NEW YORK, February 7, 2017 /PRNewswire/ --
This morning, Stock-Callers.com presents the following Diversified REITs for assessment: Empire State Realty Trust Inc. (NYSE: ESRT), Investors Real Estate Trust (NYSE: IRET), Lamar Advertising Co. (NASDAQ: LAMR), and Blackstone Mortgage Trust Inc. (NYSE: BXMT). These real estate investment trusts belong to the Financials sector, which continued to add to its moderate decline in afternoon trade on Monday, February 06th, 2017, with the NYSE Financials Sector Index slipping about 0.4%, while Financials companies in the S&P 500 Index fell about 0.5%. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
Empire State Realty Trust
On Monday, shares in New York-based Empire State Realty Trust Inc. recorded a trading volume of 526,673 shares. The stock ended at $20.61, climbing 0.73% from the last trading session. The Company's shares have gained 1.73% in the last one month, 10.13% over the previous three months, and 2.08% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.58% and 4.17%, respectively. Furthermore, shares of Empire State Realty Trust, which focuses on owning, managing, operating, and acquiring office and retail properties in Manhattan and the greater New York metropolitan area, have a Relative Strength Index (RSI) of 57.39.
On January 27th, 2017, Empire State announced that it has signed a long-term lease with Partner Reinsurance Company of the US for a full-floor tenancy of 56,700 sq. ft. at 200 First Stamford Place. PartnerRe is a leading international reinsurer, serving more than 2,000 clients in more than 150 countries. Visit us today and access our complete research report on ESRT at:
Investors Real Estate Trust
Minot, North Dakota-based Investors Real Estate Trust's stock finished yesterday's session 0.61% lower at $6.51 with a total trading volume of 346,205 shares. The Company's shares have gained 14.14% over the previous three months. The stock is trading above its 200-day moving average by 4.79%. Furthermore, shares of Investors Real Estate Trust, which invests in real estate markets of US, have an RSI of 42.68.
On February 02nd, 2017, Investors Real Estate announced that on January 31st, 2017, its operating partnership, IRET Properties entered into a new unsecured, syndicated revolving credit facility with commitments totaling $250 million. The new facility has a four year initial term and one year extension option, and a $250 million accordion feature, the exercise of which is subject to certain conditions. Additionally, the Company announced that it has completed the sale of ten senior housing properties, containing 900 units, on January 18th, 2017 and February 01st, 2017, by closing on two of the six previously announced sale agreements, for a combined total sales price of $119.5 million. The complimentary report on IRET can be downloaded at:
At the closing bell on Monday, shares in Baton Rouge, Louisiana headquartered Lamar Advertising Co. saw a slight drop of 0.11%, ending the day at $75.00. The stock recorded a trading volume of 629,950 shares. The Company's shares have advanced 7.39% in the last one month, 24.68% in the previous three months, and 11.54% on an YTD basis. The stock is trading 7.79% and 16.72% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Lamar Advertising, which primarily engages in selling advertising space on billboards, buses, shelters, benches, and logo plates, have an RSI of 69.63.
On January 10th, 2017, Lamar announced that it will release its Q4 2016 earnings report before the market opens on February 22nd, 2017. Lamar will host a conference call on the same day at 8:00 a.m. CT to discuss its results.
On January 17th, 2017, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'. Register for free on Stock-Callers.com and access the latest research report on LAMR at:
Blackstone Mortgage Trust
New York headquartered Blackstone Mortgage Trust Inc.'s stock ended the day 0.71% higher at $31.33 with a total trading volume of 631,828 shares. The Company's shares have gained 1.42% in the last month, 9.05% over the previous three months, and 4.19% on an YTD basis. The stock is trading 3.39% above its 50-day moving average and 11.18% above its 200-day moving average. Additionally, shares of Blackstone Mortgage Trust, which originates and purchases senior loans collateralized by properties in North America and Europe, have an RSI of 62.99.
On January 09th, 2017, research firm Wells Fargo downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.
On January 23rd, 2017, Blackstone Mortgage announced that it will publish its Q4 2016 earnings presentation on its website after market close on February 14th, 2017. The Company will also host a conference call to review results on February 15th, 2017 at 10:00 am ET. Get free access to your research report on BXMT at:
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