XLRE - The Real Estate Select Sector SPDR Fund

NYSEArca - NYSEArca Delayed Price. Currency in USD
38.02
-0.11 (-0.29%)
At close: 4:00PM EDT
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Previous Close38.13
Open38.33
Bid37.97 x 40000
Ask37.98 x 21500
Day's Range37.87 - 38.49
52 Week Range29.52 - 38.49
Volume4,654,378
Avg. Volume3,640,914
Net Assets2.93B
NAV38.12
PE Ratio (TTM)N/A
Yield3.27%
YTD Return23.68%
Beta (3Y Monthly)0.56
Expense Ratio (net)0.13%
Inception Date2015-10-07
Trade prices are not sourced from all markets
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  • MarketWatch2 days ago

    REIT sector rallies toward 4th-straight record as Treasury yields fall

    The real estate investment trust (REIT) sector rallied again toward a record high in midday trading Monday, boosted by a rally in 10-year Treasurys that pushed the yield down toward a near 2-year low. The SPDR Real Estate Select Sector ETF climbed 0.6%, as 27 of 32 components gained ground, and as 12 components reached 52-week highs, to put it on track for a 4th-straight record close. Among the more-active components, shares of Ventas Inc. climbed 1.8%, Kimco Realty Corp. rose 1.7%, HCP Inc. gained 0.9% and Host Hotels & Resorts Inc. hiked up 0.9%, while Weyerhaeuser Co. fell 0.6%. The REIT sector is often viewed as a defensive bond proxy given its relatively high dividend yield, so disappointing data that pushed Treasury yields lower can attract investors. On Monday, disappointing manufacturing and home builder sentiment data knocked the 10-year Treasury yield down 1.3 basis points to 2.080%, or well below the REIT ETF's dividend yield of 3.14%. The ETF has now rallied 7.0% over the past three months while the Dow Jones Industrial Average , which has an implied dividend yield of 2.07%, has gained 1.1%.

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    Priam Properties sets terms for IPO, to raise up to $180 million

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  • MarketWatch5 days ago

    ETFs tracking defensive REIT, utilities and consumer staples sectors rise toward record highs

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    MGM Growth Properties boosts dividend, lifting yield well above REIT sector tracker

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    PIMCO Mortgage Trust sets terms of IPO, to raise about $1 billion

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    Cousins Properties, Tier REIT to merge creating an office REIT with combined market cap of $5.9 billion

    Cousins Properties Inc. and Tier REIT Inc. announced Monday a merger deal, creating a office real estate investment trust with a combined equity market capitalization of about $5.9 billion. The stocks are still inactive in premarket trade. Under terms of the 100% stock deal, Cousins will exchange 2.98 shares of newly issued shares for each Tier stock outstanding. Based on Friday's closing prices, that values Tier shares at $29.44 each, a 15.6% premium. The deal is expected to close in the third quarter of 2019, at which time Cousins shareholders will own 72% of the combined company and Tier stockholders will own 28%. The companies expect annual net savings of $18.5 million after closing. "The company will own an unmatched portfolio of trophy office properties in the premier submarkets of Atlanta, Austin, Charlotte, Dallas, Phoenix and Tampa," said Cousins Chief Executive Colin Connolly. Cousins's stock has rallied 18.9% over the past 12 months and Tier shares have soared 42.0%, while the SPDR Real Estate Select Sector ETF has climbed 19.1% and the S&P 500 has gained 8.2%.

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