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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