Today's Research on CBRE Group, Brookfield Properties, American Realty Capital Properties, and Brookfield Asset Management
* Reuters is not responsible for the content in this press release.
For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130326:nPn3268294 LONDON, March 26, 2013 /PRNewswire/ -- The housing market in the U.S. has continued to recover. The recovery, which began last year, has been driven by record low mortgage rates and substantial pent-up demand. The Federal Reserve in its most recent monetary policy statement once again reiterated that it plans to continue with its bond buying program, which has pushed mortgage rates to record low levels, until there is a sustained recovery in the labor market. This should continue to drive improvement in the residential and commercial real estate market, benefiting companies property managers and real estate developers such as CBRE Group Inc. (NYSE: CBG), Brookfield Office Properties Inc. (NYSE: BPO), American Realty Capital Properties Inc. (NASDAQ: ARCP), and Brookfield Asset Management Inc. (NYSE: BAM). Shares of property managers and real estate developers ended mostly lower on Monday, as the broad market struggled. StockCall professionals have completed their technical analysis on CBG, BPO, ARCP, and BAM and these free reports are accessible by registering at http://www.stockcall.com/research Shares of CBRE Group Inc. edged lower in trading on Monday; however, the losses were limited. The stock closed 0.12% lower at $24.68 on volume of 2.88 million. CBRE's shares have seen a pullback after the stock recently hit a 52-week high of $25.45. However, the stock currently has strong support at around $24.50. The Property Management company's shares have had an excellent run so far in 2013, gaining more than 24%. The stock's MACD chart, though, suggests that market sentiment has turned bearish. Sign up for the free technical research on CBG at http://www.StockCall.com/CBG032613.pdf Shares of Brookfield Office Properties Inc. also edged lower on Monday. The stock finished the day 0.41% lower $16.93 on volume of 1.02 million. Brookfield Office's shares have struggled so far in the year, gaining just 0.36% even as the broad market has gained 8.80% in 2013. The stock has traded in a very tight range since the start of this year, struggling to break through $17.20. The stock's MACD, however, has just crossed above the signal line, which is a bullish signal. Be sure to read our latest technical research on BPO by registering at http://www.StockCall.com/BPO032613.pdf Shares of American Realty Capital Properties Inc. fell sharply in yesterday's trading session. The stock closed 2.07% lower at $14.20 on volume of 2.86 million. It touched an intra-day low of $14. American Realty Capital Properties Inc.'s shares are still up more than 9% for the year, though. The stock is currently trading more than 4.80% below its 52-week high of $14.92. The Real Estate Development company currently has support at around $14. Sign up and read the complimentary report on ARCP at http://www.StockCall.com/ARCP032613.pdf Brookfield Asset Management Inc.'s shares posted small loss on Monday, continuing their downward trend. The stock is now trading more than 9% below its 52-week high of $39. Yesterday, Brookfield Asset Management's shares fell to an intra-day low of $35.27 before finishing the day 0.25% lower at $35.41 on above average volume of 1.91 million. Year-to-date, the stock has now fallen more than 2.60%, compared to a gain of 8.80% for the S&P 500. The stock is currently trading well below its 50-day moving average. The free report on BAM can be downloaded by signing up now at http://www.StockCall.com/BAM032613.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact Person: William T. Knight, Email: email@example.com , Contact Number: +1-(646)-396-9857 (9:00 am EST - 01:30 pm EST)
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