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Fast Money Picks For October 27th (JCI, AXP, PCL)
Tuesday, October 26, 2010 - 6:50pm | 132On CNBC's Fast Money, Guy Adami said that he is a buyer of Johnson Controls, Inc. (NYSE: JCI). Johnson Controls (JCI) dropped 0.72% today, and closed at $34.49. In the after hours, JCI gained 0.46%. Joe Terranova said that he bought some American Express Company (NYSE: AXP) today. American Express...
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Diamondrock Hospitality Downgraded to Sector Perform
Tuesday, October 26, 2010 - 10:19am | 35Diamondrock Hospitality (NYSE: DRH)is downgraded from Outperform to Sector Perform at RBC Capital. The analysts maintain the price target of $11. Diamondrock Hospitality is currently trading at $10.41.
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Deutsche Bank Raises DRH Q4 Estimates
Tuesday, October 26, 2010 - 9:09am | 68Deutsche Bank is raising its Q4 estimates on DiamondRock Hospitality (NYSE: DRH) by a penny to $0.22. Deutsche Bank is lowering FY11 estimates due to lower revenue growth expectations. The change was driven by a handful of hotels in markets such as Fort Worth, Orlando, Lexington, and Torrance....
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Plum Creek Lowers Guidance; Shares Fall
Tuesday, October 26, 2010 - 8:32am | 53Plum Creek Timber (NYSE: PCL) earnings came in $0.05 below the $0.20 estimate by Deutsche Bank. Its guidance was also near the lower end of the range. The miss was driven by lower than expected sales. Deutsche Bank maintains its Buy and $45 PT PCL closed Monday at $37.01
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Plum Creek Timber Misses on Top and Bottom Lines (PCL)
Monday, October 25, 2010 - 4:49pm | 146Plum Creek Timber Co. Inc. (NYSE: PCL) reports Q3 earnings of $0.20 versus consensus of $0.24. Plum Creek Timber Co. Inc. reports revenues of $259 million versus consensus of $273.06 million. Revenues decreased 11.9% year over year. The company ended the third quarter with $267 million in cash and...
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Ventas Acquires Atria Assets - Analyst Blog
Monday, October 25, 2010 - 1:03pm | 458Ventas Inc. (VTR), a leading health care real estate investment trust (“REIT”), has recently acquired full ownership of all the real estate assets of Atria Senior Living Group, the fourth largest operator of assisted living properties in the U.S., for $3.1 billion. The purchase price included the...
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As The Dividend Tax Rate Approaches Expiration, AEP's CEO Lobbies To Keep It Intact
Monday, October 25, 2010 - 12:05pm | 195Assuming that the current tax rate is allowed to expire, investors will soon pay nearly 40% on qualified dividends – up from the 15% rate they pay today. Barron's reports that Michael G. Morris, CEO of American Electric Power Company (NYSE: AEP), is lobbying hard to keep the rate intact. He said...
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Morgan Keegan Expects $0.81 Per HCN Share
Monday, October 25, 2010 - 8:41am | 121Health Care REIT, Inc. (NYSE: HCN) will report third quarter earnings after the market close next Wednesday, November 3, followed by a conference call on Thursday at 10:00 AM EDT to discuss the results, Morgan Keegan reports. “Our FFO/share estimate of $0.81 is in line with the First Call consensus...
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Ventas Acquires Atria For $3.1 Billion
Monday, October 25, 2010 - 8:38am | 125Ventas (NYSE: VTR) announced a $3.1B agreement to acquire all 118 assets currently owned by Atria Senior Living Group. The transaction is valued at a 6.5% cap rate on stabilized assets and will be funded via $1.35B of stock, $150M of cash, and the assumption or repayment of $1.6B of debt. The...
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Morgan Keegan Updates Ventas Model Following Acquisition
Monday, October 25, 2010 - 7:54am | 153Ventas, Inc. (NYSE: VTR) announced that it will purchase 118 senior living assets from Atria Senior Living Group. Ventas will pay $3.1 billion in stock, cash, and debt assumption/retirement, or $230,000 per unit, for the facilities, which it will operate via a taxable REIT subsidiary. “We have...
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8 Under $10 Lottery Stocks
Friday, October 22, 2010 - 5:08pm | 235Unlike any of my other screens, this screen focuses on stocks trading under $10/share, and has a market cap of around $1 billion or less. As for the variables that I used in the screen, I focused on fundamentals, particularly companies that have a healthy balance sheet with little debt to speak of...
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Merger Friday: Ventas Buying Real Estate (VTR)
Friday, October 22, 2010 - 3:34pm | 61Ventas Inc. (NYSE: VTR) announced today it is buying the real estate assets of Atria Senior Living Group for $1.5 billion in cash and stock. This deal gives Ventas a portfolio of 118 homes located in wealthy coastal regions. Ventas is also assuming $1.6 billion in debt. At last check, Ventas...
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LaSalle Hotel Properties Executes Better Than Most, Jefferies & Company Reports
Friday, October 22, 2010 - 9:07am | 83In a report released this morning, Jefferies & Company said that it believes LaSalle Hotel Properties (NYSE: LHO) has executed better than most of its peers over the recent past from an operating perspective and acquisition perspective. “We believe the higher-end urban focus coupled with the...
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Jefferies & Company Initiates Coverage Of Hersha Hospitality
Friday, October 22, 2010 - 8:55am | 140In a report released this morning, Jefferies & Company said that the strength of Hersha Hospitality Trust's (NYSE: HT) business model during the downturn implies a comparatively modest recovery as the cycle improves. “HT's urban focus should be a key positive, although the limited service...
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Jefferies & Company Initiates Sunstone Hotel Coverage With A Hold Rating And $11 PT
Friday, October 22, 2010 - 8:25am | 91Sunstone Hotel Investors, Inc. (NYSE: SHO) remains a business on the rebound, as the company has successfully navigated the downturn and has begun rebuilding its portfolio, Jefferies & Company reports. “The underlying net asset value relative to the share price compares favorably, which...