NEW YORK, January 5, 2017 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com takes a closer look at four Residential REITs, which are: American Homes 4 Rent (NYSE: AMH), Equity Residential (NYSE: EQR), New Residential Investment Corp. (NYSE: NRZ), and Altisource Residential Corp. (NYSE: RESI). These real estate investment trusts belong to the Financials sector which was broadly higher again on Wednesday, January 04th, 2017, with the NYSE Financials Sector Index climbing almost 0.9%, and Financials companies in the S&P 500 Index adding more than 0.5% in value. You can access of our complimentary research reports on these stocks now at:
American Homes 4 Rent
Shares in California-based, American Homes 4 Rent rose 0.82%, ending Wednesday's trading session at $20.95. The stock recorded a trading volume of 2.28 million shares, which was above its three months average volume of 2.14 million shares. The Company's shares have gained 0.96% in the last one month and 2.14% in the previous three months. The stock is trading 1.00% and 6.66% above its 50-day and 200-day moving averages, respectively. Moreover, shares of American Homes 4 Rent, which engages in the acquisition, renovation, leasing, and operating single-family home rental properties in the US, have a Relative Strength Index (RSI) of 56.34.
On November 23rd, 2016, American Homes posted the revised "Home Price Appreciation Factor" and "Home Price Appreciation Amount" through September 30th, 2016. Based on the weighting among company's top 20 markets established under the terms of its 5% Series A and 5% Series B Participating Preferred Shares, cumulative home price appreciation for the period from June 30th, 2013 to September 30th, 2016 was 24.77%, resulting in a Home Price Appreciation Factor of 12.39%. The Home Price Appreciation Amount on company's 5% Series A and 5% Series B Participating Preferred Shares through September 30th, 2016 was $3.097. Visit us today and download your complete report on AMH for free at:
Illinois headquartered, Equity Residential's stock climbed 1.02%, closing the day at $64.28, with a total trading volume of 1.93 million shares. The Company's shares have advanced 7.10% in the last month and 3.65% over the previous three months. The stock is trading 5.25% above its 50-day moving average and 2.06% above its 200-day moving average. Additionally, shares of Equity Residential, which engages in the acquisition, development, and management of multifamily properties in the US, have an RSI of 63.19.
On January 04th, 2017, Equity Residential announced that it will release its Q4 2016 operating results on January 31st, 2017 after the close of market and host a conference call to discuss those results and its outlook for 2017 on February 01st, 2017 at 10:00 am CT.
On December 13th, 2016, research firm Morgan Stanley upgraded the Company's stock rating from 'Underweight' to 'Equal-Weight'. The complimentary research report on EQR can be accessed at:
New Residential Investment
On Wednesday, New York-based, New Residential Investment Corp.'s stock recorded a trading volume of 2.15 million shares, and ended the day 0.76% higher at $15.93. The Company's shares have advanced 6.63% in the past month, 22.11% in the previous three months, and 1.34% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.50% and 23.04%, respectively. Furthermore, shares of New Residential Investment, which focuses on investing in and managing residential mortgage related assets in the US, have an RSI of 70.71.
On December 28th, 2016, New Residential announced it has entered into an agreement, through its wholly-owned subsidiary New Residential Mortgage LLC (NRM), to purchase approximately $72 billion UPB of seasoned Agency and private-label mortgage servicing rights (MSRs) from PHH Mortgage Corporation, a wholly-owned subsidiary of PHH Corporation, for a total purchase price of approximately $612 million. Additionally, associated with the MSR purchase, NRM will purchase approximately $300 million of servicer advances from PHH Mortgage. Register for free on Stock-Callers.com and download the PDF research report on NRZ at:
Virgin Islands-based, Altisource Residential Corp.'s stock advanced 1.89%, finishing yesterday's session at $11.32 with a total trading volume of 270,737 shares. The Company's shares have advanced 0.16% in the last one month, 8.19% over the previous three months, and 2.54% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.08% and 9.80%, respectively. Additionally, shares of Altisource Residential, which through its subsidiary, Altisource Residential, L.P., focuses on acquiring, owning, and managing single-family rental properties in the US, have an RSI of 54.48.
On December 20th, 2016, Altisource Residential announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock. Residential will pay this quarterly dividend on January 13th, 2017 to all stockholders of record as of the close of business on December 30th, 2016. Get free access to your research report on RESI at:
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