NEW YORK, October 14, 2016 /PRNewswire/ --
Today, Stock-Callers.com takes a look at the following Office REITs: Digital Realty Trust Inc. (NYSE: DLR), Equity Commonwealth (NYSE: EQC), Boston Properties Inc. (NYSE: BXP), and Government Properties Income Trust (NASDAQ: GOV). These real estate investment trusts own institutional-quality office assets, which are often concentrated in major metropolitan cities. According to an article on the NASDAQ, healthy growth in demand for office spaces is expected due to an improved economy and a recovery in the job market. Register now and get full and free access to our downloadable research reports on these stocks at:
Digital Realty Trust
On Thursday, shares in San Francisco, California headquartered Digital Realty Trust Inc. recorded a trading volume of 1.22 million shares. The stock ended the day at $94.58, climbing 1.35%. The Company's shares have gained 2.75% in the last one month and 28.65% on an YTD basis. The stock is trading above its 200-day moving average by 3.81%. Furthermore, shares of Digital Realty Trust, which through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate, have a Relative Strength Index (RSI) of 48.70.
On September 29th, 2016, Digital Realty, a leading global provider of data center, colocation and interconnection solutions, announced that it will release its financial results for Q3 2016 after the market closes on October 27th, 2016. The company will host a conference call to discuss these results at 5:30 p.m. EDT on October 27th, 2016. Access our complete research report on DLR for free at:
Chicago, Illinois-based Equity Commonwealth's stock finished yesterday's session 1.59% higher at $30.65. A total volume of 991,556 shares was traded, which was above their three months average volume of 935,240 shares. The Company's shares have gained 2.71% in the last one month, 4.46% over the previous three months, and 10.53% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.76% and 7.13%, respectively. Furthermore, shares of Equity Commonwealth, which invests in the real estate markets across US, have an RSI of 56.63.
On September 30th, 2016, research firm RBC Capital Markets upgraded the Company's stock rating from 'Underperform' to 'Sector Perform'. The research firm also revised upwards its previous target price from $28 to $32.
On October 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 November 15th, 2016 to shareholders of record on October 28th, 2016 for the period from August 15th, 2016 to November 14th, 2016. The complimentary research report on EQC can be downloaded at:
At the closing bell on Thursday, shares in Massachusetts-based Boston Properties Inc. rose 0.45%, ending the day at $128.76. The stock recorded a trading volume of 1.10 million shares, which was above its three months average volume of 643,350 shares. The Company's shares have advanced 2.49% since the start of this year. The stock is trading 0.88% above its 200-day moving average. Moreover, shares of Boston Properties, which together with its subsidiaries, engages in the ownership and development of office properties, have an RSI of 32.68.
On October 13th, 2016, Boston Properties announced that on October 14th, 2016, Salesforce Tower will officially be the tallest building in San Francisco. Soaring to new heights - Salesforce Tower surpasses the famous Transamerica Pyramid at 853 feet when it reaches 867 feet. The building will continue to grow another 200 feet until it reaches 1,070 feet, at which time it will be the tallest office building west of Chicago. Construction for the Salesforce Tower began in 2013. The building features approximately 7,000 square feet of rentable retail space on both the ground and fifth floors. Register for free on Stock-Callers.com and get access to the latest PDF format report on BXP at:
Government Properties Income Trust
Newton, Massachusetts-based Government Properties Income Trust's stock ended the day 1.31% higher at $20.84 and with a total trading volume of 512,371 shares. The Company's shares have gained 38.81% on an YTD basis. The stock is trading 8.76% above its 200-day moving average. Additionally, shares of Government Properties Income Trust, which invests in the real estate markets of US, have an RSI of 35.27.
On October 11th, 2016, the company 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 the company's common shareholders of record as of the close of business on October 21, 2016 and distributed on or about November 21st, 2016. Download your free research report on GOV at:
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