Friday, January 31, 2014

11 Largest US Property Management Companies Average Stock Prices Down 65% Due to Financial Meltdown Spillover Effects, Then Up 531% Under Obama and the US Fed

I found 11 US  Property Management Companies classified in the Financial Sector at Yahoo's superb Finance website with current Total Market Capitalizations of at least $100 mil each and which also had their common stocks trading on each of the following three dates: (1) on December 31, 2007 during President Bush's second term (2) on March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and also (3) on January 30, 2014.
   
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 11 US  Property Management Companies had their average stock prices drop by a massive 65% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But since March 6, 2009, the average stock prices of these same 11 US  Property Management Companies have increased by a very impressive 531% through January 30, 2014, led by Pittsburgh-based HFF's stock price advancing by 23 times.  The lowest increase of the 11 was a very healthy 83%.
  
Clearly, the investors in and employees of these 11 US  Property Management Companies must be very pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state caused by the 2008 US financial meltdown.

Below here are the market prices of each of these 11 US  Property Management Companies on January 30, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 30, 2014: 






Market Market






Price Price






% %






Change Change



 Market   Market   Market  3-6-09 12-31-07



 Price   Price   Price  to to
Property Management Companies HQs
 1-30-14   3-6-09   12-31-07  1-30-14 3-6-09








HFF Inc Pittsburgh PA      29.51        1.23        7.74 2299% -84%
CBRE Group Los Angeles CA      26.72        2.52      21.55 960% -88%
Jones Lang LaSalle Chicago IL     114.35      16.99      71.16 573% -76%
CoStar Group Washington DC     169.09      25.32      47.25 568% -46%
DuPont Fabros Technology Washington DC      25.38        5.34      19.60 375% -73%
Forest City Enterprises Cleveland OH      17.85        4.02      44.44 344% -91%
Acadia Realty Trust White Plains NY      25.01        8.90      25.61 181% -65%
Agree Realty  Farmington Hills MI      28.67      10.50      30.10 173% -65%
Kennedy-Wilson Holdings Beverly Hills CA      24.20        9.44        9.10 156% 4%
HomeFed Corp Carlsbad CA      36.60      16.00      62.00 129% -74%
Tejon Ranch Lebec CA      35.19      19.27      40.08 83% -52%








Average % Change all 11




531% -65%