REIT Dividend Hikes • COVID Concern • Homebuilders Lead

November 17, 2021 | Hoya Capital

REIT Dividend Hikes • COVID Concern • Homebuilders Lead Daily Recap Nov 17 Written By Summary U.S. equity markets declined Wednesday on a "risk-off" day following a mixed slate of retail earnings reports and concern over a stalling momentum in the trends of declining COVID cases. Hanging onto modest week-to-date gains, the S&P 500 declined 0.2% today while the Mid-Cap 400 slipped 0.8% and the Small-Cap 600 finished lower by 1.1%.

Real estate equities were among the leaders today as the Equity REIT Index gained 0.3% today with 12-of-19 property sectors in positive territory while Mortgage REITs slipped 0.8%. Realty Income (O) and Kite Realty (KRG) each hiked their dividend for the fourth time this year, two of over 110 REITs that have raised their dividend so far in 2021. Following strong results yesterday from Home Depot, home improvement retailer Lowe’s (LOW) gained after smashing sales estimates and raised its full-year outlook, citing renewed strength in the DIY home improvement segment.

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U.S. equity markets declined Wednesday on a "risk-off" day following a mixed slate of retail earnings reports and concern over a stalling momentum in the trends of declining COVID cases. Hanging onto modest week-to-date gains, the S&P 500 declined 0.2% today while the Mid-Cap 400 slipped 0.8% and the Small-Cap 600 finished lower by 1.1%. Real estate equities were among the leaders today as the Equity REIT Index gained 0.3% today with 12-of-19 property sectors in positive territory while ...