Today's Research Report Coverage on REIT Stocks -- Equity Residential, New Residential Investment, Orchid Island Capital, and Two Harbors Investment
NEW YORK, October 10, 2017 /PRNewswire/ --
If you want a Stock Review on EQR, NRZ, ORC, or TWO then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Zacks reported that Macroeconomic uncertainty in the US and consequent sloth in trading activity took a toll on the performance of the real estate investment trust (REIT) industry in the first eight months of 2017. In fact, the industry underperformed the broader market, as indicated by the FTSE/NAREIT All REITs Index's total return of 7.4% over this timeframe versus the S&P 500's 11.9% gain. Today, DailyStockTracker.com presents for review four Residential REIT equities to see how they have fared over the past trading sessions: Equity Residential (NYSE: EQR), New Residential Investment Corp. (NYSE: NRZ), Orchid Island Capital Inc. (NYSE: ORC), and Two Harbors Investment Corp. (NYSE: TWO). Learn more about these stocks by signing up for their free reports on DailyStockTracker.com at:
http://dailystocktracker.com/register/
Equity Residential
On Monday, shares in Chicago, Illinois headquartered Equity Residential recorded a trading volume of 1.25 million shares. The stock ended the session 0.03% higher at $66.44. The Company's shares have gained 3.15% over the previous three months and 3.23% on an YTD basis. The stock is trading 2.33% above its 200-day moving average. Moreover, shares of Equity Residential, which engages in the acquisition, development, and management of multifamily properties in the US, have a Relative Strength Index (RSI) of 48.36.
On September 15th, 2017, Equity Residential announced that its Board of Trustees declared a regular common share dividend of $0.50375 per share for the third quarter, payable on October 13th, 2017, to shareholders of record on September 25th, 2017. The free research report on EQR is available at:
http://dailystocktracker.com/registration/?symbol=EQR
New Residential Investment
New York-based New Residential Investment Corp.'s stock closed the day 0.06% lower at $17.17 with a total trading volume of 2.04 million shares. The Company's shares have advanced 4.95% in the past month, 11.42% in the previous three months, and 9.22% since the start of this year. The stock is trading 2.77% and 4.49% above its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company have an RSI of 60.54.
On September 22nd, 2017, New Residential Investment announced that its Board of Directors declared a quarterly dividend of $0.50 per common share for the third quarter of 2017. The dividend is payable on October 27th, 2017, to shareholders of record on October 02nd, 2017. The complimentary report on NRZ can be downloaded at:
http://dailystocktracker.com/registration/?symbol=NRZ
Orchid Island Capital
Shares in Vero Beach, Florida headquartered Orchid Island Capital Inc. recorded a trading volume of 651,402 shares. The stock ended yesterday's trading session 0.58% higher at $10.37. The Company's shares have advanced 7.24% in the past month and 2.07% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 5.40% and 0.20%, respectively. Furthermore, shares of the Company, which invests in residential mortgage-backed securities in the US, have an RSI of 71.84.
On September 14th, 2017, Orchid Island Capital announced that the Board of Directors declared a monthly cash dividend for the month of September 2017. The dividend of $0.14 per share will be paid on October 10th, 2017, to holders of record on September 29th, 2017, with an ex-dividend date of September 28th, 2017. Visit us today and download our complete research report on ORC for free at:
http://dailystocktracker.com/registration/?symbol=ORC
Two Harbors Investment
New York headquartered Two Harbors Investment Corp.'s stock finished Monday's session 0.30% higher at $10.06 with a total trading volume of 1.19 million shares. The Company's shares have advanced 0.80% in the last one month, 2.24% over the previous three months, and 15.37% since the start of this year. The stock is trading above its 200-day moving average by 3.84%. Additionally, shares of the Company have an RSI of 47.08.
On September 14th, 2017, Two Harbors Investment announced that its Board of Directors has declared a special dividend to distribute the shares of common stock of Granite Point Mortgage Trust Inc. (GPMT) acquired by the Company in connection with the contribution of its commercial real estate portfolio to GPMT. The Company also announced that its Board of Directors has approved a one-for-two reverse stock split of its outstanding shares of common stock. On November 01st, 2017, the special dividend distribution will occur first, followed by the reverse stock split. Get free access to your technical report on TWO at:
http://dailystocktracker.com/registration/?symbol=TWO
--
Daily Stock Tracker:
Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@dailystocktracker.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://dailystocktracker.com/disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@dailystocktracker.com
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE dailystocktracker.com
