Essex Property Trust Inc (NYSE:ESS) closed on its purchase of BRE Properties Inc. to create a combined, $11.1 billion company — the largest real estate investment trust on the West Coast. The new company will operate under the Essex name with Essex President and CEO Michael Schall leading the new firm. Essex Property Trust Inc (NYSE:ESS) shares after opening at $170.72 on last trade day and at the end of the day closed at $174.00. Company price to sales ratio in past twelve months was calculated as 10.91 and price to cash ratio as 124.87. Essex Property Trust Inc (NYSE:ESS) showed a positive weekly performance of 2.69%.
A federal judge ordered the Marvell Technology Group Ltd. (NASDAQ:MRVL) to pay about $1.54 billion to Carnegie Mellon University for selling billions of semiconductors that infringed the school’s two hard disk drive patents. While that amount is 31 percent more than the $1.17 billion initially awarded by a jury in Dec. 2012, it was less than half the maximum $3.75 billion that Carnegie Mellon sought. Marvell Technology Group Ltd. (NASDAQ:MRVL) shares advanced 2.89% in last trading session and ended the day on $16.20. MRVL return on equity ratio is recorded as 7.10% and its return on assets is 6.00%. Marvell Technology Group Ltd. (NASDAQ:MRVL)yearly performance is 63.19%.
Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) saw a large decline in short interest in January. As of March 14th, there was short interest totalling 15,966,545 shares, a decline of 12.8% from the February 28th total of 18,306,242 shares, AR Network reports. Based on an average daily volume of 9,360,033 shares, the short-interest ratio is currently 1.7 days. Approximately 1.9% of the shares of the stock are sold short. Huntington Bancshares Incorporated (NASDAQ:HBAN) shares moved up 1.91% in last trading session and was closed at $10.16, while trading in range of $9.97 – $10.19. Huntington Bancshares Incorporated (NASDAQ:HBAN) year to date (YTD) performance is 5.83%.
Brocade Communications Systems, Inc. (NASDAQ: BRCD) announced that it will play a strong role expanding the industry mindshare of Software-Defined Networking (SDN) and Network Functions Virtualization (NFV) as an exhibitor at Interop Las Vegas from March 31 to April 4, 2014. As a leader in the evolution of data center networking, Brocade will highlight how organizations can design tomorrow’s network today and embrace the operational benefits of NFV and SDN via a series of demonstrations at its booth (#2051). In addition, Brocade is a supporting provider of InteropNet, the best-practices network that is built every year to provide high-speed Internet access for the Conference and Expo. Brocade Communications Systems, Inc. (NASDAQ:BRCD) weekly performance is 3.63%. On last trading day company shares ended up $10.84. Brocade Communications Systems, Inc. (NASDAQ:BRCD) distance from 50-day simple moving average (SMA50) is 11.25%. Analysts mean target price for the company is $9.82.
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