MGM Resorts International (NYSE:MGM) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -1.41% to 24.49 with about 4.81 Million shares have changed hands in this session. MGM Resorts International (MGM) revealed that it has priced a public offering of $500,000,000 in aggregate principal amount of 4.625% senior notes due 2026 at par. The transaction is predictable to close on August 19, 2016. The Firm intends to use the net proceeds from the offering of the notes, together with cash on hand, to redeem its 7.625% senior notes due 2017.
Pending such use, the Firm may invest the net proceeds in short-term interest-bearing accounts, securities or same investments. The notes being provided will be general unsecured senior obligations of the Firm, guaranteed by substantially all of the Firm’s wholly owned domestic subsidiaries that guarantee the Firm’s other senior indebtedness, and equal in right of payment with all existing or future senior unsecured indebtedness of the Firm and each guarantor. The stock is going forward its fifty-two week low with 51.36% and lagging behind from its 52-week high price with -3.16%.
The positive performance for the quarter recorded as 11.42% and for the year was 8.17%, while the YTD performance remained at 7.79%. MGM has Average True Range for 14 days of 0.46.
Hospitality Properties Trust (NASDAQ:HPT) [Trend Analysis] retains strong position in active trade, as shares scoring -4.23% to $30.55 in a active trade session, while looking at the shares volume, about 11.5 Million shares have changed hands in this session. Hospitality Properties Trust (HPT) revealed that it has priced a public offering of 11,000,000 ordinary shares at a price to the public of $30.75 per ordinary share. The settlement of this offering is predictable to occur on August 19, 2016. HPT expects to use the proceeds of this offering to repay amounts outstanding under its unsecured revolving credit facility and for general business purposes.
The underwriters have been granted a 30-day option to purchase up to an additional 1,650,000 ordinary shares. The joint bookrunning managers for this offering are Citigroup, BofA Merrill Lynch and Morgan Stanley. The joint lead managers for this offering are Jefferies, RBC Capital Markets and UBS Investment Bank. The co-managers of this offering are Baird, BB&T Capital Markets, Cannacord Genuity, Cantor Fitzgerald & Co., D.A. Davidson & Co., FBR, Janney Montgomery Scott, JMP Securities and Oppenheimer & Co. The firm has institutional ownership of 82.00%, while insider ownership included 0.50%. HPT attains analyst recommendation of 2.80 with week’s performance of -4.20%. Investors looking additional ahead will note that the Price to next year’s EPS is 12.96%.
Shares of The Royal Bank of Scotland Group plc (NYSE:RBS) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of remains unchanged to close at $5.00. Global software major, Infosys Ltd. will soon lay off about 3,000 techies since the Royal Bank of Scotland (RBS) has cancelled the contract for setting up a new bank. “Subsequent to this (RBS) decision, we will carry out an orderly ramp-down of about 3,000 persons, primarily in India, over the next few months,” the city-based IT major revealed on its website but did not share details with the media. The Edinburgh-based RBS reported last week that it would no longer pursue its plan to separate and list a new UK (British) standalone bank (W&G) and instead pursue other options for the divestment of its business. Moving forward to saw long-term intention, RBS; experts calculate Return on Investment of 6.70%. The stock is going forward its fifty-two week low with 27.88% and lagging behind from its 52-week high price with -53.27%. RBS last month stock price volatility remained 2.03%.