Refinancing Agreements, Cash Dividends, Financial Results, Philanthropic Initiative and Presentations - Research Report on Starwood Property Trust, Blackstone, First Horizon, DCT Industrial and KKR
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NEW YORK, November 6, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Starwood Property Trust, Inc. (NYSE: STWD), The Blackstone Group (NYSE: BX), First Horizon National Corporation (NYSE: FHN), DCT Industrial Trust Inc. (NYSE: DCT), and Kohlberg Kravis Roberts & Co. (NYSE: KKR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Starwood Property Trust, Inc. Research Report
On November 1, 2013, Starwood Property Trust, Inc. (SPT) announced that it has entered into an agreement with Almacantar, and Starwood European Real Estate Finance Limited (SEREFL) to refinance the existing loan at Centre Point, one of London's most iconic towers. According to the Company, under the terms of the agreement, SPT and SEREFL will provide Almacantar with a £220 million first mortgage loan. Commenting on the release, Jeff Dishner, President, and Senior Managing Director of Starwood Capital Group stated, "We are pleased to provide this financing facility to an institutional grade sponsor that has a unique vision and strategy in place to transform one of London's premier buildings. This loan further demonstrates our ability to source and secure compelling loan opportunities in prominent European cities." The Full Research Report on Starwood Property Trust, 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/338c_STWD]
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The Blackstone Group Research Report
On October 24, 2013, The Blackstone Group's (Blackstone) founder Stephen A. Schwarzman announced that $260 million has been raised for start-up expenses, construction costs and to endow Schwarzman Scholars, the elite international scholarship program in China, launched in April 2013. According to the Company, Schwarzman Scholars will be housed at Tsinghua University in Beijing, one of the most prestigious universities in China, dedicated to academic excellence and integrity and to the interaction between Chinese and Western cultures. Stephen A. Schwarzman stated, "Breaking ground on Schwarzman College and surpassing our fundraising expectations is an important milestone and speaks volumes about the positive international response to the program. The steps we have taken over the past six months have set Schwarzman Scholars on sound footing figuratively, financially, and programmatically." The Full Research Report on The Blackstone Group - 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/acf4_BX]
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First Horizon National Corporation Research Report
On October 22, 2013, First Horizon National Corporation (First Horizon) announced that the Company's Board of Directors has approved a quarterly cash dividend on its common stock of $0.05 per share. According to the Company, the dividend is payable on January 1, 2014, to common shareholders of record as of December 13, 2013. First Horizon's Board of Directors has also approved the payment of a quarterly cash dividend of $1,550.00 per share on the Company's Non-Cumulative Perpetual Preferred Stock, Series A, which equates to a cash dividend of c.$0.39 per depositary share, payable on January 10, 2014, to preferred shareholders of record as of December 26, 2013. The Full Research Report on First Horizon National Corporation - 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/87c5_FHN]
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DCT Industrial Trust Inc. Research Report
On October 31, 2013, DCT Industrial Trust Inc. (DCT Industrial) released its Q3 2013 financial results. Total revenues for Q3 2013 were up 20.6% YoY to $74.4 million. Net loss attributable to common stockholders was $10.2 million or $0.03 per diluted share in Q3 2013, compared to net income attributable of $7.5 million or $0.03 per diluted share in Q3 2012. Commenting on the results, Phil Hawkins, CEO of DCT Industrial stated, "We had a strong quarter across all aspects of our business. Operating performance is ahead of plan with nearly 93 percent occupancy and our market teams continue to source very attractive acquisition and development opportunities. We also successfully closed on the sale of our Mexico assets, allowing us to complete our exit from those markets and focus all our resources in the United States. We also sold all of our flex/high office finish assets in Dallas to continue upgrading the quality and consistency of our portfolio. In addition, we successfully executed our debut bond offering, further broadening our sources of capital and reinforcing the quality of our operating platform, property portfolio and balance sheet." The Full Research Report on DCT Industrial Trust 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/2d2d_DCT]
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Kohlberg Kravis Roberts & Co. Research Report
On October 29, 2013, Kohlberg Kravis Roberts & Co. (KKR) announced that the Company's CFO, William J. Janetschek, along with Craig Larson, Head of Investor Relations, will present at the Bank of America Merrill Lynch 2013 Banking & Financial Services Conference on Tuesday, November 12, 2013, at 11:20 a.m. EST. According to the Company, a live audio webcast of the presentation will be made available on the Investor Center section at KKR's website. The Full Research Report on Kohlberg Kravis Roberts & 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/a282_KKR]
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