Stock Research Monitor: FR, PSA, and STAG
LONDON, UK / ACCESSWIRE / May 11, 2018 / If you want a free Stock Review on UNIT sign up now at www.wallstequities.com/registration. Pre-market, WallStEquities.com observes First Industrial Realty Trust Inc. (NYSE: FR), Public Storage (NYSE: PSA), STAG Industrial Inc. (NYSE: STAG), and Uniti Group Inc. (UNIT). On March 12th, 2018, Seeking Alpha reported that over the past five years, Industrial REITs have emerged as the hottest real estate sector. Booming global trade and the growth of e-commerce have boosted demand for warehouse distribution space. The report further noted that while supply growth has picked up in recent years, markets remain tight. Occupancy is near record-highs, rent growth is relentless, and demand indicators suggest that there is further room to run. All you have to do is sign up today for this free limited time offer by clicking the link below.
First Industrial Realty Trust
On Thursday, shares in First Industrial Realty Trust Inc. rose slightly by 0.56%, ending the day at $32.30. The stock recorded a trading volume of 542,735 shares. The Company's shares have advanced 11.11% in the last month, 16.40% over the previous three months, and 15.52% over the past year. The stock is trading above its 50-day and 200-day moving averages by 9.20% and 5.98%, respectively. Moreover, shares of the Company, which is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers, have a Relative Strength Index (RSI) of 76.91.
On April 30th, 2018, First Industrial Realty Trust announced that the public offering price for the 4.8 million common shares previously sold to Citigroup as sole bookrunner of the offering is $30.65 per share. First Industrial will receive approximately $147 million of gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses. Completion of the offering is subject to customary closing conditions. Get the full research report on FR for free by clicking below at:
Shares in Glendale, California headquartered Public Storage ended the day 0.15% higher at $211.85 with a total trading volume of 647,515 shares. In the last month and the previous three months, the stock has gained 6.63% and 17.37%, respectively. Additionally, the Company's shares have advanced 1.40% over the past year. The stock is trading above its 50-day and 200-day moving averages by 6.37% and 4.02%, respectively. Furthermore, shares of Public Storage, which acquires, develops, owns and operates self-storage facilities, have an RSI of 73.28.
On May 04th, 2018, Public Storage opened a new, self-storage facility in one of Seattle's popular suburbs to help residents–both new and longtime–find more room close to home. The Public Storage at 16311 Meridian Ave E Puyallup, WA 98375 opened with more than 1,200 storage spaces, conveniently located near South Hill and the Sunrise Village shopping mall. Today's complimentary research report on PSA is accessible at:
At the close of trading on Thursday, shares in STAG Industrial Inc. finished 0.53% higher at $26.32. A total volume of 856,618 shares was traded, which was above their three months average volume of 823,580 shares. The stock has advanced 10.77% in the last month, 16.56% over the previous three months, and 1.58% over the past year. The Company's shares are trading above their 50-day and 200-day moving averages by 9.66% and 0.07%, respectively. Additionally, shares of STAG Industrial, which focuses on the acquisition and operation of single-tenant, industrial properties throughout the US, have an RSI of 73.14.
On May 01st, 2018, STAG Industrial announced its results for Q1 2018. Net income attributable to common stockholders for Q1 2018 was $21.7 million, core funds from operations per diluted share were $0.43, and cash net operating income was $64.2 million. As of March 31st, 2018, the Company had liquidity of $312 million and net debt to annualized run rate adjusted EBITDA of 5.1x. Register now for your free research document on STAG at:
Uniti Group Inc.'s shares recorded a trading volume of 3.07 million shares at the end of yesterday's session, which was above their three months average volume of 2.05 million shares. The stock closed the day 1.74% higher at $19.56. The Company's shares have advanced 20.12% in the past month and 38.00% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 16.72% and 13.37%, respectively. Additionally, shares of Uniti Group, which engages in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry, have an RSI of 80.28.
On May 09th, 2018, Uniti Group announced that its Board of Directors declared a quarterly cash dividend of $0.60 per share, payable on July 13th, 2018, to stockholders of record on June 29th, 2018. Click on the link below and see our free report UNIT at:
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