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8 Stocks With Significant Insider Buying
Friday, June 10, 2011 - 12:07pm | 556Insider Monkey provides free insider trading and hedge fund holdings data. We believe insiders have an edge over other investors because insiders know more about their companies than do outsiders. That's why insiders aren't allowed to trade based on material non-public information. Most insiders...
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S&P 500 Financial Sector Update 6/9/11
Thursday, June 9, 2011 - 1:07pm | 396The Financial Sector is one of the strongest areas of the S&P 500 in today's session, currently trading up 1.3% from yesterday's close. Today's best performing stocks in that sector are: 1) Moody's (NYSE: MCO): Shares of Moody's are currently trading up 3.5% from yesterday's close to $40.80....
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Bank Of America Reiterates Buy Rating On U-Store-It
Thursday, June 9, 2011 - 7:32am | 73According to Bank of America, U-Store-It Trust (NYSE: YSI) Buy rating is reiterated. Bank of America said that it reiterates the Buy rating after meeting with management at NAREIT and maintain YSI as a top REIT pick. “Operating metrics and acquisition activity is tracking as expected QTD....
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Stocks Going Ex Dividend the Third Week of June
Tuesday, June 7, 2011 - 9:36pm | 772Here 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...
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Goldman Sachs Provides Color on LaSalle Hotel Properties
Tuesday, June 7, 2011 - 8:57am | 131Goldman Sachs provided color on LaSalle Hotel Properties (NYSE: LHO) after the company announced it is to acquire Park Central Hotel in Manhattan for $405.5 million. In a research report published today, Goldman states, "We believe the Park Central will add a solid Manhattan submarket exposure to...
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LaSalle Hotel Properties to Acquire the Park Central Hotel in New York City for $405.5M
Monday, June 6, 2011 - 8:10am | 117LaSalle Hotel Properties (NYSE: LHO) today announced that it signed a Purchase and Sale Agreement to acquire The Park Central Hotel for $405.5 million. The 934-room, urban, full service hotel is located on Seventh Avenue, between West 55th and West 56th Streets, in midtown Manhattan. The...
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Jefferies Provides Color on Gaming and Lodging Sector
Monday, June 6, 2011 - 7:52am | 151Jefferies provided color on Gaming and Lodging sector. In a research report published today, Jefferies states, "Given the acceleration of hotel acquisitions by the lodging REITs, we update on our proprietary NAV analysis. As the resumption of trading remains in the early stages, the attractiveness...
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Omega Announces Exchange Offer for $575 Million of Its 6¾% Senior Notes Due 2022
Thursday, June 2, 2011 - 11:16am | 140Omega Healthcare Investors, Inc. (NYSE: OHI) today announced the commencement of an offer to exchange $575 million of its 6¾% Senior Notes due 2022 that have been registered under the Securities Act of 1933 (the “Exchange Notes”) for $575 million of its outstanding 6¾% Senior Notes due 2022, which...
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Morgan Stanley Maintains EW Rating, $7 PT on Hersha Hospitality Trust
Thursday, June 2, 2011 - 9:11am | 90Morgan Stanley is maintaining its Equal-weight rating and $7 price target on Hersha Hospitality Trust (NYSE: HT). “We believe that HT will see more accretive investment opportunities throughout the year than many peers given the company's select-service leanings and continue to look favorably upon...
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Citigroup Reports on HCP
Thursday, June 2, 2011 - 8:11am | 178Citigroup commented on HCP (NYSE: HCP) in a report released today. In the report, Citigroup was mixed in its assessment of the company. Citigroup writes, " HCP's first RIDEA transaction appears positive done in conjunction with Brookdale Senior Living's (BKD) acquisition of Horizon Bay. There...
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HCP Announces Filing Appellate Petition for Rehearing in Ventas Litigation
Wednesday, June 1, 2011 - 8:30am | 89HCP (NYSE: HCP) announced that it had filed a petition for rehearing before the full U.S. Court of Appeals for the Sixth Circuit in connection with a 2009 jury verdict awarding approximately $102 million in damages to Ventas, Inc. and remanding the case for trial on punitive damages. The petition...
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Benzinga's Top Downgrades
Wednesday, June 1, 2011 - 8:08am | 137Analysts at FBR Capital downgraded Ashford Hospitality Trust Inc (NYSE: AHT) from “outperform” to “market perform.” AHT's shares closed at $14.27 yesterday. AHT's trailing-twelve-month ROE is -3.84%. Analysts at Goldman Sachs downgraded HJ Heinz Company (NYSE: HNZ) from “neutral” to “sell.” HNZ's...
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Brookdale Senior Living to Acquire Horizon Bay Retirement Living; Signs Agreement with HCP for Joint Venture RIDEA and Lease Transactions
Wednesday, June 1, 2011 - 8:06am | 197Brookdale Senior Living Inc. (NYSE: BKD) today announced that it has entered into a definitive agreement to acquire 100% of the equity interests in Horizon Bay Realty, L.L.C., the ninth largest operator of senior living communities in the United States. Upon completion of the Horizon Bay...
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Hersha Hospitality Trust Increases Common Share Dividend by 20%, from $0.05 to $0.06
Wednesday, June 1, 2011 - 8:04am | 130Hersha Hospitality Trust (NYSE: HT), owner of select service and upscale hotels in major metropolitan markets, today announced that its Board of Trustees declared a cash dividend of $0.50 per Series A Preferred Share for the second quarter ending June 30, 2011. The preferred share dividend is...
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HCP Appoints Timothy M. Schoen as CFO
Tuesday, May 31, 2011 - 4:07pm | 59HCP (NYSE: HCP) announced Timothy M. Schoen, Executive Vice President – Life Science Estates, has been named Executive Vice President – Chief Financial Officer. Mr. Schoen joined HCP in 2006 following a nine year career in Corporate Finance at Kilroy Realty Corporation where he was responsible...