NEW YORK, October 26, 2016 /PRNewswire/ --
Stock-Callers.com turns its focus on the Residential REITs space, which is one of the best performing sectors in 2016. Companies in this category specialize in apartments and homes, provide high yields, and have low price volatility. Equities under evaluation are UDR Inc. (NYSE: UDR), Apartment Investment and Management Co. (NYSE: AIV), Independence Realty Trust Inc. (NYSE MKT: IRT), and Camden Property Trust (NYSE: CPT). Learn more about these stocks by downloading their free report at:
On Tuesday, shares in Denver, Colorado headquartered UDR Inc. recorded a trading volume of 2.41 million shares, which was above their three months average volume of 1.57 million shares. The stock ended the day at $33.54, declining 0.18%. The Company's shares are trading below their 50-day moving average by 4.37%. Furthermore, shares of UDR, which invests in the real estate markets of the US, have a Relative Strength Index (RSI) of 37.33.
On October 25th, 2016, UDR reported that total revenue increased by $21.8 million, or 10%, to $243.3 million for Q3 2016. Same-store NOI increased 6.4% y-o-y in Q3 2016 and was driven by same-store revenue growth of 5.3% against a 2.5% increase in same-store expenses. Net income attributable to common stockholders was $26.0 million for Q3 2016 as compared to $12.4 million in Q3 2015. The free research report on UDR is available at:
Apartment Investment and Management
Denver, Colorado headquartered Apartment Investment and Management Co.'s stock finished yesterday's session 0.19% lower at $42.92. A total volume of 1.42 million shares was traded, which was above their three months average volume of 1.32 million shares. The Company's shares have gained 9.86% on an YTD basis. The stock is trading above its 200-day moving average by 3.42%. Furthermore, shares of Apartment Investment and Management, which engages in the acquisition, ownership, management, and redevelopment of apartment properties, have an RSI of 43.01.
On September 27th, 2016, the company announced that it will release Q3 2016 earnings on October 27th, 2016, after the market closes. The Q3 2016 earnings conference call will be conducted on October 28th, 2016, at 1:00 p.m. ET.
On October 20th, 2016, research firm JMP Securities downgraded the company's stock rating from 'Market Outperform' to 'Market Perform'. The complimentary report on AIV can be downloaded at:
Independence Realty Trust
At the closing bell on Tuesday, shares in US-domiciled Independence Realty Trust Inc. saw a slight decline of 0.44%, ending the day at $9.06. The stock recorded a trading volume of 1.07 million shares, which was above its three months average volume of 1.01 million shares. The Company's shares have advanced 2.14% in the previous three months and 20.64% since the start of this year. The stock is trading 14.14% above its 200-day moving average. Moreover, shares of Independence Realty Trust, which invests in the real estate markets of the US, have an RSI of 50.19.
On October 24th, 2016, Independence Realty Trust announced that the underwriters for its previously announced public offering of 25,000,000 shares of common stock exercised in full their option to purchase up to 3,750,000 additional shares of common stock. As a result of this exercise, the Company received an additional $32.1 million in net proceeds. In the aggregate, the Company received approximately $245.8 million of net proceeds from this offering, before offering expenses and after underwriting discounts and commissions. The closing of this additional sale occurred on October 21st, 2016. Visit us today and download our complete research report on IRT for free at:
Camden Property Trust
Houston, Texas headquartered Camden Property Trust's stock ended the day 0.01% higher at $79.24 and with a total trading volume of 389,752 shares. The Company's shares have gained 11.42% on an YTD basis. The stock is trading 2.01% above its 200-day moving average. Additionally, shares of Camden Property Trust, which engages in the ownership, development, acquisition, management, and disposition of multifamily residential apartment communities, have an RSI of 46.64.
On October 03rd, 2016, the company announced that its Q3 2016 earnings will be released after the market closes on October 27th, 2016. Camden Property Trust's management will host a conference call on the following day on October 28th, 2016 at 11:00 AM Central Time. Get free access to your technical report on CPT at:
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