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Upside-Down Week As REITs Stumble And Yields Surge

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
WP GLIMCHER 4.18   24.6 0.17 1.00 24.10
VENTAS 71.17   51.6 1.38 3.17 4.41
HCP 34.61   17.0 2.04 1.48 4.27
AMERICAN CAMPUS COMMUNITIES 47.29   78.8 0.60 1.88 4.05
REGIONS FINANCIAL 16.25   10.1 1.61 0.62 3.87
PROLOGIS 84.04   31.2 2.69 2.12 2.55
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
AMAZON.COM 1843.55   76.5 24.10 0.00 0.00
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

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


Older articles featuring Cbl & Associates Properties (CBL):
Getting Ready For The Next Bear Market: High-Yielding Alternatives
CBL Properties Declares Preferred Stock Dividends
Cashing In Dividends From Excessive Fear To Generate Income From Mall REITs
The Stunning Story Of Retail eREITs And Why Total Return Matters Even For Dividend Growth Investors - Part II
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

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