NEW YORK, September 20, 2016 /PRNewswire/ --
This morning, Stock-Callers.com shifts investors' attention to the U.S. Property Management industry which is expected to remain positive over the next five years due to low interest rates and an improving housing market. Stocks to assess are: CBRE Group Inc. (NYSE: CBG), Washington Prime Group Inc. (NYSE: WPG), Zillow Group Inc. (NASDAQ: Z), and Paramount Group Inc. (NYSE: PGRE). Download the free research reports on these stocks today:
Shares in Los Angeles, California headquartered CBRE Group Inc. ended Monday's session at $28.70, climbing 1.59%. The stock recorded a trading volume of 2.49 million shares. The Company's shares are trading 0.45% below their 50-day moving average. Moreover, shares of CBRE Group, which operates as a commercial real estate services and investment company worldwide, have a Relative Strength Index (RSI) of 47.73.
On September 13th, 2016, CBRE Group announced that it has been named the top global real estate advisory firm in the annual Euromoney Real Estate Awards for the fifth consecutive year. Globally, CBRE was also ranked highest overall in the Sales/Leasing, Valuation and Research categories. In addition to the global awards, CBRE Group was named as the leading real estate advisory firm in Western Europe, North America, and Africa as well as in 21 individual countries, including Australia, France, Japan, the UK and the US. See our free and comprehensive research report on CBG at:
Washington Prime Group
Washington Prime Group Inc.'s stock rose 3.04%, closing the day at $12.19 with a total trading volume of 1.44 million shares. The Company's shares have advanced 17.21% in the previous three months and 23.19% on an YTD basis. The stock is trading 19.09% above its 200-day moving average. Additionally, shares of Washington Prime Group, which operates independently of Simon Property Group Inc. as of May 28, 2014, have an RSI of 38.57.
On August 30th, 2016, Washington Prime Group announced that its Board has appointed Sheryl von Blucher as a director of the Company effective immediately. Her appointment fills a vacancy on the Board created by the retirement of Marvin L. White. Ms. von Blucher has over 30 years of experience and has led strategic and portfolio planning, operations and corporate finance and development for both domestic and international organizations. She currently serves as partner and managing director for JMJS Group, a private equity partnership. Prior to her tenure there, she led international analysis, strategy and corporate affairs for Heritage Amoco of British Petroleum. WPG free research report PDF is just a click away at:
On Monday, shares in Seattle, Washington headquartered Zillow Group Inc. recorded a trading volume of 685,720 shares. The stock ended the day 0.92% higher at $34.04. The Company's shares have advanced 0.12% in the past month and 44.97% since the start of this year. The stock is trading above its 200-day moving average by 23.85%. Furthermore, shares of Zillow Group, which operates real estate and home-related information marketplaces on mobile and the Web in the US, have an RSI of 45.39.
On September 12th, 2016, Dotloop, a leading platform for simplifying the real estate buying and selling process, owned and operated by Zillow Group, announced that La Rosa Realty has signed an agreement to bring Dotloop's services to all of its 1,500 agents across 17 offices in Florida and New York. Sign up for your complimentary report on Z at:
New York-based Paramount Group Inc.'s stock gained 1.87%, finishing yesterday's session at $16.88. A total volume of 1.08 million shares was traded, which was above their three months average volume of 883,000 shares. The Company's shares have advanced 5.30% in the previous three months. The stock is trading above its 200-day moving average by 2.40%. Additionally, shares of Paramount Group, which is a real estate firm that invests in Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco, have an RSI of 40.30.
On September 12th, 2016, Paramount Group announced that it has entered into an agreement to acquire One Front Street, a Class A office building located in San Francisco's highly desired Market Street corridor. The purchase price for the asset is $521 million, or approximately $800 per square foot. The transaction, which is subject to customary closing conditions, is expected to close by the end of Q4 2016. In connection with the transaction, the company is considering various strategic options, including bringing in a joint venture partner at the property or selling an asset within its portfolio in a tax-efficient manner. Register for free on Stock-Callers.com and download the latest research report on PGRE at:
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