This Morning's Technical Outlook on REIT Stocks -- Rexford Industrial Realty, Extra Space Storage, First Industrial Realty Trust, and Uniti
NEW YORK, Dec. 15, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on REXR, EXR, FR, and UNIT which is a click away at www.wallstequities.com/registration. For today, WallStEquities.com revisits the Industrial REITs industry, which owns and manages industrial facilities, and rent space in those properties to tenants. Equities to be evaluated this morning are: Rexford Industrial Realty Inc. (NYSE: REXR), Extra Space Storage Inc. (NYSE: EXR), First Industrial Realty Trust Inc. (NYSE: FR), and Uniti Group Inc. (NASDAQ: UNIT). With Wall St. Equities' free research reports get an edge over stock markets, sign up now at:
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Rexford Industrial Realty
California-based Rexford Industrial Realty Inc.'s shares declined 0.23%, closing Thursday's trading session at $30.71. The stock recorded a trading volume of 439,178 shares. The Company's shares have advanced 1.32% in the last month, 2.50% over the previous three months, and 32.43% since the start of this year. The stock is trading 1.42% above its 50-day moving average and 11.61% above its 200-day moving average. Additionally, shares of the Company, which invests in the real estate markets of Southern California, US, have a Relative Strength Index (RSI) of 50.58.
On November 29th, 2017, Rexford Industrial Realty announced the acquisition of four, Los Angeles industrial properties - 687 Eucalyptus Avenue, located in Inglewood; 15401 S. Figueroa Street in Gardena; 13225 S. Western Avenue in Gardena; and 8542 Slauson Avenue in Pico Rivera - for approximately $69.6 million. The acquisitions were funded using cash on hand, draws on the Company's line of credit, and proceeds from two dispositions, totaling $30.6 million. The Company also sold 12345 First American Way in the Central San Diego submarket for approximately $7.6 million. Our free and thorough report on REXR awaits you at:
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Extra Space Storage
On Thursday, shares in Utah-based Extra Space Storage Inc. recorded a trading volume of 906,335 shares. The stock declined 1.14%, ending the day at $86.60. The Company's shares have advanced 0.30% in the past month, 9.52% in the previous three months, and 12.12% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.10% and 9.89%, respectively. Furthermore, shares of the Company, which operates as a REIT in the US, have an RSI of 54.93.
On December 06th, 2017, Extra Space Storage (EXR) announced that it has been honored with the Glassdoor Employees' Choice Award, recognizing the Best Places to Work in 2018. This awards program relies solely on the input of employees who elect to provide feedback on their jobs, work environments, and companies via Glassdoor. Additionally, EXR was recently recognized as a winner of Utah Business Magazine's Best Companies to Work For, under the massive category for 2017.
On December 13th, 2017, research firm Morgan Stanley upgraded the Company's stock rating from 'Underweight' to 'Equal-Weight'. EXR's complimentary research coverage is a few simple steps away at:
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First Industrial Realty Trust
US-domiciled First Industrial Realty Trust Inc.'s stock finished the day 0.15% lower at $32.22. A total volume of 826,745 shares was traded, which was above their three months average volume of 755,360 shares. The Company's shares have advanced 0.09% in the last one month, 2.61% in the previous three months, and 14.87% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.94% and 8.78%, respectively. Additionally, shares of the Company, which makes investments in industrial properties, have an RSI of 52.89.
On December 13th, 2017, First Industrial Realty Trust announced that it entered into a note and guaranty agreement to issue $300 million of fixed rate senior unsecured notes in a private placement offering with a weighted average interest rate of 3.91%. The notes are comprised of two tranches: $150 million of 3.86% Series C Guaranteed Senior Notes with a ten-year term, and $150 million of 3.96% Series D Guaranteed Senior Notes with a 12-year term. The Company anticipates closing the offering on or about February 15th, 2018. Register for your free research report on FR at:
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Uniti Group
Shares in Arkansas-based Uniti Group Inc. ended yesterday's session 1.51% lower at $17.63. The stock recorded a trading volume of 2.80 million shares. The Company's shares have advanced 12.22% in the last one month. The stock is trading 8.20% above its 50-day moving average. Moreover, shares of Uniti, which engages in the acquisition and construction of mission critical communications industry in the US and Mexico, have an RSI of 65.39. Wall St. Equities' downloadable research report on UNIT available at:
www.wallstequities.com/registration/?symbol=UNIT
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