Increasing Dividends & Enhancing Holdings - Research Report on W.P. Carey, Colony Financial, Strategic Hotels & Resorts and Summit Hotel Properties
NEW YORK, March 19, 2013 /PRNewswire/ --
Today, Wall Street Source announced new research reports highlighting W.P. Carey Inc. REIT (NYSE: WPC), Colony Financial Inc (NYSE: CLNY), Strategic Hotels & Resorts Inc (NYSE: BEE), Pebblebrook Hotel Trust (NYSE: PEB) and Summit Hotel Properties Inc (NYSE:INN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
W.P. Carey Inc. REIT Research Report
Carey Watermark Investors, a publicly registered non-traded REIT whose portfolio is managed by W.P. Carey Inc., recently announced its acquisition of Courtyard by Marriott Pittsburgh Shadyside. The 132-room hotel is worth approximately $34.6 million, including $29.9 million purchase price and $4.8 million of planned capital improvements and acquisition-related costs. According to Michael Medzingian, CEO of Carey Watermark Investors, this investment provides an opportunity for generating strong cash flow and future value for investors. Going forward, the company believes that its investment strategies will continue to provide steady inflows. Furthermore, as a sign of the benefits and recognition that the company has gained following its conversion to REIT status and its merger with CPA: 15, W.P. Carey has increased its quarterly dividend by 24 percent to 82 cents per share, equating to an annualized rate of $3.28. The Full Research Report on W.P. Carey Inc. REIT - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/3f93_WPC]
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Colony Financial Inc Research Report
Colony Financial has been gaining constantly since the company crushed estimates for the fourth quarter, reporting a 22 percent increase in profit on strong revenue growth. The company's investment strategies like acquiring single family houses for rent in select major US markets allowed it to earn interest in more than 7000 homes. Going forward, the company cites many potential transactions including ones in Europe that will help the company sustain its strong momentum. Seeing the company's potential, analysts at RBC Capital boosted their price target to $24 and maintained their Outperform rating on the stock. The Full Research Report on Colony Financial Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/f36a_CLNY]
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Strategic Hotels & Resorts Inc Research Report
One of Strategic Hotels & Resorts' major growth opportunities is from its acquisition of Essex House Hotel, which brings the company back to the New York market and allows the company strengthen its operations in the East Coast. This is part of the company's plans to enhance its portfolio and create shareholder value. Going forward, the company will focus on maximizing revenue per available room, non-rooms revenue and profit margins while continuously looking for opportunities to strengthen its portfolio. The Full Research Report on Strategic Hotels & Resorts Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/e4f4_BEE]
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Pebblebrook Hotel Trust Research Report
Pebblebrook Hotel Trust increased its first quarter 2013 dividend by approximately 33 percent to 16 cents per common share of beneficial interest, payable on April 15, 2013. Looking ahead, the company expects to benefit from its capital reinvestment and asset management efforts. This includes its acquisition of the Embassy Suites in San Diego Bay which expands its presence in the downtown San Diego market. The strong demand for lodging in an area bustling with leisure activities makes the Embassy Suites an excellent investment for the company. The Full Research Report on Pebblebrook Hotel Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/7455_PEB]
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Summit Hotel Properties Inc Research Report
Summit Hotel Properties has closed its previously announced acquisition of a portfolio of five Louisiana hotels containing a total of 823 rooms with a total purchase price of $135 million. According to president and CEO Dan Heusen, this acquisition will allow the company to take advantage of the business and leisure demand in this market. Going forward, Summit Hotel Properties expects to benefit from its acquisition of 19 hotels and renovation of 5 hotels. The company will also seek new acquisitions and investment opportunities that will strengthen its portfolio and add shareholder value. The Full Research Report on Summit Hotel Properties Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/fb3a_INN]
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