Dividend-News

Daily dividend news for investors in dividend stocks


REITs And Homebuilders Retreat As Yields Return To 2018 Highs

Published Fri, 20 Apr 2018 15:09:35 -0400 on Seeking Alpha

Real Estate Weekly Review
Despite a rally in the S&P 500 (SPY), REITs and homebuilders took a leg lower this week as the 10-Year yield climbed back towards 2018-highs. The REIT ETFs (VNQ and IYR) finished the week lower by 1% while homebuilders (XHB and ITB) declined 0.5%. Inflation expectations have picked up amid concern over tariffs, wages and commodity prices.
Because REIT valuations have been driven almost entirely by macroeconomic conditions in recent months, commodity prices have become an important factor to watch for real estate investors due to their impact on interest rates and inflation. The most significant culprit of rising inflation expectations has been crude oil (USO), which climbed 2% on the week and is now higher by more than 30% year over year. Despite booming US production, prices are up 30% YoY as the OPEC cartel continues to restrict production, aided by the collapse of Venezuela’s oil production capability.

(Hoya Capital Real Estate, Performance as of 1pm Friday)
In other areas of the real estate sector, mortgage REITs (REM) finished the week nearly 2.5% higher while international real estate (VNQI) finished 1% lower. Within the Equity Income categories, we note the performance and current income yield of the Utilities, Telecom, Consumer Staples, Financials, and Energy. Within the Fixed Income categories, we look at Short-, Medium-, and Long-Term Treasuries, as well as Investment Grade and High Yield Corporates, Municipal... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CBL & ASSOCIATES PROPERTIES 0.92   0.0 -0.95 0.30 27.52
WP GLIMCHER 3.55   11.4 0.31 1.00 26.74
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST 6.24   0.0 -2.15 0.84 12.78
NUVEEN REAL ESTATE INCOME FUND 10.75   0.0 0.00 0.00 7.04
RMR REAL ESTATE INCOME FUND 18.72   0.0 0.00 0.00 7.02
COHEN & STEERS QUALITY INCOME REALTY FUND 13.60   0.0 0.00 0.00 6.94
COHEN & STEERS TOTAL RETURN REALTY FUND 14.07   0.0 0.00 0.00 6.81
COHEN & STEERS REIT 21.93   0.0 0.00 0.00 6.72
BRIXMOR PROPERTY GROUP 17.74   14.5 1.22 1.12 6.18
KIMCO REALTY 18.23   19.0 0.96 1.12 6.12
BRANDYWINE REALTY TRUST 14.35   27.1 0.53 0.76 5.26
HOST HOTELS & RESORTS 17.80   13.0 1.37 0.80 4.37
CORESITE REALTY 114.07   52.6 2.17 4.88 4.23
SL GREEN REALTY 83.38   30.2 2.76 3.40 4.16
PUBLIC STORAGE 247.55   28.7 8.62 8.00 3.21
COUSINS PROPERTIES 36.50   39.7 0.92 1.16 3.17
CYRUSONE 58.21   129.4 0.45 1.84 3.13
UDR 46.33   89.1 0.52 1.37 2.95
EQUITY RESIDENTIAL 77.15   52.1 1.48 2.27 2.89
AVALONBAY COMMUNITIES 206.83   28.5 7.25 6.08 2.88
PROLOGIS 82.43   30.6 2.69 2.12 2.60
FIRST INDUSTRIAL REALTY TRUST 37.73   31.7 1.19 0.92 2.46
EASTGROUP PROPERTIES 116.57   50.9 2.29 2.88 2.43
SUN COMMUNITIES 133.97   101.5 1.32 3.00 2.24
SPDR S&P 500 ETF 298.83   0.0 0.00 5.42 1.81
SUNSTONE HOTEL INVESTORS 13.24   13.8 0.96 0.20 1.48
LENNAR 46.76   8.0 5.83 0.16 0.33
ISHARES COHEN & STEERS REALTY MAJORS INDEX FUND 115.26   0.0 0.00 0.00 0.00
ISHARES FTSE NAREIT MORTG PLUS CAPPED INDEX FUND 42.91   0.0 0.00 0.00 0.00

CBL & ASSOCIATES PROPERTIES - CBL
CBL & ASSOCIATES PROPERTIES - CBL  


Older articles featuring Cbl & Associates Properties (CBL):
Washington Prime Group: Why A Dividend Cut Is Very Likely
Our High Yield REIT Portfolio: Q2 2019 Update
CBL Properties Declares Preferred Stock Dividends
Our High Yield REIT Portfolio Heading Into The 2nd Quarter
Washington Prime: Why I'm Short This 18% Yielder
Dividends By The Numbers For March 2019 And 2019-Q1
Deep Value And 18.5% Yield From Washington Prime
Tanger Factory Outlet Centers: What Does A Complete And Unbiased Analysis Yield?
Our 'Top Preferred Stock Pick', 9% Yield And Big Upside, From Pennsylvania REIT
CBL Properties Declares Common Stock Dividend and Preferred Stock Dividend

More