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US Financials Trend Capture Analysis - 1.30.18

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Page 1: US Financials - Trendrating€¦ · way to overlay a “Momentum Tilt” on your existing research to give your portfolio a tangible performance boost. ... - → A Sba Communications

US FinancialsTrend Capture Analysis - 1.30.18

Page 2: US Financials - Trendrating€¦ · way to overlay a “Momentum Tilt” on your existing research to give your portfolio a tangible performance boost. ... - → A Sba Communications

US Financials Jan 30, 2018

Overall PMR®

BRating weights

A 70.70%

B 3.18%

C 4.71%

D 17.96%

- 3.44%

Alerts

▲ Upgrades 36

▼ Downgrades 66

Last 20 days

Market allocation

United States B 100.00%

     

     

     

     

Sector allocation

Banks - Banks A- 38.47%

Real Estate - REITs - 26.88%

Financial Services - Financial... A- 16.43%

Insurance - Nonlife Insurance B+ 6.50%

Others 11.72%

AbstractTrendrating is a leading provider in the next generation of momentum analytics. Over 200 wealth managers and RIAs rely on Trendrating to identify trends early and accurately. Trendrating is over 70% accurate at identifyingmedium to long term price momentum for Stocks, ETFs, Sectors and Indices across 50 countries. Our platform is one of the most modern and intuitive research systems available. Trendrating is the easiest and most actionableway to overlay a “Momentum Tilt” on your existing research to give your portfolio a tangible performance boost. This report is a Sector Summary highlighting the current price momentum of individual constituents Trendratingcan provide you with comprehensive ratings on each of your portfolios, including each individual security. If you would like to access all of our ratings and analytics, including Performance Since Rated and Smart MomentumScores, please contact Trendrating at [email protected] for a free 21-day evaluation of our web-based platform

Rating changes (recent ones)

