Tuesday, June 24, 2014

Minnesota Company Stock Prices On Fire in the Most Recent Month

I found 62 Minnesota Headquartered Companies in Yahoo's or Google's superb Finance websites or from SEC filings with Total Market Capitalizations on May 14, 2014 of at least $100 mil and which also had their common stocks trading on each of the following three dates:
  • On December 31, 2007 during President Bush's second term
  • On March 6, 2009, very early in President Obama's first term, which was the lowest point for the US stock market due to the spillover effects resulting from the 2008 financial meltdown, and 
  • also on the most recent date June 23, 2014
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 62 Minnesota Companies had their average stock market prices decline by a huge 51% 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 in the slightly more than five years and three months since March 6, 2009, the equal-company-weighted average stock market prices of these same 62 Minnesota Companies have increased by a spectacular 500% through June 23, 2014, led by Select Comfort's stock market price increasing by a massive 99 times in the most recent slightly more than 5 years and three months.

Seven of these 62 Minnesota Companies..... Select Comfort, Polaris Industries, Clearfield, Arctic Cat, Famous Dave's of America, ValueVision Media, and Stratasys Ltd.... had their stock market prices increase by more than 10 times in the most recent slightly more than 5 years and three months.

The stock market prices of these Minnesota Companies were on fire in the most recent month.  To illustrate this point, the average stock market prices of these 62 Minnesota Companies had increased by a lower 464% in the five years and two months from March 6, 2009 through May 14, 2014, as compared with a substantially higher 500% increase in the slightly more than five years and three months from March 6, 2009 through June 23, 2014. 

To illustrate the overall excellent operational performance of these 62 Minnesota Companies, only 5 of them experienced stock market price declines in the most recent slightly more than five years and three months.

Minnesota citizens should be extremely pleased with the outstanding performance of nearly all of their Minnesota Companies during the Obama Administration. 

In similar fashion on the employment front, from the US Bureau of Labor Statistics, the US unemployment rate doubled from 5.0% in December 2007 to 10.0% in October 2009, early in President Obama's first term which was the very lowest point for the US Labor Market due to the lagging spillover effects resulting from the disastrous 2008 Financial Meltdown.

And then with the US economic stimulating actions of the Obama Administration, supported by both a Democratic controlled US Senate and US House (at the time), taking full effect, coupled with the Quantitative Easing by the US Fed, the US unemployment rate declined sharply from 10.0% in October 2009 to 6.3% in the most recently reported May 2014.

In like manner, Minnesota's unemployment rate increased sharply, going from 4.8% in December 2007 to 7.8% in October 2009.  And then with the US economic stimulating actions of the Obama Administration, supported by both a Democratic controlled US Senate and US House (at the time), going full throttle, coupled with the Quantitative Easing by the US Fed, the Minnesota State unemployment rate declined sharply, going from 7.8% in October 2009 to 4.6% in the most recently reported May 2014.

Below here are the stock market prices of each of these 62 Minnesota Companies on June 23, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:






Market Market






Price Price






% %






Change Change



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



Price Price Price to to
Minnesota Company HQs
6-23-14 3-6-09 12-31-07 6-23-14 3-6-09



