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REITs Stocks Technical Report -- CubeSmart, Communications Sales & Leasing, Public Storage, and DCT Industrial Trust


News provided by

Chelmsford Park SA

Aug 17, 2016, 08:10 ET

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NEW YORK, August 17, 2016 /PRNewswire/ --

The U.S. REITs industry outpaced the Dow Jones Industrial Average in July and ended the month with a 3.87% total return due to positive second-quarter earnings reports and continued low interest rates. Additionally, Industrial REITs were up 8.38% for the month. Take a closer look at the following equities and see what investors make of them: CubeSmart (NYSE: CUBE), Communications Sales & Leasing Inc. (NASDAQ: CSAL), Public Storage (NYSE: PSA), and DCT Industrial Trust Inc. (NYSE: DCT). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

http://stock-callers.com/registration

CubeSmart  

Little Rock, Arkansas-based CubeSmart's stock finished Tuesday's session 1.00% lower at $27.77 with a total volume of 1.45 million shares traded. Shares of the Company, which engages in the acquisition and construction of mission critical communications infrastructure; and provision of wireless infrastructure solutions for the communications industry, are trading 7.21% below their 50-day moving average. The stock has a Relative Strength Index (RSI) of 32.43.

On July 25th, 2016, research firm SunTrust downgraded the Company's stock rating from 'Buy' to 'Neutral'.

As per notes filed with the SEC, on August 15th, 2016, CubeSmart, L.P. and CubeSmart completed the issuance and sale of $300 million in aggregate principal amount of the Operating Partnership's 3.125% senior notes due September 1st, 2026. The net proceeds to the Operating Partnership from the sale of the Notes were approximately $296.1 million. The Operating Partnership intends to use the net proceeds from this offering to repay all of the outstanding indebtedness incurred under the unsecured revolving portion of its credit facility maturing in April 2020 and for working capital and other general corporate purposes. Visit us today and access our complete research report on CUBE at:

http://stock-callers.com/registration/?symbol=CUBE


Communications Sales & Leasing  

On Tuesday, shares in Malvern, Pennsylvania-based Communications Sales & Leasing Inc. recorded a trading volume of 840,900 shares. The stock ended the session 2.07% lower at $29.82. The Company's shares have surged 26.20% in the previous three months and 67.85% on an YTD basis. The stock is trading 2.46% above its 50-day moving average and 35.55% above its 200-day moving average. Moreover, shares of Communications Sales & Leasing, which invests in the real estate markets of the US, have an RSI of 46.81.

On August 11th, 2016, the company reported that revenues for Q2 2016 were $188.6 million, while net loss and adjusted EBITDA was $1.5 million and $171.6 million, respectively. Net loss attributable to common shares was $2.9 million, or ($0.02) per diluted share, for the period. The complimentary report on CSAL can be downloaded at:


http://stock-callers.com/registration/?symbol=CSAL


Public Storage  

Shares in Glendale, California-based Public Storage closed the day 0.68% lower at $227.54. The stock recorded a trading volume of 542,171 shares. The Company's shares are trading 7.27% below their 50-day moving average. Additionally, shares of Public Storage, which invests in real estate markets of US and Europe, have an RSI of 27.94.

On July 28th, 2016, Public Storage reported that for the three months ended June 30th, 2016, net income allocable to company's common shareholders was $280.8 million, or $1.61 per diluted common share, compared to $263.9 million, or $1.52 in the same period last year. The company noted that for the three months ended June 30th, 2016, funds from operations were $2.34 per diluted common share compared to $2.15 in 2015, representing an increase of 8.8%.

On August 11th, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'. Register for free on Stock-Callers.com and access the latest research report on PSA at:

http://stock-callers.com/registration/?symbol=PSA


DCT Industrial Trust  

At the close, shares in Denver, Colorado-based DCT Industrial Trust Inc. ended at $48.39, which was a slight decline of 0.84%. The stock recorded a trading volume of 566,455 shares. The Company's shares have advanced 0.52% in the last one month, 15.28% in the previous three months, and 31.25% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.01% and 20.55%, respectively. Furthermore, shares of DCT Industrial Trust, which provides its services to companies, have an RSI of 48.96.

On August 4th, 2016, DCT Industrial Trust reported that net income attributable to common stockholders for Q2 2016 was $21.4 million, or $0.24 per diluted share, compared to $18.3 million, or $0.20 per diluted share, reported for Q2 2015, an increase of 20.0% per diluted share. Funds from operations, as adjusted, attributable to common stockholders and unit-holders for Q2 2016 totaled $51.1 million, or $0.54 per diluted share, compared to $44.2 million, or $0.47 per diluted share, for Q2 2015, an increase of 14.9%per diluted share.

On August 08th, 2016, research firm CapitalOne downgraded the Company's stock rating from 'Equal Weight' to 'Underweight'. Get free access to your research report on DCT at:

http://stock-callers.com/registration/?symbol=DCT

--

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SC has not been compensated; directly or indirectly; for producing or publishing this document. 

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The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

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SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

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