NEW YORK, March 15, 2017 /PRNewswire/ --
Stock-Callers.com has initiated coverage on the following Retail REITs: GGP Inc. (NYSE: GGP), Kimco Realty Corp. (NYSE: KIM), DDR Corp. (NYSE: DDR), and CBL & Associates Properties Inc. (NYSE: CBL). These real estate investment trusts belong to the Financials sector, which was moderately lower late Tuesday, March 14th, 2017, with the NYSE Financials Sector Index dropping 0.3%, while Financials companies in the S&P 500 Index also were falling 0.3%. Learn more about these stocks by downloading their comprehensive and free reports at:
Chicago, Illinois-based GGP Inc.'s stock finished Tuesday's session 1.20% lower at $23.00. A total volume of 8.00 million shares was traded, which was above their three months average volume of 4.53 million shares. The Company's shares are trading below their 50-day moving average by 7.49%. Furthermore, shares of GGP Inc., which invests in the real estate markets of the US, have a Relative Strength Index (RSI) of 29.81.
On January 30th, 2017, the Company's Board of Directors declared a first quarter common stock dividend of $0.22 per share payable on April 28, 2017, to stockholders of record on April 13th, 2017. This represents an increase of $0.03 per share or 16% growth over the dividend declared for Q1 2016. The Board of Directors also declared a quarterly dividend on the 6.375% Series A Cumulative Redeemable Preferred Stock of $0.3984 per share payable on April 03rd, 2017, to stockholders of record on March 15th, 2017. GGP complete research report is just a click away and free at:
Shares in New Hyde Park, New York-based Kimco Realty Corp. ended at $22.19, up 1.56% from the last trading session. The stock recorded a trading volume of 5.99 million shares, which was higher than its three months average volume of 3.49 million shares. The Company's shares are trading 9.55% below their 50-day moving average. Moreover, shares of Kimco Realty, which engages in acquisitions, development, and management of neighborhood and community shopping centers, have an RSI of 30.14.
On March 08th, 2017, Kimco Realty announced the opening of its Grand Parkway Marketplace in Spring, Texas. The 126,000-square-foot Target is the first retailer to open in the much-anticipated Grand Parkway Marketplace development, the latest of Kimco's Signature Series ground-up developments to open for business. The project's $87-million, 488,000-square-foot phase-one is scheduled for completion in Q3 2017. The complimentary report on KIM can be downloaded at:
Beachwood, Ohio-based DDR Corp.'s stock ended yesterday's session 1.84% lower at $12.80. A total volume of 3.97 million shares was traded, which was above their three months average volume of 3.57 million shares. The Company's shares are trading 13.45% below their 50-day moving average. Additionally, shares of DDR Corp., which invests in the real estate markets of the US and Puerto Rico, have an RSI of 24.09.
On March 03rd, 2017, DDR announced that David Lukes has been named President and Chief Executive Officer of the Company to replace Tom August, who has stepped down. In addition, Mr. Lukes has been named to DDR's Board of Directors. Also joining DDR are Michael Makinen, who will serve as Executive Vice President and Chief Operating Officer, and Matthew Ostrower, who will serve as Executive Vice President, Chief Financial Officer, and Treasurer.
On March 13th, 2017, research firm Sandler O'Neill downgraded the Company's stock rating from 'Buy' to 'Hold'. Sign up for your complimentary research report on DDR at:
CBL & Associates
On Tuesday, shares in Chattanooga, Tennessee-based CBL & Associates Properties Inc. recorded a trading volume of 2.30 million shares, which was above their three months average volume of 2.20 million shares. The stock finished 0.21% higher at $9.42. The Company's shares are trading below their 50-day moving average by 10.65%. Furthermore, shares of CBL & Associates Properties, which engages in acquisition, development, and management of properties, have an RSI of 32.89.
On March 01st, 2017, CBL & Associates Properties announced that it plans to release its results for Q1 ending March 31st, 2017, after the market closes on May 03rd, 2017, and will host a conference call on May 04th, 2017, at 11:00 a.m. ET. Get free access to your research report on CBL at:
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SOURCE Chelmsford Park SA