NEW YORK, February 6, 2017 /PRNewswire/ --
This morning, Stock-Callers.com steers investors' attention to four Industrial REITs, namely: Extra Space Storage Inc. (NYSE: EXR), Public Storage (NYSE: PSA), First Industrial Realty Trust Inc. (NYSE: FR), and STAG Industrial Inc. (NYSE: STAG). As per S&P Capital IQ, rising interest rates will disrupt the real estate investment trust sector in 2017, but there will be winners and losers. Ken Leon, an equity analyst with CFRA, says that industrial REITs will be best positioned with strong secular growth, as well as multifamily and retail REITs. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
Extra Space Storage
Last Friday, shares in Salt Lake City, Utah-based Extra Space Storage Inc. ended the session 0.76% higher at $73.01. The stock recorded a trading volume of 706,312 shares. The Company's shares have advanced 3.18% in the previous three months. The stock is trading 0.46% below its 50-day moving average. Moreover, shares of Extra Space Storage, which engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities, have a Relative Strength Index (RSI) of 48.34.
On January 18th, 2017, Extra Space Storage announced that it will release financial results for Q4 and full year 2016 on February 21st, 2017, after the market closes. The Company will host a conference call at 1:00 p.m. ET on February 22nd, 2017, to discuss its financial results. Visit us today and access our complete research report on EXR at:
Glendale, California-based Public Storage's stock gained 0.70%, to close the day at $216.53 with a total trading volume of 747,667 shares. The Company's shares have advanced 6.46% in the previous three months. The stock is trading 0.14% above its 50-day moving average. Additionally, shares of Public Storage, which invests in real estate markets of US and Europe, have an RSI of 48.84.
On January 25th, 2017, Public Storage announced that it intends to release its Q4 2016 earnings results on February 22nd, 2017. A conference call is scheduled for February 23rd, 2017, at 10:00 a.m. PT to discuss these results. The complimentary report on PSA can be downloaded at:
First Industrial Realty Trust
Shares in US-domiciled First Industrial Realty Trust Inc. recorded a trading volume of 1.27 million shares at the close of the last trading session, which was above their three months average volume of 833,990 shares. The stock ended the day 1.94% higher at $26.23. The Company's shares have advanced 3.09% over the previous three months. The stock is trading below its 200-day moving average by 1.37%. Furthermore, shares of First Industrial Realty Trust, which makes investments in industrial properties, have an RSI of 42.82.
On January 11th, 2017, research firm Robert W. Baird downgraded the Company's stock rating from 'Outperform' to 'Neutral' while revising its previous target price from $29 a share to $28 a share.
On January 24th, 2017, First Industrial Realty Trust reported the tax treatment of its 2016 distributions. For tax purposes, 83% of the Company's 2016 common stock distributions represented ordinary dividends, 14% were classified as capital gain distributions, and 3% were classified as return of capital (non-dividend distributions). Register for free on Stock-Callers.com and access the latest research report on FR at:
Boston, Massachusetts-based STAG Industrial Inc.'s shares finished Friday's session 1.32% higher at $23.71. A total volume of 577,707 shares was traded. The stock has advanced 8.73% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 1.17% and 4.70%, respectively. Furthermore, shares of STAG Industrial, which are engaged in investment and management of real estate assets, have an RSI of 52.07.
On January 05th, 2017, STAG Industrial announced that the Company will release its Q4 2016 operating and financial results after market close on February 16th, 2017. The Company will host its quarterly earnings conference call on February 17th, 2017, at 10:00 a.m. ET. Get free access to your research report on STAG at:
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