REIT Benchmark ETFs Find Support As Regional Bank Stocks Dive
Real estate investment trusts (REITs) stopped heading lower Monday as indicated by the closing prices of the benchmark REIT exchange-traded funds (ETFs).
How The REIT ETF Benchmarks Reacted To Fed’s 0.25% Rate Hike
All in all, it was a good week for price action in the rate-sensitive real estate investment trust (REIT) sector.
Worries that the Federal Reserve might take interest rates higher than expected evaporated when it announced a 0.25% hike rather than a 0.5% hike. The REIT exchange-traded funds (ETFs) reached four-month highs.
The 2 REIT Benchmark ETFs End 2022 Down By More Than 25%
Real estate investment trusts (REITs) were deeply affected by the Federal Reserve’s actions in 2022, which led to higher interest rates. Even as investors anticipated an eventual lowering later in 2023 or at least by 2024, sellers remained in control of REIT shares all year.
REITs Continue To Rally On Greater-Than-Expected Inflationary Data
The major real estate investment trusts (REITs) started to rally after the Oct. 13, 2022, consumer price index report from the U. S. Bureau of Labor Statistics, despite the slightly hotter-than-expected September inflation number of 8.2% year-over-year figure versus the expected 8.1% year-over-year. The previous month had come in at 8.3%.
REITs Await Consumer Price Index Report Coming On Oct. 13
The release on Oct. 13 of the consumer price index report (CPI) from the U. S. Bureau of Labor Statistics is a big deal for real estate investment trusts (REITs).
Major REITs End 2022’s 3rd Quarter With Losses
Interest rate hikes resulted in third-quarter losses for most real estate investment trusts (REITs).
With the Federal Reserve taking short-term rates up by 0.75% and 30-year fixed mortgage rates nearing 7%, REITs headed down in price. The expectation that even higher rates are on the way is not helping.
Diamondback Energy Got Mentioned On CNBC Fast Money With Investors Choosing These Final Trades
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11 Stocks Moved By Traders on ‘Fast Money: Halftime Report’
CNBC’s "Fast Money: Halftime Report" delivers market-moving news to investors.
Mike Khouw’s IYR And XLU Options Trades
On CNBC's "Options Action," Mike Khouw said there is some rationale for why people are chasing iShares US Real Estate ETF (NYSE: IYR) at pretty heavy valuations.
iShares U.S. Real Estate ETF’s Unusual Options Activity
iShares U.S. Real Estate ETF (NYSE:IYR) shares experienced unusual options activity on Monday. The stock price moved up to $107.14 following the option alert.