Strategic Hotels & Resorts (BEE) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Strategic Hotels & Resorts (NYSE:BEE) posted its quarterly earnings results on Tuesday. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.02, American Banking & Market News reports. The company had revenue of $242.20 million for the quarter, compared to the consensus estimate of $236.57 million.
Strategic Hotels & Resorts (NYSE:BEE) traded down 1.44% during mid-day trading on Tuesday, hitting $9.57. 878,532 shares of the company’s stock traded hands. Strategic Hotels & Resorts has a 1-year low of $7.16 and a 1-year high of $9.75. The stock’s 50-day moving average is $9.40 and its 200-day moving average is $8.91. The company’s market cap is $1.967 billion.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Strategic Hotels & Resorts from $8.50 to $10.00 in a research note on Monday, February 3rd. They now have a “hold” rating on the stock. On a related note, analysts at Bank of America upgraded shares of Strategic Hotels & Resorts to a “buy” rating in a research note on Monday, January 13th. Finally, analysts at Bank of America upgraded shares of Strategic Hotels & Resorts from an “underperform” rating to a “buy” rating in a research note on Monday, January 13th. They now have a $11.50 price target on the stock, up previously from $8.00. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $9.90.
Strategic Hotels & Resorts, Inc (NYSE:BEE) operates as a self-administered and self-managed real estate investment trust (REIT).
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