Breakfast Technical Briefing on REIT Stocks -- CubeSmart, Duke Realty, Public Storage, and STAG Industrial
NEW YORK, August 29, 2017 /PRNewswire/ --
If you want a Stock Review on CUBE, DRE, PSA, or STAG then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Earlier this month Seeking Alpha reported that, in the age of Amazon, the Warehouse/Logistics sector has been a hot one. Jefferies' Jonathan Petersen in on board with the thesis that rising ecommerce means higher occupancy and rents for the warehouse players - but says it is pretty well priced in at this point. He is not expecting valuations to expand much further. Ahead of today's trading session, DailyStockTracker.com presents for review the following Industrial REIT equities: CubeSmart (NYSE: CUBE), Duke Realty Corp. (NYSE: DRE), Public Storage (NYSE: PSA), and STAG Industrial Inc. (NYSE: STAG). Daily Stock Tracker published free research reports on these stocks today at:
http://dailystocktracker.com/register/
CubeSmart
Malvern, Pennsylvania-based CubeSmart's shares gained 0.41%, closing Monday's trading session at $24.68. The stock recorded a trading volume of 849,038 shares. The Company's shares have advanced 2.88% in the last month. The stock is trading 2.12% above its 50-day moving average. Additionally, shares of CubeSmart, which invests in the real estate markets of the US, have a Relative Strength Index (RSI) of 55.31.
On August 03rd, 2017, CubeSmart announced that it was named the Best Customer Service award winner from Inside Self-Storage's (ISS) 2017 Best of Business reader-choice poll, an annual campaign that solicits "Best of Business" votes from self-storage industry professionals and customers. This is the seventh time that the Company has been recognized by ISS readers, with prior awards in the Best Customer Service, Best Call-Center Services, and Best Third-Party Management categories. See our free and comprehensive research report on CUBE at:
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Duke Realty
On Monday, shares in Indianapolis, Indiana headquartered Duke Realty Corp. ("DRE") recorded a trading volume of 1.66 million shares. The stock declined 0.27%, ending the day at $29.30. The Company's shares have advanced 1.49% in the past month, 2.77% in the previous three months, and 10.32% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.26% and 8.76%, respectively. Furthermore, shares of DRE, which offers a single point of responsibility for all aspects of a project, including leasing, asset management, construction and development, have an RSI of 58.60.
On August 07th, 2017, DRE announced that Norman K. Jenkins, President, CEO, and Managing Partner of Capstone Development, LLC, has been named to its Board of Directors. James B. Connor, DRE's Chairman and CEO, said: "Norm's background in commercial real estate, finance, acquisitions, and development lends itself well to our business and will give us new perspectives as we continue to build and strengthen our company." DRE free research report is just a click away at:
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Public Storage
Glendale, California-based Public Storage's stock finished the day 0.21% higher at $204.30 with a total trading volume of 613,539 shares. The Company's shares have advanced 0.72% in the last one month. The stock is trading below its 50-day moving average by 0.57%. Additionally, shares of Public Storage have an RSI of 53.38.
On August 04th, 2017, Public Storage announced that it is calling for redemption all outstanding depositary shares representing interests in its 5.750% Cumulative Preferred Shares, Series T on September 28th, 2017, at $25 per depositary share. The aggregate redemption amount to be paid to all holders of the depositary shares is $462,500,000. Sign up for your complimentary report on PSA at:
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STAG Industrial
Shares in Boston, Massachusetts-based STAG Industrial Inc. ended yesterday's session 0.86% lower at $27.75. The stock recorded a trading volume of 1.26 million shares, which was above its three months average volume of 727,770 shares. The Company's shares have advanced 1.50% in the last one month, 3.31% over the previous three months, and 16.25% since the start of this year. The stock is trading 1.16% and 8.79% above its 50-day and 200-day moving averages, respectively. Moreover, shares of STAG Industrial, which engages in investment and management of real estate assets, have an RSI of 53.53.
On August 01st, 2017, STAG Industrial announced its financial and operating results for Q2 2017. For Q2 2017, net loss was $1.1 million; core FFO per diluted share was $0.41; and cash NOI was $58.0 million. As of June 30th, 2017, the Company had liquidity of $321 million. The net debt to annualized adjusted run rate EBITDA for the quarter was 5.0x.
On August 14th, 2017, research firm Evercore ISI upgraded the Company's stock rating from 'In-line' to 'Outperform'. Register for free on DailyStockTracker.com and download the latest research report on STAG at:
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