NEW YORK, July 26, 2016 /PRNewswire/ --
The Financial sector continues to see substantial improvements, but investors can expect disruptions to persist. In order to keep pace with market conditions, firms are constantly improving their operating models and reshaping themselves. Stock-Callers.com looks at the following equities and see if opportunities are ahead: General Growth Properties Inc (NYSE: GGP), Equity Commonwealth (NYSE: EQC), Boston Properties Inc. (NYSE: BXP), and Government Properties Income Trust (NASDAQ: GOV). Learn more about these stocks by accessing their freenotes at:
General Growth Properties
Shares in Chicago, Illinois-based General Growth Properties Inc ended Monday's session at $31.80, gaining 0.41%. The stock recorded a trading volume of 3.24 million shares. The Company's shares have advanced 9.66% in the last one month, 10.92% in the previous three months, and 16.87% since the start of this year. The stock is trading 11.08% above its 50-day moving average and 14.36% above its 200-day moving average. Moreover, shares of General Growth Properties, which invests in the real estate markets of the U.S., have a Relative Strength Index (RSI) of 85.19.
As per the notes filed with the Sec on July 21st, 2016, General Growth Properties' Board of Directors approved a revision to the Bylaws to delete the provision specifying that directors are removable only for cause effective as of July 20th, 2016. The Board also adopted an amendment to the Charter to provide that directors are removable with or without cause. The Charter amendment will not be effective unless it is approved by stockholders, which the Board directed to be proposed at the Company's next stockholder meeting. See our complete notes on GGP at:
Chicago, Illinois-based Equity Commonwealth's stock saw a slight decline of 0.27%, closing the day at $29.37 with a total volume of 577,586 shares traded. The Company's shares have advanced 0.96% in the last month, 7.98% over the previous three months, and 5.91% on an YTD basis. The stock is trading 1.40% and 5.06% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Equity Commonwealth, which invests in the real estate markets across U.S., have an RSI of 52.13.
On July 11th, 2016, Equity Commonwealth announced that its Board of Trustees declared dividends on the company's Series D Preferred Shares. A quarterly dividend of $0.40625 per Series D Preferred Share will be paid on August 15th, 2016 to shareholders of record on July 29th, 2016, for the period from May 15th, 2016, to August 14th, 2016. EQC free notes are just a click away at:
On Monday, Boston, Massachusetts-based Boston Properties Inc.'s stock recorded a trading volume of 429,147 shares, and ended the day 0.11% higher at $139.07. The Company's shares have gained 7.55% in the past month, 7.53% in the previous three months, and 10.18% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.46% and 12.71%, respectively. Furthermore, shares of Boston Properties, which engages in the ownership and development of office properties, have an RSI of 73.91.
On July 07th, 2016, Boston Properties announced that it has completed the previously announced acquisition of a 49.8% interest in an existing joint venture with Teachers Insurance and Annuity Association ("TIAA") that owns the fee interests in Colorado Center in Santa Monica, California for an aggregate gross purchase price of approximately $511.1 million, or approximately $503.6 million net of credits for free rent, unfunded leasing costs and other adjustments. Boston Properties has a 49.8% interest in the property and will be the managing partner of the joint venture with TIAA.
On July 25th, 2016, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'.Sign up for your complimentary notes on BXP at:
Government Properties Income Trust
Newton, Massachusetts-based Government Properties Income Trust's stock rose 0.09%, finishing yesterday's session at $23.12 and with a total volume of 546,886 shares traded. The Company's shares have advanced 10.78% in the last one month, 26.68% in the previous three months, and 54.00% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 9.02% and 35.95%, respectively. Additionally, shares of Government Properties Income Trust, which is an equity real estate investment trust launched and managed by REIT Management & Research LLC, have an RSI of 57.83.
On July 13th, 2016, Government Properties Income Trust announced a regular quarterly cash distribution on its common shares of $0.43 per common share ($1.72 per share per year). This distribution will be paid to GOV's common shareholders of record as of the close of business on July 22nd, 2016, and distributed on or about August 22nd, 2016.
On July 19th, 2016, research firm Jefferies downgraded the Company's stock rating from 'Hold' to 'Underperform'.Register for free on Stock-Callers.com and access the latest notes on GOV at:
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