Sector Update: Financial Shares Weighed Down by China, Russia Woes
Top Financial Shares:
Financial shares were generally mixed in the pre-market session Friday, amid ongoing tensions in Russia and concerns about growth in China and ahead of consumer-sentiment results.
American Homes 4 Rent ( AMH ) late Thursday reported Q4 funds from operations and revenue weaker than Street view while maintaining its quarterly distribution rate.
The Maryland real-estate investment trust reported a net loss attributable to shareholders of $14.5 million, or $$0.08 per diluted share, compared with a net loss of $7.7 million, or $0.05 per diluted share, in Q3. The company didn't provide updated prior-year figures. AMH was inactive pre-market after closing Thursday at $17.00, near its 52-week high of $17.60.
TICC Capital Corp. ( TICC ) was down about 4% pre-market after the investment company said it has started a public offering of 6 million shares of its common stock. In connection with the offering, the company intends to grant the underwriters an option to purchase up to 900,000 additional shares of common stock.