37.72 0.00 (0.00%)
After hours: 6:00PM EST
|Bid||36.06 x 1800|
|Ask||38.30 x 3000|
|Day's Range||37.71 - 39.48|
|52 Week Range||34.26 - 42.00|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||3.20%|
|Beta (5Y Monthly)||0.42|
|Expense Ratio (net)||0.13%|
Canaccord Genuity Managing Director Tony Dwyer joins On The Move panel to discuss how the markets have been acting amid the coronavirus and what investors should look for as they invest.
Savills Chief Economist Heidi Learner joins the On The Move panel to discuss how the impact of the coronavirus on the real estate industry and what investors can do as fears of the virus continue to rise.
All three major indexes closed at record highs on Friday, led by a week of strong economic data and corporate earning results. The Final Round panel discusses the markets at the closing bell.
MSCI is out with a new report on the top ESG trends to watch in 2020, which includes topics like the climate crisis and future of real estate. MSCI Global Head of ESG Research Linda-Eling Lee joins Yahoo Finance’s Seana Smith on The Ticker to discuss.
Climate research group First Street Foundation will offer access to a risk model that forecasts the probability of flooding for homes across the nation. Houzz Principal Economist Nino Sitchinava breaks down what this means for home owners, along with 2020 design trends, and more. Yahoo Finance's Zack Guzman & Heidi Chung, along with the Director of Research at QVIDTVM, Inc. Max Raskin join in on the conversation.
Gil Borok, Colliers International CEO for the U.S., joins On the Move to break down why he is optimistic about the future of a flexible workspace despite WeWork’s shortcoming.
The average 30-year fixed mortgage rate declined to its lowest rate since October this week, but is now the best time to buy? The Corcoran Group Founder & Shark Tank star Barbara Corcoran, joins Yahoo Finance's Zack Guzman and Kristin Myers discuss.
Mortgage rates are on the decline, with the 30 year rate at its lowest level in a month. SitusAMC Managing Director, Tim Rood breaks it down with Yahoo Finance's Seana Smith.
Reuters is highlighting some of the developments that have shaped the U.S. economy over the past decade — including topics like the wealth gap and student debt. Yahoo Finance's Zack Guzman and Julia La Roche break down the data with Clearnomics Founder & CEO, James Liu.
U.S. luxury homes are facing a price correction period as inventory builds in New York and other key regions. Bespoke Real Estate co-founder Cody Vichinsky joins Yahoo Finance's Seana Smith on The Ticker to discuss.
New home sales increased 1.3% to a seasonally adjusted annual rate of 719,000 units in November. Lawrence Yun, National Association of REALTORS Chief Economist, discusses on The Ticker with Yahoo Finance's Seana Smith.
Home prices and rents have surged in Phoenix at a rate that has outpaced the nation and other major markets. Phoenix’s strong job market, proximity to more expensive housing markets in California and dry, warm climate have made it the hottest housing market of 2019. The On the Move panel breaks down why Phoenix has the hottest housing market in 2019.
Unemployment rate is at its lowest rate for decades. Cresa CEO Jim Underhill said companies are turning to commercial real estate in cities that could attract millennial workers. He joins Seana Smith on The Ticker to discuss.
Principal Global Investors CIO Todd Jablonski joins Yahoo Finance’s Editor in Chief Andy Serwer, Adam Shapiro, Julie Hyman, Brian Sozzi to discuss how the Federal Reserve has impacted markets and his views on the economy going into 2020 on On The Move.
Toronto based startup Nobul Corporation is a digital market-place for real estate agents to compete for active buyers and sellers. Nobul Corporation Founder and CEO Regan McGee joins Yahoo Finance's Kristin Myers, Sibile Marcellus, along with 'The Information' Reporter Carleton English, to discuss the brand's U.S. launch — and more.
Shares of real estate investment trusts (REITs) were broadly higher Friday, as the relatively high-yielding sector was benefiting from a tumble in Treasury yields. The SPDR Real Estate Select Sector ETF rose 0.4% to be the best performer among the SPDR ETFs tracking the S&P 500's 11 key sectors. The REIT ETF was trading just shy of the Feb. 14 record closing price of $41.88. Among the more-active components, shares of Ventas Inc. rose 0.5%, Prologis Inc. tacked on 0.3% and Digital Realty Trust Inc. advanced 0.6%. Meanwhile, Host Hotels & Resorts Inc. fell 0.9%. The yield on the 30-year Treasury note fell 6.9 basis points toward a record low of 1.904%, amid fears that the coronavirus outbreak's impact on economic growth will not be contained to China. Meanwhile, the yield on the REIT ETF 2.818%, compared with the implied yield on the S&P 500 of 1.82%.
