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REIT Stocks Under Review -- Annaly Capital Management, VEREIT, Spirit Realty Capital, and Gramercy Property Trust

IYR, NLY

PR Newswire

NEW YORK, August 24, 2016 /PRNewswire/ --

Stock-Callers.com today has issued research reports on these Diversified REITs: Annaly Capital Management Inc. (NYSE: NLY), VEREIT Inc. (NYSE: VER), Spirit Realty Capital Inc. (NYSE: SRC), and Gramercy Property Trust Inc. (NYSE: GPT). A REIT, or Real Estate Investment Trust, is a company that owns or finances income-producing real estate. As of Wednesday, August 23, 2016, the iShares U.S. Real Estate ETF (NYSE: IYR), an ETF with broad exposure to REITs, yielded 3.8%, higher than the around 2% average yield of stocks in the S&P 500. Learn more about these stocks by downloading their free research reports in PDF format at:

http://stock-callers.com/registration

Annaly Capital Management  

New York-based Annaly Capital Management Inc.'s stock finished Tuesday's session 0.09% higher at $10.93 with a total trading volume of 4.89 million shares. The Company's shares have advanced 1.02% in the past month, 4.88% in the previous three months, and 23.77% since the start of this year. The stock is trading 1.21% above its 50-day moving average and 11.69% above its 200-day moving average. Additionally, shares of Annaly Capital Management, which owns a portfolio of real estate related investments in the US, have a Relative Strength Index (RSI) of 51.23.

On August 3rd, 2016, the company reported a GAAP net loss for the quarter ended June 30th, 2016 of ($278.5) million, or ($0.32) per average common share, compared to GAAP net income of $900.1 million, or $0.93 per average common share, for the quarter ended June 30th, 2015. Net interest margin for the quarter ended June 30th, 2016 was 1.15%. Sign up and read the free research report on NLY at:

http://stock-callers.com/registration/?symbol=NLY


VEREIT  

On Tuesday, shares in Phoenix, Arizona-based VEREIT Inc. recorded a trading volume of 7.98 million shares. The stock ended the session 1.83% higher at $10.59. The Company's shares have advanced 12.42% in the precious three months and 35.84% on an YTD basis. The stock is trading 2.61% above its 50-day moving average and 19.88% above its 200-day moving average. Moreover, shares of VEREIT, which owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants, have an RSI of 56.76.

On August 05th, 2016, research firm CapitalOne upgraded the Company's stock rating from 'Equal Weight' to 'Overweight'.

On August 10th, 2016, VEREIT announced that it closed its previously announced public offering of common stock. The company sold a total of 69,000,000 shares of common stock in the offering, which included the full exercise of the underwriters' option to purchase additional shares. The net proceeds to the company from the offering are approximately $702.8 million, before offering expenses. The complimentary research report on VER can be downloaded at:


http://stock-callers.com/registration/?symbol=VER


Spirit Realty Capital  

Shares in Spirit Realty Capital Inc. closed the day flat at $13.43. The stock recorded a trading volume of 2.30 million shares. The Company's shares have gained 2.13% in the last month, 19.31% over the previous three months, and 38.16% on an YTD basis. The stock is trading 4.25% above its 50-day moving average and 22.34% above its 200-day moving average. Additionally, shares of Spirit Realty Capital, which primarily acquires across the US single tenant operationally essential real estate, which refers to generally free-standing, commercial real estate facilities where tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits,  have an RSI of 58.53.

On August 09th, 2016, research firm Wunderlich reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $14 a share to $15 a share.

As per notes filed with the SEC, on August 18th, 2016, Spirit Realty, L.P., a Delaware limited partnership and subsidiary of Spirit Realty Capital, issued $300.0 million aggregate principal amount of its 4.450% Notes due 2026. The Notes bear interest at 4.450% per annum. Interest is payable on March 15th and September 15th of each year, beginning March 15th, 2017, until the maturity date of September 15th, 2026. Register for free on Stock-Callers.com and access the latest report on SRC at:

http://stock-callers.com/registration/?symbol=SRC


Gramercy Property Trust  

At the close, shares in New York City-based Gramercy Property Trust Inc. ended at $9.63, up 1.16%. The stock recorded a trading volume of 1.68 million shares. The Company's shares have advanced 10.59% in the previous three months and 28.04% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.40% and 18.16%, respectively. Furthermore, shares of Gramercy Property Trust, which invests in the real estate markets of the US, have an RSI of 49.81.

On August 04th, 2016, research firm Compass Point reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $10.25 a share to $11.50 a share. Get free access to your research report on GPT at:

http://stock-callers.com/registration/?symbol=GPT

--

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