Pre-Market Technical Scan on REIT Equities -- American Homes 4 Rent, Preferred Apartment Communities, ARMOUR Residential REIT, and Dynex Capital
NEW YORK, Jan. 23, 2018 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on AMH, APTS, ARR, and DX which can be accessed for free by signing up to www.wallstequities.com/registration. This morning, WallStEquities.com monitors four Residential REIT stocks, namely: American Homes 4 Rent (NYSE: AMH), Preferred Apartment Communities Inc. (NYSE: APTS), ARMOUR Residential REIT Inc. (NYSE: ARR), and Dynex Capital Inc. (NYSE: DX). According to Timbercreek's "Global Real Estate Securities – 2018 Market Outlook," its bottom-up fundamental analysis currently suggests that global REITs are priced to deliver another year of positive total returns for 2018 in the range of 8% to 10%. This return consists of a 4.6% cash flow yield and 4% to 5% earnings growth, driven by higher realizable rents as leases expire at below current market levels, completion of redevelopment and development projects currently underway, and new accretive property acquisitions. All you have to do is sign up today for this free limited time offer by clicking the link below.
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American Homes 4 Rent
On Monday, shares in Malibu, California-based American Homes 4 Rent recorded a trading volume of 2.09 million shares, which was above their three months average volume of 1.96 million shares. The stock ended the session 0.78% higher at $20.57. The Company's shares are trading 4.44% below their 50-day moving average. Moreover, shares of the Company, which engages in the acquisition, renovation, leasing, and operating single-family home rental properties in the US, have a Relative Strength Index (RSI) of 36.87. Get the full research report on AMH for free by clicking below at: www.wallstequities.com/registration/?symbol=AMH
Preferred Apartment Communities
US-based Preferred Apartment Communities Inc.'s stock closed the day 1.12% higher at $17.21 with a total trading volume of 299,398 shares. The Company's shares have advanced 22.67% over the past year. The stock is trading 3.50% below its 200-day moving average. Additionally, shares of the Company, which invests in real estate markets of the US, have an RSI of 25.28.
On January 09th, 2018, Preferred Apartment Communities announced the acquisition of Lux, a 265-unit Class A multifamily community in Jacksonville, Florida constructed in 2017. Lux is located adjacent to Sorrel, a Class A multifamily community that the Company acquired in 2016.
On January 11th, 2018, research firm SunTrust initiated a 'Hold' rating on the Company's stock, with a target price of $20 per share. Free research on APTS can be accessed at: www.wallstequities.com/registration/?symbol=APTS
ARMOUR Residential REIT
Shares in Vero Beach, Florida-based ARMOUR Residential REIT Inc. recorded a trading volume of 364,897 shares. The stock ended yesterday's trading session 0.08% lower at $24.76. The Company's shares have advanced 14.21% over the past year. The stock is trading below its 50-day moving average by 1.99%. Furthermore, shares of the Company, which invests in residential mortgage backed securities in the US, have an RSI of 42.11.
On January 02nd, 2018, ARMOUR Residential REIT confirmed a cash dividend of $0.19 per share on its common stock for January 2018, payable on January 29th, 2018 to stockholders of record as of January 16th, 2018. The Company also declared cash dividends of $0.17 and $0.17 per share on its Series A and Series B Preferred Stocks for January 2018, respectively, which are both payable on January 29th, 2018 to stockholders of record as of January 15th, 2018. Visit WallStEquities.com now and sign up for the free research on ARR at: www.wallstequities.com/registration/?symbol=ARR
Dynex Capital
Glen Allen, Virginia headquartered Dynex Capital Inc.'s stock finished Monday's session 0.43% lower at $6.90 with a total trading volume of 288,244 shares. The Company's shares have advanced 2.22% over the past year. The stock is trading below its 200-day moving average by 2.09%. Additionally, shares of Dynex Capital, which invests in mortgage-backed securities on a leveraged basis in the US, have an RSI of 41.88. The free technical report on DX is available at: www.wallstequities.com/registration/?symbol=DX
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