Boston, MA -- (SBWIRE) -- 08/19/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (DiamondRock Hospitality Company (NYSE:DRH), Spirit Realty Capital Inc (NYSE:SRC), Medical Properties Trust, Inc. (NYSE:MPW), Hovnanian Enterprises, Inc. (NYSE:HOV)
DiamondRock Hospitality Company (NYSE:DRH) shares closed at $9.94. The company on August 9 posted higher second-quarter net income of $15.07 million, or $0.08 a share, compared with last year's $8.94 billion, or $0.05 a share. Funds from operations or FFO totaled $42.27 million during the recent period, while quarterly adjusted FFO amounted to $43.2 million, or $0.22 per share. Analysts expected earnings per share of $0.21 for the quarter. Total revenues were $224.18 million, an increase compared with $180.95 million a year earlier. Analysts estimated revenues of $218.74 million for the quarter.
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Spirit Realty Capital Inc (NYSE:SRC) shares declined 0.57% to $8.78. The company on August 8 said second-quarter funds from operations, or FFO, improved to $21.4 million or $0.25 per share from $19.4 million or $0.49 per share in the same period last year. Adjusted FFO for the quarter was $37.9 million or $0.45 per share. Analysts expected the company to earn $0.19 per share for the quarter. Second-quarter loss attributable to common stockholders widened to $11.7 million or $0.14 per share from $8.8 million or $0.34 per share last year. Revenues totaled $72.8 million, up 7.2 percent from $68.0 million. Analysts expected revenues of $73.22 million.
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Medical Properties Trust, Inc. (NYSE:MPW) shares dropped 3.39% to $12.27. The company on August 15 announced that it has priced its underwritten public offering of 10,000,000 shares of common stock at a public offering price of $12.75 per share. The offering is expected to close on or about August 20, 2013, subject to customary closing conditions. The Company estimates that the net proceeds from the offering, after deducting discounts and commissions and estimated offering expenses, will be approximately $122.0 million or approximately $140.4 million if the underwriters' option to purchase additional shares is exercised in full.
Additionally, the company on August 15 announced that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share of common stock to be paid on October 10, 2013, to stockholders of record on September 12, 2013.
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Hovnanian Enterprises, Inc. (NYSE:HOV) stock declined 0.75% to $5.28. The company will begin trading ex-dividend on August 12, 2013. A cash dividend payment of $0.453125 per share is scheduled to be paid on August 15, 2013. Shareholders who purchased HOVU stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, HOV’s stock was upgraded by equities research analysts at UBS AG from a “neutral” rating to a “buy” rating in a research note issued to investors on August 14.
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