NEW YORK, December 22, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com takes note of the current performances of the following Residential REITs: Two Harbors Investment Corp. (NYSE: TWO), Monogram Residential Trust Inc. (NYSE: MORE), American Campus Communities Inc. (NYSE: ACC), and Capstead Mortgage Corp. (NYSE: CMO). These real estate investment trusts belong to the Financials sector which continued to edge lower in afternoon trade on Wednesday, December 21st, 2016. As per a NASDAQ report, the NYSE Financial Sector Index fell about 0.3%, while Financials companies in the S&P 500 Index dropped about 0.2%. Register now and get full and free access to our downloadable research reports on these stocks at:
Two Harbors Investment
New York headquartered Two Harbors Investment Corp.'s stock finished Wednesday's session 0.11% lower at $9.05 with a total trading volume of 1.94 million shares. The Company's shares have advanced 8.12% in the past month, 3.58% in the previous three months, and 21.44% on an YTD basis. The stock is trading 6.39% above its 50-day moving average and 10.41% above its 200-day moving average. Additionally, shares of Two Harbors Investment, which focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights, commercial real estate and other financial assets, have a Relative Strength Index (RSI) of 62.98.
On December 15th, 2016, the company declared a quarterly dividend of $0.24 per share of common stock for Q4 2016. This dividend is payable on January 27th, 2017, to common stockholders of record at the close of business on December 30th, 2016. Access our complete research report on TWO for free at:
Monogram Residential Trust
On Wednesday, shares in Plano, Texas-based Monogram Residential Trust Inc. recorded a trading volume of 671,691 shares. The stock ended the session 2.13% lower at $10.55. The Company's shares have advanced 1.54% in the last one month, 4.36% over the previous three months, and 10.56% since the start of this year. The stock is trading 0.16% above its 50-day moving average and 3.52% above its 200-day moving average. Moreover, shares of Monogram Residential Trust, which invests in the real estate markets of US, have an RSI of 47.17.
On November 30th, 2016, Monogram Residential Trust announced that its board of directors authorized a cash dividend of $0.075 per share on common stock for Q4 2016. The dividend will be payable on January 10th, 2017, to shareholders of record at the close of business on December 30th, 2016. The complimentary research report on MORE can be downloaded at:
American Campus Communities
Shares in Austin, Texas-based American Campus Communities Inc. closed the day 2.08% lower at $48.08. The stock recorded a trading volume of 1.04 million shares, which was higher than its three months average volume of 996,230 shares. The Company's shares have gained 5.46% in the last month and 20.41% on an YTD basis. The stock is trading 0.15% and 0.25% above its 50-day and 200-day moving averages, respectively. Additionally, shares of American Campus Communities, which primarily engages in developing, owning, and managing high-quality student housing communities, have an RSI of 52.13.
On November 17th, 2016, American Campus Communities announced the commencement of construction on University of California, Berkeley's newest residence hall, set to open in fall 2018. The 781-bed community will be located on the south side of the University's main campus. The development, expected to house first-year students, will feature eight stories of modern student accommodations, amenity space, and approximately 7,000 square feet of urban retail space on the ground floor. Register for free on Stock-Callers.com and get access to the latest PDF format report on ACC at:
At the close, shares in Dallas, Texas headquartered Capstead Mortgage Corp. finished flat at $10.42. The stock recorded a trading volume of 555,235 shares. The Company's shares have advanced 1.86% in the last one month, 7.70% over the previous three months, and 28.54% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.06% and 9.14%, respectively. 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 57.90.
On December 15th, 2016, Capstead Mortgage announced that it will pay Q4 2016 common dividend of $0.23 per common share on January 20th, 2017 to stockholders of record as of December 30th, 2016. Capstead's Board of Directors also declared a Q4 2016 dividend of $0.46875 per share on the Company's 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: CMOPRE). This dividend is payable on January 17th, 2017, to Series E preferred stockholders of record as of December 30th, 2016. Download your free research report on CMO at:
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