Appointments, Amended Lease Agreements, and Technical Updates - Analyst Notes on Discover, City National Corp., Sabra, Walter Investment and First American Financial
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NEW YORK, June 18, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Discover Financial Services (NYSE: DFS), City National Corp. (NYSE: CYN), Sabra Health Care REIT, Inc. (NASDAQ: SBRA), Walter Investment Management Corp. (NYSE: WAC) and First American Financial Corporation (NYSE: FAF). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3832-100free.
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Discover Financial Services Analyst Notes
On June 12, 2014, Discover Financial Services (Discover) announced that Walter H. Morris, Jr. has joined the Company's Board of Directors. According to the Company, Morris serves on the Audit Committee of the Company's Board of Directors. David Nelms, Chairman and CEO for Discover stated, "Walter brings with him more than 30 years of experience and knowledge in the financial services industry. Walter's strong financial background, including his extensive experience in banking, will play a key role as we solidify Discover as a leading direct bank and payments partner." The full analyst notes on Discover are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/DFS/report.pdf
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City National Corp. Analyst Notes
On June 10, 2014, City National Corp. reported that its wholly-owned subsidiary, City National Bank, has hired Kevin Fitze as Senior Vice President and Senior Relationship Manager along with Lisa Berg as Vice President. According to the Company, Fitze and Berg will both report to Stephanie Dalton, Senior Vice President and Team Leader for the Entertainment Division in New York. Commenting on the appointments, Head of Entertainment in New York City for City National Bank, Richard McCune, stated, "With the addition of these two experienced bankers, we will be able to better serve more clients in Manhattan and provide more clients, business owners and professionals with an even greater range of City National's remarkable resources, relationship banking and wealth management. City National has been successfully growing in Manhattan for over a decade and we are increasingly known for our expertise banking the entertainment industry." The full analyst notes on City National Corp. are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/CYN/report.pdf
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Sabra Health Care REIT, Inc. Analyst Notes
On June 4, 2014, Sabra Health Care REIT, Inc. (Sabra) announced that the Company has amended its lease agreement with Texas Regional Medical Center (TRMC) regarding the acquisition of a controlling interest in TRMC by a subsidiary of Tenet Healthcare Corporation (Tenet). The Company informed that the amended lease agreement has an initial term of 15.5 years with the option for TRMC to extend the lease for four additional terms of five years each and provides for an annual rent escalator equal to the lesser of 2.5% and the actual CPI increase as of the date of determination, not to be less than 1%. According to Sabra, this will result in annual lease revenues of $5.5 million determined in accordance with GAAP. TRMC CEO and Chairman, Rick Matros, said, "We are very pleased to have Tenet make an investment in and control the operations of TRMC." The full analyst notes on Sabra are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/SBRA/report.pdf
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Walter Investment Management Corp. Analyst Notes
On June 13, 2014, Walter Investment Management Corp.'s (Walter Investment) stock reflected an increase of 0.35%, closing at $28.84. Over the previous three-month trading period, Company's stock dipped by 0.55% compared to the Dow Jones Industrial Average increase of 4.41% during the same trading period. The full analyst notes on Walter Investment are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/WAC/report.pdf
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First American Financial Corporation Analyst Notes
On June 13, 2014, First American Financial Corporation's (First American Financial) stock increased by 0.04%, ending the day at $28.12. For the past six-month trading period, Company's stock went up by 2.74% compared to the S&P 500 which went up by 9.06% during the same trading session. The full analyst notes on First American Financial are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/FAF/report.pdf
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