The U.S. REITs industry outpaced the Dow Jones Industrial Average in July and ended the month with a 3.87% total return due to positive second-quarter earnings reports and continued low interest rates. Additionally, Industrial REITs were up 8.38% for the month. Take a closer look at the following equities and see what investors make of them: CubeSmart (NYSE: CUBE), Communications Sales & Leasing Inc. (NASDAQ: CSAL), Public Storage (NYSE: PSA), and DCT Industrial Trust Inc. (NYSE: DCT). Today’s research reports on the aforementioned stocks are downloadable for free upon registration at:
Little Rock, Arkansas-based CubeSmart’s stock finished Tuesday’s session 1.00% lower at $27.77 with a total volume of 1.45 million shares traded. Shares of the Company, which engages in the acquisition and construction of mission critical communications infrastructure; and provision of wireless infrastructure solutions for the communications industry, are trading 7.21% below their 50-day moving average. The stock has a Relative Strength Index (RSI) of 32.43.
On July 25th, 2016, research firm SunTrust downgraded the Company’s stock rating from ‘Buy’ to ‘Neutral’.
As per notes filed with the SEC, on August 15th, 2016, CubeSmart, L.P. and CubeSmart completed the issuance and sale of $300 million in aggregate principal amount of the Operating Partnership’s 3.125% senior notes due September 1st, 2026. The net proceeds to the Operating Partnership from the sale of the Notes were approximately $296.1 million. The Operating Partnership intends to use the net proceeds from this offering to repay all of the outstanding indebtedness incurred under the unsecured revolving portion of its credit facility maturing in April 2020 and for working capital and other general corporate purposes. Visit us today and access our complete research report on CUBE at:
Communications Sales & Leasing
On Tuesday, shares in Malvern, Pennsylvania-based Communications Sales & Leasing Inc. recorded a trading volume of 840,900 shares. The stock ended the session 2.07% lower at $29.82. The Company’s shares have surged 26.20% in the previous three months and 67.85% on an YTD basis. The stock is trading 2.46% above its 50-day moving average and 35.55% above its 200-day moving average. Moreover, shares of Communications Sales & Leasing, which invests in the real estate markets of the US, have an RSI of 46.81.
On August 11th, 2016, the company reported that revenues for Q2 2016 were $188.6 million, while net loss and adjusted EBITDA was $1.5 million and $171.6 million, respectively. Net loss attributable to common shares was $2.9 million, or ($0.02) per diluted share, for the period. The complimentary report on CSAL can be downloaded at:
Shares in Glendale, California-based Public Storage closed the day 0.68% lower at $227.54. The stock recorded a trading volume of 542,171 shares. The Company’s shares are trading 7.27% below their 50-day moving average. Additionally, shares of Public Storage, which invests in real estate markets of US and Europe, have an RSI of 27.94.
On July 28th, 2016, Public Storage reported that for the three months ended June 30th, 2016, net income allocable to company’s common shareholders was $280.8 million, or $1.61 per diluted common share, compared to $263.9 million, or $1.52 in the same period last year. The company noted that for the three months ended June 30th, 2016, funds from operations were $2.34 per diluted common share compared to $2.15 in 2015, representing an increase of 8.8%.
On August 11th, 2016, research firm Bank of America/ Merrill downgraded the Company’s stock rating from ‘Buy’ to ‘Neutral’. Register for free on Stock-Callers.com and access the latest research report on PSA at:
DCT Industrial Trust
At the close, shares in Denver, Colorado-based DCT Industrial Trust Inc. ended at $48.39, which was a slight decline of 0.84%. The stock recorded a trading volume of 566,455 shares. The Company’s shares have advanced 0.52% in the last one month, 15.28% in the previous three months, and 31.25% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.01% and 20.55%, respectively. Furthermore, shares of DCT Industrial Trust, which provides its services to companies, have an RSI of 48.96.
On August 4th, 2016, DCT Industrial Trust reported that net income attributable to common stockholders for Q2 2016 was $21.4 million, or $0.24 per diluted share, compared to $18.3 million, or $0.20 per diluted share, reported for Q2 2015, an increase of 20.0% per diluted share. Funds from operations, as adjusted, attributable to common stockholders and unit-holders for Q2 2016 totaled $51.1 million, or $0.54 per diluted share, compared to $44.2 million, or $0.47 per diluted share, for Q2 2015, an increase of 14.9%per diluted share.
On August 08th, 2016, research firm CapitalOne downgraded the Company’s stock rating from ‘Equal Weight’ to ‘Underweight’. Get free access to your research report on DCT at:
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