Breakfast Technical Briefing on REIT Stocks -- Apartment Investment and Management, American Homes 4 Rent, ARMOUR Residential REIT, and Independence Realty Trust

NEW YORK, August 17, 2017 /PRNewswire/ --

If you want a Stock Review on AIV, AMH, ARR, or IRT then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Residential REITs showed strong momentum in H1 2017, with a decent increase in both top-line and bottom-line results, according to an article on Market Realist. Stocks of REITs gained in spite of an increase in the interest rate during the first half of the year. In today's pre-market research, DailyStockTracker.com dedicates attention to Apartment Investment and Management Co. (NYSE: AIV), American Homes 4 Rent (NYSE: AMH), ARMOUR Residential REIT Inc. (NYSE: ARR), and Independence Realty Trust Inc. (NYSE: IRT). Daily Stock Tracker published free research reports on these stocks today at:
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Apartment Investment and Management 

Denver, Colorado headquartered Apartment Investment and Management Co.'s shares declined 1.17%, closing Wednesday's trading session at $45.42. The stock recorded a trading volume of 1.22 million shares, which was above its three months average volume of 1.16 million shares. Shares of the Company have advanced 4.90% in the last month and 5.95% over the previous three months. The stock is trading 2.81% above its 50-day moving average and 3.34% above its 200-day moving average. Additionally, shares of Apartment Investment and Management have a Relative Strength Index (RSI) of 53.96.

On July 26^th, 2017, Apartment Investment and Management announced that its Board of Directors declared a quarterly cash dividend of $0.36 per share of Class A Common Stock for the quarter ended June 30^th, 2017, an increase of 9% compared to the dividend for the second quarter of 2016. This dividend is payable on August 31^st, 2017, to stockholders of record on August 18^th, 2017. See our free and comprehensive research report on AIV at:
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American Homes 4 Rent 

On Wednesday, shares in Malibu, California-based American Homes 4 Rent recorded a trading volume of 3.21 million shares, which was above their three months average volume of 2.06 million shares. The stock edged 2.42% higher, ending the day at $22.90. The Company's shares have advanced 3.29% in the previous three months and 9.15% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.39% and 3.26%, respectively. Furthermore, shares of the Company have an RSI of 55.51.

On August 14^th, 2017, American Homes 4 Rent announced that it has priced an underwritten public offering of 12,000,000 of its Class A common shares of beneficial interest, $0.01 par value per share, for expected gross proceeds of approximately $266 million. The offering was upsized from an original offering size of 10,000,000 Class A common shares to a final offering size of 12,000,000 Class A common shares. AMH free research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=AMH

ARMOUR Residential REIT 

Vero Beach, Florida-based ARMOUR Residential REIT Inc.'s stock finished the day 0.15% higher at $26.19. A total volume of 690,152 shares was traded, which was above their three months average volume of 621,180 shares. The Company's shares have advanced 5.39% in the last one month, 5.35% in the previous three months, and 20.75% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.38% and 11.21%, respectively. Additionally, shares of the Company have an RSI of 58.62.

On July 26^th, 2017, ARMOUR Residential REIT announced the August 2017 cash dividend for its common stock, which maintains the current monthly dividend rate of $0.19 per common share. The dividend is payable on August 28^th, 2017, to shareholders of record at the close of business on August 15^th, 2017. Sign up for your complimentary report on ARR at:
http://dailystocktracker.com/registration/?symbol=ARR

Independence Realty Trust 

Shares in Philadelphia, Pennsylvania-based Independence Realty Trust Inc. ended yesterday's session 0.97% lower at $10.20. The stock recorded a trading volume of 541,650 shares. The Company's shares have advanced 0.10% in the last one month, 12.96% over the previous three months, and 14.35% since the start of this year. The stock is trading 1.85% and 9.99% above its 50-day and 200-day moving averages, respectively. Moreover, shares of the Company have an RSI of 53.68.

On August 01^st, 2017, Independence Realty Trust announced its Q2 2017 financial results. Net income for Q2 2017 was $18.7 million, core funds from operations were $0.19 per share, and adjusted EBITDA was $19.5 million. For the three months ended June 30^th, 2017, recurring capital expenditures for the total portfolio was $1.9 million, or $142 per unit. Register for free on DailyStockTracker.com and download the latest research report on IRT at:
http://dailystocktracker.com/registration/?symbol=IRT

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