Insiders in Lodging Sector Buying Stock While Execs in Apartment, Self-Storage Groups Selling
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Price: $22.98 --0%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
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Today's Overall Ratings:
Up: 9 | Down: 11 | New: 13
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 11 | New: 13
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In a research note from Monday morning, Stifel Nicolaus' Rod Petrik recommended investors follow executives into the stocks of Lodging companies.
Managers in the Lodging sector have recently been buying shares as their respective stock prices have declined. The trend comes as the Lodging group has continued lower amid broader market concerns related to fears of a double-dip recession.
On the other side of the spectrum, execs in the Apartment rental and Self-Storage sectors are selling stock. As expected, stocks in these two segments have been outperforming recently.
In the Lodging group, Petrik said Chesapeake Lodging (Nasdaq: CHSP) was the biggest net buyer of stock, followed by Strategic Hotels (NYSE: BEE). AvalonBay (NYSE: AVB) was the largest net seller in the Apartment group, with Camden (NYSE: CPT) and Equity Residential (NYSE: EQR) just behind. In the Self-Storage sector, Public Storage (NYSE: PSA) was the most prominent seller, followed by Sovran Self Storage (NYSE: SSS).
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Managers in the Lodging sector have recently been buying shares as their respective stock prices have declined. The trend comes as the Lodging group has continued lower amid broader market concerns related to fears of a double-dip recession.
On the other side of the spectrum, execs in the Apartment rental and Self-Storage sectors are selling stock. As expected, stocks in these two segments have been outperforming recently.
In the Lodging group, Petrik said Chesapeake Lodging (Nasdaq: CHSP) was the biggest net buyer of stock, followed by Strategic Hotels (NYSE: BEE). AvalonBay (NYSE: AVB) was the largest net seller in the Apartment group, with Camden (NYSE: CPT) and Equity Residential (NYSE: EQR) just behind. In the Self-Storage sector, Public Storage (NYSE: PSA) was the most prominent seller, followed by Sovran Self Storage (NYSE: SSS).
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