Financial Results, Quarterly Dividends, and Expiration of Exchange Offers - Research Report on Ventas, HCP, American Equity, Arthur J Gallagher, and Sabra Health Care REIT
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NEW YORK, October 31, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Ventas, Inc. (NYSE: VTR), HCP, Inc. (NYSE: HCP), American Equity Investment Life Holding Co. (NYSE: AEL), Arthur J Gallagher & Co. (NYSE: AJG) and Sabra Health Care REIT, Inc. (NASDAQ: SBRA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Ventas, Inc. Research Report
On October 25, 2013, Ventas, Inc. (Ventas) reported its Q3 2013 financial results with total revenues of $712.4 million, representing an increase of 11.5% YoY. Net income attributable to common stockholders came in at $118.3 million or $0.40 per diluted share, compared with $111.9 million or $0.38 per diluted share in Q3 2012. Normalized Funds from Operations (FFO) during the quarter stood at $307.2 million, as against $284.9 million in Q3 2012. Ventas Chairman and CEO Debra A. Cafaro commented, "Ventas delivered another quarter of record results by assertively investing capital, raising capital and managing our diverse, high-quality portfolio of seniors housing and healthcare assets. We also positioned Ventas to succeed in the future by maintaining strong liquidity through a highly successful bond issuance, by acquiring over a billion dollars in higher growth private pay assets, and by completing favorable lease extensions with our valued tenant Kindred Healthcare." For full-year 2013, Ventas now anticipates its normalized FFO per diluted share to range between $4.12 and $4.14, as against its prior guidance of $4.06 to $4.10 per diluted share. The Full Research Report on Ventas, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/3b95_VTR]
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HCP, Inc. Research Report
On October 24, 2013, HCP, Inc. (HCP) announced that its Board of Directors has declared a quarterly common stock cash dividend of c.$0.53 per share, which will be payable on November 19, 2013 to stockholders of record as of the close of business on November 4, 2013. The Full Research Report on HCP, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/6c26_HCP]
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American Equity Investment Life Holding Co. Research Report
On October 22, 2013, American Equity Investment Life Holding Co. (American Equity) announced the expiration and final results of its formerly reported exchange offers to purchase for cash and newly issued shares of its common stock, any and all of its $200 million principal amount of outstanding 3.50% Convertible Senior Notes due by 2015 (the 2015 Notes) along with any and all of its $115.8 million principal amount of outstanding 5.25% Contingent Convertible Senior Notes due by 2029 (the 2029 Notes). The Company stated that the exchange offers expired at 12:00 midnight, NYCT, at the end of October 21, 2013 (the Expiration Date). American Equity informed that as of the expiration of the Exchange Offers, $72.3 million in aggregate principal amount of 2015 Notes and $29.6 million in aggregate principal amount of 2029 Notes were validly tendered and not properly withdrawn. The Full Research Report on American Equity Investment Life Holding Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/53f4_AEL]
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Arthur J Gallagher & Co. Research Report
On October 23, 2013, Arthur J Gallagher & Co. (Arthur J Gallagher) declared a regular quarterly cash dividend of $0.35 per share on the Common Stock of the Company, payable on December 20, 2013 to stockholders of record as of December 4, 2013. The Full Research Report on Arthur J Gallagher & Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/66ae_AJG]
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Sabra Health Care REIT, Inc. Research Report
On October 23, 2013, Sabra Health Care REIT, Inc. (Sabra) announced Q3 2013 financial results with revenues at $32.9 million, up 26.5% YoY. Normalized FFO for the quarter came in at $17.9 million or $0.47 per diluted share, compared with $13.2 million or $0.35 per diluted share in Q3 2012. Sabra added that during Q3 2013, the Company entered into an agreement to provide up to $66.8 million of construction financing to FPMC Fort Worth Realty Partners, LP (Forest Park - Fort Worth) for the construction of a 54-bed acute care hospital located in Fort Worth, Texas. Rick Matros, CEO and Chairman, commented, "Following quarter end, we completed our biggest investments to date as delineated in yesterday's announcement. Our investment in three Forest Park Medical Center hospitals goes a long way to diversifying Sabra's tenant base and concentration in skilled nursing. We also believe that these hospitals are well-positioned in the context of health care reform." Further, Sabra's Board of Directors declared a quarterly cash dividend of $0.34 per share of common stock, payable to stockholders of record as of the close of business on November 15, 2013 on November 29, 2013. The Full Research Report on Sabra Health Care REIT, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/6ee4_SBRA]
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