Which Has The Best Potential Out Of Lexington Realty Trust(LXP), American Realty Capital Properties Inc(ARCP) and Annaly Capital Management, Inc.(NLY)?
New York, NY – GDP INSIDER – 03/11/2015.
This article discusses three companies: Lexington Realty Trust(NYSE:LXP), American Realty Capital Properties Inc(NASDAQ:ARCP) and Annaly Capital Management, Inc.(NYSE:NLY)
Lexington Realty Trust(NYSE:LXP) woes continued yesterday, with the stock declining another 1.84% or $0.18 to close at $9.58 on heavy trading of 4.725 million shares. Lexington Realty Trust has been doing much worse than most comparable companies in the Real Estate Investment Trust (REIT) sector. as its quarterly funds from operations continue to decline. With its RSI now at 22.43 the stock may be somewhat undervalued providing a buying opportunity, but until market sentiment on the company changes, it is unlikely to make significant gains in the near term.
American Realty Capital Properties Inc(NASDAQ:ARCP) closed down 2.3% or $0.22 yesterday at $9.33, with only 6.825 million shares traded compared to its three month average of 14.163 million. The decline continued despite the real estate investment trust attempting to put the recent accounting scandals behind it, by announcing the appointment of a new CEO yesterday. The shares are up 3.09% YTD which is only slightly lower than the average of around 6% for the sector. If it can get its house in order, then American Realty Capital Properties Inc could be a good buy.
Annaly Capital Management, Inc.(NYSE:NLY) declined slightly yesterday to close down 0.77% or $0.08 at $10.35, on average trading volume of 7.278 million shares. The stock has been underperforming the S&P 500 since the middle of November and is now down 5.46% for the last 52 weeks compared to a gain of 8.84% for the S&P 500 index. Annaly Capital Management Inc has diverging downward MACD, but the RSI is at 33.86 showing that the stock may not have that much further to fall. This could offer a potential investment opportunity, if the stock falls much further.
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