We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
JLL Acquires Chicago Affiliate of Integra Realty Resources
Read MoreHide Full Article
Jones Lang LaSalle Incorporated (JLL - Free Report) , popularly known as JLL has made the announcement of acquiring the Chicago affiliate of Integra Realty Resources (“IRR”). This strategic acquisition of the commercial real estate valuation, counseling and advisory firm is likely to strengthen JLL’s global valuation and advisory services.
Chicago-based JLL is a leading full-service real estate firm that provides corporate, financial and investment management services to corporations and other real estate owners, users, and investors worldwide. On the other hand, experts of the Chicago affiliate of IRR are engaged in providing consulting, valuation, feasibility and market study services for industrial, commercial office, hospitality, retail, and multifamily properties.
It is to be noted that the real estate operations company acquired the Houston affiliate of IRR in October and Dallas affiliate of IRR in early December. The latest acquisition completes the third significant and strategic acquisition JLL has made over the last several months. Given IRR-Chicago’s proven record in valuations and real estate data and technology strategies, it is expected that the acquisition will enable JLL to provide excellent service to the clients.
Shares of JLL underperformed the Zacks categorized Real Estate-Operations industry, year to date. During the same time , shares of JLL plunged 36.8%, whereas the industry made a loss of only 0.4%. Further, over the past one month, current year estimates of the company declined 2.2% to $8.33 per share.
JLL currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the real estate space include AGNC Investment Corp. (AGNC - Free Report) , Seritage Growth Properties (SRG - Free Report) and DCT Industrial Trust Inc. . While AGNC Investment sports a Zacks Rank #1 (Strong Buy), both Seritage Growth and DCT Industrial Trust carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AGNC Investment’s current-year estimates have moved up 7.3% to $2.36 per share, over the past 60 days.
Seritage Growths’ current-year estimates have moved up 0.9% to $2.34 per share, over the past 60 days.
DCT Industrial Trust’s current-year estimates have moved up 2.3%, over the past 60 days to $2.24 per share.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
JLL Acquires Chicago Affiliate of Integra Realty Resources
Jones Lang LaSalle Incorporated (JLL - Free Report) , popularly known as JLL has made the announcement of acquiring the Chicago affiliate of Integra Realty Resources (“IRR”). This strategic acquisition of the commercial real estate valuation, counseling and advisory firm is likely to strengthen JLL’s global valuation and advisory services.
Chicago-based JLL is a leading full-service real estate firm that provides corporate, financial and investment management services to corporations and other real estate owners, users, and investors worldwide. On the other hand, experts of the Chicago affiliate of IRR are engaged in providing consulting, valuation, feasibility and market study services for industrial, commercial office, hospitality, retail, and multifamily properties.
It is to be noted that the real estate operations company acquired the Houston affiliate of IRR in October and Dallas affiliate of IRR in early December. The latest acquisition completes the third significant and strategic acquisition JLL has made over the last several months. Given IRR-Chicago’s proven record in valuations and real estate data and technology strategies, it is expected that the acquisition will enable JLL to provide excellent service to the clients.
Shares of JLL underperformed the Zacks categorized Real Estate-Operations industry, year to date. During the same time , shares of JLL plunged 36.8%, whereas the industry made a loss of only 0.4%. Further, over the past one month, current year estimates of the company declined 2.2% to $8.33 per share.
JLL currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the real estate space include AGNC Investment Corp. (AGNC - Free Report) , Seritage Growth Properties (SRG - Free Report) and DCT Industrial Trust Inc. . While AGNC Investment sports a Zacks Rank #1 (Strong Buy), both Seritage Growth and DCT Industrial Trust carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AGNC Investment’s current-year estimates have moved up 7.3% to $2.36 per share, over the past 60 days.
Seritage Growths’ current-year estimates have moved up 0.9% to $2.34 per share, over the past 60 days.
DCT Industrial Trust’s current-year estimates have moved up 2.3%, over the past 60 days to $2.24 per share.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>