Breakfast Technical Briefing on REIT Stocks -- Lamar Advertising, MTGE Investment, Brandywine Realty Trust, and Blackstone Mortgage Trust
NEW YORK, July 31, 2017 /PRNewswire/ --
If you want a Stock Review on LAMR, MTGE, BDN, or BXMT then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. When investors find themselves in a rising-rate environment, one of the areas that often becomes "an-avoid" for most is the REIT sector. This segment tends to benefit from low interest rates, and its high yields can sometimes become less attractive relative to safer bonds as interest rates increase across the board, according to a Zacks report. This morning, DailyStockTracker.com shifts focus on four Diversified REITs to see how they have fared over the past trading sessions: Lamar Advertising Co. (NASDAQ: LAMR), MTGE Investment Corp. (NASDAQ: MTGE), Brandywine Realty Trust (NYSE: BDN), and Blackstone Mortgage Trust Inc. (NYSE: BXMT). Daily Stock Tracker published free research reports on these stocks today at:
http://dailystocktracker.com/register/
Lamar Advertising
Baton Rouge, Louisiana headquartered Lamar Advertising Co.'s stock saw a slight decline of 0.49%, finishing last Friday's trading session at $71.25. A total volume of 317,394 shares was traded. The Company's shares have gained 5.96% since the start of this year. The stock is trading above its 200-day moving average by 0.54%. Additionally, shares of Lamar Advertising, which engages in selling advertising space on billboards, buses, shelters, benches, and logo plates, have a Relative Strength Index (RSI) of 44.84.
On July 05th, 2017, Lamar Advertising announced that it will release its Q2 ended June 30th, 2017 earnings report before the market opens on August 08th, 2017. The Company will host a conference call on the same day at 8:00 a.m. CT to discuss the results and answer questions relating to its operations. The live webcast of the call may be accessed on the Company's website.
On July 26th, 2017, research firm Wells Fargo downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. See our free and comprehensive research report on LAMR at:
http://dailystocktracker.com/registration/?symbol=LAMR
MTGE Investment
Shares in Bethesda, Maryland headquartered MTGE Investment Corp. ended at $18.55, down 0.80% from the last trading session. The stock recorded a trading volume of 321,095 shares. The Company's shares have advanced 3.06% over the previous three months and 18.15% since the start of this year. The stock is trading 7.92% above its 200-day moving average. Moreover, shares of MTGE Investment, which operates as a REIT in the US, have an RSI of 44.94.
On July 11th, 2017, MTGE Investment announced that it will report Q2 2017 earnings after market close on August 02nd, 2017. The Company will hold a stockholder call and live audio webcast on August 03rd, 2017 at 8:30 am ET. The live webcast of the call may be accessed on the Company's website. MTGE free research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=MTGE
Brandywine Realty Trust
On Friday, shares in Radnor, Pennsylvania-based Brandywine Realty Trust recorded a trading volume of 1.13 million shares. The stock declined 0.24%, closing the day at $16.77. The Company's shares have gained 1.57% on an YTD basis. The stock is trading 2.48% above its 200-day moving average. Additionally, shares of Brandywine Realty Trust, which invests in real estate markets of the US, have an RSI of 38.72.
On July 20th, 2017, Brandywine Realty Trust reported its financial and operating results for the three- and six-month periods ended June 30th, 2017. For Q2 2017, net income to common shareholders totaled $4.1 million, and funds from operations (FFO) available to common shares and units were $57.4 million. For the first six months of 2017, net income totaled $23.4 million, and FFO totaled $113.5 million. Sign up for your complimentary report on BDN at:
http://dailystocktracker.com/registration/?symbol=BDN
Blackstone Mortgage Trust
At the close of trading on Friday, shares in New York headquartered Blackstone Mortgage Trust Inc. recorded a trading volume of 534,290 shares. The stock finished the session 0.13% lower at $30.61. The Company's shares have gained 1.80% since the start of this year. The stock is trading below its 200-day moving average by 0.23%. Furthermore, shares of Blackstone Mortgage Trust, which originates and purchases senior loans collateralized by properties in North America and Europe, have an RSI of 37.20.
On July 25th, 2017, Blackstone Mortgage Trust reported its second-quarter 2017 results. Highlights for the quarter included: GAAP earnings of $0.53 per share, core earnings of $0.60 per share, and book value of $26.38 per share. Q2 2017 loan originations totaled $1.5 billion and were 100% floating rate, senior loans with a weighted average LTV of 61%. Additionally, the Company closed the initial $133 million of loans and two, new credit facilities totaling $450 million for the BXMT-Walker & Dunlop joint venture subsequent to quarter end. Register for free on DailyStockTracker.com and download the latest research report on BXMT at:
http://dailystocktracker.com/registration/?symbol=BXMT
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