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April 29, 2023
The following real_estate stocks experienced higher volumes than usual including Federal Realty Investment Trust, Jones Lang LaSalle Incorporated, National Retail Properties, Inc. and others.
A recap of yesterday's session: Markets had an interesting day yesterday; 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 yesterday with some real_estate stocks recording abnormally high trading volumes. Here's a recap:
Federal Realty Investment Trust | 255% higher than rolling average
Federal Realty Investment Trust has posted further gains as part of a 3 day trend that has already seen the stock gain $2.08. Yesterday's session pointed in the same direction — having closed Thursday at $96.75, bullish sentiment helped Federal Realty Investment Trust to reach highs around $99.36 before paring gains and ending yesterday at $98.89.
Trading volume was 1.22 million shares yesterday — beating the daily average by a mammoth 255%.
Jones Lang LaSalle | 187% higher than rolling average
Trading volume was 652,137 shares yesterday — beating the daily average by a mammoth 187%.
Jones Lang LaSalle hit a significant low of $127.27 around 3 days ago, but has since recovered 7%. 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 EPS estimate is 1.78 and the consensus revenue estimate is $1.58 billion.
National Retail Properties | 187% higher than rolling average
Trading volume was 1.84 million shares yesterday — beating the daily average by a mammoth 187%.
The real estate investment trust has shed 8.88% 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%.
The company trades at $43.5 ahead of quarterly performance report which is scheduled to be released Tuesday.
— Average trading volume refers to a 21-day rolling average.
