Reading International, Inc. (NASDAQ:RDI) announced that the company’s board of directors has authorized management, at its discretion, to spend from time to time up to an aggregate of $10,000,000 to acquire shares of Reading’s Common Stock. This approved stock repurchase plan will supercede and effectively cancel the existing program that was approved by the board on May 14, 2004 which allowed management to purchase up to 350,000 shares of Reading’s Common Stock. Reading International, Inc. (NASDAQ:RDI) net profit margin is 3.50% and weekly performance is 16.60%. On last trading day company shares ended up $8.15. Reading International, Inc. (NASDAQ:RDI) distance from 50-day simple moving average (SMA50) is 11.20%.
Dominion Resources Black Warrior Trust (NYSE:DOM) had its target price boosted by Jefferies Group from $72.00 to $73.50 in a report issued on Thursday, Analyst Ratings Network.com reports. They currently have a hold rating on the stock. Dominion Resources Black Warrior Trust (NYSE:DOM) shares advanced 1.60% in last trading session and ended the day on $8.28. Its return on assets is 69.80%. Dominion Resources Black Warrior Trust (NYSE:DOM) quarterly performance is 16.62%.
Sotherly Hotels Inc. (NASDAQ:SOHO) a self-managed and self-administered lodging real estate investment trust (a “REIT”), reported its consolidated results for the first quarter ended March 31, 2014. The Company generated adjusted FFO of approximately $3.0 million during the first quarter 2014, an increase of 37.9% or approximately $0.8 million over the first quarter 2013. Sotherly Hotels Inc (NASDAQ:SOHO) shares moved up 1.13% in last trading session and was closed at $7.19 , while trading in range of $7.11 – $7.25. Sotherly Hotels Inc (NASDAQ:SOHO) year to date (YTD) performance is 21.86%.
Stock analysts at Roth Capital raised their target price on shares of Sequential Brands Group Inc (NASDAQ:SQBG) from $9.00 to $10.00 in a report issued on Friday, AmericanBankingNews.com reports. Roth Capital’s price objective indicates a potential upside of 14.42% from the company’s current price. Sequential Brands Group Inc (NASDAQ:SQBG) ended the last trading day at $9.32. Company weekly volatility is calculated as 2.36% and price to cash ratio as 9.17. Sequential Brands Group Inc (NASDAQ:SQBG) showed a positive weekly performance of 4.95%.
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