Earnings Scheduled For February 22, 2023
Companies Reporting Before The Bell
• Rio Tinto (NYSE:RIO) is projected to report earnings for its Fiscal Year 2022.
New 2022 Lows For These 3 REITs
The carnage in the real estate investment trust sector continues as new names hit new 52-week lows. The effect of rising interest rates is hitting the group hard and it’s not clear when the Fed might “pivot” to lower rates – late 2023, early 2024? In the meantime, these rate-sensitive REITs are not attracting buyers the way they used to.
Stocks That Hit 52-Week Lows On Thursday
Thursday's session saw 329 companies set new 52-week lows.
Raymond James Downgrades Sunstone Hotel Invts to Underperform
Raymond James analyst William Crow downgrades Sunstone Hotel Invts (NYSE:SHO) from Market Perform to Underperform.
Truist Securities Maintains Hold on Sunstone Hotel Invts, Lowers Price Target to $11
Truist Securities analyst Patrick Scholes maintains Sunstone Hotel Invts (NYSE:SHO) with a Hold and lowers the price target from $12 to $11.
Morgan Stanley Initiates Coverage On Sunstone Hotel Invts with Underweight Rating, Announces Price Target of $10
Morgan Stanley analyst Stephen Grambling initiates coverage on Sunstone Hotel Invts (NYSE:SHO) with a Underweight rating and announces Price Target of $10.
Earnings Scheduled For November 8, 2022
Companies Reporting Before The Bell
• Adtran (NASDAQ:ADTN) is likely to report quarterly earnings at $0.18 per share on revenue of $330.39 million.
5 REITs That Outperformed The Market On Monday
After weeks of intense and relentless selling, have real estate investment trusts (REITs) finally bottomed?
No one can say for sure, but REITs in general had a very good day Monday with some of the best up moves in awhile.
The following five REITs easily outperformed the Standard & Poor’s 500 on Monday, and that benchmark index was up 2.65%.
Sunstone Hotel Investors Set To Join S&P SmallCap 600; To Replace Vonage Holdings
https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20220718-1454336/1454336_vg6.pdf
Sunstone Hotel Investors Set To Join S&P SmallCap 600, To Replace Vonage Holdings
Sunstone Hotel Investors Inc. (NYSE: SHO) will replace Vonage Holdings Corp. (NASD:VG) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, July 21.