Research Reports Initiation on REIT Stocks -- Realty Income, Simon Property, Pennsylvania REIT, and SL Green Realty

Oct 05, 2016, 09:07 ET from Chelmsford Park SA

NEW YORK, October 5, 2016 /PRNewswire/ --

This morning, has on its radar the Retail REITs industry which is particularly sensitive to U.S. economic cycles. Because firms in this category are not subject to federal income tax, they offer dividend yields, which are well above the wider market average. Equities to assess are Realty Income Corp. (NYSE: O), Simon Property Group Inc. (NYSE: SPG), Pennsylvania Real Estate Investment Trust (NYSE: PEI), and SL Green Realty Corp. (NYSE: SLG). Learn more about these stocks by downloading their free report at:

Realty Income

Escondido, California-based Realty Income Corp.'s stock finished Tuesday's session at $63.69, which was a decline of 2.58%. A total volume of 1.83 million shares was traded, which was above their three months average volume of 1.55 million shares. Since the start of this year, the Company's shares have gained 26.94%. The stock is trading above its 200-day moving average by 3.82%. Moreover, shares of Realty Income, which invests in the real estate markets of the US, have a Relative Strength Index (RSI) of 37.54.

On October 4th, 2016, Realty Income announced the pricing of $600 million of 3.00% senior unsecured notes due 2027. The public offering price for the notes was 98.671% of the principal amount for an effective yield to maturity of 3.153%. The net proceeds from the offering will be used to repay borrowings outstanding under its $2.0 billion revolving credit facility and, to the extent not used for that purpose, to fund potential investment opportunities and/or for other general corporate purposes. This offering is expected to close on October 12th, 2016, subject to customary closing conditions. The free research report on O is available at:

Simon Property Group

Shares in Indianapolis, Indiana-based Simon Property Group Inc. ended yesterday's session 1.47% lower at $198.87. A total volume of 1.89 million shares was traded, which was higher than their three months average volume of 1.22 million shares. The stock has gained 4.82% on an YTD basis. The Company's shares are trading 1.36% below their 200-day moving average. Moreover, shares of Simon Property Group, which invests in the real estate markets across the globe, have an RSI of 26.92.

On September 15th, 2016, Authentic Brands Group (ABG), General Growth Properties (GGP), and Simon Property Group (SPG) finalized the acquisition of the global trend-focused apparel and accessories brand, Aéropostale. The consortium includes ABG, the owner of a global portfolio of fashion, sports and entertainment brands, GGP and SPG, two of the largest retail real estate companies in the world. "We are pleased to be part of this consortium that has saved thousands of jobs and preserved a legendary American brand," said David Simon, Chairman and CEO of SPG. The complimentary report on SPG can be downloaded at:

Pennsylvania Real Estate Investment Trust

On Tuesday, Philadelphia-based Pennsylvania Real Estate Investment Trust's stock saw a slight decline of 0.89%, to close the day at $22.30. A total volume of 546,234 shares was traded. The Company's shares have advanced 3.44% in the previous three months and 4.97% on an YTD basis. The stock is trading 3.14% above its 200-day moving average. Additionally, shares of Pennsylvania REIT, which manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern US, have an RSI of 31.86.

On September 22nd, 2016, Pennsylvania REIT announced that it will release its Q3 2016 financial results after market close on November 2nd 2016. The company's management has scheduled a conference call for 11:00 a.m. ET on November 3rd, 2016, to review the company's results and future outlook. Visit us today and download our complete research report on PEI for free at:

SL Green Realty

Shares in New York-based SL Green Realty Corp. ended the day 0.92% lower at $106.04. A total volume of 684,950 shares was traded, which was above their three months average volume of 684,940 shares. The stock has gained 3.30% in the previous three months. The Company's shares are trading above their 200-day moving average by 3.63%. Furthermore, shares of SL Green Realty, which engages in the property management, acquisitions, financing, development, construction, and leasing, have an RSI of 31.98.

On September 28th, 2016, SL Green Realty announced that it has closed on $1.5 billion of construction financing for One Vanderbilt, adjacent to Grand Central Terminal in Midtown Manhattan. One Vanderbilt will include direct connections to Grand Central's network of mass transit, improved by $220 million in upgrades SL Green is implementing as part of the project. The facility, has a term of up to 7 years and bears interest at a floating interest rate of 3.50% over LIBOR, with the ability to reduce the spread to as low as 3.00% upon achieving certain pre-leasing and completion milestones. Get free access to your technical report on SLG at:


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