NEW YORK, July 21, 2016 /PRNewswire/ —
The Diversified REITs industry continues to impress with its strong performance this year. Investors eyeing for high dividend yields and looking to diversify their portfolios can benefit from a number of equities in this space. Stock-Callers now reviews this morning’s lineup: PennyMac Mortgage Investment Trust (NYSE: PMT), Colony Starwood Homes (NYSE: SFR), Blackstone Mortgage Trust Inc. (NYSE: BXMT), and Lamar Advertising Co. (NASDAQ: LAMR). Learn more about these stocks by accessing their free notes at:
PennyMac Mortgage Investment Trust
Moorpark, California-based PennyMac Mortgage Investment Trust’s shares gained 0.12%, closing Wednesday’s trading session at $16.25. The stock recorded a trading volume of 246,569 shares. The Company’s shares have advanced 3.76% in the last month, 25.30% over the previous three months, and 13.46% since the start of this year. The stock is trading 6.18% and 17.99% above its 50-day and 200-day moving averages, respectively. Additionally, shares of PennyMac Mortgage Investment Trust, which invests primarily in residential mortgage loans and mortgage-related assets in the U.S., have a Relative Strength Index (RSI) of 63.81.
On June 28th, 2016, PennyMac Mortgage Investment Trust declared a cash dividend of $0.47 per common share of beneficial interest for the second quarter of 2016. This dividend will be paid on July 28th, 2016 to common shareholders of record as of July 14th, 2016.
On July 12th, 2016, research firm Bank of America/ Merrill downgraded the Company’s stock rating from ‘Neutral’ to ‘Underperform’. See our complete notes on PMT at:
Colony Starwood Homes
On Wednesday, U.S.-based Colony Starwood Homes’ stock recorded a trading volume of 467,483 shares and ended the day 0.16% lower at $31.50. The Company’s shares have advanced 7.37% in the last month, 26.39% in the previous three months, and 41.45% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 10.16% and 29.31%, respectively. Furthermore, shares of Colony Starwood Homes, which invests in the real estate markets of the U.S., have an RSI of 66.03.
On July 15th, 2016, Colony Starwood Homes announced that it will release its second quarter 2016 financial results after the market close on August 8th, 2016. The Company will host a conference call on August 9th, 2016 at 11:00 a.m. Eastern Time.
On July 19th, 2016, research firm Keefe Bruyette downgraded the Company’s stock rating from ‘Outperform’ to ‘Market Perform’. SFR free notes are just a click away at:
Blackstone Mortgage Trust
New York headquartered Blackstone Mortgage Trust Inc.’s stock finished the day 0.59% higher at $28.75. A total volume of 721,567 shares was traded, which was above their three months average volume of 545,290 shares. The Company’s shares have gained 4.93% in the last one month, 8.81% in the previous three months, and 12.57% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.71% and 11.26%, respectively. Additionally, shares of Blackstone Mortgage Trust, which originates and purchases senior loans collateralized by properties in North America and Europe, have an RSI of 69.82. Sign up for your complimentary notes on BXMT at:
Shares in Baton Rouge, Louisiana headquartered Lamar Advertising Co. ended yesterday’s session 0.07% lower at $68.39. The stock recorded a trading volume of 423,932 shares. The Company’s shares have advanced 7.45% in the last one month, 11.18% over the previous three months, and 16.82% on an YTD basis. The stock is trading 6.44% above its 50-day moving average and 16.69% above its 200-day moving average. Moreover, shares of Lamar Advertising, which primarily engages in selling advertising space on billboards, buses, shelters, benches, and logo plates, have an RSI of 70.26.
On July 06th, 2016, Lamar Advertising Co. announced that it will release its second quarter ended June 30th, 2016 earnings report before the market opens on August 9th, 2016. Lamar Advertising will host a conference call on the same day at 8:00am (central time) to discuss the Company’s results and answer questions relating to company operations. LAMR free note is just a click away at:
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