How These REIT Stocks are Faring? -- Macerich, SL Green Realty, Equity One, and Pennsylvania REIT
NEW YORK, November 15, 2016 /PRNewswire/ --
Today, Stock-Callers.com highlights four Retail REITs, namely: The Macerich Co. (NYSE: MAC), SL Green Realty Corp. (NYSE: SLG), Equity One Inc. (NYSE: EQY), and Pennsylvania Real Estate Investment Trust (NYSE: PEI). These real estate investment trusts belong to the Financials sector, which continued to advance on Monday, November 14th, 2016, with the NYSE Financial Sector Index climbing nearly 2.1%, and financial companies in the S&P 500 Index rising just under 1.6%. Register now and get full and free access to our downloadable research reports on these stocks at:
http://stock-callers.com/registration
Macerich
Santa Monica, California headquartered The Macerich Co.'s stock finished Monday's session 3.21% higher at $72.04. A total volume of 995,867 shares was traded, which was above their three months average volume of 885,720 shares. The Company's shares are trading 5.18% below their 50-day moving average. Additionally, shares of Macerich, which invests in the real estate markets of the US, have a Relative Strength Index (RSI) of 50.26.
On November 7th, 2016, research firm Mizuho upgraded the Company's stock rating from 'Neutral' to 'Buy', issuing a target price of $84 per share.
On November 14th, 2016, Macerich announced new common area locations across its portfolio for WithMe. WithMe is the on-demand retail store platform for brands to feature limited-time collections and exclusive products with a customer experience that blends the best of traditional and online shopping. Access our complete research report on MAC for free at:
http://stock-callers.com/registration/?symbol=MAC
SL Green Realty
On Monday, shares in New York-based SL Green Realty Corp. recorded a trading volume of 1.71 million shares, which was higher than their three months average volume of 801,660 shares. The stock ended the session 3.75% higher at $107.39. The Company's shares have advanced 2.21% in the last one month. The stock is trading 1.56% above its 50-day moving average and 5.21% above its 200-day moving average. Moreover, shares of SL Green Realty, which engages in the property management, acquisitions, financing, development, construction, and leasing, have an RSI of 63.91.
On October 20th, 2016, SL Green Realty Corp. announced that two tenants have signed leases totaling 111,342 square feet at 55 W. 46th St., also known as Tower 46, the 34-story office tower jointly owned by SL Green and Prudential Real Estate Investors. Prominent law firm Nixon Peabody LLP signed a 15-year lease covering 66,297 square feet for floors 23-25 and Comcast Cable Communications Management LLC, a subsidiary of Comcast Corporation which develops, manages, and operates broadband communication networks, signed a 10-year lease covering 45,045 square feet on the building's top two floors.
On October 25th, 2016, research firm Deutsche Bank reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $131 a share to $126 a share. The complimentary research report on SLG can be downloaded at:
http://stock-callers.com/registration/?symbol=SLG
Equity One
Shares in New York-based Equity One Inc. closed the day 2.24% higher at $27.87. The stock recorded a trading volume of 987,253 shares, which was higher than its three months average volume of 698,130 shares. The Company's shares have gained 4.99% on an YTD basis. The stock is trading 4.88% below its 200-day moving average. Additionally, shares of Equity One, which owns, manages, acquires, develops and redevelops shopping centers and retail properties, have an RSI of 44.85.
On November 14th, 2016, Regency Centers Corp. and Equity One announced that they have entered into a definitive merger agreement under which Equity One will merge with and into Regency, with Regency continuing as the surviving public company and creating the pre-eminent shopping center REIT. The combined company is expected to have a pro-forma equity market capitalization of approximately $11.7 billion and a total market capitalization of $15.6 billion, making it the largest REIT by equity value in the shopping center index. Register for free on Stock-Callers.com and get access to the latest PDF format report on EQY at:
http://stock-callers.com/registration/?symbol=EQY
Pennsylvania REIT
At the close, shares in Philadelphia, Pennsylvania-based Pennsylvania REIT ("PREIT") ended at $20.33, gaining 2.52%. The stock recorded a trading volume of 739,457 shares, which was higher than its three months average volume of 571,220 shares. The Company's shares are trading below their 200-day moving average by 6.19%. Furthermore, shares of Pennsylvania REIT, which manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern US, have an RSI of 50.88.
On November 14th, 2016, PREIT announced it has executed leases with two exciting retailers - ULTA Beauty and DSW - as part of its $30 million remerchandising and renovation program at Mall at Prince Georges in suburban Washington, D.C. An 11,000-square foot ULTA Beauty, and a 16,000-square foot DSW location are scheduled to open in Q2 2018. Download your free research report on PEI at:
http://stock-callers.com/registration/?symbol=PEI
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article