Stock Research Monitor: ORC, AVB, and ESS
LONDON, UK / ACCESSWIRE / June 12, 2018 / If you want a free Stock Review on IRT sign up now at www.wallstequities.com/registration. Research coverage has been initiated by WallStEquities.com on Orchid Island Capital Inc. (NYSE: ORC), AvalonBay Communities Inc. (NYSE: AVB), Essex Property Trust Inc. (NYSE: ESS), and Independence Realty Trust Inc. (NYSE: IRT). These stocks belong to the Residential REIT space, which can focus on acquiring, improving, developing, redeveloping, constructing, owning, leasing, and managing a diverse portfolio of residential assets. These assets can include properties such as apartment communities, on-campus housing, and student housing communities. All you have to do is sign up today for this free limited time offer by clicking the link below.
Orchid Island Capital
On Monday, shares in Vero Beach, Florida headquartered Orchid Island Capital Inc. ended the day flat at $7.38. The stock recorded a trading volume of 479,151 shares. The Company's shares have advanced 3.80% in the last month. The stock is trading above its 50-day moving average by 0.71%. Moreover, shares of the Company, which invests in residential mortgage-backed securities in the US, have a Relative Strength Index (RSI) of 53.02. Get the full research report on ORC for free by clicking below at:
Shares in AvalonBay Communities Inc. ended the day 0.72% lower at $166.61 with a total trading volume of 574,069 shares. In the previous three months, the stock has gained 3.14%. The Company's shares are trading above their 50-day moving average by 1.58%. Furthermore, shares of AvalonBay Communities, which owned or held a direct or indirect ownership interest in 288 apartment communities containing 84,158 apartment homes in 12 states and the District of Columbia, of which 21 communities were under development and nine communities were under redevelopment, have an RSI of 55.52.
On May 23rd, 2018, AvalonBay Communities announced that its Board of Directors declared a cash dividend on its Common Stock (par value $0.01 per share) for the second quarter of 2018. The Common Stock dividend is $1.47 per share and is payable on July 16th, 2018, to all Common Stockholders of Record as of June 29th, 2018.
On May 31st, 2018, research firm BTIG Research downgraded the Company's stock rating from 'Buy' to 'Neutral'. Today’s complimentary research report on AVB is accessible at:
Essex Property Trust
At the close of trading on Monday, shares in Essex Property Trust Inc. finished 0.71% lower at $239.28 with a total trading volume of 339,265 shares. The stock has advanced 0.23% over the previous three months. The Company's shares are trading above their 50-day moving average by 0.02%. Additionally, shares of the Company, which acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets, has an RSI of 51.35.
On May 21st, 2018, Essex Property Trust announced that its Board of Directors has declared a regular quarterly cash dividend of $1.86 per common share, payable on July 13th, 2018, to shareholders of record as of June 29th, 2018. Register now for your free research document on ESS at:
Independence Realty Trust
Independence Realty Trust Inc.'s shares recorded a trading volume of 601,887 shares at the end of yesterday's session, which was above their three months average volume of 553,710 shares. The stock closed flat at $9.91. The Company's shares have advanced 4.32% in the past month and 11.85% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 4.67% and 2.12%, respectively. Additionally, shares of the Company, which owns and operates 55 multifamily apartment properties, totaling 15,045 units, across non-gateway US markets, including Atlanta, Louisville, Memphis, and Raleigh, have an RSI of 62.74. Click on the link below and see our free report IRT at:
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