Expansion Plans, New Appointments, Dividends and Strategic Acquisitions - Research Report on Duke Realty, Digital Realty, ARMOUR, ARCP, and Highwoods
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NEW YORK, August 30, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting Duke Realty Corp. (NYSE: DRE), Digital Realty Trust, Inc. (NYSE: DLR), ARMOUR Residential REIT, Inc. (NYSE: ARR), American Realty Capital Properties Inc. (NASDAQ: ARCP), and Highwoods Properties Inc. (NYSE: HIW). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Duke Realty Corp. Research Report
On August 19, 2013, Duke Realty Corp. (Duke Realty) announced that two national companies with operations in Duke Realty's Lebanon Business Park (LBP), Purity Wholesale Grocers and CNH Global NV, recently informed about their plans to expand operations in the park and hire additional workers in the near future. According to Duke Realty, Purity Wholesale Grocers plans to invest in a new 480,000 square foot regional distribution center on 29 acres it purchased in the park, while CNH Global NV plans to lease and equip a 153,000-square foot building in LBP, raising its total presence in LBP to 1.2 million square feet in three buildings. Charlie Podell, Senior Vice President of Duke Realty's Indiana operations said, "Our ability to provide expansion space to our major clients has reaffirmed that the Lebanon Business Park is one of the premier developments for growing companies." The Full Research Report on Duke Realty Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/DRE]
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Digital Realty Trust, Inc. Research Report
On August 26, 2013, Digital Realty Trust, Inc. (Digital Realty) announced that John Stewart was appointed as the Company's Senior Vice President, Investor Relations, and is expected to join the Company on September 9, 2013. The Company stated that Mr. Stewart will be responsible for directing the Company's investor relations program and will report to A. William Stein, CFO and Chief Investment Officer. According to the Company, prior to joining Digital Realty, Mr. Stewart led the industrial and technology REIT sector coverage at Green Street Advisors, a leading independent real estate research firm. Michael F. Foust, CEO of Digital Realty, said, "John is an industry veteran with a deep knowledge of the shareholder landscape and extensive experience in the investment community, which will add great value to our investor relations program." The Full Research Report on Digital Realty Trust, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/DLR]
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ARMOUR Residential REIT, Inc. Research Report
On August 27, 2013, ARMOUR Residential REIT, Inc. (ARMOUR) announced that its Board of Directors has appointed Ms. Carolyn Downey as a new independent member of the Board of Directors, with effect from September 3, 2013. The Company stated that with this appointment, it expects to regain compliance with Section 303A.01 of the New York Stock Exchange Listed Company Manual and Section 802(a) of the NYSE MKT LLC Company Guide, both of which require a majority of independent directors on the Company's Board of Directors. According to ARMOUR, Ms. Downey has over 25 years of institutional capital markets experience working with leading institutions in global finance. The Company also informed that it has appointed Mr. Mark Gruber, Head of Portfolio Management, to the additional post of Chief Operating Officer of the Company, with effect from September 3, 2013. The Full Research Report on ARMOUR Residential REIT, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/ARR]
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American Realty Capital Properties Inc. Research Report
On August 27, 2013, American Realty Capital Properties Inc. (ARCP) announced that the Company has declared an annualized dividend of $0.91 per share, pursuant to the prior authorization of its Board of Directors, to be paid monthly to stockholders of record at the close of business on the 8th day of each month, payable on the 15th of such month. Accordingly, ARCP informed that it will pay a dividend of $0.08 per share on September 15, 2013, to stockholders of record at the close of business on September 8, 2013. Further, the Company's Board of Directors has authorized the seventh consecutive quarterly increase to its annualized dividend from $0.91 per share to $0.94 per share per annum, contingent upon, and effective with, the earlier to close of the Company's acquisition of CapLease Inc. and American Realty Capital Trust IV, Inc. The Full Research Report on American Realty Capital Properties Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/ARCP]
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Highwoods Properties Inc. Research Report
On August 19, 2013, Highwoods Properties Inc. (Highwoods) announced that it has acquired its joint venture partner's 57% interest in Glenlake North and South Towers, two Class A, 10-story office buildings, for a purchase price of $45.4 million. According to the Company, the properties are 82% leased and are expected to generate full-year cash and GAAP net operating income of $5.1 million and $6.0 million, respectively. Highwoods informed that it funded the equity portion $24 million of its purchase price with the proceeds from its recent equity issuances, non-core dispositions, and borrowings under its revolving credit facility. The Full Research Report on Highwoods Properties Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/HIW]
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