Fin Stocks Assessment- Toronto-Dominion Bank (TD), Duke Realty Corp (DRE)
Shares of Toronto-Dominion Bank (NYSE:TD) ended Tuesday session in red amid volatile trading. The shares closed down -0.29 points or -0.66% at $43.75 with 1.95 million shares getting traded. Post opening the session at $44.15, the shares hit an intraday low of $43.55 and an intraday high of $44.20 and the price vacillated in this range throughout the day. The company has a market cap of $81.93 billion and the numbers of outstanding shares have been calculated to be 1.86 billion shares.
Toronto-Dominion Bank (TD) donated $200,000 to the Red Cross to support relief efforts in the Caribbean, with an initial focus on Haiti, followed by the Carolinas, Florida and Georgia. A TD Charitable Foundation donation in the amount of $100,000 comprises half of the grant. The TD Charitable Foundation is the charitable giving arm of TD Bank, N.A. America’s Most Convenient Bank.
“The devastation from the storm will be tremendous, so we want to provide support to the Red Cross in its efforts to help those impacted,” says Michael Rayder, Donation and Foundation Manager, TD Charitable Foundation. “Our thoughts are with everyone affected by this catastrophic hurricane.”
Shares of Duke Realty Corp (NYSE:DRE) ended Tuesday session in red amid volatile trading. The shares closed down -0.09 points or -0.35% at $25.51 with 2,118,865 shares getting traded. Post opening the session at $25.70, the shares hit an intraday low of $25.46 and an intraday high of $26.09 and the price vacillated in this range throughout the day. The company has a market cap of $8.99 billion and the numbers of outstanding shares have been calculated to be 350.76 million shares.
Duke Realty Corp (DRE) announced that it has executed a long-term lease agreement for a 1,435,750-square-foot, build-to-suit distribution facility with Floor & Decor, an Atlanta-based company that operates large, consumer retail stores offering hard-surface flooring, countertops, sinks and related accessories. Construction on the building, which is being built on 90 acres located about 10 miles from the Port of Savannah, is slated to begin in November 2016, with Floor & Decor relocating to its new facility in early 2018.
“Floor & Decor has been a valued customer for several years, and we are excited to continue our partnership with them by delivering a new facility that can help them more efficiently deliver product to their retail stores,” said Chris Brown, Senior Vice President, Georgia and Tennessee. “This new facility will be state-of-the-art and incorporate modern features that will help facilitate product storage and distribution.”