Sector Update: Financial

By Staff,

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Financial shares mixed in today's pre-market session as investors absorb this week's Federal Reserve's actions, including avoiding an immediate taper to the bond-buying program.

In financial stocks news this morning, Senior Housing Properties Trust ( SNH ) has entered an agreement to sell 2 rehabilitation hospitals it owns to a joint venture comprised of affiliates of The Sanders Trust, LLC of Birmingham, AL and Harrison Street Real Estate Capital, LLC of Chicago, IL for $90 million.

SNH currently expects to realize a gain upon completion of this sale of over $30 million. SNH is flat at $23.64 in pre-market trade.

And, American Capital Agency Corp. ( AGNC ) is down 0.7% at $23.60 in pre-market trade as it declares a cash dividend on its 8.000% Series A Cumulative Redeemable Preferred Stock ( AGNCP ) of $0.50 per share for Q3 2013. The dividend is payable October 15, 2013, to preferred shareholders of record as of October 1, 2013, with an ex-dividend date of September 27, 2013.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: AGNC , AGNCP , SNH

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