Pre-Market Technical Pulse on Property Management Stocks -- Washington Prime, CBRE Group, Forest City Realty Trust, and Paramount
Aug 23, 2017, 06:45 ET
NEW YORK, August 23, 2017 /PRNewswire/ --
If you want a Stock Review on WPG, CBG, FCE-A, or PGRE then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. This morning, DailyStockTracker.com evaluates Washington Prime Group Inc. (NYSE: WPG), CBRE Group Inc. (NYSE: CBG), Forest City Realty Trust Inc (NYSE: FCE-A), and Paramount Group Inc. (NYSE: PGRE). Companies in the Property Management industry manage residential and nonresidential real estate for property owners. Property management responsibilities relate to the overall operation of a property, including maintenance, rent collection, trash removal, security, and some renovation activities. Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:
Washington Prime Group
Washington Prime Group Inc.'s stock finished Tuesday's session flat at $8.41 with a total trading volume of 1.40 million shares. The Company's shares have advanced 6.59% in the previous three months. The stock is trading 2.42% below its 50-day moving average. Additionally, shares of Washington Prime, which operates independently of Simon Property Group Inc. as of May 28, 2014, have a Relative Strength Index (RSI) of 43.24.
On August 14th, 2017, Washington Prime announced that its Board of Directors formed a Sustainability Committee to further establish sustainability as a key business driver as it relates to how the Company redevelops and operates its retail properties, conducts business with its guests, engages with its communities, and creates a productive and positive work environment for its associates. WPG complete research report is just a click away at:
On Tuesday, shares in Los Angeles, California headquartered CBRE Group Inc. recorded a trading volume of 2.33 million shares, which was above their three months average volume of 1.76 million shares. The stock ended the session 1.30% higher at $35.97. The Company's shares have advanced 5.33% in the previous three months and 14.23% on an YTD basis. The stock is trading 6.44% above its 200-day moving average. Moreover, shares of CBRE Group, which operates as a commercial real estate services and investment company worldwide, have an RSI of 45.92.
On August 09th, 2017, CBRE Group (CBG) announced that it has completed the acquisition of a majority interest in Caledon Capital Management Inc. (Caledon), a Toronto-based investment management business specializing in private infrastructure and private equity investments. Caledon will now operate as CBRE Caledon Capital Management Inc., a separate business unit within CBG's independently operated investment management subsidiary, CBRE Global Investors.
On August 15th, 2017, research firm Barclays reiterated its 'Overweight' rating on the Company's stock with an increase of the target price from $42 a share to $43 a share. The complimentary report on CBG can be downloaded at:
Forest City Realty Trust
Cleveland, Ohio headquartered Forest City Realty Trust Inc's shares closed the day 0.04% higher at $24.03. The stock recorded a trading volume of 1.12 million shares. The Company's shares have gained 6.14% over the previous three months and 15.31% on an YTD basis. The stock is trading 7.94% above its 200-day moving average. Additionally, shares of the Company, which was formerly known as Forest City Enterprises, Inc., have an RSI of 47.44.
On July 31st, 2017, Forest City Realty Trust announced that it recently earned international recognition for its inclusive programs, policies, and practices, receiving a spot on Equileap's 2017 Gender Equality Global Report & Ranking. The survey evaluated more than 3,000 global public companies and ranked the top 200 worldwide. The Company ranked 174th, and is the sole US REIT to make the rankings. Only 2% of all US companies studied earned recognition. Sign up for your complimentary report on FCE-A at:
Shares in New York-based Paramount Group Inc. finished 1.52% lower at $15.52. The stock recorded a trading volume of 878,291 shares. The Company's shares are trading below their 50-day moving average by 3.17%. Furthermore, shares of Paramount Group, which invests in Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco, have an RSI of 39.17.
On August 03rd, 2017, Paramount Group reported results for the quarter and six months ended June 30th, 2017. For Q2 2017, net income was $103.0 million; funds from operations ("FFO") were $62.3 million; and core FFO was $54.6 million. For the six months ended June 30th, 2017, net income was $103.4 million; FFO was $113.9 million; and core FFO was $106.1 million. Download the research report for free on PGRE at:
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