Financial Results, Revised Capital Plans, Dividends, and Stock Movements - Analyst Notes on Digital Realty, CBS Outdoor Americas, Columbia Property Trust, Doral Financial and Encore
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 14, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Digital Realty Trust Inc. (NYSE: DLR), CBS Outdoor Americas Inc. (NYSE: CBSO), Columbia Property Trust, Inc (NYSE: CXP), Doral Financial Corp. (NYSE: DRL) and Encore Capital Group, Inc. (NASDAQ: ECPG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2416-100free.
--
Digital Realty Trust Inc. Analyst Notes
On May 6, 2014, Digital Realty Trust Inc. (Digital Realty) reported its Q1 2014 financial results. Operating revenues for Q1 2014 went up by 9.0% YoY to $390.6 million. Net income available to common stockholders for Q1 2014 was $34.2 million or $0.26 per diluted share, compared to $42.7 million or $0.34 per diluted share in Q1 2013. Digital Realty Interim CEO, Bill Stein, stated, "We signed new leases totaling $47 million of annualized GAAP rental revenue, including a $12 million direct lease with a former sub-tenant, during what is typically a seasonally-slow leasing quarter. Our mid-market initiative continues to gain traction, and we signed over $4 million of colocation revenue during the first quarter. Pricing is generally stable-to-slightly-improving across product types and regions. We are pleased by the strong underlying demand, consistent leasing execution and gradually improving data center fundamentals." The full analyst notes on Digital Realty are available to download free of charge at:
http://www.analystsreview.com/2416-DLR-14May2014.pdf
--
CBS Outdoor Americas Inc. Analyst Notes
On May 9, 2014, CBS Outdoor Americas Inc.'s (CBS Outdoor Americas) stock went up by 3.05%, closing the day at $31.41. Over the past one month, the Company's stock went up by 6.11% compared to the Dow Jones Industrial Average which gained 0.89% during the same trading period. The full analyst notes on CBS Outdoor Americas are available to download free of charge at:
http://www.analystsreview.com/2416-CBSO-14May2014.pdf
--
Columbia Property Trust, Inc Analyst Notes
On May 9, 2014, Columbia Property Trust, Inc.'s (Columbia Property Trust) Board of Directors declared a regular quarterly cash dividend. According to the Company, a dividend of $0.30 per share, or $1.20 per share on an annualized basis, was declared for Q2 2014. Additionally, the Company stated that the dividend is payable on June 17, 2014, to Columbia Property Trust shareholders of record on June 2, 2014. The full analyst notes on Columbia Property Trust are available to download free of charge at:
http://www.analystsreview.com/2416-CXP-14May2014.pdf
--
Doral Financial Corp. Analyst Notes
On May 1, 2014, Doral Financial Corp. (Doral Financial) announced that it is in the process of developing a revised capital plan intended to enable the Company to remain in compliance with the requirements of its regulators. According to the Company, the revised plan is intended to address a recent determination by the Federal Deposit Insurance Corporation (FDIC) regarding the treatment of tax receivables from the Government of Puerto Rico, among other things. Doral Financial CEO and President, Glen Wakeman, commented, "In response to the latest regulatory developments, we are now in the process of developing a revised capital plan, which may include a sale of certain performing and non-performing assets and businesses and a modification of our capital structure, in an effort to adequately meet the requirements of our regulators." The full analyst notes on Doral Financial are available to download free of charge at:
http://www.analystsreview.com/2416-DRL-14May2014.pdf
--
Encore Capital Group, Inc. Analyst Notes
On May 8, 2014, Encore Capital Group, Inc. (Encore) reported its Q1 2014 financial results. The Company's Q1 2014 total revenue increased 75.5% YoY to $253.7 million. Q1 2014 net income attributable to Encore was $23.2 million or $0.82 per diluted share, compared to Q1 2013 net income attributable to Encore of $19.4 million or $0.80 per diluted share. Commenting on the results, Encore President and CEO, Ken Vecchione, stated, "Encore delivered strong first quarter financial performance. This quarter, we grew collections by nearly 50 percent, posted record Economic EPS, and grew our Estimated Remaining Collections to nearly $4.8 billion." He continued, "Taken together, these results show that we are continuing to deliver on our commitment to drive earnings growth and increase shareholder value, as well as to solidify our status as a leading international specialty finance company." The full analyst notes on Encore are available to download free of charge at:
http://www.analystsreview.com/2416-ECPG-14May2014.pdf
--
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
AnalystsReview.com
SOURCE Analysts Review
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article