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DiamondRock Agrees to Acquire 712-Room Hotel Lexington in Midtown New York for $335M
Monday, May 16, 2011 - 4:02pm | 80DiamondRock Hospitality Company (NYSE: DRH) today announced that it has entered into a purchase and sale agreement to acquire the 712-room Radisson Lexington Hotel New York for a contractual purchase price of $335 million. The contractual purchase price represents a 13.5 times multiple of 2012...
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Top Percentage Gainers and Losers as of 2:15pm 5/16/2011 (VITA, SYK, CISG, TISA, ENOC, TSTC, SPMD, KNDI, ABIO, KONG, OXGN, VRML, PSTR, FXCM, ATRN, SYMX, GSL)
Monday, May 16, 2011 - 2:15pm | 627Best 1) Orthovita (NASDAQ: VITA): Trading up 40.1% from Friday's close to $3.82. Orthovita is set to be acquired by Stryker (NYSE: SYK) for $3.85 per share in cash. The deal is valued at $316 million. 2) CNinsure (NASDAQ: CISG): Trading up 30.3% from Friday's close to $17.15. CNinsure received an...
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Should i buy Suburban Propane, Nucor, Olin Corporation- SPH, NUE, OLN today?
Monday, May 16, 2011 - 7:52am | 1292Suburban Propane Partners (SPH) is trading at a price of $52.90, a dramatic change of -0.49 with % change of -0.92 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 1.87B. TTM Gross Margin- 19.9%, TTM...
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Earnings Scheduled For May 16 (VOXX, JCP, ALN, LOW, STV, WINN, SORL, GLPW, CTRP, URBN, JST, ZOOM, DL, MNOV, DRJ, JADE, FMD, CTC, GLGL, CHGS, GOK, GSL)
Monday, May 16, 2011 - 12:48am | 581Audiovox Corporation (NASDAQ: VOXX) is estimated to post its FQ4 earnings at $0.02 per share. J.C. Penney Company Inc (NYSE: JCP) is projected to report its Q1 EPS at $0.25 on revenue of $3.95 billion. American Lorain Corporation (AMEX: ALN) is expected to report its Q1 EPS at $0.08 on revenue...
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REITs that Pay Dividends Monthly
Saturday, May 14, 2011 - 9:14pm | 538I personally think that real estate has bottomed out, with the possible exception of high end single family residences. An optimal way to invest in real estate, if you think the turn-around has started, is through Real Estate Investment Trusts, also known as REITs. Almost all the income from REITs...
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Benzinga's Top Upgrades (DF, VTR, WLK, CPYYY)
Friday, May 13, 2011 - 8:13am | 133Analysts at Goldman Sachs upgraded Dean Foods Company (NYSE: DF) from “neutral” to “buy.” DF's shares closed at $12.28 yesterday. DF's trailing-twelve-month revenue is $12.12 billion. Analysts at Robert W. Baird upgraded Ventas Inc (NYSE: VTR) from “underperform” to “neutral.” VTR's shares closed...
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Top 4 NYSE Stocks In The REIT-Hotel/Motel Industry With The Lowest PEG Ratio (AHT, DRH, CLDT, FCH)
Friday, May 13, 2011 - 2:19am | 121Below are the top REIT-hotel/motel stocks on the NYSE in terms of PEG ratio Ashford Hospitality Trust Inc (NYSE: AHT) has a PEG ratio of 0.27. AHT's trailing-twelve-month revenue is $821.10 million. Diamondrock Hospitality Company (NYSE: DRH) has a PEG ratio of 1.51. DRH's trailing-twelve-month...
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Morgan Stanley Increases PT on Ashford Hospitality Trust to $15, Maintians Overweight (AHT)
Thursday, May 12, 2011 - 8:39am | 172Morgan Stanley increased its price target on Ashford Hospitality Trust (NYSE: AHT) to $15. At the same time, it left its rating unchanged at Overweight. In a research report published today, Morgan Stanley reiterated its optimism on Ashford's future. In the report, Morgan Stanley states, "We...
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Jefferies Downgraded Madical Properties Trust To Hold
Thursday, May 12, 2011 - 7:50am | 91According to Jefferies, Medical Properties Trust (NASDAQ: MPW) is downgraded to Hold. Jefferies said that while MPW's external growth strategy should result in meaningful doubledigit earnings growth in 2011 and 2012, it believes MPW's current stock price reflects this strong outlook. “Our $12 PT...
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Goldman Sachs Comments on Healthcare Realty Trust Following Meetings Day
Thursday, May 12, 2011 - 7:42am | 104In a report focusing on Healthcare Realty Trust Inc. (NYSE: HR), among other companies in the healthcare REIT sector, Goldman Sachs reports that the company targets long-term net operating income growth of 3%-4%, “comprising 2.0%-2.5% same-store cash NOI (it was 2.0% in the first quarter) with...
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UPDATE: KBW Raises PT on Ashford Hospitality Trust to $12.50 (AHT)
Thursday, May 12, 2011 - 7:23am | 107KBW is out with its report today on Ashford Hospitality Trust (NYSE: AHT), raising its PT from $10.50 to $12.50. In a note to clients, KBW writes, "We are modestly raising estimates following 1Q11 results, AHT's 5/11 investor day, and the 10-Q filing. Management noted that RevPAR growth should...
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Extra Space Storage Announces Offering of 5.0 Million Shares of Common Stock
Wednesday, May 11, 2011 - 4:08pm | 115Extra Space Storage Inc. (NYSE: EXR) today announced that it will issue and sell 5,000,000 shares of its common stock in a public offering. Citigroup Global Markets Inc. is acting as the sole book-running manager for the offering. The Company will grant the underwriter a 30-day option to purchase...
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Keefe, Bruyette & Woods Comments On Hospitality Properties Trust's Earnings
Wednesday, May 11, 2011 - 7:42am | 89According to Keefe, Bruyette & Woods, Hospitality Properties Trust (NYSE: HPT) released its 5/9 earnings. Keefe, Bruyette & Woods said that following HPT's 5/9 earnings release it is updating estimates for 1Q11 results and the 10-Q filing. “1Q results were modestly ahead of our...
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Hersha Hospitality Trust Announces Public Offering of Series B Preferred Shares (HT)
Tuesday, May 10, 2011 - 4:24pm | 103Hersha Hospitality Trust (NYSE: HT), owner of upscale, mid-scale and extended stay hotels in major metropolitan markets, today announced the commencement of a public offering of Series B cumulative redeemable preferred shares of beneficial interest, par value $.01 per share ($25.00 liquidation...
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Rayonier Names Botterbusch Vice President, Internal Audit (RYN)
Tuesday, May 10, 2011 - 9:51am | 49Rayonier (NYSE: RYN) recently announced that its board audit committee has elected Jennifer Botterbusch to the role of vice president, internal audit. She will report directly to the audit committee and indirectly to Hans Vanden Noort, senior vice president and CFO.