NEW YORK, May 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Bank of America Corporation (NYSE: BAC), Strategic Hotels & Resorts, Inc. (NYSE: BEE), LaSalle Hotel Properties (NYSE: LHO), Cousins Properties Inc. (NYSE: CUZ) and EastGroup Properties Inc. (NYSE: EGP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2734-100free.
Bank of America Corporation Analyst Notes
On May 16, 2014, Bank of America Corporation reported that Bank of America Merrill Lynch (BofA Merrill-marketing name for the global banking and markets business of the Company) Global Transaction Services (GTS) began its participation in the Shanghai Free Trade Zone (FTZ) USD cash management pilot program with U.S.-based TRW Automotive (TRW) that mandated BofA Merrill for a treasury management solution. BofA Merrill, along with TRW, was joined by senior officials from the Shanghai FTZ, the State Administration of Foreign Exchange (SAFE) and the People's Bank of China (PBOC) to sign a memorandum of understanding indicating participation in the pilot program and to enter into a Foreign Currency Cross-Border Cash Management Services agreement to facilitate the execution of USD cross-border sweeping structures. The full analyst notes on Bank of America are available to download free of charge at:
Strategic Hotels & Resorts, Inc. Analyst Notes
On May 7, 2014, Strategic Hotels & Resorts, Inc. (SHR) reported its Q1 2014 financial results with total revenues up 7.4% YoY to $194.7 million. Q1 2014 net income attributable to common shareholders was $217.2 million or $0.97 per diluted share, compared to Q1 2013 net loss attributable to common shareholders of $23.5 million or $0.12 per diluted share. Chairman and CEO, Raymond L. "Rip" Gellein, stated, "Our first quarter was highly productive from both an operating and transaction perspective. We experienced 6.3 percent RevPAR growth, which would have been approximately 9 percent when adjusted for displacement for several room renovation projects, and total RevPAR increased 9.2 percent on the strength of ancillary group revenue during the quarter." The Company revised its full year 2014 guidance for Total Revenue per Available Room (RevPAR) growth to 5.0% - 7.0% and Comparable FFO per fully diluted share to $0.57 - $0.67. The full analyst notes on SHR are available to download free of charge at:
LaSalle Hotel Properties Analyst Notes
On May 16, 2014, LaSalle Hotel Properties' stock went up by 1.98%, closing the day at $32.46. Although, over the past three-day trading period, the Company's stock slipped by 0.46% compared to the S&P 500 which declined by 1.03% during the same trading period. The full analyst notes on LaSalle Hotel Properties are available to download free of charge at:
Cousins Properties Inc. Analyst Notes
On May 6, 2014, Cousins Properties Inc. (Cousins) announced that Donna W. Hyland has been elected to the Company's Board of Directors as of May 6, 2014. According to the Company, Ms. Hyland is the President and CEO of Children's Healthcare of Atlanta, and has served in various positions with Children's since 1998, including the Chief Operating Officer and CFO positions. Commenting on the announcement, Larry Gellerstedt, Cousins President and CEO, stated, "Donna's deep business and financial experience will bring a valuable perspective to our Board. We are delighted that she agreed to join the Cousins team." The full analyst notes on Cousins are available to download free of charge at:
EastGroup Properties Inc. Analyst Notes
On May 14, 2014, EastGroup Properties Inc. (EastGroup Properties) announced the acquisition of Ridge Creek Distribution Center III located in Charlotte, North Carolina. The Company stated that it anticipates a total first year investment of approximately $15.2 million including capital improvements, leasing commissions and closing costs and projects a 7% annualized cash yield at a stabilized occupancy of 95%. EastGroup Properties President and CEO, David H. Hoster II, commented, "The acquisition of Ridge Creek III gives us a recently constructed asset with all the specifications users demand in a proven location for EastGroup. It increases our ownership in Charlotte to 2.6 million square feet with an additional 233,000 square feet under development in three buildings." The full analyst notes on EastGroup Properties are available to download free of charge at:
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review