NEW YORK, March 16, 2017 /PRNewswire/ --
Pre-market today, Stock-Callers.com covers the Residential REITs space, focusing on the recent performances of Two Harbors Investment Corp. (NYSE: TWO), New York Mortgage Trust Inc. (NASDAQ: NYMT), Monogram Residential Trust Inc. (NYSE: MORE), and AvalonBay Communities Inc. (NYSE: AVB). These real estate investment trusts operate in the Financials sector, which ended mixed on Wednesday, March 15th, 2017, with the NYSE Financials Sector Index advancing about 0.4%, while Financials companies in the S&P 500 Index were losing about 0.1% in late afternoon trading. Register now and get full and free access to our downloadable research reports on these stocks at:
Two Harbors Investment
New York headquartered Two Harbors Investment Corp.'s stock finished Wednesday's session 3.37% higher at $9.51. A total volume of 3.84 million shares was traded, which was above their three months average volume of 2.40 million shares. The Company's shares have advanced 6.38% in the past month, 8.32% in the previous three months, and 9.06% since the start of this year. The stock is trading 5.96% above its 50-day moving average and 12.72% above its 200-day moving average. Additionally, shares of Two Harbors Investment, which operates as REIT that focuses on investing in, financing, and managing residential mortgage-backed securities, mortgage servicing rights, commercial real estate assets, and other financial assets in the US, have a Relative Strength Index (RSI) of 69.51.
On March 14th, 2017, Two Harbors Investment declared a quarterly dividend of $0.25 per share of common stock for Q1 2017. This dividend is payable on April 27th, 2017, to common stockholders of record at the close of business on March 31st, 2017. Access our complete research report on TWO for free at:
New York Mortgage
On Wednesday, shares in New York City, New York headquartered New York Mortgage Trust Inc. recorded a trading volume of 1.12 million shares, which was above their three months average volume of 1.11 million shares. The stock ended the session 2.88% higher at $6.44. The Company's shares are trading 2.21% above their 200-day moving average. Moreover, shares of New York Mortgage Trust, which acquires, invests in, finances, and manages mortgage-related and residential housing-related, and financial assets in the US, have an RSI of 50.52.
On February 21st, 2017, New York Mortgage Trust for Q4 2016 reported net income attributable to common stockholders of $9.7 million, a decrease of $10.4 million from Q3 2016, primarily due to lower other income in the fourth quarter as a result of reduced sales activity in the Company's distressed residential loan portfolio and a decrease in income earned from its investments in unconsolidated entities. The portfolio generated net interest income of $14.8 million and portfolio net interest margin of 263 basis points, a decrease of $0.7 million and 19 basis points, respectively, from Q3 2016. The complimentary research report on NYMT can be downloaded at:
Plano, Texas-based Monogram Residential Trust Inc.'s shares closed the day 1.91% higher at $10.14. The stock recorded a trading volume of 989,235 shares, which was above its three months average volume of 918,100 shares. The Company's shares are trading 1.23% below their 200-day moving average. Additionally, shares of Monogram Residential Trust, which invests in the real estate markets of US, have an RSI of 47.04.
On March 10th, 2017, Monogram Residential announced that its board of directors authorized a cash dividend of $0.075 per share on common stock for Q1 2017. The dividend will be payable on April 07th, 2017, to shareholders of record at the close of business on March 31st, 2017. Register for free on Stock-Callers.com and get access to the latest PDF format report on MORE at:
Shares in Arlington, Virginia-based AvalonBay Communities Inc. finished 2.76% higher at $183.57. The stock recorded a trading volume of 1.02 million shares, which was above its three months average volume of 710,990 shares. The Company's shares have advanced 2.81% in the last one month, 8.56% in the previous three months, and 3.62% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.17% and 5.81%, respectively. Furthermore, shares of AvalonBay Communities, which engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the US, have an RSI of 59.80.
On March 14th, 2017, AvalonBay Communities announced its contribution of $35,000 to the Arlington Partnership for Affordable Housing (APAH). Since 2015, including this latest donation, the Company has contributed $85,000 to support APAH's mission of helping lower income families secure affordable housing in Arlington. Download your free research report on AVB at:
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SOURCE Chelmsford Park SA