Dip Buying • SFR Rents Soar • Lockdowns Avoided?

December 21, 2021 | Hoya Capital

Dip Buying • SFR Rents Soar • Lockdowns Avoided? Daily Recap Dec 21 Written By Summary U.S. equity markets rebounded following three straight days of declines after officials in the U.S. and U.K. showed restraint in instituting more severe economic restrictions amid the recent COVID reacceleration. Recovering from its worst three-day skid in months, the S&P 500 gained 1.8% today while the Mid-Cap 400 rallied 2.7% and the Small-Cap 600 gained 2.8%.

Led by a strong rebound from COVID-sensitive property sectors, the Equity REIT Index finished higher by 1.1% with 16-of-19 property sectors in positive territory while Mortgage REITs rallied 4.4%. CoreLogic released its latest Single-Family Rent Index, which showed that SFR rents soared 10.9% year over year in October, up from a 3.2% year-over-year pace in October 2020 while vacancy rates declined to fresh record-lows. Today, we published 'Casino REITs: The House Always Wins' which discussed our updated outlook and analysis of the casino sector, which is currently the highest dividend-yielding property sector.

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U.S. equity markets rebounded following three straight days of declines after officials in the U.S. and U.K. showed restraint in instituting more severe economic restrictions amid the recent COVID reacceleration. Recovering from its worst three-day skid in months, the S&P 500 gained 1.8% today while the Mid-Cap 400 rallied 2.7% and the Small-Cap 600 gained 2.8%. Led by a strong rebound from COVID-sensitive property sectors, the Equity REIT Index finished higher by 1.1% with 16-of-19 property sectors ...