Omega Healthcare Investors, Inc., Gaming and Leisure Properties, Inc., Weyerhaeuser Company led the pack during yesterday's heightened trading volumes.
Yesterday's session summary: Leading equity indices in the US declined as Dow Jones closed at 33,400, a 0.8% change. S&P 500 lost 0.7% and ended the session at 4,090.75.
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.
Omega Healthcare Investors | 335% higher than rolling average
Omega Healthcare Investors, Inc. outpaced its average daily trading volume (2 million) with 7 million shares traded yesterday.
Having set a significant high of $33.56 8 months ago, the US REIT is trading 20.92% lower.
Omega Healthcare Investors's board sets quarterly dividend of 67 cents per share to be paid on Monday, May 15th; annual dividend yield esimated at 9.23%.
Gaming and Leisure Properties | 268% above rolling average
Trading volume peaked at 2.27 million shares yesterday, thereby obliterating the daily average of 848,109 by 268%.
The casino-focused REIT has fallen back around 7.54% over the past 2 months, from a notable high of $54.92. The stock has been trending positively for about a month. Over the last 3 days, Gaming and Leisure Properties has fallen 3.15%.
Gaming and Leisure Properties discloses 97 cents per share dividend to be paid on Friday, March 24th
Weyerhaeuser Company | 197% higher than rolling average
Weyerhaeuser Company outpaced its average daily trading volume (3.93 million) with 7.75 million shares traded yesterday.
The lumber giant is now trading 17.09% below its 3-month high of $42.22. While Weyerhaeuser Company was in the midst of a 4 day downtrend— in which it lost a total of 2.11%—
Weyerhaeuser Company discloses 19 cents per share dividend to be paid on Friday, March 17th
— Average trading volume refers to a 21-day rolling average.