Goldman Sachs (NYSE:GS) Eyes to Launch Private Real-Estate Investment Trust in Japan – STT, JPM, C, GS

  on May 29,2012 Posted in Featured ,Investment Ideas
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Goldman Sachs Group, Inc (NYSE:GS) reported on Friday that it aims to start a private real-estate investment trust in Japan current summer among signs of a spin in the property market, according to a person who knows about the matter.

Asset Management Co of Goldman Sachs plans to start the fund in July or August with an original size of almost Y30 billion-Y50 billion. The person reported that it would plan to boost the size of the private REIT to almost Y100 billion in 2 to 3 years.

The person reported that the fund would invest mostly in office buildings in Tokyo, though future investments may comprise residential and retail properties, plus targets in key second-tier Japanese cities.

Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. State Street Corporation (NYSE:STT) moved up +0.12% to settle at $41.78, JPMorgan Chase & Co. (NYSE:JPM) moved down -1.38% to end at $33.50 while Citigroup Inc. (NYSE:C) plunged -0.71% to finish on Friday at $26.47.

Goldman Sachs Group, Inc. (NYSE:GS) on MAY 25, 2012 it decreased -0.17% to the closing price of $96.70. The overall volume in the last trading session was 3.10 million shares. Its fifty two week range was $84.27 -$142.30. The total market capitalization remained $47.56 billion.

GS is ahead its 52 week low with +15.54% and lagging behind from its 52 week high price with -31.37%. GS last month stock price volatility remained 2.45%. In its share capital GS has 491.88 million outstanding shares among them 485.84 million shares have been floated in market exchange. GS stock institutional ownership remained 74.13% while insider ownership included 1.20%.

The stock price of GS is moving down from its 20 days moving average with -7.63% and remote negatively from 50 days moving average with -15.10%. GS current year earnings per share experienced a decline with -65.80% while its current quarter performance remained -16.55%. Company’s beta coefficient included 1.45. Beta factors measures the amount of market risk associated with market trade.



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