Financial Giants Take a Stroll Towards Growth Through Appointments, Mergers, and Lease Renewals - Research Report on Annaly, Starwood Property Trust, Rayonier, ARCP, and Brandywine Realty Trust
NEW YORK, July 16, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting Annaly Capital Management, Inc. (NYSE: NLY), Starwood Property Trust, Inc. (NYSE: STWD), Rayonier Inc. (NYSE: RYN), American Realty Capital Properties, Inc. (NASDAQ: ARCP), and Brandywine Realty Trust (NYSE: BDN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Annaly Capital Management, Inc. Research Report
On July 8, 2013, Annaly Capital Management, Inc. (Annaly) announced the adjustment to the conversion rate for the Company's 4% Convertible Senior Notes due 2015. The new conversion price of the Notes is $13.31 per common share, effective June 27, 2013, compared to the previous conversion price of $13.74 per common share. The new conversion rate for each $1,000 principal amount of notes is 75.13 of the Company's common shares, compared to the previous rate of 72.76 of the Company's common shares. The adjustment of the conversion rate for the Notes is being made due to the governing indenture of the notes in light of the Company's previously announced Q2 FY 2013 common stock cash dividend of $0.40 per common share. The Full Research Report on Annaly Capital Management, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/af04_NLY]
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Starwood Property Trust, Inc. Research Report
On July 9, 2013, Starwood Property Trust, Inc. (Starwood Property Trust) announced that the Company has originated a $225 million first mortgage loan on the Four Seasons Resort Hualalai at Historic Ka'upulehu. The Company informed that the interest rate floats over LIBOR and the loan matures in five years with two 'one-year extension' options, sponsored by a joint venture between Rockpoint Real Estate Fund II, L.P. and MSD Capital, L.P. As stated by Boyd Fellow, President of the Company, "We are pleased to leverage our scale, flexible capital and deep underwriting experience to provide this large, complex loan, secured by one of Hawaii's most high profile properties, to world class sponsors. This transaction further illustrates our unique ability to quickly meet the needs of sophisticated borrowers that require highly tailored financing solutions." The Full Research Report on Starwood Property Trust, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3085_STWD]
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Rayonier Inc. Research Report
On July 9, 2013, Rayonier Inc. (Rayonier) announced the addition of Chris Corr as Senior Vice President, Real Estate and President, TerraPointe Services, Inc. Starting on July 15, 2013, Corr will replace Charles Margiotta, who retired on June 28, 2013 after more than 38 years of serving the Company. According to Paul Boynton, Chairman, President and CEO of Rayonier, "We're pleased to have Chris join our senior management team. We are confident that his experience will help Rayonier maximize the return from our unique real estate portfolio as the U.S. economic recovery continues. With the rebound we've seen in the real estate market, Chris' development and planning experience and personal network will play a key role in positioning the company for sustained growth in our real estate business. We believe his unique background will help TerraPointe develop a strategic path for Rayonier's real estate portfolio, attract buyers to our entitled and other development properties and build value in our land holdings." The Full Research Report on Rayonier Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/a36e_RYN]
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American Realty Capital Properties, Inc. Research Report
On July 8, 2013, American Realty Capital Properties, Inc. (ARCP) announced the Company's reaffirmation on its intention to close its previously announced merger with CapLease, Inc. (CapLease). The Company expects to close the transaction in Q3 FY 2013. Nicholas S. Schorsch, ARCP's Chairman and Chief Executive Officer, stated, "In light of the expiration of the 'go shop' period and recent filing of CapLease's preliminary proxy statement, we are reaffirming our intention to close the CapLease merger in the third quarter of 2013, representing another significant milestone in this transformative year for ARCP. With the recent success demonstrated by our $774 million acquisition of a high-quality portfolio from GE Capital, we have closed over $1.14 billion of portfolio acquisitions year to date. With CapLease and ARCT IV, both of which acquisitions will prove accretive to our earnings, we will grow our enterprise value to over $10 billion." The Full Research American Realty Capital Properties, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/8d4d_ARCP]
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Brandywine Realty Trust Research Report
On July 1, 2013, Brandywine Realty Trust (Brandywine Realty Trust) announced that the Company has executed a long-term lease renewal with Pepper Hamilton LLP. The early lease renewal of approximately 268,000 square feet will retain all of the existing space in the Two Logan Square lease which was scheduled to expire in 2015. According to Gerard H. Sweeney, President and Chief Executive Officer of the Company, "We are delighted to retain Pepper Hamilton as a key tenant and maintain the firm's longstanding presence in Two Logan Square. Pepper Hamilton's excellent reputation and practice diversity provide significant stability to our Philadelphia CBD portfolio. "We appreciate Pepper Hamilton's continued confidence in Brandywine as a provider for the firm's real estate needs." The Full Research Report on Brandywine Realty Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/e12e_BDN]
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SOURCE Wall Street Reports
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