Special Dividends • Healthcare REIT M&A? • Week Ahead

December 6, 2021 | Hoya Capital

Special Dividends • Healthcare REIT M&A? • Week Ahead Daily Recap Dec 6 Written By Summary U.S. equity markets rebounded Monday following two weeks of declines after preliminary data indicated that the Omicron Covid-19 variant may result in milder symptoms than past variants. Rebounding from declines of 1.2% last week, the S&P 500 gained 1.2% today while the Mid-Cap 400 rallied 2.0% and the Small-Cap 600 advanced 2.4%. Equity REITs rallied another 2% today.

Skilled Nursing REIT CareTrust (CTRE) gained 6% today on reports that the company is "exploring strategic options" including a possible sale. CTRE has been one of the strongest-performing healthcare REITs. We saw another flurry of REIT dividend news this morning following a wave of increases and special dividends last week. Alexandria (ARE) and Essential Properties (EPRT) hiked their regular dividends while Retail Opportunities (ROIC) declared a special dividend. Inflation data highlights the economic calendar in the week ahead, headlined by the Consumer Price Index report on Friday as well as our first look at Consumer Sentiment data for December.

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U.S. equity markets rebounded Monday following two weeks of declines after preliminary data indicated that the Omicron Covid-19 variant may result in milder symptoms than past variants. Rebounding from declines of 1.2% last week, the S&P 500 gained 1.2% today while the Mid-Cap 400 rallied 2.0% and the Small-Cap 600 advanced 2.4%. Real estate equities were broadly higher as well today with the Equity REIT Index gaining 1.8% ...