Second Quarter Financial Results Announcements - Research Report on Equity Residential, Hersha Hospitality Trust, RLJ Lodging

  Second Quarter Financial Results Announcements - Research Report on Equity
    Residential, Hersha Hospitality Trust, RLJ Lodging Trust, DiamondRock
                  Hospitality, and Ashford Hospitality Trust

Editor Note: For more information about this release, please scroll to bottom.

PR Newswire

NEW YORK, August 28, 2013

NEW YORK, August 28, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting Equity
Residential (NYSE: EQR), Hersha Hospitality Trust (NYSE: HT), RLJ Lodging
Trust (NYSE: RLJ), DiamondRock Hospitality Co. (NYSE: DRH), and Ashford
Hospitality Trust Inc. (NYSE: AHT). Today's readers may access these reports
free of charge - including full price targets, industry analysis and analyst
ratings - via the links below.

Equity Residential Research Report

On July 30, 2013, Equity Residential (EQR) reported results for Q2 2013. The
Company reported funds from operations (FFO) of $0.73 per share, compared to
$0.64 per share in Q2 2012. EQR's reported earnings also increased to $0.90
per diluted share during the quarter, from $0.33 per diluted share in Q2 2012,
due to higher gains from property sales. David J. Neithercut, EQR's President
and CEO, commented, "We are pleased that apartment fundamentals across our
markets remain strong and that we will again produce results for the full year
in line with our original guidance and well above historical trends. We are
extremely proud of our property teams across the country for delivering such
strong performance while simultaneously integrating 21,000 newly acquired
apartment units into our portfolio." The Full Research Report on Equity
Residential - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.InvestorsReports.com/report/2013-08-02/EQR]

Hersha Hospitality Trust Research Report

On July 30, 2013, Hersha Hospitality Trust (HT) announced results for Q2 2013.
The Company's consolidated hotel revenue per available room (RevPAR) for its
57 hotels as of June 30, 2013, increased 3.6% YoY to $142.1. Net income
applicable to common shareholders was $14.3 million or $0.07 per diluted
share, in Q2 2013, compared to $13.1 million or $0.07 per diluted share, in Q2
2012. Mr. Jay H. Shah, the Company's CEO, said, "Year-to-date RevPAR growth of
8.0% within our same store consolidated portfolio remains industry leading.
Our year-over-year quarterly RevPAR growth was somewhat muted, however, as the
Company faced tough comparables for transient travel in April as a result of
the Easter holiday shift, a softer convention calendar in Boston and
Philadelphia, as well as the impact from a slowdown in government travel due
to sequestration in our Washington, D.C. metro market." The Full Research
Report on Hersha Hospitality Trust - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.InvestorsReports.com/report/2013-08-02/HT]

RLJ Lodging Trust Research Report

On August 6, 2013, RLJ Lodging Trust (RLJ) released its Q2 2013 financial
results. The Company reported an 8.7% YoY increase in its Pro forma RevPar,
driven by an increase in average daily rate (ADR) of 6.3% YoY and an increase
in Occupancy of 2.3% YoY. Net income attributable to common shareholders for
Q2 2013 was $40.5 million, compared with $18.9 million in Q2 2012. "Our
industry-leading results this quarter once again demonstrate the strength of
our well diversified portfolio and effective asset management," commented
Thomas J. Baltimore, Jr., President and CEO of RLJ. "We remain committed to
maximizing shareholder value through selective acquisitions in high-barrier
markets, value-add renovations, and conservative balance sheet management."
Based on the Company's recent acquisitions and second quarter performance, the
Company increased its 2013 outlook. For full-year 2013, the Company
anticipates Pro forma RevPAR growth of 6.5% to 8.0% YoY, up from its prior
guidance of 6.0% to 8.0% YoY. The Full Research Report on RLJ Lodging Trust -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.InvestorsReports.com/report/2013-08-02/RLJ]

