Winthrop Realty Trust (FUR) : Traders are bullish on Winthrop Realty Trust (FUR) as it has outperformed the S&P 500 by a wide margin of 1.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.93%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.86% in the last 1 week, and is up 4.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.94% and the 50-Day Moving Average is 1.12%. Winthrop Realty Trust has dropped 28.14% during the last 3-month period . Year-to-Date the stock performance stands at -29.53%.
Winthrop Realty Trust (NYSE:FUR): stock turned positive on Friday. Though the stock opened at $9.06, the bulls momentum made the stock top out at $9.15 level for the day. The stock recorded a low of $9.05 and closed the trading day at $9.14, in the green by 0.33%. The total traded volume for the day was 2,422,595. The stock had closed at $9.11 in the previous days trading.
Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Winthrop Realty Trust (NYSE:FUR). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Barclays lowers the price target from $15 per share to $13 per share. The rating by the firm was issued on May 24, 2016.
Winthrop Realty Trust is a real estate investment trust (REIT). The Company conducts its business through its wholly owned operating partnership, WRT Realty L.P. The Company has adopted a plan of liquidation, which was approved at a special meeting of shareholders. Prior to the plan of liquidation, the Company was engaged in the business of owning real property and real estate related assets, which it categorized into three segments: ownership of investment properties including wholly owned properties and investments in joint ventures, which own investment properties; origination and acquisition of loans collateralized directly or indirectly by commercial and multi-family real property, and equity and debt interests in other real estate investment trusts. Subsequent to the adoption of the plan of liquidation, the Company no longer makes operating decisions or assesses performance in separate segments as all assets are considered as held for sale.