Real Estate Development Stocks on Investors' Radar -- Invitation Homes, Brookfield Asset Management, Forestar, and Summit Hotel Properties

NEW YORK, June 6, 2017 /PRNewswire/ --

On Monday, June 05, 2017, US markets saw broad based losses with eight out of nine sectors finishing the trading sessions in red. Major US indices were also bearish at the close of yesterday's session. The NASDAQ Composite ended the day at 6,295.68, down 0.16%; the Dow Jones Industrial Average edged 0.10% lower, to finish at 21,184.04; and the S&P 500 closed at 2,436.10, down 0.12%. This Tuesday morning, DailyStockTracker.com looks at the performance of these four Real Estate Development stocks: Invitation Homes Inc. (NYSE: INVH), Brookfield Asset Management Inc. (NYSE: BAM), Forestar Group Inc. (NYSE: FOR), and Summit Hotel Properties Inc. (NYSE: INN). This morning's free research reports on the aforesaid equities can be accessed upon registration on DailyStockTracker.com at:

http://dailystocktracker.com/register/

Invitation Homes 

Dallas, Texas headquartered Invitation Homes Inc.'s stock finished Monday's session 1.60% lower at $21.58. A total volume of 1.27 million shares was traded, which was above their three months average volume of 1.21 million shares. The Company's shares have advanced 1.79% in the past month and 7.90% on an YTD basis. The stock is trading above its 200-day moving average by 0.56%. Furthermore, shares of Invitation Homes, which focuses on owning, renovating, leasing, and operating single-family residential properties in the US, have a Relative Strength Index (RSI) of 50.26.

On June 05^th, 2017, research firm Evercore ISI initiated an 'Outperform' rating on the Company's stock, with a target price of $24 per share. Visit us today and download your complete report on INVH for free at:

http://dailystocktracker.com/registration/?symbol=INVH

Brookfield Asset Management 

Shares in Toronto, Canada-based Brookfield Asset Management Inc. ended at $38.21, up 0.69% from the last trading session. The stock recorded a trading volume of 597,575 shares. The Company's shares have gained 2.33% in the last one month, 6.43% in the previous three months, and 15.75% on an YTD basis. The stock is trading 2.79% above its 50-day moving average and 8.41% above its 200-day moving average. Moreover, shares of Brookfield Asset Management, which through its subsidiaries, the firm invests in the property, power, and infrastructure sectors, have an RSI of 57.22. The complimentary research report on BAM can be accessed at:

http://dailystocktracker.com/registration/?symbol=BAM

Forestar 

Austin, Texas headquartered Forestar Group Inc.'s stock ended yesterday's session 12.68% higher at $16.00. A total volume of 12.94 million shares was traded, which was above their three months average volume of 633,640 shares. The Company's shares have advanced 13.07% in the past month, 22.14% over the previous three months, and 20.30% on an YTD basis. The stock is trading 14.08% and 24.23% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Forestar Group, which operates as a real estate company, have an RSI of 92.76. Register for free on DailyStockTracker.com and download the research report on FOR at:

http://dailystocktracker.com/registration/?symbol=FOR

Summit Hotel Properties 

On Monday, shares in Sioux Falls, South Dakota-based Summit Hotel Properties Inc. recorded a trading volume of 849,373 shares. The stock finished 1.04% lower at $18.11. The Company's shares have advanced 7.03% in the last one month, 17.67% in the previous three months, and 12.98% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.81% and 19.86%, respectively. Furthermore, shares of Summit Hotel Properties, which engages in acquiring, owning, renovating, repositioning, and asset-managing and selling premium-branded limited-service and select-service hotels in the upscale and midscale without food and beverage segments of the US lodging industry, have an RSI of 68.78.

On May 25^th, 2017, research firm Canaccord Genuity reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $18 a share to $20 a share. Get free access to your research report on INN at:

http://dailystocktracker.com/registration/?symbol=INN

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