Real Estate Daily Recap: REITs End Down Week on Positive Note

June 28, 2019 | Hoya Capital

Real Estate Daily Recap: REITs End Down Week on Positive Note Uncategorized Jun 28 Written By The Hoya Capital US REIT Index finished the day higher by 0.6% led by the manufactured housing, industrial, and data center REIT sectors. All REIT sectors besides the cell tower sector were higher on the day. The S&P 500 finished up by 0.6% while the Nasdaq finished higher by 0.1%. The 10-Year yield finished the week flat at 2.00% after hitting the lowest level in more than three years earlier this week.

The Hoya Capital US Housing Index finished the day higher by 1.0% with all eight housing sectors finishing in positive territory. The Housing Industry was led by the Homebuilding Products and Real Estate Technology & Brokerage sectors. Eagle Materials, Zillow, Realogy, and Sleep Number were among the strongest performers on the day. For the week, REITs ended lower by more than 2.5%, dragged down by the cell tower, net lease, and shopping center sectors.

The Hoya Capital US Housing Index finished the week higher by 0.3%, led by the Homebuilding Products and Home Furnishings sectors. Stay tuned for the complete weekly update published tomorrow. For an in-depth analysis of all real estate sectors, be sure to check out all of our quarterly reports: Homebuilders , Apartments , Student Housing , Single Family Rentals , Manufactured Housing , Cell Towers , Healthcare , Industrial , Data Center , Malls , Net Lease , Apartments , Shopping Centers , Hotels , Office , Storage, and Real Estate Crowdfunding .

Disclosure: An investor cannot invest directly in an index and index performance does not reflect the deduction of any fees, expenses or taxes. The information presented does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. We consider the information in this presentation to be accurate, but we do not represent that it is complete. It ...