This Morning's Technical Outlook on REIT Stocks -- Cousins Properties, Vornado Realty Trust, American Tower, and Colony NorthStar
NEW YORK, December 11, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on CUZ, VNO, AMT, and CLNS which is a click away at http://www.wallstequities.com/registration. WallStEquities.com has issued research reports on Cousins Properties Inc. (NYSE: CUZ), Vornado Realty Trust (NYSE: VNO), American Tower Corp. (REIT) (NYSE: AMT), and Colony NorthStar Inc. (NYSE: CLNS). 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. With Wall St. Equities' free research reports get an edge over stock markets, sign up now at:
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Cousins Properties
Atlanta, Georgia-based Cousins Properties Inc.'s stock rose 0.76%, finishing last Friday's trading session at $9.34. A total volume of 2.95 million shares was traded. The Company's shares have gained 2.64% in the last month, 0.76% over the previous three months, and 9.75% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.40% and 5.39%, respectively. Additionally, shares of Cousins Properties, which owns, develops, and manages real estate portfolio, as well as performs certain real estate-related services in the US, have a Relative Strength Index (RSI) of 58.59.
On December 04th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'. Our free and thorough report on CUZ awaits you at:
http://www.wallstequities.com/registration/?symbol=CUZ
Vornado Realty Trust
Shares in New York City-based Vornado Realty Trust ended at $76.99, up 1.22% from the last trading session. The stock recorded a trading volume of 953,711 shares. The Company's shares have advanced 3.70% in the past month and 2.78% over the previous three months. The stock is trading 1.01% above its 50-day moving average. Moreover, shares of the Company, which invests in the real estate markets of the US, have an RSI of 51.32.
On December 04th, 2017, research firm Evercore ISI downgraded the Company's stock rating from 'Outperform' to 'In-line'.
On December 06th, 2017, Vornado Realty Trust announced that it has called for redemption all of its $200 million outstanding 6.625% Series G Cumulative Redeemable Preferred Shares and $150 million of its $270 million outstanding 6.625% Series I Cumulative Redeemable Preferred Shares on January 04th, 2018, at a redemption price of $25 per share, plus accrued and unpaid dividends through the date of redemption. VNO's complimentary research coverage is a few simple steps away at:
http://www.wallstequities.com/registration/?symbol=VNO
American Tower
On Friday, shares in Boston, Massachusetts headquartered American Tower Corp. (REIT) recorded a trading volume of 1.70 million shares. The stock declined 1.14%, closing the day at $142.47. The Company's shares have gained 34.81% on an YTD basis. The stock is trading 6.63% above its 200-day moving average. Additionally, shares of American Tower, which invests in the real estate markets across the globe, have an RSI of 45.74.
On November 27th, 2017, research firm KeyBanc Capital Markets reiterated its 'Overweight' rating on the Company's stock with an increase of the target price from $156 a share to $177 a share.
On December 07th, 2017, American Tower announced that its Board of Directors has declared a quarterly cash distribution of $0.70 on each of its common stock, payable on January 16th, 2018, to stockholders of record at the close of business on December 28th, 2017. Additionally, the Board approved a new stock repurchase program pursuant to which the Company is authorized to repurchase up to $2.0 billion of its common stock. Register for your free research report on AMT at:
http://www.wallstequities.com/registration/?symbol=AMT
Colony NorthStar
At the close of trading on Friday, shares in Los Angeles, California-based Colony NorthStar Inc. recorded a trading volume of 2.77 million shares, which was higher than their three months average volume of 2.62 million shares. The stock finished the session 0.74% higher at $12.18. The Company's shares are trading below their 50-day moving average by 1.85%. Furthermore, shares of Colony NorthStar, which was formerly known as Colony Financial, Inc., invests in the real estate markets of North America and Europe, have an RSI of 46.08.
On November 24th, 2017, NorthStar Realty Europe Corp., managed by an affiliate of Colony NorthStar, announced that it has completed the disposal of Dukes Court office complex to Woking Borough Council for approximately £72 million, 18% above the purchase price. Active asset management including re-leasing more than 50,000 square feet, realizing approximately 13% rental growth since acquisition and maintaining 100% occupancy throughout the three-year ownership period. The strong tenant base includes HMRC, Kuwait Petroleum, and Fidessa Group. Wall St. Equities' downloadable research report on CLNS available at:
http://www.wallstequities.com/registration/?symbol=CLNS
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