Research Reports Coverage on REIT Stocks -- Ashford Hospitality Trust, Hersha Hospitality Trust, Chesapeake Lodging Trust, and Xenia Hotels & Resort
NEW YORK, March 7, 2017 /PRNewswire/ --
Stock-Callers.com has issued research reports on these four Hotel and Motel REITs: Ashford Hospitality Trust Inc. (NYSE: AHT), Hersha Hospitality Trust (NYSE: HT), Chesapeake Lodging Trust (NYSE: CHSP), and Xenia Hotels & Resorts Inc. (NYSE: XHR). These real estate investment trusts are part of the Financials sector, which was in a steep decline in afternoon trade on Monday, March 06th, 2017. As per a NASDAQ report, the NYSE Financials Sector Index was off almost 0.5%, while Financials companies in the S&P 500 Index also were falling about 0.5%. These stocks research reports can be downloaded now by simply registering for free at:
http://stock-callers.com/registration
Ashford Hospitality Trust
Dallas, Texas-based Ashford Hospitality Trust Inc.'s stock finished Monday's session 0.46% higher at $6.49. A total volume of 726,526 shares was traded, which was above their three months average volume of 704,800 shares. The Company's shares are trading above their 200-day moving average by 2.73%. Moreover, shares of Ashford Hospitality Trust, which engages in investment and management of properties in the hospitality industry, have a Relative Strength Index (RSI) of 30.89.
On February 21st, 2017, Ashford Hospitality Trust announced that it has submitted a non-binding proposal to acquire FelCor Lodging Trust (FCH) ("FelCor") for a total consideration of $9.27 per share, based on closing prices as of February 17th, 2017. FelCor's shareholders would receive a fixed exchange ratio of 1.192 shares of Ashford Trust, a total of 400,000 shares of Ashford Inc., and a total of 100,000 warrants to purchase Ashford Inc.'s shares.
On February 27th, 2017, research firm FBR & Co. upgraded the Company's stock rating from 'Market Perform' to 'Outperform', with a target price of $8 per share. Your complete research report on AHT can be retrieved for free at:
http://stock-callers.com/registration/?symbol=AHT
Hersha Hospitality Trust
Shares in New Cumberland, Pennsylvania headquartered Hersha Hospitality Trust rose 0.10%, ending yesterday's session at $19.57. A total volume of 665,274 shares was traded, which was higher than their three months average volume of 568,520 shares. The stock is trading 4.35% above its 200-day moving average. Moreover, 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 36.04.
On February 22nd, 2017, Hersha Hospitality reported that net income applicable to common shareholders was $1.1 million, or $0.03 per diluted common share, in Q4 2016, compared to net income applicable to common shareholders of $8.8 million, or $0.19 per diluted common share, in Q4 2015. The Company's Adjusted Funds from Operations in Q4 2016 decreased by 28.8% to $23.0 million compared to $32.4 million in Q4 2015.
On March 03rd, 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'. A free report on HT is just a click away at:
http://stock-callers.com/registration/?symbol=HT
Chesapeake Lodging Trust
On Monday, Annapolis, Maryland-based Chesapeake Lodging Trust's stock saw a slight drop of 0.41%, to close the day at $24.00 with a total trading volume of 420,941 shares. The Company's shares have advanced 1.98% in the previous three months. The stock is trading 0.95% above its 200-day moving average. Additionally, shares of Chesapeake Lodging Trust, which primarily invests in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations, have an RSI of 31.48.
On February 22nd, 2017, Chesapeake Lodging reported that for Q4 2016 RevPAR decreased 0.6% for the hotel portfolio on a y-o-y basis to $174.56. The Company's net income available to common shareholders was $9.7 million, or $0.16 per diluted common share, for Q4 2016 and adjusted FFO was $28.4 million, or $0.48 per diluted common share. Sign up for your complimentary research report on CHSP at:
http://stock-callers.com/registration/?symbol=CHSP
Xenia Hotels & Resort
Shares in Orlando, Florida headquartered Xenia Hotels & Resorts Inc. ended the day 1.01% higher at $16.97. A total volume of 477,567 shares was traded, which was above their three months average volume of 453,060 shares. The stock is trading above its 200-day moving average by 0.88%. Furthermore, shares of Xenia Hotels & Resorts, which operates as a self-advised and self-administered REIT that invests in full service hotels in the US, have an RSI of 27.87.
On February 24th, 2017, Xenia Hotels announced that its Board of Directors has authorized a cash dividend of $0.275 per share of the Company's common stock for Q1 FY17. The dividend will be paid on April 14th, 2017 to all holders of record of the Company's common stock on March 31st, 2017. Register for free on Stock-Callers.com and download the latest research report on XHR at:
http://stock-callers.com/registration/?symbol=XHR
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