Financial Sector Morning Assessment: Host Hotels & Resorts, Equity
Residential, UDR Inc., and LaSalle Hotel Properties
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LONDON, December 31, 2013
LONDON, December 31, 2013 /PRNewswire/ --
On Monday, December 30, 2013, the U.S. equity market fluctuated between gains
and losses. The S&P 500 ended the day at 1,841.07, down 0.02%; the Dow Jones
Industrial Average closed at 16,504.29, up 0.16%; and the NASDAQ Composite
Index finished at 4,154.20, down 0.06%. The S&P 500 Financials Sector Index
closed the session at 293.54, down 0.13%; and the S&P 500 Real Estate
Investment Trusts REITS Industry Index closed at 150.18, up 0.30%. The S&P 500
Real Estate Investment Trusts REITS Industry Index fell 0.68% in the previous
three months, underperforming the S&P 500, which has gained 9.49% during the
same period. The major movers in the Financial Sector included Host Hotels &
Resorts Inc.(NYSE: HST), Equity Residential(NYSE: EQR), UDR Inc.(NYSE:
UDR), and LaSalle Hotel Properties (NYSE: LHO). AAAResearchReports.com free
coverage on HST, EQR, UDR, and LHO is available upon registration at:
Host Hotels & Resorts Inc.'s stock edged lower 0.16% on Monday, even as the US
equity market finished on a mixed note. The company's shares finished the day
at $19.32, after oscillating between $19.21 and $19.41 during the trading
session. A total of 3.24 million shares were traded, which is below the daily
average volume of 5.70 million. Despite Monday's decline, the company's shares
have gained 4.94% in the previous one month, compared to a gain of 1.95% in
the S&P 500 during the same period. Furthermore, Host Hotels & Resorts Inc.'s
stock is trading near its 52-week high of $19.57 and also above its 50-day and
200-day moving averages of $18.61 and $17.90, respectively. Download free
technical research on HST by signing up at:
On Monday, Equity Residential's stock closed the day at $52.06, up 0.42% from
the previous day's closing price of $51.84. The company's shares fluctuated
between $51.76 and $52.24 during the trading session. A total of 1.27 million
shares were traded, which is below the daily average volume of 1.92 million.
The company's shares have advanced 1.07% in the previous three trading
sessions, outperforming the S&P 500, which has gained 0.42% during the same
period. However, Equity Residential's stock is trading below its 50-day and
200-day moving averages of $52.54 and $55.11, respectively. Register now and
get access to free analysis on EQR at:
UDR Inc.'s stock edged 0.21% higher on Monday, finishing the day at $23.40,
after vacillating between $23.32 and $23.51 during the trading session. A
total of 1.11 million shares were traded, which is below the daily average
volume of 1.46 million. The company's shares have gained 0.39% in the previous
three trading sessions, underperforming the S&P 500, which has gained 0.42%
during the same period. Moreover, UDR Inc.'s stock is trading below its 50-day
and 200-day moving averages of $24.02 and $24.36, respectively. Sign up and
read our complimentary report on UDR at:
Shares in LaSalle Hotel Properties oscillated between $30.99 and $31.29 before
closing the day 0.19% higher at$31.21. A total of 0.21 million shares were
traded on Monday, which is below the daily average volume of 0.85 million. The
company's shares have gained 9.43% in the previous three months,
underperforming the S&P 500, which has gained 9.49% during the same period.
However, shares in LaSalle Hotel Properties are trading above their 50-day and
200-day moving averages of $30.98 and $27.69, respectively. The free report on
LHO can be downloaded by signing up now at:
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