NEW YORK, April 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
American Tower Corporation (NYSE: AMT), Annaly Capital Management,
Inc. (NYSE: NLY), American Realty Capital Properties, Inc. (NASDAQ:
ARCP), Vornado Realty Trust (NYSE: VNO), and W. P. Carey & Co. LLC (NYSE: WPC). Private
wealth members receive these notes ahead of publication. To reserve
complementary membership, limited openings are available at:
http://www.AnalystsReview.com/register
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American Tower Corporation Analyst Notes
On April 3, 2014, American Tower
Corporation's (American Tower) stock declined 0.02%, ending the day
at $81.25. Over the previous five
trading sessions, shares of American Tower increased 0.72%,
compared to the Dow Jones Industrial Average which also increased
1.90% during the same period. The full analyst notes on American
Tower Corporation are available to download free of charge at:
http://www.AnalystsReview.com/04082014/AMT/report.pdf
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Annaly Capital Management, Inc. Analyst Notes
On April 3, 2014, Annaly Capital
Management, Inc. (Annaly) declared an adjustment to the conversion
rate for 4.00% Convertible Senior Notes Due 2015 (the Notes) from
$12.5411 per common share to
$12.2079 per common share, effective
March 28, 2014. The Company informed
that the adjustment to the conversion rate for the Notes is being
made in accordance to the governing indenture for the Notes,
considering Annaly's previously reported Q1 2014 common stock cash
dividend of $0.30 per common share.
According to Annaly, the new conversion rate for each $1,000 principal amount of Notes is 81.9145 of
the Company's common shares, against its previous rate of 79.7379
of the Company's common shares. Notice of the conversion rate
adjustment was delivered to security holders and Wells Fargo Bank,
National Association, the trustee, pursuant to the terms of the
governing indenture for the Notes. The full analyst notes on Annaly
Capital Management, Inc. are available to download free of charge
at:
http://www.AnalystsReview.com/04082014/NLY/report.pdf
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American Realty Capital Properties, Inc. Analyst
Notes
On April 2, 2014, American Realty
Capital Properties, Inc. (ARCP) reported that it has received
$275.0 million of new commitments
from three new lenders under its senior corporate credit facility
to allow for $3.15 billion of total
financing under its credit facilities. According to the Company,
with the additional commitments to its senior facility, the Company
has $729.2 million of aggregate
available borrowing capacity in the form of undrawn commitments.
David S. Kay, President of ARCP,
commented, "We are pleased to have added three new banks to our
lending group under our senior corporate facility, increasing total
commitments by $275.0 million, all
produced by the execution of our robust capital markets team. With
total financings of as much as $3.15
billion under our credit facilities, we expect to have ample
flexibility to fund our portfolio's expansion through singular and
portfolio acquisitions. The increased commitments to our senior
facility are a direct reflection of the credit quality of our
portfolio, our lack of sensitivity to movements in interest rates,
the lengthening of our debt maturities and our recent capital
transactions which have increased our unencumbered assets, lowered
our cost of debt and delivered our balance sheet. The greater
financing availability afforded to us by these additional
commitments is significant in our growth into the leading REIT."
The full analyst notes on American Realty Capital Properties, Inc.
are available to download free of charge at:
http://www.AnalystsReview.com/04082014/ARCP/report.pdf
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Vornado Realty Trust Analyst Notes
On April 3, 2014, Vornado Realty
Trust's (Vornado Realty) stock declined 0.04%, ending the day at
$99.19. For the past month, shares of
Vornado Realty increased 3.01%, compared to the Dow Jones
Industrial Average Index which also increased 1.54% during the same
period. The full analyst notes on Vornado Realty Trust are
available to download free of charge at:
http://www.AnalystsReview.com/04082014/VNO/report.pdf
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W. P. Carey & Co. LLC
Analyst Notes
On April 3, 2014, W. P. Carey & Co. LLC (W. P. Carey) reported that it has acquired a new
Class-A office building located at 2700 Frye Road in Chandler, Arizona, for an estimated
$43 million. According to the
Company, the facility is leased to QBE Holdings (QBE) for 10 years
and serves as its West Coast regional headquarters. W. P. Carey's Managing Director and Co-Head of
Global Investments, Gino Sabatini,
commented, "This acquisition represented an opportunity to secure a
well-located new Class-A office facility leased to a credit tenant
on a site that also offers the possibility for additional
development. Located in the Price Road Corridor, one of the most
desirable areas of the Phoenix
submarket, the investment provides attractive current cash flow."
The full analyst notes on W. P.
Carey & Co. LLC are available to download free of charge
at:
http://www.AnalystsReview.com/04082014/WPC/report.pdf
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