|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||68.59 - 69.32|
|52 Week Range||54.75 - 69.91|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.60|
|Expense Ratio (net)||0.48%|
Fortunately for homeowners, the housing market recovered relatively quickly. Bubbles are notoriously hard to recognize in real-time, but there are certainly telltale signals to watch in the housing market. During that same stretch, housing prices nearly doubled that gain, rising 48 percent.
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.
Like many other sectors, real estate experienced a difficult 2018. Despite starting the year with high home prices and impressively low mortgage rates, climbing interest rates ended up deterring buyers.
Real estate investment trust-related ETFs have strengthened this year, partly due to the rising demand for properties that allow consumers to store away their growing accumulation of stuff. For example, the iShares Residential Real Estate Capped ETF (REZ) , which includes large exposures to self-storage companies like 9.7% in Public Storage REIT (PSA), gained 6.4% year-to-date while the S&P 500 declined 5.9%.
In a year of volatility, yield-generating real estate stocks and sector-related ETFs outpaced the broader U.S. markets for the first time since 2015 as investors looked to dividends in an attempt to cushion ...
We have highlighted five ETFs from different corners of the market that have traded in the green in three months and will likely to continue to do so should the trends prevail.
After a wild October, one that saw the S&P 500 notch one of its worst October performances ever, equity market volatility remains a concern for investors. Stocks rallied following the midterm elections, but the S&P 500 quickly gave back those gains and is currently saddled with a month-to-date loss, suggesting some of that October volatility is seeping into November.
Equity Residential (EQR) reported strong third-quarter 2018 results yesterday. Its top and bottom lines came in ahead of Wall Street estimates and marked a decent improvement from the year-ago quarter as well as sequentially.
For real estate mutual funds and exchange-traded funds (ETFs), the 2018 story, to this point, is split into two chapters. Amid expectations for rising interest rates, which came to pass, rate-sensitive real estate ETFs and mutual funds slumped in the first several months of 2018.
The demand for self-storage facilities is on the rise. Citing a report by IBISWorld, Investment Bank reported that revenues of the self-storage industry are anticipated to grow 2.9% annually and reach $32.6 billion by 2020, from $30 billion at the end of 2017.
Equity Residential (EQR) always looks for opportunities to enhance shareholder wealth through its reinvestment strategies. It not only acquires or develops a property to earn rental income throughout the lifetime of the asset but also looks for options to take advantage of value appreciation in its properties and reinvest unleashed capital in more lucrative opportunities.
Equity Residential’s (EQR) second-quarter top line beat Wall Street estimates and marked a YoY (year-over-year) improvement, mainly driven by increased same-store revenues. Its same-store revenues, which include 72,629 apartment units, rose 2.2% YoY to $599.6 million.
On July 25, Equity Residential (EQR) posted FFO (funds from operations) of $0.81 for Q2 2018, beating Wall Street’s expectations by a penny and exceeding the mid-point of management’s guidance of $0.77–$0.81. That marked an improvement of $0.04 (or 5.2%) from FFO of $0.77 in Q2 2017. Increased rentals, higher occupancy rates, and upside margins benefited its second-quarter bottom-line results.
Extra Space Storage (EXR) is set to report its second-quarter results on July 31. Analysts expect its second-quarter AFFO (adjusted funds from operations) to rise 5.5% YoY (year-over-year) to $1.15 due to strong demand in the self-storage space and Extra Space’s strategic initiatives enhancing traffic and driving occupancy rates.
Ventas (VTR) is slated to report its second-quarter results on July 27. Wall Street expects its results to be mixed, with revenue rising 1.6% YoY (year-over-year) to $910.2 million and AFFO (adjusted funds from operations) per share falling 2.9%. The segment is struggling with market oversupply, which is impacting its pricing power, average occupancy rate, and monthly REVPOR (revenue per occupied room).
The National Association of Home Builders (or NAHB) is an association of 700 state and local associations of home builders (REM), and real-estate sales and marketing professionals, and re-modelers. The NAHBA conducts a monthly survey of its members and constructs the housing market index (or HMI) based on the results of the survey. The survey asks respondents to rate the current conditions and expected conditions in the next six months as “good,” “fair,” or “poor.” The survey mostly relates to the single-family housing (ITB) market.
Yield hunters typically dump real estate investment trusts and sector-related exchange traded funds when interest rates rise, but REITs may do well in a growing economic environment that is also comes ...
The National Association of Home Builders (or NAHB) is an association of 700 state and local associations of homebuilders (REM), real estate sales and marketing professionals, and remodelers. The NAHB conducts a monthly survey of its members, and based on this survey, the association publishes a report that includes the housing market index (or HMI). The survey asks respondents to rate the current conditions and expected conditions in the next six months as “good,” “fair,” or “poor” and mostly relates to the single-family housing (ITB) market.