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April 10, 2023
Douglas Emmett, Inc., Digital Realty Trust Inc, Extra Space Storage Inc led the pack during today's heightened trading volumes.
Here's an update with information from the last trading session: Markets did not have a clear cut direction — Dow Jones ended the session at 33,600 after a 0.3% gain. S&P 500 closed at 4,109 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 today, several real_estate stocks were actively traded. Here's an update:
Douglas Emmett | 100% slightly above rolling average
Trading volume peaked at 4 million shares today, thereby obliterating the daily average of 3.98 million by 100%.
18 days ago, the class-A office buildings REIT fell to a low of $10.84 but has since recovered 18.63%.
Douglas Emmett's board sets quarterly dividend of 19 cents per share to be paid on Friday, April 14th; annual dividend yield esimated at 6.02%.
Digital Realty Trust | 111% slightly above rolling average
Today's trading volume was 3.59 million shares (surpassing the daily average by 111%).
Over the past 11 months, Real estate investment trust company Digital Realty, has retreated 40.44% from a noteworthy peak of $152.67.
Digital Realty Trust discloses $1.22 per share dividend to be paid on Friday, March 31st
Extra Space Storage | 110% slightly greater than rolling average
Today's trading volume peaked at 2 million shares, thereby blitzing the daily average of 1.82 million by 110%.
The Utah-based REIT is up 15.42% from the significant low of $141.04 it hit 3 months ago. Extra Space Storage has posted further gains as part of a 4 day trend that has already seen the stock gain $8.28.
Extra Space Storage discloses $1.62 per share dividend to be paid on Friday, March 31st
— Average trading volume refers to a 21-day rolling average.
