- Hotel REIT stocks took center stage today as a battle for LaSalle Hotel Properties (LHO +5.6%) began, with Blackstone agreeing to buy LHO for $33.50 a share, and Pebblebrook Hotel Trust (PEB +1.8%) rallying with a sweetened stock swap offer valued at about $35.89.
- REITs, overall, traded up in afternoon trading. Here's a sampling from each subcategory:
- Mortgage: CYS Investments (CYS +2.2%)
- Triple-net: Spirit Realty Capital (SRC +2.2%)
- Healthcare: Sabra Healthcare (SBRA +2.4%)
- Senior: Senior Housing Properties (SNH +2.3%)
- Mall: Tanger Factory Outlet Centers (SKT +2.6%)
- Shopping center: Kimco Realty (KIM +4.3%)
- Industrial: Lexington Realty Trust (LXP +1.8%)
- Office: Government Properties Income (GOV-OLD +1.9%)
- Sale/leaseback: Global Net Lease (GNL +1.5%)
- Commercial mortgage: Colony Northstar (CLNS +2.5%)
- Apartment: Preferred Apartment Communities (APTS +1.9%)
- Prison: Corecivic (CXW +1.7%)
- ETFs: VNQ, IYR, RQI, SCHH, RNP, RFI, KBWY, DRN, NRO, URE, ICF, XLRE, JRS, RWR, SRS, FREL, DRA, DRV, RIF, LRET, REK, RIT, FRI, FTY, PSR, USRT, WREI, IARAX, RORE, PPTY