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Wednesday, February 27, 2013

CommonWealth REIT offering priced at $19 per share - underwriters, (NYSE: CWH)

CommonWealth REIT's equity offering of 30 million shares has been priced at $19 per share, according to two underwriters. Most of the shares were sold to institutional investors, while very little went to retail investors, one of the underwriters said.

CommonWealth REIT (CWH) is a real estate investment trust (REIT). Shares of CWH fell by 7.75% or $-1.89/share to $22.51. In the past year, the shares have traded as low as $13.46 and as high as $24.55. On average, 1228490 shares of CWH exchange hands on a given day and today's volume is recorded at 28362830.