NEW YORK, December 2, 2016 /PRNewswire/ --
Operating conditions in the Property Management space are expected to remain positive over the next five years but should later slow down due to a rise in homeownership rate. In the U.S., the industry is most concentrated in the West, Southeast, and Mid-Atlantic regions. Ahead of today's trading session, Stock-Callers.com presents these four equities for assessment: Realogy Holdings Corp. (NYSE: RLGY), Forest City Realty Trust Inc. (NYSE: FCE-A), Zillow Group Inc. (NASDAQ: ZG), and Acadia Realty Trust (NYSE: AKR). Learn more about these stocks by downloading their comprehensive and free reports at:
At the close on Thursday, shares in Madison, New Jersey headquartered Realogy Holdings Corp. saw a slight drop of 0.87%, ending the day at $23.94. The stock recorded a trading volume of 1.78 million shares, which was above its three months average volume of 1.68 million shares. The Company's shares have advanced 7.01% in the last one month. The stock is trading below its 50-day moving average by 1.75%. Moreover, shares of Realogy Holdings, which provides real estate and relocation services worldwide, have a Relative Strength Index (RSI) of 47.69.
On November 15th, 2016, Sotheby's International Realty Affiliates LLC, a subsidiary of Realogy Holdings, announced the launch of the Sotheby's International Realty® Apple TV app, available now on all 4th generation Apple TV devices. The app showcases nearly 50,000 properties currently represented by the Sotheby's International Realty brand worldwide, giving consumers the opportunity to explore homes on a screen larger than ever before. RLGY complete research report is just a click away and free at:
Forest City Realty Trust
Shares in Cleveland, Ohio headquartered Forest City Realty Trust Inc. ended the day 0.70% lower at 18.36, with a total trading volume of 1.22 million shares. The stock is trading below its 50-day moving average by 11.63%. Shares of the Company, which was formerly known as Forest City Enterprises, Inc., have an RSI of 32.74.
On November 04th, 2016, research firm Citigroup downgraded the Company's stock rating from 'Buy' to 'Neutral'.
On November 30th, 2016, Forest City Realty Trust announced that its board of directors has declared a Q4 2016 cash dividend of $.06 per share of common stock, payable on December 23rd, 2016, to shareholders of record as of the close of business on December 12th, 2016. The complimentary report on FCE-A can be downloaded at:
On Thursday, shares in Seattle, Washington headquartered Zillow Group Inc. finished 5.23% lower at $33.31. A total volume of 1.47 million shares was traded, which was above their three months average volume of 573,290 shares. The stock has advanced 1.62% in the last one month and 27.92% on an YTD basis. The Company's shares are trading above their 200-day moving average by 6.70%. Additionally, shares of Zillow, which operates real estate and home-related information marketplaces on mobile and the Web in the US, have an RSI of 39.99.
On November 03rd, 2016, research firm Mizuho reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $35 a share to $38 a share.
On December 01st, 2016, Dotloop, the leading platform for simplifying the real estate transaction process, which is owned and operated by Zillow, signed an agreement with the largest local real estate association in the state of Texas, the Houston Association of REALTORS® (HAR). Under the arrangement, the 34,000 members of HAR will have full access to the industry's leading online transaction and productivity optimization platform. HAR agents will be able to utilize the dotloop® services at every stage of the transaction and to streamline the process with unlimited workflows, whether via desktop or native iOS® and Android™ mobile apps. Sign up for your complimentary research report on ZG at:
Acadia Realty Trust
White Plains, New York headquartered Acadia Realty Trust's shares recorded a trading volume of 395,213 shares at the end of yesterday's session. The stock closed the day 1.15% lower at $32.68. The Company's shares have advanced 0.31% in the last one month and 0.73% since the start of this year. The stock is trading below its 50-day moving average by 4.42%. Additionally, shares of Acadia Realty Trust, which engages primarily in the ownership, acquisition, redevelopment, and management of retail properties in the US, have an RSI of 41.45.
On November 10th, 2016, Acadia Realty's Board of Trustees declared a cash dividend of $0.26 per common share for the quarter ending December 31st, 2016, payable on January 13th, 2017, to holders of record as of December 30th, 2016. In addition, Acadia Realty announced that its Board of Trustees has declared a special cash dividend of $0.15 per common share also payable on January 13th, 2017, to holders of record as of December 30th, 2016. Get free access to your research report on AKR at:
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