NEW YORK, August 30, 2016 /PRNewswire/ --
Stock-Callers.com is closely reviewing the following Hotel and Motel REITs: RLJ Lodging Trust (NYSE : RLJ ), Pebblebrook Hotel Trust (NYSE : PEB ), Apple Hospitality REIT Inc. (NYSE : APLE ), and Ashford Hospitality Trust Inc. (NYSE : AHT ). These companies belong to the Financial sector which was the best gainer among S&P 500 sectors on Monday, August 29, 2016. As per MarketWatch, the Financial Select Sector SPDR ETF climbed 0.9% on Monday. Today's research reports on the aforementioned stocks are downloadable for free upon registration at: http://stock-callers.com/registration
RLJ Lodging Trust
Bethesda, Maryland-domiciled RLJ Lodging Trust's stock finished Monday's session at $23.28, which was a slight drop of 0.09%. A total volume of 1.25 million shares was traded, which was above their three months average volume of 1.14 million shares. Over the previous three months and since the start of this year, the Company's shares have gained 15.52% and 11.09%, respectively. The stock is trading above its 50-day and 200-day moving averages by 2.40% and 9.85%, respectively. Moreover, shares of RLJ Lodging Trust, which in the real estate markets of the US, have a Relative Strength Index (RSI) of 52.23.
On August 3rd, 2016, RLJ Lodging Trust reported that net income for the three months ended June 30, 2016, was $58.7 million, compared to $56.4 million for the comparable period in 2015. The company's adjusted FFO for the three months ended June 30th, 2016, increased $4.1 million to $102.1 million, representing a 4.2% increase over the comparable period in 2015.
On August 08th, 2016, research firm Robert W. Baird downgraded the Company's stock rating from 'Outperform' to 'Neutral'. The research firm also revised downwards its previous target price from $25 to $24. Visit us today and access our complete research report on RLJ at: http://stock-callers.com/registration/?symbol=RLJ
Pebblebrook Hotel Trust
Shares in Bethesda, Maryland-based Pebblebrook Hotel Trust ended yesterday's session 0.91% higher at $30.09 with a total volume of 924,897 shares traded. The stock has gained 1.48% in the past month, 21.20% in the previous three months, and 10.58% on an YTD basis. The Company's shares are trading 5.06% above their 50-day moving average and 11.28% above their 200-day moving average. Moreover, shares of Pebblebrook Hotel Trust, which acquires and invests primarily in hotel properties located in the US, have an RSI of 56.32.
On August 12th, 2016, the company provided notice to the record holders of its 8.00% Series B Cumulative Redeemable Preferred Shares of the redemption of all 3,400,000 of the issued and outstanding Series B Preferred Shares. The cash redemption amount for each Series B Preferred Share is $25.00, plus accrued and unpaid dividends to, but not including, the redemption date of September 21st, 2016. The complimentary report on PEB can be downloaded at: http://stock-callers.com/registration/?symbol=PEB
Apple Hospitality REIT
On Monday, Richmond, Virginia-based Apple Hospitality REIT Inc.'s stock saw a slight decline of 0.30%, to close the day at $19.62. A total volume of 764,936 shares was traded. The Company's shares have advanced 8.74% in the previous three months and 1.96% on an YTD basis. The stock is trading 0.53% above its 50-day moving average and 4.04% above its 200-day moving average. Additionally, shares of Apple Hospitality REIT, which invests in the real estate markets of US, have an RSI of 45.88.
On August 19th, 2016, the company announced that its Board of Directors declared a regular monthly cash distribution of $0.10 per common share for the month of September 2016. The distribution is payable on September 15th, 2016 to shareholders of record as of September 2nd, 2016. As per the closing price of $19.88 on August 18th, 2016, the annualized distribution of $1.20 per common share represents an annual yield of approximately 6.0%. Register for free on Stock-Callers.com and access the latest research report on APLE at: http://stock-callers.com/registration/?symbol=APLE
Ashford Hospitality Trust
Shares in Dallas, Texas-based Ashford Hospitality Trust Inc. ended the day 0.44% higher at $6.86. A total volume of 331,544 shares was traded. The stock has gained 15.10% in the last one month, 39.69% in the previous three months, and 13.72% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 14.82% and 22.13%, respectively. Furthermore, shares of Ashford Hospitality Trust, which engages in investment and management of properties in the hospitality industry, have an RSI of 62.21.
On August 9th, 2016, the company announced that it has completed the redemption of all of its issued and outstanding shares of 9.00% Series E Cumulative Preferred Stock. The aggregate redemption price was $25.23125 per share. The total redemption cost was approximately $117 million, which was funded from the company's recently-completed public offering of 4,800,000 shares of 7.375% Series F Cumulative Preferred Stock. Get free access to your research report on AHT at: http://stock-callers.com/registration/?symbol=AHT
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA