NEW YORK, November 15, 2016 /PRNewswire/ --
Today, Stock-Callers.com highlights four Retail REITs, namely: The Macerich Co. (NYSE: MAC), SL Green Realty Corp. (NYSE: SLG), Equity One Inc. (NYSE: EQY), and Pennsylvania Real Estate Investment Trust (NYSE: PEI). These real estate investment trusts belong to the Financials sector, which continued to advance on Monday, November 14th, 2016, with the NYSE Financial Sector Index climbing nearly 2.1%, and financial companies in the S&P 500 Index rising just under 1.6%. Register now and get full and free access to our downloadable research reports on these stocks at:
Santa Monica, California headquartered The Macerich Co.'s stock finished Monday's session 3.21% higher at $72.04. A total volume of 995,867 shares was traded, which was above their three months average volume of 885,720 shares. The Company's shares are trading 5.18% below their 50-day moving average. Additionally, shares of Macerich, which invests in the real estate markets of the US, have a Relative Strength Index (RSI) of 50.26.
On November 7th, 2016, research firm Mizuho upgraded the Company's stock rating from 'Neutral' to 'Buy', issuing a target price of $84 per share.
On November 14th, 2016, Macerich announced new common area locations across its portfolio for WithMe. WithMe is the on-demand retail store platform for brands to feature limited-time collections and exclusive products with a customer experience that blends the best of traditional and online shopping. Access our complete research report on MAC for free at:
SL Green Realty
On Monday, shares in New York-based SL Green Realty Corp. recorded a trading volume of 1.71 million shares, which was higher than their three months average volume of 801,660 shares. The stock ended the session 3.75% higher at $107.39. The Company's shares have advanced 2.21% in the last one month. The stock is trading 1.56% above its 50-day moving average and 5.21% above its 200-day moving average. Moreover, shares of SL Green Realty, which engages in the property management, acquisitions, financing, development, construction, and leasing, have an RSI of 63.91.
On October 20th, 2016, SL Green Realty Corp. announced that two tenants have signed leases totaling 111,342 square feet at 55 W. 46th St., also known as Tower 46, the 34-story office tower jointly owned by SL Green and Prudential Real Estate Investors. Prominent law firm Nixon Peabody LLP signed a 15-year lease covering 66,297 square feet for floors 23-25 and Comcast Cable Communications Management LLC, a subsidiary of Comcast Corporation which develops, manages, and operates broadband communication networks, signed a 10-year lease covering 45,045 square feet on the building's top two floors.
On October 25th, 2016, research firm Deutsche Bank reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $131 a share to $126 a share. The complimentary research report on SLG can be downloaded at:
Shares in New York-based Equity One Inc. closed the day 2.24% higher at $27.87. The stock recorded a trading volume of 987,253 shares, which was higher than its three months average volume of 698,130 shares. The Company's shares have gained 4.99% on an YTD basis. The stock is trading 4.88% below its 200-day moving average. Additionally, shares of Equity One, which owns, manages, acquires, develops and redevelops shopping centers and retail properties, have an RSI of 44.85.
On November 14th, 2016, Regency Centers Corp. and Equity One announced that they have entered into a definitive merger agreement under which Equity One will merge with and into Regency, with Regency continuing as the surviving public company and creating the pre-eminent shopping center REIT. The combined company is expected to have a pro-forma equity market capitalization of approximately $11.7 billion and a total market capitalization of $15.6 billion, making it the largest REIT by equity value in the shopping center index. Register for free on Stock-Callers.com and get access to the latest PDF format report on EQY at:
At the close, shares in Philadelphia, Pennsylvania-based Pennsylvania REIT ("PREIT") ended at $20.33, gaining 2.52%. The stock recorded a trading volume of 739,457 shares, which was higher than its three months average volume of 571,220 shares. The Company's shares are trading below their 200-day moving average by 6.19%. Furthermore, shares of Pennsylvania REIT, which manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern US, have an RSI of 50.88.
On November 14th, 2016, PREIT announced it has executed leases with two exciting retailers - ULTA Beauty and DSW - as part of its $30 million remerchandising and renovation program at Mall at Prince Georges in suburban Washington, D.C. An 11,000-square foot ULTA Beauty, and a 16,000-square foot DSW location are scheduled to open in Q2 2018. Download your free research report on PEI at:
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