Technical Reports on REIT Equities -- PennyMac Mortgage Investment Trust, Resource Capital, Hannon Armstrong, and RAIT Financial Trust
NEW YORK, January 24, 2017 /PRNewswire/ --
Diversified REITs invest in a wide variety of real estate assets, including leveraged portfolios of real estate financial products, such as mortgage-backed securities, agency and non-agency mortgage investments, and other debt, along with physical properties. This morning, Stock-Callers.com dedicates attention to: PennyMac Mortgage Investment Trust (NYSE: PMT), Resource Capital Corp. (NYSE: RSO), Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI), and RAIT Financial Trust (NYSE: RAS). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
http://stock-callers.com/registration
PennyMac Mortgage Investment Trust
On Monday, shares in Moorpark, California-based PennyMac Mortgage Investment Trust recorded a trading volume of 242,204 shares. The stock ended at $17.11, climbing 0.65% from the last trading session. The Company's shares have gained 4.19% in the last one month, 17.93% over the previous three months, and 4.52% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.39% and 16.63%, respectively. Furthermore, shares of PennyMac Mortgage Investment Trust, which invests primarily in residential mortgage loans and mortgage-related assets in the US, have a Relative Strength Index (RSI) of 62.60.
On December 20th, 2016, PennyMac Mortgage Investment Trust's Board of Trustees declared a cash dividend of $0.47 per common share of beneficial interest for Q4 2016. This dividend will be paid on January 27th, 2017, to common shareholders of record as of December 30th, 2016. Visit us today and access our complete research report on PMT at:
http://stock-callers.com/registration/?symbol=PMT
Resource Capital
New York-based Resource Capital Corp.'s stock finished yesterday's session 0.48% lower at $8.37, with a total trading volume of 137,135 shares. The Company's shares have gained 2.45% in the last one month and 0.48% on an YTD basis. The stock is trading below its 50-day moving average by 6.03%. Furthermore, shares of Resource Capital, which primarily focuses on originating, holding, and managing commercial mortgage loans and other commercial real estate-related debt and equity investments in the US, have an RSI of 42.93.
On December 15th, 2016, Resource Capital announced that its Board of Directors has declared a cash dividend of $0.05 per common share for the quarter ending December 31st, 2016. The dividend will be paid on January 27th, 2017, to holders of record on December 30th, 2016. The complimentary report on RSO can be downloaded at:
http://stock-callers.com/registration/?symbol=RSO
Hannon Armstrong
At the closing bell on Monday, shares in Annapolis, Maryland headquartered Hannon Armstrong Sustainable Infrastructure Capital Inc. rose 0.05%, ending the day at $19.14. The stock recorded a trading volume of 131,743 shares. The Company's shares have advanced 0.79% on an YTD basis. The stock is trading 1.66% below its 50-day moving average. Moreover, shares of the Company, which provides debt and equity financing to the energy efficiency and renewable energy markets in the US, have an RSI of 44.73.
On December 15th, 2016, Hannon Armstrong Sustainable announced that CounterPointe Sustainable Real Estate LLC ("CSRE") and Hannon Armstrong will work jointly on Commercial Property Assessed Clean Energy (C-PACE) opportunities. CSRE is the C-PACE focused affiliate of CounterPointe Energy Solutions LLC (CounterPointe) a PACE Program Administrator responsible for residential and commercial PACE programs in CA, FL and NJ. The partnership will combine Hannon Armstrong's deep experience and relationship base in the efficiency and renewable energy markets with CounterPointe's PACE relationships and comprehensive knowledge of commercial real estate finance. Register for free on Stock-Callers.com and access the latest research report on HASI at:
http://stock-callers.com/registration/?symbol=HASI
RAIT Financial Trust
Philadelphia, Pennsylvania-based RAIT Financial Trust's stock ended the day 1.09% higher at $3.71, with a total trading volume of 349,595 shares. The Company's shares have gained 12.83% in the last month, 21.49% over the previous three months, and 13.17% on an YTD basis. The stock is trading 15.80% above its 50-day moving average and 24.59% above its 200-day moving average. Additionally, shares of RAIT Financial Trust, which through its subsidiaries, invests in, manages, and services real estate-related assets with a focus on commercial real estate, have an RSI of 68.41.
On January 10th, 2017, RAIT Financial Trust announced that it has sold four apartment properties in the period from December 2016 through January 06th, 2017, in separate transactions, which generated aggregate gross proceeds of $109.2 million. RAIT sold a 369 unit property located in Tampa, Florida, a 98 unit property in Las Vegas, Nevada, a 300 unit property in Austin, Texas and a 396 unit property in Orlando, Florida. After using approximately $94.4 million of these gross proceeds to pay transaction costs and to repay related indebtedness, RAIT received aggregate net proceeds of approximately $14.8 million. Since the beginning of 2016, RAIT has generated $374.5 million of aggregate gross proceeds from property sales from its property portfolio and repaid $325.6 million of related indebtedness. Get free access to your research report on RAS at:
http://stock-callers.com/registration/?symbol=RAS
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