NEW YORK, November 21, 2016 /PRNewswire/ --
Today, Stock-Callers.com brings focus back on the following Diversified REITs, namely: VEREIT Inc. (NYSE :VER ), Annaly Capital Management Inc. (NYSE :NLY ), Spirit Realty Capital Inc. (NYSE :SRC ), and CoreCivic Inc. (NYSE :CXW ). These real estate investment trusts belong to the Financials sector which was narrowly mixed in afternoon trade on Friday, November 18, 2016, with the NYSE Financial Sector Index slipping about 0.2%, and financial companies in the S&P 500 Index rising slightly more than 0.1%. Learn more about these stocks by accessing their free research reports at:
Shares in Arizona-based VEREIT Inc. ended Friday's session 0.12% lower at $8.26 with a total trading volume of 6.43 million shares. The stock has advanced 5.95% on an YTD basis. The Company's shares are trading 12.63% below their 200-day moving average. Moreover, 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 a Relative Strength Index (RSI) of 30.53.
On November 15th, 2016, VEREIT announced that the Company has received an investment-grade rating of BBB - with a Stable outlook from Fitch Ratings. "An investment-grade rating from Fitch is validation of our safe balance sheet, bolstered by a well-laddered debt maturity schedule as a result of the May bond offering and other investment-grade metrics enhanced by our recent equity offering," said Glenn Rufrano, President and CEO of VEREIT. Free research report on VER is available at:
Annaly Capital Management
New York-based Annaly Capital Management Inc.'s shares saw a slight drop of 0.40%, closing the day at $10.00 with a total trading volume of 6.08 million shares. The stock has advanced 16.05% since the start of this year. The Company's shares are trading 1.07% below their 200-day moving average. Additionally, shares of Annaly Capital Management, which owns a portfolio of real estate related investments in the US, have an RSI of 40.50.
On November 08th, 2016, in accordance with the terms of the 7.875% Series A Preferred Stock, Annaly 's 7.625% Series C Preferred Stock, Annaly's 7.50% Series D Preferred Stock and Annaly's 7.625% Series E Preferred Stock, the Board of Directors of Annaly declared Q4 2016 cash dividend of $0.492188 per share of Series A Preferred Stock, cash dividend of $0.476563 per share of Series C Preferred Stock, cash dividend of $0.46875 per share of Series D Preferred Stock, and cash dividend of $0.476563 per share of Series E Preferred Stock. These Dividends are payable on December 30th, 2016 to preferred shareholders of record as of December 1st, 2016. The complimentary research report on NLY can be downloaded at:
Spirit Realty Capital
Last Friday, shares in US-domiciled Spirit Realty Capital Inc. gained 0.67%, closing the session at $10.51. The stock recorded a trading volume of 3.20 million shares. The Company's shares have advanced 9.54% on an YTD basis. The stock is trading 10.97% below their 200-day moving average. Furthermore, shares of the company, 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 29.31.
On November 02nd, 2016, Spirit Realty reported that Q3 2016 rental revenue increased 1.6% to $161.8 million compared to $159.2 million during Q3 2015. Net income attributable to common stockholders increased 82.6% to $27.4 million in the reported quarter compared to $15.0 million during Q3 2015. The company's AFFO increased 12.0% to $108.4 million compared to $96.8 million during Q3 2015. Visit us today and access our complete research report on SRC at:
Nashville, Tennessee-based CoreCivic Inc.'s shares finished the session 1.81% higher at $20.23 with a total trading volume of 1.91 million shares. The stock has advanced 47.66% in the last month and 8.51% in the previous three months. The Company's shares are trading above their 50-day moving average by 33.48%. Additionally, shares of CoreCivic, which together with its subsidiaries, owns and operates privatized correctional and detention facilities in the US, have an RSI of 69.03.
On November 11th, 2016, research firm Canaccord Genuity reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $17 a share to $22 a share.
On November 15th, 2016, CoreCivic announced that the Federal Bureau of Prisons has exercised a two-year renewal option at the 1,978-bed, company-owned McRae Correctional Facility in McRae, Georgia. The amended contract commences on December 1st, 2016, and provides for housing up to 1,724 federal inmates with a fixed monthly payment for 1,633 beds compared to CoreCivic's previous contract which contained a fixed payment for 1,780 beds. Get free access to your research report on CXW at:
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