REITs And Utilities Dive As Yields Jump

November 11, 2019 | Hoya Capital

REITs And Utilities Dive As Yields Jump Uncategorized Nov 10 Written By Waning worries on the trajectory of global economic growth sent US equity markets to another week of record highs and Treasury yields surging to four-month highs. Good news is bad news for the long-outperforming defensive and yield-sensitive sectors, including real estate and utilities. REITs dipped more than 3% on the week. Rates up, REITs down? The paradigm that bedeviled real estate investors for much of the past three years showed hints of an unwelcome return this week.

The high-flying homebuilders, which have become increasingly rate-sensitive over the past 18 months, dipped more than 5% while Zillow, Realogy, and Redfin surged double digits. Real estate earnings season was generally better-than-expected with another quarter of strong results from the residential REITs. More than half of REITs raised full-year guidance. To continue reading, click here to visit Seeking Alpha! For an in-depth analysis of all real estate sectors, be sure to check out all of our quarterly reports: Apartments , Homebuilders , Student Housing , Single-Family Rentals , Manufactured Housing , Cell Towers , Healthcare , Industrial , Data Center , Malls , Net Lease , Shopping Centers , Hotels , Office , Storage, Timber , and Real Estate Crowdfunding .

Comments (0) Newest First Oldest First Newest First Most Liked Least Liked Add Comment --> Preview Edit --> Post Comment… Previous Previous Daily Recap: REITs Rally | Stocks Flat | Inflation Cools Next Next Daily Recap: Worries Wane | Yields Climb | REITs Fade