- American City Business Journals•2 days ago
The federal government's decision last year to ink one of the largest government leases in D.C. history has led to one of the largest investment sales this year. StonebridgeCarras and Walton Street Capitol have sold the third and fourth installments of their Constitution Square development in NoMa for $421.8 million to a partnership of MetLife and Norway's Norges Bank. The sale, which works out to about $500 per square foot, comes nearly a year after the Justice Department signed an 839,000-square-foot lease for all of Three Constitution Square and the as-yet-unbuilt Four Constitution Square.
- Barrons.com•2 days ago
Like other insurance stocks, Prudential Financial's (PRU) valuation remains tied closely to interest rates. Rising rates are good for Prudential and other large insurers because they tend to invest the premiums paid by individuals and businesses in high-quality corporate bonds as a way of generating income until claims come due. Thus, the big fear facing insurers has been that weak global economic growth would hobble prospects for a 2017 interest rate hike and keep pressure on the industry’s investment income.
MetLife, Inc. (MET)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||44.47 x 500|
|Ask||44.61 x 200|
|Day's Range||44.38 - 44.83|
|52wk Range||35.00 - 52.45|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||11.70|
|Avg Vol (3m)||7,989,730|
|Dividend & Yield||1.60 (3.59%)|