Citadel Secuities - Despite Recent Rally, Investors Can Still Find Value in FCH, GET and SHO
Tweet
Share
E-mailGet Alerts FCH Hot Sheet
Price: $7.30 --0%
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Citadel Secuities - Despite Recent Rally, Investors Can Still Find Value in FCH, GET and SHO
"RevPAR Up 9.9% for W/E 7/2 - A Healthy Improvement Over Last 4 Weeks -
Weekly RevPAR ticked up meaningfully in the week ending 7/2 as higher-end chains (Luxury through Upper Midscale) continue to significantly outperform the Midscale and Economy chain scales. The 9.9% increase was also markedly better than the last 4 weeks, which ranged from up 5.2% to 7.2%. Most major markets posted double-digit increases, with the exception of Atlanta (-5.3%) and Boston (-1.5%). New York City increased an unimpressive."
Citadel analyst said, "Lodging stocks are in the midst of a recent 10.3% rally that began on June 17th, following an 18.5% sell-off from the previous peak hit on February 15th. That said, we believe investors can still find value in a number of our Add-rated lodging companies/REITs, which have been relative underperformers. Specifically, investors should consider adding fresh capital to FelCor (NYSE: FCH), Gaylord Entertainment (NYSE: GET) and Sunstone (NYSE: STO 0- all of which still have meaningful upside potential, in our view.
"RevPAR Up 9.9% for W/E 7/2 - A Healthy Improvement Over Last 4 Weeks -
Weekly RevPAR ticked up meaningfully in the week ending 7/2 as higher-end chains (Luxury through Upper Midscale) continue to significantly outperform the Midscale and Economy chain scales. The 9.9% increase was also markedly better than the last 4 weeks, which ranged from up 5.2% to 7.2%. Most major markets posted double-digit increases, with the exception of Atlanta (-5.3%) and Boston (-1.5%). New York City increased an unimpressive."
Citadel analyst said, "Lodging stocks are in the midst of a recent 10.3% rally that began on June 17th, following an 18.5% sell-off from the previous peak hit on February 15th. That said, we believe investors can still find value in a number of our Add-rated lodging companies/REITs, which have been relative underperformers. Specifically, investors should consider adding fresh capital to FelCor (NYSE: FCH), Gaylord Entertainment (NYSE: GET) and Sunstone (NYSE: STO 0- all of which still have meaningful upside potential, in our view.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Benchmark Reiterates Buy Rating on Rank One Computing (ROC)
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
