Associated Estates Realty Corp.

According to Benchmark, Associated Estates Realty (NYSE: AEC) 2012 estimates are up. Benchmark reported that it recently had the opportunity to spend time on the road with AEC senior management. “The main take-aways include: possible stagflation protection of AEC portfolio; rents surprising to the...

Citi is out with its report on Associated Estates Realty Corp. (NYSE: AEC), maintaining Hold and a $15 PT. In a note to clients, Citi writes, "Lower than expected operating expenses drove AEC's 2c beat in 4Q, but corporate G&A spiked up a bit in 4Q and remains high relative to revenue (part of...