Promising Real Estate Stocks To Follow Today - November 8th

Key Points

• Seven real estate stocks flagged: Blackstone, Equinix, Welltower, American Tower, Crown Castle, Simon Property Group and Prologis had the sector’s highest dollar trading volumes in recent days, according to MarketBeat.
• In Friday trading, Equinix and Simon Property Group rose by $15.36 and $2.41, respectively; the other five stocks listed declined.
• The companies span several property businesses, including alternative asset management, data centers, senior housing, communications infrastructure, retail properties and logistics real estate.

Blackstone, Equinix, Welltower, American Tower, Crown Castle, Simon Property Group, and Prologis are the seven Real Estate stocks to watch today, according to MarketBeat's stock screener tool. Real estate stocks are shares in companies involved in owning, developing, managing, or financing property, including real estate investment trusts (REITs). For investors, they offer exposure to the real estate sector through the stock market, and their returns can be affected by property values, rents, interest rates, and broader market conditions. These companies had the highest dollar trading volume of any Real Estate stocks within the last several days.

Blackstone (BX)

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.

BX stock traded down $0.16 during midday trading on Friday, reaching $119.66. The company's stock had a trading volume of 6,323,248 shares, compared to its average volume of 6,133,158. The stock has a fifty day simple moving average of $120.38 and a two-hundred day simple moving average of $123.52. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.72 and a current ratio of 0.71. Blackstone has a 1 year low of $101.73 and a 1 year high of $165.14. The firm has a market capitalization of $89.82 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 1.52 and a beta of 1.52.

Read Our Latest Research Report on BX

Equinix (EQIX)

NASDAQ:EQIX traded up $15.36 during mid-day trading on Friday, reaching $1,012.71. The company's stock had a trading volume of 685,272 shares, compared to its average volume of 650,068. Equinix has a 1 year low of $720.62 and a 1 year high of $1,128.68. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $99.92 billion, a PE ratio of 60.82, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The stock has a fifty day moving average of $1,016.72 and a 200-day moving average of $1,013.32.

Read Our Latest Research Report on EQIX

Welltower (WELL)

Welltower Inc. NYSE: WELL, a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

NYSE:WELL traded down $0.11 during trading hours on Friday, reaching $245.32. The company's stock had a trading volume of 2,459,221 shares, compared to its average volume of 3,062,995. Welltower has a 12 month low of $181.47 and a 12 month high of $255.20. The stock has a 50 day moving average price of $233.83 and a two-hundred day moving average price of $219.61. The company has a market capitalization of $179.97 billion, a P/E ratio of 106.20, a price-to-earnings-growth ratio of 1.17 and a beta of 0.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.16 and a current ratio of 3.16.

Read Our Latest Research Report on WELL

American Tower (AMT)

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.

Shares of NYSE AMT traded down $5.18 during trading hours on Friday, hitting $188.81. 2,958,017 shares of the stock were exchanged, compared to its average volume of 3,758,484. American Tower has a 12 month low of $160.06 and a 12 month high of $202.50. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.30. The company has a market cap of $87.98 billion, a PE ratio of 26.63, a PEG ratio of 3.41 and a beta of 0.85. The firm has a fifty day moving average price of $177.26 and a 200-day moving average price of $177.65.

Read Our Latest Research Report on AMT

Crown Castle (CCI)

Shares of CCI stock traded down $2.26 during mid-day trading on Friday, reaching $88.69. The stock had a trading volume of 5,388,058 shares, compared to its average volume of 6,424,876. The firm has a market cap of $37.73 billion, a price-to-earnings ratio of 46.68, a PEG ratio of 0.78 and a beta of 0.88. The business's fifty day moving average is $77.12 and its 200-day moving average is $82.27. Crown Castle has a 1-year low of $65.32 and a 1-year high of $95.07.

Read Our Latest Research Report on CCI

Simon Property Group (SPG)

Simon Property Group, Inc. NYSE: SPG is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries.

Shares of NYSE:SPG traded up $2.41 during midday trading on Friday, reaching $228.96. 1,855,250 shares of the company's stock traded hands, compared to its average volume of 1,378,278. The company has a market cap of $74.08 billion, a P/E ratio of 16.52, a PEG ratio of 3.52 and a beta of 1.27. Simon Property Group has a 1 year low of $177.88 and a 1 year high of $238.50. The company has a fifty day simple moving average of $207.97 and a two-hundred day simple moving average of $206.76. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05.

Read Our Latest Research Report on SPG

Prologis (PLD)

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.

Shares of Prologis stock traded down $1.44 during mid-day trading on Friday, reaching $127.11. 3,333,352 shares of the stock traded hands, compared to its average volume of 4,221,546. The business has a 50-day moving average of $131.60 and a 200 day moving average of $137.71. Prologis has a fifty-two week low of $121.40 and a fifty-two week high of $153.35. The stock has a market capitalization of $120.82 billion, a PE ratio of 28.06, a PEG ratio of 1.44 and a beta of 1.27. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.61.

Read Our Latest Research Report on PLD

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