REIT Stocks Technical Report -- Corrections Corp. of America, Anworth Mortgage Asset, iStar, and RAIT Financial Trust

Aug 19, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, August 19, 2016 /PRNewswire/ -- have issued research reports on the following REITs today: Corrections Corp. of America (NYSE: CXW), Anworth Mortgage Asset Corp. (NYSE: ANH), iStar Inc. (NYSE: STAR), and RAIT Financial Trust (NYSE: RAS). Diversified real estate investment trusts (REITs) invest in a various real estate assets, such as leveraged portfolios of real estate financial products and physical properties. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

Corrections Corp. of America  

Nashville, Tennessee-based Corrections Corp. of America's stock finished Thursday's session 35.45% lower at $17.57. A total volume of 39.74 million shares was traded, which was above their three months average volume of 781,630 shares. The Company's shares are trading 40.07% below their 200-day moving average. Additionally, shares of Corrections Corp. of America, which together with its subsidiaries, owns and operates privatized correctional and detention facilities in the US, have a Relative Strength Index (RSI) of 8.31.

On August 3rd, 2016, the company reported that total revenue for Q2 2016 was $463.3 million compared to $459.3 million in Q2 2015. The company's net income generated in Q2 2016 totaled $57.6 million, or $0.49 per diluted share, compared with $65.3 million, or $0.55 per diluted share in Q2 2015.

On August 05th, 2016, research firm Canaccord Genuity reiterated its 'Hold' rating on the Company's stock with a decrease of the target price from $34 a share to $30 a share. Visit us today and access our complete research report on CXW at:

Anworth Mortgage Asset  

On Thursday, shares in Santa Monica, California headquartered Anworth Mortgage Asset Corp. recorded a trading volume of 378,885 shares. The stock ended the session 0.41% higher at $4.93. The Company's shares have advanced 3.35% in the last one month, 10.76% in the previous three months, and 20.97% on an YTD basis. The stock is trading 4.30% above its 50-day moving average and 11.83% above its 200-day moving average. Moreover, shares of Anworth Mortgage Asset, which operates as a real estate investment trust primarily in the US, have an RSI of 58.29.

As per notes filed with the SEC, on August 10th, 2016, Anworth Mortgage Asset and Anworth Management LLC entered into an At Market Issuance Sales Agreement with FBR Capital Markets & Co., pursuant to which the company may offer and sell from time to time through FBR, up to $196,615,000 maximum aggregate offering price of shares of the Company's (i) common stock, par value $0.01 per share, (ii) 6.25% Series B Cumulative Convertible Preferred Stock, par value $0.01 per share, and (iii) 7.625% Series C Cumulative Redeemable Preferred Stock, par value $0.01 per share. The complimentary report on ANH can be downloaded at:


Shares in New York headquartered iStar Inc. closed the day 0.37% lower at $10.89. The stock recorded a trading volume of 573,691 shares, which was higher than its three months average volume of 560,620 shares. The Company's shares have gained 6.97% in the last month and 14.87% in the previous three months. The stock is trading 8.12% and 5.95% above its 50-day and 200-day moving averages, respectively. Additionally, shares of iStar, which finances, invests in, and develops real estate and real estate related projects in the US, have an RSI of 60.38.

On August 9th, 2016, iStar announced that it intends to upsize its senior secured credit facility by $50 million to $500 million. The additional debt will be issued at par. Proceeds from the upsize will be used to pay down outstanding borrowings on the Company's secured revolving credit facility. The Company originally closed on the $450 million facility in June 2016. The terms of the facility will remain unchanged. The term loan bears interest at a rate of LIBOR plus 4.5% with a 1.0% LIBOR floor. Register for free on and access the latest research report on STAR at:

RAIT Financial Trust  

At the close, shares in Philadelphia, Pennsylvania-based RAIT Financial Trust ended at $3.08, gaining 1.65%. The stock recorded a trading volume of 399,707 shares. The Company's shares have advanced 5.38% in the previous three months and 25.25% on an YTD basis. The stock is trading above its 200-day moving average by 5.58%. Furthermore, shares of RAIT Financial Trust, which operates as a self-managed and self-advised real estate investment trust, have an RSI of 48.50.

On August 5th, 2016, RAIT announced GAAP Earnings (loss) per share of ($0.08) for Q2 2016 compared to earnings (loss) per share of $0.22 for Q2 2015. The company's sold six properties for $49.2 million and originated $23.2 million of loans in the quarter ended on June 30th, 2016. Get free access to your research report on RAS at:


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