NEW YORK, May 31, 2017 /PRNewswire/ --
Stock-Callers.com is currently reviewing the most recent performances of these four Diversified REIT equities: Annaly Capital Management Inc. (NYSE: NLY), Spirit Realty Capital Inc. (NYSE: SRC), VEREIT Inc. (NYSE: VER), and Cousins Properties Inc. (NYSE: CUZ). According to a Zacks' report, the first four months of this year were not favorable for the overall US REIT industry. The FTSE/NAREIT All REITs Index registered a total return of 3.5% in the first four months of 2017, lagging behind the S&P 500's stellar 7.2%. Download the free research reports on these stocks today:
Annaly Capital Management
New York-based Annaly Capital Management Inc.'s shares declined 0.17%, closing Tuesday's trading session at $11.80. The stock recorded a trading volume of 3.66 million shares. The Company's shares have advanced 6.31% over the previous three months and 18.36% since the start of this year. The stock is trading 2.95% above its 50-day moving average and 10.37% above its 200-day moving average. Additionally, shares of Annaly Capital Management, which owns a portfolio of real estate related investments in the US, have a Relative Strength Index (RSI) of 65.05.
On May 10th, 2017, the Company announced that, in accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") of the Company, its Board of Directors has declared a Series A Preferred Stock cash dividend for Q2 2017 of $0.492188 per share of Series A Preferred Stock. The dividend is payable on June 30th, 2017, to preferred shareholders of record as of June 01st, 2017. See our free and comprehensive research report on NLY at:
Spirit Realty Capital
On Tuesday, shares in US-domiciled Spirit Realty Capital Inc. recorded a trading volume of 7.19 million shares. The stock rose 0.14%, ending the day at $7.21. The Company's shares are trading below their 50-day moving average by 21.26%. Furthermore, shares of Spirit Realty Capital, which acquires across the US single tenant operationally essential real estate, which refers to generally free-standing, commercial real estate facilities where tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits, have an RSI of 31.74.
On May 08th, 2017, Spirit Realty Capital announced that Jackson Hsieh has been named to the position of CEO and President, and has been appointed to the Company's Board of Directors. In addition, the Company announced that Richard I. Gilchrist, formerly Lead Independent Director of the Company and veteran of the REIT industry, has been appointed as Chairman of the Board. As a consequence of these changes, Thomas H. Nolan is leaving the Company, effective immediately.
On May 09th, 2017, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. SRC free research report PDF is just a click away at:
Phoenix, Arizona-based VEREIT Inc.'s stock finished the day 1.08% lower at $8.24. A total volume of 9.63 million shares was traded, which was above their three months average volume of 8.07 million shares. Shares of the Company are trading below their 50-day moving average by 0.87%. Additionally, shares of VEREIT, which owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants, have an RSI of 57.09.
On May 22nd, 2017, VEREIT announced the recipients of its annual awards for leasing excellence, recognizing the top professionals leasing available retail space on behalf of the Company across its owned and managed net lease portfolio. The recipients were honored at an awards ceremony, in conjunction with International Council of Shopping Centers RECon, on May 21st, 2017 in Las Vegas. Sign up for your complimentary report on VER at:
Shares in Atlanta, Georgia-based Cousins Properties Inc. ended yesterday's session 0.35% lower at $8.50. The stock recorded a trading volume of 3.40 million shares. The Company's shares have advanced 0.12% in the last month. The stock is trading 1.46% and 4.95% above its 50-day and 200-day moving averages, respectively. Moreover, 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 an RSI of 52.75.
On May 03rd, 2017, Cousins Properties announced that it has completed the disposition of Emory Point I and II, a mixed-use property in Atlanta comprised of 750 apartments and 125,000 square feet of retail space, for a gross price of $199 million. The project was owned through a 75/25 joint venture between the Company and Gables Residential.
On May 16th, 2017, research firm Robert W. Baird upgraded the Company's stock rating from 'Neutral' to 'Outperform' while revising its previous target price from $9 a share to $10 a share. Register for free on Stock-Callers.com and download the latest research report on CUZ at:
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