Why the Downgrade?
On Jul 8, Natus Medical reported preliminary revenues for the second quarter of 2013. The company expects revenues in the range of $81-$82 million, lower than the earlier outlook of $86-$90 million. The current Zacks Consensus Estimate is pegged at $85 million.
Following the downward revision of sales guidance, the stock tanked 5% on Tuesday, Jul 9, to close at $11.78. Further, the stock has declined 11.69% over the last 3 months.
According to Natus Medical, the lower revision was mainly due to the contagion of economic problems in the overseas market, especially Europe. Nonetheless, revenues from the U.S. market were in line with management�� expectations. The company will accordingly update guidance for the third quarter and full-year 2013 when it discloses second-quarter financial results.
Moreover, Natus Medical is not likely to beat earnings when it reports exhaustive results for the second quarter on Aug 1. That is because a stock needs to have both a positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method) and a Zacks Rank of #1, 2 or 3 for an earnings beat.
Hot Gold Companies To Own For 2015: Bank of Ozarks Inc (OZRK)
Bank of the Ozarks, Inc. is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). At December 31, 2011, the Company, through the Bank, conducted banking operations through 111 offices, including 66 offices in Arkansas, 27 in Georgia, 10 in Texas, four in Florida, two in North Carolina, and one each in South Carolina and Alabama. Subsequent to December 31, 2011, the Company opened its 11th and 12th Texas offices in Austin and The Colony. The Company also owns Ozark Capital Statutory Trust II, Ozark Capital Statutory Trust III, Ozark Capital Statutory Trust IV and Ozark Capital Statutory Trust V, all 100%-owned finance subsidiary business trusts formed in connection with the issuance of certain subordinated debentures and related trust preferred securities, and, indirectly through the Bank, a subsidiary engaged in the development of real estate, a subsidiary that owns a private aircraft and various other entities that hold foreclosed assets or tax credits or engage in other activities. Effective July 31, 2013, Bank of the Ozarks Inc acquired the entire interest of The First National Bank of Shelby.
The Company provides a range of retail and commercial banking services. Deposit services include checking, savings, money market, time deposit and individual retirement accounts. Loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services. The Company also provides mortgage lending; treasury management services for businesses, individuals and non-profit and governmental entities, including wholesale lock box services; remote deposit capture services; trust and wealth management services for businesses, individuals and non-profit and governmental entities, including financial planning, money management, custodial services and corporate trust services; real estate appraisals; credit-related life and disability insurance; automated teller machines (ATMs); telep! hone banking; online and mobile banking services, including electronic bill pay; debit cards, gift cards and safe deposit boxes, among other products and services. Through third party providers, the Company offers credit cards for consumers and businesses, processing of merchant debit and credit card transactions, and full service investment brokerage services.
On January 14, 2011, the Company, through the Bank, entered into a purchase and assumption agreement, pursuant to which the Bank acquired the former Oglethorpe Bank (Oglethorpe) with two offices in Georgia, including Brunswick and St. Simons Island. On April 29, 2011, the Company, through the Bank, entered into a purchase and assumption agreement, pursuant to which the Bank acquired the former First Choice Community Bank (First Choice) with seven offices in Georgia, including Dallas, Newnan (2), Senoia, Sharpsburg, Douglasville and Carrollton. On July 1, 2011, the Company closed one of the offices in Newnan, Georgia, and on October 26, 2011 the Company closed the office in Carrollton, Georgia.
Lending and Leasing Activities
The Company�� primary source of income is interest earned from its loan and lease portfolio and its investment securities portfolio. The Company�� portfolio of real estate loans includes loans secured by residential one- to four-family, non-farm/non-residential, agricultural, construction/land development, multifamily residential (five or more family) properties and other land loans. Non-farm/non-residential loans include those secured by real estate mortgages on owner-occupied commercial buildings of various types, leased commercial, retail and office buildings, hospitals, nursing and other medical facilities, hotels and motels, and other business and industrial properties. Agricultural real estate loans include loans secured by farmland and related improvements, including some loans guaranteed by the Farm Service Agency. Real estate construction/land development loans include loa! ns secure! d by vacant land, loans to finance land development or construction of industrial, commercial, residential or farm buildings or additions or alterations to existing structures. Included in the Company�� residential one- to four-family loans are home equity lines of credit.
