NEW YORK, August 25, 2016 /PRNewswire/ --
Low interest rates continue to drive some Retail REITs to record highs this year despite declining sales, store closings, and a few bankruptcy filings. Stock-Callers.com reviews the following equities and see if they are poised for growth: Brixmor Property Group Inc. (NYSE: BRX), Northstar Asset Management Group Inc. (NYSE: NSAM), Realty Income Corp. (NYSE: O), and Hospitality Properties Trust (NASDAQ: HPT). Learn more about these stocks by downloading their comprehensive and free reports at:
Brixmor Property Group
On Wednesday, shares in New York-based Brixmor Property Group Inc. recorded a trading volume of 2.04 million shares. The stock ended the day at $28.15, which was a slight drop of 0.11%. The Company's shares have gained 2.93% in the last one month, 13.83% over the previous three months, and 12.17% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.88% and 11.58%, respectively. Furthermore, shares of Brixmor Property Group, which owns and operates various grocery-anchored community and neighborhood shopping centers in the US, have a Relative Strength Index (RSI) of 58.91.
On August 17th, 2016, research firm Deutsche Bank upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised upwards its previous target price from $27 a share to $30 a share.
As per notes filed with the SEC, on August 24th, 2016, Brixmor Operating Partnership LP, an indirect subsidiary of Brixmor Property Group, completed the previously announced offering of $500,000,000 aggregate principal amount of 3.250% Senior Notes due 2023. The Notes bear interest at a rate of 3.250% per annum accruing from August 24th, 2016 and will mature on September 15th, 2023. BRX complete research report is just a click away and free at:
Northstar Asset Management Group
New York-based Northstar Asset Management Group Inc.'s stock finished yesterday's session 1.07% lower at $12.02 and with a total volume of 1.89 million shares traded. The Company's shares have gained 5.95% in the last one month and 1.58% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.78% and 4.33%, respectively. Furthermore, shares of Northstar Asset Management Group, which provides asset management and other services in the US and internationally, have an RSI of 59.62.
On August 4th, 2016, Northstar Asset Management Group, reported GAAP net income to common stockholders of $10.9 million, or $0.06 per diluted share and cash available for distribution of $54.0 million, or $0.28 per share. Total assets of managed companies as of June 30th, 2016 were approximately $40.2 billion. The complimentary report on NSAM can be downloaded at:
At the closing bell on Wednesday, shares in Escondido, California-based Realty Income Corp. saw a slight decline of 0.91%, ending the day at $66.68. The stock recorded a trading volume of 1.07 million shares. The Company's shares have gained 13.33% in the previous three months and 32.10% since the start of this year. The stock is trading 12.85% above its 200-day moving average. Moreover, shares of Realty Income, which invests in the real estate markets of the US, have an RSI of 41.33.
On July 27th, 2016, Realty Income reported that revenue for the quarter ended June 30th, 2016 increased 6.7% to $271.0 million, as compared to $253.9 million for the same quarter in 2015. The company's net income available to common stockholders for the quarter ended June 30th, 2016 was $69.0 million, as compared to $59.3 million for the same quarter in 2015.
On August 01st, 2016, research firm Wunderlich reiterated its 'Sell' rating on the Company's stock with an increase of the target price from $53 a share to $60 a share. Sign up for your complimentary research report on O at:
Hospitality Properties Trust
Newton, Massachusetts-based Hospitality Properties Trust's stock ended the day 1.44% lower at $30.22. A total volume of 1.11 million shares was traded, which was above their three months average volume of 1.03 million shares. The Company's shares have gained 18.51% over the previous three months and 20.41% on an YTD basis. The stock is trading 0.42% above its 50-day moving average and 15.05% above its 200-day moving average. Additionally, shares of Hospitality Properties Trust, which engages in buying, owning, and leasing hotels, have an RSI of 44.04.
On August 9th, 2016, the company reported that net income available for common shareholders for the quarter ended June 30th, 2016 was $50.9 million, or $0.34 per diluted share, compared to net income available for common shareholders of $78.0 million, or $0.52 per diluted share, for the quarter ended June 30th, 2015.
On August 10th, 2016, research firm FBR Capital downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. The research firm also revised upwards its previous target price from $31 a share to $32 a share. Get free access to your research report on HPT at:
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