Daily Technical Summary Reports on Real Estate Development Stocks -- Brookfield Asset Management, Forestar, Invitation Homes, and Summit Hotel Properties
NEW YORK, October 18, 2017 /PRNewswire/ --
If you want a Stock Review on BAM, FOR, INVH, or INN then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Real Estate Development firms own and manage commercial and residential properties, often leasing out units to renters. Their properties can include apartment complexes, office buildings, data centers, and more. Pre-market today, DailyStockTracker.com observes the following equities: Brookfield Asset Management Inc. (NYSE: BAM), Forestar Group Inc. (NYSE: FOR), Invitation Homes Inc. (NYSE: INVH), and Summit Hotel Properties Inc. (NYSE: INN). Register now and get full and free access to these DailyStockTracker.com research reports at:
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Brookfield Asset Management
On Tuesday, shares in Toronto, Canada-based Brookfield Asset Management Inc. recorded a trading volume of 438,610 shares. The stock ended at $42.82, rising 0.45% from the last trading session. The Company's shares have gained 6.73% in the last one month, 7.83% over the previous three months, and 29.72% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.88% and 13.40%, respectively. Furthermore, shares of the Company, which formerly known as Brascan Corp. invests in the property, power, and infrastructure sectors, have a Relative Strength Index (RSI) of 76.88.
On September 28th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock.
On October 13th, 2017, Brookfield Capital Partners II L.P., a fund managed by Brookfield Asset Management (BAM), completed a distribution of an aggregate of 7,069,705 common shares of Norbord Inc. to its fund investors. BAM and its affiliates continue to hold 34,787,535 Norbord's shares. Access our complete research report on BAM for free at:
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Forestar Group
Austin, Texas headquartered Forestar Group Inc.'s stock finished yesterday's session flat at $17.50 with a total trading volume of 337,660 shares. The Company's shares have gained 0.86% in the last one month, 0.57% over the previous three months, and 31.58% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.18% and 15.69%, respectively. Furthermore, shares of Forestar, which operates as a real estate company, have an RSI of 59.51.
On October 12th, 2017, Forestar announced that it has delivered a notice to holders of its 3.75% Convertible Senior Notes due 2020, pursuant to the indenture governing the Notes (as supplemented, the "Indenture"), notifying holders that, as a result of the merger pursuant to the Agreement and Plan of Merger, dated as of June 29th, 2017, among D.R. Horton Inc., Force Merger Sub, Inc., and Forestar, a "Fundamental Change" and a "Make-Whole Fundamental Change," each as defined in the Indenture, occurred effective as of October 05th, 2017. The complimentary research report on FOR can be downloaded at:
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Invitation Homes
At the close of trading on Tuesday, shares in Dallas, Texas headquartered Invitation Homes Inc. rose 0.04%, ending the day at $22.65. The stock recorded a trading volume of 1.61 million shares. The Company's shares have advanced 4.47% in the previous three months and 13.25% since the start of this year. The stock is trading 0.20% and 3.99% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Invitation Homes, which focuses on owning, renovating, leasing, and operating single-family residential properties in the US, have an RSI of 49.10.
On October 02nd, 2017, Invitation Homes announced an estimate of the damages believed to have been incurred as a result of Hurricane Irma. The Company's current assessment is that approximately 30% of its 23,449 homes in Florida and Atlanta sustained minor damage, primarily limited to roofing, fencing, and landscaping issues. A total of five homes incurred severe damage. The Company estimates that damages caused by Hurricane Irma totaled $14 to $17 million.
On October 10th, 2017, research firm BTIG Research initiated a 'Buy' rating on the Company's stock, with a target price of $26 per share. Register for free on DailyStockTracker.com and get access to the latest report on INVH at:
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Summit Hotel Properties
Sioux Falls, South Dakota-based Summit Hotel Properties Inc.'s shares ended the day 0.99% lower at $15.96 with a total trading volume of 773,908 shares. The stock has gained 5.07% in the last month. The Company's shares are trading 3.96% above their 50-day moving average. Additionally, shares of the Company have an RSI of 58.57.
On September 26th, 2017, research firm KeyBanc Capital Markets upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'.
On October 09th, 2017, Summit Hotel Properties announced that it will report financial results for Q3 2017 on Monday, October 30th, 2017, after the market closes. The Company will conduct its quarterly conference call on October 31st, 2017, at 9:00 a.m. ET. A live webcast of the call will be available on the Company's website. Download your free research report on INN at:
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