Take a look at the following real_estate stocks that showed higher volumes than usual: First Industrial Realty Trust, Inc., Mid-America Apartment Communities Inc, Rayonier Inc..
Friday's session summary: Leading equity indices in the US declined as Nasdaq closed at 12,000, a 1.59% change. After dropping 1.04%, S&P 500 closed at 4,136.48.
Why Trading Volume Matters
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
Though trading was down Friday, some real_estate stocks reached high volumes. Here is an update.
First Industrial Realty Trust | 200% above rolling average
First Industrial Realty Trust, Inc. outpaced its average daily trading volume (924,922) with 1.83 million shares traded Friday.
The industrial property developer has gained 11.8% since its lowest print of $43.82 earlier this year. The stock has been trending positively for about 3 months.
First Industrial Realty Trust discloses 29.5 cents per share dividend to be paid on Tuesday, January 17th
First Industrial Realty Trust is scheduled to announce earnings results Thursday. The consensus Earnings Per Share estimate is 0.26 and the consensus revenue estimate is $139.9 million.
Mid-America Apartment Communities | 156% above rolling average
Mid-America Apartment Communities had a compelling day Friday, with 1.19 million shares traded helping the company surpass its average daily volume by 156%.
This year has been a bright one for Memphis-based REIT after trading as low as $142.34 and going on to appreciate by 11.27% year to date. The stock has been trending positively for about 29 days. Though in the midst of a 5 day uptrend, gaining a total of 7%, ($12.36),
Mid-America Apartment Communities discloses $1.4 per share dividend to be paid on Tuesday, January 31st
Rayonier | 168% higher than rolling average
With 671,898 shares traded Friday, Rayonier beat its daily average by 168% to cap off a frenetic trading day.
The timberland real estate investment trust has managed to gain 8.15% so far this year despite trading at lows around $29.78 previously. The stock has been trending positively for about a month.
Rayonier discloses 28.5 cents per share dividend to be paid on Friday, December 30th
— Average trading volume refers to a 21-day rolling average.