Technical Reports on REIT Stocks -- New York REIT, Parkway, Kilroy Realty, and Columbia Property Trust
NEW YORK, December 30, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com tracks the performances of the following Office REITs: New York REIT Inc. (NYSE: NYRT), Parkway Inc. (NYSE: PKY), Kilroy Realty Corp. (NYSE: KRC), and Columbia Property Trust Inc. (NYSE: CXP). These real estate investment trusts belong to the Financials sector which ended in a deep hole on Thursday, December 29th, 2016, with the NYSE Financial Sector Index sinking 0.3%, while Financials companies in the S&P 500 Index declined more than 0.7%. Download the free research reports on these stocks today:
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New York REIT
New York REIT Inc.'s shares gained 0.10%, closing Thursday's trading session at $10.09. The stock recorded a trading volume of 1.15 million shares. Shares of the Company have advanced 3.06% in the last month and 10.50% in the previous three months. The stock is trading 4.46% above its 50-day moving average and 6.09% above its 200-day moving average. Additionally, shares of New York REIT, which focuses on acquiring commercial real estate, as well as acquiring properties or making other real estate investments that relate to office, retail, multi-family residential, industrial, and hotel property types located primarily in New York City, have a Relative Strength Index (RSI) of 64.08.
On December 21st, 2016, New York REIT announced the closing of a new $760 million financing secured by 12 assets. The Company intends to use the proceeds from the financing to repay its existing credit facility in full, to provide liquidity for the exercise of its option to acquire all or substantially all of the remaining equity interest in Worldwide Plaza that the Company currently does not own, and to provide increased flexibility to allow the Company to proceed with its proposed plan of liquidation and dissolution, subject to stockholder approval. See our free and comprehensive research report on NYRT at:
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Parkway
On Thursday, Orlando, Florida-based Parkway Inc.'s stock recorded a trading volume of 268,502 shares, and edged 2.46% higher, ending the day at $21.67. The Company's shares have advanced 14.23% in the last month, 22.92% over the previous three months, and 43.50% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.85% and 25.57%, respectively. Furthermore, shares of Parkway, which engages in the ownership, acquisition, development, and leasing of office assets in Houston, Texas submarkets, have an RSI of 70.28. PKY free research report PDF is just a click away at:
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Kilroy Realty
Los Angeles, California-based Kilroy Realty Corp.'s stock finished the day 1.51% higher at $71.48 with a total trading volume of 439,819 shares. The Company's shares have gained 0.16% in the last one month, 7.59% in the previous three months, and 18.63% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.09% and 9.28%, respectively. Additionally, shares of Kilroy Realty, which invests in real estate markets of the US, have an RSI of 49.81.
On December 14th, 2016, Kilroy Realty announced that its board of directors declared a special cash dividend of $1.90 per common share and a regular quarterly cash dividend of $0.375 per common share. The Company stated that the purpose of the special cash dividend is to distribute taxable income to common stockholders primarily related to gains from the sale of real property in 2016. The payment of the regular quarterly dividend of $0.375 per share and the special dividend of $1.90 per share will result in a total payment of $2.275 per common share payable on January 13th, 2017 to stockholders of record on December 30th, 2016. Sign up for your complimentary report on KRC at:
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Columbia Property Trust
Shares in Atlanta, Georgia-based Columbia Property Trust Inc. ended yesterday's session 0.67% higher at $21.14 with a total trading volume of 454,190 shares. The stock is trading 0.32% above its 50-day moving average. Shares of the Company, which focuses on investing in and managing high-quality commercial office properties, have an RSI of 51.48.
On December 15th, 2016, Columbia Property announced that it has exited the Dallas and Phoenix markets with the recent sales of two office properties: CVS Health Tower, a Class-A office building located at 750 W. John Carpenter Freeway in the suburb of Irving, Texas, and SanTan Corporate Center, a Class-A office property located at 3100 and 3200 West Ray Road in Chandler, Arizona. Columbia stated that it will use the $109.5 million in total gross proceeds from both sales for reinvestment in its target markets.
On December 22nd, 2016, research firm SunTrust initiated a 'Hold' rating on the Company's stock, with a target price of $21 per share. Register for free on Stock-Callers.com and download the latest research report on CXP at:
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SOURCE Chelmsford Park SA
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