$s $s $s

Select Comfort Minneapolis MN       19.92      0.20      7.01 9855% -97%
Polaris Industries Medina MN      130.05      7.59    23.89 1615% -68%
Clearfield Plymouth MN       18.97      1.12      1.01 1594% 11%
Arctic Cat Plymouth MN       38.55      2.43    11.94 1486% -80%
Famous Dave's of America Minnetonka MN       29.80      2.00    13.56 1390% -85%
ValueVision Media Eden Prairie MN         5.14      0.35      6.29 1369% -94%
Stratasys Ltd Eden Prairie MN      108.66      8.18    25.84 1228% -68%
Deluxe Corp Shoreview MN       57.16      6.47    32.89 783% -80%
Ameriprise Financial Minneapolis MN      119.38    14.20    55.11 741% -74%
Tennant Co Minneapolis MN       68.00      8.23    44.29 726% -81%
Northern Oil and Gas Wayzata MN       17.07      2.22      6.95 669% -68%
Winmark Minneapolis MN       66.75      9.02    21.00 640% -57%
Life Time Fitness Chanhassen MN       48.65      7.50    49.68 549% -85%
Toro Bloomington MN       63.94    10.57    27.22 505% -61%
BioScrip Minnetonka MN         8.21      1.48      7.73 455% -81%
Buffalo Wild Wings Minneapolis MN      166.25    30.05    23.22 453% 29%
Graco Minneapolis MN       76.49    14.48    37.26 428% -61%
US Bancorp Minneapolis MN       43.82      8.82    31.74 397% -72%
HB Fuller St Paul MN       50.73    10.29    22.45 393% -54%
Valspar Minneapolis MN       76.70    15.76    22.54 387% -30%
UnitedHealth Group Minnetonka MN       81.49    17.90    58.20 355% -69%
Pentair Ltd Minneapolis  MN        75.42    17.95    34.81 320% -48%
Vascular Solutions Minneapolis MN       21.26      5.40      6.50 294% -17%
Fastenal Winona MN       49.83    13.19    20.21 278% -35%
Donaldson Co Minneapolis MN       41.97    11.31    23.19 271% -51%
Datalink Eden Prairie MN         9.55      2.61      3.69 266% -29%
Cardiovascular Systems St Paul MN       30.95      8.51    31.00 264% -73%
Ecolab St Paul MN      108.32    29.90    51.21 262% -42%
Apogee Enterprises Minneapolis MN       31.05      8.89    17.11 249% -48%
3M St Paul MN      144.09    41.83    84.32 244% -50%
G&K Services Inc Minnetonka MN       51.47    15.77    37.52 226% -58%
Hormel Foods Austin MN       49.19    15.18    20.24 224% -25%
MTS Systems Eden Prairie MN       67.88    21.67    38.62 213% -44%
Hawkins Inc Roseville MN       37.29    12.95    15.00 188% -14%
Enventis Mankato MN       13.70      5.10      9.32 169% -45%
Piper Jaffray Minneapolis MN       50.67    19.30    46.32 163% -58%
Medtronic Minneapolis MN       64.14    24.92    50.27 157% -50%
Lakes Entertainment Minnetonka MN         4.73      1.90      6.62 149% -71%
Patterson St Paul MN       39.84    16.55    33.95 141% -51%
Christopher & Banks Plymouth MN         8.16      3.51    11.45 132% -69%
Target Minneapolis MN       58.42    25.65    50.00 128% -49%
St Jude Medical Saint Paul MN       69.24    32.37    40.64 114% -20%
General Mills Minneapolis MN       54.27    25.48    28.50 113% -11%
Techne Minneapolis MN       91.78    46.98    66.05 95% -29%
NVE Corp Eden Prairie MN       54.08    28.98    24.60 87% 18%
TCF Financial Wayzata MN       16.38      9.00    17.93 82% -50%
Polymet Mining Hoyt Lakes MN         1.11      0.65      3.24 71% -80%
OneBeacon Group Ltd Minnetonka MN       15.19      9.00    21.50 69% -58%
CH Robinson Worldwide Eden Prairie MN       63.81    38.06    54.12 68% -30%
Digi International Minnetonka MN         9.08      6.78    14.19 34% -52%
Mosaic Plymouth MN       50.79    39.16    94.34 30% -58%
SurModics Eden Prairie MN       21.48    16.87    54.27 27% -69%
Regis Corp Minneapolis MN       13.85    11.20    27.96 24% -60%
Two Harbors Investment Minnetonka MN       10.50      8.77      8.38 20% 5%
Qumu Corp Minneapolis MN       14.31    12.11    25.95 18% -53%
Capella Education Minneapolis MN       54.80    46.74    65.46 17% -29%
Best Buy Richfield MN       28.57    24.71    52.65 16% -53%
ANI Pharmaceutics Baudette MN       36.55    46.44    136.08 -21% -66%
Digital River Minnetonka MN       15.57    25.53    33.07 -39% -23%
SUPERVALU Eden Prairie MN         7.91    14.36    37.52 -45% -62%
Imation Oakdale MN         3.34      7.08    21.00 -53% -66%
EnteroMedics St Paul MN         1.78      7.80    48.30 -77% -84%








