Alliant Energy Corp. (NYSE:LNT), Lorillard Inc. (NYSE:LO), LSB Industries Inc. (NYSE:LXU), Mid-America Apartment (NYSE:MMA) and Microchip Technology (NASDAQ:MCHP) all breached all-time highs on Friday, May 6.
Idacorp (IDA) closed at $39.20, gaining $0.29, or 0.75 percent. They traded as high as $39.68 on the day.
Kraft Foods Inc. (KFT) closed Friday at $34.08, rising $0.69, or 2.07 percent. They traded as high as $34.49 on the day.
Kimberly-Clark Corp. (KMB) closed Friday at $66.88, climbing $0.05, or 0.07 percent. They traded as high as $67.37 on the day.
Liberty Global (LBTYA) closed at $45.90, up $0.20, or 0.44 percent. They traded as high as $51.93 on the day.
Liberty Media Corp. (LCAPA) closed at $86.96, gaining $2.35, or 2.78 percent. They traded as high as $87.76 on the day.
Monday, May 9, 2011
All-Time Highs for (LNT) (LO) (LXU) (MAA) (MCHP) Reached May 6
Monday, December 13, 2010
Colonial Properties (NYSE:CLP), Mid-America Apartment Communities (NYSE:MAA), Camden Property (NYSE:CPT) FBR's Top REIT Picks
Taking into account the regional outlook for REITs in 2011, FBR said their favorite picks in the group are Colonial Properties (NYSE:CLP), Mid-America Apartment Communities (NYSE:MAA) and Camden Property (NYSE:CPT).
On the other hand, the weakest outlooks in the group are Equity Residential (NYSE:EQR), AvalonBay Communities (NYSE:AVB), and Associated Estates (NYSE:AEC).
FBR said, "In our MSA Monitor screen, we utilize 3Q10 REIT data and current one-, two- and three-year forward forecasts from a variety of data providers, coupled with our proprietary model, and conclude that Colonial Properties Trust (Market Perform), Mid-America Apartment Communities (Underperform), and Camden Property Trust (Underperform) could have the strongest 12-month-forward regional outlooks. Equity Residential (Underperform), AvalonBay Communities (Outperform), and Associated Estates (Outperform) could have the weakest.
"Following the climb by HME were move-ups for CPT and MAA, unsurprising given the high Texas/Sunbelt exposure. Stocks that declined in the current ranking were ESS and AVB, both falling two spots, followed by single-spot drops by AIV, AEC, and UDR. Remaining unchanged were CLP and EQR."
Colonial Properties closed Friday at $17.96, up $0.39, or 2.22 percent. Mid-America was at $62.87, up $0.99, or 1.60 percent. Camden ended at $52.36, up $0.98, or 1.91 percent.
Equity Residential ended the week at $51.56, up Friday by $0.36, or 0.70 percent. Avalonbay closed at $113.12, up $2.64, or 2.39 percent. Associated Estates closed at $15.37, up $0.09, or 0.59 percent.