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Organon Set to Join S&P 500; HollyFrontier to Join S&P MidCap 400; Service Properties Trust to Join S&P SmallCap 600 News provided by Share this article Share this article NEW YORK, May 27, 2021 /PRNewswire/ Organon & Co. (NYSE: OGN) will be added to the S&P 500 prior to the open of trading on Thursday, June 3, replacing HollyFrontier, which will be removed from the S&P 500 effective prior to the open of trading on Friday, June 4. HollyFrontier will replace Service Properties Trust (NASD:SVC) in the S&P MidCap 400, and Service Properties Trust will replace Lannett Co Inc. (NYSE:LCI) in the S&P SmallCap 600 also effective prior to the open on June 4. S&P 500 and 100 constituent Merck & Co (NYSE: MRK) is spinning off Organon (NYSE: OGN) in a transaction expected to be completed post close on Wednesday, June 2. Post spin-off, Merck will remain in the S&P 500 and 100 indices. HollyFrontier has a market capitalization more representative of the mid-cap market ....
Operator Good morning and welcome to the Service Properties Trust First Quarter 2021 Financial Results Conference Call. [Operator Instructions] I would now like to turn the conference over to Kristin Brown, Director, Investor Relations. Please go ahead. Kristin Brown Director, Investor Relations Good morning. Joining me on today s call are John Murray, President; Brian Donley, Chief Financial Officer; and Todd Hargreaves, Chief Investment Officer. Today s call includes a presentation by management followed by a question-and-answer session with analysts. Please note that the recording, retransmission and transcription of today s conference call is prohibited without the prior written consent of SVC. I would like to point out that today s conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based on SVC s present beliefs ....
More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more Marriott reported Monday one of the strongest financial performances by a major hotel company last quarter, and it largely comes down to the company’s nearly full recovery in China. While mainland China dealt with a winter surge of new cases and lockdowns early in the first quarter, the region quickly rebounded once those restrictions were lifted. Marriott reported occupancy for its Mainland China portfolio averaged 66 percent in March, roughly back to pre-pandemic levels. The rebound in China coupled with accelerating vaccine distribution in the U.S. drove the company to an $11 million first quarter loss a financial win given Marriott’s competitors like Hilton and Hyatt still posted more than $100 million losses each. ....
Baird/STR Hotel Stock Index rose 3.2% in April share this article 1 min HENDERSONVILLE, Tennessee, and MILWAUKEE - The Baird/STR Hotel Stock Index rose 3.2% in April to a level of 5,297. Year to date through the first four months of 2021, the stock index was up 15.8%. Advertisements Hotel stock prices increased in April, but they were relative underperformers on a monthly basis for the third time this year, said Michael Bellisario, senior hotel research analyst and director at Baird. The broader reopening trade has lost some momentum recently as investors continue to rotate into more defensive and value-oriented sectors despite the progress that is being made on the vaccination front and the sequential monthly improvement in hotel fundamentals being realized. The Hotel REITs have outperformed the Hotel Brand stocks each month this year. ....
The RMR Group Inc. Announces Second Quarter Fiscal 2021 Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.