NEW YORK, August 31, 2017 /PRNewswire/ --
If you want a Stock Review on HST, LHO, SHO, or FCH then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com monitors four Hotel and Motel REITs, namely: Host Hotels & Resorts Inc. (NYSE: HST), LaSalle Hotel Properties (NYSE: LHO), Sunstone Hotel Investors Inc. (NYSE: SHO), and FelCor Lodging Trust Inc. (NYSE: FCH). Lodging REITs are Equity REITs that own and manage hotels, and rent space in those properties to tenants. Learn more about these stocks by downloading their comprehensive and free reports from DailyStockTracker.com member's area at:
Host Hotels & Resorts
On Wednesday, shares in Bethesda, Maryland-based Host Hotels & Resorts Inc. rose 1.92%, ending the day at $18.02. The stock recorded a trading volume of 5.94 million shares. The Company's shares have advanced 0.78% over the previous three months. The stock is trading below its 200-day moving average by 1.18%. Moreover, shares of the Company, which engages in the ownership and operation of hotel properties, have a Relative Strength Index (RSI) of 50.07.
On August 17th, 2017, Host Hotels & Resorts announced that it has learned that certain affiliates of MacKenzie Capital Management, L.P. made an unsolicited "mini tender" offer for up to 240,000 operating partnership units ("OP Units") of Host Hotels & Resorts, L.P. ("Host L.P."), at a price of $15.15 per OP Unit less cash distributions made by Host L.P. after July 31st, 2017 (the "Offer"). Neither the Company nor Host L.P. are in any way associated with the Offer, and holders of OP Units are under no obligation to take any action with respect to the Offer. HST complete research report is just a click away at:
LaSalle Hotel Properties
Shares in Bethesda, Maryland-based LaSalle Hotel Properties ended the day 1.68% higher at $28.45 with a total trading volume of 707,445 shares. The stock is trading below its 200-day moving average by 3.04%. Shares of the Company, 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 48.97.
On August 02nd, 2017, research firm Goldman downgraded the Company's stock rating from 'Neutral' to 'Sell'. The complimentary report on LHO can be downloaded at:
Sunstone Hotel Investors
At the close of trading on Wednesday, shares in Aliso Viejo, California-based Sunstone Hotel Investors Inc. finished 2.43% higher at $15.60. A total volume of 2.14 million shares was traded, which was above their three months average volume of 1.78 million shares. The stock has advanced 2.30% on an YTD basis. The Company's shares are trading above their 200-day moving average by 1.43%. Additionally, shares of the Company, which operates as a REIT, have an RSI of 46.62.
On August 01st, 2017, Sunstone Hotel Investors announced results for Q2 ended June 30th, 2017. For Q2 2017, net income was $51.4 million, adjusted EBITDA was $102.3 million, and adjusted FFO was $0.38 per diluted share. As of June 30th, 2017, the Company had $663.7 million of cash and cash equivalents, including restricted cash of $66.4 million. Sign up for your complimentary research report on SHO at:
FelCor Lodging Trust
Irving, Texas-based FelCor Lodging Trust Inc.'s ("FCH") shares recorded a trading volume of 2.03 million shares at the end of yesterday's session. The stock closed the day 0.70% higher at $7.22. The Company's shares are trading below their 200-day moving average by 3.17%. Additionally, shares of FCH, which engages in investment and management of properties in the hospitality industry, have an RSI of 51.62.
On August 01st, 2017, FCH announced that it has sold its 168-room Royalton New York hotel to a joint venture between Rockpoint Group and Highgate for gross proceeds of $55 million. FCH will use net proceeds to repay borrowings under its line of credit. Get free access to your research report on FCH at:
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