Home Banking Watch List: Trina Solar Limited (ADR), Chimera Investment Corporation, Inland Real Estate Corporation, Associated Estates Realty Corporation

Watch List: Trina Solar Limited (ADR), Chimera Investment Corporation, Inland Real Estate Corporation, Associated Estates Realty Corporation

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rina Solar Limited (ADR) (NYSE:TSL) shares declined 11.63% to $6. The company, on May 14, cut its solar module shipments view for the first quarter without offering a reason, while also detailing certain one-time items that would affect results for the quarter. The company now expects solar module shipments between 390 megawatts and 400 MW, compared with its previous guidance of 420 MW to 430 MW. It expects its gross margin to be between 1% to 3%, in line with its previous guidance of low single digits in percentage terms.

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Chimera Investment Corporation (NYSE:CIM) shares declined 3.82% to $3.02. The company, on May 6 announced that the Board of Directors has decided to maintain a quarterly dividend of $0.09 per share for each of the third quarter and fourth quarter of 2013. The Board of Directors will review this program after the conclusion of the fourth quarter of 2013. As previously announced, the Company set a regular quarterly dividend of $0.09 per share for each of the first quarter and second quarter of 2013. Portions of 2013 dividends may be ordinary income, capital gains or a return of capital.

Inland Real Estate Corporation (NYSE:IRC) stock decreased 5.14% to $10.57. The company on May 28 announced that it intends to offer 9,000,000 shares of its common stock in an underwritten public offering. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock to cover over-allotments, if any. BofA Merrill Lynch, Wells Fargo Securities, BMO Capital Markets and KeyBanc Capital Markets are acting as joint book-running managers for the offering.

Associated Estates Realty Corporation (NYSE:AEC) shares dropped 5.23% to $17.03 in the early hour. The company on May 29 announced that it has priced a public offering of 6.50 million of its common shares at a price of $17.25 per share, all of which are being offered in connection with the forward sale agreements.

Associated Estates also granted the underwriters a 30-day option to purchase up to an additional 975,000 of its common shares. The offering is expected to close on or about June 3, 2013, subject to customary closing conditions.