On Thursday, in the course of Afternoon trade, Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM), dropped -0.77%, and is now trading at $17.97.
Piedmont Office Realty Trust, declared that Dale H. Taysom, former Global Chief Operating Officer for Prudential Real Estate Investors (“PREI”), will join the Company`s Board of Directors startning October 1, 2015. The addition is part of a planned transition as a result of Piedmont`s adoption of term limits for its directors during 2014. William H. Keogler, Jr. will retire from the Board effective September 30, 2015.
“We appreciate Mr. Keogler`s many years of service to our stockholders and we are very happy that Dale in turn has agreed to join the Piedmont Board,” commented Michael R. Buchanan, Chairman of the Board. “Dale`s deep roots in the real estate industry and extensive experience in virtually every aspect of the real estate investment process are a perfect fit for us, particularly at this point in the real estate cycle when we are focused on capturing value for our shareholders by recycling capital from non-planned markets into our targeted office sub-markets. We expect Dale`s strong underwriting knowledge and extensive contact list to be valuable assets as we manage that transition. ”
Piedmont Office Realty Trust, Inc. engages in the acquisition and ownership of commercial real estate properties in the United States. Its property portfolio primarily comprises of office and industrial buildings, warehouses, and manufacturing facilities.
During an Afternoon trade, Shares of Sonic Corporation (NASDAQ:SONC), dipped -5.56%, and is now trading at $29.04.
Sonic Corp., declared addition of talent to strengthen its franchise sales and development team.
Designated as Senior Vice President for Development is Andrew “Drew” Ritger, Jr., who led the franchise development team at SONIC from 2002-2012, during which time the brand opened more than 1,500 new drive-ins in 15 states. In this new role, he is responsible for market planning, franchise sales, area development agreements, and real estate site selection. Ritger has been part of the SONIC leadership team since 1996, and most recently served as Senior Vice President for Franchise Services, east region, with responsibility for franchise operations in the eastern half of the country counting new drive-in openings, drive-in operations procedures and guest service.
Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of March 13, 2015, the company operated 3,517 restaurants in 44 states. It also leases signs and real estate. The company was founded in 1953 and is headquartered in Oklahoma City, Oklahoma.
Shares of WEC Energy Group Inc (NYSE:WEC), during its Thursday’s current trading session climbed 0.58%, and is now trading at $48.95.
WEC Energy Group, based in Milwaukee, is one of the nation’s premier energy companies, serving 4.4 million customers in Wisconsin, Illinois, Michigan and Minnesota.
The company’s principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, and Minnesota Energy Resources. The company’s other major partner, We Power, designs, builds and owns electric generating plants.
WEC Energy Group, Inc., through its auxiliaries, generates and distributes electric energy. The company operates in two segments, Utility Energy and Non-Utility Energy. It generates electricity from coal, natural gas, oil, hydroelectric, wind, and biomass. The company provides electric utility services to customers in the paper, foundry, food products, and machinery production industries, in addition to to the retail chains.
Finally, ADT Corp (NYSE:ADT), gained 0.42% Thursday.
The ADT Corporation, stated its financial results for the third quarter of 2015. The Company stated total revenue of $898 million, an enhance of 5.8%, or 6.2% in constant currency, contrast to the third quarter of 2014. Recurring revenue, which made up about 93% of total revenue in the quarter, was $834 million, up 6.2% contrast to the same period last year and up 6.8% in constant currency(1). Recurring revenue growth in the quarter was driven by an enhance in ADT’s new and resale revenue per user, which rose 2.4% over last year to $48.19, the addition of Reliance Protectron Inc. (“Protectron”), strong revenue growth by ADT Business and improved customer retention. Revenue attrition for the quarter improved to 12.4%, an improvement of 10 basis points sequentially and 150 basis points year-over-year. Unit attrition for residential and business improved 20 basis points sequentially, and 120 basis points from last year, ending at 12.3% for the quarter. ADT closed the quarter with 6.6 million customer accounts, a 4.9% enhance over last year. Pre-SAC EBITDA before special items raised by $16 million to $560 million, a 2.9% enhance over the preceding year, and pre-SAC EBITDA margin before special items was 66.0%(1). EBITDA before special items reduced by $1 million to $451 million(1), while EBITDA margin before special items was 50.2%(1) for the quarter. EBITDA before special items comprises the impact of about $6.3 million pre-tax related to the formerly revealed change in the way the Company accounts for dealer payments for leads generated through its marketing efficiency program.
The ADT Corporation provides monitored security, interactive home and business automation, and related monitoring services in the United States and Canada. The companys monitored security and home/business automation offerings comprise the installation and monitoring of residential and business security, and premises automation systems designed to detect intrusion, control access and react to movement, smoke, carbon monoxide, flooding, temperature, and other environmental conditions and hazards, in addition to to address personal emergencies, such as injuries, medical emergencies, or incapacitation.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
