26.02 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||25.98 x 800|
|Ask||26.04 x 1200|
|Day's Range||25.87 - 26.10|
|52 Week Range||23.68 - 33.81|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||16.71|
|Forward Dividend & Yield||1.60 (6.18%)|
|1y Target Est||N/A|
Let's delve into the factors that will likely impact Q2 performance of W. P. Carey (WPC), Chesapeake Lodging (CHSP) and Saul Centers (BFS).
Chesapeake Lodging (CHSP) delivered FFO and revenue surprises of -6.76% and -3.32%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
The first quarter was a breeze as Powell pivoted, and China seemed eager to reach a deal with Trump. Both the S&P 500 and Russell 2000 delivered very strong gains as a result, with the Russell 2000, which is composed of smaller companies, outperforming the large-cap stocks slightly during the first quarter. Unfortunately sentiment shifted […]
Park Hotels & Resorts' (PK) shedding of non-core assets for $166 million comes as part of its capital-recycling efforts, helping substantially lower the company's leverage ahead of its proposed merger.
Tysons-based Park Hotels & Resorts (NYSE: PK) is offloading three hotels for $166 million as it moves toward its acquisition of Chesapeake Lodging Trust. Park deems the three hotels — the 507-room Hilton Atlanta Airport, the 317-room Hilton New Orleans Airport and the 274-room Embassy Suites Parsippany in Parsippany, New Jersey — noncore domestic assets.
Chesapeake Lodging Trust NYSE:CHSPView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for CHSP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CHSP. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold CHSP had net inflows of $740 million over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
AT&T (NYSE:T) is currently yielding 6.7%. Dividend investors love AT&T stock and its juicy payout despite the fact it's highly likely the telecom/media company will have to cut its dividend in the future to help pay down its massive debt.Source: Shutterstock Debt is a big reason that I'm not a fan of AT&T and probably never will be. Chasing yield is a mug's game. It's the total return that counts, not dividend yield. And while the AT&T stock price is up approximately $2.77 a share, 51 cents of that return is due to its quarterly dividend. InvestorPlace - Stock Market News, Stock Advice & Trading TipsBy the end of the year, the dividend could account for almost 100% of its total return. For my money, I want the dividend to account for no more than 50% of a stock's total return, preferably even lower around 25%. * 6 Trade War Stocks With a Lot of Risk Here are two stocks with a market cap higher than $2 billion trading within $2 of AT&T that will meet my criterion above and outperform AT&T stock on a total return basis over the next 1, 3, and 5-year periods. Both of these stocks should put AT&T on the bench. Permanently. Wolverine World WideMichigan-based Wolverine World Wide (NYSE:WWW) is probably best known for its Hush Puppies and Merrell brands. However, the footwear manufacturer has a total of 12 brands in its portfolio including Keds, Sperry, and Saucony. Wolverine released its first-quarter results May 10 and investors didn't like them sending its stock down by more than 5% on the news. With the losses after its Q1 2019 report, WWW stock is now down about 6.7% year to date. Its downward trend in 2019 ends three years of consecutive annual gains. Like Warren Buffett, I believe that it's good news when a stock is dropping in price because it allows you to buy while it's on sale. Analysts see good things ahead for Wolverine. "Despite back-end weighted guidance, we are confident Wolverine will achieve top- and bottom-line FY19 objectives," wrote Susquehanna Financial Group analysts. "Headwinds faced in the first half should subside in the second half."Yielding 1.4%, capital appreciation is the key to shareholder happiness. Delivering an annualized total return of 13.2% over the past decade, I see WWW outperforming AT&T stock in the long run. Park Hotels & ResortsPark Hotels & Resorts (NYSE:PK) was spun-off from Hilton Hotels (NYSE:HLT) in January 2017. It is a real estate investment trust that owns 52 premium branded hotels and resorts in the U.S. On May 6, in addition to releasing its Q1 2019 results, the company announced that it would buy Chesapeake Lodging Trust (NYSE:CHSP) for $2.7 billion. The strategic investment gives Park Hotels a total of 66 properties in 17 states and Washington D.C. and an enterprise value of $12.0 billion. As a result of the purchase, the company's revenue per available room (RevPAR) increases by 3.4% to $182. It also expands the number of hotel brands in the portfolio beyond Hilton, DoubleTree, and Waldorf Astoria, to include Marriott (NYSE:MAR), Hyatt (NYSE:H), and other third-party operators. Since Park Hotels was spun-off from Hilton, it's delivered a 46% total return to shareholders through the company's merger announcement with Chesapeake. I expect that its latest acquisition will provide significant shareholder returns in the years to come. Currently yielding 6.0%, I believe it's a much better and safer dividend play than AT&T stock. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 2 Dividend Stocks That Are Way More Productive Than AT&T Stock appeared first on InvestorPlace.
Under the terms of the deal, Park Hotels will acquire all outstanding Chesapeake shares, creating a combined company with an estimated enterprise value of $12 billion. Chesapeake shareholders will receive $11 in cash and 0.628 of a share of Park common stock for each Chesapeake share they hold, according to Monday's press release.
Park owns hotels from Waikiki to San Francisco to Midtown Manhattan to Boston to Orlando, and numerous major markets in between, including the District.
Chesapeake Lodging (CHSP) delivered FFO and revenue surprises of 2.27% and -0.11%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Park's offer of $31.71 per share represents a premium of about 8 percent to Chesapeake Lodging's closing price on Friday. The merged entity will have an enterprise value of about $12 billion, following the close of the deal by fourth quarter of 2019, and is closely behind No.1 Host Hotels & Resorts Inc's enterprise value of about $17.7 billion, Park Hotels said. Park's portfolio of properties consists of 51 premium-branded hotels and resorts, which have more than 30,000 rooms located in prime U.S. markets.
Hotel owner Park Hotels & Resorts Inc on Monday agreed to buy smaller rival Chesapeake Lodging Trust in a cash and stock deal valued at $2.7 billion that would create the second biggest lodging real estate investment trust in the United States. Park's offer of $31.71 per share represents a premium of about 8 percent to Chesapeake Lodging's closing price on Friday. The merged entity will have an enterprise value of about $12 billion, following the close of the deal by fourth quarter of 2019, and is closely behind No.1 Host Hotels & Resorts Inc's enterprise value of about $17.7 billion, Park Hotels said.
The real estate investment trust, based in Arlington, Virginia, said it had funds from operations of $26.8 million, or 45 cents per share, in the period. The average estimate of seven analysts surveyed ...
Low-cost index funds make it easy to achieve average market returns. But in any diversified portfolio of stocks, you'll see some that fall short of the average. Unfortunately for shareholders, while the Chesapeake Lodgin...