Keefe, Bruyette And Woods Maintain Strategic Hotels & Resorts Outperform, $7 PT (BEE)

Keefe, Bruyette And Woods maintained its Strategic Hotels & Resorts BEE Outperform rating and $7 price target in a research note published today.

In the report, Keefe, Bruyette And Woods states, "We believe BEE is close to refinancing 4 loans and resetting its credit line, which could reduce the number of assets held as collateral. Continued balance sheet improvements coupled with positive operating trends supports shares, in our view."

Shares of Strategic Hotels & Resorts were at $5.78 in Thursday after hours trading, down 0.09% from Thursday's market close.