NEW YORK, March 1, 2017 /PRNewswire/ --
Four Office REITs are today's highlight on Stock-Callers.com: Equity Commonwealth (NYSE: EQC), Kilroy Realty Corp. (NYSE: KRC), Piedmont Office Realty Trust Inc. (NYSE: PDM), and Columbia Property Trust Inc. (NYSE: CXP). They are part of the Financials sector, which declined again on Tuesday, February 28th, 2017, with the NYSE Financials Sector Index sinking about 0.3%, while Financials companies in the S&P 500 Index pared deeper slide earlier in the day to finish around 0.1% lower. These stocks research reports can be downloaded now by simply registering for free at:
Chicago, Illinois-based Equity Commonwealth's stock finished Tuesday's session 2.22% lower at $31.26. A total volume of 976,898 shares was traded, which was above their three months average volume of 725,460 shares. Over the last month and the previous three months, the Company's shares have advanced 0.13% and 6.65%, respectively. Additionally, the stock has gained 3.37% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 1.83% and 4.56%, respectively. Moreover, shares of Equity Commonwealth, which invests primarily in the commercial office properties, have a Relative Strength Index (RSI) of 54.85.
On February 15th, 2017, Equity Commonwealth reported net income attributable to common shareholders of $10.3 million, or $0.08 per share, for Q4 0216 compared to net income attributable to common shareholders of $36.2 million, or $0.28 per share, for Q4 2015. The Company posted Funds from Operations (FFO) for Q4 2016 of $28.1 million, or $0.22 per share, compared to FFO for Q4 2015 of $31.8 million, or $0.25 per share. Your complete research report on EQC can be retrieved for free at:
Shares in Los Angeles, California-based Kilroy Realty Corp. declined 0.49%, ending yesterday's session at $77.15. A total volume of 710,326 shares was traded, which was higher than their three months average volume of 706,600 shares. The stock has gained 1.58% in the past month, 9.01% in the previous three months, and 5.37% on an YTD basis. The Company's shares are trading 4.44% above their 50-day moving average and 12.94% above their 200-day moving average. Moreover, shares of Kilroy Realty, which own, develop, acquire and manage real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle, have an RSI of 64.98.
On February 28th, 2017, Kilroy Realty announced that it intends to redeem all 4,000,000 outstanding shares of its 6.875% Series G Cumulative Redeemable Preferred Stock. The redemption date will be March 30th, 2017. The shares of Series G Preferred Stock will be redeemed at a redemption price of $25.00 per share, plus accumulated and unpaid dividends up to but excluding the redemption date in an amount equal to $0.21 per share, for a total payment of $25.21 per share. A free report on KRC is just a click away at:
Piedmont Office Realty Trust
On Tuesday, Norcross, Georgia headquartered Piedmont Office Realty Trust Inc.'s stock saw a slight drop of 0.48%, to close the day at $22.94. A total volume of 1.64 million shares was traded, which was above their three months average volume of 710,430 shares. The Company's shares have advanced 7.30% in the last one month, 19.72% in the previous three months, and 10.73% on an YTD basis. The stock is trading 8.42% and 11.93% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Piedmont Office Realty Trust, which engages in the acquisition and ownership of commercial real estate properties in the US, have an RSI of 77.31.
On February 08th, 2017, Piedmont recognized net income applicable to common stockholders for Q4 2016 of $30.2 million, or $0.21 per diluted share, compared to $125.6 million, or $0.84 per diluted share, for Q4 2015. The Company's FFO and Core FFO were both $0.44 per diluted share for Q4 2016. Sign up for your complimentary research report on PDM at:
Columbia Property Trust
Shares in Atlanta, Georgia-based Columbia Property Trust Inc. ended the day 0.77% lower at $23.09. A total volume of 2.23 million shares was traded, which was above their three months average volume of 656,510 shares. The stock has gained 4.57% in the last one month, 10.75% in the previous three months, and 7.82% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 5.70% and 6.71%, respectively. Furthermore, shares of Columbia Property Trust, which invests in the real estate markets of the US, have an RSI of 65.77.
On February 22nd, 2017, research firm Goldman upgraded the Company's stock rating from 'Sell' to 'Neutral'. Register for free on Stock-Callers.com and download the latest research report on CXP at:
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