Alexandria Real Estate Equities Inc, American Homes 4 Rent, Jones Lang LaSalle Incorporated and others reached higher-than-usual trading volumes.
A recap of yesterday's session: Leading equity indices in the US declined as Nasdaq shed 0.66% and closed at 11,379. After dropping 0.47%, S&P 500 closed at 3,951.39.
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 yesterday, some real_estate stocks reached high volumes. Here is an update.
Alexandria Real Estate Equities | 204% higher than rolling average
Trading volume was 1.63 million shares yesterday — beating the daily average by a mammoth 204%.
Approximately 10 months ago, the life sciences-focused REIT reached a significant high of $206.25 but has struggled to hold onto its gains and declined 27.38% since then. Alexandria Real Estate Equities's bearish run has lasted 19 days so far (-$21.04).
Alexandria Real Estate Equities discloses $1.21 per share dividend to be paid on Friday, January 13th
American Homes 4 Rent | 161% above rolling average
Trading volume peaked at 3.54 million shares yesterday, thereby obliterating the daily average of 2.19 million by 161%.
10 months ago the real estate investment trust reached a significant high of $43.35 but has consequently lost 28.44% since then. Having fallen $3.55 in 12 days,
American Homes 4 Rent discloses 18 cents per share dividend to be paid on Friday, December 30th
Jones Lang LaSalle | 148% higher than rolling average
Yesterday's trading volume was 412,948 shares (surpassing the daily average by 148%).
The commercial real estate services company is up 26.12% from the significant low of $138.33 it hit 3 months ago. Jones Lang LaSalle has posted further gains as part of a 3 day trend that has already seen the stock gain $6.14.
Jones Lang LaSalle reported earnings results Tuesday, with EPS at 4.36 and revenues at $5.60 billion; these results are mixed when compared to a consensus of 4.47 Earnings Per Share and $2.41 billion revenue. Since the release of its earnings report, Jones Lang LaSalle gained 4.21%.
— Average trading volume refers to a 21-day rolling average.