NEW YORK, July 28, 2016 /PRNewswire/ --
2016 continues to present a wave of challenges to the Financials sector, which has been on a roller-coaster ride since the beginning of the year. Several names, however, remain impressive as the industry works to adapt to the evolving market and reshape itself. Ahead of today's session, Stock-Callers.com takes a closer look at four companies in this space: HCP Inc. (NYSE: HCP), Medical Properties Trust Inc. (NYSE: MPW), Capstead Mortgage Corp. (NYSE: CMO), and New York Mortgage Trust Inc. (NASDAQ: NYMT). Learn more about these stocks by accessing their freenotes at:
Shares in Irvine, California-based HCP Inc. ended Wednesday's session 0.39% lower at $38.67 with a total volume of 2.78 million shares traded. The stock has advanced 13.14% in the last month; 14.84% over the previous three months; and 4.43% on an YTD basis. The Company's shares are trading 10.47% above their 50-day moving average and 13.60% above their 200-day moving average. Moreover, shares of HCP Inc.'s, which invests in real estate markets of the U.S., have Relative Strength Index (RSI) of 72.63.
On July 11th, 2016, HCP Inc. announced that its Executive Chairman, Michael D. McKee, has assumed the additional role of interim President and CEO, replacing Lauralee Martin, who has left the Company and its Board. The Board of Directors will initiate the process of appointing a permanent CEO, which is expected to take between three and six months.
On July 26th, 2016, research firm Raymond James initiated an 'Underperform' rating for the Company's stock. HCP complete notes are just a click away at:
Medical Properties Trust
Birmingham, Alabama-based Medical Properties Trust Inc.'s shares saw a slight drop of 0.77%, closing the day at $15.52 with a total volume of 1.60 million shares traded. The stock has advanced 3.12% in the last month, 16.14% in the previous three months, and 39.38% since the start of this year. The Company's shares are trading 4.53% and 26.01% above their 50-day and 200-day moving averages, respectively. Additionally, shares of Medical Properties Trust, which acquires, develops, and invests in healthcare facilities; and leases healthcare facilities to healthcare operating companies and healthcare providers, have an RSI of 58.08.
On July 14th, 2016, Medical Properties Trust announced that the previously announced public offering of $500 million aggregate principal amount of senior notes due 2026 by its operating partnership, MPT Operating Partnership, L.P., and MPT Finance Corporation, a wholly-owned subsidiary of MPT Operating Partnership was priced with a coupon of 5.250%. The Issuers intend to use approximately $474.3 million of the net proceeds from the offering of the Notes to fund the redemption of all of the $450 million aggregate principal amount of their existing 6.875% Senior Notes due 2021.
On July 22nd, 2016, research firm Deutsche Bank initiated a 'Buy' rating, issuing a target price of $17 on the Company's stock. The complimentary notes on MPW can be accessed at:
On Wednesday, shares in Dallas, Texas headquartered Capstead Mortgage Corp. gained 0.20%, closing the session at $10.05. The stock recorded a trading volume of 498,963 shares. The Company's shares have advanced 8.41% in the last one month, 5.42% over the previous three months, and 21.03% on an YTD basis. The stock is trading 4.36% above its 50-day moving average and 9.79% above its 200-day moving average. Furthermore, shares of Capstead Mortgage, which invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government, have an RSI of 66.67.
On July 27th, 2016, Capstead Mortgage announced financial results for the quarter ended June 30th, 2016. Capstead reported net income of $21.6 million, or $0.19 per diluted common share, for the quarter as compared to net income of $27.4 million, or $0.25 per diluted common share, for the quarter ended March 31st, 2016. Sign up for your complimentary notes on CMO at:
New York Mortgage Trust
New York headquartered New York Mortgage Trust Inc.'s shares finished the session 0.93% higher at $6.52 with a total volume of 544,540 shares traded. The stock has advanced 12.22% in the last month, 25.38% over the previous three months, and 22.33% on YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 6.73% and 21.08%, respectively. Additionally, shares of New York Mortgage Trust, which engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the U.S., have an RSI of 68.90.
On July 20th, 2016, New York Mortgage Trust announced that it will report financial results for the three and six months ended June 30th, 2016 after the close of market on August 2nd, 2016. The company will host a conference call and audio webcast at 9:00 a.m., Eastern Time, on August 3rd, 2016. Get free access to your notes on NYMT at:
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