Boston, MA 05/30/2014 (wallstreetpr) – MGIC Investment Corp. (NYSE:MTG)’s Chief Operating Officer, Patrick Sinks, will lead a presentation at the 2014 KBW Mortgage Finance Conference in New York. The event will take place on June 3 at the Plaza Times Square. The presentation that will see the company’s executive provide highlight about the company’s opportunities, successes and possible challenges to the participating audiences, which are mostly industry players and investors.
MGIC Investment Corp. (NYSE:MTG) reported earnings of 15 cents per share on revenue of $235.10 million in the most recent quarter. Analysts on the average were looking for earnings per share of 11 cents on revenue of $242.35 million. MGIC Investment Corp. (NYSE:MTG) suffered a loss of 31 cents per share in the same quarter a year earlier. Revenue in the most recent quarter was down nearly 13 percent on a year-over-year basis.
Health Care REIT, Inc. (NYSE:HCN) has earmarked about $414 million for acquisitions this year. In the latest move, the company announced $200 million of that allocation will be spent in the acquisition of senior housing by the end of 2Q. The rest of the money will be spread for the balance of the year of which $162 million is expected to go into the acquisition of medical office buildings.
Health Care REIT, Inc. (NYSE:HCN) intends to spend about $23 million in a joint venture in Canadian seniors housing. About $30 million of the 2014 acquisition allocation will be spent on acquisition of post-acute care properties. The just announced acquisition plans come on the back of the about $400 million in a joint venture with Senior Resources Group of California.
In addition to the investment updates, Health Care REIT, Inc. (NYSE:HCN) also updated on its equity offering. The company is offering 12 million shares of its common stock with an option for the underwriters to purchase 1.8 more shares in case of over allotments. Bank of America Corp (NYSE:BAC) is participating in the offering as a joint book-running manager.
Eldorado Gold Corp (USA) (NYSE:EGO) looks forward to long-term profitability as it enhances its capacity. The company realized profits in 1Q2014 because of increased production that offset the impact of poor gold prices. It earned 4 cents per share in the quarter, compared with a net loss of 6 cents per share in 1Q 2013.
