During Tuesday’s Current trade, Shares of DHT Holdings Inc (NYSE:DHT), gain 0.38% to $7.93.
DHT Holdings, Inc. (DHT) declared second quarter 2015 results
Highlights of the quarter:
- EBITDA for the quarter of $49.5 million. Net income for the quarter of $22.2 million ($0.24 per basic share).
- The Company’s VLCCs operating in the spot market achieved time charter equivalent earnings of $52,300 per day in the second quarter of 2015.
- On July 22, 2015 the Company declared a new policy regarding dividend and capital allocation. As a result of the current tanker market, DHT intends to return at least 60% of its ordinary net income (adjusted for extraordinary items) to shareholders. Further, DHT intends to use a noteworthyamount of surplus cash flow after returning such capital to shareholders to delever its balance sheet.
- In accordance with the new dividend policy the Company will pay a dividend of $0.15 per common share for the quarter payable on August 20, 2015 for shareholders of record as of August 12, 2015.
DHT Holdings, Inc. operates crude oil tankers in Bermuda. As of March 10, 2015, its fleet comprised of 18 crude oil tankers, counting 14 very large crude carriers, 2 Suezmax tankers, and 2 Aframax tankers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
Shares of Pinnacle Entertainment, Inc (NYSE:PNK), inclined 0.41% to $39.25, during its current trading session.
Pinnacle Entertainment, Inc. (PNK) stated financial results for the second quarter ended June 30, 2015.
2015 Second Quarter Highlights:
- Net revenues raised by $26.8 million or 4.8% year over year to a record $582.0 million and Merged Adjusted EBITDA raised by $13.7 million or 9.7% year over year to $154.3 million, inclusive of $0.6 million of cost related to the Lake Charles team member retention program and $0.6 million from cost and lost business volume related to flooding of the Red River in Bossier City. Merged Adjusted EBITDA margin raised by 120 basis points to 26.5%.
- 2015 second quarter performance was driven by strong year over year enhances in Adjusted EBITDA at the properties in the Company’s Midwest segment, particularly at Kansas City, St. Charles, River City, and Belterra Resort. South segment performance was led by Adjusted EBITDA growth at Baton Rouge and Vicksburg, while the West segment was driven by the strong performance of Black Hawk.
- Income from ongoing operations raised by $18.1 million to $15.8 million from a loss of $2.3 million in the preceding year period. Income from ongoing operations margin raised by 310 basis points to 2.7% from (0.4)% in the preceding year period. GAAP diluted net income per share was $0.34 as compared to a loss per share of $0.04 in the preceding year period. Adjusted income per share raised to $0.41 from $0.37 in the preceding year period.
Pinnacle Entertainment, Inc. owns, develops, and operates casinos and related hospitality and entertainment facilities in the United States. Its Midwest segment operates Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra, Belterra Park, and River City properties.
Cousins Properties Inc (NYSE:CUZ), during its Tuesday’s current trading session gained 0.39% to $10.33.
Cousins Properties Incorporated (CUZ) declared that its Board of Directors has declared a cash dividend of $0.08 per common share for the third quarter of 2015. The third quarter dividend will be payable August 24, 2015, to common shareholders of record on August 10, 2015. The $0.08 per share quarterly common dividend equates to $0.32 per share on an annualized basis.
Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA, primarily invests in Class-A office properties located in high growth Sunbelt markets, with a focus on Georgia, Texas and North Carolina. For more information, please visit www.cousinsproperties.com.
Cousins Properties Incorporated, a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, in addition to performs certain real estate-related services in the United States. The company operates through four divisions: Office/Multi-Family, Retail, Industrial, and Land. The Office/Multi-Family division develops and manages office projects primarily in Austin, Dallas, Charlotte, Birmingham, and Atlanta; develops and sells multi-family projects in urban locations in the southeastern United States; and manages and leases office properties owned by third parties.
Finally, Medical Properties Trust, Inc. (NYSE:MPW), gained 0.22%, to $13.74.
Medical Properties Trust, Inc. (MPW) declared that it has signed a definitive agreement to acquire Capella Holdings, Inc. (“Capella”), a privately-owned hospital company headquartered in Franklin, Tennessee. Capella is one of the ten largest for-profit acute care hospital operators in the U.S. based on revenue. The $900 million total value of the transactions will be comprised of a $600 million investment in Capella’s real estate and an approximate $300 million investment in Capella’s operating entities, which is predictable to be owned jointly by MPT and Capella administration. The transaction will be right away accretive to MPT’s Normalized FFO (“FFO”) per share by $0.04 in the first year after closing.
MPT and Capella’s senior administration have agreed subject to execution of definitive documentation, to form a joint venture (“JV”) that will become the acquirer of Capella’s operating entities for a total consideration of about $300 million, counting a loan or other investment by MPT of about $290 million that will earn a fixed coupon in line with our initial lease rate. In addition, the JV agreement will provide for distributions to MPT that are predictable to result in additional returns under certain conditions. No such anticipated additional returns are comprised of in the estimated initial year accretion of $0.04 per share.
Medical Properties Trust, Inc. operates as a real estate investment trust (REIT) in the United States. It acquires, develops, and invests in healthcare facilities; and leases healthcare facilities to healthcare operating companies and healthcare providers. The company also provides mortgage loans to healthcare operators, in addition to working capital and other term loans to its tenants/borrowers.
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.
