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Host Hotels & Resorts, Inc. Reports Results for the First Quarter of 2011
Thursday, April 28, 2011 - 7:01am | 232Host Hotels & Resorts, Inc. (NYSE: HST), the nation's largest lodging real estate investment trust (REIT), today announced results of operations for the first quarter ended March 25, 2011. Hotel revenues for owned hotels increased $54 million, or 7%, for the quarter compared to the first...
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Host Hotels and Resorts Reports Q1 Loss of $60 million
Thursday, April 28, 2011 - 6:42am | 101Host Hotels and Resorts Inc (NYSE: HST) reported its results for the first quarter on Thursday. HST reported its Q1 net loss at $60 million, or $0.09 per share, versus a net loss of $84 million, or $0.13 per share, in the year-ago period. However, analysts were expecting a loss of $0.07 per share...
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Ashford Hospitality Announces Exercise of Over-Allotment Option on Series E Preferred Stock Offering (AHT)
Wednesday, April 27, 2011 - 4:46pm | 60Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced the underwriters have exercised their option to purchase 350,000 shares of the Company's 9.000% Series E Cumulative Preferred Stock (NYSE: AHT.E) in connection with Ashford's underwritten offering earlier this month. In total, the Company...
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LaSalle Hotel Properties Announces the Sale of 896,612 Additional Common Shares Pursuant to the Underwriter's Option (LHO)
Wednesday, April 27, 2011 - 8:56am | 52LaSalle Hotel Properties (NYSE: LHO) today announced that the underwriter of its recent follow-on public offering of common shares has exercised its option to purchase an additional 896,612 common shares, bringing the total number of shares to be issued in this offering to 7,896,612 common shares.
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It's Not One Or The Other
Wednesday, April 27, 2011 - 8:24am | 1060Seeking Alpha republished a post from a site called Portfolioist (very clever name) about what seemed like a dichotomy between buy and hold and tactical asset allocation. Some people think buy and hold is dead and other people (namely a quote from Jason Zweig) think that tactical asset allocation...
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Keefe, Bruyette & Woods Maintains Rating, PT On PCH
Wednesday, April 27, 2011 - 8:18am | 34Keefe, Bruyette & Woods is maintaining its Market Perform Rating and $36 price target on Potlatch Corp. (NASDAQ: PCH) to reflect a 1Q miss. PCH closed yesterday at $39.76.
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LaSalle Hotel Properties 7M Common Share Offering Priced at $27.65 per Share
Tuesday, April 26, 2011 - 9:25am | 54LaSalle Hotel Properties (NYSE: LHO) today announced that the public offering price for the 7,000,000 common shares previously sold to Goldman, Sachs & Co., the sole underwriter of the offering, is $27.65 per share. The Company has also granted the underwriter an option to purchase up to 1,050,...
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Potlatch Reports EPS of $0.19 vs. $0.30 Estimate; Revenues $105.4M vs. $120.29M Estimate
Tuesday, April 26, 2011 - 9:20am | 21Potlatch (NYSE: PCH) Reports EPS of $0.19 vs. $0.30 Estimate; Revenues $105.4M vs. $120.29M Estimate
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Keefe, Bruyette & Woods Reports Improving Results On Felcor Lodging
Tuesday, April 26, 2011 - 8:27am | 58According to Keefe, Bruyette & Woods, Felcor Lodging Trust (NYSE: FCH) is seeing improving results. Keefe, Bruyette & Woods said that, “Following FCH's 1Q11 earnings and conference call, it is increasing 2011E FFO to $0.29 from $0.23, reflecting lower interest expense ($0.04) and modest...
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Rayonier Reports EPS of $0.70 vs. $0.58 Estimate; Revenues $357.7M vs. $326.24M Estimate (RYN)
Tuesday, April 26, 2011 - 8:05am | 21Rayonier (NYSE: RYN) Reports EPS of $0.70 vs. $0.58 Estimate; Revenues $357.7M vs. $326.24M Estimate
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Felcor Announces Proposed Senior Notes Offering $500M (FCH)
Tuesday, April 26, 2011 - 7:23am | 148FelCor Lodging Trust Incorporated (NYSE: FCH) and its subsidiary FelCor Lodging Limited Partnership, today announced that FelCor LP's wholly-owned subsidiary intends to offer, subject to market conditions, $500 million of senior secured notes. The senior secured notes will be offered to qualified...
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LaSalle Hotel Properties Announces Sale of 7,000,000 Common Shares to Goldman (LHO, GS)
Tuesday, April 26, 2011 - 7:06am | 153LaSalle Hotel Properties (NYSE: LHO) today announced the sale of 7,000,000 common shares to Goldman, Sachs & Co. as sole underwriter in an underwritten public offering pursuant to its effective shelf registration statement previously filed with the Securities and Exchange Commission. The...
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The Benefits of a Special Servicer
Tuesday, April 26, 2011 - 1:01am | 537Over the last three years or so, it's likely that you've seen special servicer become a more prominent fixture in both real estate vocabulary and practice. If not, then at the very least you've probably heard the term enough to have a vague idea of what it entails–especially given the tumultuous...
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Plum Creek Timber Reports EPS of $0.23 vs. $0.24 Estimate; Revenues $275M vs. $254.6M Estimate
Monday, April 25, 2011 - 4:33pm | 23Plum Creek Timber (NYSE: PCL) Reports EPS of $0.23 vs. $0.24 Estimate; Revenues $275M vs. $254.6M Estimate
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Morgan Keegan Preview HCN 1Q
Monday, April 25, 2011 - 8:32am | 106Health Care REIT Inc. (NYSE: HCN), which will report earnings on Tuesday, May 3, is getting a first quarter preview from Morgan Keegan. “Our FFO/share estimate of $0.76 is $0.02 above the First Call consensus and $0.01 above the prior year period,” Morgan Keegan writes. “Our FAD/share estimate of...