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Benzinga's Top Downgrades (SNIC, SVNT, FAST, PSA)
Wednesday, January 19, 2011 - 9:56am | 136Sonic Solutions (NASDAQ: SNIC) was downgraded by BMO Capital from "outperform" to "market perform." SNIC's shares closed at $15.35 yesterday. Sonic Solutions' PEG ratio is -11.82. Savient Pharmaceuticals Inc (NASDAQ: SVNT) was downgraded by BofA/Merrill from "neutral" to "underperform." SVNT's...
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Macquarie Downs PSA To Neutral
Wednesday, January 19, 2011 - 8:08am | 40Analysts at Macquarie downgrade Public Storage (NYSE: PSA) from “outperform” to “neutral.” The target price for PSA is set to $108. PSA shares gained 1.08% to close at $104.84 yesterday. More Analyst Ratings here
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DiamondRock Hospitality Company Announces Public Offering of 11M Shares
Tuesday, January 18, 2011 - 5:09pm | 69DiamondRock Hospitality Company (NYSE: DRH) today announced that it plans to sell 11,000,000 shares of its common stock in an underwritten public offering pursuant to its effective shelf registration statement previously filed with the Securities and Exchange Commission. The underwriter will be...
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DiamondRock to Acquire Hotel in Times Square for $112.5M to $135M
Tuesday, January 18, 2011 - 5:06pm | 143DiamondRock Hospitality Company (NYSE: DRH) today announced that it has entered into a purchase and sale agreement to acquire, upon completion, a hotel property under development on West 42nd Street in Times Square, New York City. Upon completion by the third-party developer, the Hotel is expected...
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Citigroup Ups NHP To Buy
Tuesday, January 18, 2011 - 7:41am | 52Analysts at Citigroup upgrade Nationwide Health Properties Inc (NYSE: NHP) from “hold” to “buy.” The target price for NHP has been raised from $39 to $40. NHP shares fell 0.42% to close at $35.77 on Friday. More Analyst Ratings here
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Keefe Bruyette Upgrades SHO To Outperform
Tuesday, January 18, 2011 - 6:29am | 54Analysts at Keefe Bruyette upgrade Sunstone Hotel Investors Inc (NYSE: SHO) from “market perform” to “outperform.” The target price for SHO has been raised from $12 to $12.50. SHO shares gained 4.18% to close at $10.22 on Friday. More Analyst Ratings here
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Schwab Expands Domestic ETF Offerings With REITs and Mid-Caps
Tuesday, January 18, 2011 - 4:00am | 739Schwab expanded its ETF line-up last Thursday (1/13/11) with the addition of Schwab U.S. REIT ETF (SCHH) and Schwab U.S. Mid-Cap ETF (SCHM). Both have low expense ratios of 0.13% and will have commission-free trading for Schwab customers. Schwab is not showing any signs of fear as it prepares for...
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Sunstone Hotel to Spread Wings - Analyst Blog
Monday, January 17, 2011 - 5:31pm | 711Sunstone Hotel Investors Inc. (SHO), a lodging real estate investment trust (REIT), recently announced its plans to acquire premium hotels across the U.S. worth approximately $1 billion to expand its portfolio and capitalize on improving market fundamentals. The company wants to buy upscale...
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Sunstone Hotel to Spread Wings - Analyst Blog
Monday, January 17, 2011 - 5:00pm | 711Sunstone Hotel Investors Inc. (SHO), a lodging real estate investment trust (REIT), recently announced its plans to acquire premium hotels across the U.S. worth approximately $1 billion to expand its portfolio and capitalize on improving market fundamentals. The company wants to buy upscale...
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Hospitality Properties Trust Announces Quarterly Common Dividend Of $0.45 (HPT)
Friday, January 14, 2011 - 5:02pm | 83Hospitality Properties Trust (NYSE: HPT) today announced a regular quarterly dividend of $0.45 per common share ($1.80 per share per year). This regular quarterly dividend will be paid to common shareholders of record as of the close of business on January 28, 2011 and distributed on or about...
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Strong Q4 for Health Care REIT - Analyst Blog
Friday, January 14, 2011 - 4:01pm | 543Health Care REIT, Inc. (HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate assets, has recently announced gross investments of $1.6 billion in fourth quarter 2010, partially offset by $77 million of asset sales and loan payoffs resulting in $1.5...
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Strong Q4 for Health Care REIT - Analyst Blog
Friday, January 14, 2011 - 3:40pm | 543Health Care REIT, Inc. (HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate assets, has recently announced gross investments of $1.6 billion in fourth quarter 2010, partially offset by $77 million of asset sales and loan payoffs resulting in $1.5...
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JP Morgan's Downgrades For January 14, 2011
Friday, January 14, 2011 - 10:25am | 80JP Morgan has downgraded the following companies: Brandywine Realty Trust (NYSE: BDN) $11.48 To Neutral from Overweight, $11.00 to $12.00 Corporate Office Properties (NYSE: OFC)$35.06 To Neutral from Overweight, $39.00 to $41.00 Nationwide Health Properties (NYSE: NHP) $35.92 To Neutral from...
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JP Morgan's PT Changes On REITs
Friday, January 14, 2011 - 10:18am | 343JP Morgan has changed the price targets on the following REITs: Acadia Realty Trust (NYSE: AKR) 18.09 Neutral $17.00 to $18.00 AMB Property Corporation (NYSE: AMB) $32.46 Neutral $30.00 to $26.00 Boston Properties (NYSE: BXP) $86.46 Overweight $110.00 to $91.00 CB Richard Ellis Group, Inc. (NYSE:...
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Jefferies Raises PT On Sunstone Hotel Investors
Friday, January 14, 2011 - 8:55am | 28Jefferies & Company has raised the price target on Sunstone Hotel Investors (NYSE: SHO) from $10 to $11 and maintains its Hold rating.