Published Sat, 14 Sep 2019 05:29:18 -0400 on Seeking Alpha
Real Estate Weekly Outlook
In what some observers described as an “upside-down” week in the financial markets, US equities climbed for the third straight week as trade tensions between the US and China appeared to cool ahead of the all-important in-person trade discussions in early October. Another week of solid economic data and a show of strength from the Republican party in a closely-watched set of special elections (especially of interest to the Chinese trade delegation) lifted investor optimism and sent the 10-year yield surging to the biggest weekly gain in six years.
Sector and factor rotation have been key themes over the past several weeks with a sharp reversal in leadership groups. In a sharp move that confounded many investors, the high-flying momentum and high-growth factors have significantly underperformed in recent weeks while the beaten-down value and quality factors have suddenly caught a bid, a theme that we’ve observed play out within the REIT sector as well.
The S&P 500 (SPY) and Dow Jones Industrial Average (DIA) each climbed another 1% this week, pushing the major large-cap benchmarks back to within 1% of all-time record highs. The small-cap Russell 2000 (IWM), which has underperformed for most of this year, surged nearly 5% on the week while on the flip-side of the coin, the high-flying REIT sector took a step back as the broad-based REIT ETFs (VNQ and IYR) dipped more than 2%.
The “upside-down” week was apparent within the... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|CBL & ASSOCIATES PROPERTIES||1.38||0.0||-0.95||0.35||27.34|
|AMERICAN CAMPUS COMMUNITIES||47.29||78.8||0.60||1.88||4.05|
|SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST||272.32||0.0||0.00||5.67||2.10|
|SPDR S&P 500 ETF||301.29||0.0||0.00||5.42||1.82|
|ISHARES COHEN & STEERS REALTY MAJORS INDEX FUND||118.41||0.0||0.00||0.00||0.00|
|ISHARES FTSE NAREIT MORTG PLUS CAPPED INDEX FUND||41.97||0.0||0.00||0.00||0.00|
Older articles featuring Cbl & Associates Properties (CBL):Retail REITs: Double-Digit Yields, Secular Shifts And Mean-Reversion
We Need To Talk About Dividend Cuts - They Are A Necessary Evil
REIT Preferreds: Higher-Yield Without Excess Risk
Dividend Cuts And Overdue Rent: REIT Earnings Recap
Our High Yield REIT Portfolio - Optimizing Rebound Potential
Now Is Not The Time To Be A High-Yield REIT Investor
Macerich: Debunking Three Bear Theses, Including Why I Want A Dividend Cut
Introducing This Growing Dividend Portfolio
Washington Prime Is Undervalued Regardless If It Cuts The Dividend
Our 2020 High Yield REIT Portfolio