How These REIT Stocks are Faring? -- Gaming and Leisure Properties, STORE Capital, Blackstone Mortgage Trust, and Lamar Advertising
NEW YORK, September 21, 2016 /PRNewswire/ --
This morning, Stock-Callers.com takes notice of the following Diversified REITs: Gaming and Leisure Properties Inc. (NASDAQ: GLPI), STORE Capital Corp. (NYSE: STOR), Blackstone Mortgage Trust Inc. (NYSE: BXMT), and Lamar Advertising Co. (NASDAQ: LAMR). Following an impressive first seven months, REITs underperformed the S&P 500 Index by 3.4% in August 2016 due to economic data and talks of interest rate hike. However, the asset class is still up 14.2% YTD and over 600 bps ahead of broader equities. Register now and get full and free access to our downloadable research reports on these stocks at:
http://stock-callers.com/registration
Gaming and Leisure Properties
Gaming and Leisure Properties Inc.'s stock finished Tuesday's session 0.06% higher at $33.02, with a total trading volume of 1.01 million shares. The Company's shares have advanced 25.63% on an YTD basis. The stock is trading above its 200-day moving average by 9.22%. Furthermore, shares of Gaming and Leisure Properties, engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements, have a Relative Strength Index (RSI) of 39.31.
On September 7th, 2016, research firm Morgan Stanley upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'.
On September 12th, 2016, the company announced the closing of its previously-announced transaction to acquire The Meadows Racetrack and Casino located in Washington, Pennsylvania from Cannery Casino Resorts, LLC for $440 million, inclusive of $10 million previously paid, plus other transaction related fees and expenses. The company concurrently closed on the sale of the entities holding the gaming licenses and operating assets to Pinnacle Entertainment for $138 million and entered into a 29 year triple net lease agreement, with initial annual rent of $25.4 million. Access our complete research report on GLPI for free at:
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STORE Capital
On Tuesday, shares in Scottsdale, Arizona-based STORE Capital Corp. ended the session at $29.16, up 0.14%. The stock recorded a trading volume of 1.26 million shares. The company's shares have gained 8.41% in the previous three months and 28.27% since the start of this year. The stock is trading 11.84% above its 200-day moving average. Moreover, shares of STORE Capital, which invests in the real estate markets, have an RSI of 46.81.
On September 6th, 2016, STORE Capital announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.29 per share. On an annualized basis, this dividend of $1.16 per common share represents an increase of $0.08 per share over the previous annualized dividend. The Q3 dividend will be paid on October 17th, 2016 to STORE Capital's stockholders of record as of the close of business on September 30th, 2016. The complimentary research report on STOR can be downloaded at:
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Blackstone Mortgage Trust
New York headquartered Blackstone Mortgage Trust Inc.'s stock ended yesterday's session 0.27% lower at $29.56, with a total trading volume of 493,093 shares. The company's shares have advanced 2.18% in the past month, 8.19% in the previous three months, and 15.75% on an YTD basis. The stock is trading 2.07% above its 50-day moving average and 11.65% above its 200-day moving average. Additionally, shares of Blackstone Mortgage Trust, which originates and purchases senior loans collateralized by properties in North America and Europe, have an RSI of 55.46.
On September 13th, 2016, the company declared a dividend of $0.62 per share of class A common stock with respect to Q3 2016. The dividend is payable on October 14th, 2016 to stockholders of record as of the close of business on September 30th, 2016. Register for free on Stock-Callers.com and get access to the latest PDF format report on BXMT at:
http://stock-callers.com/registration/?symbol=BXMT
Lamar Advertising
At the close on Tuesday, shares in Baton Rouge, Louisiana headquartered Lamar Advertising Co. recorded a trading volume of 1.98 million shares, which was above their three months average volume of 584,490 shares. The stock finished 4.21% higher at $63.63. The Company's shares have gained 4.73% in the last one month, 2.03% over the previous three months, and 10.08% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.06% and 6.46%, respectively. Furthermore, shares of Lamar Advertising, which primarily engages in selling advertising space on billboards, buses, shelters, benches, and logo plates, have an RSI of 57.23.
On August 29th, 2016, Lamar Advertising announced that its board of directors has declared a quarterly cash dividend of $0.76 per share payable on September 30th, 2016 to stockholders of record of Lamar's Class A common stock and Class B common stock on September 16th, 2016.
On September 13th, 2016, research firm Loop Capital initiated a 'Buy' rating on the Company's stock, issuing a target price of $82 per share. Download your free research report on LAMR at:
http://stock-callers.com/registration/?symbol=LAMR
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