NEW YORK, December 27, 2016 /PRNewswire/ --
Today, Stock-Callers.com takes a closer look at these Diversified REITs: Colony Capital Inc. (NYSE: CLNY), Vornado Realty Trust (NYSE: VNO), Empire State Realty Trust Inc. (NYSE: ESRT), and Invesco Mortgage Capital Inc. (NYSE: IVR). These real estate investment trusts belong to the Financials sector which was little changed just before the closing bell on Friday, December 23rd, 2016. As per an article on NASDAQ, the NYSE Financial Sector Index fell less than 0.1%, while Financials companies in the S&P 500 Index rose nearly 0.1%. These stocks research reports can be downloaded now by simply registering for free at:
Los Angeles, California-based Colony Capital Inc.'s shares climbed 2.82%, finishing last Friday's session at $20.81. A total volume of 1.23 million shares was traded. The stock has advanced 2.51% in the past month, 18.20% in the previous three months, and 14.90% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 5.36% and 18.27%, respectively. Additionally, shares of Colony Capital, which invests in the real estate markets of North America and Europe, have a Relative Strength Index (RSI) of 55.78.
On December 20th, 2016, Colony Capital, NorthStar Asset Management Group Inc., and NorthStar Realty Finance Corp. jointly announced that the shareholders of all three companies voted to approve the previously announced merger of the three companies at their respective special meetings. The combined Company will be named Colony NorthStar, Inc., and will be listed on the New York Stock Exchange under the ticker symbol "CLNS". The companies expect to complete the merger in January 2017. Your complete research report on CLNY can be retrieved for free at: http://stock-callers.com/registration/?symbol=CLNY
Vornado Realty Trust
On Friday, shares in New York City-based Vornado Realty Trust ended the session 0.17% lower at $102.87. The stock recorded a trading volume of 530,961 shares. The Company's shares have gained 6.61% in the last month and 5.71% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.55% and 6.01%, respectively. Moreover, shares of Vornado Realty Trust, which makes investments in commercial real estate properties to create its portfolio, have an RSI of 58.55.
On December 14th , 2016, the Company announced that the entity that owns 85 Tenth Avenue has completed a $625 million refinancing of the property. Out of the proceeds of the refinancing, Vornado received $192 million in repayment of its loans to the entity. In 2007, Vornado made $50 million of 11% PIK mezzanine loans to the entity and in 2013 and 2014 funded an additional $23 million bringing its total investment to $73 million. VNO free report is just a click away at: http://stock-callers.com/registration/?symbol=VNO
Empire State Realty Trust
New York-based Empire State Realty Trust Inc.'s stock declined 1.45%, to close the day at $19.76 with a total trading volume of 334,791 shares. The Company's shares have advanced 0.31% in the last one month and 11.65% since the start of this year. The stock is trading 0.22% above its 50-day moving average and 1.95% above its 200-day moving average. Additionally, shares of Empire State Realty Trust, which focuses on owning, managing, operating, and acquiring office and retail properties in Manhattan and the greater New York metropolitan area, have an RSI of 46.83.
On December 9th, 2016, the Company announced that Blue Bottle Coffee, Inc. has signed a long-term lease at One Grand Central Place. The asking rent was $675 per square foot. Sign up for your complimentary research report on ESRT at:
Invesco Mortgage Capital
Shares in Atlanta, Georgia headquartered Invesco Mortgage Capital Inc. recorded a trading volume of 735,233 shares. The stock ended at $14.69, slightly down 0.14% from the last trading session. The Company's shares have gained 2.21% in the past month and 32.72% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.26% and 8.62%, respectively. Furthermore, shares of Invesco Mortgage Capital, which focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans, have an RSI of 50.21.
On December 13th, 2016, research firm Keefe Bruyette downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.
On December 15th, 2016, Invesco Mortgage Capital's Board of Directors declared a quarterly cash dividend on its 7.75% Series A Preferred Stock of $0.4844 per share. The dividend will be paid on January 25th, 2017 to stockholders of record on January 01st, 2017. The Board of Directors also declared a quarterly cash dividend on its 7.75% Fixed-to-Floating Series B Preferred Stock of $0.4844 per share. The dividend will be paid on March 27th, 2017 to stockholders of record on March 05th, 2017. Register for free on Stock-Callers.com and download the latest research report on IVR at: http://stock-callers.com/registration/?symbol=IVR
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