Stock Update: Microsoft Corporation (NASDAQ:MSFT) – How the value of this Redmond building nearly doubled in just two years

[at American City Business Journals] – The once-struggling Redmond Technology Center office building is worth 90 percent more than it was only two years ago. On Monday, Ascentis Real Estate Partners said it bought the five-story property at 18300 Redmond Way, near the headquarters of Microsoft (MSFT). Menlo Equities of Palo Alto, California, acquired the mostly vacant building for just over $15.9 million two years ago, and started upgrading it to lure tenants. Read more on this. Microsoft Corporation (MSFT) , with a current value of $412.28B, opened this morning at $52.24. Today, shares have traded between $52.22 and $52.73 per share with the price of the stock fluctuating between $39.72 to $56.85 over the last 52 weeks. Microsoft (MSFT) shares are currently priced at 19.52x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.90x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.44 per share annually in dividends, yielding 2.78%. According to a consensus of 29 analysts, the earnings estimate of $0.58 per share would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. The full-year EPS estimate is $2.67 which would be a $0.21 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.17 Billion. If realized, that would be a 0.05% decrease over the year-ago quarter. In terms of ratings, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. The average price target for MSFT shares is $57.66, which is 10.38% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Sues DoJ Over Data Request Order (MSFT) Company Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s underwater data center called its ‘most intriguing project’ in almost 40 years Company Update: Microsoft Corporation (NASDAQ:MSFT) – Redmond wearables startup partners with Microsoft to make smart soccer shoes