Companies in the Financial Sector Report Dividends, Financial Results, and Receive Recognitions - Analyst Notes on Glimcher, COPT, Primerica, GOV and Alexander & Baldwin Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Glimcher Realty Trust (NYSE: GRT), Corporate Office Properties Trust (NYSE: OFC), Primerica, Inc. (NYSE: PRI), Government Properties Income Trust (NYSE: GOV) and Alexander & Baldwin, Inc. (NYSE: ALEX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2370-100free.
Glimcher Realty Trust Analyst Notes
On May 7, 2014, Glimcher Realty Trust (GRT) announced that the Company Board of Trustees has declared a quarterly cash dividend on its common and preferred shares. According to GRT, a dividend of $0.10 per common share and $0.10 per operating partnership unit was declared. Additionally, the GRT Board of Trustees announced quarterly cash dividends of approximately $0.51, $0.47, and $0.43 per share per Series G, H, and I, preferred share of beneficial interest, respectively. The Company informed that all cash dividends will be payable on July 15, 2014, to shareholders of record as of June 30, 2014. The full analyst notes on Glimcher are available to download free of charge at:
Corporate Office Properties Trust Analyst Notes
On May 8, 2014, Corporate Office Properties Trust (COPT) announced that its Board of Trustees has declared a quarterly cash dividend of $0.28 per common share of beneficial interest for Q2 2014 . Additionally, COPT stated that its Board of Trustees has declared dividends of $0.47, $0.70, and $0.46 per share on its Series H Cumulative Redeemable Preferred Share, Series K Cumulative Redeemable Convertible Preferred Share, and Series L Cumulative Preferred Share, respectively. The Company informed that all dividends will be payable on July 15, 2015, to shareholders of record as of June 30, 2014. The full analyst notes on COPT are available to download free of charge at:
Primerica, Inc. Analyst Notes
On May 5, 2014, Primerica, Inc. (Primerica) reported its Q1 2014 financial results. The Company reported total revenues of $324.3 million in Q1 2014, up 8.7% YoY. Net income for Q1 2014 was $45.1 million or $0.81 per diluted share, compared to Q1 2013 net income of $38.8 million or $0.65 per diluted share. Commenting on the results, Chairman of the Board and Co-CEO, Rick Williams, stated, "We started the year strong with a 12% increase in net operating income led by a 29% increase in Investment and Savings Products net operating income. Diluted operating EPS grew by 20%, benefitting from 2013 share repurchases." Additionally, Chairman of Primerica Distribution, and Co-CEO, John Addison, stated, "We continued to see positive sales force trends with growth in the recruitment of new representatives, new life insurance licenses and the size of the life insurance licensed sales force compared with the first quarter a year ago." The full analyst notes on Primerica are available to download free of charge at:
Government Properties Income Trust Analyst Notes
On May 8, 2014, Government Properties Income Trust (GOV) announced that it has been recognized by the Institute for Market Transformation (IMT) along with the U.S. Department of Energy's (DOE) Better Buildings Alliance as an inaugural Green Lease Leader. According to the Company, the recognition is awarded to a select number of companies that effectively use leases as a tool to save energy in commercial buildings. On receiving this honor, the Company's President and COO, David Blackman, said, "At GOV, our views of and approach to energy efficiency, green building and other sustainability initiatives are uniquely aligned with those of our tenants, which primarily are federal and state government agencies. We are pleased that our commitment and approach to sustainability has been recognized by the IMT and DOE, and we will continue to expand our efforts in this area." The full analyst notes on GOV are available to download free of charge at:
Alexander & Baldwin, Inc. Analyst Notes
On May 8, 2014, Alexander & Baldwin, Inc. (Alexander & Baldwin) reported its Q1 2014 financial results. During the quarter, total revenues went up by 188.4% YoY to $94.9 million. Net income for Q1 2014 was $33.8 million or $0.68 per share, compared to net income for Q1 2013 of $5.0 million or $0.12 per diluted share. Commenting on the results, Alexander & Baldwin Chairman and CEO, Stanley M. Kuriyama, stated, "We're off to a solid start in 2014 with our Real Estate segments leading the way. Development & Sales posted a $50 million increase in operating profit over the first quarter of 2013 due primarily to the sale of Maui Mall, and Leasing is performing above earlier expectations." The full analyst notes on Alexander & Baldwin are available to download free of charge at:
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