REITs trade up as LaSalle Hotel takeover battle highlights category

  • 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

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