NEW YORK, October 7, 2016 /PRNewswire/ --
This morning, Stock-Callers.com takes notice of the Real Estate Investment Trust (REIT) sector which remains an attractive place for investors seeking high dividend yields, steady growing payouts, portfolio diversification, and an attractive income stream. Four Diversified REITs have been lined up for close review: American Tower Corp. (NYSE: AMT), Global Net Lease Inc. (NYSE: GNL), Vornado Realty Trust (NYSE: VNO), and Invesco Mortgage Capital Inc. (NYSE: IVR). Register now and get full and free access to our downloadable research reports on these stocks at:
Boston, Massachusetts headquartered American Tower Corp.'s stock finished Thursday's session at $108.51, up 1.00%. A total volume of 2.90 million shares was traded, which was above their three months average volume of 1.90 million shares. The Company's shares have gained 13.58% since the start of this year. The stock is trading above its 200-day moving average by 4.59%. Moreover, shares of American Tower, which engages in leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries, have a Relative Strength Index (RSI) of 39.80.
On September 13th, 2016, research firm SunTrust initiated a 'Buy' rating on the Company's stock, issuing a target price of $128 per share.
As per notes filed with the SEC, on September 30th, 2016, American Tower completed a registered public offering of $600.0 million aggregate principal amount of its 2.250% senior unsecured notes due 2022 and $400.0 million aggregate principal amount of its 3.125% senior unsecured notes due 2027, which resulted in aggregate net proceeds to the Company of approximately $990.6 million. The Company intends to use all of the net proceeds to repay existing indebtedness under its term loan entered into in October 2013. The 2022 notes will mature on January 15th, 2022 and bear interest at a rate of 2.250% per annum. The 2027 notes will mature on January 15th, 2027 and bear interest at a rate of 3.125% per annum. Access our complete research report on AMT for free at:
Global Net Lease
Shares in New York-based Global Net Lease Inc. ended yesterday's session 0.13% higher at $7.71, with a total trading volume of 397,756 shares. The stock has gained 4.24% on an YTD basis. The Company's shares are trading 1.71% below their 200-day moving average. Moreover, shares of Global Net Lease, which invests in the real estate markets across the globe, have an RSI of 36.61.
On September 28th, 2016, Global Net Lease announced that on October 14th, 2016, November 15th, 2016, and December 15th, 2016, the company will pay a dividend of $0.059166667 per share to stockholders of record at the close of business on October 7th, 2016, November 8th, 2016, and December 8th, 2016, respectively. The complimentary research report on GNL can be downloaded at:
Vornado Realty Trust
On Thursday, New York City-based Vornado Realty Trust's stock rose 0.38%, to close the day at $96.50. A total volume of 1.00 million shares was traded, which was above their three months average volume of 811,860 shares. The Company's shares are trading 1.04% above their 200-day moving average. Additionally, shares of Vornado Realty Trust, which in the real estate markets of the US, have an RSI of 32.34.
On September 07th, 2016, Vornado Realty Trust announced that it has completed a $675 million refinancing of the MART in Chicago. The five-year interest-only loan matures in September 2021 and has a fixed rate of 2.70%. The company realized net proceeds of approximately $124 million after repaying the existing 5.57% $550 million loan and closing costs. Register for free on Stock-Callers.com and get access to the latest PDF format report on VNO at:
Invesco Mortgage Capital
Shares in Atlanta, Georgia headquartered Invesco Mortgage Capital Inc. ended the day 0.90% lower at $14.34. A total volume of 976,668 shares was traded, which was above their three months average volume of 734,580 shares. The stock has gained 7.91% in the previous three months and 26.15% since the start of this year. The Company's shares are trading above their 200-day moving average by 12.76%. Furthermore, shares of Invesco Mortgage Capital, which focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans have an RSI of 32.95.
As per notes filed with the SEC on September 22nd, 2016, the company announced that Richard J. King, who serves as Chief Executive Officer and President of IVR, will retire on March 1st, 2017. John Anzalone, currently the chief investment officer of the company will assume the role of CEO. Rob Kuster, currently chief operating officer of Invesco Mortgage Capital, will assume the role of president. Download your free research report on IVR at:
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SOURCE Chelmsford Park SA