NEW YORK, September 9, 2016 /PRNewswire/ --
Real estate investment trusts have been interesting to watch over the last few days as they recently broke out of the Financials to become the 11th sector in the S&P 500. Today, Stock-Callers.com shifts its attention to four Hotel and Motel REITs to review their most recent performances: Diamondrock Hospitality Co. (NYSE: DRH), Sunstone Hotel Investors Inc. (NYSE: SHO), LaSalle Hotel Properties (NYSE: LHO), and FelCor Lodging Trust Inc. (NYSE: FCH). Learn more about these stocks by downloading their comprehensive and free reports at:
Bethesda, Maryland-based Diamondrock Hospitality Co.'s stock finished Thursday's session at $9.71, which was a decline of 1.92%. A total volume of 1.64 million shares was traded. Over the previous three months and since the start of this year, the Company's shares have gained 8.27% and 3.43%, respectively. The stock is trading above its 200-day moving average by 4.49%. Moreover, shares of Diamondrock Hospitality, which owns premium hotels and resorts in North America, have a Relative Strength Index (RSI) of 35.91.
As per notes filed with the SEC dated September 6th, 2016, Robert Tanenbaum notified DiamondRock Hospitality on August 30th, 2016 of his decision to resign as Executive Vice President and Chief Operating Officer, effective September 22, 2016. Mr. Tanenbaum has accepted an opportunity to join Park Hotels & Resorts Inc., a lodging real estate company to be spun-off from Hilton Worldwide Holdings Inc., as Executive Vice President, Asset Management. Diamondrock Hospitality has engaged Ferguson Partners, a national executive recruiting firm, and begun the search process to replace Mr. Tanenbaum. DRH complete research report is just a click away and free at:
Sunstone Hotel Investors
Shares in Aliso Viejo, California-based Sunstone Hotel Investors Inc. ended yesterday's session 1.06% lower at $13.06. A total volume of 3.35 million shares was traded, which was above their three months average volume of 2.25 million shares. The stock has gained 10.79% in the previous three months and 5.42% on an YTD basis. The Company's shares are trading 3.70% above their 200-day moving average. Moreover, shares of Sunstone Hotel Investors, which operates as a real estate investment trust, have an RSI of 38.86.
On August 8th, 2016, Sunstone Hotel Investors reported that Q2 2016 net income increased 22.5% to $65.7 million. The company's adjusted FFO attributable to common stockholders per diluted share decreased 9.3% to $0.39. As of June 30, 2016, Sunstone Hotel Investors had total assets of $3.7 billion, including $3.2 billion of net investments in hotel properties, total consolidated debt of $1.0 billion and stockholders' equity of $2.5 billion. The complimentary report on SHO can be downloaded at:
LaSalle Hotel Properties
On Thursday, Bethesda, Maryland-based LaSalle Hotel Properties' stock saw a decline of 1.18%, to close the day at $26.04. A total volume of 1.49 million shares was traded. The Company's shares have advanced 15.23% in the previous three months and 7.58% on an YTD basis. The stock is trading 7.42% above its 200-day moving average. Additionally, shares of LaSalle Hotel Properties, which engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets in the US, have an RSI of 32.94. Sign up for your complimentary research report on LHO at:
FelCor Lodging Trust
Shares in Irving, Texas-based FelCor Lodging Trust Inc. ended the day 1.76% lower at $6.71 and with a total volume of 959,506 shares traded. The stock has gained 1.98% in the last one month and 3.22% in the previous three months. The Company's shares are trading above their 50-day moving average by 3.10%. Furthermore, shares of FelCor Lodging Trust, which engages in investment and management of properties in the hospitality industry, have an RSI of 49.57.
On September 01st, 2016, FelCor Lodging Trust announced that it has sold the 383-room Holiday Inn Nashville Airport to an affiliate of Memphis-based Fairwood Capital, LLC for gross proceeds of $31.6 million. FelCor will use the proceeds to repay borrowings under its line of credit. Get free access to your research report on FCH at:
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