Diversified REIT Stocks Technical Report -- American Tower, STORE Capital, Empire State Realty Trust, and Apollo Commercial Real Estate Finance

Aug 01, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, August 1, 2016 /PRNewswire/ --

Despite starting the year on shaky ground, the REITs space continues to perform moderately well. Given that a rate hike would not push through this year, income-minded investors can expect a steady flow of income from several companies. Today, Stock-Callers.com has issued research reports on the following Diversified REITs: American Tower Corp. (NYSE: AMT), STORE Capital Corp. (NYSE: STOR), Empire State Realty Trust Inc. (NYSE: ESRT), and Apollo Commercial Real Estate Finance Inc. (NYSE: ARI). Today's reports on the aforementioned stocks are downloadable for free upon registration at:


American Tower  

Boston, Massachusetts headquartered American Tower Corp.'s stock finished last Friday's session 0.75% lower at $115.77. A total volume of 2.30 million shares traded, which was above their three months average volume of 1.79 million shares. The Company's shares have advanced 2.45% in the past month, 10.93% in the previous three months, and 20.59% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.74% and 15.51%, respectively. Additionally, shares of American Tower, which engages in leasing of space on multi-tenant communications sites, have a Relative Strength Index (RSI) of 57.44.

On July 28th, 2016, American Tower reported financial results for Q2 2016. The company reported that GAAP net income increased 24.4% on y-o-y basis to $160.8 million. American Tower posted total revenue of $1,442.2 million, an increase of 22.8% on y-o-y basis. The company stated that adjusted EBITDA in the reported quarter was $869 million, up 14% on y-o-y basis. During Q2 2016, funds flow from operations totaled $508 million, up 20.3% y-o-y. At the end of Q2, the company had $410.5 million in cash and cash equivalents. Visit us today and access our complete research report on AMT at:


STORE Capital  

On Friday, shares in Scottsdale, Arizona-based STORE Capital Corp. ended the session 1.63% higher at $31.19. The stock recorded a trading volume of 1.66 million shares. The Company's shares have gained 8.56% in the last one month, 22.69% in the previous three months, and 37.20% on an YTD basis. The stock is trading 13.00% above its 50-day moving average and 26.78% above its 200-day moving average. Moreover, shares of STORE Capital, which primarily invests in single-tenant properties including chain restaurants, supermarkets, drugstores and other retail, service and distribution facilities, have an RSI of 83.57.

On July 07th, 2016, STORE Capital announced that it will release its financial results for Q2 2016, before the market opens on August 4th, 2016. A conference call and audio webcast with analysts and investors will be held later that day at 12:00 p.m. Eastern Time to discuss the results and answer questions.

On July 15th, 2016, research firm KeyBanc Capital Markets upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'. The complimentary report on STOR can be downloaded at:


Empire State Realty Trust  

New York-based Empire State Realty Trust Inc.'s stock gained 0.96%, closing the session at $20.99. A total volume of 1.80 million shares was traded, which was higher than their three months average volume of 1.07 million shares. The Company's shares have gained 11.41% in the last one month, 14.02% over the previous three months, and 17.39% on an YTD basis. The stock is trading 8.97% and 17.81% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Empire State Realty Trust have an RSI of 75.20.

On July 20th, 2016, Empire State Realty Trust announced that it has renewed and extended its lease and licenses with Emmis Communications at the Empire State Building for 16 years. Register for free on Stock-Callers.com and access the latest research reports on ESRT at:


Apollo Commercial Real Estate Finance  

On Friday, shares in New York-based Apollo Commercial Real Estate Finance Inc. recorded a trading volume of 786,715 shares, which was above their three months average volume of 689,350 shares. The stock ended the day 0.12% higher at $16.25. The Company's shares have advanced 1.75% in the past month and 2.01% over the previous three months. The stock is trading above its 50-day moving average by 0.28%. Furthermore, shares of Apollo Commercial Real Estate Finance have an RSI of 48.53.

On July 27th, 2016, Apollo Commercial Real Estate Finance, Inc. ("ARI") and Apollo Residential Mortgage, Inc. ("AMTG") announced the aggregate consideration to be paid in connection with the acquisition of AMTG by ARI, which values AMTG as of July 22nd, 2016 at approximately $13.83 per share of common stock. AMTG common stockholders will receive 0.417571 shares of ARI common stock per each share of AMTG common stock and approximately $6.86 per share in cash, based upon AMTG's book value per share of common stock on the Pricing Date of $15.52. Get free access to your research report on ARI at:



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