Credit Facilities, Recognition, Appointments, and New Hotels - Analyst Notes on Wells Fargo, Hersha, Cousins, F.N.B. Corporation and Columbia Property Trust
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NEW YORK, June 11, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Wells Fargo & Company (NYSE: WFC), Hersha Hospitality Trust (NYSE: HT), Cousins Properties Inc. (NYSE: CUZ), F.N.B. Corporation (NYSE: FNB) and Columbia Property Trust, Inc. (NYSE: CXP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3599-100free.
Wells Fargo & Company Analyst Notes
On June 6, 2014, Wells Fargo & Company's (Wells Fargo) stock went up by 0.68%, closing the day at $51.98. Over the past six month trading period, Wells Fargo's stock reflected an increase of 17.83% compared to the Dow Jones Industrial Average which went up by 5.63% during the same trading period. The full analyst notes on Wells Fargo are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/WFC/report.pdf
Hersha Hospitality Trust Analyst Notes
On June 2, 2014, Hersha Hospitality Trust (Hersha) announced the opening of a new, 205-room Hilton Garden Inn Midtown East. Commenting on the opening, Hersha CEO, Jay H. Shah, stated, "We are extremely pleased to add this high quality hotel on 52nd Street off Third Avenue to our portfolio. This hotel complements the quality and net asset value of Hersha's New York City hotel portfolio and will be immediately accretive to our earnings. The hotel is ideally located within a dynamic office market, totaling approximately 20 million square feet, while proximate to landmarks such as the United Nations, Grand Central Station and Rockefeller Center, thereby appealing to both corporate and leisure travelers." The full analyst notes on Hersha are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/HT/report.pdf
Cousins Properties Inc. Analyst Notes
On May 28, 2014, Cousins Properties Inc. (Cousins) announced that the Company has closed on a new five-year, $500 million unsecured revolving credit facility maturing in May 2019. Additionally, the Company stated that this new credit facility replaces its existing $350 million facility, maturing in February 2016. The Company stated that the current spread over LIBOR under the new facility is 110 basis points, based upon Cousins' leverage as of March 31, 2014. Cousins stated that the new facility contains certain financial covenants including the maintenance of an unencumbered interest coverage ratio of at least 2.00, a fixed charge coverage ratio of at least 1.50, and overall leverage of no more than 60%. The full analyst notes on Cousins are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/CUZ/report.pdf
F.N.B. Corporation Analyst Notes
On May 27, 2014, F.N.B. Corporation announced that the Pennsylvania Bankers Association (PBA) has recognized a member of the Company Board of Directors, D. Stephen Martz of Hollidaysburg, PA, for serving fifty or more years in the banking industry at the PBA Annual Meeting held on May 15, 2014, in Naples, Florida. F.N. B. Corporation President and CEO, Vincent J. Delie, Jr., stated, "F.N.B. is pleased to congratulate Steve for being recognized for his vast and successful career in the financial services industry. We are very fortunate to have Steve on our Board and to benefit from his years of experience." The full analyst notes on F.N.B. Corporation are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/FNB/report.pdf
Columbia Property Trust, Inc. Analyst Notes
On June 3, 2014, Columbia Property Trust, Inc. (Columbia Property Trust) announced the appointment of Brian D. Berry as Senior Vice President, Eastern Region. According to the Company, Berry will oversee all transaction and investment management activities for the Company in the eastern U.S. and will be based in Washington, D.C. Columbia Property Trust President and CEO, Nelson Mills, remarked, "We are excited to welcome Brian Berry to the senior management team of Columbia Property Trust. With his deep understanding of the commercial property industry and strong track record of acquiring and repositioning assets, he will broaden and complement our senior management team and further position our company for growth moving forward. I look forward to working with him as he leads the execution of our strategy in our key eastern U.S. markets and positioning our existing assets there to maximize value for shareholders." The full analyst notes on Columbia Property Trust are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/CXP/report.pdf
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