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Bullish MACD for Rayonier Inc. - Tale of the Tape
Tuesday, September 14, 2010 - 11:37am | 110Rayonier Inc. ’s (RYN) MACD indicator has entered into bullish territory with a reading of 0.005. The Zacks #1 Rank (“Strong Buy”) stock rose slightly to $48.98 in morning trade. The Zacks Consensus Estimate for the year ending December 2010 has increased 15 cents over the past two months to $2.15...
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DiamondRock Acquires Asset - Analyst Blog
Tuesday, September 14, 2010 - 11:06am | 524DiamondRock Hospitality Co. (DRH), a real estate investment trust (REIT) that owns premium hotel properties, recently acquired Hilton Garden Inn Chelsea, New York City, for $68.4 million. With this acquisition, DiamondRock currently owns three hotels in New York City, one of the best hotel markets...
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Rayonier Names Boynton President and COO (RYN)
Thursday, September 9, 2010 - 3:01pm | 61Rayonier (NYSE: RYN) today announced that Paul G. Boynton has been elected president and chief operating officer by the company’s board of directors, effective October 1. Boynton will report to Lee M. Thomas, chairman and CEO. Boynton joined the company in 1999 and currently serves as executive...
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I'm Lovin It! McDonald's Reports Strong August Sales (MCD)
Thursday, September 9, 2010 - 8:08am | 143McDonald's (NYSE: MCD) reported strong August same-store-sales (SSS) that were seen as better than expected. McDonald's Corporation today announced global comparable sales growth of 4.9% in August. Sales in the United States were up 4.6%, Europe was up 2.2% and Asia/Pacific, Middle East and Africa...
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Denny's Corporation Provides Update (DENN)
Tuesday, September 7, 2010 - 4:19pm | 94Denny’s Corporation (Nasdaq: DENN) provided an update on its August, 2010 Same Store Sales (SSS), which respresented meaningful improvement year over year, and on its Flying J conversions. Company SSS: August: -1.0%; Quarter to date: -1.3% Company Guest Count: August: +2.4%; Quarter To date: +2.1...
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Health Care REIT, Inc. Announces Pricing of $450 Million of 4.70% Senior Notes
Tuesday, September 7, 2010 - 4:05pm | 94Health Care REIT, Inc. (NYSE: HCN) today announced that it has priced an offering of $450 million in aggregate principal amount of 4.70% Senior Notes due September 15, 2017. The notes were priced at 99.710% of their face amount to yield 4.749%. Subject to customary closing conditions, the offering...
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Bulls Checking Into Host Hotels (HST)
Tuesday, September 7, 2010 - 1:09pm | 192Shares of Host hotels & Resorts Inc. (NYSE: HST) are lower on the session by 0.49%, currently trading at $14.09. The stock has been moving largely lower over the past five months in a downward trending pattern. The stock is currently at the technical sell point. Options traders are buying...
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Bullish MACD for Ashford Hospitality - Tale of the Tape
Sunday, September 5, 2010 - 6:33am | 107Ashford Hospitality Trust, Inc.’s (AHT) MACD indicator has entered into bullish territory with a reading of 0.0029. The Zacks #1 Rank (“Strong Buy”) Stock gained more than 3% to $9.16 in morning trade. The Zacks Consensus Estimate for 2010 jumped 20 cents over the past month to $1.20 per share. ...
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InnSuites Hospitality Trust Reports Q2 Results
Friday, September 3, 2010 - 4:05pm | 116InnSuites Hospitality Trust (AMEX: IHT) Highlights: Adjusted EBITDA was $758,000 for the six month period ended July 31, 2010 compared to $1.4 million in the prior year period. Net loss attributable to controlling interest was $(688,000), or $(0.08) per basic and diluted share, for the six months...
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Target Corp. Misses Its Same-Store Sales Estimate (TGT)
Thursday, September 2, 2010 - 8:42am | 109Shares of Target Corp. (NYSE: TGT) are big lower in the pre-market following the company’s release of its same-store sales (SSS) data. TGT said that August SSS were positive by 1.8%; this compares with the Street estimate of a 2% rise. Net sales for the four weeks ended August 8 rose 3.4% to $5....
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Limited Brands Beats Same-Store-Sales Estimates (LTD)
Thursday, September 2, 2010 - 8:38am | 125Shares of Limited Brands Inc. (NYSE: LTD) are bid slightly higher this morning after the company reported same-store-sales (SSS) that beat the Street consensus. LTD said that August SSS rose 10%; this compares with the Street estimate of a 7.3% gain Total sales for the four weeks ended Aug. 28...
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Hersha Hospitality Acquires Hampton Inn Washington, DC
Wednesday, September 1, 2010 - 4:12pm | 53Hersha Hospitality Trust (NYSE: HT) announced that it has purchased the 228 room Hampton Inn, Washington, D.C. for approximately $73.0 million, or $320,000 per key excluding closing costs. The institutional grade hotel was constructed in 2005 and is the only Hampton Inn located in the District of...
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HCP, SRZ Enter $50 Million Deal
Wednesday, September 1, 2010 - 2:59pm | 148HCP Inc (NYSE: HCP) has reached a deal to end the contracts on 27 of its senior housing communities that were managed by Sunrise Senior Living Inc (NYSE: SRZ). HCP plans to enter into new contracts for these 27 communities and said that these will have improved operating margins. The changes will...
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Hospitality Properties Trust Declares Preferred Dividend
Wednesday, September 1, 2010 - 12:51pm | 59Hospitality Properties Trust (NYSE: HPT) today announced that its board of trustees has declared the regular quarterly dividend on HPT's Series B Cumulative Redeemable Preferred Shares. A distribution of $0.5546875 per Series B preferred share is payable on or about October 15, 2010, to holders of...
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Mid-Day Market Movers (SLRY, SRZ, AMPH, PTSX)
Wednesday, September 1, 2010 - 10:46am | 177Salary.com (NASDAQ: SLRY) jumped 42.31% to $4.07 at 10:27 am. Kenexa Corp (NASDAQ: KNXA) has agreed to buy SLRY for about $80 million or $4.07 per share, representing a 42% premium to SLRY’s closing price on Tuesday. Sunrise Senior Living Inc (NYSE: SRZ) climbed 32.13% to $2.92. HCP Inc (NYSE: HCP...