NEW YORK, August 18, 2017 /PRNewswire/ --
If you want a Stock Review on SKT, SPG, O, or SLG then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. For today, DailyStockTracker.com monitors Tanger Factory Outlet Centers Inc. (NYSE: SKT), Simon Property Group Inc. (NYSE: SPG), Realty Income Corp. (NYSE: O), and SL Green Realty Corp. (NYSE: SLG). These companies belong to the Retail REIT space, which own and manage retail properties and rent space in those properties to tenants. Retail REITs focus on large regional malls, while others focus on grocery-anchored shopping centers and power centers that feature big-box retailers. Access DailyStockTracker.com's complimentary reports for today's stocks line-up at:
Tanger Factory Outlet Centers
Shares in Greensboro, North Carolina-based Tanger Factory Outlet Centers Inc. saw a slight decline of 0.65%, ending Thursday's trading session at $24.32. The stock recorded a trading volume of 1.36 million shares. The Company's shares are trading 7.32% below their 50-day moving average. Moreover, shares of Tanger Factory Outlet Centers, which invests in the real estate markets in US, have a Relative Strength Index (RSI) of 34.32.
On August 01st, 2017, Tanger Factory Outlet Centers reported financial and operating results for the three and six months ended June 30th, 2017. For Q2 2017, net income was $29.1 million, funds from operations ("FFO") were $59.4 million, and adjusted funds from operations ("AFFO") were $59.4 million. For the six months ended June 30th, 2017, net income was $51.1 million, FFO was $117.1 million, and AFFO was $117.7 million.
On August 14th, 2017, research firm Evercore ISI downgraded the Company's stock rating from 'Outperform' to 'In-line'. Visit us today and access your complete report on SKT for free at:
Indianapolis, Indiana-based Simon Property Group Inc.'s stock declined 0.47%, closing the day at $157.20 with a total trading volume of 1.28 million shares. The Company's shares have advanced 2.07% in the previous three months. The stock is trading 1.82% below its 50-day moving average. Additionally, shares of Simon Property, which invests in the real estate markets across the globe, have an RSI of 43.69.
On August 08th, 2017, Simon Property announced that it has launched the industry's first enterprise-wide bot on Facebook Messenger that provides a complete concierge experience. Shoppers at all 208 Simon Malls®, The Mills®, and Premium Outlets® in North America now have yet another option for accessing relevant and useful information as they shop, including store and restaurant details, hours of operation, special events, daily promotions, and a list of available amenities. The complimentary research report on SPG can be accessed at:
On Thursday, shares in Escondido, California-based Realty Income Corp. recorded a trading volume of 1.55 million shares. The stock ended the day 0.73% lower at $57.19. The Company's shares have advanced 0.05% in the past month and 6.26% in the previous three months. The stock is trading above its 50-day moving average by 1.51%. Furthermore, shares of Realty Income, which makes investments in commercial real estate, have an RSI of 51.51.
On July 18th, 2017, research firm Canaccord Genuity initiated a 'Buy' rating on the Company's stock, with a target price of $61 per share.
On July 26th, 2017, Realty Income announced operating results for Q2 and six months ended June 30th, 2017. For Q2 2017, revenue was $300.2 million; net income was $81.1 million; FFO was $203.3 million; and AFFO was $208.4 million. For the six months ended June 30th, 2017, revenue was $598.2 million, net income was $152.7 million, FFO was $390.5 million, and AFFO was $409.7 million. Register for free on DailyStockTracker.com and download the research report on O at:
SL Green Realty
New York-based SL Green Realty Corp.'s stock dropped 1.55%, finishing yesterday's session at $97.66 with a total trading volume of 625,317 shares. The Company's shares are trading below their 50-day moving average by 5.74%. Shares of the Company, which engages in the property management, acquisitions, financing, development, construction, and leasing, have an RSI of 32.21.
On August 10th, 2017, SL Green Realty announced an agreement to sell 16 Court Street, a 317,600-square-foot office building in Brooklyn, New York, for a gross sale price of $171.0 million to CIM Group, a full-service real estate and infrastructure fund manager. This transaction is expected to close during Q4 2017, subject to customary closing conditions. The sale will generate net cash proceeds of approximately $164.0 million.
On August 16th, 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'. Get free access to your research report on SLG at:
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SOURCE Chelmsford Park SA