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Micro-Cap on Watch; MPG Office Trust Inc. (MPG)

By Warren Paige

Shares of MPG Office Trust Inc. (NYSE: MPG), a self-administered and self-managed real estate investment trust (REIT), soared in trading today.

MPG shares ended the day 26.85% higher at $3.26 on above average volume of 3.24 million. The stock gained 39.91% in the last three trading sessions.

MPG Office Trust shares have been gaining momentum after the company this week announced its second-quarter financial results. For the second quarter ended June 30, 2012, MPG reported net income of $67.3 million, or $1.32 per share, compared to $118.4 million, or $2.42 per share reported for the same period last year.

Funds from Operations (FFO) available to common stockholders for the quarter ended June 30, 2012 was $71.4 million, or $1.38 per share, compared to $99.7 million, or $1.99 per share reported for the quarter ended June 30, 2011.

 

July 26th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.