|Bid||84.11 x 300|
|Ask||84.12 x 2500|
|Day's Range||83.84 - 84.54|
|52 Week Range||76.98 - 86.16|
|PE Ratio (TTM)||7.58|
|Expense Ratio (net)||0.12%|
Real estate investment trusts (REITs) and the related exchange traded funds are favored destinations for yield-starved investors and it is easy to see why. For instance, the Vanguard REIT ETF (NYSEARCA: ...
Let’s take a look at three REITs whose prices are simply too high right now. With downside outweighing upside, you should avoid these three names.
HCP (HCP) is a healthcare REIT specializing in US healthcare property investment. In 2016, the company’s revenue growth slowed to 10% from 19% in 2015. The growth was driven by its…
Amid fears of encroachment by Amazon.com Inc. (AMZN) into new retail territories, traditional brick-and-mortar retailers are struggling this year. Even with a gain of more than 4% over the past month, ...
Doug Ramsey wants to know what’s ailing real-estate investment trusts. In a report published today, the chief investment officer at Leuthold Group noted that “a cooperative bond market hasn’t rekindled much enthusiasm for bond-like stock,” such as REITS and dividend payers. The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and the Vanguard REIT ETF (VNQ) have risen 7% and 1.7% respectively since the start of the year, compared to a 9.3% gain by the S&P 500.
Retail real estate investment trusts (REITs) reported pretty decent results for the second quarter, despite the negative headwinds buffetting retail in general. "2Q17’s operating results largely confirmed ...
In 2Q17, Simon Property Group (SPG) hiked its quarterly dividend by 9.1% to $1.80 per share, payable on August 31, 2017.
Simon Property maintained a debt-to-equity ratio of 6.36x in 2Q17. That was higher than the industrial mean of 1.08x.
As of 2Q17, Simon Property Group had 25 redevelopment expansion projects in line. SPG’s share of net costs was $1.0 billion for these projects.
Simon Property's NOI from new development, redevelopment, and expansion stood at $19.8 million compared to $15.7 million in the previous year.
Simon Property's malls and premium outlets stood at 95.2% in 2Q17. Base minimum rent rose 3.3% to $52.10 per square foot.
Simon Property Group (SPG) announced its 2Q17 results on August 1, 2017. Its funds from operations (or FFO) of $2.47 per share surpassed the estimate of $2.44.
Welltower’s current price-to-FFO multiple is 17.34x. It had higher-than-expected results in 2Q17 and has an optimistic outlook for fiscal 2017.
Welltower (HCN) reported its 2Q17 results on July 28, 2017. Its adjusted FFO (funds from operations) of $1.60 per share surpassed the Wall Street estimate of $1.05.
EQR’s current price-to-FFO multiple is 21.64x. The company consistently returns value to its shareholders in the form of dividends and share buybacks.
During 2Q17, Equity Residential (EQR) reported higher-than-expected top-line and bottom-line results backed by robust rent growth and occupancy levels.
Shares of Essex Property Trust (ESS) are falling today after Mizuho Securities moved to the sidelines, downgrading the real estate investment trust from a Buy to a Neutral with a $283 price target. Analyst Richard Anderson sees headwinds for the company in southern California, which accounts for 43% of the company’s portfolio. Competitor lease-up concessions of up to eight weeks are negatively impacting pricing power, mimicking what ESS felt in Northern California last year.
Equity Residential reported higher-than-expected top-line and bottom-line results in 2Q17 backed by robust rent growth as well strong demand for its apartments.
While New York exceeded management’s expectation in terms of occupancy and renewal rate growth, Boston, Seattle, and its West Coast markets performed in line with EQR's guidance.
Equity Residential’s (EQR) 2Q17 top line of $612.3 million surpassed both the year-ago mark as well as analysts’ estimates backed by higher rent growth and demand for its properties in coastal markets....