Research Reports Initiation on REIT Stocks -- Colony Starwood Homes, Lamar Advertising, New Senior Investment, and Investors Real Estate Trust
NEW YORK, October 27, 2016 /PRNewswire/ --
Stock-Callers.com turns investors' attention to these four Diversified REITs: Colony Starwood Homes (NYSE: SFR), Lamar Advertising Co. (NASDAQ: LAMR), New Senior Investment Group Inc. (NYSE: SNR), and Investors Real Estate Trust (NYSE: IRET). The REIT sector has posted solid results this year, advancing more than 4%, compared with about 5% for the S&P 500 index. Learn more about these stocks by downloading their free report at: http://stock-callers.com/registration
Colony Starwood Homes
US-based Colony Starwood Homes' stock finished Wednesday's session 0.68% lower at $29.00 with a total trading volume of 693,297 shares. The Company's shares have advanced 31.18% on an YTD basis. The stock is trading 8.47% above its 200-day moving average. Additionally, shares of Colony Starwood Homes, which invests in the real estate markets of the US, have a Relative Strength Index (RSI) of 53.06.
On October 20th, 2016, the company announced the pricing of its CSH 2016-2 securitization transaction. The transaction involves the issuance and sale of single-family rental pass-through certificates that represent beneficial ownership interests in a $580.7 million floating rate loan secured by mortgages on approximately 4,000 single-family rental properties and a pledge of equity in the borrower. The Company sold $580.7 million of certificates to investors at a weighted average blended interest rate of 1-month LIBOR plus 186 basis points. The securitization transaction is intended to reduce the Company's cost of capital and proceeds will be used to repay existing indebtedness, pay transaction expenses and for general corporate purposes. The transaction is expected to close on or about November 3rd, 2016, subject to satisfaction of customary market and other closing conditions. The free research report on SFR is available at: http://stock-callers.com/registration/?symbol=SFR
Lamar Advertising
On Wednesday, shares in Baton Rouge, Louisiana headquartered Lamar Advertising Co. recorded a trading volume of 342,413 shares. The stock ended the session 0.58% lower at $63.96. The Company's shares have advanced 10.65% since the start of this year. The stock is trading 1.39% above its 50-day moving average and 5.19% above its 200-day moving average. Moreover, shares of Lamar Advertising, which primarily engages in selling advertising space on billboards, buses, shelters, benches, and logo plates, have an RSI of 47.17.
On September 29th, 2016, Lamar Advertising announced that it will release its Q3 ended September 30th, 2016, earnings report before the market opens on November 3rd, 2016. The company will host a conference call on the same day at 8:00 a.m. central time to discuss its results and answer questions relating to company's operations. The complimentary report on LAMR can be downloaded at: http://stock-callers.com/registration/?symbol=LAMR
New Senior Investment Group
Shares in New Senior Investment Group Inc. closed the day 3.29% lower at $10.57. The stock recorded a trading volume of 398,808 shares. The Company's shares have gained 15.21% on an YTD basis. The stock is trading 2.55% above its 200-day moving average. Additionally, shares of New Senior Investment Group have an RSI of 41.41.
On October 13th, 2016, the company announced that it will release its Q3 2016 financial results and Q3 dividend on November 2nd, 2016, prior to the opening of trading on the NYSE. In addition, the company's management will host a conference call on the same day at 9:00 A.M. ET. Visit us today and download our complete research report on SNR for free at: http://stock-callers.com/registration/?symbol=SNR
Investors Real Estate Trust
At the close, shares in Minot, North Dakota-based Investors Real Estate Trust ended at $6.13, declining 0.81%. The stock recorded a trading volume of 446,755 shares. The Company's shares are trading above their 50-day moving average by 0.41%. Furthermore, shares of Investors Real Estate Trust, which invests in real estate markets of US, have an RSI of 52.85.
As per notes filed with the SEC on September 23rd, 2016, the company held its 2016 Annual Meeting of Shareholders on September 20th, 2016. Of the common shares entitled to vote, 94,183,983, or approximately 77.74% of the common shares, were present or represented by proxy at the Annual Meeting, constituting a quorum under the Declaration of Trust. There were three matters presented and voted on at the annual meeting. Proposal 1 -Election of nine nominees to serve on the Board of Trustees for a one-year term and until their respective successors are duly elected and qualified. The shareholders elected all nine of the nominees as trustees. Proposal 2 -Non-binding advisory resolution on executive compensation. The shareholders approved the non-binding advisory resolution on executive compensation. Proposal 3 -Ratification of Grant Thornton LLP as the Company's independent registered public accounting firm for fiscal year 2017. The shareholders ratified the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for fiscal year 2017. Get free access to your technical report on IRET at: http://stock-callers.com/registration/?symbol=IRET
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SOURCE Chelmsford Park SA
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