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Wells Fargo Initiates LTC At Outperform
Thursday, July 28, 2011 - 8:32am | 22Wells Fargo has initiated coverage on LTC Properties (NYSE: LTC) with an Outperform rating.
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Stocks to Watch for Thursday 7/28/2011: Fresh 52 Week Highs and Lows
Thursday, July 28, 2011 - 2:37am | 3403Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and entry/exit points become more clearly defined. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to...
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Health Care REIT Announces Closing of New $2.0B Unsecured Revolving Credit Facility
Wednesday, July 27, 2011 - 5:06pm | 115Health Care REIT, Inc. (NYSE: HCN) announced today that it has closed a $2.0 billion unsecured revolving credit facility which replaces the existing $1.15 billion unsecured revolving credit facility that was scheduled to mature August 2012. Health Care REIT's new facility has a four-year term...
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KBW Decreases EPS Estimates For DiamondRock Hospitality Company
Tuesday, July 26, 2011 - 11:23am | 51According to KBW, DiamondRock Hospitality Company (NYSE: DRH), EPS estimates have been decreased. KBW announced decreased EPS estimates from $0.68 to $0.66 for FY11 and from $0.87 to $0.85 for FY12. Price Target is set to $12.50 and rating is set to Market Perform. DRH closed yesterday at $10.23.
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KBW Updates Estimates and PT Of PCL
Tuesday, July 26, 2011 - 11:08am | 63According to KBW, Plum Creek Timber Company (NYSE: PCL), estimates and PT have changed. KBW reported a change in the EPS estimates for Plum Creek Timber from $1.33 to $1.22 for FY 11 and from $1.58 to $1.40 for FY12. Price Target has been decreased from $40 to $38 and rating is currently set to...
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Jefferies Discusses DiamondRock Hospitality Company
Tuesday, July 26, 2011 - 10:39am | 40According to Jefferies, DiamondRock Hospitality Company (NYSE: DRH), earnings are below estimates. Jefferies reported AFFO/share of Diamondrock to be $0.15, $0.02 below estimates. Rating is currently set to Hold. DiamondRock closed yesterday at $10.23.
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Jefferies Reiterates Hold Rating On DiamondRock
Tuesday, July 26, 2011 - 8:05am | 90According to Jefferies, DiamondRock Hospitality (NYSE: DRH) Hold rating is reiterated. Jefferies said that it believes the lower than expected performance in 2Q11 reaffirms the belief that DRH's portfolio remains underrepresented in top markets as compared with other REITs and is bearish for the...
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Hospitality Properties Trust Revises and Extends its Contracts with InterContinental Hotels Group
Monday, July 25, 2011 - 5:08pm | 40Hospitality Properties Trust (NYSE: HPT) today announced that it has revised and extended its hotel management contracts with InterContinental Hotels Group, plc (NYSE: IHG).
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Rayonier to Split Stock 3 for 2, Increase Dividend by 11.1% to $0.40
Monday, July 25, 2011 - 8:01am | 95Rayonier (NYSE: RYN) announced today that its board of directors has approved a three-for-two stock split and an 11.1 percent increase in the quarterly cash dividend to 40 cents per common share on a post-split basis. The split will be effected in the form of a stock dividend by issuing one-half...
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Earnings Scheduled For July 25
Monday, July 25, 2011 - 4:42am | 459Kimberly Clark Corp (NYSE: KMB) is expected to report its Q2 earnings at $1.15 per share on revenue of $5.13 billion. Broadcom Corp (NASDAQ: BRCM) is estimated to post its Q2 earnings at $0.63 per share on revenue of $1.80 billion. Baker Hughes Incorporated (NYSE: BHI) is expected to report its...
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Commercial Real Estate Week in Review
Saturday, July 23, 2011 - 1:01am | 362Commercial Real Estate Week in Review for the Week of July 16th to July 22nd - REITs Are Ripe for the Picking - Wall Street is Shocked by REIT Performance - Singapore's K-REIT is Set to Acquire Stake in Australian Property - RioCan Teams Up With Dunhill Partners to Buy Arlington Shopping Center -...
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Sterne Agee Has Buy On The Cheesecake Factory Incorporated
Thursday, July 21, 2011 - 9:31am | 147Sterne Agee is out with a research report on The Cheesecake Factory Incorporated (NASDAQ: CAKE) and it has a Buy rating on shares after it reported earnings last night. It has a $36 price target on shares. In a note to clients, Sterne Agee writes, "We are maintaining our BUY rating based on the...
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Stocks to Watch for Thursday 7/21/2011: Fresh 52 Week Highs and Lows
Thursday, July 21, 2011 - 5:36am | 2699Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...
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Strategic Hotels & Resorts Announces Closing of a Five-Year, $130 Million Loan Secured by the Four Seasons Washington, D.C.
Wednesday, July 20, 2011 - 3:15pm | 107Strategic Hotels & Resorts, Inc. (NYSE: BEE) today announced that it has closed a $130.0 million limited recourse loan secured by the Four Seasons Washington, D.C. hotel. The property was previously collateral for the Company's revolving credit facility. "Encumbering this property with single...
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Rodman & Renshaw Reiterates Market Perform on Host Hotels & Resorts
Wednesday, July 20, 2011 - 8:47am | 41Rodman & Renshaw reiterated its Market Perform rating on Host Hotels & Resorts (NYSE: HST). On Tuesday, HST closed the day at $16.51. Its shares added 0.12% to their value in today's pre-market trading to stand around $16.53.