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Huntington Preferred Capital Inc. (HPCCP) [hlAlert]

Huntington Preferred Capital, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in acquiring, holding, and managing mortgage assets and other authorized investments; and investing in real estate assets, which include residential real estate loans and commercial real estate loans, including participation interests in residential or commercial real estate loans and mortgage-backed securities. The company?s participation interests in commercial real estate loans are secured
by real properties, such as office buildings, multi-family properties, family residences, office and industrial condominiums, retail space, strip shopping centers, mixed use commercial properties, mobile home parks, nursing homes, hotels and motels, churches, and farms, as well as industrial, warehouse, and self-storage properties. It also owns participation interests in consumer loans, primarily secured by mortgage on the borrower?s primary residence for home improvements, acquisition of furniture and fixtures, and debt consolidation, as well as in adjustable rate, fixed rate, conforming, and nonconforming residential real estate loans. The company has elected to be taxed as a REIT under the provisions of the Internal Revenue Code. As a REIT, it would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1992 and is based in Columbus, Ohio.
( Total: Current Stock Recommendations )
Huntington Preferred Capital Inc.   ()
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