Research Report Initiation on Residential REIT Stocks -- Apartment Investment and Management, EdR, Monogram Residential Trust, and ARMOUR Residential REIT

Aug 10, 2016, 08:30 ET from Chelmsford Park SA

NEW YORK, August 10, 2016 /PRNewswire/ -- focus is redirected on the U.S. Real Estate Investment Trust (REIT) industry which has seen a mixed earnings season so far due to increased supply and demand, economic conditions, and market dynamics. Let us see how the following four Residential REITs have fared at the closing bell of the last trading session: Apartment Investment and Management Co. (NYSE: AIV), EdR (NYSE: EDR), Monogram Residential Trust Inc. (NYSE: MORE), and ARMOUR Residential REIT Inc. (NYSE: ARR). Learn more about these stocks by downloading their free report at:

Apartment Investment and Management  

Denver, Colorado headquartered Apartment Investment and Management Co.'s stock finished Tuesday's session at $45.98, gaining 0.22%. A total volume of 927,476 shares traded. Over the last month and the previous three months, the Company's shares have advanced 0.55% and 7.53%, respectively. Additionally, the stock has gained 16.83% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 5.73% and 15.11%, respectively. Moreover, shares of the company, which engages in the acquisition, ownership, management, and redevelopment of apartment properties, have a Relative Strength Index (RSI) of 62.36.

On July 28th, 2016, the company reported Adjusted Funds from Operations (AFFO) of $0.50 per share for Q2 2016, an increase of 9% compared to Q2 2015. The company's average rent per apartment home increased 5.3% to $1,611 in Q2 2016 as compared to $1,530 in the year ago quarter.

On August 02nd, 2016, research firm Canaccord Genuity reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $41 a share to $47 a share. The free research report on AIV is available at:


Shares in Memphis, Tennessee-based EdR ended yesterday's session 0.15% lower at $46.76 with a total volume of 839,872 shares traded. The stock has gained 0.87% in the past month, 10.29% in the previous three months, and 26.77% on an YTD basis. The Company's shares are trading 4.09% above their 50-day moving average and 17.74% above their 200-day moving average. Moreover, shares of EdR, which invests in the real estate markets of US, have an RSI of 53.98.

On August 02nd, 2016, research firm FBR Capital reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $48 a share to $51 a share.

On August 4th, 2016, EdR announced the commencement of construction on a multiple building living-learning community at Northern Michigan University (NMU). Upon completion, EdR will operate the residence halls under a 75-year lease with NMU and will manage the facility while NMU will provide residence life services. More than 1,200 beds will be delivered in multiple phases which are scheduled for delivery in the second half of 2017, and the fall of 2018. The complimentary report on EDR can be downloaded at:

Monogram Residential Trust  

On Tuesday, Plano, Texas-based Monogram Residential Trust Inc.'s stock rose 1.16%, to close the day at $10.45. A total volume of 771,177 shares was traded. The Company's shares have advanced 1.54% in the previous three months and 8.75% on an YTD basis. The stock is trading 2.45% above its 50-day moving average and 8.17% above its 200-day moving average. Additionally, shares of Monogram Residential Trust, which engages in investment, development and operation of real estate assets, have an RSI of 53.30.

On August 4th, 2016, Monogram Residential Trust reported net loss attributable to common stockholders of $9.2 million as compared to net income attributable to common stockholders of $49.2 million in Q2 2015. The company's AFFO totaled $14.7 million, or $0.09 per fully diluted share, as compared to $21.7 million, or $0.13 per fully diluted share, for Q2 2015. Monogram Residential achieved consolidated weighted average occupancy in the Company's Same Store portfolio of 95.4% with monthly rental revenue per unit of $1,879, an increase of 2.5% compared to Q2 2015. Visit us today and download our complete research report on MORE for free at:

ARMOUR Residential REIT  

Shares in Vero Beach, Florida-based ARMOUR Residential REIT Inc. ended the day 0.35% higher at $23.10 and with a total volume of 356,692 shares traded. The stock has gained 13.07% in the last one month, 13.29% in the previous three months, and 6.16% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 13.85% and 13.16%, respectively. Furthermore, shares of ARMOUR Residential REIT, which invests in residential mortgage backed securities in the US, have an RSI of 81.58.

On August 2nd, 2016, ARMOUR Residential reported GAAP net income of $21.2 million, or $0.47 per common share. The company reported 4.86% increase in book value per common share. Get free access to your technical report on ARR at:


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