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Senior Housing Properties Trust Announces Proposed Public Offering of 6.5M Common Shares
Monday, June 27, 2011 - 4:05pm | 84Senior Housing Properties Trust (NYSE: SNH) today announced that it commenced a public offering of 6,500,000 common shares. SNH expects to use the proceeds of this offering to reduce amounts outstanding under its revolving credit facility and, to the extent of any additional proceeds, for general...
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Ventas Prevails in HCP Rehearing Petition
Monday, June 27, 2011 - 11:23am | 112Ventas, Inc. (NYSE: VTR) said today that the United States Court of Appeals for the Sixth Circuit has denied HCP, Inc.'s request to reconsider the Court's unanimous affirmation of the $101.6 million jury verdict in Ventas's favor in the Company's lawsuit against HCP and the Court's unanimous...
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Strategic Hotels & Resorts Closes on the Acquisition of the 49% Interest in the Intercontinental Chicago Hotel
Monday, June 27, 2011 - 7:35am | 82Strategic Hotels & Resorts, Inc. (NYSE: BEE), today announced that it closed on the acquisition of the 49 percent interest in the InterContinental Chicago hotel previously held by an affiliate of the Government of Singapore Investment Corporation in exchange for approximately 10.8 million...
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Senior Housing Properties Trust Enters New $750 Million Bank Facility
Friday, June 24, 2011 - 4:35pm | 115Senior Housing Properties Trust (NYSE: SNH) today announced that it has entered a new $750 million unsecured revolving credit facility. The new facility replaces SNH's previous $550 million unsecured revolving credit facility which had a maturity date of December 31, 2011. The maturity date of the...
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UPDATE: Bank of America Merrill Lynch Initiates FelCor Lodging Trust at Underperform
Friday, June 24, 2011 - 9:28am | 116Bank of America Merrill Lynch is out with its report today on FelCor Lodging Trust (NYSE: FCH), initiating FCH at Underperform with a $5.50 PO. In a note to clients, Bank of America Merrill Lynch writes, "We initiate with an Underperform rating and a $5.50 Price Objective. FCH is a self-...
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Bank of America Upgrades Public Storage to Buy
Friday, June 24, 2011 - 8:59am | 60Bank of America upgraded its rating on Public Storage (NYSE: PSA) from Neutral to Buy. At the moment, Bank of America has a price target of $117 placed on the company's stock. On Thursday, Public Storage closed the day at $108.77. Its shares added 0.86% to their value in today's pre-market trading...
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Jefferies Provides Color on Gaming Industry
Friday, June 24, 2011 - 8:35am | 232Jefferies attended meeting with the management of Hersha Hospitality (NYSE: HT). In a research report published today, Jefferies states, “We believe HT's 2011 outlook reconfirms what other operators consider to be a back-end loaded year, and 2Q has progressed well. We believe HT will benefit...
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Bank of America Initiates Coverage On RLJ, FCH
Friday, June 24, 2011 - 8:27am | 40Bank of America has initiated coverage on the following companies: RLJ Lodging Trust (NYSE: RLJ) Neutral, $20 PO FelCor Lodging Trust (NYSE: FCH) Underperform, $5.50 PO
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Benzinga's Top Upgrades
Friday, June 24, 2011 - 8:12am | 142Analysts at Bank of America upgraded Public Storage (NYSE: PSA) from “neutral” to “buy.” PSA's shares closed at $108.77 yesterday. Public Storage's trailing-twelve-month profit margin is 44.82%. Analysts at Credit Suisse upgraded Southern Company (NYSE: SO) from “neutral” to “outperform.” SO's...
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Bank of America Upgrades Public Storage To Buy, Raises PO To $117
Friday, June 24, 2011 - 6:17am | 29Bank of America has upgraded Public Storage (NYSE: PSA) from Neutral to buy and has raised the price objective from $115 to $117.
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Sterne Agee Neutral On Sonic Following Earnings
Thursday, June 23, 2011 - 8:51am | 131Sterne Agee has a Neutral rating on shares of Sonic Corp. (NASDAQ: SONC) after it reported earnings yesterday. In a note to clients, Sterne Agee writes, "We are impressed by SONC's improvement in margins during the quarter which drove a $0.03 earnings beat. However, same-store sales (SSS) remain...
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Ventas Declares Prorated Dividend in Connection with Acquisition of Nationwide Health Properties
Monday, June 20, 2011 - 5:04pm | 165Ventas, Inc. (NYSE: VTR) announced today that its Board of Directors has declared a prorated dividend on the Company's common stock, conditioned upon the completion of its pending acquisition of Nationwide Health Properties, Inc. (NYSE: NHP) pursuant to a merger of NHP with and into a wholly owned...
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NHP Authorizes Prorated Dividend of $0.48 in Connection With the Merger With Ventas
Monday, June 20, 2011 - 5:02pm | 137Nationwide Health Properties, Inc. (NYSE: NHP) announced today that its Board of Directors has authorized a prorated dividend on NHP's common stock in connection with the completion of its pending merger with Ventas, Inc. The dividend will be payable in cash to stockholders of record at the close...
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ROOF: A New Small Cap REIT ETF With 4.3% Yield
Monday, June 20, 2011 - 3:47pm | 575Index IQ rolled out the first small cap U.S. REIT ETF last week (6/14/11). IQ US Real Estate Small Cap ETF (ROOF) intends to provide income and complement large cap REIT exposure. The underlying IQ US Real Estate Small Cap Index uses a float-adjusted market cap-weighted methodology. The goal is...
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Stocks Going Ex Dividend the Fourth Week of June
Saturday, June 18, 2011 - 10:56pm | 771Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...