Technical Pulse on Office REITs Stocks -- Gramercy Property Trust, Brandywine Realty Trust, Corporate Office Properties Trust, Government Properties Income Trust, and Piedmont Office Realty Trust Editor Note: For more information about this release, please scroll to bottom
LONDON, July 21, 2014 /PRNewswire/ --
On Friday, July 18, 2014, the NASDAQ Composite ended at 4,432.15, up 1.57%, the Dow Jones Industrial Average finished the day 0.73% higher at 17,100.18, and the S&P 500 closed at 1,978.22, up 1.03%. The gains were broad based as all the ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 308.63, up 1.07%, and the index has advanced 0.24% in the last one month. Investor-Edge has initiated coverage on the following equities: Gramercy Property Trust Inc. (NYSE: GPT), Brandywine Realty Trust (NYSE: BDN), Corporate Office Properties Trust (NYSE: OFC), Government Properties Income Trust (NYSE: GOV), and Piedmont Office Realty Trust Inc. (NYSE: PDM). Free research on these five companies can be accessed at:
On Friday, Gramercy Property Trust Inc.'s stock recorded a trading volume of 0.65 million shares, lower than its three months average volume of 2.02 million shares. The stock finished the day at $6.01, up 1.35%, and registered an intraday range of $5.90 and $6.02. Gramercy Property Trust Inc.'s shares have advanced 0.84% in the last one month and 14.04% in the previous three months. Also, the stock has gained 4.52% on YTD basis. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $5.86 is above its 200-day moving average of $5.43. Additionally, shares of the company have a Relative Strength Index (RSI) of 50.21. Sign up and read the free notes on GPT at:
Brandywine Realty Trust's stock gained 1.01%, to close Friday's session at $15.95, hitting a new 52-week high of $15.98. The stock recorded a trading volume of 0.73 million shares, below its three months average volume of 1.38 million shares. Over the past three trading sessions and last one month, Brandywine Realty Trust's shares have advanced 1.40% and 2.77%, respectively. Also, from the beginning of 2014, the company's stock has surged 13.20%. The stock is trading above its 50-day and 200-day moving averages. The company stock's 50-day moving average of $15.44 is above its 200-day moving average of $14.37. Further, the stock traded at a PE ratio of 77.21 and has an RSI of 68.25. The complimentary notes on BDN can be downloaded as in PDF format at:
On Friday, Corporate Office Properties Trust's stock finished the session 0.98% higher at $28.71. A total of 0.26 million shares were traded, which was below its three months average volume of 0.55 million shares. The stock moved between $28.38 and $28.74 during the session. Over the last one month, Corporate Office Properties Trust's shares have declined 0.52%. However, the stock has gone up 7.85% over the past three months and 21.19% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $27.95 is greater than its 200-day moving average of $25.62. Corporate Office Properties Trust's stock traded at a PE ratio of 312.49 and has an RSI of 58.06. Register for free on Investor-Edge and access the latest research on OFC at:
Shares in Government Properties Income Trust fluctuated between $24.75 and $25.01 before ending Friday's session up 0.56%, at $24.94. The company's stock reported a trading volume of 0.36 million shares, close to its three months average volume of 0.40 million shares. Further, shares of Government Properties Income Trust have lost 0.32% over the past three trading sessions and 2.84% over the last one month. However, the stock has gained 0.36% on YTD basis. The stock is trading above its 200-day moving average. The stock's 50-day moving average of $25.35 is greater than its 200-day moving average of $24.92. Moreover, shares of the company traded at a PE ratio of 25.98 and have an RSI of 42.39. The complete research on GOV is available for free at:
Piedmont Office Realty Trust Inc.'s stock advanced 1.36%, to close Friday's session at $19.43, after vacillating between $19.16 and $19.44. The stock recorded a trading volume of 0.61 million shares, below its three months average volume of 0.79 million shares. Over the last one month, Piedmont Office Realty Trust Inc.'s shares have gained 2.10%. Also, over the past three months and from the beginning of 2014, the company's stock has rallied 11.73% and 17.62%, respectively. The stock is trading above its 50-day and 200-day moving averages. The company stock's 50-day moving average of $18.94 is above its 200-day moving average of $17.57. Further, the stock traded at a PE ratio of 64.77 and has an RSI of 63.51. Free in depth research on PDM is available at:
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