Leading And Lagging Sectors For October 12, 2022
Gainers
Symbol
Name
Price
Change ($)
Change (%)
Volume
REITS Slightly Under Performing Year-To-Date Compared To S&P 500
In general, real estate investment trusts (REITs) are failing to beat the market as a whole so far this year.
Six REITs in Price Uptrends From January To Now
The benchmark real estate investment trust (REIT) ETF — the Real Estate Select Sector SPDR Fund (NYSEARCA: XLRE) — is lower than it was at the beginning of January, lodging it firmly in a downtrend. The XLRE, as it’s known, started the year at $51 and today goes for $44.99. That’s an 11.8% loss if you had picked up the basket of REITs in the fund.
The Real Estate Select Sector SPDR Fund: A Trend Analysis On The Benchmark REIT ETF
The benchmark measure for publicly traded real estate investment trusts (REITs) is the Real Estate Select Sector SPDR Fund (NYSEARCA: XLRE). Take a look at how it’s fallen this year, mostly in April and May:
REITs Friday At The Close – Biggest Gainer And Loser
The major REITs traded mostly lower on Friday with a few exceptions. Ahead of the weekend, the units are re-pricing the effects of a strong jobs report which suggests more definitely the likelihood of the Fed raising interest rates, perhaps more than expected.
REITs Showing Strong Gains At Thursday Close
The major real estate investment trusts followed the general market higher Thursday and most closed in the green. There were two outstanding performers today closing more than 4% higher each.
Park Hotels and Resorts (NYSE: PK) climbed a solid 5.81% on very heavy buying volume:
REITs Wednesday Action: Benchmark ETF and Park Hotels Take a Hit
Most of the major real estate investment trusts (REITs) closed in the red Wednesday as the Federal Open Market Committee minutes became available. The hawkish tone of those minutes apparently makes it tough on dividend payers like REITs.
The Real Estate Select SPDR FUND (XLRE) ETF ended off by 0.07%:
REIT’s Wednesday At The Close: Medical Properties Up, Host Hotels Down
Real estate investment trusts traded generally lower Wednesday with the benchmark Real Estate Select Sector SPDR Fund (NYSEArca: XLRE) giving back 0.63%:
REIT ETF Moves Higher: Also, Medical Properties Trust Up 1.37%, Host Hotels Off By 2.87%
The real estate investment trust benchmark ETF closed strongly today with an advance of 1.99%, its 3rd straight day of gains:
JP Morgan Analyst Lowers Price Targets On These 4 Popular REITs As Recession Fears Rise
JPMorgan Chase & Co. (NYSE: JPM) is slashing price targets on four popular real estate investment trusts (REITs) as recession fears continue to weigh heavily on the market.