Douglas Emmett, Inc., Welltower Inc, Realty Income Corp led the pack during yesterday's heightened trading volumes.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Nasdaq lost 0.68% and ended the session at 13,700. S&P 500 closed at 4,409.59, a 0.37% change.
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.
Douglas Emmett | 441% higher than rolling average
Yesterday's trading volume was 18.26 million shares (surpassing the daily average by 441%).
Douglas Emmett hit a significant low of $10.27 around a month ago, but has since recovered 24.44%. The stock has been trending positively for about a month. On a 3 day uptrend,
Douglas Emmett discloses 19 cents per share dividend to be paid on Friday, April 14th
Welltower | 397% above rolling average
Yesterday's trading volume peaked at 11.64 million shares, thereby blitzing the daily average of 2.93 million by 397%.
The healthcare infrastructure REIT now trading 13.54% above its 3-month low of $57.37. While Welltower was in the midst of a 4 day downtrend— in which it lost a total of 1.88%—
Welltower discloses 61 cents per share dividend to be paid on Tuesday, May 23rd
Realty Income | 336% higher than rolling average
Realty Income outpaced its average daily trading volume (4.76 million) with 15.97 million shares traded yesterday.
Having set a significant high of $74.75 10 months ago, the real estate investment trust is trading 18.09% lower. Realty Income has posted further gains as part of a 16 day trend that has already seen the stock gain $2.79.
Realty Income discloses 25.5 cents per share dividend to be paid on Thursday, June 15th
— Average trading volume refers to a 21-day rolling average.