Technical Scrutiny: Digital Realty Trust, CommonWealth REIT, Boston Properties, Highwoods Properties, and Piedmont Office
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LONDON, June 19, 2013 /PRNewswire/ --
The U.S. housing market began a strong recovery last year driven by record low mortgage rates and pent-up demand. Although the commercial real estate market also showed signs of improvement last year, the recovery was not as strong as the one seen in the housing market. However, the outlook for the commercial real estate market has improved significantly since the start of this year due to an improvement in the overall economic environment. This is expected to benefit REITs focusing on office space. On Tuesday, June 18, 2013, shares in commercial REITs ended on a mixed note even as the broader market posted gains. The major movers included Digital Realty Trust Inc. (NYSE: DLR), CommonWealth REIT (NYSE: CWH), Boston Properties Inc. (NYSE: BXP), Highwoods Properties Inc (NYSE: HIW), and Piedmont Office Realty Trust Inc. (NYSE: PDM). AAAResearchReports.com tracked DLR, CWH, BXP, HIW, and PDM. These free reports can be seen for free at
http://www.stockcall.com/signup
Digital Realty Trust Inc.'s stock ended slightly lower on Tuesday, at $61.53, down 0.03%. A total of 1.03 million shares were traded. Despite the wider market swaying sideways during the past 5 trading sessions, the company's shares advanced 1.87%. Further, the stock has lost 9.1% of its value so far this year. During yesterday's session, the stock traded between $61.00 and $62.07 while its 52 weeks trading range stands at $58.23 and $80.59. Digital Realty commands a market capitalization of $9.06 billion, and its stock is mildly volatile as implied by its beta of 0.95. Download free research on DLR by signing up now at:
http://www.AAAResearchReports.com/DLR061913.pdf
Shares in CommonWealth REIT moved 0.73% higher yesterday, tracking gains in the broader market. The stock hit an intraday high of $22.58, before closing the day at $21.95. Since the start of 2013, shares of this REIT have grown by more than 39%, hence outperforming the S&P 500. The company's stock currently trades above both their 20- and 50-day moving average prices of $20.60 and $21.32, respectively. CommonWealth saw volume turnover of 2.24 million shares during Tuesday's trading session. Moreover, its beta of 1.50 implies high volatility. Register for today's free analysis on CWH at:
http://www.AAAResearchReports.com/CWH061913.pdf
Boston Properties Inc.'s stock ended 0.03% lower on Tuesday, finishing at $111.20 on a total of 952,831 shares traded during the session. The stock's average trading volume stands at 1.19 million. In the past 52 weeks, the stock has traded between $99.23 and $117.00. Boston Properties commands a market capitalization of $16.87 billion, and its stock has a beta of 1.33. A free report on BXP can be accessed by registering at:
http://www.AAAResearchReports.com/BXP061913.pdf
Highwoods Properties Inc.'s stock hit an intraday low of $35.35 and an intraday high of $35.82, before closing the day 0.25% higher at $35.63. A total of 1.31 million shares were traded in comparison to its average trading volume of 1.12 million shares. The stock is up 7.29% so far this year. In the past 52 weeks, the stock has traded between $30.62 and $41.22. Highwoods Properties has a beta of 1.26. The stock is currently trading below its 20-day moving average price of $36.51 and 50-day moving average price of $38.72. Register with AAA Research Reports and download research on HIW for free at:
http://www.AAAResearchReports.com/HIW061913.pdf
Shares in Piedmont Office Realty Trust Inc. showed robust gains on Tuesday. The stock rose by 1.00% to close at $18.16 on volume of 778,660 shares during the session, while its average daily trading volume stands at 975,374 shares. The stock oscillated between $17.88 and $18.31. Over the past 5 trading days, the stock lost 1.25% while the markets wavered. So far this year, the share has increased 1.23%. Piedmont Office's shares have low volatility with beta of 0.65, and the company commands market capitalization of $3.04 billion. Read full free research on PDM by signing up to AAA Research Reports at
http://www.AAAResearchReports.com/PDM061913.pdf
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SOURCE AAA Research Reports
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