First Industrial Realty Trust(FR Quote) advanced after the Chicago-based REIT said it expected double-digit growth in funds from operations next year. The company says it expects FFO, an important measurement of cash generated by a REIT, to average between $4.40 to $4.60 a share. First Industrial was trading up $1.16, or 2.6%, to $46.08.
Innkeepers USA Trust(KPA Quote) gained after the Palm Beach, Fla.-based REIT said it had completed the acquisition of four hotels in Southern California. The REIT paid $215 million to an affiliate of RLJ Development for the hotels. Shares were trading up 39 cents, or 2.4%, to $16.92.
Investment Technology Group(ITG Quote), an institutional electronic trading platform, rose following an analyst upgraded the stock. Raymond James analyst Michael Vinciquerra upgraded the stock to strong buy from outperform. Shares rose $3.43, or 7.6%, $48.36. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet