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Host Hotels & Resorts Inc. CEO Sells 80,000 Shares of HST
Monday, March 21, 2011 - 4:18pm | 52In a Form 4 filed earlier today, Host Hotels & Resorts Inc. (NYSE: HST) CEO, Edward Walter, reported that he sold 80,000 shares of HST on March 18th for an average price of $17.51. The transaction totaled $1,400,504. Mr. Walter owns 900,285 direct shares of HST. Source: The Washington...
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Host Hotels & Resorts Inc. Vice-President Sells 53,958 Shares of HST
Monday, March 21, 2011 - 4:16pm | 52In a Form 4 filed earlier today, Host Hotels & Resorts Inc. (NYSE: HST) Vice-President, Greg Larson, reported that he sold 53,958 shares of HST on March 18th for an average price of $17.60. The transaction totaled $949,661. Mr. Larson owns 82,527 direct shares of HST. Source: The Washington...
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LTC Announces Commitments for a New Unsecured Credit Facility
Monday, March 21, 2011 - 4:07pm | 28LTC Properties, Inc. (NYSE: LTC) announced today that it had received commitments for a new $200.0 million, four-year unsecured credit facility.
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LTC Announces Public Offering of 3.5M Shares
Monday, March 21, 2011 - 4:04pm | 54LTC Properties, Inc. (NYSE: LTC) announced today that it plans to make a public offering of 3,500,000 shares of its common stock. The Company expects to grant the underwriters an option to purchase up to 525,000 additional shares of common stock within 30 days to cover over-allotments, if any.
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HCP Announces Resignation of Chief Financial Officer Effective May 15
Monday, March 21, 2011 - 9:03am | 67HCP, Inc. (NYSE: HCP) announced that Thomas M. Herzog has submitted his resignation as Executive Vice President and Chief Financial Officer, effective May 15, 2011, to pursue new opportunities and business challenges within the real estate industry. In order to provide an orderly transition, Mr....
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Deutsche Bank Initiates HT At Buy, $7.50 PT
Monday, March 21, 2011 - 7:48am | 31Deutsche Bank is initiating shares of Hersha Hospitality Trust (NYSE: HT) with a Buy rating and $7.50 PT. Hersha Hospitality Trust closed Friday at $6.13.
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Keefe, Bruyette And Woods Maintain Strategic Hotels & Resorts Outperform, $7 PT (BEE)
Friday, March 18, 2011 - 8:27am | 98Keefe, Bruyette And Woods maintained its Strategic Hotels & Resorts (NYSE: BEE) Outperform rating and $7 price target in a research note published today. In the report, Keefe, Bruyette And Woods states, "We believe BEE is close to refinancing 4 loans and resetting its credit line, which could...
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Host Hotels & Resorts, Inc. Increases Quarterly Dividend to $0.02
Thursday, March 17, 2011 - 4:06pm | 57Host Hotels & Resorts, Inc. (NYSE: HST) announced that its board of directors authorized a regular quarterly cash dividend of $0.02 per share on the Company's common stock, an increase of $0.01 from the previous quarter. The dividend is payable on April 15, 2011 to stockholders of record on...
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LaSalle Hotel Properties Acquires Viceroy Santa Monica for $80.1M
Thursday, March 17, 2011 - 7:48am | 46LaSalle Hotel Properties (NYSE: LHO) today announced that it acquired the leasehold interest in the Viceroy Santa Monica for $80.1 million. The 162-room, urban, full service hotel is located at 1819 Ocean Avenue in Santa Monica, California.
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Supertel Hospitality Reports Q4 FFO of $0.02 vs. $0.04
Wednesday, March 16, 2011 - 4:20pm | 146Supertel Hospitality, Inc. (NASDAQ: SPPR) today announced its results for the fourth quarter and year ended December 31, 2010. Revenues from continuing operations for the 2010 fourth quarter increased 6.5 percent to $19.2 million, compared to the year-ago period, and increased 3.1 percent to $84....
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Options Brief: Host Hotels & Resorts (HST)
Wednesday, March 16, 2011 - 10:50am | 102Shares of Host Hotels & Resorts (NYSE: HST) are higher on the session by 0.29%, trading at $17.13. Overall put volume is now running at 3.24x the daily average, with 3% of all puts traded being purchases on the offer. 3,080 contracts have traded on the session so far. Host Hotels &...
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UPDATE: KBW Raises PT on Public Storage to $110 (PSA)
Wednesday, March 16, 2011 - 8:09am | 84KBW is out with its report today on Public Storage (NYSE: PSA), raising its PT to $110. In a note to clients, KBW writes, "Increasing 2011E FFO to $5.65 from $5.45 to reflect incremental earnings from Shurgard Europe, improving domestic trends, and accelerating acquisition activity. Revising 2012E...
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Morgan Keegan Analyzes Publicly Traded Healthcare REITs (HCP, HCN, VTR, NHP)
Wednesday, March 16, 2011 - 7:20am | 217In a report released this morning, Morgan Keegan provides an analysis of publicly traded healthcare REITs with respect to FFO/FAD, investment composition, and asset coverage ratios. “Since our last report, we have seen four noteworthy large deals: HCP, Inc.'s (NYSE: HCP) $6.1 billion acquisition of...
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Citi Comments On Extra Space Storage Global Property CEO Conference Highlights
Tuesday, March 15, 2011 - 8:10am | 125In a report published by Citi, Extra Space Storage's (NYSE: EXR) CEO, Spencer Kirk, stated that the sector has ample access to capital and the public operators are often being outbid by private REITs, local/regional operators, or institutional buyers. Citi said that valuations, on average, are in...
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Jefferies Raises PT On Universal Health Realty To $40
Tuesday, March 15, 2011 - 7:43am | 30Jefferies & Company has raised the price target on Universal Health Realty (NYSE: UHT) from $34 to $40 and maintains its Hold rating.