Complimentary Technical Snapshots on Prologis and Three More REIT Stocks
Stock Research Monitor: MNR, QTS, and REXR
LONDON, UK / ACCESSWIRE / May 31, 2018 / If you want a free Stock Review on PLD sign up now at www.wallstequities.com/registration. On May 15th, 2018, Seeking Alpha reported that Q1 earnings in the Industrial REIT space were well above expectations. Same-store NOI growth averaged 6.1% year-over-year, as occupancy increased to 97%. Market rents have climbed 5% to 10%, and economic growth appears to be reaccelerating. Today, WallStEquities.com observes four industry players to see how they have fared over the past trading sessions: Monmouth Real Estate Investment Corp. (NYSE: MNR), Prologis Inc. (NYSE: PLD), QTS Realty Trust Inc. (NYSE: QTS), and Rexford Industrial Realty Inc. (NYSE: REXR).
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Monmouth Real Estate Investment
Shares in Monmouth Real Estate Investment Corp. rose slightly by 0.78%, ending Wednesday’s trading session at $15.60. The stock recorded a trading volume of 352,472 shares. The Company’s shares have gained 10.48% over the last three months and 5.83% over the past year. The stock is trading 2.17% above its 50-day moving average. Moreover, shares of the Company, which specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants, have a Relative Strength Index (RSI) of 56.78.
On May 08th, 2018, Monmouth Real Estate Investment reported its results for the three months ended March 31st, 2018. Net income attributable to common shareholders was $7,397,000 for Q2 FY18; core funds from operations were $16,830,000; and adjusted funds from operations were $16,847,000. Net operating income was $28,366,000 for the quarter, and total expenses were $16,921,000. Get the full research report on MNR for free by clicking below at:
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Prologis
Prologis Inc.’s stock rose slightly by 0.76%, closing the day at $64.80. A total volume of 3.04 million shares was traded, which was above their three months average volume of 2.47 million shares. The Company’s shares have advanced 6.79% in the previous three months and 16.07% over the past year. The stock is trading 1.75% and 1.70% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Prologis, which as of March 31, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 683 million square feet in 19 countries, have an RSI of 56.34.
On May 02nd, 2018, Prologis’ Board of Directors declared a dividend of $0.48 per share of the Company’s common stock, payable on June 29th, 2018 to common stockholders of record at the close of business on June 14th, 2018. The Board also declared a dividend of $1.0675 per share of the Company’s 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on July 02nd, 2018, to Series Q stockholders of record at the close of business on June 19th, 2018. Access the free research report on PLD now by signing up at:
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QTS Realty Trust
On Wednesday, shares in QTS Realty Trust Inc. recorded a trading volume of 468,636 shares. The stock ended the day 0.13% higher at $38.06. The Company’s shares have advanced 7.54% in the past month and 17.94% in the previous three months. The stock is trading above its 50-day moving average by 7.11%. Furthermore, shares of the Company, which owns, operates or manages 25 data centers and supports more than 1,100 customers primarily in North America, have an RSI of 67.68.
On May 10th, 2018, QTS Realty Trust announced that its Board of Directors has authorized a cash dividend of $0.41 per share on the Company’s common stock for Q2 2018. The $0.41 per share dividend is payable on July 06th, 2018, to common stockholders of record at the close of business on June 20th, 2018. Are you already registered with Wall St. Equities? Do so now for free, and get the report on QTS at:
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Rexford Industrial Realty
Rexford Industrial Realty Inc.’s stock rose slightly by 0.89%, finishing yesterday’s session at $31.57 with a total trading volume of 484,834 shares. The Company’s shares have advanced 3.34% in the last month, 16.93% in the previous three months, and 16.19% over the past year. The stock is trading above its 50-day and 200-day moving averages by 5.69% and 7.23%, respectively. Additionally, shares of the Company, which focuses on owning and operating industrial properties in Southern California infill markets, have an RSI of 60.64.
On May 24th, 2018, Rexford Industrial Realty announced the acquisition of two industrial properties for a total investment of $18.3 million. The Company acquired 1998 Surveyor Avenue, located in Simi Valley, within the Ventura submarket. It also acquired 15777 Gateway Circle, located in Tustin, within the Orange County – Airport submarket. The acquisitions were funded through a combination of cash on hand and use of the Company’s existing line of credit. Aspiring Member, please take a moment to register below for your free research report on REXR at:
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