On Monday, Gramercy Property Trust Inc (NYSE:GPT)’s shares declined -0.08% to $24.40.
Gramercy Property Trust Inc (GPT) revealed a $300.5-million portfolio acquisition in addition to a 10% hike in its quarterly dividend. The company has also offered an updated outlook for 2015.
Specifically, Gramercy Property closed on a 20-year sale leaseback deal with Life Time Fitness Inc. for acquiring a portfolio of 10 large-format, high-end fitness centers for around $300.5 million. These properties are positioned in key markets across the U.S., spanning about 1.3 million square feet. The company projects net operating income in the first year to be around $19.5 million.
For the second quarter of 2015, Gramercy Property declared a dividend of 22 cents per share. This marked a 10% rise over the prior-quarter dividend payout. The raised dividend would be paid on Jul 15 to stock holders of record on Jun 30.
Besides, Gramercy Property revealed its expectations for core funds from operations (“FFO”) for the second half of 2015 at over $1.00 per share, while predicting second-quarter core FFO in a range of 43–45 cents per share. The Zacks Consensus Estimate for the second quarter presently stands at 47 cents per share.
Gramercy Property Trust Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in industrial and office properties to create its portfolio. The firm was formerly known as Gramercy Capital Corp. Gramercy Property Trust Inc was founded in 2004 and is based in New York City with additional offices in St. Louis, Missouri and Jenkintown, Pennsylvania.
Intersil Corp (NASDAQ:ISIL)’s shares dropped -0.17% to $11.55.
Intersil Corp (ISIL) a leading provider of innovative power administration and precision analog solutions, recently declared the TW9992 analog video decoder, which features an integrated MIPI-CSI2 output interface that provides compatibility with the newest SoC processors. The decoder’s MIPI-CSI2 interface simplifies design by making it easier to interface with SoCs, while also lowering the system’s EMI profile. The TW9992 decoder takes both single-ended and differential composite video inputs from a vehicle’s backup safety camera, and is the latest addition to Intersil’s video decoder product family for automotive applications.
Designed with built-in diagnostics and superior video quality, the TW9992 addresses the biggest challenges faced by automotive video systems. For example, the decoder’s Automatic Contrast Adjustment (ACA) image enhancement feature overcomes a major challenge for backup camera systems by adapting to rapidly changing lighting conditions. ACA is able to automatically boost up or reduce the brightness/contrast of an image for greater visibility and safety.
In addition, vehicle backup cameras typically employ differential twisted pair cables that require designers to use an operational amplifier (op amp) in front of the video decoder to convert the differential signal to single-ended. The TW9992 decoder eliminates the need for an external op amp by supporting direct differential CVBS inputs, thus reducing system cost and board space. The built-in short-to-battery and short-to-ground detection capability on each differential input channel further enhances video performance and automotive system reliability.
Intersil Corporation designs and develops power administration and precision analog integrated circuits (ICs) for industrial and infrastructure, consumer, and computing markets. The company offers various power IC solutions for battery administration, processor power administration, and display power administration, counting power regulators, converters, and controllers, in addition to integrated power modules. It also provides precision analog components, such as amplifiers and buffers, proximity and light sensors, data converters, optoelectronics, video decoders, and interface products.
At the end of Monday’s trade, Priceline Group Inc (NASDAQ:PCLN)‘s shares surged 2.62% to $1,247.91.
The Priceline Group (PCLN) uncovered that it intends to hold a conference call to discuss its 2nd quarter 2015 financial results on August 5 at 7:30 a.m. ET. The event will be webcast live at http://ir.pricelinegroup.com and the audio will be available for replay on the website for seven days thereafter.
The Priceline Group Inc. provides online travel and travel related reservation and search services. The company operates Booking.com, which provides online accommodation reservation services; and priceline.com that offers hotel, rental car, and airline ticket reservations services, in addition to vacation packages and cruises through its Name Your Own Price and Express Deals travel services. It also operates Agoda.com, an online accommodation reservation service for consumers in the Asia-Pacific region; and rentalcars.com that offers car rental reservation services.
Spirit Airlines Incorporated (NASDAQ:SAVE), ended its Monday’s trading session with -0.12% loss, and closed at $60.99.
Spirit Airlines, Inc. (SAVE) will hold a conference call to talk about second quarter 2015 results on Friday, July 24, 2015 at 10:00 a.m. ET. A live, listen-only webcast of the conference call will be accessible at http://ir.spirit.com. Any changes to the Company’s planned presentation time will be posted on its website under the Investor Relations section at http://ir.spirit.com.
Spirit Airlines, Inc. provides low-fare airline services. As of June 30, 2015, it operated about 360 daily flights to 57 destinations in the United States, Caribbean, and Latin America. As of December 31, 2014, the company had a fleet of 65 Airbus single-aisle aircraft comprising 29 A319s, 34 A320s, and 2 A321s. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.
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