Market Momentum on REITs Stocks -- Research on First Industrial Realty Trust, STAG Industrial, New York Mortgage Trust, and Resource Capital Editor Note: For more information about this release, please scroll to bottom
LONDON, May 12, 2014 /PRNewswire/ --
On Friday, May 09, 2014, the NASDAQ Composite ended at 4,071.87, up 0.50%, the Dow Jones Industrial Average finished the day 0.20% higher at 16,583.34, and the S&P 500 closed at 1,878.48, up 0.15%. The gains were broad based as six out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 295.08, down 0.10%, and the index has advanced 2.88% in the last one month. Investor-Edge has initiated coverage on the following equities: First Industrial Realty Trust Inc. (NYSE: FR), STAG Industrial Inc. (NYSE: STAG), New York Mortgage Trust Inc. (NASDAQ: NYMT) and Resource Capital Corporation (NYSE: RSO). Free technical research on FR, STAG, NYMT and RSO can be downloaded upon signing up at:
On Friday, shares in First Industrial Realty Trust Inc. recorded a trading volume of 0.38 million shares, lower than its three months average volume of 0.65 million shares. The stock finished the day at $18.53, up 0.49%, and registered an intraday range of $18.26 and $18.56. Shares in First Industrial Realty Trust Inc. have advanced 0.65% in the last one month and 3.12% in the previous three months. Also, the stock has advanced 6.19% on YTD basis. Furthermore, the stock is trading above its 200-day moving average. The stock's 50-day moving average of $18.93 is above its 200-day moving average of $17.48. Additionally, Shares of the company traded at a PE ratio of 545.00 and have a Relative Strength Index (RSI) of 47.70. Sign up today to read free research on FR at:
STAG Industrial Inc.'s stock gained 0.93%, to close Friday's session at $23.85, after oscillating between $23.46 and $23.93. The stock recorded a trading volume of 0.33 million shares, close to its three months average volume of 0.39 million shares. Over the last one month and previous three months, STAG Industrial Inc.'s shares have gained 2.19% and 6.62%, respectively. Also, from the beginning of 2014, the company's stock has surged 16.97%. The stock is trading above its 50-day and 200-day moving averages. The company stock's 50-day moving average of $23.65 is above its 200-day moving average of $21.62. Further, the company's stock has an RSI of 52.67. Sign up today to read free research on STAG at:
On Friday, shares in New York Mortgage Trust Inc. finished the session 0.53% higher at $7.56. A total of 1.15 million shares were traded, which was below its three months average volume of 1.64 million shares. The stock moved between $7.52 and $7.58 during the session. Over the last one month and previous three months, New York Mortgage Trust Inc.'s shares have advanced 1.20% and 3.14%, respectively. Also, the stock has surged 8.15% since the start of this year. The company's shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $7.60 is greater than its 200-day moving average of $6.91. New York Mortgage Trust Inc.'s stock traded at a PE ratio of 6.41 and it has an RSI of 54.96. Sign up today to read free research on NYMT at:
Resource Capital Corp.'s stock fluctuated between $5.37 and $5.43 before ending Friday's session down 0.92%, at a new 52-week low of $5.37. The company's stock reported a trading volume of 2.59 million shares, above its three months average volume of 1.13 million shares. Further, Resource Capital Corp.'s shares have declined 1.83% over the last one month and 11.39% over the previous three months. Also, the stock has fallen by 9.44% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $5.90 is greater than its 50-day moving average of $5.61. Moreover, shares of the company traded at a PE ratio of 21.06 and have an RSI of 27.39. Sign up today to read free research on RSO at:
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