NEW YORK, July 22, 2016 /PRNewswire/ --
Today's focus is directed on the Financial sector which has substantially improved but continues to grapple with market volatility and regulatory pressures. Companies in this space are exploring all avenues in order to keep their operations buoyant and stay ahead of the competition. Under review on Stock-Callers.com are CoreSite Realty Corp. (NYSE: COR), Washington Real Estate Investment Trust (NYSE: WRE), Mid-America Apartment Communities Inc. (NYSE: MAA), and Post Properties Inc. (NYSE: PPS). Learn more about these stocks by accessing their free notes at:
On Thursday, Denver, Colorado headquartered CoreSite Realty Corp.'s stock recorded a trading volume of 367,671 shares, and ended the session 0.83% lower at $84.58. The Company's shares have gained 20.04% in the previous three months and 50.28% on an YTD basis. The stock is trading 3.13% above its 50-day moving average and 26.95% above its 200-day moving average. Moreover, shares of CoreSite Realty, which engages in the ownership, acquisition, construction, and management of data centers, have a Relative Strength Index (RSI) of 49.14.
On June 23rd, 2016, CoreSite Realty announced a distribution agreement with Ingram Micro Inc., a Fortune 100 company that delivers a full spectrum of global technology and supply chain services to businesses around the world. Ingram Micro will now offer CoreSite's data center services and solutions to tens of thousands of channel partners throughout the U.S. and Canada.
On July 21st, 2016, research firm SunTrust initiated a 'Buy' rating, issuing a target price of $100 on the Company's stock. Free notes on COR is available at:
Washington Real Estate Investment Trust
Rockville, Maryland-based Washington Real Estate Investment Trust's stock closed the day 0.33% higher at $33.09 and with a total volume of 396,186 shares traded. The Company's shares have advanced 9.97% in the past month, 16.80% over the previous three months, and 24.88% since the start of this year. The stock is trading 9.30% above its 50-day moving average and 20.39% above its 200-day moving average. Additionally, shares of Washington Real Estate Investment Trust, which engages in the ownership, operation, and development of real properties, have an RSI of 79.55.
On June 27th, 2016, the company announced that it has completed the first sale transaction of its suburban Maryland office portfolio comprising approximately 692,000 square feet for aggregate sales proceeds of $111.5 million. The first sale transaction included 6110 Executive Boulevard, West Gude Drive, Wayne Plaza and 600 Jefferson Plaza. Washington Real Estate Investment Trust's remaining Maryland office assets (51 Monroe and One Central Plaza) are also under contract to be sold. This additional sale is expected to close late in the third quarter of 2016. The complimentary notes on WRE can be accessed at:
Mid-America Apartment Communities
Shares in Memphis, Tennessee-based Mid-America Apartment Communities Inc. recorded a trading volume of 394,849 shares and ended yesterday's trading session 0.28% lower at $105.71. The stock has advanced 4.67% in the past month, 11.38% in the previous three months, and 19.33% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 3.41% and 13.73%, respectively. Furthermore, shares of Mid-America Apartment Communities, which invests in the real estate markets of the U.S., have an RSI of 55.89.
Under notes filed with the SEC on June 16th, 2016, Mid-America Apartment Communities, filed an Exhibit 99.1, a description of certain material U.S. federal income tax considerations related to the taxation of the Company as a real estate investment trust, or REIT, and the ownership and disposition of shares of the Company's common stock, par value $0.01 per share. As stated in the filing, the description contained in Exhibit 99.1 to the Current Report on Form 8-K replaces and supersedes all prior descriptions of the U.S. federal income tax considerations related to the taxation of the Company as a REIT and the ownership and disposition of shares of the Company's common stock.
On July 15th, 2016, research firm KeyBanc Capital Markets upgraded the Company's stock ratings from 'Sector Weight' to 'Overweight'. Visit us today and access our complete notes on MAA at:
Atlanta, Georgia-based Post Properties Inc.'s stock finished Thursday's session 0.72% higher at $62.85 with a total volume of 368,897 shares traded. The Company's shares have advanced 7.57% in the last one month, 11.33% over the previous three months, and 7.96% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.12% and 8.63%, respectively. Additionally, shares of Post Properties have an RSI of 73.79.
On July 06th, 2016, Post Properties announced that it will release its second quarter earnings after the market closes on August 01st, 2016, and hold its quarterly conference call on August 02nd, 2016, at 10:00 a.m. ET. Get free access to your notes on PPS at:
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