28.12.2016 13:30:00
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How These REIT Stocks are Faring? -- Northstar Asset Management, NorthStar Realty Finance, Brixmor Property, and Realty Income
NEW YORK, December 28, 2016 /PRNewswire/ --
Retail REITs are equity real estate investment trusts that own and manage retail properties, such as large regional malls, and rent space in those properties to tenants. Other Retail REITs focus on grocery-anchored shopping centers and power centers that feature big box retailers. For today, Stock-Callers.com brings attention back to Northstar Asset Management Group Inc. (NYSE: NSAM), NorthStar Realty Finance Corp. (NYSE: NRF), Brixmor Property Group Inc. (NYSE: BRX), and Realty Income Corp. (NYSE: O). Register now and get full and free access to our downloadable research reports on these stocks at:
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Northstar Asset Management
On Tuesday, shares in New York-based Northstar Asset Management Group Inc. recorded a trading volume of 2.03 million shares. The stock ended at $14.94, declining 0.53% from the last trading session. The Company's shares have gained 18.76% over the previous three months and 27.16% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.89% and 20.81%, respectively. Furthermore, shares of Northstar Asset Management, which provides asset management and other services in the US and internationally, have a Relative Strength Index (RSI) of 55.88.
On December 22nd, 2016, NorthStar Asset Management declared a one-time special dividend in the amount of approximately $1.16 per share. The Special Dividend is being made in connection with the previously announced combination of Northstar Asset Management, Colony Capital, Inc. and NorthStar Realty Finance Corp. and is contingent on the closing of the Merger, which is expected to be on January 10th, 2017, subject to customary closing conditions. Access our complete research report on NSAM for free at:
http://stock-callers.com/registration/?symbol=NSAM
NorthStar Realty Finance
US-domiciled NorthStar Realty Finance Corp.'s stock finished yesterday's session 0.65% lower at $15.20 with a total trading volume of 786,300 shares. The Company's shares have gained 22.32% over the previous three months and 0.40% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.37% and 18.91%, respectively. Furthermore, shares of NorthStar Realty Finance, which invests in the real estate markets of the US, have an RSI of 54.35.
On December 20th, 2016, NorthStar Realty Finance, Colony Capital, Inc. and NorthStar Asset Management Group Inc. jointly announced that the shareholders of all three companies voted to approve the previously announced merger of the three companies at their respective special meetings. A global, diversified real estate, and investment management leader, the combined company will be named Colony NorthStar, Inc., and will be listed on the New York Stock Exchange under the ticker symbol "CLNS", with a pro-forma equity market capitalization in excess of $8 billion. The companies expect to complete the merger in January 2017, subject to customary closing conditions. The transaction was first announced on June 3rd, 2016. The complimentary research report on NRF can be downloaded at:
http://stock-callers.com/registration/?symbol=NRF
Brixmor Property
At the closing bell on Tuesday, shares in New York-based Brixmor Property Group Inc. ended the day flat at $24.11 with a total trading volume of 636,233 shares. The stock is trading 2.57% below its 50-day moving average. Shares of the Company, which owns and operates various grocery-anchored community and neighborhood shopping centers in the US, have an RSI of 45.14.
On December 5th, 2016, the Company announced the appointment of Sheryl M. Crosland, former Managing Director and Retail Sector Head at JP Morgan Investment Management, to its board of directors. Ms. Crosland takes the seat vacated by Jonathan D. Gray on November 11th, 2016. With this change, eight of the nine Brixmor's directors will be independent.
On December 13th, 2016, research firm Citigroup downgraded the Company's stock rating from 'Buy' to 'Neutral'. Register for free on Stock-Callers.com and get access to the latest PDF format report on BRX at:
http://stock-callers.com/registration/?symbol=BRX
Realty Income
Escondido, California-based Realty Income Corp.'s stock ended the day 0.04% higher at $56.43 with a total trading volume of 1.02 million shares. The Company's shares have gained 0.11% in the last month and 13.26% on an YTD basis. The stock is trading 1.08% below its 50-day moving average. Additionally, shares of Realty Income, which makes investments in commercial real estate, have an RSI of 51.54.
On December 13th, 2016, Realty Income's Board of Directors declared an increase in its common stock monthly cash dividend to $0.2025 per share from $0.202 per share. The dividend is payable on January 13th, 2017 to shareholders of record as of January 03rd, 2017. The Board also declared a dividend on the Company's monthly income Class F preferred stock. The monthly dividend of $0.138021 on the Class F preferred shares is payable on January 17th, 2017 to shareholders of record as of January 1st, 2017.
On December 13th, 2016, research firm Morgan Stanley upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'. Download your free research report on O at:
http://stock-callers.com/registration/?symbol=O
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Aktien in diesem Artikel
Brixmor Property Group Inc | 28,88 | 0,07% | |
Realty Income Corp. | 52,77 | 0,32% |