Technical Reports on REIT Stocks -- Duke Realty, Prologis, CubeSmart, and Extra Space Storage
NEW YORK, December 29, 2016 /PRNewswire/ --
This morning, Stock-Callers.com shifts focus on the Industrial REITs sector which comprises primarily of warehouse and light industrial properties, with the majority being comprised of warehouse space. The sector also accommodates imports, exports, and transportation logistics. Equities to review are: Duke Realty Corp. (NYSE: DRE), Prologis Inc. (NYSE: PLD), CubeSmart (NYSE: CUBE), and Extra Space Storage Inc. (NYSE: EXR). Download the free research reports on these stocks today:
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Duke Realty
On Wednesday, shares in Indianapolis, Indiana headquartered Duke Realty Corp. recorded a trading volume of 2.47 million shares. The stock ended at $25.66, declining 0.93% from the last trading session. The Company's shares have gained 1.10% in the last one month and 26.01% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.33% and 2.52%, respectively. Furthermore, shares of Duke Realty, which invests in the real estate markets of the US, have a Relative Strength Index (RSI) of 47.71.
On December 08th, 2016, Duke Realty announced that Standard & Poor's (S&P) Financial Services has raised the Company's corporate credit rating to BBB+ from BBB, with a stable outlook. S&P cited the favorable view of Duke's portfolio repositioning efforts, continued strong operating performance and significant balance sheet improvement over the past year.
On December 13th, 2016, research firm Wells Fargo downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. See our free and comprehensive research report on DRE at:
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Prologis
San Francisco, California-based Prologis Inc.'s stock finished yesterday's session 0.94% lower at $51.55 with a total trading volume of 1.11 million shares. The Company's shares have gained 2.69% in the last one month and 24.37% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.15% and 5.26%, respectively. Furthermore, shares of Prologis, which engages in the ownership, development, management, and leasing of industrial distribution and retail properties, have an RSI of 51.45.
On December 12th, 2016, Prologis announced that Japanese real estate investment trust Nippon Prologis REIT, Inc. (NPR) priced investment units at 222,460 Japanese yen per unit, including over-allotment option. The offering will comprise a domestic placement of 35,420 units and an international placement of 28,980 units. NPR will use the proceeds from the issuance to repay bridge loans used to acquire three Class-A properties for JPY 30.6 billion ($272 million). The assets, totaling approximately 1.7 million square feet (153,440 square meters), were made available to NPR through its sponsor support agreement with Prologis. The issuance is expected to close December 19th, 2016 in Japan. NPR is managed by a wholly owned subsidiary of Prologis. PLD free research report PDF is just a click away at:
http://stock-callers.com/registration/?symbol=PLD
CubeSmart
At the closing bell on Wednesday, shares in Malvern, Pennsylvania-based CubeSmart saw a drop of 1.22%, ending the day at $25.99. The stock recorded a trading volume of 1.53 million shares. The Company's shares have advanced 5.69% in the last one month. The stock is trading 2.23% above its 50-day moving average. Moreover, shares of CubeSmart, which engages in ownership, operation, acquisition and development of self-storage facilities, have an RSI of 55.66.
On December 15th, 2016, CubeSmart announced that its Board of Trustees declared a quarterly dividend of $0.27 per common share for the period ending December 31st, 2016. The dividend is payable on January 17th, 2017 to common shareholders of record on January 03rd, 2017. The quarterly distribution represents an annualized dividend rate of $1.08 per share, a $0.24 per share increase from the previous annual rate of $0.84 per share. Sign up for your complimentary report on CUBE at:
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Extra Space Storage
Salt Lake City, Utah-based Extra Space Storage Inc.'s stock ended the day 1.38% lower at $74.34 with a total trading volume of 805,842 shares. The Company's shares have gained 5.90% in the last month. The stock is trading 2.65% above its 50-day moving average. Additionally, shares of Extra Space Storage, which operates as a REIT in the US, have an RSI of 56.81.
On December 08th, 2016, Extra Space Storage announced that its board of directors has declared a quarterly dividend of $0.78 per share on the Company's common stock for Q4 2016. The dividend is payable on December 30th, 2016 to stockholders of record at the close of business on December 19th, 2016.
On December 20th, 2016, research firm Jefferies downgraded the Company's stock rating from 'Buy' to 'Hold'. Register for free on Stock-Callers.com and download the latest research report on EXR at:
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SOURCE Chelmsford Park SA
