Wed, Nov 26, 2014, 9:03 AM EST - U.S. Markets open in 27 mins.

Recent

% | $
Quotes you view appear here for quick access.

American Capital Agency Corp. Message Board

  • chinookcook2000 chinookcook2000 Feb 12, 2013 9:36 AM Flag

    S&P Change on REITS

    S&P TRENDS & IDEAS
    Sectors: S&P Turns Neutral on Residential REIT Subindustry
    02/11/2013-10:03 AM ET
    • We recently lowered our fundamental outlook for the Residential REIT subindustry to neutral, from positive. All of the REITs in our coverage universe have now reported year-end 2012 results. During analyst conference calls with REIT management teams, there was one recurring theme: in 2013, rental revenue growth will slow from the strong levels achieved in 2012. On average, we still estimate 2013 rental hikes will average about 4%-5% for owners of apartment communities, but below an average estimated gain in 2012 of close to 6%.
    • We think there are a number of factors behind lowered growth expectations for 2013. First, the for-sale housing market is finally showing signs of life. The latest data for the S&P/Case- Shiller Home Price Indices shows U.S. home prices rising 5.5% during the 12 months ended

    November 2012. Potential homebuyers, including some renters, are beginning to take advantage of attractive values in many local housing markets. As a result, we think the U.S. homeownership rate, which hit a 15-year low in the fourth quarter of 2012, could begin to creep up in coming quarters.
    This is an excerpt of the story, for the rest please visit the Trends & Ideas page on MarketScope

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
AGNC
22.98+0.02(+0.09%)Nov 25 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.