Rayonier is today's top mover after declining 4.95%
The leading indices are falling — Dow Jones trades at 33,100 after losing 0.97%. S&P 500 slipping 0.64% and closing at 4,064.66.
Today's price action is taking place amid mixed market indicators – highly important Initial Jobless Claims data from United States beat analyst expectations of 240,000 with a reading of 242,000.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. The currently most active real_estate stocks are listed below.
Host Hotels & Resorts | +5% in mid-session
Host Hotels & Resorts Inc increases its stock value by 5% for its largest single-day gain since Jan 11. The REIT is now trading 9.49% above the significant low ($14.86) it slumped to a month ago. So far this year, it has been under-performing the S&P 500 by 6.27%. The company's market cap currently stands at $12.17 billion with an average daily volume of 5.20 million shares.
Rayonier falls 4.95% ahead of quarterly report today
More of the same today: the timberland real estate investment trust is trading close to the $29.4 level today, after ending yesterday at $30.93 and dropping 4.95%. Rayonier's market cap is currently $4.50 billion with an average daily trading volume of 391,442 shares.
Rayonier is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is 0.11 and the consensus revenue estimate is $216.3 million.
Lamar Advertising Company currently down 4.73% halfway through today
Similar trend today: the outdoor advertising company is trading close to the $97.41 level today, after ending yesterday at $102.25 and dropping 4.73%. Currently, the US ad company has a market capitalization of $9.92 billion with an average daily trading volume of 368,637 shares. So far this year, it has been doing worse than the Nasdaq by 2.25%.