DiamondRock Hospitality Co. Research Report

On August 9, 2013, DiamondRock Hospitality Co. (DiamondRock) released its
financial results for Q2 2013. RevPAR increased 0.2% YoY to $146.8, and
excluding the Company's New York City hotels under renovation, RevPAR
increased 6.7% YoY. Net income for Q2 2013 was $15.1 million or $0.08 per
diluted share, compared to $17.1 million, or $0.10 per diluted share in Q2
2012. Mark W. Brugger, President and CEO of DiamondRock, stated, "We are
pleased with our second quarter operating results with RevPAR growing 6.7% and
profit margins expanding 130 basis points, excluding hotels under renovation.
We continue to see favorable lodging trends, particularly in the group
segment, which led to stronger than expected performance at the Westin Boston
and the Chicago Marriott Downtown." The Company provided its annual guidance
for 2013 and expects its full-year 2013 Pro Forma RevPAR Growth in the range
of 1% to 3% YoY. The Full Research Report on DiamondRock Hospitality Co. -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.InvestorsReports.com/report/2013-08-02/DRH]

Ashford Hospitality Trust Inc. Research Report

On July 31, 2013, Ashford Hospitality Trust Inc. (AHT) released its Q2 2013
financial results. The Company's RevPAR for all hotels (including Ashford
Prime and the Highland Hospitality portfolio) increased 4.2% YoY during the
quarter. For all hotels in the Highland Hospitality portfolio, RevPAR
increased 4.5% YoY, primarily driven by a 4.7% YoY increase in ADR. Also, for
all Legacy hotels, including the eight Ashford Prime hotels, RevPAR increased
4.1% YoY, driven by a 3.8% YoY increase in ADR and a 24 bps increase in
occupancy. Net loss attributable to common shareholders was $1.4 million, or
$0.02 per diluted share, compared with net loss of $13.3 million, or $0.20 per
diluted share in Q2 2012. The Full Research Report on Ashford Hospitality
Trust Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.InvestorsReports.com/report/2013-08-02/AHT]

EDITOR NOTES:

1.This is not company news. We are an independent source and our views do
    not reflect the companies mentioned.
2.Information in this release is fact checked and produced on a best efforts
    basis and reviewed by a CFA. However, we are only human and are prone to
    make mistakes. If you notice any errors or omissions, please notify us
    below.
3.This information is submitted as a net-positive to companies mentioned, to
    increase awareness for mentioned companies to our subscriber base and the
    investing public.
4.If you wish to have your company covered in more detail by our team, or
    wish to learn more about our services, please contact us at
    pubco@EquityNewsNetwork.com.
5.For any urgent concerns or inquiries, please contact us at
    compliance@EquityNewsNetwork.com.
6.Are you a public company? Would you like to see similar coverage on your
    company? Send us a full investors' package to
    research@EquityNewsNetwork.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This
document, article or report is prepared and authored by Equity News Network.
An outsourced research services provider has, through Chartered Financial
Analysts, only reviewed the information provided by Equity News Network in
this article or report according to the Procedures outlined by Equity News
Network. Equity News Network is not entitled to veto or interfere in the
application of such procedures by the outsourced provider to the articles,
documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the
accuracy or completeness or fitness for a purpose (investment or otherwise),
of the information provided in this document. This information is not to be
construed as personal financial advice. Readers are encouraged to consult
their personal financial advisor before making any decisions to buy, sell or
hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned
at the time of printing of this document or any error, mistake or shortcoming.
No liability is accepted by Equity News Network whatsoever for any direct,
indirect or consequential loss arising from the use of this document. Equity
News Network expressly disclaims any fiduciary responsibility or liability for
any consequences, financial or otherwise arising from any reliance placed on
the information in this document. Equity News Network does not (1) guarantee
the accuracy, timeliness, completeness or correct sequencing of the
information, or (2) warrant any results from use of the information. The
included information is subject to change without notice.

www.InvestorsReports.com

SOURCE Investors' Reports

Contact: Kristi Saunder CONTACT PHONE: +1-315-982-6420 (North America)
 
Press spacebar to pause and continue. Press esc to stop.