Dividend Hikes | REIT IPO | Confident Consumers

September 18, 2020 | Hoya Capital

Dividend Hikes | REIT IPO | Confident Consumers Daily Recap Sep 18 Written By Daily Recap U.S. equity markets finished lower Friday, capping-off a choppy week that saw the major indexes finish lower for a third-straight week as hope dims for another round of fiscal stimulus. The S&P 500 slipped 1.3% today to finished lower by roughly 1% on the week. The tech-heavy Nasdaq 100 slipped 1.3% today, also ending the week lower by 1%.

After a strong start to the week, real estate equities were under pressure on Thursday and Friday. Equity REITs finished lower by 2.2% today with all 18 sectors in negative-territory. Consumer Sentiment rebounded more than expected in early September to the highest level since March, but a reacceleration in the coronavirus pandemic in Europe has renewed concerns over a potential "second wave" in the United States. We saw a flurry of dividend announcements over the last week including another pair of dividend hikes from net lease REITs Realty Income (O) and W.P.

Carey (WPC). 28 equity REITs have hiked dividends this year. Real Estate Daily Recap U.S. equity markets finished lower Friday, capping-off a choppy week that saw the major indexes finish lower for a third-straight week as the prospects for another round of fiscal stimulus continue to dim. The S&P 500 ETF ( SPY ) slipped 1.3% today to finished lower by roughly 1% on the week. The tech-heavy Nasdaq 100 ( QQQ ), meanwhile, slipped 1.3% on the day, also ending the week lower by roughly 1%.

After a strong start to the week, real estate equities were under pressure on Thursday and Friday, erasing their weekly gains, as the broad-based Equity REIT ETF ( VNQ ) finished lower by 2.2% today with all 18 property sectors in negative territory. The Mortgage REIT ETF ( REM ) slipped 0.8% today but ended the week higher by 4%. Consumer Sentiment rebounded more than expected ...