Research Reports Initiation on REIT Stocks -- Tanger Factory Outlet Centers, Regency Centers, Ramco-Gershenson Properties Trust, and Kite Realty Group Trust
NEW YORK, November 29, 2016 /PRNewswire/ --
Stock-Callers.com draws investors' attention to the Retail REITs space, which owns, manages, and rents retail properties such as large regional malls. Companies in this category have dividend yields that are well above the wider market average. Equities in today's lineup are: Tanger Factory Outlet Centers Inc. (NYSE: SKT), Regency Centers Corp. (NYSE: REG), Ramco-Gershenson Properties Trust (NYSE: RPT), and Kite Realty Group Trust (NYSE: KRG). Learn more about these stocks by downloading their free report at:
http://stock-callers.com/registration
Tanger Factory Outlet Centers
Greensboro, North Carolina-based Tanger Factory Outlet Centers Inc.'s stock finished Monday's session 0.17% higher at $34.75 with a total trading volume of 347,955 shares. The Company's shares have advanced 1.52% in the past month and 10.06% on an YTD basis. The stock is trading below its 50-day moving average by 3.57%. Furthermore, shares of Tanger Factory Outlet Centers, which invests in the real estate markets in US, have a Relative Strength Index (RSI) of 47.44.
On November 18th, 2016, Tanger Factory Outlet Centers celebrated the Grand Opening of Tanger Outlets Daytona Beach. The event was hosted by Steven B. Tanger, President and Chief Executive Officer of Tanger Outlets, Drew and Jonathan Scott from the hit show, Property Brothers, as well as local community leaders. The free research report on SKT is available at:
http://stock-callers.com/registration/?symbol=SKT
Regency Centers
On Monday, shares in Jacksonville, Florida headquartered Regency Centers Corp. ended the session at $66.69, up 0.03%. The stock recorded a trading volume of 1.04 million shares, which was above its three months average volume of 638,280 shares. The Company's shares have gained 0.59% since the start of this year. The stock is trading 7.64% below its 50-day moving average. Moreover, shares of Regency Centers, which through its subsidiaries, owns, operates, and develops community and neighborhood shopping centers that are tenanted by grocers, category-leading anchors, specialty retailers, and restaurants, have an RSI of 36.29.
On November 15th, 2016, Gazit-Globe, one of the leading global real estate companies focused on the ownership, management, acquisition, development and redevelopment of supermarket-anchored shopping centers in major urban markets, announced that its US subsidiary Equity One has entered into a merger agreement with Regency Centers. The merger will create the largest high quality shopping center REIT in the US with a combined equity market cap of approx. US$11.7 billion and enterprise value of approximately US$15.6 billion. The complimentary report on REG can be downloaded at:
http://stock-callers.com/registration/?symbol=REG
Ramco-Gershenson Properties Trust
Farmington Hills, Michigan-based Ramco-Gershenson Properties Trust's stock ended yesterday's session 0.29% lower at $17.15 with a total trading volume of 414,653 shares. The Company's shares have advanced 0.76% in the past month and 7.03% on an YTD basis. The stock is trading 2.35% below its 50-day moving average. Additionally, shares of Ramco-Gershenson Properties Trust, which engages in the ownership, development, acquisition, management, and leasing of community shopping centers, single tenant retail properties, and one regional mall in the Midwestern, Southeastern, and Mid-Atlantic regions of the US, have an RSI of 47.29.
On November 01st, 2016, the Company reported that Q3 2016 net income available to common shareholders of $11.9 million, or $0.15 per diluted share, compared to $32.0 million, or $0.38 per diluted share, for Q3 2015. The Company's operating FFO for the reported quarter totaled $29.7 million, or $0.34 per diluted share, compared to $31.9 million, or $0.36 per diluted share, for Q3 2015. Ramco-Gershenson Properties reported Q3 2016 FFO of $27.8 million, or $0.32 per diluted share, compared to $32.4 million, or $0.37 per diluted share, for the same period in 2015. Visit us today and download our complete research report on RPT for free at:
http://stock-callers.com/registration/?symbol=RPT
Kite Realty Group Trust
At the close on Monday, shares in Indianapolis, Indiana-based Kite Realty Group Trust recorded a trading volume of 804,459 shares, which was higher than their three months average volume of 383,750 shares. The stock finished 0.37% higher at $24.43. The Company's shares are trading below their 50-day moving average by 5.34%. Furthermore, shares of Kite Realty Group Trust, which invests in real estate markets of the US, have an RSI of 40.91.
On November 22nd, 2016, Kite Realty announced that its Board of Trustees declared a quarterly cash distribution of $0.3025 per common share for the quarter ended December 31st, 2016, which represents an increase of 5.2% compared to the dividend paid for the prior quarter. This distribution will be paid on or about January 13th, 2017, to shareholders of record as of January 06th, 2017. Get free access to your technical report on KRG at:
http://stock-callers.com/registration/?symbol=KRG
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