The following real_estate stocks experienced higher volumes than usual including Hudson Pacific Properties, Inc., Rexford Industrial Realty, Inc., SL Green Realty Corp. and others.
A recap of yesterday's session: Markets did not have a clear cut direction — Dow Jones slipped 0.23% and closed at 33,900. Nasdaq closed at 12,157 after a flat day.
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.
While trading was mostly sideways yesterday, several real_estate stocks were actively traded. Here's an update:
Hudson Pacific Properties, Inc. | 129% slightly greater than rolling average
The REIT has fallen back around 78.2% from the significant high of $25.69 set a year ago. Hudson Pacific Properties, Inc. is currently trading with a market cap of $874.59 million with an average daily volume of 4.41 million shares.
Hudson Pacific Properties, Inc. outpaced its average daily trading volume (4.41 million) with 5.68 million shares traded yesterday.
Rexford Industrial | 140% higher than rolling average
Rexford Industrial outpaced its average daily trading volume (1.51 million) with 2.11 million shares traded yesterday.
The Californian REIT is now trading 34.31% below the significant high of $83.86 it set around a year ago. Rexford Industrial has posted further gains as part of a 4 day trend that has already seen the stock gain $1.41.
Rexford Industrial discloses 38 cents per share dividend to be paid on Monday, April 17th
SL Green | 105% slightly above rolling average
Trading volume was 4.50 million shares yesterday — beating the daily average by a mammoth 105%.
SL Green hit a significant low of $19.96 around 28 days ago, but has since recovered 22.75%. SL Green has posted further gains as part of a 4 day trend that has already seen the stock gain $1.57.
SL Green discloses 27.1 cents per share dividend to be paid on Monday, April 17th
— Average trading volume refers to a 21-day rolling average.