Atlanta, GA – Scibility Media – 10/29/2014.
This article discusses two companies: Pebblebrook Hotel Trust(NYSE:PEB) and Medidata Solutions Inc(NASDAQ:MDSO)
Pebblebrook Hotel Trust(NYSE:PEB) announced the pricing of a common offering of 3.2 million common shares yesterday. The announcement came five days after the real estate investment trust reported its third quarter 2014 financial results. The Maryland-based company, which invests in hotel properties throughout the United States, reported that it had invested $16.1 million in capital improvements throughout its portfolio, including $2.9 million in the Radisson Hotel Fisherman’s Wharf and $1.7 million in the Embassy Suites San Diego Bay – Downtown. The company expects an approximate net proceeds of $127.1 million from its public offering. Pebblebrook Hotel Trust has a market capitalization of over $2.7 billion and 67.75 million tradable shares.
Medidata Solutions Inc(NASDAQ:MDSO) is a New York-based healthcare information services company that provides cloud-based clinical development solutions for life sciences in the United States. The popularity of cloud-based solutions is spiking in the healthcare industry. As a result, Medidata Solutions is properly placed within its industry.
The New York-based company reported its third quarter financial results yesterday. The figures include a total revenue of $86 million, a 21% increase from the $70.9 million mark recorded for the same period during the previous fiscal year. However, Medidata Solutions only reported a GAAP net income of $0.2 million, or $0.00 per diluted share. This represents a $5.1 million decrease year-over-year.
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