Upgrades

B → A First Business Financial Services 01-29-2018

- → A Sba Communications 01-29-2018

B → A Stewart Information Services 01-29-2018

D → B Community Bank System 01-26-2018

D → B Condor Hospitality Trust 01-26-2018

Downgrades

A → C Great Ajax 01-29-2018

A → C Preferred Apartment Communities 01-29-2018

B → D Ames National 01-29-2018

A → D Banner 01-29-2018

A → C Equinix 01-29-2018

New highs and new lows

New Highs

Pnc Financial Services A USD 159.21 ▲ 12 months

Lincoln National A USD 85.71 ▲ 12 months

Connectone Bancorp A USD 29.35 ▲ 12 months

Cullen/frost Bankers A USD 107.31 ▲ 12 months

New Lows

Blackrock Capital Investment D USD 6.02 ▼ 12 months

Kite Realty Group Trust D USD 17.24 ▼ 12 months

Kimco Realty D USD 15.93 ▼ 12 months

Acadia Realty Trust D USD 24.94 ▼ 12 months

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US Financials Jan 30, 2018

Top positive performers

1 week

World Acceptance Corp (s.c.) A USD 112.47 +28.00%

Enova International A USD 17.90 +11.53%

Hingham Institution For Savings A USD 233.13 +10.76%

Old Republic International A USD 22.21 +8.98%

National Commerce A USD 45.45 +8.09%

1 month

World Acceptance Corp (s.c.) A USD 112.47 +39.33%

Onemain A USD 33.48 +28.82%

Gsv Capital A USD 6.99 +28.26%

Blackhawk Network B USD 45.50 +27.63%

Triumph Bancorp A USD 38.85 +23.33%

3 months

Virtu Financial A USD 19.45 +45.69%

World Acceptance Corp (s.c.) A USD 112.47 +45.59%

Taubman Centers A USD 63.44 +37.02%

Kingstone Companies A USD 20.85 +35.39%

Lendingtree A USD 362.25 +31.32%

Worst negative performers

1 week

New York Reit D USD 2.06 -50.24%

Colony Northstar D USD 9.07 -10.90%

Bluerock Residential Growth Reit D USD 8.26 -10.41%

Central Valley Community Banc... D USD 19.18 -9.91%

Arlington Asset Investment D USD 10.84 -7.59%

Cys Investments C USD 6.91 -7.12%

Premier Financial Bancorp C USD 19.04 -6.89%

Umh Properties C USD 13.40 -6.56%

1 month

New York Reit D USD 2.06 -47.58%

Colony Northstar D USD 9.07 -20.51%

Preferred Apartment Communiti... C USD 16.47 -18.67%

Bluerock Residential Growth Reit D USD 8.26 -18.30%

Orchid Island Capital D USD 7.95 -14.33%

Cys Investments C USD 6.91 -13.95%

Kimco Realty D USD 15.93 -12.23%

Kite Realty Group Trust D USD 17.24 -12.04%

3 months

New York Reit D USD 2.06 -50.28%

Alexander & Baldwin D USD 27.68 -38.84%

Lendingclub D USD 4.01 -31.45%

Colony Northstar D USD 9.07 -26.97%

Ehealth C USD 18.80 -26.65%

Bluerock Residential Growth Reit D USD 8.26 -26.18%

Impac Mortgage D USD 9.95 -24.62%

Preferred Apartment Communiti... C USD 16.47 -20.20%

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US Financials Jan 30, 2018

HoldingsTicker Name Rating Rating date Performance since rated Smart momentum

SFST Southern First Bancshares A 02-23-2012 +552.47% +3.0000

ESXB Community Bankers Trust A 03-01-2012 +465.07% +3.0000

SBBX Sussex Bancorp A 10-09-2012 +435.34% +3.0000

QCRH Qcr A 06-29-2011 +386.71% +3.0000

PEBK Peoples Bancorp Of NorthCarolina A 02-27-2012 +338.05% +3.0000

MSCI Msci A 04-11-2013 +311.23% +2.8425

ASPU Aspen A 08-23-2016 +288.57% +2.7816

TREE Lendingtree A 12-14-2016 +251.87% +2.7834

CARO Carolina Financial A 06-02-2015 +231.20% +3.0000

FSBW Fs Bancorp A 12-09-2014 +225.20% +2.5596

HIIQ Health Insurance Innovations A 11-11-2016 +201.63% +3.0000

KINS Kingstone Companies A 07-28-2014 +200.87% +2.6043

FMAO Farmers & Merchants Bancorp Inc(ohio) A 02-08-2016 +195.56% +2.5241

AFG American Financial A 11-05-2012 +195.13% +2.5081

HIFS Hingham Institution For Savings A 06-30-2014 +193.61% +2.5648

NMIH Nmi A 08-03-2016 +188.55% +2.7426

MMAC Mma Capital Management Llc A 03-26-2015 +187.82% +2.5181

MSBF Msb Financial A 12-05-2012 +185.33% +2.6077

PLBC Plumas Bancorp A 05-10-2016 +172.15% +2.4936

CONE Cyrusone A 01-31-2014 +160.71% +2.5222

TSBK Timberland Bancorp A 09-30-2015 +158.69% +2.4729

WRLD World Acceptance Corp (s.c.) A 04-26-2016 +157.96% +2.6657

EFSC Enterprise Financial Services A 11-24-2014 +157.34% +2.4984

MLP Maui Land & Pineapple A 03-08-2016 +156.48% +2.4663

GDOT Green Dot A 11-17-2016 +155.06% +2.4793

AGM Federal Agricultural Mortgage A 12-10-2015 +151.14% +2.5990

BBX Bbx Capital A 08-10-2016 +150.81% +2.6138

ACFC Atlantic Coast Financial A 04-10-2015 +149.76% +2.4425

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

BYBK Bay Bancorp A 08-15-2016 +135.85% +2.4322

UBFO United Security Bancshares A 08-31-2015 +135.12% +2.4144

UNTY Unity Bancorp A 06-16-2015 +128.51% +2.4207

GNBC Green Bancorp A 07-28-2016 +127.93% +2.5348

SIVB Svb Financial A 08-30-2016 +124.61% +2.5216

FRBA First Bank A 09-24-2015 +122.85% +2.3871

NBN Northeast Bancorp A 03-28-2016 +117.17% +2.4040

BAC Bank Of America A 08-11-2016 +116.94% +2.4821

TRCB Two River Bancorp A 12-17-2014 +115.55% +2.4028

UNB Union Bankshares Inc (vt) A 01-09-2015 +114.00% +2.3875

CMA Comerica A 06-23-2016 +113.92% +2.5112

RF Regions Financial A 07-22-2016 +113.29% +2.4326

MPB Mid Penn Bancorp A 07-22-2016 +108.48% +2.3900

OVLY Oak Valley Bancorp A 09-13-2016 +108.14% +2.3622

CBAN Colony Bankcorp A 07-17-2014 +106.01% +2.3993

ZION Zions Bancorp A 07-22-2016 +105.97% +2.4539

LPLA Lpl Financial A 08-26-2016 +105.57% +2.6072

CBOE Cboe Global Markets A 04-20-2016 +105.37% +2.3514

HLI Houlihan Lokey A 08-24-2016 +104.94% +2.4067

FBC Flagstar Bancorp A 05-18-2015 +104.50% +2.4404

PRI Primerica A 05-10-2016 +103.95% +2.4177

AEL American Equity Investment Life A 08-26-2016 +103.79% +2.4370

PJC Piper Jaffray Cos A 03-16-2016 +103.16% +2.4455

SMBC Southern Missouri Bancorp A 06-08-2015 +101.69% +2.3508

CHFC Chemical Financial A 11-28-2014 +101.42% +2.3695

FBNC First Bancorp A 10-19-2015 +99.12% +2.3676

FCCO First Community A 12-08-2014 +98.63% +2.3452

MS Morgan Stanley A 08-05-2016 +98.04% +2.4414

PFBC Preferred Bank A 05-24-2016 +97.97% +2.3981

ENVA Enova International A 07-29-2016 +96.92% +2.6003

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

TCBI Texas Capital Bancshares A 07-14-2016 +96.82% +2.5282

APO Apollo Global Management Llc A 08-04-2016 +96.58% +2.4709

OLBK Old Line Bancshares A 04-15-2015 +95.18% +2.3610

BLBD Blue Bird A 05-05-2016 +93.73% +2.4118

EVR Evercore A 08-03-2016 +93.51% +2.4014

RVSB Riverview Bancorp A 04-12-2016 +92.52% +2.3675

NCOM National Commerce A 07-25-2016 +91.05% +2.3341

MTG Mgic Investment A 08-18-2016 +90.09% +2.4583

OSBC Old Second Bancorp A 07-28-2016 +89.97% +2.3664

FBMS First Bancshares A 08-01-2016 +89.14% +2.3401

LNC Lincoln National A 08-05-2016 +88.33% +2.4641

PUB People's Utah Bancorp A 07-07-2016 +87.46% +2.3652

