NEW YORK, August 1, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please
scroll to bottom.
Today, Investors' Reports announced new research reports
highlighting American Capital Agency Corp. (NASDAQ: AGNC), Post
Properties Inc. (NYSE: PPS), Plum Creek Timber Co. Inc. (NYSE:
PCL), New Residential Investment Corp. (NYSE: NRZ), and Equity
LifeStyle Properties, Inc. (NYSE: ELS). Today's readers may access
these reports free of charge - including full price targets,
industry analysis and analyst ratings - via the links below.
American Capital Agency Corp. Research
Report
On July 29, 2013, American Capital
Agency Corp. (AGNC) released its Q2 2013 financial results. The
Company reported a comprehensive loss of $939 million or $2.37 per common share in Q2 2013, as compared to
comprehensive loss of $560 million or
$1.57 per common share in Q2 2012.
Net Book value per common share stood at $25.5 as compared to $29.4 in Q2 2012. Gary
Kain, AGNC President and Chief Investment Officer, stated,
"The second quarter was characterized by extreme volatility in both
interest rates and mortgage spreads. We reduced the size of our
asset portfolio, adjusted our asset composition to be more
consistent with a higher rate environment, and materially increased
the duration of our hedges. As a result of these actions and
evolving market conditions, our exposure to higher rates is lower
than it has been in years and our 'pay-up' risk is now minimal."
The Full Research Report on American Capital Agency Corp. -
including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-29/AGNC]
--
Post Properties Inc. Research
Report
On July 29, 2013, Post Properties
Inc. (Post Properties) reported its Q2 2013 financial results.
Total revenue increased 10.1% YoY to $90.5
million. Net income available to common shareholders was
$26.6 million or $0.48 per diluted share in Q2 2013, compared to
$20.2 million or $0.37 per diluted share in Q2 2012. Funds from
operations (FFO) stood at $47.9
million or $0.87 per diluted
share, compared to $39.7 million or
$0.73 per diluted share in Q2 2012.
Post Properties 2013 same store outlook includes revenue
growth estimates of 4.25% - 4.72%, net operating income estimates
of 4.0% - 5.0%, and operating expenses estimates of 4.25% - 4.75%.
The Company also expects 2013 FFO to range between $2.93 and $3.03 per diluted share. The Full
Research Report on Post Properties Inc.- including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.investorsreports.com/report/2013-07-29/PPS]
--
Plum Creek Timber Co. Inc. Research
Report
On July 29, 2013, Plum Creek
Timber Co. Inc. (Plum Creek) reported its Q2 2013 financial
results. Total revenue increased 1.9% YoY to $643 million. Net income was $102 million or $0.62 per diluted share in Q2 2013, compared to
net income of $65 million or
$0.40 per diluted share in Q2 2012.
Rick Holley, CFO, said, "Each of our
business segments performed well during the second quarter. We are
experiencing fundamental demand improvement and better pricing;
although, we remain in the very early stages of the housing
recovery. As the industry adjusts to this change in the demand
environment, regional markets we serve are recovering at different
rates. This is when our unmatched, geographic diversity gives us
tremendous operating flexibility. It allows us to act and
capitalize on strong local markets, growing earnings and cash flow
while maximizing the long-term value of our asset base." The Full
Research Report on Plum Creek Timber Co. Inc. - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-29/PCL]
--
New Residential Investment Corp.
Research Report
On July 19, 2013, New Residential
Investment Corp. (New Residential) announced that on July 18, 2013, it completed an additional closing
of excess mortgage servicing rights (MSR), which the Company agreed
to acquire as part of the previously announced transaction between
Nationstar Mortgage LLC (Nationstar) and Bank of America. According
to the Company, the closing relates to the loans that are owned,
insured or guaranteed by Ginnie Mae
with an unpaid principal balance of about $34 billion. The Company stated that it invested
approximately $65 million, net of a
basic fee paid to Nationstar, to purchase the right to receive
one-third of the monthly cash flow generated by the MSRs. The Full
Research Report on New Residential Investment Corp. - including
full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-29/NRZ]
--
Equity LifeStyle Properties, Inc.
Research Report
On July 22, 2013, Equity LifeStyle
Properties, Inc. (ELS) reported its Q2 2013 financial results.
Total revenue increased 5.0% YoY to $176.8
million. Net income available for common stockholders was
$17.9 million or $0.21 per diluted share in Q2 2013, compared to a
net income of $2.1 million or
$0.02 per diluted share in Q2 2012.
The Company's property operating revenues for Q2 2013 increased to
$169.5 million from $163.8 million in Q2 2012. Normalized Funds from
Operations increased to $52.3
million, or $0.57 per diluted
share, compared to $47.8 million, or
$0.53 per diluted share, in Q2 2012.
Funds from Operations stood at $50.8
million, or $0.56 per diluted
share, compared to $47.8 million, or
$0.53 per common share, in Q2 2012.
The Full Research Report on Equity LifeStyle Properties, Inc. -
including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-29/ELS]
----
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