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:
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:
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:
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:
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:
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