Companies in Financial Services Report First Quarter Results - Analyst Notes on MoneyGram, Och-Ziff, Chambers Street, Sun Communities and EDR
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NEW YORK, May 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding MoneyGram International Inc. (NASDAQ: MGI), Och-Ziff Capital Management Group LLC (NYSE: OZM), Chambers Street Properties (NYSE: CSG), Sun Communities Inc. (NYSE: SUI) and Education Realty Trust Inc. (NYSE: EDR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2362-100free.
MoneyGram International Inc. Analyst Notes
On April 29, 2014, MoneyGram International Inc. (MoneyGram) reported its Q1 2014 financial results. For the quarter, the Company's total revenues increased by 10.1% YoY to $374.9 million. Net income for Q1 2014 stood at $39.0 million or $0.54 per diluted share, compared to net loss for Q1 2013 of $12.6 million or $0.18 per diluted share. Commenting on the results, MoneyGram Chairman and CEO, Pamela H. Patsley, stated, "We had another great quarter, posting our twelfth consecutive quarter of double-digit money transfer constant currency revenue growth and 42 percent growth in adjusted free cash flow. Money transfer transaction growth was impressive at 12% as U.S. outbound transactions continued their rapid pace and sends outside of the U.S. growth accelerated sequentially. I am also proud of the consistently robust self-service business with 54% transaction growth and 35% revenue growth in the quarter." The full analyst notes on MoneyGram are available to download free of charge at:
http://www.analystsreview.com/2362-MGI-13May2014.pdf
Och-Ziff Capital Management Group LLC Analyst Notes
On May 2, 2014, Och-Ziff Capital Management Group LLC (Och-Ziff) reported its Q1 2014 financial results. The Company's Q1 2014 total revenues decreased by 0.3% YoY to $285.5 million. Q1 2014 consolidated net income was $165.7 million or $0.14 per diluted share, compared to Q1 2013 consolidated net income of $258.1 million or $0.20 per diluted share. Commenting on the results, Och-Ziff Chairman and CEO, Daniel S. Och, stated, "The first quarter of this year was marked by challenging equity market conditions and increased volatility globally, and these conditions persisted into April. We are pleased with the progress we have made towards our strategic objective of becoming a multi-product, alternative asset manager." The full analyst notes on Och-Ziff are available to download free of charge at:
http://www.analystsreview.com/2362-OZM-13May2014.pdf
Chambers Street Properties Analyst Notes
On May 2, 2014, Chambers Street Properties (Chambers Street) reported its Q1 2014 financial results. Total revenues for the quarter went up by 27.6% YoY to $68.2 million, while net income attributable to common shareholders came in at $3.3 million or $0.01 per diluted share, compared to Q1 2013 net income attributable to common shareholders of $82.0 million or $0.33 per diluted share. Commenting on the results, Chambers Street CEO and President, Jack A. Cuneo, stated, "We continued to successfully execute our strategies to strengthen our cash flow and grow our portfolio in the first quarter of 2014." He added, "We continue to see a strong pipeline of potential accretive acquisitions that we believe will complement our portfolio of assets in our efforts to increase shareholder value." The full analyst notes on Chambers Street are available to download free of charge at:
http://www.analystsreview.com/2362-CSG-13May2014.pdf
Sun Communities Inc. Analyst Notes
On April 30, 2014, Sun Communities Inc. (Sun Communities) reported its earnings results for Q1 2014. The Company's total revenues reflected an increase of 8.0% YoY to $111.2 million. Net income attributable to common stockholders for Q1 2014 was $7.8 million, or $0.21 per diluted common share, as compared to net income of $5.7 million, or $0.19 per diluted common share, for Q1 2013. Commenting on the results, Sun Communities Chairman and CEO, Gary A. Shiffman, stated, "Results were strong across the board with a 560 site gain in occupancy, home sales improvement each month throughout the quarter, and same site NOI growth of 6.6%. In addition, with our most recent equity offering we continued our commitment to acquire properties on a leverage neutral basis and have excellent financial flexibility to support our continuing investment in new properties with strong growth potential." The full analyst notes on Sun Communities are available to download free of charge at:
http://www.analystsreview.com/2362-SUI-13May2014.pdf
Education Realty Trust Inc. Analyst Notes
On April 28, 2014, Education Realty Trust Inc. (EdR) reported its Q1 2014 financial results. The Company's Q1 2014 total revenues went up by 22.1% YoY to $54.5 million. Q1 2014 net income attributable to EdR common stockholders was $12.1 million or $0.10 per basic and diluted share, compared to Q1 2013 net income attributable to EdR common stockholders of $3.3 million or $0.03 per basic and diluted share. Reflecting on the results, Company President and CEO, Randy Churchey, stated, "During the first quarter, we continued to execute on our plan to produce solid internal growth through successful preleasing and meaningful external growth through our 2014-2016 development deliveries. As a result, the Company is on track for a strong and successful 2014." The full analyst notes on EDR are available to download free of charge at:
http://www.analystsreview.com/2362-EDR-13May2014.pdf
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