NEW YORK, December 22, 2016 /PRNewswire/ --
Property Management companies operate, control, and oversee real estate, as well as manage personal property, equipment, tooling, and physical capital assets that are acquired and used to build, repair, and maintain end item deliverables. Pre-market, Stock-Callers.com turns focus on the most recent performances of these four stocks: CBRE Group Inc. (NYSE: CBG), Washington Prime Group Inc. (NYSE: WPG), and Paramount Group Inc. (NYSE: PGRE). You can access of our complimentary research reports on these stocks now at:
Shares in Los Angeles, California headquartered CBRE Group Inc. saw a slight drop of 0.34%, ending Wednesday's trading session at $31.96. The stock recorded a trading volume of 1.57 million shares. The Company's shares have advanced 11.63% in the last one month and 9.04% in the previous three months. The stock is trading 11.20% and 11.18% above its 50-day and 200-day moving averages, respectively. Moreover, shares of CBRE Group, which operates as a commercial real estate services and investment company worldwide, have a Relative Strength Index (RSI) of 63.63.
On December 12th, 2016, CBRE Group announced that it has acquired Skye Group, a leading provider of retail project management, shopping center development and tenant coordination services in the US and Canada. This acquisition enhances CBRE's position in the retail market by bolstering its retail project management service offerings. Visit us today and download your complete report on CBG for free at:
Washington Prime Group Inc.'s stock declined 1.81%, closing the day at $10.30 with a total trading volume of 1.05 million shares. The Company's shares have advanced 4.18% in the last month and 6.65% since the start of this year. The stock is trading 0.43% below its 50-day moving average. Additionally, shares of Washington Prime, which operates independently of Simon Property Group Inc. as of May 28, 2014, have an RSI of 49.16.
On November 02nd, 2016, Washington Prime reported net income attributed to common shareholders for Q3 2016 was $1.4 million, or $0.01 per diluted share, compared to $4.1 million, or $0.02 per diluted share, in Q3 2015. The Company's Funds from Operations (FFO) for Q3 2016 were $100.8 million, or $0.46 per diluted share, compared to $98.5 million, or $0.45 per diluted share, during Q3 2015. The Company's AFFO for Q3 2016 was $100.5 million, or $0.46 per diluted share, compared to $101.0 million, or $0.46 per diluted share, for Q3 2015. Comparable net operating income for Washington Prime's core portfolio increased 0.6% during Q 32016 compared to the same period a year ago, in-line with internal expectations. The complimentary research report on WPG can be accessed at:
On Wednesday, shares in New York-based Paramount Group Inc. recorded a trading volume of 661,181 shares. The stock ended the day 1.74% lower at $15.82. The Company's shares have gained 1.28% in the past month, are trading above their 50-day moving average by 0.36%. Furthermore, 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 45.27.
On December 13th, 2016, research firm Wells Fargo upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.
On December 15th, 2016, Paramount Group announced that its board of directors has declared a regular quarterly cash dividend of $0.095 per share of common stock for the period from October 01st, 2016 to December 31st, 2016. The dividend will be payable on January 13th, 2017 to stockholders of record as of the close of business on December 30th, 2016. Get free access to your research report on PGRE at:
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