NEW YORK, August 29, 2016 /PRNewswire/ --
Today's pre-market research on Stock-Callers.com is directed to the following Diversified REITs: Lexington Realty Trust (NYSE: LXP), Cyrusone Inc. (NASDAQ: CONE), National Retail Properties Inc. (NYSE: NNN), and Investors Real Estate Trust (NYSE: IRET). According to NASDAQ, REITs could gain momentum, as Real Estate will exit from the Financials to become its own S&P 500 sector at the end of this month. These stocks research reports can be downloaded now by simply registering for free at:
Lexington Realty Trust
New York City-based Lexington Realty Trust's shares fell 2.22%, finishing last Friday's session at $10.55. A total volume of 1.78 million shares was traded, which was above their three months average volume of 1.19 million shares. Over the previous three months and since the start of this year, the stock has advanced 13.50% and 36.93%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 1.61% and 22.02%, respectively. Additionally, shares of Lexington Realty Trust, which operates as a self-managed and self-administered real estate investment trust, have a Relative Strength Index (RSI) of 48.35.
On August 9th, 2016, the company reported that for the quarter ended June 30th, 2016, total gross revenues were $109.6 million, a 0.7% decrease compared to total gross revenues of $110.3 million for the quarter ended June 30, 2015. The company's net income attributable to common shareholders for the quarter ended June 30th, 2016, was $46.8 million, or $0.20 per diluted share, compared to net income attributable to common shareholders of $47.7 million, or $0.20 per diluted share, for the quarter ended June 30th, 2015. Your complete research report on LXP can be retrieved for free at:
On Friday, shares in Carrollton, Texas headquartered Cyrusone Inc. ended the session 0.78% lower at $49.83. The stock recorded a trading volume of 684,829 shares. The Company's shares have gained 0.79% in the previous three months and 35.27% on an YTD basis. The stock is trading above its 200-day moving average by 14.66%. Moreover, shares of Cyrusone, which owns, operates, and develops enterprise-class, carrier-neutral and multi-tenant data center properties, have an RSI of 34.25.
On August 15th, 2016, CyrusOne closed a public offering of 7,820,000 shares of its common stock, which included 1,020,000 shares of common stock sold pursuant to the option granted to the underwriters, which was exercised prior to closing. 3,400,000 shares were offered directly by CyrusOne, and 4,420,000 shares were offered, at the request of Cyrusone, by the Forward Seller in connection with the forward sale agreements, at a price to the public of $50.50 per share.
On August 18th, 2016, research firm Barclays upgraded the Company's stock rating from 'Equal Weight' to 'Overweight'. The research firm also revised upwards its previous target price from $50 to $57. CONE free report is just a click away at:
National Retail Properties
Orlando, Florida-based National Retail Properties Inc.'s stock fell 1.14%, to close the day at $50.28. A total volume of 1.27 million shares was traded, which was above their three months average volume of 1.07 million shares. The Company's shares have advanced 13.25% in the previous three months and 29.22% since the start of this year. The stock is trading 13.29% above its 200-day moving average. Additionally, shares of National Retail Properties, which acquires, owns, manages, and develops retail properties in the US, have an RSI of 42.01.
On August 03rd, 2016, research firm Wunderlich reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $43 a share to $50 a share.
On August 15th, 2016, the company's Board of Directors declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of $0.41 per depositary share and a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of $0.35 per depositary share payable September 15, 2016, to shareholders of record on August 31, 2016. Sign up for your complimentary research report on NNN at:
Investors Real Estate Trust
Shares in Minot, North Dakota-based Investors Real Estate Trust recorded a trading volume of 437,628 shares. The stock ended Friday's session at $6.43, down 2.13%. The Company's shares have gained 5.14% in the previous three months and are trading below their 50-day moving average by 0.46%. Furthermore, shares of Investors Real Estate Trust, which invests in real estate markets of US, have an RSI of 44.98.
On August 25th, 2016, the company announced that its quarterly report for Q1 FY17 will be filed with the SEC on September 8th, 2016. The company has also scheduled a conference call on September 9th, 2016 at 10:00 a.m. ET to discuss the financial and operating results. Register for free on Stock-Callers.com and download the latest research report on IRET at:
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