Stock Price Updates, Notes Offerings, and Dividend Distributions - Research Report on American Capital Agency, Equity Residential, AvalonBay Communities, Essex Property and Mid-America Apartment
NEW YORK, December 11, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting American Capital Agency Corp. (NASDAQ: AGNC), Equity Residential (NYSE: EQR), AvalonBay Communities Inc. (NYSE: AVB), Essex Property Trust Inc. (NYSE: ESS), and Mid-America Apartment Communities Inc. (NYSE: MAA). 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 December 6, 2013, American Capital Agency Corp.'s stock edged down 0.92% as it closed the day's session at $19.28. For the past three trading days, the Company's stock edged down 2.82%, compared to the Nasdaq Composite Index, which ended 0.63% lower, during the same trading period. 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:
Equity Residential Research Report
On December 6, 2013, Equity Residential's stock increased 1.03%, closing the day's session at $53.16. During the previous three trading days, the Company's stock gained 2.21%, compared to the S&P500, which ended 0.55% higher, over the same three trading days. The Full Research Report on Equity Residential - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
AvalonBay Communities Inc. Research Report
On December 5, 2013, AvalonBay Communities Inc. (AvalonBay Communities) announced that it has priced a $350 million offering of unsecured 4.200% Medium Term Notes (the Notes) with a maturity of December 15, 2023. The Company reported that it expects to use a portion of the net proceeds from the sale of the Notes to repay three currently outstanding secured debt financings balance of c.$302.0 million owed to Fannie Mae and to incur prepayment penalties of c.$14.9 million. Additionally, AvalonBay Communities informed that the interest on the Notes will be paid semi-annually on June 15, 2013 and on December 15, 2013, while settlement is scheduled for December 16, 2013.The Full Research Report on AvalonBay Communities Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Essex Property Trust Inc. Research Report
On December 5, 2013, Essex Property Trust Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $1.21 per common share, payable on January 15, 2014, to shareholders of record as of January 2, 2014. Additionally, the Company's Board of Directors has declared regular quarterly distributions for its Series G preferred shares, in the amount of c.$0.30 per share, payable on January 31, 2014, to shareholders of record as of January 2, 2014, and for its Series H preferred shares, in the amount of c.$0.45 per share, payable on January 15, 2014, to shareholders of record as of January 2, 2014. The Full Research Report on Essex Property Trust Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Mid-America Apartment Communities Inc. Research Report
On December 3, 2014, Mid-America Apartment Communities Inc. (MAA) announced that the Company's Board of Directors has voted to increase the quarterly common dividend by 5% to $0.73 per share, quarterly, or $2.92 per share, annually. Commenting on the announcement, Eric Bolton, CEO of MAA stated, "As we approach our 20th year as a publicly traded company, we remain committed to our founding principles of operational strength and disciplined financial management that has allowed us to deliver a steady and growing dividend over 80 consecutive quarters." Additionally, the Company informed that the quarterly common dividend will be paid on January 31, 2014, to shareholders of record as of January 15, 2014. The Full Research Report on Mid-America Apartment Communities Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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