TSC Tristate Capital A 05-05-2016 +86.64% +2.3480

HBCP Home Bancorp A 05-27-2015 +86.22% +2.3302

ETFC Etrade Financial A 09-15-2016 +85.81% +2.4017

SRCE 1st Source A 11-26-2014 +84.11% +2.3387

BOCH Bank Of Commerce A 05-11-2016 +84.00% +2.3147

PJT Pjt Partners A 10-05-2016 +82.88% +2.4062

BANF Bancfirst A 06-22-2016 +81.86% +2.3459

JPM Jpmorgan Chase A 07-18-2016 +81.68% +2.3451

PPBI Pacific Premier Bancorp A 04-21-2016 +80.80% +2.3699

KEY Keycorp A 08-10-2016 +79.87% +2.3633

SCHW Charles Schwab A 08-08-2016 +79.81% +2.3804

MC Moelis A 12-06-2016 +78.83% +2.3484

FMBH First Mid-illinois Bancshares A 08-19-2015 +78.60% +2.3657

RJF Raymond James Financial A 07-27-2016 +77.25% +2.3766

FMNB Farmers National Banc A 01-04-2016 +76.00% +2.3303

PNC Pnc Financial Services A 09-02-2016 +75.84% +2.3407

MSFG Mainsource Financial A 05-24-2016 +75.76% +2.3283

FITB Fifth Third Bancorp A 07-28-2016 +75.32% +2.3673

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

CACC Credit Acceptance A 12-08-2016 +75.00% +2.3393

MA Mastercard A 06-07-2016 +74.34% +2.3233

LARK Landmark Bancorp A 06-10-2014 +74.16% +2.3086

EWBC East West Bancorp A 10-05-2016 +74.14% +2.3904

GBNK Guaranty Bancorp A 07-01-2016 +73.32% +2.3239

HBNC Horizon Bancorp (ind) A 07-13-2016 +72.38% +2.3171

AMP Ameriprise Financial A 10-05-2016 +71.96% +2.3878

LBAI Lakeland Bancorp A 07-18-2016 +71.89% +2.3400

FUNC First United A 11-20-2015 +71.34% +2.3621

FRME First Merchants A 07-12-2016 +71.33% +2.3168

HFWA Heritage Financial A 05-18-2016 +70.87% +2.3144

IBKR Interactive Brokers A 06-30-2017 +70.84% +2.3145

SF Stifel Financial A 08-26-2016 +70.76% +2.4079

CNOB Connectone Bancorp A 08-17-2016 +70.74% +2.3235

WAL Western Alliance Bancorp A 10-22-2015 +70.26% +2.3259

VBTX Veritex A 07-19-2016 +70.01% +2.3392

C Citigroup A 08-26-2016 +69.73% +2.3810

ICE Intercontinental Exchange A 11-18-2014 +69.38% +2.3385

DCT Dct Industrial Trust A 08-05-2015 +69.11% +2.3085

ABCB Ameris Bancorp A 07-25-2016 +69.07% +2.3157

AMTD Td Ameritrade A 08-30-2016 +69.07% +2.3608

BKJ Bancorp Of New Jersey A 04-19-2016 +68.28% +2.3069

HF Hff A 12-16-2016 +67.73% +2.3327

PGC Peapack-gladstone Financial A 08-09-2016 +67.54% +2.3610

UCBI United Community Banks A 07-14-2016 +66.65% +2.3321

CATC Cambridge Bancorp A 06-04-2015 +66.49% +2.3105

UCFC United Community Financial A 11-20-2015 +66.32% +2.3243

COBZ Cobiz Financial A 07-28-2016 +65.92% +2.3158

STI Suntrust Banks A 07-12-2016 +65.78% +2.3553

RGA Reinsurance Group America A 03-30-2016 +65.75% +2.3386

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

LOB Live Oak Bancshares A 11-01-2016 +65.52% +2.3624

FFWM First Foundation A 12-29-2015 +65.15% +2.3617

SIGI Selective Insurance A 03-18-2016 +65.13% +2.3325

BLK Blackrock A 04-13-2016 +64.93% +2.3254

MBWM Mercantile Bank A 10-27-2015 +64.73% +2.2986

UNM Unum A 07-28-2016 +64.61% +2.3663

GS Goldman Sachs A 08-26-2016 +64.17% +2.3255

RMR The Rmr A 12-23-2016 +64.02% +2.9104

STT State Street A 08-08-2016 +63.82% +2.3665

GABC German American Bancorp A 10-15-2015 +63.71% +2.2976

CNA Cna Financial A 08-31-2016 +63.31% +2.3214

MNR Monmouth Real Estate Investment A 11-20-2015 +63.20% +2.3103

CME Cme A 04-22-2016 +62.90% +2.2871

TCF Tcf Financial A 07-28-2016 +62.31% +2.3496

PCH Potlatch Corp (holding Co) A 04-18-2016 +62.15% +2.3735

WTFC Wintrust Financial A 06-06-2016 +61.95% +2.3756

BOFI Bofi A 08-23-2016 +61.68% +2.3626

MTB M&t Bank A 08-26-2016 +61.25% +2.3007

KKR Kkr A 08-18-2016 +61.13% +2.3631

BOKF Bok Financial A 07-08-2016 +60.93% +2.3508

LVNTA Liberty Interactive A 08-08-2016 +60.92% +2.3110

SNV Synovus Financial A 08-05-2016 +60.87% +2.3076

ENFC Entegra Financial A 09-01-2016 +60.79% +2.2767

OPY Oppenheimer A 09-20-2017 +60.70% +2.2937

FCB Fcb Financial A 05-04-2016 +60.50% +2.3222

HBAN Huntington Bancshares A 10-07-2016 +59.59% +2.2853

AJG Arthur J.gallagher A 04-11-2016 +59.29% +2.3209

CG Carlyle A 01-04-2017 +58.88% +2.2951

AINC Ashford A 03-02-2017 +58.39% +2.3604

EIG Employers A 10-29-2015 +58.25% +2.3362

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

ECPG Encore Capital A 12-16-2016 +58.13% +2.4247

CAC Camden National A 08-28-2015 +57.68% +2.2792

PRU Prudential Financial A 09-12-2016 +57.22% +2.3603

OCFC Oceanfirst Financial A 12-05-2014 +57.13% +2.2799

BMTC Bryn Mawr Bank A 06-29-2016 +56.45% +2.3079

MFSF Mutualfirst Financial A 07-01-2015 +55.51% +2.3007

V Visa A 04-14-2016 +55.41% +2.3070

PGR Progressive A 12-09-2016 +55.03% +2.2846

AXP American Express A 08-01-2016 +55.01% +2.3242

ISTR Investar A 11-03-2016 +54.69% +2.2812

TROW T Rowe Price A 12-15-2016 +54.67% +2.3099

NTRS Northern Trust A 08-08-2016 +54.54% +2.3270

TMK Torchmark A 06-14-2016 +54.34% +2.3005

BRK.A Berkshire Hathaway A 03-23-2016 +53.05% +2.2883

BRK.B Berkshire Hathaway A 03-23-2016 +52.85% +2.2893

BBT Bb&t A 07-20-2016 +52.00% +2.3049

CCBG Capital City Bank A 10-24-2016 +51.94% +2.2877

NSM Nationstar Mortgage A 07-21-2016 +51.42% +2.3517

SEIC Sei Investments A 12-08-2016 +51.28% +2.2920

GTY Getty Realty Corp (holdingCompany) A 12-24-2015 +51.01% +2.2852

CCNE Cnb Financial Corp (pa) A 07-12-2016 +50.87% +2.2687

FAF First American Financial A 02-23-2017 +50.77% +2.2730

ALL Allstate A 03-07-2016 +50.76% +2.2730

KMPR Kemper A 08-02-2017 +50.56% +2.3043

BRO Brown & Brown A 03-21-2016 +50.31% +2.2814

HWBK Hawthorn Bancshares A 09-12-2016 +50.22% +2.2659

INTL Intl Fcstone A 07-25-2016 +50.17% +2.2894

FR First Industrial Realty Trust A 08-06-2015 +48.84% +2.2739

EV Eaton Vance A 11-14-2016 +48.45% +2.2891

SHBI Shore Bancshares A 09-08-2016 +48.40% +2.2544

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

MCO Moody's A 02-13-2017 +48.35% +2.2848

IPCC Infinity Property & Casualty A 09-02-2014 +48.34% +2.2716

STL Sterling Bancorp A 07-15-2016 +48.15% +2.2745

FNF Fidelity National Financial A 02-08-2017 +48.10% +2.2884

BGCP Bgc Partners A 11-29-2016 +47.63% +2.2857

MLVF Malvern Bancorp A 08-12-2016 +47.44% +2.2638

GBCI Glacier Bancorp A 07-11-2016 +46.94% +2.2828

INBK First Internet Bancorp A 10-25-2016 +46.76% +2.2803

TRNO Terreno Realty A 03-17-2016 +46.62% +2.2815

CHMG Chemung Financial A 11-22-2016 +46.61% +2.2864

DFS Discover Financial Services A 06-13-2016 +46.45% +2.3133

TBBK Bancorp A 06-19-2017 +46.23% +2.3746

CIT Cit A 08-05-2016 +46.20% +2.3339

CBG Cbre A 12-16-2016 +45.91% +2.3312

SC Santander Consumer Usa A 10-04-2016 +45.58% +2.3499

ALLY Ally Financial A 07-18-2017 +45.00% +2.2771

AMT American Tower A 03-23-2016 +44.94% +2.2875

BK Bank Of New York Mellon A 07-14-2016 +44.92% +2.2928

