|By PR Newswire||
|August 15, 2014 09:00 AM EDT||
NEW YORK, August 15, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding American Tower Corporation (NYSE: AMT), The Allstate Corporation (NYSE: ALL), BlackRock, Inc. (NYSE: BLK), State Street Corporation (NYSE: STT) and ACE Limited (NYSE: ACE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5769-100free.
American Tower Corporation Research Reports
On July 30, 2014, American Tower Corporation (American Tower) announced financial results for Q2 2014. Total operating revenue increased 27.5% YoY to $1.03 billion, surpassing Zacks consensus estimate of $1.0 billion. Total rental and management gross margin stood at 74%. Adjusted EBITDA increased 30.2% YoY to $682 million and adjusted Funds From Operations (AFFO) increased 29.4% YoY to $474 million. American Tower reported net income of $230.1 million or $0.58 per diluted share, against $99.8 million or $0.25 per diluted share in Q2 2013. The EPS figure also surpassed the Zacks consensus estimate of $0.52 per share. The Company has raised the midpoint of its full-year 2014 outlook for: total rental and management revenue by $45 million to range between $3,945 million to $4,015 million; adjusted EBITDA by $55 million to range between $2,615 million to $2,655 million and AFFO by $30 million to be in the range of $1,755 million to $1,795 million. The full research reports on American Tower are available to download free of charge at:
The Allstate Corporation Research Reports
According to Investor Relations section of The Allstate Corporation (Allstate) website, on July 22, 2014, the Company has declared a cash dividend of 28 cents to shareholders of record as of close of business on August 29, 2014, payable on October 1, 2014. The ex-dividend date is August 27, 2014. The full research reports on Allstate are available to download free of charge at:
BlackRock, Inc. Research Reports
On August 12, 2014, BlackRock, Inc. (BlackRock) - a worldwide leader in investment management, risk management and advisory services, launched the BlackRock Multi-Manager Alternative Strategies Fund (BMMAX). According to the Company, the fund aims to offer individual investors the opportunity to access multiple alternative investment strategies in a single open-end mutual fund. Further, the investment objective of BMMAX is to seek total return. "Following the market volatility of recent years, it is critical for investors to understand that exposure to a wider range of investments is necessary as part of a core investment strategy," said Ken Barbuscio, Head of Product and Platform Development for BlackRock's U.S. Wealth Advisory Division. "BMMAX provides individual investors with a way to diversify across alternative investment managers and strategies in a single portfolio solution." The full research reports on BlackRock are available to download free of charge at:
State Street Corporation Research Reports
On July 22, 2014, State Street Corporation (State Street) reported Q2 2014 financial results. On a non-GAAP basis, EPS was $1.39, versus $1.24 in Q2 2013, surpassing the $1.26 estimate of 19 analysts surveyed by Bloomberg. Revenue increased to $2.7 billion from $2.6 billion in Q1 2014. Commenting on the results, Joseph L. Hooley, State Street's Chairman, President and CEO, said, "We continue to see strong demand for our products and services as evidenced by our second quarter new business wins which were $250 billion in asset servicing and $18 billion in net new assets to be managed. We also have a robust and well-diversified new business pipeline." In a separate press release on July 17, 2014, State Street declared a quarterly cash dividend of $0.30 per share of common stock, payable on October 16, 2014 to common shareholders of record as of October 1, 2014. The full research reports on State Street are available to download free of charge at:
ACE Limited Research Reports
On July 29, 2014, ACE Group - a Company of ACE Limited (ACE), announced that Joe Crowther has been appointed as Global Client Executive in the ACE Construction Industry Practice. According to ACE, in his new role, Crowther will work with a select group of ACE's construction clients and distribution partners to provide access to an array of customized global risk management solutions across various construction product lines. Based in Philadelphia, Crowther will report to John Alfieri, Division President, Global Accounts, North America, ACE Group, and Division President, ACE USA Regional Operations. Mr. Crowther has more than 26 years of experience in the construction insurance industry, and prior to joining the Company he served as Vice President, ACE Construction Claims Client Executive, Commenting on Crowther's appointment, Alfieri, said, "Joe's proven track record for building relationships and collaborating with large clients, and his extensive experience in serving the unique and complex claims and risk management challenges faced by the construction industry, will ensure his success in engaging with ACE's clients and distribution partners." The full research reports on ACE are available to download free of charge at:
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