|Bid||20.27 x 1000|
|Ask||20.50 x 1100|
|Day's Range||19.57 - 22.00|
|52 Week Range||13.03 - 48.39|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-48.03%|
|Beta (5Y Monthly)||0.65|
|Expense Ratio (net)||0.48%|
The mortgage real estate investment trust sector was mostly lower Friday, after Raymond James analyst Stephen Laws said it was still too early for investors to shift their focus away from liquidity concerns, toward future portfolio returns. The iShares Mortgage Real Estate Capped ETF slumped 3.3% in afternoon trade, to pullback from a sharp two-day bounce in which the ETF recorded back-to-back record one-day gains, of 15.2% on Wednesday and 20.8% on Thursday. The ETF had closed at a record low on Tuesday, after plunging 65.4% in a month. The recent bounce had come after a number of mortgage REITs gave position updates and government actions to help soothe liquidity concerns and a rally in the broader stock market . "We are encouraged by the recent positive liquidity updates, but believe it is too early to shift the focus to 2H earnings," Laws wrote in a note to clients. "While we believe conditions have improved some with respect to margin calls and CRE companies are in better shape than investors feared earlier in the week, the near-term could continue to be volatile given impacts from COVID-19." Before the bounce, Laws pointed out that 5 mortgage REITs, all components of the ETF, had said they could not meet margin calls.
The plunge in stocks and bonds reflects a massive economic contraction that’s just beginning. Too bad you couldn’t invest alongside some prescient U.S. senators.
With the Federal Reserve having lowered interest rates three times this year, it's easy to understand investors' affinity for longer duration Treasuries and the related exchange traded funds. ETFs with exposure to long-dated U.S. government debt are rewarding investors this year. For example, the iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT), which has an effective duration of 18.10 years, is higher by almost 17% this year.
Dubai, October 15, 2019 -- Moody's Investors Service ("Moody's"), today has downgraded Kagiso Tiso Holdings Proprietary Limited's (KTH or the company) corporate family rating (CFR) to Ba3 from Ba2, the national scale rating (NSR) CFR to Baa1.za from A2.za and the NSR short term issuer rating to P-2.za from P-1.za. The short term issuer rating of NP is affirmed.
Yahoo Finance's Julei Hyman, Adam Shapiro, Scott Gamm, Paul Schatz, President of Heritage Capital and Mark Fleming, First American Chief Economist discuss latest housing data.
'Rent the Backyard' is taking on Airbnb by building homes in backyards and splitting the rental profits with owners. Yahoo Finance's Zack Guzman & Heidi Chung, along with Flat World Partners CEO Anna-Marie Wascher discuss with Rent the Backyard Co-Founder Brian Bakerman.
A new Bankrate study is showing that when it comes to investing long-term, Americans prefer to put their money in real estate, with 31% of respondents saying they would choose the housing market when investing money they won't need for 10 years. Bankrate Chief Financial Analyst Greg McBride joins Yahoo Finance's Zack Guzman and Sibile Marcellus, along with Thornton McEnery, Dealbreaker Executive Editor, to discuss.
More Americans are signing contracts to purchase homes in May compared to April. Pending home sales rose 1.1% last month. Yahoo Finance's Zack Guzman & Kristin Myers discuss with entrepreneur and real estate investor Grant Cardone.