Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) ended Friday session in red amid volatile trading. The shares closed down -0.12 points or -1.11% at $11.09 with 6.77 million shares getting traded. Post opening the session at $11.16, the shares hit an intraday low of $11.03 and an intraday high of $11.24 and the price vacillated in this range throughout the day. The company has a market cap of $63.05 billion and the numbers of outstanding shares have been calculated to be 2.88 billion shares.
Itau Unibanco Holding SA (ADR) (ITUB) provides a range of financial products and services to individual and corporate clients in Brazil and abroad. It is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations and other complementary activities. It operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. Its Retail Banking segment includes retail clients, high net worth clients and the corporate segment. The Wholesale Banking segment offers products and services to middle-market companies, private banking clients, from the activities of Latin America units and the activities of Itau BBA. The Activities with the Market + Corporation segment records the result arising from capital surplus, subordinated debt surplus and the net balance of tax credits and debits.
Shares of Metlife Inc (NYSE:MET) ended Friday session in red amid volatile trading. The shares closed down -0.08 points or -0.18% at $44.52 with 6.54 million shares getting traded. Post opening the session at $44.54, the shares hit an intraday low of $44.38 and an intraday high of $44.83 and the price vacillated in this range throughout the day. The company has a market cap of $48.81 billion and the numbers of outstanding shares have been calculated to be 1.10 billion shares.
On September 22, 2016 MetLife, Inc. (MET) and Norges Bank Real Estate Management announced that they have purchased the Constitution Square Three and Four office buildings in Washington, D.C. This is the second property investment in Washington, D.C., and the fifth overall for the joint venture, which was established in 2013.
MetLife and Norges Bank Real Estate Management bought the buildings from an affiliate of StonebridgeCarras. MetLife affiliates will own 52.5 percent of Constitution Square and be the managing member, while Norges Bank Real Estate Management will own the remaining 47.5 percent.
Located within the submarket of Washington, D.C., known as “NoMa,” for North of Massachusetts Avenue, Constitution Square Three is an existing 349,000 square foot Leadership in Energy & Environmental Design (LEED) Platinum office building with street-level retail, and Constitution Square Four is a 493,000 to-be-constructed office tower that will target LEED Platinum certification. The combined office area of 839,000 square feet is leased to the U.S. General Services Administration (GSA) for the Department of Justice.
“Constitution Square in Washington, D.C., represents the opportunity to add a high-quality, fully leased asset in a core market to our joint portfolio with Norges Bank Real Estate Management,” said Robert Merck, senior managing director and global head of real estate investments for MetLife. “Our continued partnership is built on a strategy of providing first-rate asset management and investing for the long-term to bring strong returns to our stakeholders.”