Orlando, FL -- (SBWIRE) -- 10/09/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On American Realty Capital Properties Inc(NASDAQ:ARCP), GT Advanced Technologies Inc(NASDAQ:GTAT).
American Realty Capital Properties Inc(NASDAQ:ARCP) shares decreased 2.92% to $12.29. The company on Oct. 7 announced that it has signed an amendment to the previously announced merger agreement with American Realty Capital Trust IV, Inc. The companies noted that the amendment was made due to challenges that emerged in capital markets that impacted the original agreement. Still, the deal is expected to be completed in the fourth quarter of 2013.
Additionally, the company on Sept. 27 announced that, pursuant to the prior authorization of its board of directors, ARCP has declared an annualized dividend of $0.910 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month, payable on the 15th day of such month. Accordingly, on October 15, 2013, the Company will pay a dividend of $0.07583 per share to stockholders of record at the close of business on October 8, 2013.
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GT Advanced Technologies Inc(NASDAQ:GTAT) shares decreased 6.26% to $8.24. Credit Suisse has upgraded its price-target for GT Advanced Technologies Inc (NASDAQ:GTAT) on Sept. 18 from $4.50 to $5.00 and it has currently assigned a “neutral” rating in the stock. Separately, Stephen Chin of UBS boosted GT Advanced, a sapphire equipment supplier, to "Buy" from "Neutral." He increased its price target to $10 from $5.50. Chin said in a client note that it seems that the major consumer electronics companies are using sapphire as a key way to differentiate their products. GT Advanced produces sapphire used in the LED and other markets, such as the aerospace, defense, and medical devices.
Is GTAT going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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