Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Earnings
Jones Lang LaSalle reports Q1 total revenue $4.8B vs. $4.04B a year ago » 07:33
05/09/22
05/09
07:33
05/09/22
07:33
JLL

Jones Lang LaSalle

$201.52 /

-8.52 (-4.06%)

Reports Q1 fee revenue…

Reports Q1 fee revenue $1.9B vs. $1.42B a year ago.

ShowHide Related Items >><<
JLL Jones Lang LaSalle
$201.52 /

-8.52 (-4.06%)

JLL Jones Lang LaSalle
$201.52 /

-8.52 (-4.06%)

04/05/22 Goldman Sachs
Jones Lang LaSalle initiated with a Sell at Goldman Sachs
03/10/22 Wolfe Research
Jones Lang LaSalle price target lowered to $335 from $461 at Wolfe Research
06/14/21 Wolfe Research
Jones Lang LaSalle initiated with an Outperform at Wolfe Research
JLL Jones Lang LaSalle
$201.52 /

-8.52 (-4.06%)

Earnings
Jones Lang LaSalle reports Q1 adjusted EPS $3.47, consensus $2.14 » 07:30
05/09/22
05/09
07:30
05/09/22
07:30
JLL

Jones Lang LaSalle

$201.52 /

-8.52 (-4.06%)

Reports Q1 fee revenue…

Reports Q1 fee revenue $1.9B, consensus $1.69B.

ShowHide Related Items >><<
JLL Jones Lang LaSalle
$201.52 /

-8.52 (-4.06%)

JLL Jones Lang LaSalle
$201.52 /

-8.52 (-4.06%)

04/05/22 Goldman Sachs
Jones Lang LaSalle initiated with a Sell at Goldman Sachs
03/10/22 Wolfe Research
Jones Lang LaSalle price target lowered to $335 from $461 at Wolfe Research
06/14/21 Wolfe Research
Jones Lang LaSalle initiated with an Outperform at Wolfe Research
JLL Jones Lang LaSalle
$201.52 /

-8.52 (-4.06%)

Upgrade
Hersha Hospitality upgraded to Buy from Hold at Stifel » 05:19
05/06/22
05/06
05:19
05/06/22
05:19
HT

Hersha Hospitality

$9.95 /

-0.515 (-4.92%)

Stifel analyst Simon…

Stifel analyst Simon Yarmak upgraded Hersha Hospitality to Buy from Hold with a price target of $14.50, up from $11. The announcement of the portfolio sale last week "de-risked the story, and at current valuations there is limited downside," Yarmak tells investors in a research note. The analyst believes that if Hersha can execute on additional asset sales and enhance its improved portfolio, the stock's net asset value discount should narrow.

ShowHide Related Items >><<
HT Hersha Hospitality
$9.95 /

-0.515 (-4.92%)

HT Hersha Hospitality
$9.95 /

-0.515 (-4.92%)

04/21/22 Oppenheimer
Oppenheimer starts 'underappreciated growth story' Hersha with buy
04/21/22 Oppenheimer
Hersha Hospitality initiated with an Outperform at Oppenheimer
02/22/22 B. Riley
Hersha Hospitality price target raised to $11 from $10 at B. Riley
01/10/22 Raymond James
Hersha Hospitality upgraded to Market Perform from Underperform at Raymond James
HT Hersha Hospitality
$9.95 /

-0.515 (-4.92%)

Recommendations
Park Hotels & Resorts price target raised to $28 from $26 at Deutsche Bank » 07:03
05/03/22
05/03
07:03
05/03/22
07:03
PK

Park Hotels & Resorts

$19.55 /

-0.14 (-0.71%)

Deutsche Bank analyst…

Deutsche Bank analyst Chris Woronka raised the firm's price target on Park Hotels & Resorts to $28 from $26 and keeps a Buy rating on the shares. The analyst finds the stock's relative and absolute valuation as "too compelling to ignore." He believes Park can benefit from market and portfolio-specific tailwinds that drive forecasts higher.

ShowHide Related Items >><<
PK Park Hotels & Resorts
$19.55 /

-0.14 (-0.71%)

PK Park Hotels & Resorts
$19.55 /

-0.14 (-0.71%)

03/30/22 Jefferies
Jefferies downgrades Park Hotels & Resorts, prefers Host Hotels
03/30/22 Jefferies
Host Hotels upgraded to Buy at Jefferies on recovery prospects
03/30/22 Jefferies
Park Hotels & Resorts downgraded to Hold from Buy at Jefferies
01/10/22 BofA
Park Hotels & Resorts downgraded to Neutral as BofA restacks Lodging ratings
PK Park Hotels & Resorts
$19.55 /

-0.14 (-0.71%)

PK Park Hotels & Resorts
$19.55 /

-0.14 (-0.71%)

Earnings
Park Hotels & Resorts sees Q2 adjusted FFO 40c-49c » 06:10
05/02/22
05/02
06:10
05/02/22
06:10
PK

Park Hotels & Resorts

$19.69 /

-0.745 (-3.65%)

Sees Q2 EPS 5c-14c,…

Sees Q2 EPS 5c-14c, consensus 0c. Sees Q2 RevPAR $160M-$164M.

