NEW YORK, September 2, 2016 /PRNewswire/ --
Real estate has finally departed from the Financials sector. The S&P Dow Jones Indices and MSCI has reclassified real estate its own unique class that would include all real estate investment trusts (REITs), except mortgage REITs. This makes it a great time to assess the most recent performances of some stocks within this new sector, particularly in the Retail REITs' space. Here are today's featured companies on Stock-Callers.com: Retail Opportunity Investments Corp. (NASDAQ: ROIC), Regency Centers Corp. (NYSE: REG), Tanger Factory Outlet Centers Inc. (NYSE: SKT), and Kite Realty Group Trust (NYSE: KRG). Learn more about these stocks by downloading their free report at:
Retail Opportunity Investments
San Diego, California-based Retail Opportunity Investments Corp.'s stock finished Thursday's session at $22.21, which was 0.45% lower. A total volume of 600,092 shares was traded. Over the previous three months and since the start of this year, the Company's shares have gained 9.55% and 26.34%, respectively. The stock is trading above its 50-day and 200-day moving averages by 0.30% and 13.37%, respectively. Moreover, shares of Retail Opportunity Investments, 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, have a Relative Strength Index (RSI) of 50.85.
On August 16th, 2016, research firm Canaccord Genuity reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $25 a share to $26 a share.
On August 24th, 2016, the company announced that it will issue financial and operational results for Q3 ended September 30th, 2016 after the market closes on October 25th, 2016. The Company will conduct a conference call and audio webcast on October 26, 2016 at 9:00 a.m. ET. The free research report on ROIC is available at:
Shares in Jacksonville, Florida headquartered Regency Centers Corp. ended yesterday's session 0.51% lower at $80.13 with a total trading volume of 363,800 shares. The stock has gained 3.08% in the previous three months and 19.98% on an YTD basis. Shares of the Company, which operates as a real estate investment trust, are trading 8.43% above their 200-day moving average. Moreover, Regency Centers' stock has an RSI of 43.43.
On August 2nd, 2016, Regency reported net income attributable to common stockholders for Q2 2016 of $34.8 million, or $0.35 per diluted share, compared to net income of $32.5 million, or $0.34 per diluted share, for Q2 2015. The company's NAREIT Funds From Operations for Q2 was $79.7 million, or $0.81 per diluted share, compared to $71.0 million, or $0.75 per diluted share, for Q2 2015.
On August 05th, 2016, research firm RBC Capital Markets reiterated its 'Top Pick' rating on the Company's stock with an increase of the target price from $82 a share to $91 a share. The complimentary report on REG can be downloaded at:
Tanger Factory Outlet Centers
On Thursday, Greensboro, North Carolina-based Tanger Factory Outlet Centers Inc.'s stock saw a drop of 0.98%, to close the day at $40.24. A total volume of 515,274 shares was traded. The Company's shares have advanced 12.66% in the previous three months and 26.28% on an YTD basis. The stock is trading 14.10% above its 200-day moving average. Additionally, shares of Tanger Factory Outlet Centers, which invests in the real estate markets in US, have an RSI of 47.20.
On August 01st, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $44 a share to $48 a share.
On August 8th, 2016, the company announced that its operating partnership, Tanger Properties Limited Partnership, has completed a public offering of $250 million of 3.125% senior notes due 2026 in an underwritten public offering. The notes were priced at 99.605% of the principal amount to yield 3.171% to maturity. The net proceeds from the offering, after deducting the underwriting discount and offering expenses, were approximately $246.7 million. Visit us today and download our complete research report on SKT for free at:
Kite Realty Group Trust
Shares in Indianapolis, Indiana-based Kite Realty Group Trust ended the day 0.48% lower at $28.74. A total volume of 372,956 shares was traded. The stock has gained 4.34% in the previous three months and 14.36% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 0.17% and 6.96%, respectively. Furthermore, shares of Kite Realty Group Trust, which invests in real estate markets of the US, have an RSI of 47.82.
On August 01st, 2016, research firm Hilliard Lyons downgraded the Company's stock rating from 'Buy' to 'Neutral'. Get free access to your technical report on KRG at:
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