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Morgan Keegan Lowering Estimates On Health Care REIT (HCN)
Friday, December 3, 2010 - 7:56am | 108Morgan Keegan is lowering its estimates on Health Care REIT (NYSE: HCN). It still rates shares at Outperform and has a $55 price target. In a note sent to investors Morgan Keegan writes, "We are making small adjustments to our model. We are lowering our 2011 FFO estimate from $3.27 to $3.23 and...
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Hersha Hospitality Trust Announces Dividends on Common and Preferred Stocks
Thursday, December 2, 2010 - 5:04pm | 104Hersha Hospitality Trust (NYSE: HT), owner of select service and upscale hotels in major metropolitan markets, today announced that its Board of Trustees declared a cash dividend of $0.50 per Series A Preferred Share for the fourth quarter ending December 31, 2010. The preferred share dividend is...
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Plum Creek Completes Montana Sale - Analyst Blog
Thursday, December 2, 2010 - 11:30am | 532Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., has recently completed the third and final phase of the Montana forestland sale to ‘The Nature Conservancy and The Trust for Public Land'. The company has received $89 million in...
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Plum Creek Completes Montana Sale - Analyst Blog
Thursday, December 2, 2010 - 5:43am | 532Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., has recently completed the third and final phase of the Montana forestland sale to ‘The Nature Conservancy and The Trust for Public Land'. The company has received $89 million in...
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ADP Sees 93,000 Jobs Added - Analyst Blog
Wednesday, December 1, 2010 - 12:00pm | 1780The Automatic Data Processing (ADP) employment survey was much better than expected in November. It shows that private sector employment rose by 93,000 in October, above consensus expectations for a 58,000 increase. Also, the October numbers were revised to a gain of 82,000 jobs rather than the...
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HCN Mulls Share Issue - Analyst Blog
Wednesday, December 1, 2010 - 10:00am | 528Health Care REIT Inc. (HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate assets, has recently announced plans to offer 9.0 million common shares to raise cash. The company will also grant the underwriters an option to purchase an additional 1.4...
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Jefferies Adjusts Health Care REIT Estimates; Lowers PT To $54
Wednesday, December 1, 2010 - 8:39am | 92Jefferies & Company is revising its Health Care REIT (NYSE: HCN) 2010, 2011, and 2012 FFO/share estimates to $3.11, $3.20, and $3.48, from $3.11, $3.32, and $3.55, respectively. “Our adjustments reflect: 1) 3Q10 results; 2) dilution from the recent senior unsecured note issuance ($450M @ 4.95...
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ADP Sees 93,000 Jobs Added - Analyst Blog
Wednesday, December 1, 2010 - 6:43am | 1780The Automatic Data Processing (ADP) employment survey was much better than expected in November. It shows that private sector employment rose by 93,000 in October, above consensus expectations for a 58,000 increase. Also, the October numbers were revised to a gain of 82,000 jobs rather than the...
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Top 4 Stocks In The REIT-Hotel/Motel Industry With The Highest Dividend Yield (DRH, LHO, IHT, HST)
Wednesday, December 1, 2010 - 6:03am | 123Below are the top REIT-hotel/motel stocks on the NYSE, the NASDAQ and the AMEX in terms of dividend yield. Diamondrock Hospitality Company (NYSE: DRH) has a dividend yield of 12.80%. DRH's shares closed at $10.53 yesterday. LaSalle Hotel Properties (NYSE: LHO) has a dividend yield of 1.90%. LHO's...
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HCN Mulls Share Issue - Analyst Blog
Wednesday, December 1, 2010 - 4:25am | 528Health Care REIT Inc. (HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate assets, has recently announced plans to offer 9.0 million common shares to raise cash. The company will also grant the underwriters an option to purchase an additional 1.4...
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Benzinga's After Hours Decliners (CECO, HCN)
Tuesday, November 30, 2010 - 8:33pm | 83Among the stocks that are moving lower in the after hours trading session are Corinthian Colleges (NASDAQ: COCO) and Health Care REIT, Inc. (NYSE: HCN). COCO announced today that their CEO has resigned, effective immediately. The stock has lost 5.80% in the late trading session. HCN announced a 9...
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St. Joe Executes Airport Access - Analyst Blog
Tuesday, November 30, 2010 - 7:30pm | 425The St. Joe Company (JOE), a publicly-held operationally diversified real estate company, has recently signed a ‘Master Airport Access' agreement to provide through-the-fence access at the new Northwest Florida Beaches International Airport. The airport, built on 4,000 acres of land donated by...
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Health Care REIT, Inc. Announces Offering of 9.0M Shares
Tuesday, November 30, 2010 - 5:10pm | 78Health Care REIT, Inc. (NYSE: HCN) announced that it intends to offer, subject to market and other conditions, 9,000,000 shares of its common stock. Health Care REIT intends to grant the underwriters a 30-day option to purchase up to an additional 1,350,000 shares to cover over-allotments, if any...
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St. Joe Executes Airport Access - Analyst Blog
Tuesday, November 30, 2010 - 1:55pm | 425The St. Joe Company (JOE), a publicly-held operationally diversified real estate company, has recently signed a ‘Master Airport Access' agreement to provide through-the-fence access at the new Northwest Florida Beaches International Airport. The airport, built on 4,000 acres of land donated by...
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Goldman Sachs Initiates Coverage on Ventas (VTR)
Monday, November 29, 2010 - 12:09pm | 113Goldman Sachs initiates coverage on Ventas (NYSE: VTR) with a Neutral rating and a $53 price target. In a note to clients, Goldman Sachs writes, "We arrive at our price target by assuming a premium to our forward NAV estimate of $44, given VTR's premier asset quality, strong balance sheet, superior...