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Vereit Brings New Life To American Realty Capital Properties; Earnings Call Answers Lingering Questions
Friday, August 7, 2015 - 3:22pm | 1056It is a difficult task to regain the trust of shareholders who have been misled in the past. On Thursday, new CEO Glenn Rufrano hosted the inaugural Vereit Inc (NYSE: VER) earnings call for the quarter ended June 30, 2015. Shareholders and investors who follow publicly traded REITs are familiar...
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Key Takeaways From The WP Carey Q1 Earnings & Conference Call
Tuesday, May 19, 2015 - 7:39am | 877On May 18, W.P. Carey Inc. (NYSE: WPC) reported earnings, reaffirmed FY guidance and declared another dividend increase, pretty much business as usual. W.P. Carey is a member of the single-tenant, triple-net REIT family, but trades at a notable discount to its better known peers Realty Income (...
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ARCP CEO Glenn Rufrano, Key Takeaways From First Earnings Call
Friday, May 8, 2015 - 3:30pm | 1095One of last year's biggest REIT stories resulted in American Realty Capital Properties Inc (NASDAQ: ARCP) Executive Chairman Nick Schorsch and then-new CEO David Kay stepping down amid accounting errors and related cover-ups. Fast forward to Thursday and five weeks into his tenure, new CEO Glenn...
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Key Takeaways From ARCP 2014 Earnings Call And Presentation
Tuesday, March 31, 2015 - 1:10pm | 742American Realty Capital Properties Inc (NASDAQ: ARCP) on Monday hosted a conference call to discuss the delayed release of its Q4 and FY 2014 results. Additionally, ARCP posted a 24 slide presentation of financial highlights and a review of where the business currently stands. By the end of...
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JMP Securities Reinstates Coverage On ARCP, Revises Estimates
Wednesday, March 4, 2015 - 2:25pm | 479On Tuesday, JMP Securities reinstated coverage of beleaguered American Realty Capital Properties Inc (NASDAQ: ARCP) at Market Perform, noting "the risk-reward is balanced at current levels." Shares of ARCP had closed at $10.08 per share on the day the JMP note was released,...
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American Realty Capital Properties' Big Release Was A Mixed Bag; No Bombshells, But No CEO And No Dividend Yet
Monday, March 2, 2015 - 2:54pm | 888On Monday, American Realty Capital Properties Inc (NASDAQ: ARCP) released a statement and hosted a conference call presentation updating its progress to date regarding the review of its past accounting and other issues surrounding the departure of former Chairman Nick Schorsch late last year....
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The Other Shoe Drops: Nick Schorsch Steps Down From RCS Capital, New York REIT
Tuesday, December 30, 2014 - 2:49pm | 420The agonizing wait for shareholders and registered investment advisors is now over. Nick Schorsch on Tuesday resigned as chairman at RCS Capital Corp (NYSE: RCAP) and New York REIT Inc (NYSE: NYRT). According to Bloomberg, Schorsch has chosen to also resign from 11 affiliates of AR Capital,...
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These Shareholders Just Got Another Lump Of 'Cole' For Christmas
Wednesday, December 24, 2014 - 5:06pm | 762It appears that "winter is coming," again, for battered common shareholders. American Realty Capital Properties Inc (NASDAQ: ARCP)'s corporate suite and boardroom has been in turmoil during the last quarter of 2014. For optimistic investors who were hoping to receive a...
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Shares of American Realty Capital Properties Lower Following Business Update
Wednesday, December 24, 2014 - 8:54am | 212Shares of American Realty Capital Properties Inc (NASDAQ: ARCP) were trading lower during Wednesday's pre-market session after the company issued a business update. Shares were down 3.7 percent at $8.02. The company reported that it obtained an additional lender waiver and extension for...
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ARCP's Epic Management Shake-Up: What Does It Signal?
Tuesday, December 16, 2014 - 3:33pm | 1057The departure of the architect of American Realty Capital Properties, Inc. (NASDAQ: ARCP)'s "growth at any price" strategy Executive Chairman Nick Schorsch should have been a surprise to absolutely nobody who even remotely follows the REIT sector. However, David S. Kay stepping...
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Citigroup Upgrades RCS Capital, Notes 'Upside Now Exceeds Downside'
Tuesday, December 16, 2014 - 9:46am | 191William Katz of Citigroup on Tuesday upgraded shares of RCS Capital Corp (NYSE: RCS) to Buy from Neutral with a price target raised to $19 from a previous $13 following a recent meeting with the company's management. “We came away from our recent management meeting constructive around...
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5 Key Takeaways From B Of A/Merrill Lynch's Presentation On RCS Capital
Monday, December 8, 2014 - 10:47am | 757On December 4, RCS Capital Corporation (NYSE: RCAP) announced that it had settled the litigation with American Realty Capital Properties, Inc. (NADSAQ: ARCP) over the aborted deal to acquire ARCP's Cole Capital Advisors' business unit. Coincidentally, on December 3, RCS Capital CEO Mike...
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The Saga Shaking The REIT World
Friday, November 14, 2014 - 11:29am | 959Who knew REITs could be so exciting? Here's what investors need to know in order to appreciate the significance of the lack of one e-mail review. First, a small accounting scandal and related cover-up was announced on October 29 by American Realty Capital Properties Inc (NASDAQ: ARCP),...
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Why The Triple-Net Lease REIT Sector Remains Strong And Hit 52-Week Highs
Thursday, November 6, 2014 - 8:40am | 1085Despite American Realty Capital Properties Inc's (NASDAQ: ARCP) recent fall from grace, there is absolutely nothing wrong with the single-tenant triple-net REIT business model. In fact, four of American Realty Capital's REIT peers traded at or near 52-week highs on November 4, when...
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Does American Realty Capital Properties Have More Explaining To Do?
Tuesday, November 4, 2014 - 3:43pm | 775The adage "where there is smoke there is fire" once more becomes a self-fulfilling prophecy as the FBI reportedly joins the SEC in investigating American Realty Capital Properties Inc's (NASDAQ: ARCP) accounting irregularities that were made public last week. Adding Fuel To The...