On Thursday, RLJ Lodging Trust(NYSE:RLJ)’s shares inclined 0.69% to $31.89.
LJ Lodging Trust (RLJ) declared it has attained the 164-room Hyatt Place DC/Downtown/K Street in Washington, D.C. and will acquire within the next few days the 170-room Homewood Suites Seattle/Lynnwood in Lynnwood, WA for a combined purchase price of $105.9 million. The Company will use the cash accessible on its balance sheet for both acquisitions.
The Company attained the opened Hyatt Place DC/Downtown/K Street in an off-market transaction for a purchase price of $68.0 million, or about $415,000 per key. The purchase price represents a forward capitalization rate of about 7.1% on the hotel’s projected 2016 net operating income and the projected 2016 RevPAR is about 53.0% higher than the Company’s 2014 stated RevPAR. The property opened in April 2015 following an extensive renovation and conversion from an office building. Located in downtown Washington, D.C., the Hyatt Place is four blocks from three metro stations and centrally located to numerous business and leisure demand generators such as the White House, government agencies, national associations and law firms.
RLJ Lodging Trust is an independent equity real estate investment trust. The firm also manages real estate funds. It invests in the real estate markets of the United States. The firm primarily invests in premium-branded, focused service, and compact full-service hotels. RLJ Lodging Trust was launched in 2000 and is domiciled in Bethesda, Maryland.
Baytex Energy Corp (USA) (NYSE:BTE)’s shares dropped -4.74% to $12.26.
Baytex Energy Corp. (BTE) reports that a cash dividend of $0.10 per common share in respect of July operations will be paid on August 14, 2015 to shareholders of record on July 23, 2015. The ex-dividend date is July 21, 2015. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
The U.S. dollar equivalent dividend amount is about US$0.0787 per share assuming a foreign exchange rate of $0.7865 USD/CAD. The actual U.S. dollar equivalent dividend for shareholders who hold through a brokerage firm will be based on the exchange rate in effect on the payment date and net of applicable Canadian withholding taxes. Registered shareholders are paid directly by Baytex’s transfer agent, Valiant Trust Company, and the actual U.S. dollar equivalent dividend will be based on the exchange rate in effect on the record date and paid net of applicable Canadian withholding taxes.
Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, exploitation, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the United States. The company offers heavy oil, light oil, condensate, and natural gas liquids.
At the end of Thursday’s trade, BioDelivery Sciences International, Inc. (NASDAQ:BDSI)‘s shares surged 2.87% to $9.31.
BioDelivery Sciences International, Inc. (BDSI) declared that Enoch Bortey, Ph.D., has joined the company as Vice President of Clinical Biostatistics and Data Systems. In this capacity, Dr. Bortey will be responsible for overseeing the global design and development of the biostatistics function, translating the development strategies into tactical statistical plans to support product development objectives. He will report to Dr. Andrew Finn, Executive Vice President of Product Development.
Dr. Bortey brings over 24 years of pharmaceutical industry drug development experience to the BDSI development team. He most recently was Senior Vice President of Clinical Operations and Biometrics at Salix Pharmaceuticals where over an 8 year period he progressed in responsibility from a role in biometrics to a combined role in biometrics and clinical operations. During the course of his Salix experience, he contributed to the U.S. approval of a number of products that involved complex statistical and clinical issues for indications counting irritable bowel syndrome and opioid induced constipation. With the addition of this expertise, BDSI believes it is well positioned to address its expanding opportunities, counting with Buprenorphine Depot Injection and the ongoing examination of Clonidine Topical Gel in addition to other future product development opportunities.
BioDelivery Sciences International, Inc., a specialty pharmaceutical company, engages in the development and commercialization of pharmaceutical products principally in the areas of pain administration and addiction.
Trimble Navigation Limited (NASDAQ:TRMB), ended its Thursday’s trading session with -0.04% loss, and closed at $23.54.
Trimble Navigation Limited (TRMB) declared that SITECH® Technology Dealer for Western Canada is now serving contractors in Saskatchewan. SITECH Western Canada is part of the premier network of SITECH dealerships—the first fully dedicated global distribution network offering the most comprehensive portfolio of construction technology systems accessible to the heavy and highway contractor.
SITECH Technology Dealers represent Trimble® and Caterpillar® machine control systems for the contractor’s entire fleet of heavy equipment regardless of machine brand, together with Trimble’s portfolio of Connected Site® solutions—site positioning systems, construction asset administration services, software and powerful wireless and Internet-based site communications infrastructure.
Trimble Navigation Limited provides technology solutions to enhance the work processes of office and mobile field professionals worldwide. The company’s Engineering and Construction segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; BIM software for design, construction, and maintenance; integrated site layout and measurement systems; application products; integrated workplace administration services software; capital program and facility administration solutions; and field based data collection systems and software, communications systems, and back-office software.
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