Before the Bell Scans of Newcastle Investment, Lexington Realty Trust, RAIT Financial Trust, and Cousins Properties
LONDON, March 19, 2013 /PRNewswire/ --
Diversified REITs such as Newcastle Investment Corp. (NYSE: NCT), Lexington Realty Trust (NYSE: LXP), RAIT Financial Trust (NYSE: RAS), and Cousins Properties Inc. (NYSE: CUZ) are expected to benefit from an ongoing recovery in the residential real estate market in the U.S. While the recovery in the commercial real estate market has not been as strong as that in residential market, fundamentals have improved significantly in recent months, which should benefit diversified REITs. However, for REITs such as Newcastle Investment Corp., which invest in mortgages, record low rates remain a concern. REITs ended on a mixed note on Monday even as the broad market fell sharply amid concerns over Cyprus. StockCall has taken an interest in these companies and you can now sign up to download the free technical research on NCT, LXP, RAS, and CUZ at
http://www.stockcall.com/registration
Newcastle Investment Corp. shares edged lower on Monday, tracking losses in the broad market. The stock closed 0.52% lower at $11.50 on volume of 3.75 million. Earlier in the day, the company shares hit a 52-week high of $11.61. Despite the pullback, Newcastle Investment's shares have gained 1.5% in the last three trading sessions. The stock currently has a dividend yield of 7.65%. Technical indicators for the diversified REIT are currently giving strong bullish signals. Sign up today to read the free research report on NCT at
http://www.StockCall.com/NCT031913.pdf
Shares of Lexington Realty Trust also slipped in yesterday's session. The stock ended the day 0.93% lower at $11.77 on volume of 2.23 million, which is close to the daily average volume of 2.27 million. Despite the pullback on Monday, Lexington Realty Trust's shares are trading close to their 52-week high of $12.19. The REIT currently has a dividend yield of 5.10%. Lexington Realty Trust shares currently face resistance at around $12. The stock's MACD has just crossed below the signal line, which is a bearish signal. The bearish trend is further confirmed by recent volume activity. Register to download the free technical analysis on LXP at
http://www.StockCall.com/LXP031913.pdf
Despite Monday's pullback in the broad market, RAIT Financial Trust's shares rallied, finishing the day 5.82% higher at $7.82 on above average volume of 1.44 million. The stock hit a 52-week high of $7.85 yesterday, and has gained more than 7.80% in the last three trading sessions. The company, which currently has a dividend yield of 5.12%, has been one of the best performing REITs so far this year. Year-to-date, it has gained more than 38%, easily outperforming the S&P 500. The stock has just broken through $7.25 resistance level, which is a strong bullish signal. Free report on RAS can be accessed by registering at
http://www.StockCall.com/RAS031913.pdf
Shares of Cousins Properties Inc. struggled for direction in its last trading session. The stock ended flat at $10.33 on volume of 847,516 on Monday. Cousins Properties Inc.'s shares are currently trading close to their 52-week high of $10.39. The stock currently has a dividend yield of 1.74%. The REIT's shares have had an excellent run so far in 2013. Year-to-date, the REIT has gained more than 23%. The stock has seen a series of highs since the start of this year, which is a bullish signal. The bullish trend is further confirmed by recent volume activity. Register with StockCall and download the research on CUZ for free at
http://www.StockCall.com/CUZ031913.pdf
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