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FelCor Announces Public Offering of 24M Shares
Monday, March 28, 2011 - 4:12pm | 71FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it plans to make a public offering of 24 million shares of its common stock. FelCor expects to grant the underwriters a 30-day option to purchase up to 15 percent additional shares of common stock to cover over-allotments, if any...
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Fitch Affirms Public Storage's IDR at 'A' & Preferred Stock at 'A-'; Outlook Stable
Monday, March 28, 2011 - 11:01am | 73Fitch Ratings has affirmed the credit ratings of Public Storage (NYSE: PSA) and its affiliate Shurgard Storage Centers LLC (collectively, Public Storage) as follows: Public Storage --Issuer Default Rating (IDR) at 'A'; --$300 million unsecured revolving credit facility at 'A'; --$3.4...
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Jefferies Has Hold On Extra Space Storage (EXR)
Monday, March 28, 2011 - 7:34am | 111Jefferies & Co. has a Hold rating on shares of Extra Space Storage, Inc. (NYSE: EXR). In a note to investors, Jefferies writes, "Self-Storage Data Services, Inc. (SSDS) issued its monthly rental activity report outlining the demand characteristics of the self-storage markets in the U.S. On a...
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Mad Money Lightning Round: Cramer Likes Alcoa, Health Care REIT (AA, SPPI, PANL, PFE, GILD, CELG, MRK, ABT, AGNC, NLY, HCN)
Monday, March 28, 2011 - 2:03am | 305On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Alcoa (AA) is “one of my absolute favorite stocks. This is an ultimate Japanese reconstruction story. This company is in fabulous shape." He said that Spectrum Pharmaceuticals (SPPI) is “an interesting speculation. It hasn't...
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Stocks Going Ex Dividend the Fifth Week of March
Saturday, March 26, 2011 - 9:56pm | 728Here 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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Sterne Agee Maintains Buy Rating, $55 PT On DRI
Friday, March 25, 2011 - 9:56am | 173Sterne Agee is maintaining its Buy rating and $55 PT on shares of Darden Restaurants, Inc. (NYSE: DRI). “After the close on 3/24, Darden Restaurants, Inc. announced fiscal 3Q results of $1.08, which slightly exceeded consensus and our EPS estimate of $1.05,” Sterne Agee writes. “Revenues and the...
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Public Storage Director Sells 10,000 Shares of PSA
Thursday, March 24, 2011 - 4:02pm | 50In a Form 4 filed earlier today, Public Storage (NYSE: PSA) Director, Uri Harkham, reported that he sold 10,000 shares of PSA on March 23rd for an average price of $106.83. The transaction totaled $1,068,259. Mr. Harkham owns 38,290 indirect shares of PSA. Source: The Washington Service
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Morgan Keegan Reports HCP Issues 30 Million Shares
Thursday, March 24, 2011 - 8:21am | 123Morgan Keegan has issued a report on HCP Inc. (NYSE: HCP) issuing 30 million share to finance the acquisition of HCR Manor Care. According to the report, "HCP issued 30 million shares, upsized from 24 million, at $36.90 yesterday. The company will use the proceeds to help finance its $6.1 billion...
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Citigroup Upgrades Cogdell Spencer To Buy, $6.50 PT
Thursday, March 24, 2011 - 7:04am | 24Citigroup has upgraded Cogdell Spencer (NYSE: CSA) from Hold to buy and maintains its $6.50 price target.
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Sterne Agee Maintains Neutral Rating On SONC
Wednesday, March 23, 2011 - 9:36am | 94Sterne Agee has reiterated Sonic Corporation's (NASDAQ: SONC) Neutral Rating. Sterne Agee writes, "We are encouraged that SONC's same-stores sales (SSS) are showing sequential improvement as weather has improved and we believe that the Company's new line of specialty hot dogs is performing well....
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HCP Prices Offering of 30M Shares at $36.90 per Share
Wednesday, March 23, 2011 - 8:08am | 77HCP (NYSE: HCP) announced the pricing of its public offering of 30 million shares of common stock at a price per share of $36.90. The deal was upsized from the originally announced 24 million shares due to strong investor demand. The underwriters also have an option to purchase up to 4.5 million...
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Goldman Sachs Neutral On Plum Creek Timber (PCL)
Wednesday, March 23, 2011 - 7:49am | 198Goldman Sachs has a Neutral rating and a $42 price target on shares of Plum Creek Timber Co. Inc. (NYSE: PCL). In a note to investors, Goldman writes, "PCL stated that there was no change to their 2011 financial outlook—PCL expects 2011 EPS to be $1.25-$1.45, which reflects real estate sales of $...
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Top 4 Small-Cap Stocks In The REIT-Hotel/Motel Industry With The Highest Revenue (FCH, AHT, BEE, SHO)
Wednesday, March 23, 2011 - 1:25am | 134Below are the top small-cap REIT-hotel/motel stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at FelCor Lodging Trust Inc (NYSE: FCH) is $924.12 million. FCH's PEG ratio is 1.61. The trailing-twelve-month revenue at Ashford Hospitality Trust Inc (NYSE: AHT...
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J.P
Tuesday, March 22, 2011 - 7:44am | 88J.P. Morgan Adjusts HCP FFO Estimates J.P. Morgan has adjusted HCP Inc's (NYSE: HCP) FFO estimates after the being impacted by the recently revised guidance. J.P. Morgan writes, "We adjust our 2011 and 2012 FFO estimates to $2.54 and $2.81/share from $2.49 and $2.84/share, respectively. Our...
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HCP to Offer 24 Million Shares
Tuesday, March 22, 2011 - 6:53am | 59HCP to Offer 24 Million Shares HCP (NYSE: HCP) commenced a public offering of 24 million shares of its common stock pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. HCP intends to grant the underwriters an option for 30 days to purchase up...