Average % Change all 62




500% -51%










49 Largest US REIT IPOs in 2009 Through 2013 Stock Prices Up 17% From IPO Closing Price

With the superb Initial Public Offering (IPO) data available from IPO Scoop, there were 49 US Real Estate Investment Trust (REIT) Company IPOs in the post financial meltdown five years of 2009 through 2013, where the Company has its common stock still trading now and it also has a Market Capitalization of more than $100 mil presently.

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.  The superb Yahoo Finance website was also utilized heavily.

There were 8 or 9 REIT IPOs in each of the four years 2009 through 2012.  Then in 2013, the number of REIT IPOs roughly doubled to 16.

These 49 REIT IPOs had an average stock price increase of 17% since their first day of IPO Closing Market Price through the most recent date June 23, 2014.  The 2010 and 2011 REIT IPOs have done the best with both experiencing average stock market price appreciation of 27%.

The REIT Office Sub-Sector had the highest average stock price appreciation of a very robust 52% for the 4 Office REITs, followed by the 5 Hotel/Motel REITs, the 4 Retail REITs and the 3 Industrial REITs all three of them experiencing an average stock market price increase of a very impressive 44%.

All 5 Mortgage Investment REITs experienced stock market price declines, which averaged a very steep 18%.  The 6 Residential REITs had an average stock market price increase of a very modest 2%.  

It should be pointed out that a US REIT must distribute at least 90% of its taxable income each year in order to avoid a substantial amount of US Federal income taxes at the REIT level.  Thus it only makes sense that the stock price appreciation of REITs in a very robust stock market will be significantly below that of the average common stock.

Below here are the stock market prices of each of these 49 REITs on both June 23, 2014 and on the close of the first day's IPO, with these IPOs broken down by year:






1st Day






IPO




6-23-14 Closing
IPO



Market Market %
Date Company HQs
REIT Industry Price Price Change





$ $

2009 REIT IPOs





12/9/09 Pebblebrook Hotel Trust  Bethesda MD Hotel/Motel 36.77 20.45 80%
6/2/09 Government Properties Income Trust  Newton MA Office 25.55 19.47 31%
8/11/09 Starwood Property Trust  Greenwich CT Diversified 24.19 20.00 21%
9/24/09 Colony Financial  Santa Monica CA Diversified 22.99 19.66 17%
7/30/09 PennyMac Investment Trust  Moorpark CA Residential 21.85 19.10 14%
6/26/09 Invesco Mortgage Capital Atlanta GA Mortgage Investment 17.74 19.42 -9%
9/24/09 Apollo Commerical Real Estate  New York NY Diversified 16.65 18.50 -10%
6/12/09 CYS Investments Waltham MA Mortgage Investment 8.83 11.55 -24%

Average % Change all 8 




15%









2010 REIT IPOs





9/23/10 CoreSite Realty  Denver CO Office 33.04 16.01 106%
1/22/10 Chesapeake Lodging Trust  Annapolis MD Hotel/Motel 30.24 19.00 59%
6/24/10 Hudson Pacific Properties  Los Angeles CA Office 25.70 17.40 48%
8/26/10 Whitestone REIT  Houston TX Diversified 14.80 11.50 29%
2/10/10 Piedmont Office Trust Realty  Johns Creek GA Office 18.88 15.60 21%
4/16/10 Chatham Lodging Trust  Palm Beach FL Hotel/Motel 22.72 20.50 11%
2/10/10 Terreno Realty  San Francisco CA Industrial 19.36 18.65 4%
4/23/10 Excel Trust  San Diego CA Diversified 13.22 13.30 -1%
10/14/10 Campus Crest Communities  Charlotte NC Diversified 8.67 12.51 -31%

