Property Acquisitions, Dividends, Fund Launches, and Appointments - Analyst Notes on W. P. Carey, PacWest Bancorp, MAA, JCG and First Horizon
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NEW YORK, June 2, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding W. P. Carey & Co. LLC (NYSE: WPC), PacWest Bancorp (NASDAQ: PACW), Mid-America Apartment Communities Inc. (NYSE: MAA), Janus Capital Group, Inc. (NYSE: JNS) and First Horizon National Corporation (NYSE: FHN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3195-100free.
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W. P. Carey & Co. LLC Analyst Notes
On May 28, 2014, Carey Watermark Investors Incorporated (CWI), non-traded REIT of W. P. Carey & Co. LLC (W. P. Carey), made an announcement informing the acquisition of the Courtyard Times Square West - a 27-story hotel constructed in 2013. According to the Company, CWI's total investment in the property, which is a 224-room select-service hotel located in the Times Square area of midtown Manhattan, is approximately $95 million. Commenting on the news, CWI CEO, Michael Medzigian, stated, "The acquisition of the Courtyard Times Square West represented the opportunity to invest in a newly built, high quality, select-service property with strong brand affiliation in one of the strongest domestic hotel markets. Given these attributes, we believe that the investment will be a solid cash flow-generating addition to our growing portfolio." The full analyst notes on W. P. Carey are available to download free of charge at:
http://www.analystsreview.com/WPC.pdf/Register
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PacWest Bancorp Analyst Notes
On May 14, 2014, the Board of Directors of PacWest Bancorp has declared a quarterly cash dividend of $0.25 per common share. According to the Company, the cash dividend is payable on June 5, 2014, to stockholders of record as of the close of business on May 27, 2014. The full analyst notes on PacWest Bancorp are available to download free of charge at:
http://www.analystsreview.com/PACW.pdf/Register
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Mid-America Apartment Communities Inc. Analyst Notes
On May 22, 2014, the Board of Directors of Mid-America Apartment Communities Inc. (MAA) has approved a quarterly common dividend of $0.73 per common share. According to the Company, the dividend is payable on July 31, 2014, to shareholders of record as of July 15, 2014. The Company informed that it is declaring the dividend ahead of the quarterly earnings announcement, which is expected to release on July 30, 2014. The full analyst notes on MAA are available to download free of charge at:
http://www.analystsreview.com/MAA.pdf/Register
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Janus Capital Group, Inc. Analyst Notes
On May 27, 2014, Janus Capital Group, Inc. (JCG) announced the launch of the Janus Unconstrained Bond Fund (JUCTX) that aims to maximize total returns, consistent with the preservation of capital. According to the release, the fund will be managed by Janus Capital Management LLC, one of the Company's three independent managers. Additionally, the JUCTX fund will be managed by Gibson Smith, CIO of Janus Fixed Income, and Darrell Watters, portfolio manager of the Janus Flexible Bond Fund. Commenting on the launch, Janus Fixed Income CIO, Gibson Smith, stated, "For more than 25 years, we have successfully managed our flagship Janus Flexible Bond Fund for clients by focusing on risk-adjusted returns and capital preservation. We are excited to extend our fundamental, bottom-up, credit-oriented approach to the Janus Unconstrained Bond Fund." The full analyst notes on JCG are available to download free of charge at:
http://www.analystsreview.com/JNS.pdf/Register
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First Horizon National Corporation Analyst Notes
On May 21, 2014, First Horizon National Corporation (First Horizon) announced that First Tennessee Bank (First Tennessee), a subsidiary of the Company, has hired John Lane as Executive Vice President and Manager of Energy Lending for the bank. According to the Company, Lane joins Gary Olander's team, First Tennessee Houston Market President. Commenting on the announcement, Olander, stated, "We are assembling a strong team of bankers who know the Houston market and how to build the long-term relationships First Tennessee specializes in. We welcome John on board because of his deep experience in energy lending in this market." The full analyst notes on First Horizon are available to download free of charge at:
http://www.analystsreview.com/FHN.pdf/Register
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