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StockCall Pre-Market Review on DDR, GGP, KIM, O, and MAC

Friday, 14 June 2013 07:55 AM

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StockCall.com Provides Stock Research on DDR Corp., General Growth Properties Inc., Kimco Realty Corp., Realty Income Corp., and Macerich Co.

 

New York City, New York -- (June 14, 2013)

A report released by the Commerce Department on Thursday, June 13, 2013 showed that U.S. retail sales rose by 0.6%, more than forecasted, in the month of May, highlighting the fact that the improvement in labor market has boosted consumer spending. One of the biggest beneficiaries of improving retail sales are expected to REITs focusing on the retail space. Rising retail sales will boost retailers’ confidence which will ultimately lead to a rise in occupancy rates, benefiting retail REITs. Yesterday, REITs ended mostly higher as the broad market rallied following some robust economic data. The major movers included DDR Corp. (NYSE: DDR), General Growth Properties Inc. (NYSE: GGP), Kimco Realty Corp. (NYSE: KIM), Realty Income Corp. (NYSE: O), and Macerich Co. (NYSE: MAC). StockCall analysts initiated preliminary technical research on DDR, GGP, KIM, O, and MAC. These free reports are accessible by signing today at

www.stockcall.com/register

Shares in DDR Corp. rose sharply on Thursday, reversing some of its losses from previous sessions. The company’s shares ended the day 2.43% higher at $17.31. A total of 2.59 million shares were exchanged, which is well below the daily average volume of 4.18 million. Shares of the company are still down over 1.30% in the last three sessions. In the last one month, the stock has fallen by over 9.50%. However, despite the recent losses, shares of DDR are still up nearly 12.30% since the beginning of this year. The free technical analysis on DDR is available by signing up at

www.StockCall.com/DDR061413.pdf

General Growth Properties Inc.’s stock was one of the best performers in the REIT sector on Thursday. The company’s shares hit an intraday high of $20.85 before finishing the day 3.03% higher at $20.76. A total of 2.76 million shares were exchanged which is well below the daily average volume of 4.12 million. Shares of GGP are currently trading 11.02% below their 52-week high. The stock currently has a dividend yield of 2.31%. Register now to download the free research on GGP at

www.StockCall.com/GGP061413.pdf

Shares in Kimco Realty Corp. moved higher yesterday, ending the day 1.80% higher at $22.08 after trading between $21.64 and $22.11. A total of 4.93 million shares were traded which is above the daily average volume of 4.13 million. However, despite the growth seen on Thursday, KIM’s shares have fallen 0.50% in the last three trading sessions. The stock is currently trading well below its 50-day moving average. Free report on KIM can be accessed by registering at

www.StockCall.com/KIM061413.pdf

Realty Income Corp.’s stock rose on Thursday, reversing most of its recent losses. The company’s shares ended the day 2.34% higher at $44.10 after trading between $43.01 and $44.32. It also saw volume of 2.65 million shares which is above the daily average volume of 2.02 million. Shares of the company are now down over 0.60% in the last three sessions. The stock currently has a dividend yield of 4.92%.Register withStockCall and download the research on O for free at

www.StockCall.com/O061413.pdf

Shares in Macerich Co. rose sharply in its most recent session on Thursday, closing 3.36% higher at $62.80 after trading between $60.85 and $62.92. The company registered volume of 1.02 million shares which is well below the daily average volume of 2.85 million. So far this year, the company’s shares have grown 9.60%, but they still are underperforming the S&P 500. The stock is currently trading 12.29% below its 52-week high. Read the full free research on MAC by signing up to StockCall at

www.StockCall.com/MAC061413.pdf

 

 

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