REIT Stocks Under Scanner -- STORE Capital, Gaming and Leisure Properties, Apollo Commercial Real Estate Finance, and Colony Starwood Homes
NEW YORK, December 16, 2016 /PRNewswire/ --
Diversified REITs invest in a wide variety of real estate assets, including leveraged portfolios of real estate financial products, such as mortgage backed securities, agency and non-agency mortgage investments, and other debt, along with physical properties. REITs are required to pay out most of their earnings in dividends, and as a result tend to offer very high dividend yields. Pre-market, Stock-Callers.com recalls the latest performances of STORE Capital Corp. (NYSE: STOR), Gaming and Leisure Properties Inc. (NASDAQ: GLPI), Apollo Commercial Real Estate Finance Inc. (NYSE: ARI), and Colony Starwood Homes (NYSE: SFR). You can access of our complimentary research reports on these stocks now at:
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STORE Capital
Shares in Scottsdale, Arizona-based STORE Capital Corp. saw a decline of 1.50%, ending Thursday's trading session at $23.65. The stock recorded a trading volume of 1.75 million shares, which was above its three months average volume of 1.18 million shares. The Company's shares have gained 5.05% on an YTD basis. The stock is trading 9.13% below its 50-day moving average. Moreover, shares of STORE Capital, which invests in the real estate markets, have a Relative Strength Index (RSI) of 35.09.
On December 13th, 2016, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'.
On December 15th, 2016, STORE Capital announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.29 per share for Q4 ending December 31st, 2016. The dividend will be paid on January 17th, 2017 to STORE Capital's stockholders of record as of the close of business on December 30th, 2016. Visit us today and download your complete report on STOR for free at:
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Gaming and Leisure Properties
Gaming and Leisure Properties Inc.'s stock declined 0.93%, closing the day at $29.78. A total volume of 2.03 million shares was traded, which was above their three months average volume of 1.05 million shares. The Company's shares have advanced 1.26% in the last month and 15.57% since the start of this year. The stock is trading 3.80% below its 50-day moving average. Additionally, shares of Gaming and Leisure Properties, which operates independently of Penn National Gaming Inc. as of November 01st, 2013, have an RSI of 39.43.
On November 08th, 2016, the Company reported revenue of $233.3 million for Q3 2016, compared to revenue of $147.8 million in Q3 2015. The company generated Fund from Operations of $113.0 million for the reported quarter, compared to FFO of $57.1 million in Q3 2015. Gaming and Leisure Properties posted net income per diluted share of $0.43 for Q3 2016 from net income per diluted share of $0.28 in Q3 2015.
Yesterday, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'. The complimentary research report on GLPI can be accessed at:
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Apollo Commercial Real Estate Finance
On Thursday, shares in New York-based Apollo Commercial Real Estate Finance Inc. recorded a trading volume of 2.12 million shares, which was higher than their three months average volume of 1.11 million shares. The stock ended the day 1.07% lower at $16.63. The Company's shares have advanced 0.24% in the previous three months and are trading above their 200-day moving average by 1.57%. Furthermore, shares of Apollo Commercial Real Estate Finance, which operates as a real estate investment trust that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities, and other commercial real estate-related debt investments in the US, have an RSI of 39.63.
On December 13th, 2016, the Company announced it has priced an underwritten public offering of 10,500,000 shares of common stock for total estimated gross proceeds of approximately $180.0 million. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,575,000 shares of common stock. The offering is expected to close on December 16th, 2016, and is subject to customary closing conditions.
Yesterday, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'. Register for free on Stock-Callers.com and download the PDF research report on ARI at:
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Colony Starwood Homes
US-based Colony Starwood Homes' stock dropped 1.06%, finishing yesterday's session at $28.94, with a total trading volume of 723,018 shares. The Company's shares have advanced 30.91% since the start of this year. The stock is trading above its 200-day moving average by 2.48%. Additionally, shares of Colony Starwood Homes, which invests in the real estate markets of the US, have an RSI of 41.19.
On November 22nd, 2016, research firm Nomura downgraded the Company's stock rating from 'Buy' to 'Neutral'. Get free access to your research report on SFR at:
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