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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