Research Reports Initiation on REIT Stocks -- Retail Properties of America, Simon Property, Equity One, and Macerich
NEW YORK, January 11, 2017 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com takes note of the performances of four Retail REITs, namely: Retail Properties of America Inc. (NYSE: RPAI), Simon Property Group Inc. (NYSE: SPG), Equity One Inc. (NYSE: EQY), and The Macerich Co. (NYSE: MAC). REITs, or real estate investment trusts, typically perform poorly in an environment of rising interest rates, as some investors use them as a proxy for bonds when fixed income returns pale. Learn more about these stocks by downloading their free report at: http://stock-callers.com/registration
Retail Properties of America
Oak Brook, Illinois-based Retail Properties of America Inc.'s shares declined 0.72%, closing Tuesday's trading session at $15.09 with a total trading volume of 1.46 million shares. The stock is trading 0.09% above its 50-day moving average. Shares of the Company, which engages in acquisition, development and management of properties, have a Relative Strength Index (RSI) of 47.07.
On November 17th, 2016, the Company announced that it will release financial results for Q4 2016 and FY16, after the market closes on February 14th, 2017. The Company will host a conference call on February 15th, 2017, at 11:00 AM (ET) to discuss the financial results and other matters affecting the Company.
On January 09th, 2017, research firm Deutsche Bank downgraded the Company's stock rating from 'Buy' to 'Hold' while revising its previous target price from $18 a share to $16 a share. The free research report on RPAI is available at:
http://stock-callers.com/registration/?symbol=RPAI
Simon Property
On Tuesday, shares in Indianapolis, Indiana-based Simon Property Group Inc. recorded a trading volume of 2.67 million shares, which was above their three months average volume of 1.50 million shares. The stock dropped 0.93%, ending the day at $184.19. The Company's shares have advanced 0.29% in the last month and 3.67% on an YTD basis. The stock is trading above its 50-day moving average by 1.71%. Furthermore, shares of Simon Property Group, which invests in the real estate markets across the globe, have an RSI of 56.59.
On December 21st, 2016, Simon Property Group announced that financial and operational results for the quarter ending December 31st, 2016, will be released before the market opens on January 31st, 2017. The Company will host its quarterly earnings conference call and an audio webcast on January 31st at 11:00 a.m. ET.
On January 09th, 2017, research firm Deutsche Bank downgraded the Company's stock rating from 'Buy' to 'Hold' while revising its previous target price from $231 a share to $188 a share. The complimentary report on SPG can be downloaded at:
http://stock-callers.com/registration/?symbol=SPG
Equity One
New York-based Equity One Inc.'s stock finished the day 0.81% lower at $30.72 with a total trading volume of 296,321 shares. The Company's shares have advanced 2.90% in the last one month, 6.55% over the previous three months, and 0.10% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.78% and 3.62%, respectively. Additionally, shares of Equity One, which owns, manages, acquires, develops and redevelops shopping centers and retail properties, have an RSI of 59.20.
On November 14th, 2016, Regency Centers Corporation announced that Equity One will merge with and into Regency, with Regency continuing as the surviving public Company. The combined Company is expected to have a pro-forma equity market capitalization of approximately $11.7 billion and a total market capitalization of $15.6 billion. Under the terms of the agreement, each share of Equity One's common stock will be converted into 0.45 shares of newly issued shares of Regency's common stock. On a pro-forma basis, following the closing of the transaction, Regency's shareholders are expected to own approximately 62% of the combined company's equity, and former Equity One's shareholders are expected to own approximately 38%. Visit us today and download our complete research report on EQY for free at:
http://stock-callers.com/registration/?symbol=EQY
Macerich
Shares in Santa Monica, California headquartered The Macerich Co. ended yesterday's session 1.86% lower at $70.09. The stock recorded a trading volume of 1.11 million shares, which was above its three months average volume of 845,030 shares. The Company's shares are trading 0.86% above their 50-day moving average. Moreover, shares of Macerich, which primarily engages in acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the US, have an RSI of 50.65.
On December 07th, 2016, Macerich announced Tysons Corner Center won the Gold Award and Commendation for Sustainable Design in the Renovations/Expansions category at the 2016 US Design and Development Awards presented by the International Council of Shopping Centers. Built around the market-dominant Tysons Corner Center mall just outside Washington, D.C., the vertical, mixed-use expansion includes Tysons Tower, the 22-story trophy office building, the 300-room Hyatt Regency hotel and the upscale, 429-unit VITA residential building. Get free access to your technical report on MAC at:
http://stock-callers.com/registration/?symbol=MAC
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SOURCE Chelmsford Park SA
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