By PR Newswire, October 21, 2013, 08:00:00 AM EDT
NEW YORK, October 21, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting KeyCorp (NYSE:KEY), Vornado Realty Trust (NYSE:VNO), Plum Creek Timber Co. Inc. (NYSE:PCL), Weingarten Realty Investors (NYSE:WRI), and ING U.S. Inc. (NYSE:VOYA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
KeyCorp Research Report
On October 16, 2013, KeyCorp (Key) reported its Q3 2013 financial results. The Company reported total revenues of $1.0 billion, reflecting a decline of 4.8% YoY and an increase of 2.8% QoQ. Net income attributable to KeyCorp common shareholders was $266 million or $0.29 per diluted share in Q3 2013, compared to net income attributable to KeyCorp common shareholders of $214 million or $0.23 per diluted share in Q3 2012 and $198 million or $0.22 per diluted share in Q2 2013. Commenting on the results, Chairman and CEO of KeyCorp, Beth Mooney, stated, "Key's results reflect another quarter of improved performance as we continued to grow our businesses, improve efficiency and execute on our capital priorities. Importantly, we accomplished our goal that we set in June of 2012 to achieve annualized cost savings of $200 million. This is an important milestone for us, and we believe that our cost discipline is now embedded within our culture, which will allow us to drive further efficiency improvements. Credit quality also improved, with net charge-offs to average loans now at their lowest level since the first quarter of 2007." The Full Research Report on KeyCorp - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/039c_KEY]
Vornado Realty Trust Research Report
On October 15, 2013, Vornado Realty Trust (Vornado) announced that it has acquired land and air rights for 137,000 zoning sq. ft., which completes the assemblage of its 200 Central Park South site in Manhattan, for $194 million. According to the Company, the transaction will allow development to begin on a 920-ft luxury residential condominium tower containing 472,000 zoning sq. ft. Additionally, the Company informed that the to-be constructed tower will have unobstructed Central Park Views and will be designed by Robert A.M. Stern Architects. The Full Research Report on Vornado Realty Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9b04_VNO]
Plum Creek Timber Co. Inc. Research Report
On October 4, 2013, Plum Creek Timber Co. Inc. (Plum Creek) announced that it will release its Q3 2013 earnings on October 28, 2013, after the market closes. The Company reported that it will host a conference call on the same day at 5:00 p.m. E.T. or 2:00 p.m. P.T. to discuss the results, with Rick Holley, CEO of Plum Creek, leading the call. A live webcast of the conference call may be accessed through Plum Creek's website. The Full Research Report on Plum Creek Timber Co. Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8f22_PCL]
Weingarten Realty Investors Research Report
On October 8, 2013, Weingarten Realty Investors (Weingarten Realty) announced that it has acquired Mueller Regional Retail Center in Austin, Texas. According to the Company, the property is part of the Mueller Regional Retail District that will include over four million sq. ft. of commercial space and residential units when fully built out. Commenting on the acquisition, Drew Alexander, President and CEO of Weingarten Realty, stated, "We are pleased with the acquisition of this high quality urban shopping center with a strong tenant line up. Austin is a robust market where we expect to continue to see strong growth in employment, population and rents over the next five years." Additionally, the Company also reported good progress in its disposition program and stated that in Q3 2013, it sold eight non-core properties and two land parcels which totalled $116 million and $240 million, respectively. The Full Research Report on Weingarten Realty Investors - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ebb6_WRI]
ING U.S. Inc. Research Report
On October 3, 2013, ING U.S. Inc. (ING U.S.) announced that Allison Butler, a Glen Burnie High School teacher, has received the first-place prize in the national 2013 ING Unsung Heroes® awards program. The Company informed that through this program, ING U.S. awards grants to educators throughout the U.S. for innovative teaching ideas. As the first-place winner, selected from nearly 1,300 applications, Butler will receive $25,000 to add to her initial $2,000 grant, bringing her grant total to $27,000 to help fund "Art at the Speed of Light", the award-winning program she is implementing at the Glen Burnie High School. Jamie Ohl, President of Tax-Exempt Markets for ING U.S. Retirement Solutions, said, "ING U.S. is honored to salute these outstanding teachers for their innovative ideas and dedication to America's youth. Each day, we help individuals prepare for a secure financial future, and we are proud to help these men and women who prepare students for their future. With the ING Unsung Heroes grant, Allison's project can continue making a positive impact on the children she teaches." The Full Research Report on ING U.S. Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9039_VOYA]
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SOURCE Analysts' Corner