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Land & Buildings Urges Hudson's Bay To Evaluate All Strategic Alternatives

19 June 2017

Activist investor Land & Buildings Investment Management has taken a position in Hudson's Bay Co.

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The company's shares hit a record low earlier this month after the company reported a bigger-than-expected quarterly loss. As we have seen recently with the sale of the $2.2 billion retail real estate portfolio of Forest City Realty Trust (NYSE: FCE/A) at a 5% cap rate, institutional demand for high quality and well-located retail real estate is high. The firm has a 50-day moving average price of $10.25 and a 200-day moving average price of $11.34. On average, equities research analysts expect that Hudson's Bay Co will post ($1.93) earnings per share for the current fiscal year. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of worldwide trademark & copyright law. The original version of this piece can be accessed at

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Other research analysts have also issued research reports about the company. They now have a $9.00 target price on the stock, down from their prior target price of $13.00. CIBC reduced their target price on shares of Hudson's Bay Co from C$13.00 to C$10.50 in a report on Monday, June 12th. TD Securities reduced their price target on Hudson's Bay Co from C$13.00 to C$12.00 and set a hold rating on the stock in a report on Thursday, April 6th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. As such, it is one of those rare diamonds in the rough that a real estate investor occasionally finds in a career, where the value of the real estate, which the Company estimates is worth C$35 per share, could be worth 4x the current share price of C$8.88.

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Shares of Hudson's Bay Company jumped nearly 13 per cent on Monday after a minority shareholder said the retailer should consider selling its real estate holdings or consider a privatization by management.

Land & Buildings Urges Hudson's Bay To Evaluate All Strategic Alternatives