Acquisition Agreements, Clarifying Statements, Operation Expansions, and Dividend Declaration - Analyst Notes on Ventas, Protective Life, AmTrust Financial, SunTrust and Vornado
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NEW YORK, June 5, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Ventas, Inc. (NYSE: VTR), Protective Life Corp. (NYSE: PL), AmTrust Financial Services, Inc. (NASDAQ: AFSI), SunTrust Banks, Inc. (NYSE: STI) and Vornado Realty Trust (NYSE: VNO). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3394-100free.
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Ventas, Inc. Analyst Notes
On June 2, 2014, Ventas, Inc. (Ventas) announced that it has entered into an agreement to acquire American Realty Capital Healthcare Trust, Inc. (ARC Healthcare) to further strengthen its position as global leader in medical office buildings and seniors housing. Under the terms of transaction, Ventas will acquire 100% of the outstanding shares of ARC Healthcare in a stock and cash transaction valued at $2.6 billion, or $11.33 per ARC Healthcare share. Ventas added that it expects the transaction to close in the fourth quarter of 2014. In another announcement on the same day Ventas stated that it will acquire 29 independent living seniors housing communities located in Canada from Holiday Retirement for CAD $980 million (c.$900 million) in cash. The transaction is expected to close in the third quarter of 2014. The Company added that it expects these transactions to be immediately accretive to Ventas's 2015 normalized Funds from Operations by at least $0.10 per share. The full analyst notes on Ventas are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/VTR/report.pdf
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Protective Life Corp. Analyst Notes
On June 2, 2014, Protective Life Corp. (Protective Life) released a statement to clarify recent media speculations regarding the Company's potential transaction with a Japanese insurer. The Company stated that the media reports are not based on any information coming from Protective, and it is against Company's policy to comment on speculative media reports. The full analyst notes on Protective Life are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/PL/report.pdf
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AmTrust Financial Services, Inc. Analyst Notes
On June 2, 2014, shares of AmTrust Financial Services, Inc (AmTrust Financial) declined 0.89% to close trading at $42.32 per share. Over the past five days of trading, AmTrust Financial's shares were down 6.35% compared to the Nasdaq Composite which gained 1.23% during that same period. The full analyst notes on AmTrust Financial are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/AFSI/report.pdf
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SunTrust Banks, Inc. Analyst Notes
On May 27, 2014, SunTrust Banks, Inc. (SunTrust) announced that it is extending the Company's banking presence in Boston through the establishment of a new corporate banking office. The Company informed that in relation to this expansion, it has employed veteran New England banker Greg Badger as group head of its Boston-based Northeast Corporate Banking team. According to the Company, Badger joins SunTrust after working with Bank of America and its predecessor banks in Boston for 20 years, where he held senior leadership positions including Senior Vice President and Managing director, Global Commercial Banking. "Greg is highly regarded throughout New England, and very well positioned to build and lead our corporate banking team in the Northeast," said Brian Peters, Head of National Corporate Banking. "His decision to join SunTrust Robinson Humphrey is further validation of our national expansion strategy and the extensive capabilities of our wholesale banking platform." The full analyst notes on SunTrust are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/STI/report.pdf
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Vornado Realty Trust Analyst Notes
On May 22, 2014, Vornado Realty Trust (Vornado) announced that its Board of Trustees has declared the quarterly preferred dividends of c. $0.81 per share on its Series A Convertible Preferred stock. The Company also stated that it has also declared a quarterly dividend of c.$0.41/share, c.$0.43/share, c.$0.36/share and c.$0.34/share on its Cumulative Redeemable Preferred Stock Series G & I, J, K, and L respectively. According to the Company, all preferred dividends are payable on July 1, 2014 to shareholders of record as on June 16, 2014. The full analyst notes on Vornado are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/VNO/report.pdf
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