Participations, Financial Results, Acquisitions, and New Board Members - Analyst Notes on Bank of America, SHR, LaSalle Hotel Properties, Cousins and EastGroup Properties

NEW YORK, May 21, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Bank of America Corporation (NYSE: BAC), Strategic Hotels & Resorts, Inc. (NYSE: BEE), LaSalle Hotel Properties (NYSE: LHO), Cousins Properties Inc. (NYSE: CUZ) and EastGroup Properties Inc. (NYSE: EGP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2734-100free.

Bank of America Corporation Analyst Notes
On May 16, 2014, Bank of America Corporation reported that Bank of America Merrill Lynch (BofA Merrill-marketing name for the global banking and markets business of the Company) Global Transaction Services (GTS) began its participation in the Shanghai Free Trade Zone (FTZ) USD cash management pilot program with U.S.-based TRW Automotive (TRW) that mandated BofA Merrill for a treasury management solution. BofA Merrill, along with TRW, was joined by senior officials from the Shanghai FTZ, the State Administration of Foreign Exchange (SAFE) and the People's Bank of China (PBOC) to sign a memorandum of understanding indicating participation in the pilot program and to enter into a Foreign Currency Cross-Border Cash Management Services agreement to facilitate the execution of USD cross-border sweeping structures. The full analyst notes on Bank of America are available to download free of charge at:

http://www.analystsreview.com/2734-BAC-21May2014.pdf

Strategic Hotels & Resorts, Inc. Analyst Notes
On May 7, 2014, Strategic Hotels & Resorts, Inc. (SHR) reported its Q1 2014 financial results with total revenues up 7.4% YoY to $194.7 million. Q1 2014 net income attributable to common shareholders was $217.2 million or $0.97 per diluted share, compared to Q1 2013 net loss attributable to common shareholders of $23.5 million or $0.12 per diluted share. Chairman and CEO, Raymond L. "Rip" Gellein, stated, "Our first quarter was highly productive from both an operating and transaction perspective. We experienced 6.3 percent RevPAR growth, which would have been approximately 9 percent when adjusted for displacement for several room renovation projects, and total RevPAR increased 9.2 percent on the strength of ancillary group revenue during the quarter." The Company revised its full year 2014 guidance for Total Revenue per Available Room (RevPAR) growth to 5.0% - 7.0% and Comparable FFO per fully diluted share to $0.57 - $0.67. The full analyst notes on SHR are available to download free of charge at:

http://www.analystsreview.com/2734-BEE-21May2014.pdf

LaSalle Hotel Properties Analyst Notes
On May 16, 2014, LaSalle Hotel Properties' stock went up by 1.98%, closing the day at $32.46. Although, over the past three-day trading period, the Company's stock slipped by 0.46% compared to the S&P 500 which declined by 1.03% during the same trading period. The full analyst notes on LaSalle Hotel Properties are available to download free of charge at:

http://www.analystsreview.com/2734-LHO-21May2014.pdf

Cousins Properties Inc. Analyst Notes
On May 6, 2014, Cousins Properties Inc. (Cousins) announced that Donna W. Hyland has been elected to the Company's Board of Directors as of May 6, 2014. According to the Company, Ms. Hyland is the President and CEO of Children's Healthcare of Atlanta, and has served in various positions with Children's since 1998, including the Chief Operating Officer and CFO positions. Commenting on the announcement, Larry Gellerstedt, Cousins President and CEO, stated, "Donna's deep business and financial experience will bring a valuable perspective to our Board. We are delighted that she agreed to join the Cousins team." The full analyst notes on Cousins are available to download free of charge at:

http://www.analystsreview.com/2734-CUZ-21May2014.pdf

EastGroup Properties Inc. Analyst Notes
On May 14, 2014, EastGroup Properties Inc. (EastGroup Properties) announced the acquisition of Ridge Creek Distribution Center III located in Charlotte, North Carolina. The Company stated that it anticipates a total first year investment of approximately $15.2 million including capital improvements, leasing commissions and closing costs and projects a 7% annualized cash yield at a stabilized occupancy of 95%. EastGroup Properties President and CEO, David H. Hoster II, commented, "The acquisition of Ridge Creek III gives us a recently constructed asset with all the specifications users demand in a proven location for EastGroup. It increases our ownership in Charlotte to 2.6 million square feet with an additional 233,000 square feet under development in three buildings." The full analyst notes on EastGroup Properties are available to download free of charge at:

http://www.analystsreview.com/2734-EGP-21May2014.pdf

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