33.66 +0.01 (0.03%)
After hours: 4:01PM EDT
|Bid||33.00 x 1000|
|Ask||34.22 x 45100|
|Day's Range||33.60 - 33.95|
|52 Week Range||29.17 - 34.13|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
Equinix’s (EQIX) second-quarter revenues increased 18% YoY (year-over-year) to $1.262 billion and marked sequential growth for the 62nd consecutive quarter. The quarterly revenues were ahead of analysts’ estimates of $1.259 billion and matched the mid-point of management’s guidance range of $1.257 billion–$1.267 billion (the mid-point is $1.262 billion).
What Lies Ahead for Simon Property in the Second Half of 2018? At the end of the second quarter of 2018, Simon Property (SPG) had a debt-to-equity ratio of 7.06x, which was higher than the first-quarter level of 6.83x as well as the industry average of 0.97x. Simon Property is working on several development projects to expand its business.
American Tower (AMT) generates ~45% of its revenue from the international market. The company’s revenue from the international market reached $792 million in the second quarter, reflecting a YoY (year-over-year) rise of 7%.
The continuously evolving mobile industry and accelerated 5G (fifth-generation) deployments by domestic wireless network carriers are driving demand for American Tower’s communication sites. Unlimited data plans offered by cellular operators have also been driving network traffic. On July 31, American Tower’s CEO, James Taiclet, said during the company’s second-quarter earnings release, “The rapid adoption of unlimited data plans in the U.S. wireless market has elevated aggregate year-over-year mobile data usage growth to roughly 40%.
Emerging trends in the technology sector such as artificial intelligence, big data, cloud computing, IoT (Internet of Things), bring your own device (or BYOD), flash storage, social networking, high-quality video, and wearable devices have brought massive change to the IT storage industry.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
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.
MARKET PULSE Cushman & Wakefield PLC's stock (cwk) opened 5.9% above its initial public offering price, as the real estate services company raised at least $765 million. The first trade was at $18 at 10:18 a.
Shares of Forest City Realty Trust Inc. (fce) shot up 8.6% in premarket trade Tuesday, after real estate investment trust said agreed to be acquired by Brookfield Asset Management Inc. (bam) in a deal valued at $11.4 billion. Brookfield shares were still inactive. Under terms of the deal, Brookfield will pay $25.35 in cash for each Forest City share outstanding, a 10% premium to Monday's stock closing price of $23.02.
The best ratios for comparing REITs are price-to-FFO (funds from operations) multiples, which are similar to PE multiples. Crown Castle’s (CCI) TTM (trailing-12-month) price-to-FFO multiple is 22.6x, higher than American Tower’s (AMT), Realty Income’s (O), and Simon Property’s (SPG) multiples of 21.0x, 18.6x, and 15.2x, respectively.
In the second quarter, Crown Castle’s (CCI) site rental revenue grew by $300 million to $1.33 billion, of which its fiber business accounted for $247 million and its tower business comprised $53 million. During Q2 2018, the company’s fiber revenue increased ~164% YoY (year-over-year) to $398 million, and the fiber business’s contribution to total site rental revenue increased YoY to 34% from 17%. Meanwhile, its tower revenue grew 7.4% YoY to $771 million, with its total site rental revenue contribution falling YoY to 66% from 83%.
National Retail Properties Inc. (nnn) said Monday it will raise its quarterly dividend by 5.3%, which would mark the 29th-straight year the real estate investment trust has increased its dividend. The new dividend of 50 cents a share, up from 47.5 cents a share, will be payable Aug. 15 to shareholders of record on July 31. Based on Friday's stock closing price of $44.37, the new annual dividend rate implies a dividend yield of 4.51%, compared with the yield for the SPDR Real Estate Select Sector ETF (xlre) of 3.19% and the implied yield for the S&P 500 (spx) of 1.90%, according to FactSet.
Vanguard, the king of low-cost, self-directed investing, is seeing increased competition in the real estate exchange-traded fund (ETF) marketplace with the entrance of J.P. Morgan Asset Management, the unit of JPMorgan Chase & Co. ( JPM) that includes its ETF business. According to a report in MarketWatch, earlier this week, J.P. Morgan Asset Management introduced a new ETF focused on real estate investment trusts (REITs). The JPMorgan BetaBuilders MSCI US REIT ETF ( BBRE) began trading this week and tracks what is one of the most widely followed REIT benchmarks – the MSCI US REIT Index – noted the report.
U.S. stocks fell broadly on Friday, as an escalation in trade tensions between the U.S. and China weighed on risk assets, though areas of the market considered safer traded up on the day.
The utilities and real estate sectors are most likely to feel a hit from rising interest rates, Wall Street analysts say. The Federal Reserve this week imposed its second interest rate hike so far this year on growing optimism about the U.S. economy, particularly in employment. The Fed raised its benchmark interest rate to a range of 1.75% to 2% and hinted that two more hikes were likely to come.
Think baby boomer categories that tap health care, downsizingSome fresh REIT investment ideas will benefit from aging baby boomers, as well as overall demographic trends. The advantage of exposure to real estate as a more concrete option among financial assets has been hard to glean from the dismal performance of real estate investment trusts over the past few years. “It’s still a pretty good time to buy some REITs,” said David Copp, manager of the TIAA-CREF Real Estate Securities Fund(TCREX) .
REITs are usually valued using price-to-FFO multiples, since this ratio requires adding back depreciation and makes other adjustments that help in correctly determining a REIT’s income. American Tower (AMT) is currently trading at a trailing-12-month price-to-FFO ratio of 20.2x compared with its peer group average of 18.7x, which suggests that the company is being traded at a premium compared to its peers. Players in the peer group include Crown Castle (CCI), SBA Communications (SBAC), Realty Income (O), and Simon Property Group (SPG).
State Street Global Advisors, the third-largest U.S. issuer of exchange traded funds, is planning to add to its lineup of sector ETFs. As was previously announced by index providers MSCI Inc. and Standard ...
Home buyers struggle to find footing in real estate climate. Yahoo Finance's s Seana Smith chats with HGTV Star and Liberty Mutual Consultant Chip Wade about what home owners, and those looking to buy, should do.
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