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Jefferies Initiates Coverage On Host Hotels & Resorts (HST)
Friday, October 22, 2010 - 8:06am | 103Jefferies & Co. is initiating coverage on Host Hotels & Resorts (NYSE: HST) with a Buy rating and a $20 price target. In a note to clients, Jefferies writes, "As the hotel cycle recovers, we believe HST is well positioned to outperform. We believe the company is exposed to the higher end,...
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Jefferies & Company Initiates Coverage Of The Lodging Industry
Friday, October 22, 2010 - 7:57am | 198Jefferies & Company says that with the supply side of the hotel industry's equation benign and well understood by the Street, demand trends should be the key drivers of the stocks. “From this perspective, we examine the dichotomy between the recovery in business and group demand and that of...
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Robert W Baird Upgrades LHO To Outperform
Friday, October 22, 2010 - 7:52am | 52Analysts at Robert W Baird upgrade LaSalle Hotel Properties (NYSE: LHO) from "neutral" to "outperform." The target price for LHO has been raised from $23 to $28. LHO's shares lost 7.56% to close at $23.73 yesterday. More Analyst Ratings here
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LaSalle Hotel Properties Reports Third Quarter Results; EPS $.05
Wednesday, October 20, 2010 - 4:34pm | 152LaSalle Hotel Properties (NYSE: LHO) today reported net income to common shareholders of $10.1 million, or $0.14 per diluted share for the quarter ended September 30, 2010 compared to net income of $3.4 million, or $0.05 per diluted share for the third quarter of 2009. For the third quarter of...
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Citigroup Maintains DiamondRock Hospitality Buy Rating
Wednesday, October 20, 2010 - 11:50am | 115DiamondRock Hospitality Company's (NYSE: DRH) F3Q report and F4Q outlook were in-line with Street expectations, as well as its own, Citigroup reports. “Two company-specific issues were a drag on F3Q growth and should not persist – difficult group comparison at Westin Boston (~15-20% EBITDA) and a...
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Benzinga's Top ETF Decliners (CZM, FDM, EDC, AGQ, UCO)
Tuesday, October 19, 2010 - 5:47pm | 235Direxion Daily China Bull 3x Shares ETF (NYSE: CZM) dropped 11.75% in the regular trading on Tuesday, and it added 3.40% in the after hours. CNOOC Limited (ADR) (NYSE: CEO) fell 3.16%, and PetroChina Company Limited (ADR) (NYSE: PTR) lost 3.26%. First Trust Dow Jones Select MicroCap (ETF) (NYSE:...
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Hersha Hospitality Prices Public Offering of Common Shares at $5.80
Tuesday, October 19, 2010 - 8:54am | 83Hersha Hospitality Trust (NYSE: HT) today announced the pricing of its public offering of 25,000,000 common shares of beneficial interest, par value $0.01 per share, at a price of $5.80 per share. Gross proceeds from the offering will be approximately $145.0 million (or approximately $166.8 million...
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Hersha Hospitality Announces Public Offering of 21M Shares
Monday, October 18, 2010 - 4:04pm | 82Hersha Hospitality Trust (NYSE: HT) today announced the commencement of a public offering of 21,000,000 common shares of beneficial interest, par value $.01 per share. Hersha intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 3,150,000 common shares...
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LTC to Purchase Four Assisted Living Properties
Monday, October 18, 2010 - 9:32am | 151LTC Properties, Inc. (NYSE: LTC) announced today that it has entered into three purchase agreements to acquire four assisted living properties with a total of 241 units for an aggregate purchase price of $26.9 million. Three of the properties are located in Florida and one is located in Mississippi...
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Guest Post: Tranche Warfare
Monday, October 18, 2010 - 8:30am | 2374Today we have a special treat, a guest post from my friend Mark Marasciullo, one of the savviest commercial real estate owners and operators on the east coast. Mark is the managing partner of New Canaan Partners in Greenwich, CT. The below is a look at the state of the commercial real estate...
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Rayonier Increases Quarterly Dividend to $.54
Monday, October 18, 2010 - 8:23am | 73Rayonier (NYSE: RYN) announced today that its board of directors voted to increase the company's regular quarterly cash dividend by $.04 per common share, or 8 percent, from $.50 per share to $.54, effective for the fourth quarter distribution. The fourth quarter dividend is payable Dec. 31, 2010...
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Puts Purchased on Ventas Inc. (VTR)
Friday, October 15, 2010 - 1:42pm | 142Shares of Ventas, Inc. (NYSE: VTR) are lower on the session by 0.79%, currently trading at $53.71. The stock has been moving largely higher over the past six months and is trading just off of a fresh 52-week high. Options traders are buying puts on the name today. A short while ago the November $...
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Friday's Put/Call Ratio Leaders (VTR, LPX, FL, FAST, KBH)
Friday, October 15, 2010 - 12:19pm | 91Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Ventas Inc. (NYSE: VTR) 4,314 puts, 35 calls 2. Louisiana Pacific Corp. (NYSE: LPX) 5,247 puts, 81 calls 3. Foot Locker (NYSE: FL) 5,114 puts, 97 calls 4. Fastenal Co. (NASDAQ: FAST)...
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New Estimates And Price Target For Host Hotels & Resorts
Friday, October 15, 2010 - 9:51am | 84This morning, Goldman Sachs reports that it is updating its estimates and raising its price target for Host Hotels & Resorts, Inc. (NYSE: HST). “We are updating our estimates for Host following its 3Q 2010 results on a stronger ADR environment given our expectations for continued low supply...
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Omega Announces Increase in Common Stock Dividend to $.37
Thursday, October 14, 2010 - 4:30pm | 123Omega Healthcare Investors, Inc. (NYSE: OHI) today announced the company's Board of Directors declared a common stock dividend of $0.37 per share, increasing the quarterly common dividend by $0.01 per share over the prior quarter, and declared its regular quarterly dividend for the company's Series...