NEW YORK, November 22, 2016 /PRNewswire/ --
Stock-Callers.com presents the following companies for review this morning: New Residential Investment Corp. (NYSE: NRZ), Equity Residential (NYSE: EQR), American Homes 4 Rent (NYSE: AMH), and Columbia Property Trust Inc. (NYSE: CXP). These stocks belong to the Financials sector which added to its narrow gains in afternoon trade on Monday, November 21, 2016, with the NYSE Financial Sector Index rising about 0.4%, and financial companies in the S&P 500 Index advancing about 0.3%. Download the free research reports on these stocks today:
New Residential Investment
Shares in New York-based New Residential Investment Corp. ended Monday's session at $15.07, rising 2.66%. The stock recorded a trading volume of 3.83 million shares, which was above its three months average volume of 2.47 million shares. The Company's shares have gained 8.73% in the last one month, 10.04% in the previous three months, and 37.76% on an YTD basis. The stock is trading 8.05% and 20.84% above its 50-day and 200-day moving averages, respectively. Moreover, shares of New Residential Investment, which focuses on investing in and managing residential mortgage related assets in the US, have a Relative Strength Index (RSI) of 76.92.
On October 26th, 2016, research firm Nomura initiated a 'Neutral' rating on the Company's stock.
On November 16th, 2016, Walter Investment Management Corp. announced that certain affiliated subsidiaries of Walter Capital Opportunity Corp. (Collectively "WCO") have executed a mortgage servicing right ("MSR") purchase and sale agreement with New Residential Mortgage LLC (NRM), a wholly-owned subsidiary of New Residential Investment Corp., pursuant to which, among other things, WCO has agreed to sell to NRM MSRs relating to mortgage loans with an unpaid principal balance of approximately $10 billion and that are sub-serviced by Walter Investment's wholly-owned indirect subsidiary, Ditech Financial LLC. See our free and comprehensive research report on NRZ at:
Chicago, Illinois headquartered Equity Residential's stock saw a slight drop of 0.29%, closing the day at $58.81 with a total trading volume of 1.95 million shares. Shares of the Company, which engages in the acquisition, development, and management of multifamily properties in the US, are trading 4.29% below their 50-day moving average. The stock has an RSI of 37.02.
On October 25th, 2016, Equity Residential reported that earnings per share for Q3 2016 were $0.56 compared to $0.53 in Q3 2015. The company's FFO, as defined by NAREIT, was $0.77 per share for Q3 2016 compared to $0.87 per share in Q3 2015. Normalized FFO for the reported quarter was $0.78 per share compared to $0.89 per share in Q3 2015.
On November 10th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with a decrease of the target price from $70 a share to $67 a share. EQR free research report PDF is just a click away at:
American Homes 4 Rent
On Monday, shares in Malibu, California-based American Homes 4 Rent recorded a trading volume of 2.55 million shares, which was higher than their three months average volume of 2.38 million shares. The stock ended the day 0.85% lower at $20.96. The Company's shares have gained 26.86% since the start of this year, and are trading above their 200-day moving average by 11.60%. Furthermore, shares of American Homes 4 Rent, which engages in the acquisition, renovation, leasing, and operating single-family home rental properties in the US, have an RSI of 50.34.
On November 03rd, 2016, the company reported that total revenues increased 36.8% to $236.1 million in Q3 2016 from $172.6 million for Q3 2015. Net loss attributable to common shareholders was $21.2 million, or $0.09 per basic and diluted share, for Q3 2016, compared to a net loss attributed to common shareholders of $28.6 million, or $0.14 per basic and diluted share, for Q3 2015. Sign up for your complimentary report on AMH at:
Columbia Property Trust
Atlanta, Georgia-based Columbia Property Trust Inc.'s stock climbed 0.89%, finishing yesterday's session at $21.62 and with a total trading volume of 481,115 shares. Shares of the Company, which invests in the real estate markets of the US, are trading below their 200-day moving average by 0.23%. The stock has an RSI of 52.28.
On November 18th, 2016, Columbia Property Trust announced that it has completed more than 100,000 square feet in leases at 80 M Street in Washington, D.C., this year, highlighted by a 15-year, 68,673-square-foot lease with WeWork, one of the world's largest providers of shared office space. Columbia Property Trust also recently secured a renewal of Gryphon Technologies' 24,224-square-foot headquarters lease to keep the military engineering company at 80 M Street and is also bringing defense services provider General Dynamics Information Technology to the building with a new 14,990-square-foot lease. Register for free on Stock-Callers.com and download the latest research report on CXP at:
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