Review on Financials Sector Stocks -- Research on Cousins Properties, RAIT Financial Trust, WP Carey, and Vornado Realty Trust
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LONDON, March 28, 2014 /PRNewswire/ --
On Thursday, March 27, 2014, the NASDAQ Composite finished at 4,151.23, down 0.54%, the Dow Jones Industrial Average edged 0.03% lower to end the session at 16,264.23, and the S&P 500 closed at 1,849.04, down 0.19%. The losses were broad based with seven out of ten sectors ending the session in negative. During the session, Information Technology, Financials, and Consumer Discretionary sectors exerted a drag, while some positive momentum was observed in the Telecommunication Services, Energy, and Utilities sectors. The S&P 500 Financials Sector Index finished the day at 297.06, down 0.58%, while the same has gained 2.24% in the last one month. Investor-Edge has initiated coverage on the following equities: Cousins Properties Inc. (NYSE: CUZ), RAIT Financial Trust (NYSE: RAS), WP Carey Inc. (NYSE: WPC) and Vornado Realty Trust (NYSE: VNO). Free technical research on CUZ, RAS, WPC and VNO can be downloaded upon signing up at:
http://www.investor-edge.com/577-register
Cousins Properties Inc.'s shares recorded a trading volume of 0.78 million shares, as compared with a three months average volume of 1.40 million shares. The stock ended the day at $11.23, down 0.09% and recorded an intraday range of $11.11 and $11.27. Shares of the company traded at a PE ratio of 13.99. Cousins Properties Inc.'s shares have lost 0.97% each, in the previous three trading sessions and in the last one month, while the shares have advanced 9.03% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $11.04 and $10.58, respectively. Further, the stock is trading at a Relative Strength Index of 49.53. Sign up today to read free research on CUZ at:
http://www.investor-edge.com/577-CUZ-28Mar2014.pdf
On Thursday, shares in RAIT Financial Trust recorded a trading volume of 0.64 million shares, as compared with a three months average volume of 1.22 million shares. The stock closed the day at $8.16, up 0.37% and at an intraday range of $8.09 and $8.27. RAIT Financial Trust's shares have fallen by 2.04% in the previous three trading sessions, 1.21% in the last one month and 9.03% on YTD basis. The company's shares are trading below their 50-day moving average. RAIT Financial Trust's 50-day moving average of $8.31 is above its 200-day moving average of $7.73. Further, the stock is trading at an RSI of 43.20. Sign up today to read free research on RAS at:
http://www.investor-edge.com/577-RAS-28Mar2014.pdf
Shares in WP Carey Inc. edged 0.18% lower to finish the day at $59.49. A total of 0.90 million shares were traded, which is below the three months average volume of 0.96 million. The company's shares oscillated between $59.26 and $60.35 during the session. Shares of the company traded at a PE ratio of 38.38. WP Carey Inc.'s shares have declined 3.13% in the previous three trading sessions, 5.65% in the last one month and 3.03% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $61.88 and $64.52, respectively. Additionally, the stock has an RSI of 35.90. Sign up today to read free research on WPC at:
http://www.investor-edge.com/577-WPC-28Mar2014.pdf
On Thursday, Vornado Realty Trust's stock advanced 0.19%, closing the day at $96.87. The stock recorded a trading volume of 0.96 million shares as compared to a three months average volume of 0.93 million shares. The stock fluctuated between $96.35 and $97.51 during the trading session. Shares of the company traded at a PE ratio of 108.24. Vornado Realty Trust's shares have advanced 2.19% in the last one month and 9.10% on YTD basis, while the same has fallen by 0.80% in the previous three trading sessions. The company's stock is trading above its 50-day and 200-day moving averages of $94.94 and $88.40, respectively. Moreover, the stock has an RSI of 49.17. Sign up today to read free research on VNO at:
http://www.investor-edge.com/577-VNO-28Mar2014.pdf
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EDITOR'S NOTES:
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