• Facebook Social Icon
  • Twitter Social Icon
  • LinkedIn Social Icon

Hoya Capital Real Estate, LLC

Invest@HoyaCapital.com

(833) HOYA-CAP

Hoya Capital Real Estate ("Hoya Capital") is an SEC-registered investment advisory firm that provides investment management services to ETFs, individuals, and institutions, focusing on portfolio and index management of publicly traded securities in the real estate industry. Nothing on this site is intended to be investment advice or an offer to buy or sell securities. The risks of investing in real estate securities are similar to those associated with direct investments in real estate, including falling property values, lack of liquidity, limited diversification, and sensitivity to certain economic factors such as interest rate changes and market recessions. No representation or warranty is made as to the efficacy of any particular strategy or fund, or the actual returns that may be achieved. An investor cannot invest directly in an index and index performance does not reflect the deduction of any fees, expenses or taxes. Data quoted represents past performance, which is no guarantee of future results. The views and opinions in the preceding commentary are as of the date of publication and are subject to change without notice. The information presented does not reflect the performance of any fund or other account managed or serviced by Hoya Capital, and there is no guarantee that investors will experience the type of performance reflected. There is no guarantee that any historical trend illustrated herein will be repeated in the future, and there is no way to predict precisely when such a trend will begin. There is no guarantee that any trend cited in this market commentary will be realized. This material represents an assessment of the market environment at a specific point in time, should not be relied upon as investment advice, is not intended to predict or depict performance of any investment and does not constitute a recommendation or an offer for a particular security. We consider the information in this presentation to be accurate, but we do not represent that it is complete. It should not be relied upon as investment advice or as the sole source of suitability for investment. Please consult with your investment, tax or legal adviser regarding your individual circumstances before investing.

Additional Disclosure & Privacy Policy

Seeking-Alpha-Logo.png

The Easy Way To Invest In Real Estate

Economics, Housing, & Commercial Real Estate Analysis

Keepin' It Real 

Apartment REITs
Homebuilders 1.png
Data Center REITs
Mall REITs
Net Lease REITs
Housing100logo.png
  • Alex Pettee, CFA

Daily Recap: REITs Gain | Stocks Flat | Home Sales Jump

On a relatively quite day following the closely-watched Federal Reserve rate cut announcement yesterday, the S&P 500 ETF (SPY) finished roughly flat on the day, climbing less than 0.1 while the Nasdaq ETF (QQQ) finished higher by 0.2%. Adding to it's 2% gains so far this week,, the broad-based REIT ETF (VNQ) finished slightly higher, gaining 0.2% on the day. The single family rental, cell tower, and data center REIT sectors were the relative outperformers on the day while the mall, hotel, and apartment REIT sectors were the relative laggards.

The Hoya Capital Housing Index, the benchmark that tracks the performance of the US housing industry, finished the day fractionally lower, led to the upside by the Real Estate Insurance and Real Estate Brokerage and Technology sectors. Top individual performers on the day included Realogy (RLGY), Re/Max (RMAX), Radian (RDN), and Invitation Homes (INVH).

The strong week for housing data continued with better-than-expected existing home sales data. While homebuilder earnings results and most other forward-looking metrics have indicated for some time that a housing market recovery is on tap for 2H19, the slower-reacting home sales data had been stubbornly slow to reflect these improved conditions. Well, patience is a virtue, as the pickup in single-family housing market activity is finally being reflected in the sales data. Existing home sales data beat estimates, recording its second straight year-over-year increase in sales following nearly a year-and-a-half of year-over-year declines. Existing sales rose by a seasonally-adjusted annualized rate of 2.6% from last year.

With gains of 25% so far this year, the broad-based REIT ETFs (VNQ and IYR) continue to outperform the S&P 500, which has climbed roughly 20%. The US Housing sector has climbed roughly 27% this year led by the 49% surge in Homebuilders (ITB) and strong gains from the Home Furnishings and Homebuilding Products & Materials sectors. At 1.77%, the 10-year yield has retreated by 91 basis points since the start of the year and is roughly 145 basis points below peak levels of 2018 around 3.25%.

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.


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 should not be relied upon as the sole source of suitability for investment. Please consult with your investment, tax or legal adviser regarding your individual circumstances before investing. Visit our website for a complete definition of all indexes cited in this report. Investing involves risk and loss of principal is possible.


Hotel REITs
Single Family Rental REITs
Mobile Home REITs
Healthcare REITs
prison REITs overview.png