LONDON, June 18, 2013 /PRNewswire/ --
The U.S. residential REIT sector has benefited from the ongoing recovery in the housing market which has been driven mainly by low mortgage rates and pent up demand. On the other, low mortgage rates created significant challenges for REITs focusing on mortgage backed securities (MBS) market. In recent weeks, though, mortgage rates have climbed amid concerns that the Federal Reserve will start easing its $85 billion a month bond buying program. The outlook for mortgage REITs is expected to improve if mortgage rates continue to rise. Finally, the outlook for commercial REITs is also projected to improve as the U.S. economy maintains its recovery course. On Monday, June 17, 2013, the REIT sector ended on a mixed note even as the broader market posted gains. The major movers in the sector included Two Harbors Investment Corp. (NYSE: TWO), Hersha Hospitality Trust (NYSE: HT), CubeSmart (NYSE: CUBE), and Redwood Trust Inc. (NYSE: RWT). AAAResearchReports.com has released full comprehensive research on TWO, HT, CUBE, and RWT. These free technical analyses can be downloaded by signing up at
Shares in Two Harbors Investment Corp. fell sharply on Monday, reversing some its gains from previous trading sessions. The Company's shares traded between $10.71 and $11.20 before finishing the day 2.62% lower at $10.76. A total of 6.25 million shares were traded which is below the daily average volume of 7.09 million. However, despite the losses yesterday, Two Harbors Investment's shares have gained nearly 2.20% in the last three sessions. Since the beginning of 2013, the stock has grown by nearly 7%, but it is still underperforming the S&P 500. Download free report on TWO upon registration at:
Hersha Hospitality Trust's stock moved higher yesterday, extending its gains from previous sessions. The company's shares hit an intraday high of $5.86 before finishing the day 1.40% higher at $5.80. A total of 2.20 million shares were traded, which is above the daily average volume of 1.62 million. The Company's shares have grown over 5.80% in the last three sessions. The stock has gained around 17.65% YTD, thus outperforming the S&P 500. Hersha's shares are currently trading 7.05% below their 52-week high. The REIT currently has a dividend yield of 4.14%. HT technical report can be accessed for free by signing up at:
Shares in CubeSmart rose sharply on Monday, extending their rally from previous trading sessions. The company's shares hit an intraday high of $17.16 before closing the day 2.47% higher at $16.58. A total of 1.34 million shares were exchanged which is above the daily average volume of 1.01 million. The Company's shares have grown over 7.10% in the last three sessions. The stock is currently trading near its 52-week high of $17.70. The free report on CUBE can be downloaded by signing up now at:
Redwood Trust Inc.'s stock fell sharply yesterday, even as the broader market posted significant gains. The Company's shares traded between $18.47 and $19.25 before ending the day 1.38% lower at $18.61. A total of 745,285 shares were traded which is well below the daily average volume of 1.21 million. However, despite the sharp decline on Monday, Redwood Trust's shares are still up nearly 0.60% in the last three trading sessions. The REIT currently has a dividend yield of 6.02%. A free report on RWT can be accessed by registering at:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquires, please contact us at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE AAA Research Reports