What's Happening With These Real Estate Development Stocks? -- Brookfield Asset Management, Forestar, Summit Hotel Properties, and Invitation Homes
NEW YORK, Nov. 30, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on BAM, FOR, INN, and INVH which is a click away at www.wallstequities.com/registration. On Wednesday, November 29, 2017, the NASDAQ Composite and the S&P 500 edged 1.27% and 0.04% lower, respectively at the closing bell, while the Dow Jones Industrial Average stayed bullish, finishing marginally higher by 0.44%. US markets saw five out of nine sectors finishing the day in green, three in red, and one in neutral territory. Taking into consideration yesterday's market sentiment, WallStEquities.com assessed the following Real Estate Development equities this morning: Brookfield Asset Management Inc. (NYSE: BAM), Forestar Group Inc. (NYSE: FOR), Summit Hotel Properties Inc. (NYSE: INN), and Invitation Homes Inc. (NYSE: INVH). See what Wall St. Equities' research desk has to say about these stocks, join our members and enjoy your free research reports at: www.wallstequities.com/registration
Brookfield Asset Management
On Wednesday, shares in Toronto, Canada-based Brookfield Asset Management Inc. recorded a trading volume of 1.23 million shares, which was higher than their three months average volume of 702.82 thousand shares. The stock ended at $41.37, declining 0.82% from the last trading session. The Company's shares have gained 23.02% in the last twelve months and 25.33% on an YTD basis. The stock is trading above its 200-day moving average by 6.40%. Furthermore, shares of the Company, which through its subsidiaries, the firm invests in the property, power, and infrastructure sectors, have a Relative Strength Index (RSI) of 44.81. Looking for insightful coverage on BAM sign up for free at: www.wallstequities.com/registration/?symbol=BAM
Forestar Group
Austin, Texas headquartered Forestar Group Inc.'s stock finished yesterday's session flat at $21.75. A total volume of 317,615 shares was traded. The Company's shares have gained 22.19% in the last month, 27.57% over the previous three months, 68.60% in the last twelve months, and 63.53% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 21.40% and 36.43%, respectively. Furthermore, shares of Forestar, which operates as a real estate company, have an RSI of 82.00. Today's complimentary research report on FOR is accessible at: www.wallstequities.com/registration/?symbol=FOR
Summit Hotel Properties
At the close of trading on Wednesday, shares in Sioux Falls, South Dakota-based Summit Hotel Properties Inc. saw a rise of 0.74%, ending the day at $14.99. The stock recorded a trading volume of 505,568 shares. The Company's shares have advanced 5.27 % over the last twelve months. The stock is trading below its 50-day moving average by 4.16%. Moreover, shares of the Company, which engages in acquiring, owning, renovating, repositioning, and asset-managing and selling premium-branded limited-service and select-service hotels in the upscale and midscale without food and beverage segments of the US' lodging industry, have an RSI of 39.82.
On November 20th, 2017, research firm Janney downgraded the Company's stock rating from 'Buy' to 'Neutral'. Sign up for free on Wall St. Equities and claim the latest report on INN at: www.wallstequities.com/registration/?symbol=INN
Invitation Homes
Dallas, Texas headquartered Invitation Homes Inc.'s shares ended the day 1.86% higher at $23.51 with a total trading volume of 8.20 million shares, which was above their three months average of 2.94 million shares. The stock has gained 17.55% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 2.79% and 6.76%, respectively. Additionally, shares of Invitation Homes, which focuses on owning, renovating, leasing, and operating single-family residential properties in the US, have an RSI of 55.26.
On November 29th, 2017, research firm Deutsche Bank resumed its 'Buy' rating on the Company's stock, with a target price of $26 per share. See the free research coverage on INVH at: www.wallstequities.com/registration/?symbol=INVH
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