NEW YORK, May 16, 2017 /PRNewswire/ --
For today, Stock-callers.com has its attention on the following equities: Digital Realty Trust Inc. (NYSE: DLR), Government Properties Income Trust (NASDAQ: GOV), Mack-Cali Realty Corp. (NYSE: CLI), and Equity Commonwealth (NYSE: EQC). Office REITs are equity REITs that own and manage commercial office properties, and rent space in those properties to tenants. Register now and get full and free access to our downloadable research reports on these stocks at:
Digital Realty Trust
On Monday, shares in San Francisco, California headquartered Digital Realty Trust Inc. recorded a trading volume of 774,070 shares. The stock ended at $115.96, rising 0.76% from the last trading session. The Company's shares have gained 5.79% in the last one month, 9.11% over the previous three months, and 19.08% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.87% and 16.31%, respectively. Furthermore, shares of Digital Realty Trust, which engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate, have a Relative Strength Index (RSI) of 68.07.
On May 09th, 2017, Digital Realty Trust announced that its Board of Directors has appointed Laurence A. Chapman as Chairman of the Board in keeping with the Company's commitment to sound corporate governance practices and longer-term succession planning. Former Chairman Dennis E. Singleton will continue to serve on the Board in his recently appointed role as Chair of the Compensation Committee. Access our complete research report on DLR for free at:
Government Properties Income Trust
Newton, Massachusetts-based Government Properties Income Trust's stock finished yesterday's session 0.80% higher at $21.46 with a total trading volume of 433,897 shares. The Company's shares have gained 7.46% over the previous three months and 12.56% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.48% and 3.23%, respectively. Furthermore, shares of Government Properties Income Trust, which invests in the real estate markets of US, have an RSI of 56.38.
On April 27th, 2017, Government Properties Income Trust announced its financial results for the quarter ended March 31st, 2017. Net income was $7.4 million, or $0.10 per diluted share, for the quarter; and normalized funds from operations were $39.9 million, or $0.56 per diluted share. In addition, 95.1% of the Company's rentable square feet, at properties classified as continuing operations, was leased as of March 31st, 2017. The complimentary research report on GOV can be downloaded at:
At the close of trading on Monday, shares in Cranford, New Jersey-based Mack-Cali Realty Corp. climbed 0.38%, ending the day at $26.75. The stock recorded a trading volume of 440,644 shares. The Company's shares are trading 1.76% below their 200-day moving average. Moreover, shares of Mack-Cali Realty, which engages in the leasing, management, acquisition, development, and construction of commercial real estate properties in the US, have an RSI of 41.67.
On May 08th, 2017, Mack-Cali Realty announced its year-to-date 2017 capital markets activities. The Company is marketing, for sale, approximately $600 million of non-core commercial office assets. This is in addition to the $47 million in office property sales completed in the first quarter. Mack-Cali also expects to dispose of a total of $800 million for the full year of 2017. The Company will be using sales proceeds to pay off its $250 million of unsecured debt due in December 2017. Register for free on Stock-Callers.com and get access to the latest PDF format report on CLI at:
Chicago, Illinois-based Equity Commonwealth's shares ended the day 0.16% lower at $30.68. A total volume of 1.15 million shares was traded, which was above their three months average volume of 580,080 shares. The stock has gained 0.03% over the previous three months and 1.46% on an YTD basis. The Company's shares are trading 0.39% above their 200-day moving average. Additionally, shares of Equity Commonwealth, which invests primarily in the commercial office properties, have an RSI of 28.97.
On May 03rd, 2017, Equity Commonwealth reported its financial results for the quarter ended March 31st, 2017. Net income was $21.8 million, or $0.17 per share; funds from operations (FFO) were $33.3 million, or $0.27 per share; and normalized FFO was $29.5 million, or $0.24 per share, for Q1 2017. Additionally, the weighted average number of diluted common shares and units outstanding for the quarter ended March 31st, 2017 was 125,150,337. Download your free research report on EQC at:
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