CBFV Cb Financial Services A 10-02-2015 +44.55% +2.2697

MMC Marsh & Mclennan Cos A 03-11-2016 +44.21% +2.2607

PFSI Pennymac Financial Services A 08-08-2016 +43.64% +2.3430

AMNB American Nat Bnk Rg A 04-15-2016 +43.45% +2.2667

STBZ State Bank Financial A 07-08-2016 +43.41% +2.2738

TBK Triumph Bancorp A 07-20-2017 +43.36% +2.3151

AVHI A V Homes A 07-15-2016 +43.25% +2.3453

SPGI S&p Global A 02-13-2017 +43.08% +2.2806

BCBP Bcb Bancorp A 07-27-2016 +42.99% +2.2568

VOYA Voya Financial A 11-21-2016 +42.94% +2.3283

TCBK Trico Bancshares A 05-04-2016 +42.81% +2.2543

FBNK First Connecticut Bancorp A 04-22-2016 +42.58% +2.2733

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

EBTC Enterprise Bancorp A 08-03-2016 +42.44% +2.2501

EGP Eastgroup Properties A 03-30-2016 +42.16% +2.2783

STBA S & T Bancorp A 08-26-2016 +42.06% +2.2920

JLL Jones Lang Lasalle A 04-20-2017 +41.75% +2.2956

INDB Independent Bank A 11-06-2015 +41.65% +2.2708

CORR Corenergy Infrastructure Trust A 06-10-2016 +41.61% +2.5529

CBSH Commerce Bancshares A 11-10-2015 +41.55% +2.2584

VRTS Virtus Investment Partners A 09-08-2016 +41.52% +2.3238

AFL Aflac A 04-06-2016 +40.67% +2.2485

FCFS Firstcash A 04-27-2017 +38.90% +2.2802

ORRF Orrstown Financial Services A 04-07-2016 +38.69% +2.2526

IHC Independence A 06-27-2017 +38.69% +2.2844

BRKL Brookline Bancorp A 10-28-2015 +38.51% +2.2660

APAM Artisan Partners AssetManagement A 06-23-2017 +38.32% +2.2575

ASB Associated Banc-corp A 08-02-2016 +38.18% +2.2662

UVSP Univest Corp Of Pennsylvania A 06-29-2016 +37.37% +2.2481

WNEB Western New England Bancorp A 11-08-2016 +37.11% +2.2394

WASH Washington Trust Bancorp A 07-13-2016 +36.79% +2.2579

PSB Ps Business Parks A 10-29-2015 +36.51% +2.2801

FULT Fulton Financial A 04-12-2016 +35.41% +2.2350

MET Metlife A 10-04-2016 +35.32% +2.2874

TRST Trustco Bank Corp N Y A 04-25-2016 +35.30% +2.2695

BMRC Bank Of Marin Bancorp A 07-14-2016 +35.04% +2.2431

L Loews A 03-18-2016 +34.90% +2.2587

WTBA West Bancorp A 07-26-2016 +34.47% +2.2445

SAL Salisbury Bancorp A 09-15-2016 +33.97% +2.2521

BHBK Blue Hills Bancorp A 06-30-2016 +33.81% +2.2453

USB Us Bancorp A 08-26-2016 +33.62% +2.2498

ARE Alexandria Real Estate Equities A 04-25-2016 +33.58% +2.2896

XHR Xenia Hotels & Resorts A 06-29-2016 +33.33% +2.2542

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

NWLI National Western Life A 11-15-2016 +32.96% +2.2953

CNO Cno Financial A 01-05-2017 +32.57% +2.2827

BKMU Bank Mutual A 10-19-2016 +32.30% +2.2364

MVC Mvc Capital Rg A 06-22-2016 +31.35% +2.2590

QVCA Liberty Interactive A 04-11-2017 +31.32% +2.2584

NRZ New Residential Investment A 05-24-2016 +30.90% +2.2965

CTBI Community Trust Bancorp A 08-22-2016 +30.71% +2.2348

GAIN Gladstone Investment A 08-04-2016 +30.68% +2.2617

ARES Ares Management A 09-25-2017 +30.67% +2.2333

SUI Sun Communities A 02-29-2016 +30.36% +2.2299

LCNB Lcnb A 04-06-2015 +29.37% +2.2314

WRB Wr Berkley A 04-08-2016 +29.34% +2.2491

CTO Consolidated Tomoka Land A 08-24-2016 +29.32% +2.2541

LAND Gladstone Land A 04-12-2016 +29.11% +2.3077

OMF Onemain A 07-20-2017 +28.87% +2.2493

FNWB First Northwest Bancorp A 05-13-2016 +28.85% +2.2397

UBNK United Financial Bancorp A 07-08-2016 +28.79% +2.2543

Z Zillow A 08-12-2016 +28.38% +2.4704

CSBK Clifton Bancorp A 09-24-2014 +28.09% +2.2300

EGBN Eagle Bancorp A 05-03-2016 +27.67% +2.2305

RDN Radian A 08-31-2017 +27.60% +2.2198

PEB Pebblebrook Hotel Trust A 12-07-2016 +26.99% +2.2420

MITT Ag Mortgage Investment Trust A 06-22-2016 +26.87% +2.2760

PZN Pzena Investment Management A 12-02-2016 +26.77% +2.3472

STAG Stag Industrial A 04-04-2016 +26.29% +2.2786

MAIN Main Street Capital A 04-08-2016 +26.21% +2.2344

EZPW Ezcorp A 09-14-2017 +26.20% +2.2588

LM Legg Mason A 02-03-2017 +25.84% +2.2477

MKL Markel A 04-11-2016 +25.75% +2.2278

THG The Hanover Insurance A 07-20-2017 +25.67% +2.2376

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

BX Blackstone A 12-14-2016 +25.64% +2.2589

CFG Citizens Financial A 09-27-2017 +25.60% +2.2429

PRAA Pra D 10-18-2017 +25.48% -2.8569

WABC Westamerica Bancorporation A 08-23-2016 +24.68% +2.2141

BFIN Bankfinancial A 05-09-2016 +24.50% +2.2241

HIG The Hartford Financial Services A 11-17-2016 +24.38% +2.2443

GSVC Gsv Capital A 10-04-2017 +23.94% +2.3018

FFIC Flushing Financial A 07-27-2016 +23.51% +2.2459

SHO Sunstone Hotel Investors A 08-16-2016 +23.51% +2.2792

HST Host Hotels & Resorts A 07-11-2016 +23.31% +2.2361

TRV Travelers Companies A 12-12-2016 +23.20% +2.2233

AMG Affiliated Managers A 07-05-2017 +22.86% +2.2332

SLRC Solar Capital A 04-08-2016 +22.85% +2.2294

PLD Prologis A 02-27-2017 +22.83% +2.2181

BPFH Boston Private Financial A 05-02-2016 +22.79% +2.2721

BANX Stonecastle Financial A 04-19-2016 +22.56% +2.2547

FII Federated Investors A 07-21-2017 +22.38% +2.2359

COR Coresite Realty A 02-13-2017 +22.07% +2.2695

PICO Pico A 08-16-2016 +22.05% +2.2729

PBCT People's United Financial A 08-30-2016 +22.05% +2.2289

WETF Wisdomtree Investments A 09-27-2017 +21.91% +2.2488

MMI Marcus & Millichap A 07-28-2017 +21.57% +2.2212

CUZ Cousins Properties A 04-01-2016 +21.49% +2.2631

IRT Independence Realty Trust A 06-20-2016 +21.46% +2.2473

BNCL Beneficial Bancorp A 04-08-2016 +21.29% +2.2191

FRPH Frp A 11-11-2016 +21.25% +2.2566

DEI Douglas Emmett A 04-15-2016 +21.01% +2.2408

LTS Ladenburg Thalmann FinancialServices A 04-26-2017 +20.93% +2.2537

IBTX Independent Bank A 09-27-2017 +20.36% +2.2307

REXR Rexford Industrial Realty A 04-11-2017 +20.01% +2.2216

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

UIHC United Insurance A 07-03-2017 +19.63% +2.2129

ZG Zillow A 04-26-2017 +19.06% +2.2287

COF Capital One Financial A 07-21-2017 +18.94% +2.2266

SNBC Sun Bancorp A 10-28-2015 +18.63% +2.2175

NDAQ Nasdaq A 01-26-2017 +18.62% +2.2031

UMPQ Umpqua A 06-30-2017 +18.36% +2.2137

RM Regional Management A 06-13-2017 +18.10% +2.2533

LPT Liberty Property Trust A 04-18-2016 +18.00% +2.2494

SAMG Silvercrest Asset Management A 04-01-2016 +17.96% +2.2428

WFC Wells Fargo A 10-27-2017 +17.81% +2.2213

WHG Westwood A 06-30-2017 +17.80% +2.2055

HCI Hci D 11-16-2017 +17.79% -2.8805

KNSL Kinsale Capital A 08-09-2017 +17.70% +2.4409

MBI Mbia D 10-26-2017 +17.51% -2.8791

RHP Ryman Hospitality Properties A 10-26-2017 +17.46% +2.2211

CCI Crown Castle International A 02-28-2017 +17.43% +2.2103

ABR Arbor Realty Trust A 01-07-2016 +17.30% +2.2242

PRK Park National A 09-30-2015 +16.90% +2.2140

BKU Bankunited A 09-28-2017 +16.79% +2.2277

MBTF Mbt Financial C 07-27-2017 +16.58% -1.8486

