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Morgan Keegan Has Outperform On Ventas
Tuesday, July 5, 2011 - 7:43am | 112Morgan Keegan has an Outperform rating and a $62 price target on shares of Ventas, Inc. (NYSE: VTR) after the company completed its acquisition of Nationwide Health Properties. In the note, Morgan Keegan writes, "On Friday, Ventas announced the completion of its $7.6 billion stock-for-stock...
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Morgan Keegan Has Outperform On Health Care REIT
Tuesday, July 5, 2011 - 7:39am | 139Morgan Keegan has an Outperform rating and a $59.50 price target on shares of Health Care REIT (NYSE: HCN). In a note to clients, Morgan Keegan writes, "Belying investor worries, the senior housing facilities we saw are running at strong occupancies (ranging from 89% to 99%) and driving high...
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Merger Arbitrage Mondays – July 4, 2011
Monday, July 4, 2011 - 12:33pm | 4772Merger activity increased last week with four new deals announced and twelve closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 116 Total Number of...
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Merger Arbitrage Mondays – July 4, 2011
Monday, July 4, 2011 - 12:33pm | 4772Merger activity increased last week with four new deals announced and twelve closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 116 Total Number of...
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Strategic Hotels & Resorts, Inc. Announces New $300 Million Credit Facility
Friday, July 1, 2011 - 7:30am | 187Strategic Hotels & Resorts, Inc. (NYSE: BEE) today announced that it has closed a new $300.0 million secured, revolving credit facility with an accordion feature allowing for additional borrowing capacity up to $400.0 million. This new facility replaces a $350.0 million secured, revolving...
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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 4:16am | 2869Stocks 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 Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
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Hersha Hospitality Agrees to Acquire Hyatt Hotel in New York City for Total Consideration of $104.1M
Wednesday, June 29, 2011 - 4:04pm | 153Hersha Hospitality Trust (NYSE: HT) announced that the Company has entered into a purchase and sale agreement to acquire the 175-room Hyatt Union Square hotel in New York City for total consideration of $104.1 million, or approximately $595,000 per key. The transaction is expected to close...
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Wednesday's Put/Call Ratio Leaders
Wednesday, June 29, 2011 - 1:54pm | 80Here are today's Put/Call Ratio leaders… 1. Ashford Hospitality Trust (NYSE: AHT) 5,000 puts, 33 calls 2. H&R Block Inc. (NYSE: HRB) 4,542 puts, 37 calls 3. Myriad Genetics (NASDAQ: MYGN) 3,038 puts, 28 calls 4. Ralcorp Holdings (NYSE: RAH) 3,083 puts, 62 calls 5. ResMed Inc. (NYSE: RMD) 6,034...
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Options Brief: Ashford Hospitality Trust
Wednesday, June 29, 2011 - 11:14am | 81Shares of Ashford Hospitality Trust (NYSE: AHT) are lower on the session by 3.31%, trading at $12.58. Overall put volume is now running at 500.00x the daily average, with 48% of all puts traded being purchases on the offer. 5,000 contracts have traded on the session so far. Ashford Hospitality...
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Ashford Hospitality Trust Prices Offering of 7.0 Million Shares of Common Stock at $12.50/Share
Wednesday, June 29, 2011 - 9:22am | 220Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it has priced its underwritten public offering of 7.0 million shares of its common stock at $12.50 per share. Ashford granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares to cover over-allotments,...
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Ashford Hospitality Trust Announces Offering of 6M Shares of Common Stock
Tuesday, June 28, 2011 - 4:02pm | 90Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it commenced an underwritten public offering of 6.0 million shares of its common stock. Ashford intends to use the net proceeds to repay its outstanding borrowings under its senior credit facility, for general corporate purposes,...
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Market Roundup
Tuesday, June 28, 2011 - 10:56am | 238Shares of Nike Inc (NYSE: NKE) gained about 7.2% after the company reported a 14% rise in its fourth-quarter profit. Nike reported its quarterly earnings at $594 million, or $1.24 per share, up from $522 million, or $1.06 per share, in the year-ago quarter. Its revenue surged 14% to $5.77 billion....
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Senior Housing Properties Trust Prices Public Offering; Shares Down In Pre-Market
Tuesday, June 28, 2011 - 8:43am | 63Shares of Senior Housing Properties Trust (NYSE: SNH) fell more than 1% in pre-market trading after the company priced a public offering of 10,000,000 common shares at a price to the public of $22.50 per share. SNH shares dropped 1.12% to $22.90 in pre-market trading. Read more from Benzinga's...
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Senior Housing Properties Trust Prices Offering of 10,000,000 Common Shares at $22.50/Share
Tuesday, June 28, 2011 - 8:35am | 145Senior Housing Properties Trust (NYSE: SNH) today announced it priced a public offering of 10,000,000 common shares at a price to the public of $22.50 per share. The settlement of this offering is expected to occur on Friday, July 1, 2011. SNH expects to use the proceeds of this offering to repay...
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Accenture
Monday, June 27, 2011 - 6:45pm | 37Accenture (ACN) rose 5% after the S&P 500 index named the consulting firm to replace Marshall & Ilsley (MI), a holding bank. The index also named Amerigroup (AGP), the managed health care provider, to replace Nationwide Health Properties (NHP).