NEW YORK, May 3, 2017 /PRNewswire/ --
Pre-market, Stock-Callers.com presents the following Retail REIT equities: Brixmor Property Group Inc. (NYSE: BRX), Realty Income Corp. (NYSE: O), Simon Property Group Inc. (NYSE: SPG), and Retail Properties of America Inc. (NYSE: RPAI). According to Sandeep Mathrani, CEO of GGP, one of the biggest changes in the Retail segment is coming from companies that originate online. They are now starting to open brick-and-mortar stores, because they provide the most efficient way to get products to customers. You can access our complimentary research reports on these stocks now at:
Shares in New York-based Brixmor Property Group Inc. rose 0.70%, ending Tuesday's trading session at $20.17. The stock recorded a trading volume of 4.14 million shares, which was higher than its three months average volume of 2.53 million shares. The Company's shares are trading 6.29% below their 50-day moving average. Moreover, shares of Brixmor Property, which owns and operates various grocery-anchored community and neighborhood shopping centers in the US, have a Relative Strength Index (RSI) of 37.07.
On April 26th, 2017, Brixmor Property announced the appointment of industry veteran Vincent A. Corno as Executive Vice President - President, Midwest, effective May 08th, 2017. As head of the Midwest region, Mr. Corno will have strategic and day-to-day responsibility for the leasing, value-enhancing reinvestment, and ancillary income efforts for more than 20-million square feet of open-air retail properties. Visit us today and download your complete report on BRX for free at:
Escondido, California-based Realty Income Corp.'s stock climbed 0.37%, closing the day at $59.04 with a total trading volume of 1.56 million shares. The Company's shares have advanced 0.05% in the previous three months and 4.17% since the start of this year. The stock is trading 1.20% below its 50-day moving average. Additionally, shares of Realty Income, which invests in the real estate markets of the US, have an RSI of 42.27.
On April 25th, 2017, Realty Income announced operating results for Q1 ended March 31st, 2017. Net income per share was $0.27, and adjusted funds from operations were $0.76. Revenue was $298.0 million for Q1 2017, and net income available to common stockholders was $71.6 million. The Company also reported investment of $371 million in 60 new properties as well as properties under development or expansion. The complimentary research report on O can be accessed at:
On Tuesday, shares in Indianapolis, Indiana-based Simon Property Group Inc. recorded a trading volume of 1.95 million shares, which was above their three months average volume of 1.80 million shares. The stock ended the day 0.11% higher at $168.79. The Company's shares are trading below their 50-day moving average by 2.44%. Furthermore, shares of Simon Property, which invests in the real estate markets across the globe, have an RSI of 44.22.
On April 18th, 2017, Simon Property has announced that its Opry Mills property in Nashville is now the home of the United States' first in-mall Madame Tussauds wax attraction. The attraction opened its doors to the public on Friday, April 14th, 2017, marking its seventh location in the country. Register for free on Stock-Callers.com and download the PDF research report on SPG at:
Retail Properties of America
Oak Brook, Illinois-based Retail Properties of America Inc.'s stock rose 0.90%, finishing yesterday's session at $13.48 with a total trading volume of 1.85 million shares. The Company's shares are trading below their 50-day moving average by 6.79%. Shares of the Company, which engages in acquisition, development and management of properties, have an RSI of 29.24.
On April 25th, 2017, Retail Properties of America announced that it declared Q2 dividend for its 7.00% Series A Cumulative Redeemable Preferred Stock. The dividend of $0.4375 per preferred share will be paid on June 30th, 2017, to preferred stockholders of record on June 19th, 2017. Get free access to your research report on RPAI at:
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