HCP had previously said it would offer 31 million shares, but strong investor demand led the medical REIT to up its offering.
It raised around $1.47 billion, funds it will use along with cash on hand to finance its $6.1 billion acquisition of privately owned HCR ManorCare. The acquisition of 338 post-acute, skilled nursing and assisted living facilities was inked in mid-December.
HCP shares lost 0.9% to $37.06 on Tuesday.
American Capital Agency (AGNC) said in early December it agreed to sell 8 million of its common shares in a secondary offering to raise $219 million, plus an option for an additional 1.2 million shares to cover overallotments.AGNC said it intends to use the capital to acquire additional agency securities as market conditions warrant and for general corporate purposes. American Capital shares were 1% lower at $28.40 Tuesday afternoon. Stocks in the
(MORN) noted that REITs have been catching on with a number of exchange-traded fund investors who consider them as potential hedges against inflation. The investment research firm pointed to inflows of $312 million to the iShares Dow Jones U.S. Real Estate (IYR), and $371 million of net inflows to the Vanguard REIT Index (VNQ) in the third quarter as evidence of the growing interest in REITs. -- Written by Miriam Marcus Reimer in New York.
>To contact the writer of this article, click here: Miriam Reimer. >To follow the writer on Twitter, go to http://twitter.com/miriamsmarket. >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV