Can Newcastle, Annaly, and American Realty Capital Attract Potential Investors?

Posted by Saimoon October 8, 2014 0 Comment 1189 views


New York, NY – GDP INSIDER  –  10/08/2014.

This article addresses three real estate investment trusts: Newcastle Investment Corp., Annaly Capital Management, and American Realty Capital Partners.

Newcastle Investment Corp.(NYSE:NCT) reported a common stock dividend of $0.30 for its common stock for the third quarter of the 2014 fiscal year on Sept. 17th, 2014. The New York-based real estate investment trust invests in and manages a variety of properties, including senior housing as well as golf courses and facilities. The stock currently has a bid price of $12.63 x 200 and an offer price of $13.70 x 300.

Will Newcastle Investment Corp Product A Larger Dividend In The Fourth Quarter? Receive A Free NCT Analysis.

Annaly Capital Management, Inc.(NYSE:NLY) also reported a third quarter dividend of thirty cents per share on Sept. 18th, 2014. Additionally, the company reported on Oct. 1st that it had adjusted the conversion rate of its senior notes as a result of its thirty cent dividend. The conversion price is now listed at $11.5772 per common share as opposed to $11.8944 per common share, the previous rate. The New York-based real estate investment trust invests in mortgage-backed securities and related derivatives.

What Should You Make Of Annaly’s Conversion Rate Adjustment? View Our Free NLY Analysis.

Another New York-based real estate investment trust, American Realty Capital Properties Inc(NASDAQ:ARCP), recently announced that it would be selling all of its private capital management business, known as Cole Capital, for a total of $700 million to RCS Capital. The company  also recently promoted David S. Kay to the position of Chief Executive Officer and appointed Lisa E. Beeson as the new President of the company. The company declared an annualized common stock dividend of $1.00 per share on Sept. 19th, 2014.

Why Is American Realty Capital Properties Selling Its Private Capital Management Business? Take A Look AT Our Free ARCP Analysis.

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