GOOD Gladstone Commercial A 03-18-2016 +16.14% +2.2470

ORI Old Republic International A 01-06-2017 +15.92% +2.2219

FFG Fbl Financial A 05-10-2016 +15.87% +2.2038

UVE Universal Insurance A 12-07-2017 +15.76% +2.2431

TIER Tier Reit A 12-08-2016 +15.73% +2.2302

NYLD.A Nrg Yield A 01-26-2017 +15.21% +2.2207

FBK Fb Financial A 09-28-2017 +15.01% +2.3652

PBIP Prudential Bancorp A 10-21-2016 +14.83% +2.2006

NNI Nelnet A 06-28-2017 +14.77% +2.2270

GRIF Griffin Industrial Realty A 06-14-2017 +14.73% +2.2007

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

WHF Whitehorse Finance A 07-21-2016 +14.67% +2.2319

SYF Synchrony Financial A 12-01-2016 +14.51% +2.2538

EQBK Equity Bancshares A 11-22-2016 +14.45% +2.2917

EBSB Meridian Bancorp A 09-11-2017 +14.17% +2.2134

RYN Rayonier A 07-05-2017 +13.88% +2.1983

SFE Safeguard Scientifics D 01-17-2018 +13.82% -2.8550

CLDT Chatham Lodging Trust A 08-10-2017 +13.67% +2.2021

CUBI Customers Bancorp D 01-02-2018 +13.51% -2.8480

STFC State Auto Financial A 09-27-2017 +13.50% +2.2148

HTLF Heartland Financial Usa A 09-27-2017 +13.24% +2.2173

LMRK Landmark Infrastructure Partners A 06-07-2017 +13.13% +2.2235

LBRDK Liberty Broadband C 12-15-2017 +13.11% -1.8476

ITIC Investors Title A 04-25-2017 +13.09% +2.2553

PMBC Pacific Mercantile Bancorp A 01-13-2017 +13.07% +2.2383

NRE Northstar Realty Europe A 11-18-2016 +12.98% +2.2429

HTBK Heritage Commerce A 09-27-2017 +12.55% +2.2059

FCNCA First Citizens Bancshares A 10-11-2017 +12.52% +2.2151

GLPI Gaming And Leisure Properties A 04-21-2016 +12.48% +2.2421

CSWC Capital Southwest A 08-02-2016 +12.46% +2.2070

SUNS Solar Senior Capital A 06-07-2016 +12.39% +2.2204

DEA Easterly Government Properties A 03-29-2016 +12.29% +2.2241

CHSP Chesapeake Lodging Trust A 08-03-2017 +12.28% +2.2029

FMBI First Midwest Bancorp A 11-06-2017 +12.26% +2.2114

MTGE Mtge Investment A 05-13-2016 +12.16% +2.2345

AB Alliancebernstein A 07-17-2017 +11.92% +2.2204

PB Prosperity Bancshares A 12-06-2017 +11.88% +2.2257

IBKC Iberiabank D 12-14-2017 +11.84% -2.8418

LTXB Legacytexas Financial A 10-10-2017 +11.58% +2.2127

NYLD Nrg Yield A 01-26-2017 +11.54% +2.2167

MSL Midsouth Bancorp A 10-20-2017 +11.24% +2.2230

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

CASH Meta Financial A 12-06-2017 +10.90% +2.2227

OPB Opus Bank A 10-23-2017 +10.84% +2.2473

ATAX America First MultifamilyInvestors A 06-03-2016 +10.81% +2.2236

FCF First Commonwealth FinancialCorp (pa) A 09-20-2017 +10.80% +2.2014

IBOC International Bancshares A 09-18-2017 +10.42% +2.2104

SFBS Servisfirst Bancshares A 04-26-2017 +10.42% +2.2150

WY Weyerhaeuser A 09-08-2017 +10.39% +2.1982

BXMT Blackstone Mortgage Trust A 06-08-2016 +10.34% +2.2323

WDR Waddell & Reed Financial A 07-26-2017 +10.33% +2.2347

Y Alleghany D 10-25-2017 +10.07% -2.8419

ELS Equity Lifestyle Properties A 03-31-2017 +10.02% +2.2107

FCPT Four Corners Property Trust A 01-27-2017 +9.90% +2.2713

CATY Cathay General Bancorp A 09-27-2017 +9.75% +2.2132

MOFG Midwestone Financial A 07-22-2016 +9.55% +2.2167

CFR Cullen/frost Bankers A 10-19-2017 +9.50% +2.2192

FHN First Horizon National A 09-26-2017 +9.42% +2.2100

FNGN Financial Engines D 11-03-2017 +9.40% -2.8932

RLI Rli A 11-03-2017 +9.36% +2.2106

HRTG Heritage Insurance A 10-17-2017 +9.10% +2.3034

OCN Ocwen Financial B 09-19-2017 +9.06% +1.2080

CTT Catchmark Timber Trust A 09-06-2017 +9.05% +2.1948

LBRDA Liberty Broadband C 12-05-2017 +8.49% -1.8484

CFFI C & F Financial A 04-27-2017 +8.39% +2.2121

HBHC Hancock A 10-19-2017 +8.10% +2.2213

ANAT American National Insurance A 07-25-2017 +7.99% +2.1902

HNNA Hennessy Advisors A 11-15-2017 +7.93% +2.2029

NYCB New York Community Bancorp A 01-05-2018 +7.88% +2.2009

RLJ Rlj Lodging Trust A 11-30-2017 +7.84% +2.2017

VLY Valley National Bancorp B 11-28-2017 +7.81% +1.1897

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

HIFR Infrareit A 03-03-2017 +7.67% +2.1915

FDEF First Defiance Financial C 01-03-2018 +7.67% -1.8350

UBSH Union Bankshares A 10-11-2017 +7.63% +2.2080

CHCT Community Healthcare Trust A 02-27-2017 +7.58% +2.2021

FIBK First Interstate Bancsystem A 10-02-2017 +7.46% +2.2070

WSFS Wsfs Financial A 09-27-2017 +7.26% +2.2020

LION Fidelity Southern B 01-05-2018 +7.19% +1.1841

IEP Icahn Enterprises A 08-10-2017 +7.09% +2.2027

FFIN First Financial Bankshares A 06-30-2017 +7.01% +2.2134

FRC First Republic Bank D 01-02-2018 +6.63% -2.8564

CVBF Cvb Financial A 07-25-2017 +6.52% +2.1944

SAFT Safety Insurance A 08-03-2017 +6.25% +2.1973

PEBO Peoples Bancorp A 09-27-2017 +6.22% +2.1992

BHLB Berkshire Hills Bancorp A 09-19-2017 +6.17% +2.1903

GCAP Gain Capital A 10-27-2017 +6.12% +2.2135

HMST Homestreet A 10-23-2017 +5.77% +2.2009

ARR Armour Residential Reit A 08-03-2016 +5.72% +2.2106

WAFD Washington Federal A 10-12-2017 +5.69% +2.2021

VIRT Virtu Financial A 01-09-2018 +5.42% +2.2098

PVBC Provident Bancorp A 10-18-2017 +5.26% +2.1990

CHCO City A 09-18-2017 +5.05% +2.1934

SBCF Seacoast Banking Corp Of Florida A 10-20-2017 +5.02% +2.2098

FFBC First Financial Bancorp A 11-24-2017 +4.99% +2.1871

ABTX Allegiance Bancshares A 11-17-2017 +4.99% +2.2148

GECC Great Elm Capital D 11-16-2017 +4.98% -2.8607

EXR Extra Space Storage A 04-24-2017 +4.88% +2.2006

CNS Cohen & Steers A 05-08-2017 +4.77% +2.1975

WBS Webster Financial Corp (conn) A 10-19-2017 +4.73% +2.2146

FFKT Farmers Capital Bank C 01-08-2018 +4.72% -1.8489

MCBC Macatawa Bank A 09-21-2017 +4.67% +2.1878

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

BEN Franklin Resources A 11-29-2017 +4.61% +2.1859

CMCT Cim Commercial Trust A 03-24-2017 +4.28% +2.1921

IVR Invesco Mortgage Capital A 04-11-2017 +4.23% +2.1863

HBMD Howard Bancorp A 09-14-2017 +4.21% +2.2082

BDN Brandywine Realty Trust A 01-04-2017 +4.20% +2.2064

BHB Bar Harbor Bankshares D 01-03-2018 +4.15% -2.8552

OZRK Bank Of The Ozarks A 01-04-2018 +4.04% +2.2127

NRIM Northrim Bancorp A 09-19-2017 +4.01% +2.2127

PACW Pacwest Bancorp A 01-05-2018 +3.84% +2.1871

SMMF Summit Financial A 09-22-2017 +3.80% +2.2238

ITG Investment Technology A 12-09-2016 +3.77% +2.2335

STRS Stratus Properties A 09-15-2017 +3.69% +2.2063

NSA National Storage Affiliates Trust A 10-02-2017 +3.44% +2.1983

DGICA Donegal A 11-14-2017 +3.21% +2.2016

RNST Renasant A 11-28-2017 +3.20% +2.1838

REIS Reis A 01-12-2018 +3.19% +2.1977

SRG Seritage Growth Properties D 12-19-2017 +3.13% -2.8600

ANH Anworth Mortgage Asset A 07-22-2016 +3.12% +2.2125

GWB Great Western Bancorp A 10-20-2017 +3.10% +2.2136

DHIL Diamond Hill Investment A 06-13-2017 +3.10% +2.1941

