Companies in the Financial Sector Report Quarterly Results and Cash Dividends - Research Report on Kimco, Capstead Mortgage, First Industrial, PS Business Parks, and Old National Bancorp
NEW YORK, November 4, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Kimco Realty Corporation (NYSE: KIM), Capstead Mortgage Corp. (NYSE: CMO), First Industrial Realty Trust Inc. (NYSE: FR), PS Business Parks Inc. (NYSE: PSB), and Old National Bancorp. (NASDAQ: ONB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Kimco Realty Corporation Research Report
On October 29, 2013, Kimco Realty Corporation (Kimco) released its Q3 2013 financial results. Total revenues were up by 8.4% YoY to $241.5 million during the quarter. Net income available to the Company's common shareholders was $41.2 million or $0.10 per diluted share in Q3 2013, compared to $27.1 million or $0.07 per diluted share in Q3 2012. Additionally, Kimco stated that its Board of Directors has declared and increased its quarterly cash dividend by 7.1% to $0.23 per common share payable on January 15, 2014, to shareholders of record as of January 2, 2014, representing an ex-dividend date of December 30, 2013. The Full Research Report on Kimco Realty Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5bf9_KIM]
Capstead Mortgage Corp. Research Report
On October 23, 2013, Capstead Mortgage Corp. (Capstead Mortgage) released its Q3 2013 financial results. The Company reported net income of $24.7 million or $0.23 per diluted share during the quarter, compared to net income of $40.0 million or $0.35 per diluted share in Q3 2012. Commenting on the results, Andrew F. Jacobs, President and CEO, stated, "We expect improved results in coming quarters as ARM mortgage prepayments recede and borrowing rates remain low by historical standards. We remain confident in our investment strategy of managing a conservatively leveraged portfolio of agency-guaranteed residential ARM securities that can produce attractive risk-adjusted returns over the long term while reducing, but not eliminating, sensitivity to changes in interest rates. With this strategy, Capstead is widely recognized as the most defensively-positioned residential mortgage REIT from an interest rate and credit risk perspective." The Full Research Report on Capstead Mortgage Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/bc81_CMO]
First Industrial Realty Trust Inc. Research Report
On October 24, 2013, First Industrial Realty Trust Inc. (First Industrial Realty Trust) released its Q3 2013 financial results. Net income attributable to the Company's stockholders and participating securities for Q3 2013 was $5.0 million or $0.05 per diluted share, compared to $4.2 million or $0.04 per diluted share in Q3 2012. Bruce W. Duncan, the Company's President and CEO stated, "The industrial market continues to exhibit positive net absorption of space, and new construction remains limited relative to historical levels. Tenants and prospects are actively seeking space for growth and efficiency gains, and we are positioned to serve their needs and increase our portfolio occupancy and cash flow." The Full Research Report on First Industrial Realty Trust Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e1e4_FR]
PS Business Parks Inc. Research Report
On October 28, 2013, PS Business Parks Inc. (PS Business Parks) released its Q3 2013 financial results. Total operating revenues were up 3.2% YoY to $89.9 million during the quarter. Net income came in at $26.8 million or $0.37 per diluted share in Q3 2013, compared to net income of $23.7 million or $0.21 per diluted share in Q3 2012. Additionally, the Company also announced that its Board of Directors declared a quarterly dividend of $0.44 per common share, payable on December 30, 2013, to shareholders of record as of December 13, 2013. The Full Research Report on PS Business Parks Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/2f63_PSB]
Old National Bancorp. Research Report
On October 28, 2013, Old National Bancorp. (Old National) released its Q3 2013 financial results. Total revenues were $130.1 million, reflecting an increase of 0.3% YoY in Q3 2013. The Company reported net income of $23.9 million or $0.23 per diluted share during the quarter, compared to net income of $28.5 million or $0.28 per diluted share in Q3 2012. Reflecting on the quarter's performance, Daryl Moore, Old National's Chief Credit Officer, said, "With regard to our overall credit metrics, this was another very strong quarter for Old National. I'm especially pleased at our continued progress in reducing net charge-offs, which were at an industry low for the quarter." The Full Research Report on Old National Bancorp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/0ab4_ONB]
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