realestate
US new home sales witnessed a notable decline, contracting by 11.3% in May compared to April, according to the Census Bureau’s latest report on Wednesday. The data revealed that sales were recorded at an annual rate of 619,000 in May. Furthermore, the median house prices experienced a decrease, with homes selling at a median price of $417,400, down from $433,000 the previous month. Given the ongoing concerns of a US recession, as indicated by the CB Consumer Confidence Index.) for the fifth consecutive month, market watchers eagerly awaited the release of the latest figures from the US housing...
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Investment firm KKR has announced the acquisition of a multifamily real estate portfolio valued at approximately $2.1 billion. The portfolio, acquired from a closed-end fund sponsored by developer Quarterra Multifamily, consists of 18 assets spanning across several states in the United States. Diverse portfolio of 5,200 units The recently acquired portfolio includes 5,200 units located in various key markets, including California, Washington, Florida, Texas, Georgia, North Carolina, Colorado, and New Jersey. This strategic acquisition highlights KKR’s confidence in the multifamily sector’s res...
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Realty Income (NYSE: O) stock price has underperformed the market this year. It has retreated by more than 7.4% this year while the S&P 500 and Nasdaq 100 indices have surged to their record highs. Realty Income is one of the most popular dividend companies in Wall Street, thanks to its long track record of generating returns for shareholders. It is a dividend aristocrat that has raised its dividends for 26 years and this trend will likely continue for a long time. The company also has a quality dividend yield of 5.95% and a payout ratio of 73.%, meaning that its free cash flow can cater for i...
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Medical Properties Trust (NYSE: MPW) stock price has erased some of its year-to-date gains as concerns about its business continued. It has crashed by over 24% from its highest point this year, moving into a deep bear market. It was trading at $4.80, its lowest level since May 28th. Short-squeeze slowsMedical Properties Trust has been the most shorted Real Estate Trusts (REIT) this year, with over 36% of its outstanding shares being held by short sellers. The other most shorted companies in the industry are SL Green, Office Properties Trust, and Pebblebrook Hotel Trust. It is easy to explain w...
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A near 30% hit to shares of CoStar Group Inc (NASDAQ: CSGP) spells opportunity to buy a quality name at a discount, says Nicholas Jones – a JMP Securities analyst. CoStar stock could climb to $110 He reiterated his “outperform” rating on the real estate data and analytics firm on Wednesday. Jones announced a price target of $110 for CoStar stock in a research note today that signals potential for a whopping 50% gain from here. The analyst is super bullish on CSGP because he recently had a meeting with the company’s investor relations team that made him more confident in its future prospects. W...
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CBRE Group (NYSE: CBRE) just announced plans of buying Direct Line Global from Guardian Capital Partners. Its shares have been in a downtrend over the past three months and are down another 1.0% on Wednesday morning. What we know about CBRE-Direct Line transactionThe commercial real estate services and investment firm did not disclose terms of its agreement with Direct Line Global including what it has agreed to pay for the acquisition. Direct Line currently employs more than 1,000 technicians for data centre services. Bill Nelligan – its chief executive said in a press release today: The Comp...
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Real Estate Investment Trusts (REITs) are beloved assets among dividend-focused investors. Unlike other companies, these funds are required to distribute most of their income to shareholders each year. Investors can also characterise their distributions as Return on Capital (ROC) instead of income. SREIT and BREIT are private REITsGlobally, REITs have a combined market cap of over $1 trillion, with most of them being in the United States. The biggest of these funds are companies like Prologis, American Tower, Equinix, Welltower, and Simon Property Group. A relatively new class of REITS has com...
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Starwood Property Trust (NYSE: STWD) stock price has underperformed the broader market as concerns about its income and high interest rates continue. Its total return has dropped by 0.50% this year while the S&P 500 index has jumped by 11.30%. Starwood Property TrustStarwood Property Trust is a leading REIT that originates, acquires, finances, and manages mortgage loans in the US, Europe, and Australia. It has four key segments, including commercial and residential lending, infrastructure lending, real estate property, and real estate investing and servicing. Starwood Property Trust has come i...
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W. P. Carey (NYSE: WPC) stock price has underperformed its peer group in the past 12 months as concerns about its transformation remains. It has crashed by about 7% in this period while the Vanguard Real Estate ETF (VNQ) has jumped by over 11%. The same performance has happened in the past five years, as shown below. VNQ vs WPC five-year performance Why WPC is underperformingThere are two main reasons why the W. P. Carey stock price has underperformed the market in the past few years. First, the company transformation has taken longer-than-expected to generate the desired results. One of its f...
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They say that one of life’s never-ending quests is the search for good real estate, and that certainly seems true of investors. Having a stake in an appreciating, high-value property can round out your investing portfolio in ways that trendier, noisier stocks like big tech cannot, for all their volatility. A good real estate investment is like a building itself – sturdy and secure, growing over time. Here are the top performing five real estate stocks to consider in May 2024, in our opinion: UMH Properties (UMH)Grainger PLCSobha LtdCushman & WakefieldGodrej Properties Ltd1. UMH Properties UMH ...
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