Lakeway, TX -- (SBWIRE) -- 02/25/2013 -- vb-news.net, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Hersha Hospitality Trust (NYSE:HT) shares jumped 3.32% and closed at $5.60 in the last trading session. The company, on Feb. 20, reported fourth-quarter funds from Operations of $19.84 million from $11.90 million in the year ago quarter. Adjusted Funds from Operations or AFFO in the fourth quarter increased to $23.4 million, compared to $16.5 million for the fourth quarter of 2011. AFFO per share increased 22.2% to $0.11 compared to $0.09 in same quarter in 2011. Analysts expected the company to report earnings of $0.10 per share for the quarter. Net income was $3.3 million or $0.02 per share compared to a net loss of $2.8 million or $0.02 per share in the year ago quarter. Total revenues for the quarter rose to $98.90 million from $76.39 million in the prior year quarter. Analysts had consensus revenue estimate of $94.36 million for the quarter.
Additionally, HT’s stock was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Feb. 22.
How Should Investors Trade HT After The Solid Jump? Let’s Find Out Here
Las Vegas Sands Corp. (NYSE:LVS) shares gained 3.32% and closed at $50.73. Argus upgraded shares of Las Vegas from a hold rating to a buy rating in a research report released last week. Argus currently has $66.00 price target on the stock. Additionally, analysts at Morgan Stanley raised their EPS on shares of Las Vegas Sands in a research note to investors on Monday, February 4. They now have an overweight rating and a $60.00 price target on the stock.
Is LVS Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
ING Groep N.V. (ADR) (NYSE:ING) shares gained 3.31% to $8.43. The company, on Feb. 21, announced that Mr. Jan Hommen will step down from his position as CEO of ING Group per October 1, 2013. He will be succeeded as CEO by Mr. Ralph Hamers serving as CEO of ING Belgium. Mr. Jan Hommen's four-year term in the Executive Board will expire after the Annual General Meeting (AGM) on May 13, 2013. The Supervisory Board of the Company is to propose to the AGM to re-appoint him for the period until October 1, 2013 to ensure a leadership transition.
Is ING Buy After The Recent Price Movement? Find Out Here
Morgan Stanley (NYSE:MS) shares climbed 3.29% to $23.58. The company, last week, said it raised $4.5 billion of cash in its largest U.S. debt offering since April 2011 on Wednesday. The market had been anticipating a major deal from the investment bank since it posted fourth-quarter earnings in mid-January. With spreads in the Barclays index of financial-sector bonds declining Tuesday to 1.42 percentage points, the lowest since October 2007, it finally sensed an opportunity.
Is MS a Buy At The Current Market Price? Don’t Miss Out Our Special Coverage Here
vb-news.net’s team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.
The assembled information disseminated by vb-news.net is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. vb-news.net does expect that investors will buy and sell securities based on information assembled and presented in vb-news.net. PLEASE always do your own due diligence, and consult your financial advisor.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)