NEW YORK, October 5, 2016 /PRNewswire/ --
This morning, Stock-Callers.com has on its radar the Retail REITs industry which is particularly sensitive to U.S. economic cycles. Because firms in this category are not subject to federal income tax, they offer dividend yields, which are well above the wider market average. Equities to assess are Realty Income Corp. (NYSE: O), Simon Property Group Inc. (NYSE: SPG), Pennsylvania Real Estate Investment Trust (NYSE: PEI), and SL Green Realty Corp. (NYSE: SLG). Learn more about these stocks by downloading their free report at:
Escondido, California-based Realty Income Corp.'s stock finished Tuesday's session at $63.69, which was a decline of 2.58%. A total volume of 1.83 million shares was traded, which was above their three months average volume of 1.55 million shares. Since the start of this year, the Company's shares have gained 26.94%. The stock is trading above its 200-day moving average by 3.82%. Moreover, shares of Realty Income, which invests in the real estate markets of the US, have a Relative Strength Index (RSI) of 37.54.
On October 4th, 2016, Realty Income announced the pricing of $600 million of 3.00% senior unsecured notes due 2027. The public offering price for the notes was 98.671% of the principal amount for an effective yield to maturity of 3.153%. The net proceeds from the offering will be used to repay borrowings outstanding under its $2.0 billion revolving credit facility and, to the extent not used for that purpose, to fund potential investment opportunities and/or for other general corporate purposes. This offering is expected to close on October 12th, 2016, subject to customary closing conditions. The free research report on O is available at:
Simon Property Group
Shares in Indianapolis, Indiana-based Simon Property Group Inc. ended yesterday's session 1.47% lower at $198.87. A total volume of 1.89 million shares was traded, which was higher than their three months average volume of 1.22 million shares. The stock has gained 4.82% on an YTD basis. The Company's shares are trading 1.36% below their 200-day moving average. Moreover, shares of Simon Property Group, which invests in the real estate markets across the globe, have an RSI of 26.92.
On September 15th, 2016, Authentic Brands Group (ABG), General Growth Properties (GGP), and Simon Property Group (SPG) finalized the acquisition of the global trend-focused apparel and accessories brand, Aéropostale. The consortium includes ABG, the owner of a global portfolio of fashion, sports and entertainment brands, GGP and SPG, two of the largest retail real estate companies in the world. "We are pleased to be part of this consortium that has saved thousands of jobs and preserved a legendary American brand," said David Simon, Chairman and CEO of SPG. The complimentary report on SPG can be downloaded at:
Pennsylvania Real Estate Investment Trust
On Tuesday, Philadelphia-based Pennsylvania Real Estate Investment Trust's stock saw a slight decline of 0.89%, to close the day at $22.30. A total volume of 546,234 shares was traded. The Company's shares have advanced 3.44% in the previous three months and 4.97% on an YTD basis. The stock is trading 3.14% above its 200-day moving average. Additionally, shares of Pennsylvania REIT, which manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern US, have an RSI of 31.86.
On September 22nd, 2016, Pennsylvania REIT announced that it will release its Q3 2016 financial results after market close on November 2nd 2016. The company's management has scheduled a conference call for 11:00 a.m. ET on November 3rd, 2016, to review the company's results and future outlook. Visit us today and download our complete research report on PEI for free at:
SL Green Realty
Shares in New York-based SL Green Realty Corp. ended the day 0.92% lower at $106.04. A total volume of 684,950 shares was traded, which was above their three months average volume of 684,940 shares. The stock has gained 3.30% in the previous three months. The Company's shares are trading above their 200-day moving average by 3.63%. Furthermore, shares of SL Green Realty, which engages in the property management, acquisitions, financing, development, construction, and leasing, have an RSI of 31.98.
On September 28th, 2016, SL Green Realty announced that it has closed on $1.5 billion of construction financing for One Vanderbilt, adjacent to Grand Central Terminal in Midtown Manhattan. One Vanderbilt will include direct connections to Grand Central's network of mass transit, improved by $220 million in upgrades SL Green is implementing as part of the project. The facility, has a term of up to 7 years and bears interest at a floating interest rate of 3.50% over LIBOR, with the ability to reduce the spread to as low as 3.00% upon achieving certain pre-leasing and completion milestones. Get free access to your technical report on SLG at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: email@example.com Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA