Top Financial Stocks
Financial stocks are closing lower today with the NYSE Financial
Sector Index declining 1.1% and the S&P Financial 100 Index
In company news, Highwoods Properties (
) is ending slightly lower today with shares of the real estate
investment trust falling 0.7% to $33.19 each and the company
announcing a deal to acquire the 57% interest stale in two Atlanta
office buildings previously owned by its partner in the joint
venture for $45.4 million.
The buildings are the Glenlake North and South Towers, two
10-story office buildings with structured parking. The properties
are valued at a combined $80.6 million and are 82% leased,
projected to generate FY13 cash and GAAP net operating income of
$5.1 million and $6 million, respectively. HIW said about $200,000
of the acquisition costs will be expensed in Q3.
The company today also said it is selling Anchor Plaza, a
2-story, 98,000-square-foot office building in Tampa for $11.6
million, recording a non-funds from operations gain of $1.2
In other sector news,
(+) ICE, Together with CME Group (
), reportedly considering taking part in a new trade body now
taking shape to resolve issues over new derivatives data warehouses
mandated by global regulations, according to the Financial
(-) AFL, Hires Daniel Lebish to be Chief Operating Officer of
its AFLAC Group Insurance unit. He most recently was an executive
vice president at Highmark Blue Cross-Blue Shield.
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