|Bid||0.00 x 1100|
|Ask||0.00 x 1100|
|Day's Range||107.55 - 108.19|
|52 Week Range||89.33 - 108.19|
|PE Ratio (TTM)||13.82|
|Beta (3Y Monthly)||0.74|
|Expense Ratio (net)||0.34%|
Given the bullish fundamentals, we have highlighted a few real estate ETFs that hit new one-year highs and could be excellent picks for investors seeking to benefit from defensive flight and a pause in Fed's tightening policy.
Even the best ETFs can cause serious pain for investors when buys are made in the middle of a bear market. Read The Big Picture column for market guidance.
There's been relative strength in real estate investment trusts. That's the main reason iShares Cohen & Steers REIT is one of the leading ETFs.
Rising interest rates may subdue Equinix’s (EQIX) bottom-line results. An improving economy, a healthy job market, and rising consumer sentiment are pushing inflation rates higher.
Wall Street appears to be expecting mixed results from Equinix’s (EQIX) third-quarter results, which are scheduled to be released on November 1. Analysts’ revenue estimates indicate a YoY (year-over-year ) increase in the low double-digit range. Analysts expect Equinix’s third-quarter revenues to increase ~11.0% YoY to $1.28 billion.
Ten-year Treasury yields pulled back a bit Thursday, but yields on benchmark government debt hover above 3.10 percent and are up nearly 17 percent year to date, enough to spark a wave of recent outflows from some well-known exchange traded funds (ETFs) spanning multiple asset classes.
In a period of low interest rates, real estate investment trusts (REITs) – a securitized portfolio of properties – offer the great income potential of real estate combined with the liquidity of stocks.
One of the biggest misconceptions in investing has to do with real estate investment trusts (REITs) and rising interest rates. As a high-yielding security — thanks to their tax structures — dividend-hungry people often look for REITs to buy to pad their portfolios. Yes, there is an initial dip from REITs when inflation spikes and the Fed raises rates.
Equinix (EQIX) reported overwhelming financial results. The company’s top and bottom-line results for the second quarter were ahead of analysts’ estimates and marked a significant YoY (year-over-year) improvement. The key metrics also surpassed the company’s own expectations.
The best ratio to evaluate a REIT like Simon Property (SPG) is the price-to-FFO (price-to-funds from operations) multiple. Simon Property’s TTM (trailing-12-month) price-to-FFO ratio is 15.0x. Competitors Equity Residential (EQR), GGP (GGP), and Kimco Realty (KIM) have TTM price-to-FFO ratios of 21.3x, 14.1x, and 11.0x, respectively, which means Simon Property is trading at a discount to Equity Residential but at a premium to GGP and Kimco Realty.
What Lies Ahead for Simon Property in the Second Half of 2018? Simon Property (SPG) has reported five consecutive quarters of upbeat top-line performances and also seen YoY improvements. Furthermore, Simon Property is focusing on transforming its properties by adding more hotels, restaurants, and luxury stores.
American Tower (AMT) reported adjusted EBITDA of $1.08 billion in the second quarter, coming in ahead of analysts’ expectation of $1.07 billion. Its adjusted EBITDA also marked a YoY (year-over-year) improvement of 6.2% mainly driven by higher revenue and efficient cost management.
Real estate equity funds headed south earlier this year amid expectations the Fed will keep raising interest rates. But they've recently climbed back near 52-week highs.
Simon Property Group (SPG) is undertaking omni-channel retailing and portfolio-restructuring initiatives to maintain traffic amid the retail crisis. The company’s revenue losses due to some retailers leaving malls could more than offset the benefits it’s derived from its sales-boosting initiatives. Retail stores are experiencing falling traffic and sales as consumers turn away from visiting malls in favor of online shopping.
Strong first quarter earnings results help bolster real estate investment trusts and related exchange traded funds on Friday. Of the top performing ETFs on Friday, iShares Cohen & Steers Realty Majors ...
Income. It’s what retirement is made of. And while the Federal Reserve has been dialing up interest rates, finding big income from traditional sources is still hard to come by. Money market funds, CDs and even 10-year Treasury bonds aren’t paying much of anything these days. For income-starved retirees, getting a paltry sub-2% isn’t going to cut it. Finding better income solutions is a paramount concern.