Following Friday's heightened trading volumes, Federal Realty Investment Trust, Jones Lang LaSalle Incorporated, National Retail Properties, Inc. were the standout stocks.
A quick recap of where the last trading session ended: Markets closed higher Friday; Dow Jones gained 0.8% and closed at 34,100. S&P 500 ended the session at 4,169.48 after a 0.83% gain.
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.
Price action was mostly bullish Friday with some real_estate stocks recording abnormally high trading volumes. Here's a recap:
Federal Realty Investment Trust | 255% above rolling average
The US REIT is now trading 10.28% below its 3-month high of $121.65. The stock has been trending positively for about a month. The company's market cap currently stands at $8 billion with an average daily volume of 478,944 shares.
With 1.22 million shares traded Friday, Federal Realty Investment Trust beat its daily average by 255% to cap off a frenetic trading day.
Jones Lang LaSalle | 187% higher than rolling average
Trading volume peaked at 652,137 shares Friday, thereby obliterating the daily average of 349,064 by 187%.
After hitting an important low of $127.27 approximately 4 days ago, the UK-founded real estate company has bounced back 7% since. Jones Lang LaSalle has posted further gains as part of a 3 day trend that has already seen the stock gain $8.94.
Jones Lang LaSalle is scheduled to announce earnings results Thursday. The consensus Earnings Per Share estimate is 1.78 and the consensus revenue estimate is $1.58 billion.
National Retail Properties | 187% above rolling average
National Retail Properties had a compelling day Friday, with 1.84 million shares traded helping the company surpass its average daily volume by 187%.
The high-quality retail REIT has shed 7.33% over the past three months. The stock has been trending positively for about a month. National Retail Properties has posted further gains as part of a 3 day trend that has already seen the stock gain 42 cents.
National Retail Properties's board sets quarterly dividend of 55 cents per share to be paid on Monday, May 15th; annual dividend yield esimated at 5.06%.
National Retail Properties is scheduled to announce earnings results Tuesday. The consensus Earnings Per Share estimate is 0.47 and the consensus revenue estimate is $199.11 million.
— Average trading volume refers to a 21-day rolling average.