The Company offers a variety of real estate loan products that are generally amortized over five to thirty years. The Company�� portfolio of consumer loans generally includes loans to individuals for household, family and other personal expenditures. The Company�� commercial and industrial loan portfolio consists of loans for commercial, industrial and professional purposes, including loans to fund working capital requirements (such as inventory, floor plan and receivables financing), purchases of machinery and equipment and other purposes. The Company offers a variety of commercial and industrial loan arrangements, including term loans, balloon loans and lines of credit with the purpose and collateral supporting a particular loan determining its structure. These loans are offered to businesses and professionals for short and medium terms on both a collateralized and uncollateralized basis. The Company obtains as collateral a lien on furniture, fixtures, equipment, inventory, receivables or other assets. The Company�� leases are primarily equipment leases for commercial, industrial and professional purposes, have terms generally ranging up to 48 months and are collateralized by a lien on the lessee�� interest in the leased property.
The Company�� portfolio of agricultural (non-real estate) loans includes loans for financing agricultural production, including loans to businesses or individuals engaged in the production of timber, poultry, livestock or crops. The Company�� agricultural (non-real estate) loans are generally secured by farm machinery, livestock, crops, vehicles or other agricultural-related collateral. A portion of the Company�� portfolio of agricultural (non-real estate) loans ! consists ! of loans to individuals which would normally be characterized as consumer loans but for the fact that the individual borrowers are primarily engaged in the production of timber, poultry, livestock or crops.
Deposits
The Company offers an array of deposit products consisting of non-interest bearing checking accounts, interest bearing transaction accounts, business sweep accounts, savings accounts, money market accounts, time deposits and individual retirement accounts. The Company acts as depository for a number of state and local Governments and Government agencies or instrumentalities. The Company�� deposits come primarily from within the Company�� trade area. As of December 31, 2011, the Company had $41 million in brokered deposits.
Other Banking Services
The Company offers an array of residential mortgage products, including long-term fixed and variable rate loans to be sold on a servicing-released basis in the secondary market. The Company originates residential mortgage loans to be resold on the secondary market primarily through its banking offices located in Arkansas��markets, many of its Texas banking offices and in certain of its acquired offices in the Southeastern United States. The Company offers a range of trust and wealth management services from its headquarters in Little Rock, Arkansas, with additional staff in Rogers, Arkansas. These trust and wealth management services include personal trusts, custodial accounts, investment management accounts, retirement accounts, corporate trust services, including trustee, paying agent and registered transfer agent services, and other incidental services. As of December 31, 2011, total trust assets were approximately $1.02 billion.
The Company offers treasury management products which are designed to provide specialized support to the treasury operations of business and public funds customers. The Company�� treasury management services include automated clearing house serv! ices (dir! ect deposit, direct payment and electronic cash concentration and disbursement), wire transfer, zero balance accounts, current and prior day transaction reporting, lock box services, remote deposit capture services, automated credit line transfer, investment sweep accounts, reconciliation services, positive pay services, credit line analysis and account analysis. It offers an online banking service for both business customers and consumers. Through this service customers can access their account information, pay bills, transfer funds, view images of cancelled checks, reorder checks, buy the United States Savings Bonds, change addresses, issue stop payment requests, receive detailed statements and handle other banking business electronically. The Company also provides businesses and consumers the option to electronically receive monthly bank statements and provides a 13-month archive of monthly statements and cancelled check images.
Advisors' Opinion:- [By Eric Volkman]
Bank of the Ozarks (NASDAQ: OZRK ) is rewarding its shareholders by paying a higher dividend. The company has declared a common stock dividend of $0.19 per share, to be handed out on July 19 to shareholders of record as of July 12. That amount is $0.02, or 12%, higher than the company's previous disbursement of $0.17 per share, which was paid in mid-April.
Top 5 Financial Stocks To Own For 2014: Federal Realty Investment Trust (FRT)
Federal Realty Investment Trust (the Trust) is an equity real estate investment trust (REIT) specializing in the ownership, management, and redevelopment of retail and mixed-use properties located in metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California. As of December 31, 2011, the Trust owned or had interest in community and neighborhood shopping centers and mixed-use properties, which are operated as 87 retail real estate projects, consisting approximately 19.3 million square feet. On December 30, 2011, it acquired an 8.1 acre land parcel adjacent to Plaza El Segundo. In January 2012, the Company acquired 89.9% interest in Montrose Crossing. In January 2013, the Company acquired East Bay Bridge shopping center. In April 2013, it acquired a shopping center on 9 acres directly across from the Noroton Heights train station. In January 2014, Federal Realty Investment Trust acquired controlling interest in two shopping centers totaling 285,600 square feet in affluent Monmouth County, New Jersey.
