NEW YORK, December 21, 2016 /PRNewswire/ --
Pre-market, Stock-Callers.com recalls the performances of four Retail REITs, namely: General Growth Properties 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 extended its day-long advance on Tuesday, December 20th, underpinning gains for the broader US markets. According to an article on the NASDAQ, the NYSE Financial Sector Index climbed nearly 0.6%, while Financials companies in the S&P 500 Index added about 1.1% in value. You can access of our complimentary research reports on these stocks now at: http://stock-callers.com/registration
General Growth Properties
Chicago, Illinois-based General Growth Properties Inc.'s shares declined 0.27%, closing Tuesday's trading session at $26.08. The stock recorded a trading volume of 3.43 million shares. The Company's shares have advanced 3.53% in the last month. The stock is trading 1.87% above its 50-day moving average. Additionally, shares of General Growth Properties, which invests in the real estate markets of the US, have a Relative Strength Index (RSI) of 53.13.
On December 15th, 2016, General Growth Properties announced the promotion of Shobi Khan to President and Chief Operating Officer, effective immediately. Mr. Khan joined the company in 2011 as Chief Operating Officer to oversee all aspects of asset management and investment activities. Mr. Khan will continue to report directly to Sandeep Mathrani, Chief Executive Officer. Visit us today and download your complete report on GGP for free at: http://stock-callers.com/registration/?symbol=GGP
On Tuesday, shares in New Hyde Park, New York-based Kimco Realty Corp. recorded a trading volume of 3.01 million shares. The stock rose 0.70%, ending the day at $25.87. The Company's shares have advanced 0.86% in the last month and 0.34% on an YTD basis. The stock is trading below its 50-day moving average by 1.92%. Furthermore, shares of Kimco Realty, which primarily engages in acquisitions, development, and management of neighborhood and community shopping centers, have an RSI of 47.28.
On November 11th, 2016, Kimco Realty announced that it will report its Q4 2016 earnings on February 02nd, 2017 after market close. The Company's quarterly earnings conference call will be broadcast live over the Internet on February 03rd, 2017 at 10:00 AM EST.
On November 29th, 2016, research firm Goldman downgraded the Company's stock rating from 'Neutral' to 'Sell'. The complimentary research report on KIM can be accessed at: http://stock-callers.com/registration/?symbol=KIM
Beachwood, Ohio-based DDR Corp.'s stock finished the day 0.07% lower at $15.20 with a total trading volume of 1.99 million shares. The Company's shares have gained 1.06% in the last one month. The stock is trading below its 50-day moving average by 1.71%. Additionally, shares of DDR Corp., which invests in the real estate markets of the US and Puerto Rico, have an RSI of 46.44.
On December 13th, 2016, research firm UBS downgraded the Company's stock rating from 'Neutral' to 'Sell' while revising its previous target price from $16 a share to $14.50 a share.
On December 14th, 2016, DDR announced that it has named William T. Ross as Chief Operating Officer, effective January 03rd, 2017. Mr. Ross will oversee Asset Management and Property Management and will focus on improving same-store net operating income and cash flow at the property and portfolio levels. Mr. Ross is a seasoned veteran of the retail real estate industry with extensive experience as a senior leader at Forest City Realty Trust as executive Vice President of asset management since 2006. Prior to his time at Forest City, Mr. Ross was an executive at General Electric Company. He also spent six years as a consultant for McKinsey & Company, worked in venture capital, and ran a small sporting goods manufacturing company. Register for free on Stock-Callers.com and download the PDF research report on DDR at: http://stock-callers.com/registration/?symbol=DDR
CBL & Associates Properties
Shares in Chattanooga, Tennessee-based CBL & Associates Properties Inc. ended yesterday's session 1.01% higher at $11.95. The stock recorded a trading volume of 1.49 million shares. The Company's shares have advanced 3.37% in the last one month and 4.09% since the start of this year. The stock is trading 3.30% and 6.26% above its 50-day and 200-day moving averages, respectively. Moreover, shares of CBL & Associates Properties, which engages in acquisition, development, and management of properties, have an RSI of 52.65.
On December 13th, 2016, research firm Citigroup downgraded the Company's stock rating from 'Neutral' to 'Sell'.
On December 19th, 2016, CBL & Associates Properties announced that it had closed on the sale of three Tier 3 enclosed malls for an aggregate sales price of $32.25 million to Hull Property Group. The Company stated that net proceeds from the transaction were used to reduce outstanding balances on the CBL & Associates Properties' lines of credit. Get free access to your research report on CBL at: http://stock-callers.com/registration/?symbol=CBL
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SOURCE Chelmsford Park SA