|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's Range||97.11 - 97.70|
|52 Week Range||82.22 - 98.11|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.80|
|Expense Ratio (net)||0.25%|
Real estate investment trusts often behave as defensive stock plays, but they've been moving with the broad market, helping those assets become some of the best ETFs.
The technology sector and Apple in particular led a stock market sell-off Monday that saw the Nasdaq composite plunge nearly 3%.
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.
ETF investors are hedging their bets with long-term Treasury bonds in a worst case scenario where an escalating trade war could rile markets. Investors continue to pile into ETFs that cover areas that traditionally do well during low-rate environments, like long-term Treasuries, along with real estate investment trusts and utilities, Bloomberg reports. For example, the iShares 20+ Year Treasury Bond ETF (TLT) was among the most popular plays in recent weeks.
Simon Property (SPG) aims to enhance shareholder wealth through dividend payments and share repurchases. During the second quarter, the company increased its quarterly dividend by 11.1% to $2.00 per share, payable on August 31 to stockholders of record as of August 17.
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.
President Donald Trump’s pro-American policies have boosted confidence in the US economy. Improvements in the job market, higher disposable income, decent inflation, and improving gas prices have contributed to the spike in the consumer sentiment for the past few months. According to the latest data from the US Department of Commerce, retail sales rose 0.5% in June, marking the fifth consecutive month of growth.
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 ...