Financial Results, Acquisitions, Prepayments, and Upcoming Conferences - Analyst Notes on Apollo Investment, Gramercy Property Trust, DiamondRock Hospitality, Ryman Hospitality and New Residential
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 29, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Apollo Investment Corp. (NASDAQ: AINV), Gramercy Property Trust Inc (NYSE: GPT), DiamondRock Hospitality Company (NYSE: DRH), Ryman Hospitality Properties, Inc. (NYSE: RHP) and New Residential Investment Corp (NYSE: NRZ). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3077-100free.
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Apollo Investment Corp. Analyst Notes
On May 20, 2014, Apollo Investment Corp. (Apollo Investment) reported its Q4 FY 2014 and FY 2014 financial results (period ended March 31, 2014). Q4 FY 2014 net investment income per share for the quarter remained at $0.22 per share, flat as compared to Q3 FY 2014. Net asset value per share as on March 31, 2014 was reported to be $8.67, compared with $8.57 and $8.27 as at December 31, 2013 and March 31, 2013, respectively. The Company invested $986 million and $2.8 billion in Q4 FY 2014 and FY 2014, respectively. Diluted EPS for FY 2014 came in at $1.18, as compared to $0.51 in FY 2013. James Zelter, Apollo Investment CEO, said, "Investment activity for the quarter focused on primary market secured debt opportunities and on our specialty verticals. We also utilized the strength in the markets to monetize select higher risk positions." The full analyst notes on Apollo Investment are available to download free of charge at:
http://www.analystsreview.com/AINV.pdf/Register
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Gramercy Property Trust Inc Analyst Notes
On May 21, 2014, Gramercy Property Trust Inc (Gramercy Property Trust) announced the acquisition of three properties approximately 423,000 square feet for aggregate purchase price of approximately $39.6 million in separate transactions. The first property is approximately 309,000 square foot packaging and distribution facility located in Elk Grove Village, Illinois. The second property, measuring 89,000 square foot, is located in Nashville, Tennessee while the third is an approximately 25,000 square foot office and retail bank branch located in St. Louis, Missouri. The Company informed that the net operating income during the first year for the properties totals $2.8 million, with a weighted average lease term of approximately 11.5 years. The full analyst notes on Gramercy Property Trust are available to download free of charge at:
http://www.analystsreview.com/GPT.pdf/Register
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DiamondRock Hospitality Company Analyst Notes
On May 22, 2014, DiamondRock Hospitality Company (DiamondRock Hospitality) announced the prepayment of the $58.5 million senior mortgage loan on May 21, 2014, which was secured by the Allerton Hotel Chicago. The full analyst notes on DiamondRock Hospitality are available to download free of charge at:
http://www.analystsreview.com/DRH.pdf/Register
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Ryman Hospitality Properties, Inc. Analyst Notes
On May 22, 2014, Ryman Hospitality Properties, Inc. (Ryman Hospitality) announced that it will present at the 6th Annual Gabelli & Co. Movie & Entertainment Conference in New York on June 5, 2014 at 10:40 a.m. ET. Colin Reed, Chairman and CEO, will take part in an analyst-led discussion. The Company added that Mark Fioravanti, Executive Vice President and CFO, Steve Buchanan, Executive Vice President, Opry Entertainment Group, and Todd Siefert, Vice President of Corporate Finance and Treasurer, will also attend the conference. The presentation will be webcast live and can be accessed on the Company's Investor Relations site, while a replay will be made available one hour after the presentation and can be accessed for 90 days. The full analyst notes on Ryman Hospitality are available to download free of charge at:
http://www.analystsreview.com/RHP.pdf/Register
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New Residential Investment Corp Analyst Notes
On May 14, 2014, New Residential Investment Corp. (New Residential) reported its Q1 2014 financial results. For the quarter, net interest income increased 112.5% YoY to $32.5 million. GAAP income attributable to common stockholders registered $48.8 million or $0.19 per diluted share, compared with $81 million or $0.31 per diluted share in Q4 2013. Meanwhile, non-GAAP core earnings were $41.8 million, compared with $36.8 million during Q4 2013. The full analyst notes on New Residential are available to download free of charge at:
http://www.analystsreview.com/NRZ.pdf/Register
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