The Company�� portfolio includes retail in many formats ranging from regional community and neighborhood shopping centers, which are anchored by grocery stores to mixed-use properties, which are centered around a retail component but also include office, residential and/or hotel components. During the year ended December 31, 2011, the Company signed leases for a total of 1,417,000 square feet of retail space, including 1,294,000 square feet of comparable space leases. As of December 31, 2011, the real estate projects were 93.4% leased and 92.4% occupied. As of December 31, 2011, it owned a 30% interest in seven retail real estate projects totaling approximately one million square feet. As of December 31, 2011, the Company owned 90.9% interest in joint venture properties, which were leased and occupied.
Advisors' Opinion:- [By Brad Thomas]
REITs mentioned: (VTR), (OHI), (O), (DLR), (HCP), (HTA), (KIM), (FRT), (SPG), and (SKT).
Note: This article is intended to provide information to interested parties. As I have no knowledge of individual investor circumstances, goals, and/or portfolio concentration or diversification, readers are expected to complete their own due diligence before purchasing any stocks mentioned or recommended.
Top 5 Financial Stocks To Own For 2014: Agree Realty Corp (ADC)
Agree Realty Corporation, incorporated in December 1993, is a self-administered and self-managed real estate investment trust (REIT). The Company�� operations are conducted through, directly or indirectly, Agree Limited Partnership (Operating Partnership), of which the Company is the sole general partner, and in which it 96.59% interest as of December 31, 2011. The Company is focused primarily on the ownership, development, acquisition and management of retail properties net leased to national tenants. It specializes in acquiring and developing single tenant net leased retail properties for industry retail tenants. As of December 31, 2011, approximately 96% of its annualized base rent was derived from national tenants and regional tenants. At December 31, 2011, its portfolio consisted of 87 properties, located in 21 states containing an aggregate of approximately 3.6 million square feet of gross leasable area (GLA). At December 31, 2011, its portfolio included 75 freestanding single tenant net leased properties and 12 community shopping centers that were 92.7% leased. All of its freestanding property tenants and the majority of its community shopping center tenants have triple-net leases, which require the tenant to be responsible for property operating expenses, including property taxes, insurance and maintenance. In December 2012, the Company acquired LA Fitness and an AutoZone. In January 2013, the Company acquired 317 South State Street for redevelopment. In December 2012, the Company acquired a portfolio of four Applebee's restaurants, as well as an Advance Auto Parts. In Jnauary 2013, the Company sold Walgreens on Michigan Avenue in Ypsilanti , Michigan. In January 2013, it acquired Dick's Sporting Goods and Petsmart in St. Joseph, Missouri. In March 2013, it acquired three single tenant assets leased to retailers. In May 2013, the Company acquired two single tenant assets leased to Petsmart and Starbucks. In June 2013, Agree Realty Corp announced that it has acquired two single tenant assets ! leased to Wal-Mart Stores and AutoZone. In August 2013, Agree Realty Corporation acquired four single tenant assets leased to industry retailers. In September 2013, Agree Realty Corporation acquired an 112,230 square foot BJ's Wholesale Club located on Airport Road South in Allentown, Pennsylvania. In November 2013, Agree Realty Corp acquired two assets net leased to The Goodyear Tire & Rubber Company and Mattress Firm, Inc. In January 2014, the Company acquired Cannon Station in Fort Oglethorpe, Georgia. In February 2014, the Company announced the acquisition of two net lease properties and sale of Ironwood Commons shopping center.
In January 2011, the Company acquired a retail property net leased to AT&T located at the northwest corner of New Centre Drive and South College Road in Wilmington, North Carolina. In October 2011, it acquired a retail property leased on a long-term basis to Kohl's Department Stores, Inc. in Salt Lake City, Utah. In December 2011, the Company acquired Wawa convenience store and fuel station in Baltimore, Maryland, as well as a Walgreens pharmacy in Fort Walton Beach, Florida, and a CVS pharmacy in Leawood, Kansas. In May 2012, the Company acquired a 133,000 square foot retail property ground leased to Lowe's Home Improvement in Portland, Oregon. In June 2012, the Company sold the Charlevoix Commons shopping center in Charlevoix. In June 2012, the Company acquired a store leased to Dollar General Market in Cochran, Georgia, as well as the fee interest in the land underlying its Walgreens store in Ann Arbor, Michigan. In July 2012, the Company acquired a portfolio of three Wawa convenience and fuel stores. The stores are located in Clifton Heights, Pennsylvania, Newark, Delaware and Vineland, New Jersey and are master leased by Wawa. In July 2012, it acquired auto service store in Fort Mill, South Carolina leased to Goodyear Tire & Rubber Company. In August 2012, the Company closed on the acquisition of a parcel of land in Pinellas County, Florida. In August 2012,! the Comp! any sold Plymouth Commons shopping center and the Shawano Plaza shopping center. In September 2012, it acquired a Family Dollar store in Spartanburg, South Carolina, a USAA Financial Services Center in Jacksonville, North Carolina and an AutoZone store in Springfield, Illinois. In September 2012, it disposed its remaining assets that were formerly leased to Borders. In September 2012, the Company acquired a a parcel of land in Casselberry, Florida for the development of gas and convenience retailing. In November 2012, the Company acquired a Harris Teeter supermarket in Charlotte, North Carolina. In November 2012, the Company acquired a Big Lots store and a Dollar General Market.
