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REIT Stocks on Investors' Radar -- Prologis, Duke Realty, Extra Space Storage, and National Storage Affiliates

NSA, PLD, EXR

PR Newswire

NEW YORK, November 3, 2016 /PRNewswire/ --

Stock-Callers.com is currently reviewing the Industrial REITs space, which continues to enjoy a strong 2016 due to higher demand caused by e-commerce and the prolonged economic expansion in the U.S. Companies under evaluation this morning are: Prologis Inc. (NYSE: PLD), Duke Realty Corp. (NYSE: DRE), Extra Space Storage Inc. (NYSE: EXR), and National Storage Affiliates (NYSE: NSA). Learn more about these stocks by downloading their comprehensive and free reports at:

http://stock-callers.com/registration

Prologis  

San Francisco, California-based Prologis Inc.'s stock finished Wednesday's session at $49.85, declining 1.83%. A total volume of 2.36 million shares was traded. The Company's shares have gained 19.29% since the start of this year. The stock is trading above its 200-day moving average by 6.06%. Moreover, shares of Prologis, which invests in the real estate markets across the globe, have a Relative Strength Index (RSI) of 38.42.

On October 17th, 2016, research firm CapitalOne upgraded the Company's stock rating from 'Underweight' to 'Equal Weight'.

On October 20th, 2016, Prologis reported that net EPS was $0.52 for Q3 2016 compared to $0.49 for Q3 2015. Core funds from operations (FFO) per diluted share were $0.73 in Q3 2016, up 26% compared to $0.58 for Q3 2015. Prologis ended the quarter with liquidity of $3.8 billion. PLD complete research report is just a click away and free at:

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


Duke Realty  

Shares in Indianapolis, Indiana headquartered Duke Realty Corp. ended yesterday's session 1.81% lower at $24.92, with a total trading volume of 1.84 million shares. The stock has gained 21.38% on an YTD basis. The Company's shares are trading 3.08% above their 200-day moving average. Moreover, shares of Duke Realty, which invests in the real estate markets of the US, have an RSI of 33.82.

On October 28th, 2016, research firm Mizuho reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $29 a share to $27 a share. The complimentary report on DRE can be downloaded at:


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


Extra Space Storage  

On Wednesday, Salt Lake City, Utah-based Extra Space Storage Inc.'s stock rose 0.36%, to close the day at $71.52, with a total trading volume of 916,122 shares. Shares of the Company, which engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities, are trading 7.72% below their 50-day moving average. The stock has an RSI of 35.70.

On October 26th, 2016, Extra Space Storage reported net income attributable to common stockholders of $0.93 per diluted share, representing a 60.3% increase compared to Q3 2015. The company posted FFO of $1.00 per diluted share for Q3 2016. Excluding costs associated with acquisitions and non-cash interest, FFO as adjusted was $1.02 per diluted share, representing a 25.9% increase compared to the same period in 2015. Extra Space's same-store revenue increased by 6.1% and same-store net operating income ("NOI") rose by 7.8% compared to Q3 2015. During Q3 2016, the company acquired 26 wholly-owned operating stores and one store at completion of construction for a total purchase price of approximately $296.4 million. Sign up for your complimentary research report on EXR at:

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


National Storage Affiliates  

Shares in Greenwood Village, Colorado-based National Storage Affiliates ended the day 2.02% lower at $18.96. A total volume of 427,470 shares was traded, which are above their three months average volume of 401,850 shares. The stock has gained 10.68% since the start of this year. The Company's shares are trading below their 200-day moving average by 5.36%. Furthermore, shares of National Storage Affiliates, which invests in the real estate markets of top 100 metropolitan statistical areas across US, have an RSI of 35.53.

On November 02nd, 2016, National Storage reported net income of $7.9 million for Q3 2016, an increase of $5.8 million compared to $2.1 million for Q3 2015. Core FFO was $18.2 million, or $0.29 per share, for Q3 2016, an increase of 20.8% per share compared to $11.3 million, or $0.24 per share, for Q3 2015. Same store total revenues were $33.0 million for Q3 2016, an increase of 7.2% compared to $30.7 million for Q3 2015. Same store NOI was $22.5 million for Q3 2016, an increase of 9.5% compared to $20.6 million for Q3 2015. Get free access to your research report on NSA at:

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

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