Morning Technical Insight on These REIT Stocks -- AvalonBay Communities, Capstead Mortgage, Camden Property Trust, and Education Realty Trust
NEW YORK, Nov. 30, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on AVB, CMO, CPT, and EDR which is a click away at www.wallstequities.com/registration. According to a Seeking Alpha article, REIT share prices are in discount territory and property prices are high, making new equity acquisitions expensive. The article further noted that 2018 looks set to be a year of consolidation and refinancing rather than one of new acquisitions; industry consolidation through M&A should be expected over new capital deployment. This morning, WallStEquities.com monitors four Residential REITs to see how they have fared at the close of the last trading session: AvalonBay Communities Inc. (NYSE: AVB), Capstead Mortgage Corp. (NYSE: CMO), Camden Property Trust (NYSE: CPT), and Education Realty Trust Inc. (NYSE: EDR). In its free research reports, Wall St. Equities offers timely insights on these equities at: www.wallstequities.com/registration
AvalonBay Communities
Arlington, Virginia-based AvalonBay Communities Inc.'s shares climbed 0.42%, finishing Wednesday's trading session at $182.04. A total volume of 519,555 shares was traded. In the last month and since the start of this year, the stock has advanced 0.08% and 2.76%, respectively. The Company's shares are trading above their 50-day moving average by 0.20%. Moreover, shares of AvalonBay Communities, which engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the US, have a Relative Strength Index (RSI) of 46.25.
On November 09th, 2017, research firm UBS upgraded the Company's stock rating from 'Neutral' to 'Buy' while revising its previous target price from $190 a share to $206 a share.
On November 09th, 2017, AvalonBay Communities announced that its Board of Directors declared a cash dividend on the Company's common stock (par value $0.01 per share) for Q4 2017. The common stock dividend is $1.42 per share and is payable on January 16th, 2018, to all common stockholders of record as of December 29th, 2017. Today's daily Complimentary report on AVB is accessible at: www.wallstequities.com/registration/?symbol=AVB
Capstead Mortgage
On Wednesday, shares in Dallas, Texas headquartered Capstead Mortgage Corp. recorded a trading volume of 550,909 shares, and ended the session 1.09% higher at $9.25. The stock has gained 3.35% in the last one month. The Company's shares are trading 0.64% below their 50-day moving average. Furthermore, share of Capstead Mortgage, which operates as REIT in the US, have an RSI of 58.83. To experience our free membership services anytime/ anywhere and access the free report on CMO, click to register at: www.wallstequities.com/registration/?symbol=CMO
Camden Property Trust
Shares in Houston, Texas headquartered Camden Property Trust closed at $91.59, slightly down 0.46% from the last trading session. The stock recorded a trading volume of 1.23 million shares, which was above its three months average volume of 734,650 shares. The Company's shares have gained 0.55% in the last one month, 1.90% over the previous three months, and 8.94% since the start of this year. The stock is trading 5.04% above its 200-day moving average. Additionally, shares of the Company, which invests in the real estate markets of the US, have an RSI of 42.92. Join our big investor community at Wall St. Equities today and start so with your free report on CPT at: www.wallstequities.com/registration/?symbol=CPT
Education Realty Trust
Memphis, Tennessee-based Education Realty Trust Inc.'s stock ended 0.05% higher at $36.72 with a total trading volume of 499,207 shares. The Company's shares have advanced 4.50% in the last one month. The stock is trading above its 50-day moving average by 0.75%. Furthermore, shares of the Company, which invests collegiate housing communities, have an RSI of 57.52.
On November 08th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $43 a share to $40 a share. Know more about EDR in our free research coverage at: www.wallstequities.com/registration/?symbol=EDR
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