Average % Change all 9 REITs




27%









2011 REIT IPOs





4/15/11 STAG Industrial  Boston MA Industrial 23.93 12.50 91%
1/13/11 American Assets Trust  San Diego CA Retail 34.52 21.25 62%
5/11/11 RLJ Lodging Trust  Bethesda MD Hotel/Motel 28.54 17.68 61%
8/4/11 American Capital Mortgage Investment  Bethesda MD Diversified 20.40 18.41 11%
2/9/11 Summit Hotel Properties  Sioux Falls SD Hotel/Motel 10.57 9.69 9%
6/30/11 AG Mortgage Investment Trust   New York NY Mortgage Investment 18.78 19.64 -4%
4/1/11 Preferred Apartment Communities  Atlanta GA Apartments 9.00 9.85 -9%
7/22/11 Apollo Residential Mortgage  New York NY Residential 16.98 18.65 -9%

Average % Change all 8 REITs




27%









2012 REIT IPOs





4/5/12 Retail Properties of America  Oak Brook IL Retail 15.43 8.75 76%
9/20/12 Spirit Realty Capital  Scottsdale AZ Diversified 11.46 7.87 46%
3/7/12 Select Income REIT  Newton MA Diversified 29.16 21.74 34%
7/27/12 AmREIT  Houston TX Retail 18.02 14.02 29%
12/14/12 Silver Bay Realty Trust  Minnetonka MN Residential 16.59 18.24 -9%
5/10/12 Western Asset Management Capital  Pasadena CA Mortgage Investment 15.01 18.80 -20%
4/26/12 Ares Commercial Real Estate  Chicago IL Diversified 12.77 18.00 -29%
10/3/12 JAVELIN Mortgage Investment  Vero Beach FL Mortgage Investment 13.56 19.60 -31%

Average % Change all 8 REITs




12%









2013 REIT IPOs





10/9/13 QTS Realty Trust    Overland Park KS Industrial 28.42 21.00 35%
8/1/13 American Homes 4 Rent   Malibu CA Residential 17.88 13.50 32%
3/21/13 Aviv REIT Chicago IL Diversified 28.99 22.55 29%
10/2/13 Empire State Realty Trust  New York NY Diversified 16.77 13.10 28%
4/18/13 Hannon Armstrong Sustainable Infrastructure Capital   Annapolis MD Diversified 14.40 11.40 26%
7/19/13 Physicians Realty Trust  Milwaukee WI Healthcare Facilities 14.20 11.67 22%
1/18/13 CyrusOne  Carrollton TX Diversified 24.65 21.20 16%
10/30/13 Brixmor Property Group  New York NY Retail 22.32 20.40 9%
10/3/13 Cherry Hill Mortgage Investment  Moorestown NJ Residential 19.98 18.48 8%
7/19/13 Rexford Industrial Realty  Los Angeles CA Diversified 14.30 14.04 2%
12/12/13 CatchMark Timber Trust   Norcross GA Timber 13.34 13.50 -1%
5/9/13 American Residential Properties   Scottsdale AZ Diversified 19.07 21.00 -9%
5/1/13 Ellington Residential Mortgage REIT    Old Greenwich CT Diversified 17.24 19.21 -10%
5/8/13 Armada Hoffler Properties    Virginia Beach VA Diversified 9.75 11.50 -15%
2/8/13 ZAIS Financial  Red Bank NJ Diversified 16.64 19.95 -17%
3/22/13 Five Oaks Investment  New York NY Residential 11.31 14.50 -22%

Average % Change all 16 REITs




8%









Average % Change all 49 REITs




17%

And below here are these 49 REIT IPOs of 2009 through 2013 sorted by REIT SubSector:




