- The 10-year Treasury yield has shot up another six basis points to 1.60% - its highest level since the Brexit vote - but equity REITs instead may be focusing on improving economic conditions as noted by perky retail sales and inflation reports this morning.
- With the major averages flat, a number of REIT sectors are on the move higher. In roughed-up lodging: Sunstone Hotel (SHO +4.2%), Pebblebrook (PEB +3.6%), Summit (INN +1.8%). Senior living: Omega Healthcare (OHI +2.6%), Ventas (VTR +1.5%). Industrial: Stag (STAG +2.6%), Gramercy Property (GPT +1.2%).
Some REITs brush off rising rates
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About SHO Stock
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Symbol | Last Price | % Chg |
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SHO | - | - |
Sunstone Hotel Investors, Inc. |