Public Offering Pricing, New Product Offerings, Dividend Announcements, and Forthcoming Events - Analyst Notes on SIR, T. Rowe Price, Hartford, Host Hotels and Resorts and AvalonBay
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NEW YORK, May 20, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Select Income REIT (NYSE: SIR), T. Rowe Price Group Inc. (NASDAQ: TROW), Hartford Financial Services Group Inc. (NYSE: HIG), Host Hotels and Resorts Inc. (NYSE: HST) and AvalonBay Communities Inc. (NYSE: AVB). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2677-100free.
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Select Income REIT Analyst Notes
On May 14, 2014, Select Income REIT (SIR) announced the pricing of its public offering of 9.0 million common shares at a price of $29.00 per share to the public. In addition, SIR has granted its underwriters a 30-day option to purchase up to an additional 1.35 million common shares. According to the Company, the settlement of the offering is expected to be on May 20, 2014. Further, the Company plans to use the proceeds from the offering to repay amounts outstanding under its revolving credit facility and for general business purposes, including possible future acquisitions of properties. The full analyst notes on SIR are available to download free of charge at:
http://www.analystsreview.com/2677-SIR-20May2014.pdf
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T. Rowe Price Group Inc. Analyst Notes
On May 7, 2014, T. Rowe Price Group Inc. (T. Rowe Price) launched the Credit Opportunities Fund (PRCPX), building on the well-established investment process of its high yield franchise. T. Rowe Price informed that PRCPX will be managed by Paul Karpers, who has 19 years of investment experience and serves as portfolio manager for the T. Rowe Price Institutional High Yield Fund for U.S. institutional investors and the T. Rowe Price Funds SICAV-Global High Yield Bond Fund for non-U.S. institutions domiciled in qualifying jurisdictions. The fund will invest in a variety of credit-related instruments across the corporate capital structure and will follow the total return approach that aims to strike a balance between capital appreciation and income. The minimum initial investment in PRCPX is $2,500 or $1,000 for retirement accounts or gifts or transfers to minors (UGMA/UTMA) accounts. The full analyst notes on T. Rowe Price are available to download free of charge at:
http://www.analystsreview.com/2677-TROW-20May2014.pdf
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Hartford Financial Services Group Inc. Analyst Notes
On May 14, 2014, Hartford Financial Services Group Inc. (Hartford) announced that the Company will hold its Annual Meeting of Shareholders on May 21, 2014 at 12:30 p.m. EDT in Hartford, Connecticut. A live audio-cast of the meeting will be available on the Investor Relations website of Hartford. The full analyst notes on Hartford are available to download free of charge at:
http://www.analystsreview.com/2677-HIG-20May2014.pdf
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Host Hotels and Resorts Inc. Analyst Notes
On May 14, 2014, Host Hotels and Resorts Inc. (Host Hotels and Resorts) announced that the Company's Board of Directors has authorized a regular quarterly cash dividend of $0.15 per share on the Company's common stock. The dividend is payable on July 15, 2014, to stockholders of record on June 30, 2014. The aforementioned dividend represents a rise of 15.4% on a sequential basis. The full analyst notes on Host Hotels and Resorts are available to download free of charge at:
http://www.analystsreview.com/2677-HST-20May2014.pdf
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AvalonBay Communities Inc. Analyst Notes
AvalonBay Communities Inc. (AvalonBay) posted on the News, Events and Presentations section of its official website that the Company will host its Annual Shareholder Meeting on May 21, 2014, 9:00 a.m. EDT. Besides, the Company will also participate in the upcoming NAREIT's REITWeek Investor Forum to be held between June 3, 2014 and June 5, 2014. The full analyst notes on AvalonBay are available to download free of charge at:
http://www.analystsreview.com/2677-AVB-20May2014.pdf
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