NEW YORK, January 18, 2017 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com draws investors' attention to the following Diversified REITs: Cousins Properties Inc. (NYSE: CUZ), Gramercy Property Trust Inc. (NYSE: GPT), American Tower Corp. (NYSE: AMT), and Starwood Property Trust Inc. (NYSE: STWD). These real estate investment trusts are part of the Financial sector, which ended sharply lower on Tuesday, January 17th, 2017, with the NYSE Financial Sector Index sinking about 1.3%, while Financial companies in the S&P 500 Index also were dropping nearly 2.3%. Learn more about these stocks by accessing their free research reports at:
On Tuesday, Atlanta, Georgia-based Cousins Properties Inc.'s stock recorded a trading volume of 1.28 million shares, and finished 0.36% higher at $8.34. The Company's shares have advanced 3.84% in the last one month and 7.42% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 4.16% and 10.21%, respectively. Furthermore, shares of Cousins Properties, which owns, develops, and manages real estate portfolio, as well as performs certain real estate-related services in the US, have a Relative Strength Index (RSI) of 55.60.
On January 09th, 2017, Cousins Properties announced that it will release Q4 2016 earnings after the market closes on February 08th, 2017. The company will host its Q4 2016 conference call on February 09th, 2017, at 11 a.m. ET. Free research report on CUZ is available at:
Gramercy Property Trust
New York City-based Gramercy Property Trust Inc.'s stock rose 0.69%, finishing yesterday's session at $27.62 with a total trading volume of 1.18 million shares. The Company's shares have surged 229.49% in the last month, 209.46% over the previous three months, and 200.87% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 128.77% and 183.96%, respectively. Additionally, shares of Gramercy Property Trust, which invests in the real estate markets of the US, have an RSI of 90.86.
On January 09th, 2017, Gramercy Property announced that for the calendar year 2016, the Company acquired properties totaling $1.4 billion and disposed of properties totaling more than $1.5 billion. For the year, the Company completed 34 separate acquisitions, aggregating approximately 20.1 million square feet, and having an average cash cap rate of 6.8%, an average annualized straight-lined cap rate of 7.4%, and an average lease term of nearly 10 years. The Company's previously disclosed 2016 acquisition target was $1 billion. In addition, the Company sold over $1.5 billion of single and multi-tenant assets in 21 separate transactions.
On January 09th, 2017, research firm JMP Securities downgraded the Company's stock rating from 'Market Outperform' to 'Market Perform'. The complimentary research report on GPT can be downloaded at:
Shares in Boston, Massachusetts headquartered American Tower Corp. ended Tuesday's session 1.66% higher at $105.17 with a total trading volume of 2.06 million shares. The stock is trading 0.37% below its 50-day moving average. Shares of the Company, which engages in leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries, have an RSI of 52.42.
On January 11th, 2017, American Tower announced its election to call for redemption all of its outstanding 7.25% senior unsecured notes due 2019. The redemption date has been set for February 10th, 2017. The Company intends to fund the redemption with borrowings under its credit facilities and cash on hand. Visit us today and access our complete research report on AMT at:
Starwood Property Trust
At the close, Greenwich, Connecticut headquartered Starwood Property Trust Inc.'s stock climbed 0.18%, finishing at $22.44. A total volume of 1.92 million shares was traded. The Company's shares have advanced 2.93% in the last month, 5.30% over the previous three months, and 2.23% on an YTD basis. The stock is trading 2.94% above its 50-day moving average and 9.09% above its 200-day moving average. Additionally, shares of Starwood Property Trust, which originates, acquires, finances, and manages commercial mortgage loans, other commercial real estate debt investments, commercial mortgage-backed securities, and other commercial real estate- investments in the US and Europe, have an RSI of 63.63.
On December 30th, 2016, Starwood Property announced that the conversion rate applicable to its outstanding 4.55% Convertible Senior Notes due 2018 has been adjusted to 47.2712 from 46.7513 and the conversion rate applicable to its outstanding 4.00% Convertible Senior Notes due 2019 has been adjusted to 49.9717 from 49.4927, in each case effective December 28th, 2016 and subject to further adjustment as provided in the applicable governing indenture. Get free access to your research report on STWD at:
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