding TreeHouse Foods, Inc. (THS - Free Report) to maintain foothold in the food space and keep investors interested. This renowned packaged foods and beverages company’s shares have surged 33.6% in the past six months, compared with the industry’s gain of 3.1%.
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We are optimistic about Ingevity Corporation’s (NGVT - Free Report) prospects and believe that the time is appropriate to buy the stock as it holds promise and will sustain the momentum. Let’s delve into the factors that make this Zacks Rank #1 (Strong Buy) stock an attractive choice. What Makes NGVT an Attractive Pick An Outperformer: Ingevity has significantly outperformed the industry it belongs to in the past year.
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Harris Corporation (HRS - Free Report) along with seven other defense companies and one research organization recently secured a $500 million contract from the U.S. Defense Intelligence Agency (“DIA”) to provide services on the HELIOS project. The 10-year contract has a base period of five years with five additional one-year options. The HELIOS program brings together laser weapon, long-range intelligence, surveillance and reconnaissance and counter-Unmanned Aerial System capabilities to increase situational awareness and layered defense options to combat forces.
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Terreno Realty Corporation (TRNO - Free Report) recently shelled out approximately $22.8 million for the purchase of an industrial property in San Leandro, CA. This acquisition comes as part of the company’s concerted efforts to capitalize on robust fundamentals of the industrial real estate sector through purchase of potential properties in core markets. Built on 7.3 acres of land, the property consists of three industrial distribution buildings containing 128,000 square feet of space.
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Terreno Realty Corporation (TRNO - Free Report) recently announced the company’s latest industrial property acquisition in Hayward, CA, as part of its efforts to boost the industrial portfolio. The property has been purchased for approximately $9 million. The single-building property consists of a 54,000-square-foot distribution center built on 3.4 acres. It is situated on the 30991 San Clemente Street.
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Prologis Inc. (PLD - Free Report) has reportedly purchased a Pepsi bottling plant in Rainier Valley for $65 million, according to King County property records. The property, spanning 10 acres, is situated near the Mount Baker light rail station.
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Industrial REIT Prologis, Inc. (PLD - Free Report) has finally completed the acquisition of DCT Industrial Trust Inc., in an $8.5-billion all-stock deal, including debt assumption. The company also raised its 2018 core funds from operations (FFO) per share outlook following the acquisition. Particularly, the move, which included conversion of each DCT common shares into 1.02 shares of Prologis common stock, is expected to be accretive to 2018 core FFO per share by 2 cents.
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Form 10-Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington,
The second-quarter reporting cycle is underway, and instead of focusing on big profits and huge surprises of companies that have already released their quarterly numbers, investing in the ones which are yet to report and poised to beat can fetch you more gains. This is because earnings beat serves as a catalyst, raises investors’ confidence in a stock and results in further price appreciation. Moreover, rather than fretting too much on rate hike concerns, focusing on REITs will be a smart move since prospects of a number of this special hybrid asset class are getting a boost with growth in economy and job market gains translating into greater demand for real estate and resulting in higher occupancy levels.
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Duke Realty Corp. (DRE - Free Report) is scheduled to report second-quarter 2018 results on Jul 25, after the market closes. The company’s results will likely reflect year-over-year growth in its funds from operations (FFO) per share and revenues.
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Fundamentals of underlying asset categories are likely to continue playing a pivotal role in determining REITs’ returns, and industrial REIT is one such sector which is poised to excel. This sector logged a gain of 5.65% in the first six months of 2018, per data from REIT.com, with enough room for decent gains for the upcoming days as well.
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2018-09-18 - Asif
Overview Rigel Pharmaceuticals is a biotechnology company dedicated to discovering, developing and providing novel small molecule drugs that significantly improve the lives of patients with immune and hematologic disorders, cancer and rare diseases. The company's pioneering research focuses on signaling pathways that are critical to disease mechanisms. The company's first FDA-approved product is TAVALISSE™ (fostamatinib disodium hexahydrate), an oral spleen tyrosine kinase (SYK) inhibitor, for the treatment of adult patients with chronic immune thrombocytopenia who have had an insufficient response to a previous treatment. The company's current clinical programs include Phase 2 studies of fostamatinib in autoimmune hemolytic anemia and IgA nephropathy, and a Phase 1 study for its IRAK program. In addition, Rigel Pharmaceuticals has product candidates in development with partners BerGenBio AS, Daiichi Sankyo, and Aclaris Therapeutics. Since inception, Rigel Pharmaceuticals h...
2018-09-18 - Asif
Overview The company design, develop and sell exoskeleton technology to augment human strength, endurance and mobility. The company's exoskeleton technology serves multiple markets and can be used both by able-bodied users as well as by persons with physical disabilities. Ekso Bionics has sold, rented or leased devices that (a) enable individuals with neurological conditions affecting gait (stroke and spinal cord injury) to rehabilitate and to walk again and (b) allow industrial workers to perform heavy duty work for extended periods. Today, its medical exoskeleton, Ekso GT, is used as a rehabilitation tool to allow physicians and therapists to rehabilitate patients who have suffered a stroke or spinal cord injury. With its unique features designed specifically for hospitals and its proprietary SmartAssist software, Ekso GT allows for the early mobilization of patients, with high step count and high dosage treatments. The intent is to allow the patient’s central nervous syst...
2018-09-18 - Asif
Overview Agile Therapeutics is a forward-thinking women’s healthcare company dedicated to fulfilling the unmet health needs of today’s women. Twirla® and its other current potential product candidates are designed to provide women with contraceptive options that offer greater convenience and facilitate compliance. The company's lead product candidate, Twirla, also known as AG200-15, is a once-weekly prescription contraceptive patch that is at the end of Phase 3 clinical development. Since its inception in 1997, Agile Therapeutics has devoted substantial resources to developing Twirla, building its intellectual property portfolio, business planning, raising capital and providing general and administrative support for these operations. The company incurred research and development expenses of $14.4 million, $20.9 million and $25.6 million during the years ended December 31, 2017, 2016 and 2015, respectively. The company incurred research and development expenses of $2.4 milli...
as of ET