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14 April 2009

Hospitality Shares Fall More On Dividend Suspension - Reuters India

Hospitality Shares Fall More On Dividend Suspension - Reuters India

Shares of Hospitality Properties Trust HPT.N fell as much as 14 percent as investors continued to sell after the real estate investment trust said last Wednesday it would suspend its dividend for the rest of 2009. "It takes multiple days for people to cycle out of this, and you're talking about people unwinding very large positions in what is traditionally viewed as a yield play," analyst Mike Salinsky of RBC Capital Markets told Reuters.

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