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How 'Serial Issuers' Of Debt And Equity Win: Morgan Stanley, Darden And Triple-Net REITs
Friday, July 10, 2015 - 1:00pm | 971Read More...When companies such as Darden Restaurants, Inc. (NYSE: DRI) that own restaurant locations spin the real estate out as REITs, how does that add value for shareholders? On Thursday, Morgan Stanley analyst John Glass and his team published "Restaurants and REITs" to help investors understand the...
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Is Darden's REIT Announcement A Recipe For Success?
Tuesday, June 23, 2015 - 5:49pm | 805Read More...Next year in addition to soup, salad, seafood and breadsticks, there will be a new item on the shareholder menu at $8.7 billion cap Darden Restaurants, Inc. (NYSE: DRI). Darden intends to spin-out a large percentage of its owned restaurants into a new REIT to be owned by shareholders. Darden...
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Key Takeaways From ARCP 2014 Earnings Call And Presentation
Tuesday, March 31, 2015 - 2:10pm | 742Read More...American 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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Exclusive: STORE Capital CEO Chris Volk On REITs And The Year Ahead
Monday, January 12, 2015 - 12:26pm | 860Read More...“This is as close as a businessman can get to the sort of feeling you might have if you were a pro athlete winning a third major in something,” said STORE Capital Corp (NYSE: STOR) CEO, Chris Volk. Speaking to Benzinga from New York where he and fellow STORE Capital executives...
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Activist Investors Picking Up Where They Left Off
Saturday, January 10, 2015 - 2:05pm | 548Read More...Love them or hate them, activist investors have been making their presence known over the past five years, and it looks like 2015 will be no exception. This week, Trian Fund Management LP, led by activist investor Nelson Peltz, squared up for a standoff with E I Du Pont De Nemours And Co (NYSE:...
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Dow Breaks Four-Day Losing Streak As Calm Restores Last Week's Jittery Market
Monday, August 4, 2014 - 4:57pm | 2610Read More...U.S. stocks rallied to start the week on a positive note. Investors are looking for bullish signs that can erase last weeks declines, as the S&P 500 had its largest weekly drop since 2012 and the Volatility Index surged more than 30 percent. Portugal's Central Bank plans to spend 4.9...
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Markets Little Changed Ahead Of The Federal Reserve's Policy Decision
Monday, July 28, 2014 - 4:36pm | 2462Read More...U.S. stocks were little changed ahead of the Federal Reserve's policy announcement due out on Wednesday. The Federal Reserve will conclude a two-day session, with the central bank likely to announce further cuts to its monthly asset purchases. In economic news, June home sales declined in...
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Markets Little Changed As The Quarter Comes To An End
Monday, June 30, 2014 - 4:34pm | 2316Read More...U.S. stocks were little changed as the second quarter comes to an end. Investors and traders are likely spending the last day of the quarter the same way they did to ring in the quarter: questioning the direction of the U.S. economy and wondering what is in store in the coming quarter. One...
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Market Wrap for Friday, May 16: Stocks Rally Out Of Thursday's Valley
Friday, May 16, 2014 - 5:01pm | 717Read More...A late day rally led markets higher to recover some value lost during Thursday’s sell off. Major Indexes The Dow Jones Industrial Average rose surged 44.5 points, or 0.27 percent to close at 16,491. The S&P 500 added 7.01 points, or 0.37 percent to close at 1,878. The Nasdaq rose 21....
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Darden Restaurants To Sell Red Lobster Business To Golden Gate Capital For $2.1 Billion
Friday, May 16, 2014 - 9:37am | 338Read More...Shares of both Darden Restaurants (NYSE: DRI) and American Realty Capital Properties (NASDAQ: ARCP) are seeing some activity in Friday's premarket amid news the former will sell its Red Lobster unit and the latter will purchase the unit's real estate assets. Darden Restaurants said it has agreed...
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Bloomin' Brands vs. Darden Restaurants - Which Would You Rather Invest In?
Wednesday, March 12, 2014 - 1:55pm | 638Read More...Between restaurant brand powerhouses Bloomin’ Brands (NASDAQ: BLMN) and Darden Restaurants (NYSE: DRI) can be found some of the most ubiquitous restaurant chains in the United States. Bloomin’ is home to such notable dining establishments as its flagship Outback Steakhouse brand,...
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Market Wrap For March 11: Markets End Slightly In The Red As Ukraine Worries Persist And Continued Chinese Conerns
Tuesday, March 11, 2014 - 4:42pm | 2333Read More...U.S. stocks declined as investors continue to question China's growth prospects following Monday's shocking report that its exports had tumbled in February. Certainly not helping investor sentiment is the fact that Crimea's parliament voted to declare independence from Ukraine. This weekend,...
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Market Wrap For March 3: Markets Lower On Ukraine Tension
Monday, March 3, 2014 - 5:57pm | 2716Read More...U.S. stocks traded lower as investors worry Russia's next step in its use of military force in Ukraine. The Dow saw its worst day in a month while other major indices finished noticeably lower. Investors moved away from equities and found what is believed to be a safe haven in gold and other...
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Market Wrap For February 24: Markets Showing Strength To Start The Week
Monday, February 24, 2014 - 5:46pm | 3826Read More...U.S. stocks rose as investors as the S&P 500 traded at new historical highs and clearing its 2014 losses. Investors shrugged off disappointing earning reports and economic data and chose to focus on several prominent merger and acquisition activities. The S&P 500 hit a new intra-day...
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Darden Ditches Red Lobster Chain, Halts Expansion Of Olive Garden & LongHorn Steakhouse
Friday, December 20, 2013 - 12:27pm | 591Read More...After reporting Q2 14 EPS of $0.20, in line with the consensus and revenue of $2.05 billion, short of the $2.07 billion consensus estimate, Darden Restaurants (NYSE: DRI) said it planned to sell or spin off its 705 restaurant Red Lobster chain. Although Red Lobster has been a weak performer of...
