ARCT: American Realty Capital Trust, Inc. Instablogs

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Wednesday, January 16, 12:06 PM American Realty Capital Trust (ARCT) shareholders approve the merger with Realty Income (O). There had been some question about approval and Realty Income's sweetening of the deal last week - with ARCT executives putting their skin in - no doubt helped smooth passage. (PR) Comment! [Financials, M&A]
Monday, January 7, 6:54 AM The merger deal likely in trouble, Realty Income (O) sweetens its offer to include an immediate cash payment to American Realty Capital (ARCT) investors of $0.35/share (2.9% of the stock price). Helping to fund the $55.5M payment are the Chairman and CEO of ARCT. Upon closing, Reality Income announces a dividend increase of $0.35/share, a near tripling of the expected post-merger bump. (PR) 6 Comments [Financials, M&A]
Wednesday, January 2, 8:36 AM It remains to be seen whether this deal closes - American Realty Capital (ARCT) reaffirms its recommendation to merge with Realty Income (O). The move comes in response to ISS urging shareholders to vote against the merger. The ISS analysis "fails to take into consideration the technical nature of the net lease REIT sector and certain key REIT industry metrics. A vote is scheduled for Jan. 6. (PR) 3 Comments [Financials, M&A]
Monday, October 29, 2012, 12:10 AM Notable earnings after Monday’s close: AGNC, APC, ARCT, AUY, BIDU, CRUS, FLS, FMC, FST, GEOY, HLF, HTZ, LEG, LIFE, MAS, MNKD, OII, PMCS, SCCO, VRTX, XCO Comment! [Earnings]
Sunday, October 28, 2012, 5:35 PM Notable earnings after Monday’s close: AGNC, APC, ARCT, AUY, BIDU, CRUS, FLS, FMC, FST, GEOY, HLF, HTZ, LEG, LIFE, MAS, MNKD, OII, PMCS, SCCO, VRTX, XCO 1 Comment [Earnings]
Thursday, September 27, 2012, 12:08 PM American Realty Capital Trust (ARCT) declares $0.05958/share monthly dividend, in line with previous. Forward yield 6.07%. For shareholders of record Oct 08. Payable Oct 15. Ex-div date Oct 04. (PR) Comment! [Dividends]
Thursday, September 6, 2012, 1:03 PM More on the Realty Income (O) purchase of American Realty (ARCT): The purchase reflects Realty Income's desire to improve tenant quality, says Joshua Barber, but at the cost of getting into new property types (non-retail). He has his doubts about the transaction improving on an "historically strong operating profile." 4 Comments [M&A, Financials]
Thursday, September 6, 2012, 9:10 AM Premarket gainers: IMUC +14%. MW +11%. OREX +10%. ARCT +8%. SHLD +7%. NAV +7%.
Losers: OCZ -30%. PAY -11%. WCRX -10%. Comment! [On the Move]
Thursday, September 6, 2012, 7:31 AM Realty Income (O) agrees to purchase American Realty Capital Trust (ARCT) in a stock deal currently valued at $2.95B. ARCT stockholders will receive 0.2874 Realty Income shares for each share they own, $12.21 based on yesterday's close. ARCT +4.5% premarket. (PR) 4 Comments [Financials, M&A]
Wednesday, August 1, 2012, 1:30 AM American Realty Capital Trust (ARCT) declares $0.05958/share monthly dividend, 2.14% increase from prior dividend of $0.05833. Forward yield 6.48%. For shareholders of record Sep 08. Payable Sep 15. Ex-div date Sep 06. (PR) Comment! [Dividends]
Monday, May 7, 2012, 8:22 AM American Realty Capital Trust (ARCT): Q1 EPS of $0.14 misses by $0.04. Revenue of $45.6M (+118% Y/Y) beats by $25M. (PR) Comment! [Earnings]
Thursday, March 29, 2012, 7:01 PM American Realty Capital Trust (ARCT) dips in after hours trading after announcing the withdrawal of its secondary offering. The company says it withdrew the registration statement because it was pleased with the results of its recent tender offer. Shares -3.4% AH. Comment! [On the Move]

ARCT American Realty Capital Trust, Inc.

ARCT

American Realty Capital Trust, Inc.