Financial Results, Quarterly Dividends, and Expiration of Exchange Offers - Research Report on Ventas, HCP, American Equity, Arthur J Gallagher, and Sabra Health Care REIT Editor Note: For more information about this release, please scroll to bottom. PR Newswire NEW YORK, October 31, 2013 NEW YORK, October 31, 2013 /PRNewswire/ -- Today, Analysts' Corner announced new research reports highlighting Ventas, Inc. (NYSE: VTR), HCP, Inc. (NYSE: HCP), American Equity Investment Life Holding Co. (NYSE: AEL), Arthur J Gallagher & Co. (NYSE: AJG) and Sabra Health Care REIT, Inc. (NASDAQ: SBRA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Ventas, Inc. Research Report On October 25, 2013, Ventas, Inc. (Ventas) reported its Q3 2013 financial results with total revenues of $712.4 million, representing an increase of 11.5% YoY. Net income attributable to common stockholders came in at $118.3 million or $0.40 per diluted share, compared with $111.9 million or $0.38 per diluted share in Q3 2012. Normalized Funds from Operations (FFO) during the quarter stood at $307.2 million, as against $284.9 million in Q3 2012. Ventas Chairman and CEO Debra A. Cafaro commented, "Ventas delivered another quarter of record results by assertively investing capital, raising capital and managing our diverse, high-quality portfolio of seniors housing and healthcare assets. We also positioned Ventas to succeed in the future by maintaining strong liquidity through a highly successful bond issuance, by acquiring over a billion dollars in higher growth private pay assets, and by completing favorable lease extensions with our valued tenant Kindred Healthcare." For full-year 2013, Ventas now anticipates its normalized FFO per diluted share to range between $4.12 and $4.14, as against its prior guidance of $4.06 to $4.10 per diluted share. The Full Research Report on Ventas, 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/3b95_VTR] -- HCP, Inc. Research Report On October 24, 2013, HCP, Inc. (HCP) announced that its Board of Directors has declared a quarterly common stock cash dividend of c.$0.53 per share, which will be payable on November 19, 2013 to stockholders of record as of the close of business on November 4, 2013. The Full Research Report on HCP, 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/6c26_HCP] -- American Equity Investment Life Holding Co. Research Report On October 22, 2013, American Equity Investment Life Holding Co. (American Equity) announced the expiration and final results of its formerly reported exchange offers to purchase for cash and newly issued shares of its common stock, any and all of its $200 million principal amount of outstanding 3.50% Convertible Senior Notes due by 2015 (the 2015 Notes) along with any and all of its $115.8 million principal amount of outstanding 5.25% Contingent Convertible Senior Notes due by 2029 (the 2029 Notes). The Company stated that the exchange offers expired at 12:00 midnight, NYCT, at the end of October 21, 2013 (the Expiration Date). American Equity informed that as of the expiration of the Exchange Offers, $72.3 million in aggregate principal amount of 2015 Notes and $29.6 million in aggregate principal amount of 2029 Notes were validly tendered and not properly withdrawn. The Full Research Report on American Equity Investment Life Holding Co. - 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/53f4_AEL] -- Arthur J Gallagher & Co. Research Report On October 23, 2013, Arthur J Gallagher & Co. (Arthur J Gallagher) declared a regular quarterly cash dividend of $0.35 per share on the Common Stock of the Company, payable on December 20, 2013 to stockholders of record as of December 4, 2013. The Full Research Report on Arthur J Gallagher & Co. - 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/66ae_AJG] -- Sabra Health Care REIT, Inc. Research Report On October 23, 2013, Sabra Health Care REIT, Inc. (Sabra) announced Q3 2013 financial results with revenues at $32.9 million, up 26.5% YoY. Normalized FFO for the quarter came in at $17.9 million or $0.47 per diluted share, compared with $13.2 million or $0.35 per diluted share in Q3 2012. Sabra added that during Q3 2013, the Company entered into an agreement to provide up to $66.8 million of construction financing to FPMC Fort Worth Realty Partners, LP (Forest Park - Fort Worth) for the construction of a 54-bed acute care hospital located in Fort Worth, Texas. Rick Matros, CEO and Chairman, commented, "Following quarter end, we completed our biggest investments to date as delineated in yesterday's announcement. Our investment in three Forest Park Medical Center hospitals goes a long way to diversifying Sabra's tenant base and concentration in skilled nursing. We also believe that these hospitals are well-positioned in the context of health care reform." Further, Sabra's Board of Directors declared a quarterly cash dividend of $0.34 per share of common stock, payable to stockholders of record as of the close of business on November 15, 2013 on November 29, 2013. The Full Research Report on Sabra Health Care REIT, 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/6ee4_SBRA] ---- ---- EDITOR NOTES: 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 fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. 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@EquityNewsNetwork.com. 5.For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.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@EquityNewsNetwork.com for consideration. COMPLIANCE PROCEDURE Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Namrata Maheshwari, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network 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 Equity News Network 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 Equity News Network 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 Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network 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. AnalystsCorner.com SOURCE Analysts' Corner Contact: Joe Thomas : +1-310-496-8071 (North America)
Financial Results, Quarterly Dividends, and Expiration of Exchange Offers - Research Report on Ventas, HCP, American Equity,
Press spacebar to pause and continue. Press esc to stop.