ShowHide Related Items >><<
PK Park Hotels & Resorts
$19.69 /

-0.745 (-3.65%)

PK Park Hotels & Resorts
$19.69 /

-0.745 (-3.65%)

03/30/22 Jefferies
Jefferies downgrades Park Hotels & Resorts, prefers Host Hotels
03/30/22 Jefferies
Host Hotels upgraded to Buy at Jefferies on recovery prospects
03/30/22 Jefferies
Park Hotels & Resorts downgraded to Hold from Buy at Jefferies
01/10/22 BofA
Park Hotels & Resorts downgraded to Neutral as BofA restacks Lodging ratings
PK Park Hotels & Resorts
$19.69 /

-0.745 (-3.65%)

PK Park Hotels & Resorts
$19.69 /

-0.745 (-3.65%)

Earnings
Park Hotels & Resorts reports Q1 adjusted FFO 8c, consensus (1c) » 06:08
05/02/22
05/02
06:08
05/02/22
06:08
PK

Park Hotels & Resorts

$19.69 /

-0.745 (-3.65%)

Reports Q1 revenue $479M,…

Reports Q1 revenue $479M, consensus $422.93M. RevPAR was $116.42, an increase of $75.10, or 181.7%, on a pro-forma basis from the same period in 2021. Thomas J. Baltimore, Jr., Chairman and CEO, stated, "I am extremely pleased with Park's Q1 results, which came in well ahead of expectations due to encouraging demand growth across our portfolio from both leisure and business travel. Strong leisure demand continued in Hawaii, Florida and Puerto Rico, while business and group demand in our San Francisco, New York, Boston, Washington, D.C. and Chicago markets witnessed solid gains during the second half of the quarter, which have accelerated into April. Despite some disruption from the Omicron variant during the first six weeks of the quarter, we continued to generate positive Hotel Adjusted EBITDA for the quarter and surpassed 2019 average daily rate for the portfolio for the first time since the start of the pandemic. Looking ahead, I am very encouraged by the accelerating demand trends we have been seeing month to month for the balance of the year and expect Park's diversified portfolio to benefit across all major segments. With current liquidity of over $1.5B, we are well positioned to seek out opportunities throughout the year to execute Park's business and growth strategies."

ShowHide Related Items >><<
PK Park Hotels & Resorts
$19.69 /

-0.745 (-3.65%)

PK Park Hotels & Resorts
$19.69 /

-0.745 (-3.65%)

03/30/22 Jefferies
Jefferies downgrades Park Hotels & Resorts, prefers Host Hotels
03/30/22 Jefferies
Host Hotels upgraded to Buy at Jefferies on recovery prospects
03/30/22 Jefferies
Park Hotels & Resorts downgraded to Hold from Buy at Jefferies
01/10/22 BofA
Park Hotels & Resorts downgraded to Neutral as BofA restacks Lodging ratings
PK Park Hotels & Resorts
$19.69 /

-0.745 (-3.65%)

PK Park Hotels & Resorts
$19.69 /

-0.745 (-3.65%)

Hot Stocks
Hersha Hospitality to sell non-core Urban Select Service properties for $505M » 06:15
04/28/22
04/28
06:15
04/28/22
06:15
HT

Hersha Hospitality

$9.75 /

+0.145 (+1.51%)

Hersha Hospitality Trust…

Hersha Hospitality Trust announced that it has entered into a definitive agreement to sell seven of its non-core Urban Select Service properties outside of New York for gross proceeds of $505M, or approximately $360,000 per key. Jay Shah, Hersha's CEO, stated, "We're pleased to have reached an agreement that supports our long-term strategic objectives and delivers immediate shareholder value. With the sale of these non-core properties, we are able to continue our transformation by deepening our focus on our luxury & lifestyle and New York portfolios - both demonstrating resiliency coming out of the pandemic. Our resort markets and lifestyle properties continue to outperform - as reflected in our first quarter financial results announced yesterday - and our purpose-built New York City cluster, coupled with our unique operating model, positions us for strong performances across the recovery." Hersha intends to use the proceeds from the sale of the USS Portfolio to provide immediate liquidity for a significant net debt reduction of approximately $460 - $480 million. In addition to approximately $390 - $410 million of corporate debt, the company expects to reduce mortgage debt associated with the USS Portfolio by approximately $75 million, resulting in a pro forma consolidated leverage ratio of 4.9x-5.1x.1 The company also expects to recast its existing credit facility, which would eliminate all corporate-level debt maturities through 2024. Following completion of the transaction, Hersha will own 26 hotels in six key destination markets across the U.S. On a pro forma basis, the remaining portfolio's Total RevPAR based on 2019 actual performance would have increased from $206 to $219, total ADR would have increased from $247 to $262, and EBITDA per Key would have increased from approximately $32,000 to $33,000. The transaction is expected to close in the third quarter of 2022, subject to customary closing conditions.

