Seeking Alpha

REITs enjoy slide in interest rates

  • The broad averages are struggling following the jobs number, but the big decline in interest rates (the 10-year Treasury is now off 10 bps to 2.87%) has the equity REIT sector lit up bright green.
  • Ventas (VTR +4.4%) is having the biggest day, continuing to cruise through a couple of early-year downgrades (latest was Barclays on Wednesday). Among those also higher: National Retail Properties (NNN +3.1%), Realty Income (O +1.6%), Health Care REIT (HCN +2.5%), HCP (HCP +3.8%), RAIT Finanical (RAS +1.4%), Apartment Investment (AIV +2.9%), General Growth (GGP +1.6%), Inland Real Estate (IRC +1.5%), Government Properties (GOV +1.6%), American Campus (ACC +1.7%).
  • Relevant ETFs: IYR, VNQ, REM, DRN, REZ, URE, SRS, RWR, ICF, SCHH, DRV, ROOF, KBWY, RTL, REK, FRI, FTY, PSR, FNIO, WREI
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Comments (3)
  • go-4-it
    , contributor
    Comments (1465) | Send Message
     
    about time for HCP to go up, tiring to watch treading downward for so long. Still have a ways to go for breakeven, but, at least pointed in the right direction.
    10 Jan 2014, 08:20 PM Reply Like
  • Riskman
    , contributor
    Comments (167) | Send Message
     
    TA is doing well too, Maybe the orginal rent can roll back in?
    11 Jan 2014, 12:05 AM Reply Like
  • Javimanic
    , contributor
    Comments (261) | Send Message
     
    not OHI today??
    11 Jan 2014, 12:10 AM Reply Like
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