How These REIT Stocks are Faring? -- American Tower, Global Net Lease, Vornado Realty Trust, and Invesco Mortgage Capital
NEW YORK, October 7, 2016 /PRNewswire/ --
This morning, Stock-Callers.com takes notice of the Real Estate Investment Trust (REIT) sector which remains an attractive place for investors seeking high dividend yields, steady growing payouts, portfolio diversification, and an attractive income stream. Four Diversified REITs have been lined up for close review: American Tower Corp. (NYSE: AMT), Global Net Lease Inc. (NYSE: GNL), Vornado Realty Trust (NYSE: VNO), and Invesco Mortgage Capital Inc. (NYSE: IVR). Register now and get full and free access to our downloadable research reports on these stocks at:
http://stock-callers.com/registration
American Tower
Boston, Massachusetts headquartered American Tower Corp.'s stock finished Thursday's session at $108.51, up 1.00%. A total volume of 2.90 million shares was traded, which was above their three months average volume of 1.90 million shares. The Company's shares have gained 13.58% since the start of this year. The stock is trading above its 200-day moving average by 4.59%. Moreover, shares of American Tower, which engages in leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries, have a Relative Strength Index (RSI) of 39.80.
On September 13th, 2016, research firm SunTrust initiated a 'Buy' rating on the Company's stock, issuing a target price of $128 per share.
As per notes filed with the SEC, on September 30th, 2016, American Tower completed a registered public offering of $600.0 million aggregate principal amount of its 2.250% senior unsecured notes due 2022 and $400.0 million aggregate principal amount of its 3.125% senior unsecured notes due 2027, which resulted in aggregate net proceeds to the Company of approximately $990.6 million. The Company intends to use all of the net proceeds to repay existing indebtedness under its term loan entered into in October 2013. The 2022 notes will mature on January 15th, 2022 and bear interest at a rate of 2.250% per annum. The 2027 notes will mature on January 15th, 2027 and bear interest at a rate of 3.125% per annum. Access our complete research report on AMT for free at:
http://stock-callers.com/registration/?symbol=AMT
Global Net Lease
Shares in New York-based Global Net Lease Inc. ended yesterday's session 0.13% higher at $7.71, with a total trading volume of 397,756 shares. The stock has gained 4.24% on an YTD basis. The Company's shares are trading 1.71% below their 200-day moving average. Moreover, shares of Global Net Lease, which invests in the real estate markets across the globe, have an RSI of 36.61.
On September 28th, 2016, Global Net Lease announced that on October 14th, 2016, November 15th, 2016, and December 15th, 2016, the company will pay a dividend of $0.059166667 per share to stockholders of record at the close of business on October 7th, 2016, November 8th, 2016, and December 8th, 2016, respectively. The complimentary research report on GNL can be downloaded at:
http://stock-callers.com/registration/?symbol=GNL
Vornado Realty Trust
On Thursday, New York City-based Vornado Realty Trust's stock rose 0.38%, to close the day at $96.50. A total volume of 1.00 million shares was traded, which was above their three months average volume of 811,860 shares. The Company's shares are trading 1.04% above their 200-day moving average. Additionally, shares of Vornado Realty Trust, which in the real estate markets of the US, have an RSI of 32.34.
On September 07th, 2016, Vornado Realty Trust announced that it has completed a $675 million refinancing of the MART in Chicago. The five-year interest-only loan matures in September 2021 and has a fixed rate of 2.70%. The company realized net proceeds of approximately $124 million after repaying the existing 5.57% $550 million loan and closing costs. Register for free on Stock-Callers.com and get access to the latest PDF format report on VNO at:
http://stock-callers.com/registration/?symbol=VNO
Invesco Mortgage Capital
Shares in Atlanta, Georgia headquartered Invesco Mortgage Capital Inc. ended the day 0.90% lower at $14.34. A total volume of 976,668 shares was traded, which was above their three months average volume of 734,580 shares. The stock has gained 7.91% in the previous three months and 26.15% since the start of this year. The Company's shares are trading above their 200-day moving average by 12.76%. Furthermore, shares of Invesco Mortgage Capital, which focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans have an RSI of 32.95.
As per notes filed with the SEC on September 22nd, 2016, the company announced that Richard J. King, who serves as Chief Executive Officer and President of IVR, will retire on March 1st, 2017. John Anzalone, currently the chief investment officer of the company will assume the role of CEO. Rob Kuster, currently chief operating officer of Invesco Mortgage Capital, will assume the role of president. Download your free research report on IVR at:
http://stock-callers.com/registration/?symbol=IVR
--
Stock Callers:
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 [email protected]. 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.
NO WARRANTY
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
http://stock-callers.com/legal-disclaimer/
CONTACT
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:
Email: [email protected]
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
Share this article