1st Day




IPO


6-23-14 Closing
IPO

Market Market %
Date Company REIT Industry Price Price Change



$ $
8/11/09 Starwood Property Trust  Diversified 24.19 20.00 21%
9/24/09 Colony Financial  Diversified 22.99 19.66 17%
9/24/09 Apollo Commerical Real Estate  Diversified 16.65 18.50 -10%
8/26/10 Whitestone REIT  Diversified 14.80 11.50 29%
4/23/10 Excel Trust  Diversified 13.22 13.30 -1%
10/14/10 Campus Crest Communities  Diversified 8.67 12.51 -31%
8/4/11 American Capital Mortgage Investment  Diversified 20.40 18.41 11%
9/20/12 Spirit Realty Capital  Diversified 11.46 7.87 46%
3/7/12 Select Income REIT  Diversified 29.16 21.74 34%
4/26/12 Ares Commercial Real Estate  Diversified 12.77 18.00 -29%
3/21/13 Aviv REIT Diversified 28.99 22.55 29%
10/2/13 Empire State Realty Trust  Diversified 16.77 13.10 28%
4/18/13 Hannon Armstrong Sustainable Infrastructure Capital   Diversified 14.40 11.40 26%
1/18/13 CyrusOne  Diversified 24.65 21.20 16%
7/19/13 Rexford Industrial Realty  Diversified 14.30 14.04 2%
5/9/13 American Residential Properties   Diversified 19.07 21.00 -9%
5/1/13 Ellington Residential Mortgage REIT    Diversified 17.24 19.21 -10%
5/8/13 Armada Hoffler Properties    Diversified 9.75 11.50 -15%
2/8/13 ZAIS Financial  Diversified 16.64 19.95 -17%







Average % Change all 19 Diversified REITs


7%






12/9/09 Pebblebrook Hotel Trust  Hotel/Motel 36.77 20.45 80%
1/22/10 Chesapeake Lodging Trust  Hotel/Motel 30.24 19.00 59%
4/16/10 Chatham Lodging Trust  Hotel/Motel 22.72 20.50 11%
5/11/11 RLJ Lodging Trust  Hotel/Motel 28.54 17.68 61%
2/9/11 Summit Hotel Properties  Hotel/Motel 10.57 9.69 9%







Average % Change all 5 Hotel/Motel REITs


44%






2/10/10 Terreno Realty  Industrial 19.36 18.65 4%
4/15/11 STAG Industrial  Industrial 23.93 12.50 91%
10/9/13 QTS Realty Trust    Industrial 28.42 21.00 35%







Average % Change all 3 Industrial REITs


44%






6/30/11 AG Mortgage Investment Trust   Mortgage Investment 18.78 19.64 -4%
5/10/12 Western Asset Management Capital  Mortgage Investment 15.01 18.80 -20%
10/3/12 JAVELIN Mortgage Investment  Mortgage Investment 13.56 19.60 -31%
6/26/09 Invesco Mortgage Capital Mortgage Investment 17.74 19.42 -9%
6/12/09 CYS Investments Mortgage Investment 8.83 11.55 -24%







Average % Change all 5 Mortgage Investment REITs

-18%






6/2/09 Government Properties Income Trust  Office 25.55 19.47 31%
9/23/10 CoreSite Realty  Office 33.04 16.01 106%
6/24/10 Hudson Pacific Properties  Office 25.70 17.40 48%
2/10/10 Piedmont Office Trust Realty  Office 18.88 15.60 21%







Average % Change all 4 Office REITs


52%






7/30/09 PennyMac Investment Trust  Residential 21.85 19.10 14%
7/22/11 Apollo Residential Mortgage  Residential 16.98 18.65 -9%
12/14/12 Silver Bay Realty Trust  Residential 16.59 18.24 -9%
8/1/13 American Homes 4 Rent   Residential 17.88 13.50 32%
10/3/13 Cherry Hill Mortgage Investment  Residential 19.98 18.48 8%
3/22/13 Five Oaks Investment  Residential 11.31 14.50 -22%







Average % Change all 6 Residential REITs


2%






1/13/11 American Assets Trust  Retail 34.52 21.25 62%
4/5/12 Retail Properties of America  Retail 15.43 8.75 76%
7/27/12 AmREIT  Retail 18.02 14.02 29%
10/30/13 Brixmor Property Group  Retail 22.32 20.40 9%







Average % Change all 4 Retail REITs


44%






7/19/13 Physicians Realty Trust  Healthcare Facilities 14.20 11.67 22%
12/12/13 CatchMark Timber Trust   Timber 13.34 13.50 -1%
4/1/11 Preferred Apartment Communities  Apartments 9.00 9.85 -9%







Average % Change all 49 REITs


17%