INN Summit Hotel Properties D 01-02-2018 +3.08% -2.8638

SLM Slm A 12-18-2017 +3.08% +2.1983

AIG American International B 01-23-2018 +3.08% +1.1778

LHO Lasalle Hotel Properties B 01-17-2018 +3.08% +1.1810

UMBF Umb Financial A 11-28-2017 +3.06% +2.2017

CSFL Centerstate Bank C 01-08-2018 +3.06% -1.8436

CNBKA Century Bancorp C 12-28-2017 +2.98% -1.8456

MAC Macerich A 12-01-2017 +2.80% +2.2087

EFX Equifax B 01-11-2018 +2.70% +1.1940

APLE Apple Hospitality Reit A 11-09-2017 +2.65% +2.1870

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

PFS Provident Financial Services A 09-22-2017 +2.63% +2.1883

RBCAA Republic Bancorp A 09-21-2017 +2.62% +2.1900

CVLY Codorus Valley Bancorp A 09-25-2017 +2.60% +2.2055

HAFC Hanmi Financial A 09-27-2017 +2.59% +2.2040

NBHC National Bank C 01-03-2018 +2.51% -1.8508

RMAX Re/max D 01-10-2018 +2.50% -2.8781

HTH Hilltop B 01-04-2018 +2.41% +1.1835

ARCC Ares Capital D 12-22-2017 +2.41% -2.8486

BOH Bank Of Hawaii A 11-28-2017 +2.37% +2.1806

ESSA Essa Bancorp A 09-27-2017 +2.34% +2.1859

ICBK County Bancorp A 08-28-2017 +2.10% +2.2066

EHTH Ehealth C 01-18-2018 +2.06% -1.8877

SLD Sutherland Asset Management A 04-27-2017 +2.04% +2.1908

BDGE Bridge Bancorp A 10-12-2017 +2.03% +2.1953

GBL Gamco Investors B 12-07-2017 +1.94% +1.1730

GBDC Golub Capital Bdc D 01-08-2018 +1.78% -2.8508

COLB Columbia Banking System A 09-27-2017 +1.73% +2.1991

RESI Altisource Residential D 11-07-2017 +1.69% -2.8841

MRCC Monroe Capital D 01-05-2018 +1.64% -2.8347

BFS Saul Centers C 01-18-2018 +1.59% -1.8549

ACBI Atlantic Capital Bancshares D 11-14-2017 +1.52% -2.8611

DLR Digital Realty Trust C 01-12-2018 +1.50% -1.8580

CODI Compass Diversified D 01-17-2018 +1.49% -2.8376

SFNC Simmons First National A 10-13-2017 +1.37% +2.1972

IBCP Independent Bank Corp Michigan A 09-27-2017 +1.34% +2.1950

ACNB Acnb A 01-12-2018 +1.34% +2.1860

OLP One Liberty Properties A 08-31-2017 +1.33% +2.1755

HT Hersha Hospitality Trust B 01-22-2018 +1.31% +1.1784

LADR Ladder Capital A 01-16-2018 +1.30% +2.1913

CHFN Charter Financial A 09-27-2017 +1.25% +2.1949

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

AIV Apartment Investment &Management D 01-11-2018 +1.22% -2.8513

HOMB Home Bancshares D 10-20-2017 +1.16% -2.8424

WU The Western Union A 01-05-2018 +1.12% +2.1820

PK Park Hotels & Resorts A 12-26-2017 +1.09% +2.1978

NCBS Nicolet Bankshares C 01-02-2018 +1.08% -1.8526

DRH Diamondrock Hospitality A 01-16-2018 +1.03% +2.1795

VTR Ventas D 01-17-2018 +1.00% -2.8713

FNB F.n.b A 01-17-2018 +0.98% +2.1866

CPF Central Pacific Financial D 01-03-2018 +0.98% -2.8476

HQY Healthequity A 10-09-2017 +0.93% +2.2128

GARS Garrison Capital D 11-15-2017 +0.74% -2.8408

ISBC Investors Bancorp A 10-16-2017 +0.73% +2.1802

AGNC Agnc Investment A 05-11-2016 +0.63% +2.1995

TRC Tejon Ranch A 12-07-2017 +0.60% +2.1940

BUSE First Busey A 09-27-2017 +0.58% +2.1889

GSBC Great Southern Bancorp C 01-03-2018 +0.49% -1.8512

BSF Bear State Financial A 08-22-2017 +0.49% +2.1963

OUT Outfront Media D 09-15-2017 +0.46% -2.8690

FFNW First Financial Northwest D 01-03-2018 +0.38% -2.8524

WSBC Wesbanco A 09-27-2017 +0.34% +2.1917

AIZ Assurant C 01-22-2018 +0.34% -1.8520

OHI Omega Healthcare Investors D 11-21-2017 +0.33% -2.8620

WPC W.p. Carey A 02-21-2017 +0.30% +2.1909

CZNC Citizens & Northern A 07-06-2017 +0.30% +2.1775

OCSI Oaktree Strategic Income C 01-24-2018 +0.24% -1.8473

RLGY Realogy D 01-23-2018 +0.22% -2.8713

PFLT Pennantpark Floating Rate Capital D 01-19-2018 +0.22% -2.8436

MGP Mgm Growth Properties Llc C 01-25-2018 +0.21% -1.8513

HTBI Hometrust Bancshares A 09-22-2017 +0.20% +2.1883

PFIS Peoples Financial Services A 09-18-2017 +0.18% +2.1928

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

LKFN Lakeland Financial A 09-27-2017 +0.14% +2.1939

CINF Cincinnati Financial A 08-01-2017 +0.13% +2.1792

GGP Ggp A 12-28-2017 +0.09% +2.2055

PCSB Pcsb Financial -

RBB Rbb Bancorp -

BHF Brighthouse Financial -

ATLO Ames National D 01-29-2018 0.00% -2.8392

MRLN Marlin Business Services D 01-16-2018 0.00% -2.8681

CADE Cadence Bancorporation -

CLPR Clipper Realty -

FOR Forestar -

FSAC Federal Street Acquisition -

WRLS Pensare Acquisition -

HLNE Hamilton Lane -

FPH Five Point Holdings Llc -

APTS Preferred Apartment Communities C 01-29-2018 0.00% -1.8749

ELVT Elevate Credit -

GNTY Guaranty Bancshares -

BXS Bancorpsouth Bank -

EQIX Equinix C 01-29-2018 0.00% -1.8529

STC Stewart Information Services A 01-29-2018 0.00% +2.2167

BKI Black Knight -

BY Byline Bancorp -

QTS Qts Realty Trust C 01-29-2018 0.00% -1.8643

MBIN Merchants Bancorp Inc (in) -

NODK Ni -

GPMT Granite Point Mortgage Trust -

BANR Banner D 01-29-2018 0.00% -2.8540

UDR Udr C 01-29-2018 0.00% -1.8516

TPVG Triplepoint Venture Growth Bdc D 01-29-2018 0.00% -2.8486

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

ESQ Esquire Financial -

GSHT Gores Holdings Ii -

RDFN Redfin -

AHH Armada Hoffler Properties A 11-02-2017 0.00% +2.1901

AJX Great Ajax C 01-29-2018 0.00% -1.8454

KREF Kkr Real Estate Finance Trust -

SAFE Safety, Income & Growth -

JBGS Jbg Smith Properties -

FBIZ First Business Financial Services A 01-29-2018 0.00% +2.1932

INDU Industrea Acquisition -

TRTX Tpg Re Finance Trust -

SBAC Sba Communications A 01-29-2018 0.00% +2.2730

INVH Invitation Homes -

SSB South State A 09-27-2017 -0.11% +2.1882

CXW Corecivic D 11-27-2017 -0.22% -2.8903

ARI Apollo Commercial Real EstateFinance A 11-03-2017 -0.22% +2.1719

CBU Community Bank System B 01-26-2018 -0.30% +1.1739

SCM Stellus Capital Investment D 01-10-2018 -0.32% -2.8566

NAVG Navigators D 12-13-2017 -0.41% -2.8652

ACSF American Capital Senior Floating D 10-25-2017 -0.45% -2.8653

SPG Simon Property A 12-04-2017 -0.46% +2.1783

CPT Camden Property Trust A 06-05-2017 -0.52% +2.1774

SLG Sl Green Realty D 12-20-2017 -0.53% -2.8421

FLIC First Of Long Island C 01-03-2018 -0.54% -1.8549

OAK Oaktree Capital Group Llc A 03-16-2017 -0.55% +2.2021

HIW Highwoods Properties D 01-12-2018 -0.57% -2.8506

HRZN Horizon Technology Finance A 01-25-2018 -0.62% +2.1863

BWFG Bankwell Financial C 01-02-2018 -0.62% -1.8515

LSI Life Storage A 11-02-2017 -0.63% +2.1971

HHC The Howard Hughes A 10-24-2017 -0.65% +2.1853

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

FCE.A Forest City Realty Trust C 01-16-2018 -0.73% -1.8527

NLY Annaly Capital Management A 02-13-2017 -0.76% +2.1757

ANCX Access National A 10-02-2017 -0.86% +2.1946

HASI Hannon Arms Reit Rg C 01-17-2018 -1.00% -1.8559

CUBE Cubesmart A 11-01-2017 -1.02% +2.1967

