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Rayonier Reports Fourth Quarter 2010 Results
Tuesday, January 25, 2011 - 9:01am | 101Rayonier (NYSE: RYN) today reported fourth quarter net income of $59 million, or 72 cents per share, compared to $98 million, or $1.21 per share, in the prior year period. Full year net income was $218 million, or $2.68 per share, compared to $313 million, or $3.91 per share, in 2009. Excluding...
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Platinum For Sheraton Bloomington - Analyst Blog
Monday, January 24, 2011 - 9:31am | 648LaSalle Hotel Properties (LHO), a lodging real estate investment trust (REIT), has recently revealed the name of the new owner of Sheraton Bloomington Hotel, a 564-room premium hotel near Minneapolis/St. Paul International Airport. LaSalle Hotel Properties had earlier sold the property without...
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Platinum For Sheraton Bloomington - Analyst Blog
Monday, January 24, 2011 - 9:15am | 648LaSalle Hotel Properties (LHO), a lodging real estate investment trust (REIT), has recently revealed the name of the new owner of Sheraton Bloomington Hotel, a 564-room premium hotel near Minneapolis/St. Paul International Airport. LaSalle Hotel Properties had earlier sold the property without...
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Jefferies Reviews Gaming and Lodging Industry (BYI, ISLE, IST, SHO)
Friday, January 21, 2011 - 11:44am | 292Jefferies took a look at companies Bally Technologies (NYSE: BYI), Isle of Capri Casinos (NASDAQ: ISLE), International Game Technology (NYSE: IGT), and Sunstone Investors (NYSE: SHO), in a research report published today. In the report, Jefferies noted Bally's systems contract with Isle Vista...
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Keefe Bruyette Initiates VTR With Outperform
Friday, January 21, 2011 - 6:58am | 50Analysts at Keefe Bruyette initiate coverage of Ventas Inc (NYSE: VTR) with an “outperform” rating. The target price for VTR is set to $62. VTR shares gained 0.13% to close at $53.50 yesterday. More Analyst Ratings here
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HCP's Debt Offer to add facilities - Analyst Blog
Thursday, January 20, 2011 - 1:01pm | 669HCP Inc. (HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently announced a debt offer of senior unsecured notes worth $2.4 billion. Wells Fargo Securities LLC, part of Wells Fargo & Company (WFC); BofA Merrill Lynch, the investment banking and wealth...
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HCP's Debt Offer to add facilities - Analyst Blog
Thursday, January 20, 2011 - 12:45pm | 669HCP Inc. (HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently announced a debt offer of senior unsecured notes worth $2.4 billion. Wells Fargo Securities LLC, part of Wells Fargo & Company (WFC); BofA Merrill Lynch, the investment banking and wealth...
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J.P Morgan Initiates Coverage On FelCor Lodging Trust
Thursday, January 20, 2011 - 10:38am | 201J.P Morgan is initiating coverage of FelCor Lodging Trust Inc. (NYSE: FCH) with a Neutral rating and an $8 year-end 2011 price target. While J.P Morgan likes the lodging upcycle and believe the current cycle can be sustained for at least a few years, given years of very low supply growth, and...
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Hersha Hospitality to Acquire Capitol Hill Suites for $47.5M
Thursday, January 20, 2011 - 9:10am | 41Hersha Hospitality Trust (NYSE: HT) announced that it has signed a definitive agreement to purchase the 152 room Capitol Hill Suites, Washington, D.C. for approximately $47.5 million, or $312 thousand per key excluding closing costs.
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JP Morgan Initiates FelCor Lodging Trust At Neutral
Thursday, January 20, 2011 - 8:48am | 27JP Morgan has initiated coverage on FelCor Lodging Trust, Inc. (NYSE: FCH) with a Neutral rating and $8 price target.
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JP Morgan Initiates FelCor Lodging Trust At Neutral
Thursday, January 20, 2011 - 8:48am | 27JP Morgan has initiated coverage on FelCor Lodging Trust, Inc. (NYSE: FCH) with a Neutral rating and $8 price target.
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MHI Hospitality Corporation Appoints David R. Folsom as President
Wednesday, January 19, 2011 - 5:23pm | 38MHI Hospitality Corporation (Nasdaq: MDH) announced today that its Board of Directors has appointed David R. Folsom as President of the Company. Mr. Folsom also will remain Chief Operating Officer.
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Housing Starts Down, Permits Up - Analyst Blog
Wednesday, January 19, 2011 - 1:31pm | 1828Housing Starts fell in December to a seasonally adjusted annual rate of just 529,000 from 553,000 in November, a fall of 4.3%. The November numbers were revised slightly lower from 555,000, so it is possible to see the decline as 26,000. Relative to a year ago they are down 8.2%. Quite frankly, a...
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Housing Starts Down, Permits Up - Analyst Blog
Wednesday, January 19, 2011 - 1:13pm | 1828Housing Starts fell in December to a seasonally adjusted annual rate of just 529,000 from 553,000 in November, a fall of 4.3%. The November numbers were revised slightly lower from 555,000, so it is possible to see the decline as 26,000. Relative to a year ago they are down 8.2%. Quite frankly, a...
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Jefferies Expects RevPAR Increase for LaSalle Hotel Properties (LHO)
Wednesday, January 19, 2011 - 10:55am | 140Jefferies is out with its report on LaSalle Hotel Properties (NYSE: LHO) as it expects a RevPAR increase in 4Q10. In a note to clients, Jefferies writes, "For LHO we expect RevPAR to increase 9.5% in 4Q10 due to the composition of the portfolio which is comprised of boutique urban hotels. We...