NEW YORK, June 24, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting Weyerhaeuser Co. (NYSE: WH), American Tower Corporation (NYSE: AMT), Annaly Capital Management, Inc. (NYSE: NLY), Public Storage (NYSE: PSA), and Starwood Property Trust, Inc. (NYSE: STWD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Weyerhaeuser Co. Research Report
On June 18, 2013, Weyerhaeuser Co. (Weyerhaeuser) announced the pricing of the Company's public offering of 29 million common shares at $27.75 per share. Weyerhaeuser reportedly raised approximately $805 million of gross proceeds from the offering. Also, the underwriters of the offering have an option to purchase up to an additional 4.35 million common shares. The Company stated that the net proceeds will be used as partial consideration to finance the previously announced acquisition of all of the equity interest in Longview Timber LLC. The offering is expected to close on Monday, June 24, 2013, subject to customary closing conditions. The Full Research Report on Weyerhaeuser Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/f285_WY]
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American Tower Corporation Research Report
On June 13, 2013, American Tower Corporation (American Tower) announced that it intends to seek to raise approximately $1.0 billion in a new unsecured revolving credit facility with a five-year maturity. The Company reported that the new credit facility will, among other things, replace its existing $1.0 billion unsecured credit facility entered into in April 2011. The Full Research Report on American Tower Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/a733_AMT]
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Annaly Capital Management, Inc. Research Report
On June 19, 2013, Annaly Capital Management, Inc.'s (Annaly Capital Management) Board of Directors declared the Q2 2013 common stock cash dividend of $0.40 per common share. This dividend is payable on July 29, 2013 to common shareholders of record on July 1, 2013. The Company reported its ex-dividend date as June 27, 2013. Annaly Capital Management stated that it distributes dividends based on its current estimate of taxable earnings per common share and not on its GAAP earnings. It further clarified that the taxable and GAAP earnings will typically differ due to items such as unrealized and realized gains and losses, differences in premium amortization and discount accretion, and non-deductible general and administrative expenses. The Full Research Report on Annaly Capital Management, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/af04_NLY
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Public Storage Research Report
On June 19, 2013, Public Storage's (PSA) Senior Vice President, David Doll announced the opening of the Company's largest self-storage facility in Bronx, New York. Located at 385 Gerard Avenue (at East 144th Street), the 12-story facility will have more than 4,000 units when completed and will be the Company's 2,079th location. "Growing demand for smaller sized units at our other locations throughout greater NYC has led us to build this facility to meet the specific needs of local customers," said David Doll. "Not only does our Gerard facility offer the right kind of storage at the right price, its easy access and free parking make it a convenient choice for the 687,000 New Yorkers who live within two miles of the property." The Full Research Report on Public Storage - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/9b14_PSA]
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Starwood Property Trust, Inc. Research Report
On June 19, 2013, Starwood Property Trust, Inc. (Starwood Property Trust) announced that, effective immediately, Archetype Mortgage Capital (AMC) has revamped its corporate name to Starwood Mortgage Capital. "We are pleased to bring Archetype Mortgage Capital under the Starwood brand. This name change
is a signal to all customers, partners and employees that Starwood Mortgage Capital is a valuable part of the premier full-service real estate finance company we have built at Starwood Property Trust," said Barry Sternlicht, Starwood Property Trust's Chairman and Chief Executive Officer. Larry Brown, President of Starwood Mortgage Capital, commented, "We are proud to be associated with the internationally recognized Starwood brand and look forward to levering Starwood Property Trust's strong balance sheet, industry expertise and broad network of relationships to continue to provide our customers with the high level of service they have come to expect." The Full Research Report on Starwood Property Trust, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/3085_STWD]
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SOURCE Wall Street Reports