NEW YORK, January 9, 2017 /PRNewswire/ --
Pre-market, Stock-Callers.com draws investor's attention to four Diversified REITs, namely: Annaly Capital Management Inc. (NYSE: NLY), VEREIT Inc. (NYSE: VER), Spirit Realty Capital Inc. (NYSE: SRC), and CoreCivic Inc. (NYSE: CXW). REITs, or real estate investment trusts, are securities that trade like stocks and invest in real estate directly through property ownership or mortgages. Consequently, revenue is mainly generated through rents or interest on mortgage loans. The asset also distributes about 90% of taxable profits to investors as dividends. Learn more about these stocks by accessing their free research reports at:
Annaly Capital Management
Last Friday at the close, shares in New York-based Annaly Capital Management Inc. ended 0.49% higher at $10.27. The stock recorded a trading volume of 5.74 million shares. The Company's shares have advanced 3.02% in the last one month, 6.87% over the previous three months, and 3.01% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.48% and 3.11%, respectively. Furthermore, shares of Annaly Capital Management, which owns a portfolio of real estate related investments in the US, have a Relative Strength Index (RSI) of 60.68.
On December 15th, 2016, Annaly Capital Management's Board of Directors declared Q4 2016 common stock cash dividend of $0.30 per common share. This dividend is payable January 31st, 2017, to common shareholders of record on December 30th, 2016.
On December 20th, 2016, research firm FBR & Co. downgraded the Company's stock rating from 'Outperform' to 'Market Perform' while revising its previous target price from $12 a share to $10 a share. Free research report on NLY is available at:
Phoenix, Arizona-based VEREIT Inc.'s stock finished Friday's session 1.23% lower at $8.82 with a total trading volume of 4.46 million shares. The Company's shares have advanced 8.69% in the last one month and 4.26% since the start of this year. The stock is trading above its 50-day moving average by 4.52%. Additionally, shares of VEREIT, which owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants, have an RSI of 60.55.
On November 15th, 2016, VEREIT announced that it has received an investment-grade rating of BBB- with a Stable outlook from Fitch Ratings. The complimentary research report on VER can be downloaded at:
Spirit Realty Capital
Shares in US-domiciled Spirit Realty Capital Inc. ended the session 0.71% lower at $11.19 with a total trading volume of 2.12 million shares. The stock has gained 7.08% in the past month and 3.04% on an YTD basis. The Company's shares are trading above their 50-day moving average by 3.89%. Moreover, shares of Spirit Realty Capital, which primarily acquires across the US single tenant operationally essential real estate, which refers to generally free-standing, commercial real estate facilities where tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits, have an RSI of 61.10.
On December 14th, 2016, Spirit Realty Capital announced that Pierre Revol has been hired for the position of Vice President of Investor Relations. Mr. Revol most recently served as a special situations equity analyst at HBK Capital Management. Mr. Revol graduated from the University of Pennsylvania in 2004 from both the Wharton School and the College of Arts and Sciences.
On January 04th, 2017, research firm FBR & Co. initiated an 'Outperform' rating on the Company's stock, with a target price of $13 per share. Visit us today and access our complete research report on SRC at:
Nashville, Tennessee-based CoreCivic Inc.'s stock recorded a trading volume of 1.35 million shares, and closed 1.56% higher at $24.74. The Company's shares have gained 5.66% in the past month, 84.18% in the previous three months, and 1.14% since the start of this year. The stock is trading 19.34% and 2.24% above its 50-day and 200-day moving averages, respectively. Additionally, shares of CoreCivic, which together with its subsidiaries, owns and operates privatized correctional and detention facilities in the US, have an RSI of 67.91.
On December 12th, 2016, research firm Canaccord Genuity upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $22 a share to $28 a share.
On December 14th, 2016, CoreCivic announced that it received a contract award from Immigration and Customs Enforcement (ICE) at CoreCivic's 2,016-bed Northeast Ohio Correctional Center in order to assist ICE with their current detention capacity needs. The new contract contains an initial term expiring March 31st, 2017, with four six-month renewal periods at the option of ICE. CoreCivic currently houses approximately 600 detainees from the US Marshals Service at the Northeast Ohio Correctional Center. Get free access to your research report on CXW at:
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