Survey Results, Earnings Call Schedules, Portfolio Fund Updates, and Credit Facility Amendments - Analyst Notes on State Street, Host Hotels & Resorts, Equity Residential, T. Rowe and ARCP
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NEW YORK, July 3, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding State Street Corp. (NYSE: STT), Host Hotels & Resorts Inc. (NYSE: HST), Equity Residential (NYSE: EQR), T. Rowe Price Group, Inc. (NASDAQ: TROW) and American Realty Capital Properties, Inc. (NASDAQ: ARCP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4406-100free.
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State Street Corp. Analyst Notes
On June 27, 2014, State Street Corp. (State Street) announced that according to its report entitled "Frontline Revolution: The New Battleground for Asset Managers", 84% of Australian managers are planning to start on a fundamental shift in business strategy in a move to boost capabilities in order to meet the changing needs of clients. State Street stated that the global survey covered 300 senior executives at asset management firms across Asia Pacific, North America and Europe. The report also found that 77% of managers surveyed see greater opportunities for industry acquisitions over the next 12 months. Further, according to the survey, Australia's asset managers are not only looking into merger and acquisition activities for the next year, but are also eager in diversifying into overseas investments. The full analyst notes on State Street are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/STT/report.pdf
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Host Hotels & Resorts Inc. Analyst Notes
On June 30, 2014, Host Hotels & Resorts Inc. (Host Hotels & Resorts) announced that it will report its Q2 2014 financial results on Thursday, July 31, 2014, before the market opens. The Company informed that it will also host a conference call on the same day at 10:00 a.m. ET where its management will review the results and share its business outlook for the remainder of the year. Host Hotels & Resorts stated that the live webcast of the call and replay of the same till August 28, 2014 will be available at the Company's website. The full analyst notes on Host Hotels & Resorts are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/HST/report.pdf
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Equity Residential Analyst Notes
On June 27, 2014, Equity Residential announced that it is set to release its Q2 2014 operating results on Tuesday, July 29, 2014, after the market closes. In addition, the Company will hold a conference call on the following day, July 30, 2014 at 10:00 a.m. CT to discuss the results. The Company informed that the conference call will be available via webcast on the Investor Section of its website. The full analyst notes on Equity Residential are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/EQR/report.pdf
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T. Rowe Price Group, Inc. Analyst Notes
On June 30, 2014, T. Rowe Price Group, Inc. (T. Rowe) announced that it closed its Capital Appreciation Fund and other similar portfolios for institutional clients, in order to maintain the integrity of the fund's investment strategy and to protect the interests of existing shareholders. The Company added that although the fund is closed to new investors, additional investments from existing fund shareholders and direct rollovers from qualified retirement plans into new T. Rowe Price IRAs will still be accepted. T. Rowe Price Capital Appreciation Fund's Portfolio Manager David Giroux commented, "The market has experienced a significant rally over the past five years and the Capital Appreciation Fund's assets have risen considerably, due to both market appreciation and inflows. If flows were to continue at this pace, it could eventually strain our ability to invest efficiently and result in a less effective investment strategy." The full analyst notes on T. Rowe are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/TROW/report.pdf
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American Realty Capital Properties, Inc. Analyst Notes
On June 30, 2014, American Realty Capital Properties, Inc. (ARCP) announced that it has amended and extended its unsecured credit facility, reflective of the Company's investment grade status. The Company informed that it accepted total commitments amounting to $4.6 billion for the amended credit facility, and extended the term to four years until June 30, 2018, with the right to extend the term for an additional one year. ARCP President David S. Kay commented, "The amendments to the credit facility enhance ARCP's flexibility to manage its real estate portfolio, eliminate short-term debt maturities, further strengthen its liquidity and reduce its cost of debt." According to ARCP, loans under the revised facility will initially be priced with an applicable margin of 135 basis points for LIBOR revolving loans and 160 basis points for LIBOR term loans. The full analyst notes on ARCP are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/ARCP/report.pdf
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