ShowHide Related Items >><<
HT Hersha Hospitality
$9.75 /

+0.145 (+1.51%)

HT Hersha Hospitality
$9.75 /

+0.145 (+1.51%)

04/21/22 Oppenheimer
Oppenheimer starts 'underappreciated growth story' Hersha with buy
04/21/22 Oppenheimer
Hersha Hospitality initiated with an Outperform at Oppenheimer
02/22/22 B. Riley
Hersha Hospitality price target raised to $11 from $10 at B. Riley
01/10/22 Raymond James
Hersha Hospitality upgraded to Market Perform from Underperform at Raymond James
HT Hersha Hospitality
$9.75 /

+0.145 (+1.51%)

Over a month ago
Hot Stocks
Hersha Hospitality reports Q1 hotel portfolio occupancy of 58% » 17:50
04/27/22
04/27
17:50
04/27/22
17:50
HT

Hersha Hospitality

$9.75 /

+0.145 (+1.51%)

CEO Jay Shah says:…

CEO Jay Shah says: "In addition to the continued outperformance of our resort markets, especially in March, we were very encouraged by the increased demand in our urban markets. Our portfolio registered a 31% increase in urban RevPAR in the back half of the month vs. the front half, and that demand has carried into April. While we delivered outsized growth across all of our urban portfolio, our biggest gains were in Philadelphia, Washington DC, and Manhattan. Ongoing dialogue with our corporate accounts indicates return to office and business travel should accelerate in the second quarter and will be further supplemented by renewed small group, as well as in person training programs. We expect these trends will drive further group and business transient demand during the summer."

ShowHide Related Items >><<
HT Hersha Hospitality
$9.75 /

+0.145 (+1.51%)

HT Hersha Hospitality
$9.75 /

+0.145 (+1.51%)

04/21/22 Oppenheimer
Oppenheimer starts 'underappreciated growth story' Hersha with buy
04/21/22 Oppenheimer
Hersha Hospitality initiated with an Outperform at Oppenheimer
02/22/22 B. Riley
Hersha Hospitality price target raised to $11 from $10 at B. Riley
01/10/22 Raymond James
Hersha Hospitality upgraded to Market Perform from Underperform at Raymond James
HT Hersha Hospitality
$9.75 /

+0.145 (+1.51%)

Hot Stocks
Hersha Hospitality not providing FY22 guidance » 17:49
04/27/22
04/27
17:49
04/27/22
17:49
HT

Hersha Hospitality

$9.75 /

+0.145 (+1.51%)

The company states:…

The company states: "Due to the uncertainty surrounding the lodging industry stemming from the COVID-19 pandemic, the Company will forego providing full-year 2022 guidance at this time."

ShowHide Related Items >><<
HT Hersha Hospitality
$9.75 /

+0.145 (+1.51%)

04/21/22 Oppenheimer
Oppenheimer starts 'underappreciated growth story' Hersha with buy
04/21/22 Oppenheimer
Hersha Hospitality initiated with an Outperform at Oppenheimer
02/22/22 B. Riley
Hersha Hospitality price target raised to $11 from $10 at B. Riley
01/10/22 Raymond James
Hersha Hospitality upgraded to Market Perform from Underperform at Raymond James
HT Hersha Hospitality
$9.75 /

+0.145 (+1.51%)

Earnings
Hersha Hospitality reports Q1 FFO 6c, consensus (2c) » 17:48
04/27/22
04/27
17:48
04/27/22
17:48
HT

Hersha Hospitality

$9.75 /

+0.145 (+1.51%)

Reports Q1 revenue…

Reports Q1 revenue $81.9M, consensus $83.3M. CEO Jay H. Shah stated, "Results in the first quarter were driven by a rapid demand recovery across all segments of the portfolio in February which accelerated through March. With over $12 million of property-level EBITDA March was the most profitable month since the onset of the pandemic. With rate integrity across all of our markets we drove 10.5% comparable portfolio ADR growth versus the first quarter of 2019 and resulted in significant EBITDA margin growth during the period. Our first quarter performance significantly exceeded our expectations at the beginning of the year and led to positive corporate-level cash flow during our slowest quarter of the year. Looking ahead, our month-to-date April results are running ahead of March and are outperforming our expectations. We expect to continue seeing monthly improvements as we move through the second quarter."

ShowHide Related Items >><<
HT Hersha Hospitality
$9.75 /

+0.145 (+1.51%)

04/21/22 Oppenheimer
Oppenheimer starts 'underappreciated growth story' Hersha with buy
04/21/22 Oppenheimer
Hersha Hospitality initiated with an Outperform at Oppenheimer
02/22/22 B. Riley
Hersha Hospitality price target raised to $11 from $10 at B. Riley
01/10/22 Raymond James
Hersha Hospitality upgraded to Market Perform from Underperform at Raymond James
HT Hersha Hospitality
$9.75 /

+0.145 (+1.51%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.