REIT Stocks Technical Reports -- New Residential Investment, Equity Residential, American Homes 4 Rent, and Avalonbay Communities

Aug 31, 2016, 07:40 ET from Chelmsford Park SA

NEW YORK, August 31, 2016 /PRNewswire/ --

Residential REITs focus mainly on rental apartment buildings and manufactured housing, and this segment accounts for around 12.60% of the total REITs market capitalization. Stocks under assessment on are: New Residential Investment Corp. (NYSE: NRZ), Equity Residential (NYSE: EQR), American Homes 4 Rent (NYSE: AMH), and Avalonbay Communities Inc. (NYSE: AVB). Download the free research reports on these stocks today:

New Residential Investment  

New York-based New Residential Investment Corp.'s stock finished Tuesday's session at $14.25, climbing 0.78%. A total volume of 1.56 million shares was traded. Over the last month and the previous three months, the Company's shares have advanced 4.40% and 7.11%, respectively. Additionally, the stock has gained 26.08% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 5.10% and 21.05%, respectively. Moreover, shares of New Residential Investment, which focuses on investing in and managing residential mortgage related assets in the US, have a Relative Strength Index (RSI) of 57.93.

As per notes filed with the SEC on August 10th, 2016, New Residential Investment entered into an underwriting agreement, pursuant to which, the company has agreed to sell to the Underwriters an aggregate of 20,000,000 shares of its common stock at a price of $13.98 per share. In connection with the offering, the company has granted the underwriters an option for 30 days to purchase up to an additional 3,000,000 shares of common stock at a price of $13.98 per share. See our free and comprehensive research report on NRZ at: 

Equity Residential  

Shares in Chicago, Illinois headquartered Equity Residential ended yesterday's session 0.51% lower at $64.68 with a total volume of 1.57 million shares traded. The stock is trading 4.42% below its 50-day moving average. Shares of the Company, which engages in the acquisition, development, and management of multifamily properties in the US, have an RSI of 38.63.

On July 26th, 2016, Equity Residential announced that earnings per share (EPS) for Q2 2016 were $0.59 compared to $0.78 in Q2 2015. The company noted that FFO (Funds from Operations), was $0.90 per share for both Q2 of 2016 and 2015.

On August 03rd, 2016, research firm Raymond James downgraded the Company's stock rating from 'Market Perform' to 'Underperform'. EQR free research report PDF is just a click away at: 

American Homes 4 Rent  

On Tuesday, Malibu, California-based American Homes 4 Rent's stock saw a decline of 1.22%, to close the day at $21.82. A total volume of 1.53 million shares were traded. The Company's shares have advanced 0.41% in the last one month, 18.66% in the previous three months, and 31.77% on an YTD basis. The stock is trading 2.86% above its 50-day moving average and 26.44% above its 200-day moving average. Additionally, shares of American Homes 4 Rent, which engages in the acquisition, renovation, leasing, and operating single-family home rental properties in the US, have an RSI of 48.13.

On August 08th, 2016, research firm FBR Capital reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $22 a share to $26 a share.

On August 17th, 2016, American Homes 4 Rent announced that it has entered into a $1 billion credit agreement with a syndicate of banks. The new credit agreement provides for a $650 million revolving credit facility and a $350 million term loan facility. The credit agreement, which matures initially in August 2019, replaces the company's existing senior secured revolving credit facility. The interest rate on the new revolving facility is at either LIBOR plus a margin ranging from 1.75% to 2.30% or a base rate plus a margin ranging from 0.75% to 1.30%. Sign up for your complimentary report on AMH at: 

Avalonbay Communities  

Shares in Arlington, Virginia-based Avalonbay Communities Inc. ended the day 0.64% lower at $174.42 with a total volume of 612,154 shares traded. The stock is trading below its 200-day moving average by 1.69%. Shares of the Company, which engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the US, have an RSI of 37.92.

On August 8th, 2016, AvalonBay Communities announced that Susan Swanezy has been appointed to the Board of Directors effective September 13th, 2016. Since 2010, Ms. Swanezy has been a Partner at Hodes Weill & Associates LP, a global advisory boutique firm focused on the real estate investment management industry. Previously, Ms. Swanezy served as Managing Director, Global Head of Capital Raising for Real Estate Products at Credit Suisse Group AG, and held a variety of positions at Deutsche Bank AG and its affiliates. Register for free on and download the latest research report on AVB at:


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