Research Reports Initiation on REIT Stocks -- Liberty Property Trust, DuPont Fabros, Corporate Office Properties Trust, and Piedmont Office Realty Trust
NEW YORK, October 18, 2016 /PRNewswire/ --
Focus today is on the Office REITs category which owns, operates, and leases office properties to governments and large corporations. Companies in this space offer above-average dividend yields. Pre-market, Stock-Callers.com reviews the most recent performances of Liberty Property Trust (NYSE: LPT), DuPont Fabros Technology Inc. (NYSE: DFT), Corporate Office Properties Trust (NYSE: OFC), and Piedmont Office Realty Trust Inc. (NYSE: PDM). Learn more about these stocks by downloading their free report at: http://stock-callers.com/registration
Liberty Property Trust
At the close on Monday, shares in Malvern, Pennsylvania-based Liberty Property Trust declined 0.20%, ending the day at $39.83. The stock recorded a trading volume of 739,101 shares. The Company's shares have advanced 3.45% in the last one month, 0.11% in the previous three months, and 33.34% on an YTD basis. The stock is trading above its 200-day moving average by 13.50%. Moreover, shares of Liberty Property Trust, which through its subsidiary, provides leasing, property management, development, acquisition, and other tenant-related services for a portfolio of industrial and office properties, have a Relative Strength Index (RSI) of 52.31.
On October 04th, 2016, research firm CapitalOne upgraded the Company's stock rating from 'Equal Weight' to 'Overweight'.
On October 05th, 2016, REIT company, Workspace Property Trust, announced the purchase of 108 office and flex buildings, plus 26.7 acres of land in five markets from Liberty Property Trust for approximately $969 million. The acquisition was made in partnership with Safanad, a global principal investment firm, and affiliates of Square Mile Capital Management LLC, a diversified real estate investment firm. The free research report on LPT is available at: http://stock-callers.com/registration/?symbol=LPT
DuPont Fabros
Shares in Washington, District of Columbia headquartered DuPont Fabros Technology Inc. ended the day 1.77% higher at $41.87, with a total trading volume of 665,142 shares. Since the start of this year, the stock has gained 36.23%. The Company's shares are trading above their 200-day moving average by 4.39%. Furthermore, shares of DuPont Fabros Technology, which engages in the ownership, acquisition, development, operation, management, and lease of large-scale data center facilities in the US, have an RSI of 53.84.
On October 3rd, 2016, DuPont Fabros Technology (DFT) announced that the company and its customers met the performance targets associated with their Virginia Sales Tax Exemption Program for the Ashburn Corporate Campus ("ACC"). Since January 1st, 2009, DFT and its participating ACC customers invested over $3.3 billion at the ACC location which is well above the $150 million performance target. DFT and its customers added over 100 high-tech qualifying jobs at their ACC facilities which were double the performance target. DFT's entire Ashburn Corporate Center benefits from the sales tax exemption.
On October 07th, 2016, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised downwards its previous target price from $45 to $43. The complimentary report on DFT can be downloaded at: http://stock-callers.com/registration/?symbol=DFT
Corporate Office Properties Trust
On Monday, shares in Columbia, Maryland-based Corporate Office Properties Trust finished 0.07% higher at $27.68, with a total trading volume of 485,311 shares. The stock has advanced 3.01% in the last one month and 30.67% on an YTD basis. The Company's shares are trading above their 200-day moving average by 6.67%. Additionally, shares of Corporate Office Properties Trust, which invests in real estate markets of US, have an RSI of 46.63.
On October 03rd, 2016, Corporate Office Properties Trust announced that it has sold $210.7 million of suburban office assets during Q3 ended September 30, 2016. The suburban office assets sold in Q3 2016 totaled 1.1 million square feet, for an average sale price per square foot of approximately $187, and were 92% occupied at June 30th, 2016. Visit us today and download our complete research report on OFC for free at: http://stock-callers.com/registration/?symbol=OFC
Piedmont Office Realty Trust
Norcross, Georgia headquartered Piedmont Office Realty Trust Inc.'s shares recorded a trading volume of 564,265 shares at the end of yesterday's session and closed the day at $21.00, gaining 0.14%. The stock has advanced 2.29% in the last one month and 14.85% on an YTD basis. The Company's shares are trading above their 200-day moving average by 5.53%. 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 47.23.
On October 17th, 2016, the company announced that it secured 701,446 square feet of total leasing and completed five capital market transactions in Q3 2016. Additionally, Piedmont furthered its portfolio refinement strategy by completing five capital markets transactions during Q3 2016. With the acquisition of CNL Towers, Piedmont now owns a total of 1.3 million square feet and three of the highest quality buildings in downtown Orlando. Get free access to your technical report on PDM at: http://stock-callers.com/registration/?symbol=PDM
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