-
Jefferies Underperform On Hersha Hospitality Trust (HT)
Monday, November 8, 2010 - 8:35am | 85Jefferies & Co. has an Underperform rating and a $5 price target on shares of Hersha Hospitality Trust (NYSE: HT). In a note to clients, Jefferies writes, "HT reported a stronger than expected quarter with margin and ADR performance better than expected driven by the NYC portfolio. While we...
-
Plum Creek Earnings Scorecard - Analyst Blog
Friday, November 5, 2010 - 3:36pm | 734Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) that owns one of the largest private timberlands in the U.S., reported fiscal 2010 third quarter earnings of 20 cents per share, which exceeded the Zacks Consensus Estimate by 8 cents. We cover below the results of the...
-
Ventas Beats Estimates - Analyst Blog
Friday, November 5, 2010 - 1:48pm | 708Ventas Inc. (VTR), a leading healthcare real estate investment trust (REIT), reported third quarter 2010 funds from operations (FFO) of $108.9 million or 69 cents per share, compared to $98.3 million or 63 cents in the year-earlier quarter. Funds from operations, a widely used metric to gauge the...
-
Public Storage Misses Estimates - Analyst Blog
Friday, November 5, 2010 - 12:32pm | 457Public Storage (PSA), a top real estate investment trust (REIT) operating self-storage facilities, reported third quarter 2010 FFO (funds from operations) of $1.69 per share, compared with $1.44 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of...
-
Ashford Hospitality Trust Upgraded to Outperform at Robert W. Baird
Friday, November 5, 2010 - 9:46am | 33Ashford Hospitality Trust (NYSE: AHT) is upgraded from Neutral to Outperform at Robert W. Baird. The analysts raised Ashford Hospitality Trust's price target from $8 to $12.
-
Public Storage Reports Mixed Results (PSA)
Thursday, November 4, 2010 - 5:20pm | 141Public Storage (PSA) reports Q3 earnings of $1.07 versus consensus of $1.34. Public Storage reports revenues of $422.8 million versus consensus of $382.39 million. Revenues for the Same Store Facilities increased 1.2% year over year. At September 30, 2010, PSA had approximately $513.5 million of...
-
Cogdell Spencer Inc. Reports Third Quarter EPS of $(0.04)
Thursday, November 4, 2010 - 4:16pm | 30Cogdell Spencer Inc. (NYSE: CSA) announces financial results for the three and nine months ended September 30, 2010. Net income (loss) $(1,838) Net income (loss) $(0.04)
-
HCN Marginally Misses - Analyst Blog
Thursday, November 4, 2010 - 2:12pm | 547Health Care REIT Inc. (HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, reported third quarter 2010 FFO (funds from operations) of $41.1 million or 33 cents per share, compared to $60.9 million or 53 cents in the year-earlier quarter. Fund...
-
NHI Announces $100 Million 5-Year Term Loan and 3-Year Credit Facility
Thursday, November 4, 2010 - 1:13pm | 103National Health Investors, Inc. (NYSE: NHI) announced today that it has closed on a $50 million term loan and a new $50 million revolving credit facility with Regions Bank that replaces a $100 million credit facility maturing in February 2011. The $50 million term loan bears interest at a fixed...
-
Sunstone Hotel Investors Reports Third Quarter EPS of $.19
Thursday, November 4, 2010 - 9:07am | 150Sunstone Hotel Investors, Inc. (NYSE: SHO) today announced results for the third quarter ended September 30, 2010. Third Quarter 2010 Operational Results: Total revenue was $177.7 million. Comparable Portfolio RevPAR was $108.07. Income available to common stockholders was $18.3 million....
-
Strategic Hotels & Resorts Reports Mixed 3Q
Thursday, November 4, 2010 - 8:08am | 159Deutsche Bank has published a "company alert" research report on Strategic Hotels & Resorts (NYSE: BEE) after mixed 3Q results and awaiting further liquidity initiatives. In the report, Deutsche Bank writes "BEE posted respectable RevPAR & hotel EBITDA growth in 3Q, but we thought results...
-
Brian Kelly Says Take A Look At Home Builders (XHB)
Wednesday, November 3, 2010 - 5:36pm | 87Brian Kelly said that with today's announcement from the Federal Reserve, he believes housing and timber will benefit, as housing is the biggest asset most people have. He said to take a look at the SPDR S&P Homebuilders (ETF) (NYSE: XHB), Plum Creek Timber (NYSE: PCL) and Home Depot (NYSE: HD...
-
Ashford Hospitality Trust Reports Third Quarter Results: EPS of $0.73
Wednesday, November 3, 2010 - 4:14pm | 130Ashford Hospitality Trust, Inc. (NYSE: AHT) today reported the following results and performance measures for the third quarter ended September 30, 2010. The proforma performance measurements for Occupancy, Average Daily Rate (ADR), revenue per available room (RevPAR), and Hotel Operating Profit (...
-
Strategic Hotels & Resorts Reports Third Quarter 2010 Results: Loss Per Share of $0.26
Wednesday, November 3, 2010 - 4:12pm | 88Strategic Hotels & Resorts (NYSE: BEE) today reported results for the third quarter ended September 30, 2010. RevPAR growth was a strong 7.3 percent during the quarter and was largely driven by a 5.4 percent increase in average daily rate. EBITDA margins expanded 240 basis points, excluding...
-
HCP Prices Offering of 12 Million Shares at $35.25
Wednesday, November 3, 2010 - 9:08am | 91HCP (NYSE: HCP) announced the pricing of a public offering of 12 million shares of common stock at a price per share of $35.25. The deal was upsized from the originally announced 10 million shares due to strong investor demand. The proceeds from this offering will be approximately $423 million and...