|Bid||20.23 x 200|
|Ask||20.24 x 300|
|Day's Range||20.18 - 20.28|
|52 Week Range||19.24 - 26.30|
|PE Ratio (TTM)||26.03|
|Forward Dividend & Yield||0.72 (3.55%)|
|1y Target Est||26.00|
CLEVELAND, April 18, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (FCE-A) today announced that the company has received the Urban Land Institute (ULI) New York's Award for Excellence in Office Development for the Tata Innovation Center at Cornell Tech, located on Roosevelt Island in New York City.
CLEVELAND, April 16, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (FCE-A) ("Forest City" or the "Company") today announced that its Board of Directors has appointed Michelle Felman, Jerome J. Lande, Adam S. Metz, Gavin Molinelli, Marran H. Ogilvie, Mark S. Ordan, William R. "Butch" Roberts and Robert A. Schriesheim as new independent directors. All of the appointments are effective as of today, April 16, 2018.
CLEVELAND , April 4, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced that the company has received the 2018 ENERGY STAR Partner of the Year Award for outstanding efforts ...
The sale of the two lifestyle centers mark the fifth and sixth mall divestitures, respectively, to close as part of Forest City's previously announced 10-mall portfolio transaction with QIC. The remaining four malls in the portfolio are expected to be transferred to QIC under a fixed-price option and to close as Forest City secures replacement assets or other opportunities into which it will redeploy its ownership stake in those malls.
CLEVELAND, March 28, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (FCE-A) today announced that it has completed the sale of 461 Dean Street, a 363-unit apartment community in Brooklyn, New York, to an international real estate manager. The selling price was $156 million, reflecting a cap rate of approximately 4.5 percent on estimated 2018 net operating income. "We're pleased with this transaction, which achieved attractive pricing for this recently stabilized asset, and enables the company to generate significant liquidity to further our deleveraging efforts and other strategic uses," said David J. LaRue, Forest City president and chief executive officer. The asset was 100% owned by Forest City and was not part of the joint venture with Greenland USA that is continuing the development of the Pacific Park Brooklyn mixed-use project.
The Cleveland-based developer, parent of Forest City Washington, was being driven to do something to drive up shareholder value. But negotiations with a potential buyer did not end with a deal.
NEW YORK , March 23, 2018 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), which currently owns approximately 3.0% of the outstanding shares of Forest City Realty ...
Forest City Realty Trust Inc will not sell itself after completing a strategic review, and has agreed with three activist investors to have nine directors resign and largely be replaced by independent nominees, it said on Thursday. Investors Starboard Value and Scopia Capital Management will each appoint one director, while RMS, Ltd will nominate two, Forest City said in a statement. During the strategic review, which began in September, Forest City reached out to more than 50 potential acquirers and entered into exclusive talks with a large financial institution, but the talks broke down over price and closing conditions, the company said.
CLEVELAND, March 22, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (FCE-A) ("Forest City" or the "Company") announced today that its Board of Directors concluded its previously announced review of strategic alternatives. After extensive evaluation and deliberation, including review and analysis of multiple offers, the Board has determined that stockholder value would be better enhanced on a standalone basis than by pursuing a transaction on the terms and pricing indicated by the offers received.
CLEVELAND , March 21, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) ("Forest City" or the "Company") today issued the following statement: The Board of Directors ...
As the Board of Directors' previously announced process to review operating, strategic, financial and structural options to enhance stockholder value remains ongoing, the Board has extended the window by which the Company must receive proper written advance notice of the nomination of a director candidate at its 2018 Annual Meeting of Stockholders. The date and location of the 2018 Annual Meeting of Stockholders has yet to be announced. The Company does not intend to comment further on the progress or status of the review process unless the Company determines that further disclosure is appropriate or required by law.
Forest City Realty Trust, Inc. is an NYSE-listed national real estate company with $8.1 billion in consolidated assets. The company is principally engaged in the ownership, development, management and acquisition of office, apartment and retail real estate throughout the United States. Statements made in this news release that state the company's or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements.
The sale is the fourth mall divestiture for Forest City to close as part of a previously announced 10-mall portfolio transaction with QIC. "This closing furthers the mutually beneficial portfolio-level transaction with our partner, QIC," said David J. LaRue, Forest City president and chief executive officer.
Starboard Value, run by Jeffrey Smith, is one of the most famous activist hedge funds and is well known to the investment community. The fund registered a resounding success in its activist efforts with Darden Restaurants, Inc. (NYSE:DRI), having managed a complete overhaul of the company’s board of directors. It has also led the efforts […]
NEW YORK, NY / ACCESSWIRE / February 9, 2018 / Forest City Realty Trust Inc Class A (NYSE: FCE.A ) will be discussing their earnings results in their Q4 Earnings Call to be held on February 9, 2018 at ...
The real estate investment trust, based in Cleveland, said it had funds from operations of $115 million, or 42 cents per share, in the period. Funds from operations is a closely watched measure in the ...
CLEVELAND , Feb. 8, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc., (NYSE: FCEA) has released its fourth-quarter and year-end 2017 financial results and will hold a conference call tomorrow, Friday, ...
- 2017 net earnings: $206.0 million ( $0.78 per share) vs. loss of 158.4 million ( $0.61 per share) 2016 - 2017 FFO: $422.1 million ( $1.58 per share) vs. $241.7 million ( $0.92 per share) 2016 - 2017 ...
NEW YORK, Jan. 26, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Lands' ...
CLEVELAND , Jan. 24, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc., (NYSE: FCEA) today announced the tax treatment of the company's 2017 dividends. The income allocations as they will be reported ...
CLEVELAND , Jan. 23, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc., (NYSE: FCEA) will release its fourth-quarter and year-end 2017 financial results on Thursday, February 8, 2018 , after the NYSE ...