The Zacks Analyst Blog Highlights: Campus Crest Communities, Vornado Realty Trust, DDR and RLJ Lodging Trust PR Newswire CHICAGO, Feb. 4, 2013 CHICAGO, Feb. 4, 2013 /PRNewswire/ --Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Campus Crest Communities Inc. (NYSE:CCG), Vornado Realty Trust (NYSE:VNO), DDR Corp. (NYSE:DDR) and RLJ Lodging Trust (NYSE:RLJ). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Friday's Analyst Blog: Campus Crest Raises Dividend Earlier this week, Campus Crest Communities Inc. (NYSE:CCG) – a real estate investment trust (REIT) – announced a 3.1% hike in its annual cash dividend rate. The company will now pay a dividend of 66 cents per share annually compared with the prior rate of 64 cents. It will become effective from first quarter 2013 and the quarterly dividend rate will amount to 16.5 cents. The increased dividend will be paid on Apr 10, 2013 to stockholders of record on Mar 27. Based on the closing price of $12.08 on Jan 31, 2013, the proposed annual dividend affirms a yield of 5.5%. It is backed by the company's solid operating platform and strategic measures to help improve its top line. Campus Crest, which currently owns interests in 39 operating student housing properties containing approximately 20,884 beds, plans to deliver 6 projects containing approximately 3,564 beds in the third quarter of 2013. We believe that with its decent fundamentals, the company is well poised to maintain its growth curve and concurrently add to shareholders wealth through steady dividend hikes. Campus Crest is a developer, builder, owner and manager of high-quality, purpose-built student housing properties located close to campuses in targeted U.S. markets. The company rents student housing properties, offers student housing services and provides construction, development and management services. With this dividend hike, Campus Crest joined a host of REITs that have recently increased their dividend payments. This includes Vornado Realty Trust (NYSE:VNO), DDR Corp. (NYSE:DDR) as well as lodging REIT, RLJ Lodging Trust (NYSE:RLJ) that have raised their dividend in the last two months. U.S. law requires REIT companies to distribute 90% of their annual taxable income in the form of dividends to the shareholders and therefore, solid dividend payouts are a significant attraction for REIT investors. Also, Campus Crest currently carries a Zacks Rank #2 (Buy). Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515. About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term. Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons. Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. Follow us on Twitter: http://twitter.com/zacksresearch Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. Media Contact Zacks Investment Research 800-767-3771 ext. 9339 firstname.lastname@example.org http://www.zacks.com SOURCE Zacks Investment Research, Inc. Website: http://www.zacks.com
The Zacks Analyst Blog Highlights: Campus Crest Communities, Vornado Realty Trust, DDR and RLJ Lodging Trust
Press spacebar to pause and continue. Press esc to stop.