Morning Briefing on REITs Stocks -- Research on ARMOUR Residential REIT, New Residential Investment, Two Harbors Investment, and Altisource Residential
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LONDON, May 9, 2014 /PRNewswire/ --
The trading session on Thursday, May 08, 2014 ended on a mixed note as the Dow Jones Industrial Average finished at 16,550.97, up 0.20% and the NASDAQ Composite closed at 4,051.50, down 0.40%. The S&P 500 finished the day 0.14% lower at 1,875.63. During the trading session five out of ten sectors finished on a higher note. The S&P 500 Financials Sector Index ended the day 0.24% higher at 295.38, and the index has gained 3.04% in the previous three months. Investor-Edge has initiated coverage on the following equities: ARMOUR Residential REIT Inc. (NYSE: ARR), New Residential Investment Corp. (NYSE: NRZ), Two Harbors Investment Corp. (NYSE: TWO) and Altisource Residential Corp. (NYSE: RESI). Free technical research on ARR, NRZ, TWO and RESI can be downloaded upon signing up at:
http://www.investor-edge.com/2346-register
Shares in ARMOUR Residential REIT Inc. finished Thursday's session 0.94% lower at $4.22. A total of 4.29 million shares were traded, above its three months average volume of 4.24 million shares. The stock moved between $4.21 and $4.28 during the session. ARMOUR Residential REIT Inc.'s shares have advanced 0.24% in the previous three trading sessions and 5.24% from the beginning of 2014. However, the stock has declined 1.17% in the last one month. The company's shares are trading at par with their 50-day moving average. The stock's 50-day moving average of $4.22 is above its 200-day moving average of $4.15. Moreover, ARMOUR Residential REIT Inc.'s stock has a Relative Strength Index (RSI) of 57.36. Sign up today to read free research on ARR at:
http://www.investor-edge.com/2346-ARR-09May2014.pdf
On Thursday, shares in New Residential Investment Corp. fluctuated between $6.34 and $6.42 before ending the session 0.47% lower at $6.35. The company's stock reported a trading volume of 2.02 million shares, below its three months average volume of 2.16 million shares. Over the previous three trading sessions and in the last one month, shares in New Residential Investment Corp. have gained 0.32% and 0.47%, respectively. The company's shares have lost 4.94% on YTD basis. New Residential Investment Corp.'s stock is trading below its 50-day and 200-day moving averages of $6.42 and $6.41, respectively. Further, the company's shares have an RSI of 55.14. Sign up today to read free research on NRZ at:
http://www.investor-edge.com/2346-NRZ-09May2014.pdf
On Thursday, shares in Two Harbors Investment Corp. recorded a trading volume of 6.23 million shares, much above its three months average volume of 3.92 million shares. The stock finished the day at $10.27, which was 2.10% lower its previous day's closing of $10.49, and registered an intraday range of $10.22 and $10.42. Two Harbors Investment Corp.'s stock has fallen by 0.87% in the previous three trading sessions and 1.06% in the last one month, while it has gained 10.67% on YTD basis. The company's stock is trading below its 50-day moving average. Two Harbors Investment Corp.'s 50-day moving average of $10.35 is above its 200-day moving average of $9.79. Furthermore, the company's stock traded at a PE ratio of 11.77 and has an RSI of 61.07. Sign up today to read free research on TWO at:
http://www.investor-edge.com/2346-TWO-09May2014.pdf
Altisource Residential Corp.'s stock edged 0.59% higher on Thursday, closing the day at $25.77. The stock recorded a trading volume of 0.85 million shares, which was below its three months average volume of 1.16 million shares. The stock oscillated between $25.22 and $26.31 during the session. Shares of the company traded at a PE ratio of 14.86. However, Altisource Residential Corp.'s shares have lost 4.73% in the previous three trading sessions, 11.26% in the last one month and 14.16% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages of $29.19 and $26.36, respectively. Moreover, the company's stock has an RSI of 29.49. Sign up today to read free research on RESI at:
http://www.investor-edge.com/2346-RESI-09May2014.pdf
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