|By PR Newswire||
|July 19, 2013 08:01 AM EDT||
NEW YORK, July 19, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting DDR Corp (NYSE: DDR), Hospitality Properties Trust (NYSE: HPT), Tanger Factory Outlet Centers Inc. (NYSE: SKT), Sun Communities Inc (NYSE: SUI), and Colonial Properties Trust Inc (NYSE: CLP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
DDR Corp Research Report
On July 1, 2013, DDR Corp. (DDR) announced that, during Q2 2013, it had completed the acquisition of its joint venture partner's 85% interest in five prime power centers located in Atlanta, Tampa and Richmond, all in Georgia, for $94 million. During the same period, DDR disposed $64 million of non-prime assets, of which the Company's share was $60 million. The Company expects that these transactions will allow it to further enhance its portfolio quality as well as simplify the Company's structure. The investments were funded with proceeds from asset sales and the issuance of common equity. DDR issued 2.5 million new common shares during Q2 2013 at an average price of $17.83, generating gross proceeds of $45 million. These prime power centers were unencumbered at the time of acquisition, and will be included in the Company's high quality unencumbered asset pool. "Consistent with our strategic goals, these acquisitions and dispositions increase our exposure to high credit quality tenants located at prime power centers in major markets," said David J. Oakes, President and Chief Financial Officer of DDR. The Full Research Report on DDR Corp - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-17/DDR]
Hospitality Properties Trust Research Report
On July 10, 2013, Hospitality Properties Trust (HPT) announced a regular quarterly common share distribution of $0.47 per common share ($1.88 per share per year). This distribution will be paid on or about August 23, 2013 to HPT's common shareholders of record as of the close of business on July 26, 2013. The previous regular quarterly dividend on Series D Cumulative Redeemable Preferred Shares was approximately $0.45 per share, which was paid on July 15, 2013 to the shareholders of record at the close of business on June 28, 2013. HPT is a real estate investment trust, or REIT, headquartered in Newton, Massachusetts which owns, as on the date of the release, 290 hotels and 185 travel centers located in 44 states, Puerto Rico and Canada. The Full Research Report on Hospitality Properties Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-17/HPT]
Tanger Factory Outlet Centers Inc. Research Report
On July 11, 2013, Tanger Factory Outlet Centers, Inc. (Tanger) announced today that its Board of Directors has declared a quarterly dividend of $0.23 per share for Q2 2013 (period ended June 30, 2013). The cash dividend will be payable on August 15, 2013 to holders of record as on July 30, 2013. Since May 1993, when Tanger became a public company, it has paid a cash dividend each quarter and has increased its dividend each year. In addition, Tanger also announced on June 13, 2013 that its financial results for Q2 2013 will be released on Tuesday, July 30, 2013 after the market close. The Company will host its conference call for analysts, investors, and other interested parties on Wednesday, July 31, 2013 at 10:00 a.m. ET. The Full Research Report on Tanger Factory Outlet Centers Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-17/SKT]
Sun Communities Inc. Research Report
On July 10, 2013, a Bloomberg report revealed that Sun Communities Inc.'s (Sun) parent company Sun International Ltd. (Sun International) has announced plans to build a 3 billion-rand ($299 million) complex, which is pending due to a license transfer approval. In a statement released after the market closed yesterday, Sun International said that it is applying to the Gauteng Gambling Board to relocate a casino to Menlyn, east of Pretoria. Gauteng is the commercial hub of Africa's biggest economy and includes Johannesburg and Pretoria. If the application is approved, Sun International will go ahead with the 3 billion-rand entertainment complex that includes a casino, hotel, conference center, and entertainment arena. The Full Research Report on Sun Communities Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-17/SUI]
Colonial Properties Trust Inc Research Report
On July 8, 2013, Colonial Properties Trust (Colonial), announced its Board of Trustees has approved a quarterly common dividend of $0.21 per share for Q3 2013 payable July 31, 2013, to shareholders of record as of July 19, 2013, representing an ex-dividend date of July 17, 2013. Colonial also announced plans to issue its Q2 2013 earnings before the market opens on Thursday, August 1, 2013. The Company will host a conference call the same day at 1:30 p.m. CT. A replay of the conference call will also be available through August 14, 2013. The live broadcast of Colonial's quarterly conference call will be available online, on a listen-only basis, at the Investors section of the Company's website, under Corporate Overview or Press Releases in the Event Calendar section. The online replay will follow shortly after the call and continue to be available for approximately 60 days. The Full Research Report on Colonial Properties Trust Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-17/CLP]
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