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NexPoint A Buy With 'Middle-America' Holdings
Tuesday, June 28, 2016 - 9:36am | 293Read More...NexPoint Residential Trust Inc (NYSE: NXRT) is poised for solid NOI and FFO growth in the near and medium terms, on account of its value-creating renovation strategy, Canaccord Genuity’s Ryan Meliker said in a report. He initiated coverage of the company with a Buy rating and a price target...
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Canaccord Makes Valuation Call On Starwood Hotels, Downgrades To Hold
Wednesday, May 4, 2016 - 9:59am | 265Read More...Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) reported better-than- expected 1Q results, with adjusted EBITDA of $281 million and recurring EPS of $0.70. Canaccord Genuity’s Ryan Meliker downgraded the rating for the company from Buy to Hold, while reducing the price target from $...
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Canaccord Sees 25% Upside In Lodging
Friday, March 4, 2016 - 11:52am | 269Read More...Canaccord Genuity's Ryan Meliker mentioned that the sentiment on Lodging stocks improved in February. The CG Lodging Index was up 11.7 percent, as compared to a 0.4 percent decline in the S&P 500 and a 0.7 percent fall in the RMZ. The positive results came during an earnings season when...
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What Happened To Marriott?
Thursday, February 18, 2016 - 12:16pm | 249Read More...Canaccord Genuity issued a note on Marriott International Inc (NASDAQ: MAR) after the company announced earnings that fell below consensus estimates while offering FY 2016 guidance that is in line with expectations. The firm rates Mariott as a Buy with an $88 price target. Analysts Ryan Meliker...
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Cannacord Sees Election Rhetoric Limiting Prison REIT Upside
Monday, January 11, 2016 - 8:27am | 374Read More...The GEO Group Inc (NYSE: GEO) shares are down 14 percent since October 12, while shares of Corrections Corp Of America (NYSE: CXW) have lost 12 percent. Canaccord Genuity's Ryan Meliker maintained a Buy rating for GEO Group and a Hold rating for Corrections Corp. Election rhetoric...
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Canaccord Upgrades Marriott, Likes Starwood Acquisition
Friday, December 4, 2015 - 8:31am | 391Read More...Marriott International Inc (NASDAQ: MAR) shares are down 10 percent in the last one month, closing below $69 on December 3. Canaccord Genuity’s Ryan Meliker upgraded the rating on the company from Hold to Buy, while raising the price target from $83 to $88. Meliker believes that the...
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Massive REIT Conference Could Have Lasting Effects On Investors
Friday, November 20, 2015 - 2:27pm | 535Read More...Canaccord recently met with REIT management at the NAREIT Convention. The firm reports extremely low market sentiment for lodging REITs. Canaccord believes that REIT-related fears surrounding a tech slowdown in Silicon Valley and a political push to eliminate the private prison system are...
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Why Marriott And Starwood Shares Deserve To Trade Higher After Merger
Monday, November 16, 2015 - 10:56am | 341Read More...Shares of both Marriott International Inc (NASDAQ: MAR) and Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) are down around 7 percent year-to-date. Canaccord Genuity’s Ryan Meliker maintained a Hold rating on Marriott and a Buy rating on Starwood, with price targets of $83 and...
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Starwood Hotels For Sale? These Analysts Are Buying
Thursday, October 29, 2015 - 8:58am | 294Read More...Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) shares are down 2 percent year-to-date, despite having climbed 22 percent since September 29. Canaccord Genuity’s Ryan Meliker maintained a Buy rating on the company, while raising the price target from $89 to $93. Starwood...
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6 Ways To Invest In Super Bowl 50
Thursday, October 15, 2015 - 3:32pm | 462Read More...Canaccord Genuity believes that the 2016 Super Bowl in San Francisco will provide some big returns for hotel REITs with exposure to the area. The firm expects a 5.5 percent boost to San Francisco RevPAR in Q1. The 2016 Super Bowl will likely have a larger impact on RevPAR than 2014’s New...
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MLV & Co Sees Strong Beat And Positive 2015 Outlook For Summit Hotel Properties
Tuesday, March 3, 2015 - 10:38am | 150Read More...In a report published Tuesday, MLV & Co analyst Ryan Meliker reiterated a Buy rating and $15.00 price target on Summit Hotel Properties, Inc. (NYSE: INN). In the report, MLV & Co noted, "INN reported very strong 4Q results and issued 2015 RevPAR guidance above what we believe were already...
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MLV & Co Believes Guidance Might Be Enough For RLJ Lodging Trust
Thursday, February 26, 2015 - 8:49am | 168Read More...In a report published Thursday, MLV & Co analyst Ryan Meliker reiterated a Buy rating and $39.00 price target on RLJ Lodging Trust (NYSE: RLJ). In the report, MLV & Co noted, "Given the recently lowered expectations for RLJ, with the stock down 5.4% YTD on concerns surrounding heavy...
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MLV & Co Reiterates Buy, Lowers Price Target On Strategic Hotels And Resorts Following 4Q Review
Wednesday, February 25, 2015 - 9:43am | 194Read More...In a report published Wednesday, MLV & Co analyst Ryan Meliker reiterated a Buy rating on Strategic Hotels and Resorts Inc. (NYSE: BEE), but lowered the price target from $16.00 to $15.00. In the report, MLV & Co noted, "BEE's 4Q print was relatively disappointing as EBITDA and FFO came in...
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Negative Sentiment Towards Starwood Hotels & Resorts Worldwide May Be Turning Positive
Wednesday, February 11, 2015 - 11:40am | 218Read More...In a report published Wednesday, MLV & Co analyst Ryan Meliker reiterated a Buy rating and $91.00 price target on Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT). In the report, MLV & Co noted, "HOT reported strong 4Q results, exceeding guidance and consensus expectations on both...
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UPDATE: MLV & Co Downgrades Host Hotels And Resorts As Focus Shifts To Stocks
Thursday, January 15, 2015 - 9:30am | 127Read More...In a report published Thursday, MLV & Co analyst Ryan Meliker downgraded the rating on Host Hotels and Resorts Inc (NYSE: HST) from Buy to Hold, but reiterated the $26.00 price target. In the report, MLV & Co noted, “Our HST downgrade to HOLD from BUY is driven by a current valuation that...