Shares of real estate investment trusts rallied again Friday, as another drop in Treasury yields helped spark a broad rally in the high-yielding sector. The SPDR Real Estate Select Sector ETF rose 0.8%, with 25 of 31 equity components gaining ground. The ETF (XLRE) was on track for a 7th-straight gain, and 5th-straight record close. The win streak would be the longest since the 7-day up stretch ending Jan. 31, 2019. The REIT sector is viewed by many as a bond proxy, given its relatively stable equity characteristics and high dividend yield. The XLRE's dividend yield is 2.84%, while the yield on the 10-year Treasury note was 1.581%, down 3.6 basis points from Thursday. The 10-year yield has lost 33.8 basis points since the end of 2019, and was approaching the 3-year low of 1.459% hit on Sept. 4, 2019. Meanwhile, the implied yield on the S&P 500 was 1.79%. Among the XLRE's biggest gainers Friday, shares of Digital Realty Trust Inc. rose 3.1%, Public Storage advanced 1.8% and Extra Space Storage Inc. tacked on 1.7%.
In the lower-for-longer yield environment, fixed-income investors may turn to real estate investment trusts and sector-related ETFs to meet their needs. According to EPFR Global data, real-estate mutual ...
Shares of Innovative Industrial Properties Inc. dropped 4.5% in premarket trading, after the real estate investment trust (REIT), which focuses on properties leased to cannabis companies, announced that pricing of a stock offering at a near 8% discount. The company said its offering of 2,967,799 shares, representing about 22% of the shares outstanding, priced at $73.25 to raise $217.4 million. That pricing was 7.8% below Thursday's close of $79.45. The company plans to use the proceeds from the stock sale to invest in real estate assets. The stock has rallied 9.6% over the past 3 months through Thursday, while the SPDR Real Estate Select Sector ETF has edged up 0.2%, the ETFMG Alternative Harvest ETF declined 11% and the S&P 500 has gained 10.5%.
Shares of New York Mortgage Trust Inc. slid 2.1% on heavy volume in morning trading Wednesday, after the high-yielding real estate investment trust announced a public offering of common stock that amounts to about 10% of the shares outstanding. Trading volume ballooned to 22 million shares, which currently makes the stock the most actively traded on major U.S. exchanges. The company said it sold 30 million shares to the public for gross proceeds of $182.7 million, which implies a pricing of about $6.09 a share, below Tuesday's closing price of $6.25. The company plans to use the proceeds from the offering for general corporate purposes, which could include acquiring single-family residential and multi-family credit investments. The stock has a dividend yield of 13.07% at current prices, compared with the yield on the SPDR Real Estate Select Sector ETF of 3.10% and the implied yield on the S&P 500 of 1.85%.
Shares of Vornado Realty Trust hiked up 1.9% in midday trading Wednesday, after the New York-based real estate investment trust declared a special dividend of $1.95 a share. The dividend, which is payable Jan. 15 to shareholders of record on Dec. 30 is the result of gains from the transfer of its 45.4% equity interest in its retail assets on Upper Fifth Avenue and Times Square, the sale of its 25% interest in 330 Madison Avenue and other asset sales, which was partially offset by a tax deduction from its former investment in Toys "R" Us. The special dividend is in addition to the current annual dividend of $2.64 a share. Including the special dividend, the implied dividend yield at current stock prices would be 6.93%. The yield on the SPDR Real Estate Select Sector ETF is 3.01% and the implied yield for the S&P 500 is 1.89%, according to FactSet.
SL Green Realty Corp. said Friday it will raise its quarterly dividend by 4.1%, to 88.5 cents a share from 85 cents a share. The real estate investment trust said the new dividend will be payable Jan. 15 to shareholders of record on Jan. 2. Based on Thursday's stock closing price of $85.77, the new annual dividend rate implies a dividend yield of 4.13%, compared with the yield for the SPDR Real Estate Select Sector ETF of 2.96% and the implied yield for the S&P 500 of 1.91%, according to FactSet. Shares of the self-proclaimed largest office landlord in New York City, which were still inactive in premarket trading, have rallied 8.5% year to date, while the REIT ETF has climbed 24.2% and the S&P 500 has advanced 24.4%.
Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […]
Toronto based startup Nobul Corporation is a digital market-place for real estate agents to compete for active buyers and sellers. Nobul Corporation Founder and CEO Regan McGee joins Yahoo Finance's Kristin Myers, Sibile Marcellus, along with 'The Information' Reporter Carleton English, to discuss the brand's U.S. launch