U.S. stocks closed somewhat higher Tuesday as financial specialists kept on monitoring talks in the middle of Greece and its banks with the expectation that an arrangement will be arrived at to keep the nation from dropping out of the euro zone.
The Standard & Poor’s 500 record included 3.35 points, or 0.2 percent, to 2,100.34
The Dow Jones mechanical normal rose 28.23 points, or 0.2 percent, to 18,047.58.
Financial stocks stayed level so far on Tuesday on Wall Street.
Insights about some real gainers from financial segment, amid Wednesday’s exchange are depicted underneath:
Campus Crest Communities, Inc. (CCG)’s shares skyrocketed 11.70% and led the share to close at $7.83, soon after a real estate investment trust (REIT), issued the following statement in response to a press release from Clinton Group, Inc. (“Clinton”) and Campus Evolution Villages, LLC (“Campus Evolution Villages” or “CEV”):
“The Campus Crest Board of Directors and administration team are committed to acting in the best interests of all Campus Crest shareholders. We maintain open, constructive communication with our shareholders and value their input towards enhancing value.
To ensure that we are maximizing shareholder value, and as formerly declared, Campus Crest is conducting a comprehensive and thorough analysis of all potential financial and planned alternatives. In fact, members of the Campus Crest Board and administration team have held discussions with representatives of both Clinton and CEV and encourage them to take part in this ongoing process.
We remain committed to driving value for shareholders and will continue to execute upon our planned repositioning while proactively reviewing the highly qualified inquiries we are receiving. We look forward to ongoing our dialogue with our shareholders as we execute on our plans in the exciting year ahead.”
Campus Crest Communities, Inc. (CCG), is a leading owner and manager of high-quality student housing properties located close to college campuses in targeted markets. It has ownership interests in 86 student housing properties with over 46,000 beds across North America.
Shares of Ocwen Financial Corp. (NYSE:OCN), jumped nearly 3.41% and closed at $9.41, as a leading financial services holding company, held the second meeting of the company’s Community Advisory Council on Friday, February 6, 2015.
The 17-member Council — a diverse group of national, regional and local non-profit housing counseling, community development and civil rights organizations from across the country — met to talk about critical issues in the ongoing housing crisis and continued progress in maintaining collaborative lines of communication between mortgage servicers, borrowers and local communities. The meeting was attended by Ocwen CEO Ronald Faris and new board member Phyllis Caldwell, former Chief, Homeownership Preservation Office at the U.S. Department of the Treasury.
As part of this meeting, the Council welcomed two new members, the National Association for the Advancement of Colored People (NAACP) and the Neighborhood Housing Services of Greater Cleveland (NHS Cleveland). Attending on behalf of NAACP were Dedrick Asante-Muhammad, Senior Director of the NAACP’s Economic Department and Executive Director of its Financial Freedom Center and Charles R. Lowery, Jr., Director, Fair Lending and Inclusion. NHS Cleveland was represented by Executive Director Lou Tisler, who was formerly the Executive Director of the First Suburbs Development Council.
Ocwen Financial Corp. (NYSE:OCN), is a financial services holding company which, through its auxiliaries, is engaged in the servicing and origination of mortgage loans. Ocwen is headquartered in Atlanta, Georgia, and has additional offices and operations in California, Florida, Iowa, New Jersey, Pennsylvania, Texas, the United States Virgin Islands, Washington, DC, India and the Philippines.
Summit Hotel Properties, Inc. (NYSE:INN), surged 3.22% to close at $13.47. The stock volatility for the week is 2.23%, while for the month remained 2.25%. The mean recommendation of analysts for this stock is 1.90. (where 1=Buy, 5=Sale).
Summit Hotel Properties, Inc. (NYSE:INN), a hotel investment company, engages in acquiring, owning, renovating, repositioning, and asset-managing and selling premium-branded limited-service and select-service hotels in the upscale and midscale without food and beverage segments of the United States lodging industry.
Shares of the FelCor Lodging Trust Incorporated (NYSE:FCH), gained 2.84% & closed at $10.85, soon after a publicly owned real estate investment trust, declared that it sold its 225-room Embassy Suites Hotel – Raleigh and 536-room Westin – Dallas Park Central for aggregate gross proceeds of $63.6 million in separate transactions. FelCor is using asset sale proceeds to repay outstanding debt. FelCor has also agreed to sell the 261-room Embassy Suites Hotel – San Antonio Airport for $29.5 million. The purchaser has paid a $500,000 non-refundable deposit toward the purchase price. FelCor anticipates to close the sale in March. FelCor is nearing the completion of its portfolio repositioning plan, having sold 34 non-planned hotels for aggregate gross proceeds of $764 million to date. Following the sale of the two hotels declared recently, there are six remaining non-planned hotels to be sold.
FelCor Lodging Trust Incorporated (NYSE:FCH), a real estate investment trust, owns a diversified portfolio of primarily upper-upscale and luxury hotels that are located in major and resort markets throughout the U.S. FelCor partners with leading hotel companies to operate its hotels, which are flagged under globally renowned names and premier independent hotels.
