Morning Technical Insight on These REIT Stocks -- Lamar Advertising, Brandywine Realty Trust, RAIT Financial Trust, and STORE Capital
NEW YORK, Dec. 4, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on LAMR, BDN, RAS, and STOR which is a click away at www.wallstequities.com/registration. Seeking Alpha reported that REIT share prices are in discount territory and property prices are high, making new equity acquisitions expensive. It further noted that 2018 looks set to be a year of consolidation and refinancing rather than one of new acquisitions; industry consolidation through M&A should be expected over new capital deployment. For today, WallStEquities.com dedicates attention to four Diversified REIT equities, namely: Lamar Advertising Co. (REIT) (NASDAQ: LAMR), Brandywine Realty Trust (NYSE: BDN), RAIT Financial Trust (NYSE: RAS), and STORE Capital Corp. (NYSE: STOR). In its free research reports, Wall St. Equities offers timely insights on these equities at:
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Lamar Advertising
Shares in Baton Rouge, Louisiana headquartered Lamar Advertising Co. (REIT) ended Friday's session 0.77% higher at $75.81 with a total trading volume of 345,161 shares. The stock has advanced 9.49% in the last month, 14.02% over the previous three months, and 12.75% on an YTD basis. The Company's shares are trading 7.05% above their 50-day moving average and 6.61% above their 200-day moving average. Moreover, shares of Lamar Advertising, which engages in selling advertising space on billboards, buses, shelters, benches, and logo plates, have a Relative Strength Index (RSI) of 61.12.
On November 28th, 2017, Lamar Advertising announced that its Board of Directors has declared a quarterly cash dividend of $0.83 per share, payable on December 29th, 2017, to stockholders of record of the Company's Class A common stock and Class B common stock on December 18th, 2017. Subject to the approval of its board of directors, the Company expects to make regular quarterly distributions to stockholders in 2018 in an aggregate annual amount of $3.65 per share, a 10% increase over the aggregate distributions paid or to be paid in 2017 of $3.32. Today's daily Complimentary report on LAMR is accessible at:
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Brandywine Realty Trust
Radnor, Pennsylvania-based Brandywine Realty Trust's shares closed the day flat at $17.23. A total volume of 738,103 shares was traded. The stock has advanced 4.36% on an YTD basis. The Company's shares are trading 0.91% above their 200-day moving average. Additionally, shares of the Company, which invests in real estate markets of the US, have an RSI of 38.23.
On November 17th, 2017, Brandywine Realty Trust announced that its operating partnership, Brandywine Operating Partnership, L.P. (the "Operating Partnership"), intends to redeem all of the outstanding 4.95% Guaranteed Notes due 2018 (the "Notes") issued by the Operating Partnership and not purchased pursuant to its previously announced tender offer for such Notes. The redemption date will be December 18th, 2017. To experience our free membership services anytime/ anywhere and access the free report on BDN, click to register at:
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RAIT Financial Trust
Last Friday, shares in Philadelphia, Pennsylvania-based RAIT Financial Trust plummeted 7.35%, closing the session at $0.31. The stock recorded a trading volume of 2.24 million shares, which was higher than its three months average volume of 1.46 million shares. The Company's shares are trading 39.88% below their 50-day moving average. Furthermore, shares of the Company, which operates as a self-managed and self-advised REIT, have an RSI of 27.75.
On November 09th, 2017, RAIT Financial Trust announced that it has posted its Quarterly Report on Form 10-Q for the period ending September 30th, 2017 under the "SEC Filings" section of the Company's Investor Relations website. Join our big investor community at Wall St. Equities today and start so with your free report on RAS at:
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STORE Capital
Scottsdale, Arizona-based STORE Capital Corp.'s stock finished the session 0.43% higher at $25.93. A total volume of 1.54 million shares was traded, which was above their three months average volume of 1.48 million shares. The Company's shares have advanced 4.98% in the last month, 1.45% over the previous three months, and 4.94% on YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.87% and 8.93%, respectively. Additionally, shares of STORE Capital, which invests in single-tenant properties including chain restaurants, supermarkets, drugstores and other retail, service and distribution facilities, have an RSI of 54.18. Know more about STOR in our free research coverage at:
www.wallstequities.com/registration/?symbol=STOR
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