NEW YORK, August 11, 2016 /PRNewswire/ --
This morning Stock-Callers.com reviews the Financial sector which has had a lackluster performance so far this year. The Financial Select Sector SPDR ETF rose only 0.8% YTD while the rest of the S&P 500 climbed 8% this year. We direct investors' attention to these four equities and see if they are poised for potential growth: Host Hotels & Resorts Inc. (NYSE: HST), CBL & Associates Properties Inc. (NYSE: CBL), Hersha Hospitality Trust (NYSE: HT), and Xenia Hotels & Resorts Inc. (NYSE: XHR). Learn more about these stocks by accessing their free research reports at:
Host Hotels & Resorts
Bethesda, Maryland-based Host Hotels & Resorts Inc.'s stock finished Wednesday's session 0.11% higher at $18.20 with a total trading volume of 9.86 million shares. The Company's shares have advanced 6.06% in the past month, 14.81% over the previous three months, and 21.76% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 10.21% and 16.98%, respectively. Furthermore, shares of Host Hotels & Resorts, which primarily engages in the ownership and operation of hotel properties, have a Relative Strength Index (RSI) of 63.38.
On July 29th, 2016, Host Hotels & Resorts reported that its net income increased $137 million for Q2 2016 and $222 million year-to-date. The improvement in revenue per available room and food and beverage revenues helped drive GAAP operating profit margin growth of 100 basis points and 90 basis points for Q2 2016 and year-to-date, respectively.
On August 01st, 2016, research firm RBC Capital Markets downgraded the Company's stock rating from 'Outperform' to 'Sector Perform'. The research firm also revised downwards its previous target price from $19 per share to $18 per share. Free research report on HST is available at:
CBL & Associates Properties
On Wednesday, shares in Chattanooga, Tennessee-based CBL & Associates Properties Inc. ended the session at $12.57, up 2.61%. The stock recorded a trading volume of 2.87 million shares. The Company's shares have gained 21.22% in the last one month, 11.99% in the previous three months, and 7.11% since the start of this year. The stock is trading 21.61% above its 50-day moving average and 13.09% above its 200-day moving average. Moreover, shares of CBL & Associates Properties, which engages in acquisition, development, and management of properties, have an RSI of 73.57.
On July 15th, 2016, research firm KeyBanc Capital Markets upgraded the Company's stock rating from 'Sector Weight' to 'Overweight', issuing a target price of $15 per share.
On July 29th, 2016, CBL & Associates Properties reported net income attributable to common shareholders for Q2 2016 was $51.7 million, or $0.30 per diluted share, compared with net income of $30.7 million, or $0.18 per diluted share, for the Q2 2015. The company's FFO allocable to common shareholders, as adjusted, for Q2 2016 was $101.3 million, or $0.59 per diluted share. The complimentary research report on CBL can be downloaded at:
Hersha Hospitality Trust
New Cumberland, Pennsylvania headquartered Hersha Hospitality Trust's stock ended yesterday's session 1.32% lower at $19.45 and with a total trading volume of 380,872 shares. The Company's shares have advanced 2.15% in the past month and 3.89% in the previous three months. The stock is trading 7.07% above its 50-day moving average. Additionally, shares of Hersha Hospitality Trust, which engages in the ownership and operation of mid-scale limited service hotels in the Eastern US, have an RSI of 57.15.
On August 09th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with a decrease of the target price from $23 a share to $21 a share.
On August 3rd, 2016, Hersha Hospitality Trust announced that it has closed on a new $200 million Senior Unsecured Term Loan. The new Term Loan, together with the Company's existing term loans and revolving line of credit, expands the Company's senior unsecured borrowing capacity from $800 million to $1.0 billion. Visit us today and access our complete research report on HT at:
Xenia Hotels & Resorts
At the close, shares in Orlando, Florida headquartered Xenia Hotels & Resorts Inc. recorded a trading volume of 782,333 shares, which was above their three months average volume of 547,150 shares. The stock finished 0.95% lower at $17.75. The Company's shares have gained 0.06% in the last one month, 14.40% over the previous three months, and 20.03% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.04% and 14.82%, respectively. Furthermore, shares of Xenia Hotels & Resorts, which operates as a self-advised and self-administered real estate investment trust that invests in full service hotels in the US, have an RSI of 57.72. Get free access to your research report on XHR at:
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