WD Walker & Dunlop C 12-29-2017 -1.03% -1.8596

VNO Vornado Realty Trust D 01-12-2018 -1.07% -2.8507

AVB Avalonbay Communities D 01-26-2018 -1.08% -2.8592

FNLC First Bancorp Inc Maine A 09-18-2017 -1.09% +2.1868

NGHC National General D 07-17-2017 -1.16% -2.8661

KCAP Kcap Financial D 01-05-2018 -1.17% -2.8417

CMFN Cm Finance D 11-07-2017 -1.18% -2.8699

NXRT Nexpoint Residential Trust A 11-02-2017 -1.27% +2.1908

GSBD Goldman Sachs Bdc D 10-25-2017 -1.27% -2.8576

JOE The St. Joe A 12-13-2017 -1.33% +2.1756

NBTB Nbt Bancorp A 11-20-2017 -1.35% +2.1957

SBNY Signature Bank A 01-23-2018 -1.45% +2.2081

AINV Apollo Investment D 12-06-2017 -1.54% -2.8586

WRE Washington D 01-10-2018 -1.56% -2.8547

EMES Emerge Energy Services A 01-26-2018 -1.56% +2.2542

DRE Duke Realty A 03-03-2017 -1.56% +2.1788

FCBC First Community Bancshares A 06-09-2017 -1.60% +2.1958

EMCI Emc Insurance A 06-09-2017 -1.61% +2.1787

CFFN Capitol Federal Financial D 01-09-2018 -1.65% -2.8537

RWT Redwood Trust D 12-11-2017 -1.66% -2.8582

MPW Medical Properties Trust A 10-25-2017 -1.66% +2.1733

CIVB Civista Bancshares A 10-24-2017 -1.69% +2.1906

TOWN Towne Bank A 09-18-2017 -1.71% +2.1782

USM United States Cellular B 01-11-2018 -1.74% +1.1740

JMP Jmp Group Llc A 12-29-2017 -1.79% +2.1749

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

BLMT Bsb Bancorp A 10-11-2017 -1.80% +2.1815

HTA Healthcare Trust Of America D 01-10-2018 -1.90% -2.8554

CIO City Office Reit C 01-18-2018 -1.92% -1.8585

EQC Equity Commonwealth B 01-23-2018 -1.94% +1.1675

HTGC Hercules Capital D 07-21-2017 -1.96% -2.8604

MBFI Mb Financial A 07-07-2017 -2.02% +2.1762

AHT Ashford Hospitality Trust A 10-03-2017 -2.09% +2.1831

NAVI Navient D 10-04-2017 -2.11% -2.8456

BWINB Baldwin & Lyons B 11-27-2017 -2.11% +1.1815

ACRE Ares Commercial Real Estate D 01-25-2018 -2.27% -2.8376

UBSI United Bankshares Inc (w Va) B 01-12-2018 -2.30% +1.1875

ADC Agree Realty A 08-25-2017 -2.39% +2.1761

CHMI Cherry Hill Mortgage Investment D 01-03-2018 -2.44% -2.8453

WMC Western Asset Mortgage Capital D 12-29-2017 -2.51% -2.8446

TFSL Tfs Financial D 12-11-2017 -2.52% -2.8480

HOPE Hope Bancorp A 01-23-2018 -2.52% +2.1931

NFBK Northfield Bancorp A 12-15-2017 -2.54% +2.1760

HRG Hrg A 01-25-2018 -2.63% +2.2160

MKTX Marketaxess A 12-08-2017 -2.66% +2.1838

RSO Resource Capital C 11-10-2017 -2.69% -1.8592

PNFP Pinnacle Financial Partners A 10-13-2017 -2.80% +2.1828

TMP Tompkins Financial A 10-25-2017 -2.81% +2.1860

MRT Medequities Realty Trust D 01-24-2018 -2.86% -2.8584

PROV Provident Financial D 12-12-2017 -2.87% -2.8505

HAWK Blackhawk Network B 01-23-2018 -2.88% +1.2257

SBSI Southside Bancshares A 06-09-2017 -2.92% +2.1853

NMFC New Mountain Finance D 12-27-2017 -2.92% -2.8405

WSR Whitestone Reit A 10-27-2017 -2.99% +2.1937

FNHC Federated National B 12-28-2017 -2.99% +1.2509

FRBK Republic First Bancorp A 10-18-2017 -3.01% +2.1804

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

ONB Old National Bancorp A 09-27-2017 -3.04% +2.1881

SASR Sandy Spring Bancorp D 12-21-2017 -3.13% -2.8507

PEI Pennsylvania A 01-03-2018 -3.14% +2.2048

AROW Arrow Financial A 10-18-2017 -3.17% +2.1825

CDOR Condor Hospitality Trust B 01-26-2018 -3.19% +1.1848

NWBI Northwest Bancshares A 10-20-2017 -3.28% +2.1885

CXP Columbia Property Trust A 11-13-2017 -3.31% +2.1769

ERIE Erie Indemnity A 12-29-2017 -3.33% +2.1691

WSBF Waterstone Financial D 01-19-2018 -3.37% -2.8563

CIM Chimera Investment D 01-12-2018 -3.37% -2.8601

SRC Spirit Realty Capital A 01-22-2018 -3.41% +2.2042

JCAP Jernigan Capital D 01-03-2018 -3.56% -2.8766

PNNT Pennantpark Investment D 12-14-2017 -3.64% -2.8528

SIFI Si Financial B 01-17-2018 -3.64% +1.1672

TSLX Tpg Specialty Lending C 11-02-2017 -3.90% -1.8498

KRG Kite Realty Group Trust D 01-19-2018 -3.96% -2.8563

AHP Ashford Hospitality Prime B 12-12-2017 -3.96% +1.1768

BSRR Sierra Bancorp A 11-29-2017 -3.97% +2.1841

HONE Harborone Bancorp A 12-26-2017 -4.00% +2.1920

ALEX Alexander & Baldwin D 12-13-2017 -4.06% -2.9016

PFBI Premier Financial Bancorp C 12-28-2017 -4.18% -1.8611

PMT Pennymac Mortgage InvestmentTrust D 12-18-2017 -4.30% -2.8593

STOR Store Capital A 09-01-2017 -4.30% +2.2062

UBP Urstadt Biddle Properties A 11-20-2017 -4.37% +2.1832

AMBC Ambac Financial D 09-29-2017 -4.40% -2.8704

HALL Hallmark Financial Services D 12-26-2017 -4.42% -2.8566

TRMK Trustmark A 10-02-2017 -4.44% +2.1884

TCO Taubman Centers A 01-02-2018 -4.44% +2.2284

NKSH National Bankshares A 09-27-2017 -4.49% +2.1964

BXP Boston Properties A 12-01-2017 -4.55% +2.1718

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

PDM Piedmont Office Realty Trust B 12-18-2017 -4.56% +1.1689

KRNY Kearny Financial D 01-10-2018 -4.56% -2.8583

PGRE Paramount D 01-05-2018 -4.56% -2.8509

MFA Mfa Financial D 01-22-2018 -4.64% -2.8647

AC Associated Capital A 10-06-2017 -4.71% +2.1777

LAMR Lamar Advertising A 11-06-2017 -4.71% +2.1884

IRET Investors Real Estate Trust D 12-05-2017 -4.74% -2.8506

LC Lendingclub D 12-26-2017 -4.75% -2.8965

CVCY Central Valley CommunityBancorp D 01-08-2018 -4.86% -2.8648

COWN Cowen D 12-18-2017 -4.91% -2.8742

ESRT Empire State Realty Trust D 01-02-2018 -4.93% -2.8549

SONA Southern National Bancorp OfVirginia A 11-28-2017 -5.01% +2.1768

STWD Starwood Property Trust D 07-28-2017 -5.07% -2.8512

GEO The Geo D 12-11-2017 -5.23% -2.8894

TCRD Thl Credit D 10-03-2017 -5.34% -2.8557

GHL Greenhill B 11-21-2017 -5.42% +1.2286

KRC Kilroy Realty A 11-20-2017 -5.43% +2.1671

DX Dynex Capital A 02-23-2017 -5.48% +2.1647

GOV Government Properties IncomeTrust D 01-03-2018 -5.56% -2.8470

UFCS United Fire A 09-27-2017 -5.59% +2.1846

O Realty Income D 11-27-2017 -5.64% -2.8524

BANC Banc Of California A 11-02-2017 -5.67% +2.1939

UHT Universal Health Realty IncomeTrust C 01-05-2018 -5.69% -1.8688

THFF First Financial Corp (indiana) A 10-16-2017 -5.73% +2.1834

GLAD Gladstone Capital A 12-08-2017 -5.76% +2.1720

EFC Ellington Financial Llc D 09-21-2017 -5.87% -2.8552

SYBT Stock Yards Bancorp A 12-07-2017 -5.98% +2.1699

FDUS Fidus Investment D 11-17-2017 -6.06% -2.8612

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

HMN Horace Mann Educators A 10-27-2017 -6.18% +2.1883

PSEC Prospect Capital B 12-22-2017 -6.20% +1.2041

MAA Mid-america ApartmentCommunities C 12-19-2017 -6.28% -1.8591

NNN National Retail Properties A 11-13-2017 -6.49% +2.1806

EQR Equity Residential A 05-05-2017 -6.54% +2.1735

FISI Financial Institutions A 12-07-2017 -6.55% +2.1796

TCPC Tcp Capital D 10-11-2017 -6.90% -2.8529

KW Kennedy-wilson D 07-03-2017 -6.91% -2.8704

