Today, 6:58 AM
Thu, Sep. 17, 2:31 PM
- Income favorites like mortgage REITs (REM +1.6%) and equity REITs (IYR +1.4%) are the knee-jerking upward after the FOMC decided to keep ZIRP in place a least a little while longer.
- The "dots" still say a rate hike (and maybe two) is coming before year-end.
- Annaly Capital (NLY +2.1%), American Capital Agency (AGNC +1.6%), Armour Residential (ARR +1.5%), Two Harbors, (TWO +1.3%), Invesco (IVR +1.6%), Dynex Capital (DX +1.5%).
- Spirit Realty (SRC +2.4%), Health Care REIT (HCN +3%), HCP (HCP +2.3%), Gramercy Property (GPT +1.9%), Post Properties (PPS +2.5%), Brixmor (BRX +1.4%), Kimco (KIM +1.6%), Public Storage (PSA +1.1%), Chatham Lodging (CLDT +2.3%), Stag Industrial (STAG +1.8%)
- ETFs: MORL, REM, MORT, LMBS, IYR, VNQ, DRN, URE, RQI, SCHH, ICF, SRS, RWR, RNP, JRS, KBWY, RFI, NRO, DRV, RIT, REK, RIF, FRI, FTY, PSR, DRA, FREL, WREI, IARAX
Tue, Sep. 15, 12:21 PM
- Pebblebrook Hotel Trust last night said RevPAR this quarter could miss guidance thanks to weaker-than-expected demand in August and September. The stock is lower by 7.2%, and taking most of the rest of the sector along with it.
- Ashford Hospitality (AHT -2.7%), Ashford Hospitality Prime (AHP -1.8%), Sunstone Hotel (SHO -3.3%), LaSalle Hotel (LHO -4%), Chesapeake Lodging (CHSP -3.4%), Summit Hotel (INN -2%), RLJ Lodging (RLJ -3.6%), Chatham Lodging (CLDT -2.2%), FelCor Lodging (FCH -4.1%), Host Hotels (HST -3.7%), DiamondRock (DRH -3.3%), Hersha Hospitality (HT -3.5%).
- Notable outperformers: Hospitality Properties (HPT -0.8%), Strategic Hotels (BEE flat).
Thu, Sep. 10, 9:01 AM
Mon, Aug. 10, 8:52 AM
Wed, Aug. 5, 2:40 PM
- Q2 adjusted FFO of $27.2M or $0.71 per share vs. $14.8M and $0.56 one year ago.
- Hotel RevPAR of $139 up 6.4% for the company's 35 wholly-owned hotels -towards the low end of 6-8% guidance.
- Hotel EBITDA margin of 46% up 240 basis points.
- Q3 RevPAR guidance of $144-$146, or growth of 5-6%. Adjusted FFO per share of $0.75-$0.80. Full-year RevPAR guidance of $129-$131, or growth of 5.5-6.5%. Adjusted FFO of $2.33-$2.38.
- Previously: Chatham Lodging Trust misses by $0.02, beats on revenue (Aug. 5)
- CLDT -6.1%
Wed, Aug. 5, 8:10 AM
Tue, Aug. 4, 5:30 PM
- AMSC, ANSS, ARIA, ARQL, ATHM, ATRO, AVA, AVT, BLT, CEQP, CHK, CLDT, CLH, CMLP, CONE, CRK, CRME, CSTE, CSTM, CTSH, D, DAVE, DISCA, DISH, DNOW, DNR, EE, ENBL, FI, GDP, GTN, HCA, HFC, HSC, ICE, INXN, KATE, KELYA, KERX, LDOS, LG, LINC, LIOX, LL, LPLA, MEMP, MSI, MSO, MWE, PCLN, PWR, RDC, RL, SALE, SBGI, SCMP, SE, SNAK, SODA, SPAR, SPB, SUP, TMHC, TWX, USAC, VC, VLP, VOYA, VSI, WCG, WD, WEN, WIX
Wed, Jul. 22, 8:54 AM
- "Our outlook on the industry remains bullish, and we continue to find excellent opportunities to add properties that match our strategy of acquiring premium-branded, high-quality, in-fill hotels with high barriers to entry and growing demand in two of the country's strongest lodging markets," says CLDT CEO Jeffrey Fisher, noting CIO Peter Willis sourced these two buys privately through his extensive network of industry relationships.
- The buys are the 81-room Residence Inn Boston (Dedham), and the 105-room Residence Inn Ft. Lauderdale Intercoastal. The total purchase price is $55.5M, or $298K per room.
- Source: Press Release
Fri, Jul. 10, 8:54 AM
Wed, Jun. 10, 8:55 AM
Fri, May 8, 9:52 AM
Tue, May 5, 8:49 AM
Mon, May 4, 5:30 PM
- ABMD, ACTA, AFSI, ALLT, AMAG, ANIP, BBEP, BBW, BLMN, BPI, CIE, CLDT, CRTO, CVLT, CYNO, DIS, DISCA, DTV, EIGI, EL, EMR, ENR, EXH, EXLP, GCAP, GLDD, GLT, GTN, GVA, H, HCA, HCP, HEP, HRC, HRS, HW, ICE, ISIS, K, KEM, KLIC, KMT, LPX, MDC, MDCO, MMP, MNK, MSO, NBL, NGLS, NNN, [[NTi]], NWN, ODP, OZM, PRIM, SABR, SALE, SBH, SCOR, SGNT, SMG, SNSS, SPAR, SRE, SSE, STWD, TDG, TECH, TGH, TRW, TW, UAM, USAK, VLP, VMC, VSH, WEC, WNR, YORW, ZTS
Fri, Apr. 17, 12:19 PM
- For the first time in nearly a year, writes Susan Persin, weekly U.S. RevPAR fell as of April 4, and results were mixed for the following week, with lower occupancy offsetting ADR growth.
- According to STR, which compiles the data, the RevPAR weakness is likely temporary thanks to Passover and Easter. The company notes fundamentals - an improving economy, low gasoline prices, and limited supply - remain in place.
- Could be, says Persin, but investors - eyeing the strong dollar and its effect on foreign travel to the U.S. - had turned somewhat negative on the previously hot sector before April's data. Host Hotels and Resorts (NYSE:HST) is the largest lodging REIT by far, contributing more than 25% of the sector's market cap. Its stock peaked in December and is lower by 14.3% YTD, despite a Q4 earnings beat and raised guidance.
- There's also supply concerns, with the 126K rooms under construction in March up 23% from a year ago. NYC has the largest number of rooms under construction/planned, followed by Houston, Miami, and Chicago.
- Other sector names: Hospitality Properties (NYSE:HPT), Ashford Hospitality (NYSE:AHT), Strategic Hotels (NYSE:BEE), Sunstone Hotel (NYSE:SHO), LaSalle Hotel (NYSE:LHO), Pebblebrook Hotel (NYSE:PEB), Chesapeake Lodging (NYSE:CHSP), Summit Hotels (NYSE:INN), RLJ Lodging (NYSE:RLJ), Chatham Lodging (NYSE:CLDT), Hersha Hospitality (NYSE:HT).
Fri, Apr. 10, 9:57 AM
CLDT vs. ETF Alternatives
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