Masimo (MASI) (DIOD) (HME) (URS) (ESS) (DISH) Price Target Changed

Masimo Corporation (NASDAQ: MASI), Diodes (NASDAQ: DIOD), Home Properties (NYSE: HME), URS Co. (NYSE: URS), Essex Property Trust Inc. (NYSE: ESS) and DISH (NASDAQ: DISH) price targets adjusted by analysts.

Masimo Corporation (MASI) had its price target lowered by Brean Murray from $33.00 to $29.00. They have a “Buy” rating on the company.

Diodes (DIOD) had its price target lowered by UBS AG (NYSE:UBS) from $27.00 to $22.00. They have a “Neutral” rating on the company.

Home Properties (HME) had its price target raised by FBR Capital from $67.00 to $71.00. They have an “Outperform” rating on the company.

URS Co. (URS) had its price target lowered by UBS AG to $38.00. They have a “Neutral” rating on the company.

Essex Property Trust Inc. (ESS) had its price target raised by FBR Capital from $138.00 to $145.00. They have a “Market Perform” rating on the company.

DISH (DISH) had its price target lowered by Brean Murray from $38.00 to $35.00. They have a “Buy” rating on the company.

Coverage on (HME) (JBHT) (LVS) (FICO) (GNC) Initiated

Coverage on shares Home Properties (NYSE: HME), J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), Las Vegas Sands Corp. (NYSE: LVS), FICO (NASDAQ: FICO) and GNC Corp. (NYSE: GNC) was initiated by analysts.

Wunderlich initiated coverage on Home Properties (HME). They placed a “buy” rating and a price target of $75.00 on the company.

Sanford C. Bernstein initiated coverage on J.B. Hunt Transport Services, Inc. (JBHT). They placed an “outperform” rating and a price target of $58.00 on the company.

Nomura initiated coverage on Las Vegas Sands Corp. (LVS). They placed a “buy” rating and a price target of $53.00 on the company.

Sidoti initiated coverage on FICO (FICO). They placed a “buy” rating on the company.

JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on GNC Corp. (GNC). They placed an “overweight” rating on the company.

Biggest Losers (JLL) (VTR) (HME) (IPCC) (ARAY) on May 6

Among the big, negative movers on Friday, May 6, were Jones Lang Lasalle (JLL), Ventas (VTR), Home Properties (HME), Infinity Property (IPCC) and Accuray Incorporated (ARAY).

Jones Lang Lasalle (JLL) was down $0.94, to close at $98.69, a loss of 0.94 percent.

Ventas (VTR) fell $0.94 on the day to close at $54.54, a loss of 1.69 percent.

Home Properties (HME) dropped $0.94 to close at $61.14, a loss of 1.51 percent.

Infinity Property (IPCC) declined $0.92 to close the session at $53.47, a loss of 1.69 percent.

Accuray Incorporated (ARAY) plunged $0.92 to end the day at $7.98, a loss of 10.34 percent.

Dividends from (FRT) (GRT) (HAYN) (HME) (HTGC) Declared

Federal Rlty Inv Trust (NYSE:FRT), Glimcher Realty Trust (NYSE:GRT), Haynes Intl Inc(NASDAQ:HAYN), Home Properties (NYSE:HME) and Hercules Technology (NASDAQ:HTGC) declare dividends.

The Board of Directors of Federal Rlty Inv Trust (FRT) declared a quarterly common stock dividend of $0.67 a share payable 7/15/11 to shareholders of record at the close of business on 6/23/11.

The Board of Directors of Glimcher Realty Trust (RT) declared a cash dividend of $0.10 a share on the company's common stock payable on 7/15/11 to Stockholders of record on 6/30/11.

The Board of Directors of Haynes Intl Inc (HAYN) declared a regular cash dividend of $0.20 a common share. The dividend will be payable on 6/15/11 to common stockholders of record at the close of business on 6/1/11.

The Board of Directors of Home Properties (HME) declared a regular cash dividend of $0.62 per common share. The dividend will be payable on 5/27/11 to common stockholders of record at the close of business on 5/17/11.

The Board of Directors of Hercules Technology Growth Capital (HTGC) declared a regular cash dividend of $0.22 per common share. The dividend will be payable on 6/23/11 to common stockholders of record at the close of business on 5/13/11.

Associated Estates (NYSE:AEC) Avalonbay (NYSE:AVB), Essex Property (NYSE:ESS), Home Properties (NYSE:HME), Sovran (NYSE:SSS), U-Store-It Trust (NYSE:YSI) Top FBR Picks in Sector

Commenting on commercial real estate, FBR Capital give its top picks and those they believe will lag going into 2011, their top picks include Associated Estates Realty (NYSE:AEC) Avalonbay Communities (NYSE:AVB), Essex Property Trust (NYSE:ESS), Home Properties (NYSE:HME), Sovran Self Storage (NYSE:SSS), and U-Store-It Trust (NYSE:YSI).

FBR gave its reasoning, saying, "Commercial real estate looks to start 2011 in a curious place: pricing is robust in both private and public markets, investor appetite for yield continues unabated, and the cost to do business is at historic lows; just below the surface, however, fundamental recovery is ephemeral, at best - tainting outward market exuberance with an undercurrent of worry. As we start the year, we maintain positive views of most segments within our coverage universe. We believe that once again the single biggest risk lies within the credit markets, as an unsustainably low rate environment props prices, earnings, and hopes. That said, we continue to underwrite a low rate environment in the near term, given the stubbornness of the current economic malaise and reactionary monetary policy. We expect investors will continue to look a blind eye at this risk given the hunger for yield, which is especially beneficial to the finance and mortgage names."

"In this context, our top picks are generally focused on earnings growth, attractive (safe, in our view) yield, and pockets of fundamental recovery. We expect most of the group to remain in an expansionary period. Cap rate compression is likely to continue at the “B/C” asset quality level, while the “A” quality assets more or less stabilize. Along these lines, signs of further market bifurcation are likely in some sectors. We expect fundamental improvement to continue overall, with outright inflection in the short lease arena (lodging, storage, apartments), while longer lease recovery lags (office, industrial, retail)."

"Apartment and self storage. We maintain a positive view of the trajectory of multifamily and self storage fundamentals; however, we do remain cautious on the basis of valuations, given pricing today that is being propped by government-sponsored financing and aggressive core revenue performance expectations. We expect the short-lease REITs to remain in an expansionary period so long as access to low-cost capital remains, while operations continue to improve steadily. Overall, we expect aggregate returns for the multifamily stocks to be in line with the RMZ (+11% for the year). Our top picks within the sector include Associated Estates Realty,Avalonbay Communities, Essex Property Trust, Home Properties, Sovran Self Storage, and U-Store-It Trust; we expect Camden Property Trust (NYSE:CPT), Equity Residential (NYSE:EQR), Mid-America Apartment Communities (NYSE:MAA), and Public Storage (NYSE:PSA) to lag."

Associated Estates closed Monday at $15.22, down $0.15, or 0.98 percent. Avalonbay closed at $112.17, down $0.95, or 0.84 percent. Essex Property ended the day at $113.20, up $0.47, or 0.42 percent. Home Properties was at $54.77, up $0.07, or 0.13 percent.
U-Store-It Trust closed at $9, up $0.21, or 2.39 percent.