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Hudson Securities Discusses Lodging Rates (HST)
Tuesday, April 12, 2011 - 11:07am | 123Hudson Securities is out with a research report on Host Hotels & Resorts, Inc. (NYSE: HST) and business travel and lodging. It has a Buy rating and a $16 price target on shares. In a note to clients, Hudson writes, "This morning's report has positive implications for the lodging industry as...
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A Peek Into The Market Before The Trading Starts
Tuesday, April 12, 2011 - 7:29am | 427Pre-open movers US stock futures are lower this morning, as Alcoa Inc (NYSE: AA) reported disappointing Q1 sales. Futures on the Dow Jones Industrial Average dipped 55 points to 12,266.00 and futures on the S&P 500 stock index fell 7.30 points to 1,312.30. Nasdaq 100 futures dropped 10.50...
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Medical Properties Trust Announces Private Offering Of $450M Notes (MPW)
Tuesday, April 12, 2011 - 7:21am | 204Medical Properties Trust, Inc. (NYSE: MPW) announced today that its operating partnership, MPT Operating Partnership, L.P., a Delaware limited partnership, and MPT Finance Corporation are offering $450 million aggregate principal amount of senior notes due 2021 to qualified institutional buyers...
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LTC Properties Hits 52-Week High (LTC)
Monday, April 11, 2011 - 11:20am | 33LTC Properties (NYSE: LTC) has hit a 52-week high in today's trading. At last check the year-to-date performance of LTC has been a gain of 4.2%.
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HCP Closes $6.1B Acquisition of HCR ManorCare's Real Estate Assets
Friday, April 8, 2011 - 8:14am | 104HCP (NYSE: HCP) announced that it closed the acquisition of 334 post-acute, skilled nursing and assisted living facilities of HCR ManorCare for a total consideration of $6.1 billion in cash. In connection with the closing, HCP entered into a long-term triple-net master lease under which HCR...
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UPDATE: KeyBanc Upgrades Sovran Self Storage To Buy From Hold
Thursday, April 7, 2011 - 9:53am | 173KeyBanc is upgrading Sovran Self Storage, Inc. (NYSE: SSS) to BUY from HOLD on increased confidence that the stock will benefit from an improvement in self storage fundamentals that will lead to premium NAV growth that is not currently anticipated. Its upgrade is predicated on: a gradual...
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DA Davidson Downgrades Rayonier To Neutral, $66 PT
Thursday, April 7, 2011 - 9:09am | 24DA Davidson has downgraded Rayonier (NYSE: RYN) from Buy to Neutral and maintains its $66 price target.
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Sunstone Hotel Investors, Inc. Closes Public Offering of Preferred Stock
Thursday, April 7, 2011 - 9:03am | 46Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today the closing of an underwritten public offering of 4,600,000 shares of 8.0% Series D Cumulative Redeemable Preferred Stock, including the full exercise of the underwriters' overallotment option, for gross proceeds of $115.0 million.
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Benzinga's Top Upgrades (CRM, SSS, ELN, ICE)
Thursday, April 7, 2011 - 8:22am | 140Salesforce.com Inc (NYSE: CRM) was upgraded by FBR Capital from "market perform" to "outperform." CRM's shares closed at $131.43 yesterday. Salesforce.com's trailing-twelve-month revenue is $1.66 billion. KeyBanc upgraded Sovran Self Storage Inc (NYSE: SSS) from “hold” to “buy.” SSS' shares closed...
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J.P. Morgan Adjusts HCN Estimates
Thursday, April 7, 2011 - 8:06am | 117J.P. Morgan has adjusted its normalized 2011 and 2012 FFO estimates on Health Care REIT Inc. (NYSE: HCN) to $3.39 and $3.80/share from $3.37 and $3.81/share, respectively. “These estimates exclude the impact of one-time items and acquisition costs,” J.P. Morgan writes. “Our revised estimates...
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KeyBanc Ups SSS To Buy
Thursday, April 7, 2011 - 6:35am | 41Analysts at KeyBanc upgrade Sovran Self Storage Inc (NYSE: SSS) from “hold” to “buy.” SSS shares gained 0.23% to close at $39.71 yesterday. More Analyst Ratings here
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Top 4 Stocks In The REIT-Retail Industry With The Lowest PEG Ratio (HT, DDR, HPT, TCO)
Wednesday, April 6, 2011 - 1:35am | 120Below are the top REIT-retail stocks on the NYSE and the NASDAQ in terms of PEG ratio Hersha Hospitality Trust (NYSE: HT) has a PEG ratio of 0.90. HT's trailing-twelve-month operating margin is 11.63%. Developers Diversified Realty Corp (NYSE: DDR) has a PEG ratio of 1.15. DDR's trailing-twelve-...
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Morgan Keegan Maintains Outperform on Health Care REIT (HCN)
Tuesday, April 5, 2011 - 7:47am | 86Morgan Keegan is out with its report today on Health Care REIT (NYSE: HCN), maintaining Outperform. In a note to clients, Morgan Keegan writes, "We believe that Health Care REIT can sustain 4%-5% FFO growth long-term through internal growth, accretive acquisitions, and facility development. Our...
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Public Storage Files to Sell Depositary Shares Valued at $25 per Share
Monday, April 4, 2011 - 9:54am | 89Public Storage (NYSE: PSA): "We are selling depositary shares each representing 1/1,000 of a share of a % Cumulative Preferred Share of Beneficial Interest, Series Q . The Preferred Shares represented by the Depositary Shares will be deposited with Computershare Trust Company, N. A., as...
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HCP Receives Early Payoff of Its Debt Investments in Genesis HealthCare
Monday, April 4, 2011 - 8:05am | 70HCP (NYSE: HCP) received $330.4 million resulting from the pre-payment at par of its debt investments in Genesis HealthCare, which were acquired during September and October 2010 for $290 million. The early payoff is in connection with the closing of Health Care REIT's acquisition of the real...