Freestanding Properties
At December 31, 2011, the Company's 75 operating freestanding properties were leased to Walgreens (30), Rite Aid (7), CVS (6), Kmart (2), JP Morgan Chase (3), Los Tres Amigos (1), Dick�� Sporting Goods (1), Lake Lansing RA Associates, LLC (1), Meijer (1), Wal-Mart (Sam�� Club) (1), Kohl�� (2), PNC Bank (1), Lowe�� (1), Off Broadway Shoes (1), Wawa (1), Simply Amish (1), Advance Auto (1), Aldi (1), Natural Grocers (1), AT&T (1), TBC Tire stores (2), Books-A-Million (1), and vacant (8). Its freestanding properties provided $23,953,036, or approximately 70.4%, of its annualized base rent as of December 31, 2011, at an average base rent per square foot of $14.10. These properties contain, in the aggregate, 1,697,953 square feet of GLA or approximately 48% of its total GLA as of December 31, 2011. Of its 75 operating freestanding properties, 47 were developed by the Company. Its freestanding properties had a weighted average remaining lease term of 14.8 years as of December 31, 2011. The Company�� freestanding properties range in size from range in size from 3,215 to 170,393 square feet of GLA and are located in Arizona (one), California (one), Connecticut (one), Florida (one), Georgia (two), Illinois (four), Indiana (two), Kansas (four), Maryland (three), Michigan (36), Neb! raska (tw! o), New Jersey (one), New York (two), North Carolina (two), Ohio (two), Oklahoma (one), Pennsylvania (one), Texas (one), and Utah (one).
Community Shopping Centers
The Company�� 12 community shopping centers range in size from 20,000 to 241,458 square feet of GLA. The community shopping centers are located in five states: Florida (one), Illinois (one), Kentucky (one), Michigan (six) and Wisconsin (three). The Company�� community shopping centers are located in high traffic centers, in which customers of its tenants purchase day-to-day necessities. The Company�� community shopping centers are anchored by national tenants.
Advisors' Opinion:- [By Eric Volkman]
The position vacated by Salix in the S&P SmallCap 600 will be filled by Agree Realty (NYSE: ADC ) . Elsewhere on that index, DXP Enterprises (NASDAQ: DXPE ) �will replace True Religion Apparel (NASDAQ: TRLG ) . As with Gardner Denver in the S&P MidCap 400, True Religion Apparel is being acquired, in this case by private equity firm TowerBrook Capital Partners.
- [By Brad Thomas]
In the Triple-Net classroom, I consider Agree Realty (ADC) to be a "terrific kid." Like my younger bambino, Agree does not set any big records but they always show up ready to perform the best, every day.
Top 5 Financial Stocks To Own For 2014: iShares MSCI Spain Capped ETF (ISVS)
iShares MSCI Spain Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. Component companies are adjusted for available float and must meet objective criteria for inclusion in the Index. The Index is reviewed quarterly.
The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund�� investment advisor is Barclays Global Fund Advisors.
Advisors' Opinion:- [By abirk]
This San Jose, Calif.-based company offers a line of software and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring and engaging with content and experiences across multiple operating systems, devices and media. Adobe has three business segments: Digital Media, Digital Marketing, and Print and Publishing. The company distributes its products through a network of distributors, value-added resellers (VARs), systems integrators, independent software vendors (ISVs), retailers, and original equipment manufacturers (OEMs).
- [By abirk]
This San Jose, Calif.-based company offers a line of software and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring and engaging with content and experiences across multiple operating systems, devices and media. Adobe has three business segments: Digital Media, Digital Marketing, and Print and Publishing. The company distributes its products through a network of distributors, value-added resellers (VARs), systems integrators, independent software vendors (ISVs), retailers, and original equipment manufacturers (OEMs).
- [By abirk]
This San Jose, Calif.-based company offers a line of software and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring and engaging with content and experiences across multiple operating systems, devices and media. Adobe has three business segments: Digital Media, Digital Marketing, and Print and Publishing. The company distributes its products through a network of distributors, value-added resellers (VARs), systems integrators, independent software vendors (ISVs), retailers, and original equipment manufacturers (OEMs).
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