Calloway Real Estate Investment Trust (TSX CWT.UN) Added: May 24, 2011
Calloway is an unincorporated open-ended mutual fund trust governed by the laws
of the Province of Alberta.
Calloway aims to be the landlord of choice for retailers. By
selecting convenient locations close to consumers and leasing to strong tenants
in well designed centres, Calloway will maximize returns to Unitholders, and
retailers will prosper.
Calloway's objectives are to provide Unitholders with stable and
growing tax-deferred cash distributions through the acquisition, development and
operation of a portfolio of well located, primarily large format unenclosed
retail centres and to enhance the value of Calloway's assets and unit value
through effective management, leasing and redevelopment of its assets, and also,
through effective control of long-term cost of capital and operating costs.
The focus is on value-oriented retailers and includes the strongest
national and regional names, as well as strong neighbourhood merchants.
Wal-Mart will continue to be the dominant anchor tenant in the portfolio, and we
expect their presence will continue to attract other retailers and consumers.
Calloway's vision is to provide a value-oriented shopping experience to Canadian
consumers..
Recent News: Simon Property Group and Calloway REIT Announce Premium Outlets(R) Coming to Canada
Calloway Real Estate Investment Trust Releases First Quarter Results
Brad Cutsey ....... Dundee Securities…May 24, 2011
Maintained NEUTRAL
Target raised to $26.50 from $25.75
CWT.UN Price day before: $25.88 Finish day of posting:$25.65Current:$25.88
------Mar 01, 2011-----
Downgraded to NEUTRAL from BUY
Target raised to $25.75 from $25.00 (Target Hit Mar 30, 2011)
CWT.UN Price day before: $24.79 Finish day of posting:$24.77Current:$25.88
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Jimmy Shan ....... National Bank Financial…May 20, 2011
Maintained OUTPERFORM
Target raised to $27.00 from $26.00
CWT.UN Price day before: $25.85 Finish day of posting:$25.88Current:$25.88
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Neil Downey ....... RBC Capital Markets…….May 20, 2011
Maintained OUTPERFORM
Target raised to $27.50 from $25.75
CWT.UN Price day before: $25.85 Finish day of posting:$25.88Current:$25.88
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Sam Damiani ....... TD Newcrest…May 20, 2011
Maintained HOLD
Target raised to $26.00 from $25.00
CWT.UN Price day before: $25.85 Finish day of posting:$25.88Current:$25.88
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Mark Rothschild…May 20, 2011
Target raised to $27.45 from $26.10
CWT.UN Price day before: $25.85 Finish day of posting:$25.88Current:$25.88
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Jeff Roberts ....... Desjardins Securities…Feb 28, 2011
Maintained BUY
Target raised to $26.75 from $26.50
CWT.UN Price day before: $24.28 Finish day of posting:$24.79Current:$25.88
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Pammi Bir ....... Scotia Capital…Feb 28, 2011
Target raised to $25.50 from $25.00 (Target Hit Mar 29, 2011)
CWT.UN Price day before: $24.28 Finish day of posting:$24.79Current:$25.88
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Calloway Real Estate Investment Trust
Short Positions (TSX)
Date Outstanding Price Range
May 01 to 15, 2011 216,800 $25.65 to $25.00
Apr 16 to 29, 2011 203,491 $25.25 to $24.76