Dividend Bumps • Impeachment Vote • Cell Tower M&A

January 13, 2021 | Hoya Capital

Dividend Bumps • Impeachment Vote • Cell Tower M&A Daily Recap Jan 13 Written By Summary U.S. equity markets finished mostly higher Wednesday despite ongoing partisan tensions amid a second impeachment vote as investors parsed cooler-than-expected inflation data and the start of corporate earnings season. Still modestly lower on the week, the S&P 500 finished higher by 0.23% today while the Dow Jones Industrial Average (DIA) declined by 8 points.

The tech-heavy Nasdaq 100 bounced back with gains of 0.68%. Real estate equities were mostly higher today as the broad-based Equity REIT ETF finished higher by 1.2% with 13 of 19 property sectors in positive territory. Yield-sensitive sectors outperformed today after CPI data showed that core inflation rose just 0.1% in December as price pressures remain muted despite historic levels of fiscal stimulus. American Tower (AM) announced that it will acquire Telxius Towers for $9.4B, the second major acquisition this year for the largest REIT by market-cap.

This afternoon, mobile home REIT UMH Properties (UMH) increased its dividend for the first time in fifteen years. Real Estate Daily Recap U.S. equity markets finished mostly higher Wednesday despite ongoing partisan tensions amid a second impeachment vote as investors parsed cooler-than-expected inflation data and the start of corporate earnings season. Still modestly lower on the week, the S&P 500 ETF ( SPY ) finished higher by 0.3% today while the Dow Jones Industrial Average ( DIA ) declined by 8 points.

The tech-heavy Nasdaq 100 ( QQQ ) rose 0.7%. Real estate equities were mostly higher today as the broad-based Equity REIT ETF ( VNQ ) finished higher by 1.2% with 13 of 19 property sectors in positive territory while the Mortgage REIT ETF ( REM ) pulled-back by 0.4%. Six of the eleven GICS equity sectors finished higher on the day, led to the upside by the yield-sensitive Utilities ( XLU ) and Commercial Real Estate ( XLK ) sectors as ...