Stock Performance Review on REIT Industry -- Independence Realty Trust, American Campus Communities, ARMOUR Residential REIT, and Mid America Apartment Communities
NEW YORK, July 7, 2017 /PRNewswire/ --
If you want a Stock Review on IRT, ACC, ARR or MAA then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. On Thursday, the NASDAQ Composite ended the day at 6,089.46, down 1.00%; the Dow Jones Industrial Average edged 0.74% lower, to finish at 21,320.04; and the S&P 500 closed at 2,409.75, slightly slipping 0.94%. Losses were broad based as all nine sectors finished the trading session in red. DailyStockTracker.com has initiated research reports on the following REIT - Residential stocks: Independence Realty Trust Inc. (NYSE MKT: IRT), American Campus Communities Inc. (NYSE: ACC), ARMOUR Residential REIT Inc. (NYSE: ARR), and Mid-America Apartment Communities Inc. (NYSE: MAA). Daily Stock Tracker published comprehensive and free research reports on these stocks today at:
http://dailystocktracker.com/register/
Independence Realty Trust
Philadelphia, Pennsylvania-based Independence Realty Trust Inc.'s stock finished Thursday's session 1.89% lower at $9.88 with a total trading volume of 656,438 shares. The Company's shares have advanced 1.02% in the past month, 8.81% in the previous three months, and 10.76% since the start of this year. The stock is trading 3.26% above its 50-day moving average and 8.06% above its 200-day moving average. Additionally, shares of Independence Realty Trust, which invests in the real estate markets of the US, have a Relative Strength Index (RSI) of 52.64.
On June 15th, 2017, research firm FBR & Co. upgraded the Company's stock rating from 'Market Perform' to 'Outperform' while revising its previous target price from $9.75 a share to $11.50 a share. IRT complete research report is just a click away and free at:
http://dailystocktracker.com/registration/?symbol=IRT
American Campus Communities
On Thursday, shares in Austin, Texas-based American Campus Communities Inc. recorded a trading volume of 719,027 shares, which was above their three months average volume of 618,490 shares. The stock ended the session 3.02% lower at $45.67. The Company's shares are trading 3.39% below their 50-day moving average. Moreover, shares of American Campus Communities, which engages in developing, owning, and managing high-quality student housing communities, have an RSI of 33.55.
On June 19th, 2017, research firm Evercore ISI upgraded the Company's stock rating from 'Underperform' to 'In-line'. The complimentary report on ACC can be downloaded at:
http://dailystocktracker.com/registration/?symbol=ACC
ARMOUR Residential REIT
Vero Beach, Florida-based ARMOUR Residential REIT Inc.'s shares closed the day 1.10% lower at $25.13. The stock recorded a trading volume of 910,257 shares, which was higher than its three months average volume of 583,530 shares. The Company's shares have gained 9.31% over the previous three months and 15.86% on an YTD basis. The stock is trading 8.80% above its 200-day moving average. Additionally, shares of ARMOUR Residential REIT, which invests in residential mortgage backed securities in the US, have an RSI of 36.03. Sign up for your complimentary research report on ARR at:
http://dailystocktracker.com/registration/?symbol=ARR
Mid America Apartment Communities
Shares in Memphis, Tennessee-based Mid-America Apartment Communities Inc. finished 3.58% lower at $101.55. The stock recorded a trading volume of 937,633 shares, which was higher than its three months average volume of 674,000 shares. The Company's shares have advanced 3.71% on an YTD basis. The stock is trading above its 200-day moving average by 3.73%. Furthermore, shares of Mid-America Apartment Communities, which invests in the real estate markets of the US, have an RSI of 30.32.
On July 06th, 2017, research firm UBS downgraded the Company's stock rating from 'Buy' to 'Neutral', with a target price of $107 per share. Get free access to your research report on MAA at:
http://dailystocktracker.com/registration/?symbol=MAA
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