RPT Ramco-gershenson PropertiesTrust A 11-22-2017 -6.94% +2.1850

AAT American Assets Trust D 12-21-2017 -7.01% -2.8519

CSTR Capstar Financial A 10-19-2017 -7.03% +2.2065

TBNK Territorial Bancorp A 10-25-2017 -7.05% +2.1797

NHI National Health Investors A 05-12-2017 -7.10% +2.1650

DCOM Dime Community Bancshares A 09-27-2017 -7.11% +2.1771

HR Healthcare Realty Trust C 10-06-2017 -7.12% -1.8635

REG Regency Centers A 11-17-2017 -7.17% +2.1694

AMH American Homes 4 Rent D 12-20-2017 -7.18% -2.8586

HCN Welltower D 01-03-2018 -7.20% -2.8723

AKR Acadia Realty Trust D 01-08-2018 -7.22% -2.8635

CIZN Citizens D 12-12-2017 -7.25% -2.8627

OCSL Oaktree Specialty Lending A 08-18-2017 -7.34% +2.2147

VER Vereit D 05-09-2017 -7.42% -2.8672

PSA Public Storage D 12-26-2017 -7.45% -2.8532

IRM Iron Mountain A 08-01-2017 -7.57% +2.1634

UE Urban Edge Properties A 12-12-2017 -7.64% +2.1650

MGI Moneygram International D 01-23-2018 -7.66% -2.8863

ESS Essex Property Trust C 11-30-2017 -7.79% -1.8591

CIA Citizens A 11-29-2017 -7.86% +2.2232

FRT Federal Realty Investment Trust A 12-05-2017 -7.91% +2.1675

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

STAR Istar D 10-26-2017 -7.91% -2.8579

ONDK On Deck Capital A 10-12-2017 -7.92% +2.1797

HPT Hospitality Properties Trust A 12-18-2017 -8.14% +2.1771

TICC Ticc Capital D 11-20-2017 -8.25% -2.8857

NYMT New York Mortgage Trust A 12-07-2017 -8.57% +2.1653

AMSF Amerisafe A 11-07-2017 -8.64% +2.1984

ROIC Retail Opportunity Investments D 08-03-2017 -8.76% -2.8515

ORIT Oritani Financial A 12-02-2016 -8.88% +2.1715

GNW Genworth Financial D 11-22-2017 -8.99% -2.8695

TWO Two Harbors Investment D 12-18-2017 -9.08% -2.8797

MSBI Midland States Bancorp A 10-18-2017 -9.25% +2.1826

PWOD Penns Woods Bancorp A 10-09-2017 -9.49% +2.1829

CDR Cedar Realty Trust A 10-06-2017 -9.67% +2.1811

FHB First Hawaiian A 01-19-2018 -9.93% +2.1739

MCY Mercury General D 10-23-2017 -9.95% -2.8566

FSP Franklin Street Properties D 05-25-2017 -9.97% -2.8705

ORM Owens Realty Mortgage D 12-20-2017 -10.31% -2.8706

OFC Corporate Office Properties Trust D 12-19-2017 -10.59% -2.8738

RPAI Retail Properties Of America B 12-04-2017 -10.64% +1.1541

BRX Brixmor Property D 10-06-2017 -10.79% -2.8549

SNH Senior Housing Properties Trust D 08-21-2017 -10.79% -2.8717

UMH Umh Properties C 08-17-2017 -11.02% -1.8752

PRA Proassurance A 12-01-2017 -11.13% +2.1640

HPP Hudson Pacific Properties A 11-17-2017 -11.14% +2.1650

FPI Farmland Partners B 11-24-2017 -11.15% +1.1663

WRI Weingarten Realty Investors A 11-24-2017 -11.20% +2.1673

GPT Gramercy Property Trust A 04-18-2017 -11.49% +2.1641

LTC Ltc Properties D 12-13-2017 -11.68% -2.8715

QCP Quality Care Properties D 11-10-2017 -11.97% -2.8851

OFS Ofs Capital D 10-13-2017 -12.29% -2.8734

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

WMIH Wmih D 09-11-2017 -12.58% -2.8739

PKBK Parke Bancorp A 10-03-2017 -12.91% +2.1832

UBA Urstadt Biddle Properties A 09-28-2017 -12.91% +2.1740

SIR Select Income Reit A 11-24-2017 -12.96% +2.1647

EDR Education Realty Trust D 09-21-2017 -13.08% -2.8615

CMO Capstead Mortgage D 10-09-2017 -13.12% -2.8764

CYS Cys Investments C 11-13-2017 -13.19% -1.8709

EARN Ellington Residential MortgageReit D 12-18-2017 -13.36% -2.8826

ACC American Campus Communities D 10-02-2017 -13.40% -2.8676

ALX Alexander's D 08-03-2017 -13.45% -2.8603

CTRE Caretrust Reit C 12-01-2017 -13.46% -1.8677

FSB Franklin Financial Network B 01-19-2018 -13.53% +1.1701

LXP Lexington Realty Trust A 10-20-2017 -13.87% +2.1550

DOC Physicians Realty Trust D 09-06-2017 -13.91% -2.8765

GMRE Global Medical Reit A 07-19-2017 -14.44% +2.1849

ORC Orchid Island Capital D 12-28-2017 -15.52% -2.8730

AI Arlington Asset Investment D 09-06-2017 -15.71% -2.8796

FSIC Fs Investment D 06-29-2017 -16.30% -2.8812

EPR Epr Properties D 09-19-2017 -16.85% -2.8634

MCC Medley Capital D 06-13-2017 -18.25% -2.8905

BKCC Blackrock Capital Investment D 10-11-2017 -18.54% -2.8673

WPG Washington Prime D 03-17-2017 -19.55% -2.9192

SNR New Senior Investment D 08-04-2017 -19.64% -2.8800

AFSI Amtrust Financial Services D 03-21-2017 -20.16% -2.9205

GNL Global Net Lease D 06-14-2017 -20.39% -2.8751

OZM Och-ziff Capital ManagementGroup Llc A 09-14-2017 -20.42% +2.1711

HCP Hcp D 09-05-2017 -20.42% -2.8802

SKT Tanger Factory Outlet Centers D 03-17-2017 -21.94% -2.8986

SBRA Sabra Health Care Reit D 07-20-2017 -22.30% -2.8960

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US Financials Jan 30, 2018

Ticker Name Rating Rating date Performance since rated Smart momentum

BRG Bluerock Residential Growth Reit D 09-28-2017 -23.16% -2.8994

CLI Mack-cali Realty D 06-29-2017 -24.13% -2.8839

ABDC Alcentra Capital D 08-16-2017 -24.72% -2.9065

IMH Impac Mortgage D 10-24-2017 -26.57% -2.8989

CLNS Colony Northstar D 10-04-2017 -28.30% -2.9055

CBL Cbl & Associates Properties D 10-06-2017 -32.43% -2.8922

UNIT Uniti D 07-05-2017 -35.37% -2.9027

KIM Kimco Realty D 12-23-2016 -36.43% -2.9175

TCAP Triangle Capital D 05-09-2017 -39.43% -2.9153

CPTA Capitala Finance D 07-20-2017 -41.43% -2.9114

DDR Ddr D 11-22-2016 -45.89% -2.9311

NYRT New York Reit D 05-30-2017 -57.57% -2.9399The evaluations, rankings and information provided by Trendrating (the "Services") are provided solely for the use of finance professionals (the "Users") who have been issued a license to use the Services by Trendrating andwho, by nature of their status as investment professions understand, or are expected to understand, the complexity of finance products, the functioning of the markets and the risks inherent in them. The Services are not offeredfor use by persons not employed or actively working as professionals in the finance and investment industry.

The Services are to be used entirely at the risk of the Users. Included in the Services are forward-looking statements that are based on observations, assumptions and calculations that reflect Trendrating's expectations.Forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to materially differ from those expectations. The Services are not intended to constitute a recommendation of anyspecific security or financial product and are to be implemented solely in conjunction with or as part of a complete investment evaluation conducted by the Users.

Under no circumstances shall Trendrating, its officers, directors, employees or agents be liable for any damages, lost profits or investment losses that result in any way from use of the Services or any interruptions, errors ordelays in the Services.

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