NEW YORK, August 18, 2017 /PRNewswire/ --
If you want a Stock Review on SKT, SPG, O, or SLG then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. For today,
DailyStockTracker.com monitors Tanger Factory Outlet Centers Inc. (NYSE: SKT), Simon Property Group Inc. (NYSE: SPG), Realty
Income Corp. (NYSE: O), and SL Green Realty Corp. (NYSE: SLG). These companies belong to the Retail REIT space, which own and
manage retail properties and rent space in those properties to tenants. Retail REITs focus on large regional malls, while others
focus on grocery-anchored shopping centers and power centers that feature big-box retailers. Access DailyStockTracker.com's
complimentary reports for today's stocks line-up at:
http://dailystocktracker.com/register/
Tanger Factory Outlet Centers
Shares in Greensboro, North Carolina-based Tanger Factory Outlet Centers Inc. saw a slight
decline of 0.65%, ending Thursday's trading session at $24.32. The stock recorded a trading volume
of 1.36 million shares. The Company's shares are trading 7.32% below their 50-day moving average. Moreover, shares of Tanger
Factory Outlet Centers, which invests in the real estate markets in US, have a Relative Strength Index (RSI) of 34.32.
On August 01 st, 2017, Tanger Factory Outlet Centers reported financial and operating
results for the three and six months ended June 30th, 2017. For Q2 2017, net income was $29.1 million,
funds from operations ("FFO") were $59.4 million, and adjusted funds from operations ("AFFO") were $59.4 million. For
the six months ended June 30th, 2017, net income was $51.1 million, FFO was $117.1 million, and AFFO was $117.7 million.
On August 14 th, 2017, research firm Evercore ISI downgraded the Company's stock
rating from 'Outperform' to 'In-line'. Visit us today and access your complete report on SKT for free at:
http://dailystocktracker.com/registration/?symbol=SKT
Simon Property
Indianapolis, Indiana-based Simon Property Group Inc.'s stock declined 0.47%, closing the day
at $157.20 with a total trading volume of 1.28 million shares. The Company's shares have advanced
2.07% in the previous three months. The stock is trading 1.82% below its 50-day moving average. Additionally, shares of Simon
Property, which invests in the real estate markets across the globe, have an RSI of 43.69.
On August 08 th, 2017, Simon Property announced that it has launched the industry's
first enterprise-wide bot on Facebook Messenger that provides a complete concierge experience. Shoppers at all 208 Simon
Malls®, The Mills®, and Premium Outlets® in North America now have yet another option for accessing relevant and useful
information as they shop, including store and restaurant details, hours of operation, special events, daily promotions, and a
list of available amenities. The complimentary research report on SPG can be accessed at:
http://dailystocktracker.com/registration/?symbol=SPG
Realty Income
On Thursday, shares in Escondido, California-based Realty Income Corp. recorded a trading
volume of 1.55 million shares. The stock ended the day 0.73% lower at $57.19. The Company's shares
have advanced 0.05% in the past month and 6.26% in the previous three months. The stock is trading above its 50-day moving
average by 1.51%. Furthermore, shares of Realty Income, which makes investments in commercial real estate, have an RSI of
51.51.
On July 18 th, 2017, research firm Canaccord Genuity initiated a 'Buy' rating on the
Company's stock, with a target price of $61 per share.
On July 26 th, 2017, Realty Income announced operating results for Q2 and six months
ended June 30th, 2017. For Q2 2017, revenue was $300.2 million; net income
was $81.1 million; FFO was $203.3 million; and AFFO was $208.4 million. For the six months ended June
30th, 2017, revenue was $598.2 million, net income was $152.7 million, FFO was $390.5
million, and AFFO was $409.7 million. Register for free on DailyStockTracker.com and download the research report on O
at:
http://dailystocktracker.com/registration/?symbol=O
SL Green Realty
New York-based SL Green Realty Corp.'s stock dropped 1.55%, finishing yesterday's session at
$97.66 with a total trading volume of 625,317 shares. The Company's shares are trading below their
50-day moving average by 5.74%. Shares of the Company, which engages in the property management, acquisitions, financing,
development, construction, and leasing, have an RSI of 32.21.
On August 10 th, 2017, SL Green Realty announced an agreement to sell 16 Court
Street, a 317,600-square-foot office building in Brooklyn, New York, for a gross sale price of
$171.0 million to CIM Group, a full-service real estate and infrastructure fund manager. This
transaction is expected to close during Q4 2017, subject to customary closing conditions. The sale will generate net cash
proceeds of approximately $164.0 million.
On August 16 th, 2017, research firm Bank of America/ Merrill downgraded the
Company's stock rating from 'Buy' to 'Neutral'. Get free access to your research report on SLG at:
http://dailystocktracker.com/registration/?symbol=SLG
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