Will These Stocks Extend Gains After Hours?
Here’s a look at some of the top performers in after hours trades this evening:
Thomas Properties Group Inc. (NASDAQ:TPGI) surging after hours, up 4.35% to $3.36 per share. The rise for TPGI comes on news that the company, a full-service real estate outfit that owns, acquires, develops and manages primarily office, as well as mixed-use and residential properties on a nationwide basis, has closed a new first mortgage loan on a series of condo properties the firm owns in Philadelphia. From Businesswire, “The new mortgage loan in the amount of $21.5 million was made by Wells Fargo Bank (NYSE:WFC), National Association. At closing, $19.9 million of the loan was funded, with an additional $1.4 million available for funding interest expense and $0.2 million available for leasing costs related to the retail space. The loan bears interest at the one-month London Inter Bank Offered Rate (“LIBOR”) plus 3.75% and matures on December 15, 2013.”
First Financial Northwest (NASDAQ:FFNW) among the Nasdaq’s leaders after hours, with gains of 1.82%. The bid-up on FFNW shares comes after thestreet.com upgrades its outlook on the stock from sell to hold, citing, “strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins and impressive record of earnings per share growth.”
Sealy Corp. (NYSE:ZZ) coming in atop the afternoon’s gainers on the NYSE, up 8% since market close. The mattress company reported earnings for the second fiscal quarter today, outpacing market expectations with strong revenues ($321 million) up 10% since last year and increasing profits (up to $125.1 million).
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