Initiating Research Reports on REIT Equities -- CubeSmart, Duke Realty, Public Storage, and STAG Industrial
NEW YORK, Nov. 8, 2017 /PRNewswire/ -- If you want a Stock Review on CUBE, DRE, PSA, or STAG then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. DailyStockTracker.com has initiated research coverage on CubeSmart (NYSE: CUBE), Duke Realty Corp. (NYSE: DRE), Public Storage (NYSE: PSA), and STAG Industrial Inc. (NYSE: STAG). Industrial REITs own and manage industrial facilities, and rent space in those properties to tenants. They play an important part in ecommerce and are helping to meet the rapid delivery demand. This morning's free research reports on the aforesaid equities are available upon registration on DailyStockTracker.com at:
http://dailystocktracker.com/register/
CubeSmart
Malvern, Pennsylvania-based CubeSmart's stock finished Tuesday's session 0.88% higher at $28.75. A total volume of 2.14 million shares was traded, which was above their three months average volume of 1.56 million shares. The Company's shares have advanced 9.82% in the past month, 17.44% over the previous three months, and 7.40% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 9.93% and 12.69%, respectively. Furthermore, shares of CubeSmart, which invests in the real estate markets of the US, have a Relative Strength Index (RSI) of 77.25.
On October 26th, 2017, CubeSmart announced its operating results for the three months ended September 30th, 2017. Net income for Q3 2017 was $37.3 million, EPS was $0.21, and adjusted FFO were $77.2 million. As of September 30th, 2017, the Company's total owned portfolio included 480 stores containing 33.4 million rentable square feet and had a physical occupancy of 91.9%. Visit us today and access our complete research report on CUBE at:
http://dailystocktracker.com/registration/?symbol=CUBE
Duke Realty
Shares in Indianapolis, Indiana headquartered Duke Realty Corp. ended at $28.98, up 0.21% from the last trading session. The stock recorded a trading volume of 2.00 million shares, which was above its three months average volume of 1.96 million shares. The Company's shares have gained 1.61% in the previous three months and 9.11% on an YTD basis. The stock is trading 4.35% above its 200-day moving average. Moreover, shares of Duke Realty have an RSI of 50.28.
On October 30th, 2017, Duke Realty announced that David P. Stockert has been named to its Board of Directors. Mr. Stockert is a director of Mid-America Apartment Communities, a REIT that owns and operates more than 100,000 apartment units in the Southeast and Southwest regions of the United States. He was previously Chief Executive Officer, President and Director of Post Properties, another multifamily housing REIT that was acquired by Mid-America Apartment Communities in 2016. The complimentary report on DRE can be downloaded at:
http://dailystocktracker.com/registration/?symbol=DRE
Public Storage
Glendale, California-based Public Storage's stock ended yesterday's session 1.04% higher at $211.49. A total volume of 880,191 shares was traded, which was above their three months average volume of 809,570 shares. The Company's shares have advanced 5.28% over the previous three months. The stock is trading 0.15% below its 50-day moving average. Additionally, shares of Public Storage have an RSI of 50.72.
On October 30th, 2017, Public Storage announced that it opened nearly 900 storage units on October 27th, 2017 at a sleek new self-storage facility in the fast-growing region of North Dallas. The construction project is part of the Company's ongoing effort to expand options for storage in Plano and provide needed space near Dallas. This is the ninth Public Storage in Plano. Register for free on DailyStockTracker.com and access the latest research report on PSA at:
http://dailystocktracker.com/registration/?symbol=PSA
STAG Industrial
On Tuesday, shares in Boston, Massachusetts-based STAG Industrial Inc. recorded a trading volume of 688,027 shares, which was above their three months average volume of 568,200 shares. The stock finished 0.14% lower at $28.45. The Company's shares have advanced 1.50% in the last one month, 6.32% in the previous three months, and 19.19% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.78% and 6.76%, respectively. Furthermore, shares of STAG Industrial, which focuses on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the US, have an RSI of 59.43.
On November 02nd, 2017, STAG Industrial announced its financial and operating results for Q3 2017. Net income for Q3 2017 was $18.5 million, core FFO was $42.0 million, and cash net operating income was $62.0 million. As of September 30th, 2017, the Company had liquidity of $360 million, and the net debt to annualized adjusted run rate EBITDA was 5.0x. Get free access to your research report on STAG at:
http://dailystocktracker.com/registration/?symbol=STAG
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