31.01.2017 13:15:00
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Research Reports Coverage on REIT Stocks -- Monogram Residential Trust, New York Mortgage Trust, AvalonBay Communities, and Capstead Mortgage
NEW YORK, January 31, 2017 /PRNewswire/ --
Stock-Callers.com has lined up the following Residential REITs for evaluation: Monogram Residential Trust Inc. (NYSE: MORE), New York Mortgage Trust Inc. (NASDAQ: NYMT), AvalonBay Communities Inc. (NYSE: AVB), and Capstead Mortgage Corp. (NYSE: CMO). These real estate investment trusts belong to the Financials sector, which declined on Monday, January 30th, 2017, with the NYSE Financials Sector Index falling about 1.1%, while Financials companies in the S&P 500 Index were turning in a 1.0% retreat. These stocks research reports can be downloaded now by simply registering for free at:
http://stock-callers.com/registration
Monogram Residential Trust
Plano, Texas-based Monogram Residential Trust Inc.'s stock finished Monday's session 0.78% lower at $10.19 with a total trading volume of 802,696 shares. The Company's shares are trading below their 200-day moving average by 0.32%. Shares of the Company, which engages in investment, development and operation of real estate assets, have a Relative Strength Index (RSI) of 38.76.
As per a SEC filing dated January 26th, 2017, Monogram Residential decided to eliminate the position of general counsel on January 23rd, 2017. As a result, Daniel J. Rosenberg, Senior Vice President, General Counsel, and Secretary of the Company, was terminated without cause, effective February 28th, 2017. The Company and Mr. Rosenberg have agreed that Mr. Rosenberg will provide certain consulting services to the Company to assist with the transition following the effective date of his termination. In connection with Mr. Rosenberg's departure and in consideration of his execution of a general release of claims in favor of the Company, Mr. Rosenberg will be entitled to receive severance and other benefits in accordance with his existing severance agreement. Your complete research report on MORE can be retrieved for free at:
http://stock-callers.com/registration/?symbol=MORE
New York Mortgage Trust
Shares in New York headquartered New York Mortgage Trust Inc. ended at $6.51, down 1.06% from the last trading session. The stock recorded a trading volume of 1.00 million shares. The Company's shares have gained 10.53% in the previous three months. The stock is trading 6.12% above its 200-day moving average. Moreover, shares of New York Mortgage Trust, which engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the US, have an RSI of 46.79.
On January 23rd, 2017, New York Mortgage announced the closing of its underwritten public offering of $138.0 million aggregate principal amount of 6.25% senior convertible notes due 2022. The Notes bear interest at a rate equal to 6.25% per year, payable semiannually in arrears on January 15th and July 15th of each year, commencing July 15th, 2017 and are expected to mature on January 15th, 2022, unless earlier converted or repurchased. The Company intends to use the net proceeds of the offering to acquire its targeted assets and for general working capital purposes, which may include the repayment of indebtedness. A free report on NYMT is just a click away at:
http://stock-callers.com/registration/?symbol=NYMT
AvalonBay Communities
Arlington, Virginia-based AvalonBay Communities Inc.'s stock ended yesterday's session 0.58% lower at $172.11 with a total trading volume of 689,421 shares. The Company's shares have advanced 4.67% in the previous three months. The stock is trading 1.00% above its 50-day moving average. Additionally, shares of AvalonBay Communities, which engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the US, have an RSI of 44.04.
On January 05th, 2017, Avalonbay announced that it will release its Q4 2016 earnings on February 01st, 2017 after the market close. The Company will hold a conference call on February 02nd, 2017 at 1:00 PM ET to discuss the results. Sign up for your complimentary research report on AVB at:
http://stock-callers.com/registration/?symbol=AVB
Capstead Mortgage
At the close on Monday, shares in Dallas, Texas headquartered Capstead Mortgage Corp. recorded a trading volume of 1.17 million shares, which was above their three months average volume of 757,570 shares. The stock finished 0.93% lower at $10.67. The Company's shares have gained 5.23% in the last one month, 14.96% over the previous three months, and 4.71% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.72% and 11.94%, respectively. Furthermore, shares of Capstead Mortgage, which invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government, have an RSI of 52.35.
On January 25th, 2017, Capstead reported net income of $17.5 million, or $0.14 per diluted common share, for Q4 2016, compared to net income of $16.4 million, or $0.13 per diluted common share, for Q3 2016. For Q4 2016, Capstead reported net interest margins of $20.9 million compared to $21.4 million for Q3 2016. Register for free on Stock-Callers.com and download the latest research report on CMO at:
http://stock-callers.com/registration/?symbol=CMO
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