NEW YORK, March 2, 2017 /PRNewswire/ --
On Wednesday, March 01, 2017, US markets saw broad based gains with eight out of nine sectors finishing the trading sessions in green. Major US indices were also bullish at the close of yesterday's session. The NASDAQ Composite ended the day at 5,904.03, up 1.35%; the Dow Jones Industrial Average edged 1.46% higher, to finish at a new record level of 21,115.55; and the S&P 500 closed at 2,395.96, up 1.37%. This Thursday morning, Stock-Callers.com looks at the performance of these four REIT - Retail stocks: Regency Centers Corporation (NYSE: REG), Retail Opportunity Investments Corporation (NASDAQ: ROIC), Tanger Factory Outlet Centers Inc. (NYSE: SKT), and Kite Realty Group Trust (NYSE: KRG). You can access our complimentary research reports on these stocks now at:
Jacksonville, Florida headquartered Regency Centers Corp.'s stock advanced 2.77%, to close the day at $68.40. The stock recorded a trading volume of 27.41 million shares, which was above its three months average volume of 887,380 shares. Regency Centers' shares have advanced 3.31% in the last three months. The Company's shares are trading 0.79% and 7.19% below its 50-day and 200-day moving averages, respectively. Shares of the Company, which through its subsidiaries, owns, operates, and develops community and neighborhood shopping centers that are tenanted by grocers, category-leading anchors, specialty retailers, and restaurants, are trading at a PE ratio of 47.93. Additionally, the stock has a Relative Strength Index (RSI) of 43.54. Visit us today and download your complete report on REG for free at:
Retail Opportunity Investments
On Wednesday, shares in San Diego, California-based Retail Opportunity Investments Corp. ended the session 1.09% lower at $21.76 with a total volume of 1.08 million shares traded. Retail Opportunity Investments' shares have advanced 4.87% in the last one month and 5.26% in the previous three months. Furthermore, the stock has gained 18.40% in the past one year. Shares of the Company, which engages in the acquisition, ownership, and management of necessity-based community and neighborhood shopping centers in the eastern and western regions of the US, are trading at a PE ratio of 77.71. The stock is trading 3.48% above its 50-day moving average and 3.84% above its 200-day moving average. Moreover, the Company's shares have an RSI of 57.29.
On February 28th, 2017, research firm FBR & Co. reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $22 a share to $23 a share. The complimentary research report on ROIC can be accessed at:
Tanger Factory Outlet Centers
On Wednesday, shares in Greensboro, North Carolina-based Tanger Factory Outlet Centers Inc. recorded a trading volume of 778,588 shares. The stock ended the day 0.71% lower at $33.63. Shares of the Company, which invests in the real estate markets in US, are trading at a PE ratio of 16.73. Tanger Factory Outlet Centers' stock has advanced 0.90% in the last one month and 6.10% in the previous one year. The Company is trading below its 50-day and 200-day moving averages by 2.73% and 7.68%, respectively. Furthermore, Tanger Factory Outlet Centers' shares have an RSI of 44.78. Register for free on Stock-Callers.com and download the PDF research report on SKT at:
Indianapolis, Indiana-based Kite Realty Group Trust's stock finished Wednesday's session 1.90% lower at $22.22 with a total volume of 733,628 shares traded. The Company's shares are trading below its 50-day and 200-day moving averages by 5.45% and 13.59%, respectively. Shares of Kite Realty Group, which engages in ownership, operation, management, leasing, acquisition, construction, expansion, and development and redevelopment of operating retail properties, retail properties under development, operating commercial properties, parking garage, commercial property under development, parcels of land, shopping, dining, and entertainment properties, are trading at a PE ratio of 1,587.14. The stock has an RSI of 33.25. Get free access to your research report on KRG at:
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