NEW YORK, October 21, 2016 /PRNewswire/ --
Residential REITs are equity Real Estate Investment Trusts that own, manage, and rent various types of properties such as apartment buildings, student housing facilities, manufactured homes, and single-family homes. Ahead of today's trading session, Stock-Callers.com takes a closer look at the most recent performances of these four equities: Avalonbay Communities Inc. (NYSE: AVB), Mid-America Apartment Communities Inc. (NYSE: MAA), EdR (NYSE: EDR), and Post Properties Inc. (NYSE: PPS). Sign up today and download for free the research reports for the stocks covered today at:
Arlington, Virginia-based Avalonbay Communities Inc.'s stock finished Thursday's session at $168.12, down 0.60%. A total volume of 675,639 shares was traded. The Company's shares are trading below their 50-day moving average by 3.36%. Moreover, shares of Avalonbay Communities, which engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the US, have a Relative Strength Index (RSI) of 40.86.
As per notes filed with the SEC on October 5th, 2016, Avalonbay Communities priced a public offering on September 26th, 2016, of an aggregate of $300,000,000 principal amount of its 2.90% Medium Term Notes due October 15th, 2026, and $350,000,000 principal amount of its 3.90% Medium Term Notes due October 15th, 2046. The Notes bear interest from October 5th, 2016, with interest on the Notes payable semi-annually on April 15th and October 15th, beginning on April 15th, 2017. The Company will use the aggregate net proceeds, after underwriting discounts and other transaction-related costs, of approximately $641,800,000 from the sale of the Notes to reduce indebtedness outstanding under its $1,500,000,000 unsecured revolving credit facility and for general corporate purposes. The Company also expects to use a portion of the net proceeds from the sale of the Notes to redeem during Q4 of 2016 all of its 5.70% Notes due March 15th, 2017, of which $250 million was outstanding as of August 31st, 2016. AVB complete research report is just a click away at:
Mid-America Apartment Communities
Shares in Memphis, Tennessee-based Mid-America Apartment Communities Inc. ended yesterday's session 0.77% higher at $92.02, with a total trading volume of 748,165 shares. The stock has gained 4.88% on an YTD basis. The Company's shares are trading 0.84% below their 50-day moving average. Moreover, shares of Mid-America Apartment Communities, which invests in the real estate markets of the US, have an RSI of 54.10.
Yesterday, research firm JMP Securities upgraded the company's stock rating from 'Market Perform' to 'Market Outperform'.
On October 3rd, 2016, Mid-America Apartment announced that the company expects to release its Q3 2016 results on October 27th, 2016 after market close and will hold its conference call on October 28th, 2016 at 8:30 A.M. (Central Time). During the conference call, the company's officers will review Q3 performance and conduct a question-and-answer period. The complimentary report on MAA can be downloaded at:
On Thursday, Memphis, Tennessee-based EdR's stock rose 0.26%, to close the day at $41.93. A total volume of 506,919 shares was traded. The Company's shares have advanced 13.67% on an YTD basis. The stock is trading 0.11% above its 200-day moving average. Additionally, shares of EdR, which invests in the real estate markets of US, have an RSI of 46.22.
On October 5th, 2016, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On October 14th, 2016, EdR announced that its Board of Directors has approved a quarterly cash dividend of $0.38 per share of common stock. The dividend will be payable on November 15th, 2016 to shareholders of record as of October 31st, 2016. Sign up for your complimentary report on EDR at:
Shares in Atlanta, Georgia-based Post Properties Inc. ended the day 0.49% higher at $65.12, with a total trading volume of 529,529 shares. The stock has gained 3.32% in the previous three months and 12.64% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 0.13% and 9.07%, respectively. Furthermore, shares of Post Properties, which primarily develops, owns, and manages multi-family apartment communities, have an RSI of 54.10.
On October 3rd, 2016, Post Properties announced that it will release its Q3 2016 earnings after the market closes on October 31st, 2016, and hold its quarterly conference call on November 1st, 2016 at 10:00 a.m. ET. Download the research report for free on PPS 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
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:
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