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:
Reversing Wednesday’s downtrend, this REIT showed good strength as investors moved back in, showing greater buying interest than it’s seen in many days. Park Hotels & Resorts, a hotel REIT with properties across the U.S., is paying a small 0.31% dividend at this price.
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Host Hotels & Resorts (NYSE: HST) also made a good showing today with a gain of 4.07%:
The chart movement since the 3rd week of June suggests that the 15 price level of support may be holding, at least for now. Host pays a 5.5% dividend. This is the lodging real estate investment trust with significant name properties in Miami, Key Largo, Maui and other spots.
The Real Estate Select Sector SPDR (ARCA: XLRE) ended the day up 0.07%:
Not a spectacular showing for the REIT benchmark ETF but positive, nonetheless. Tracking about 20 components in the sector, it provides a basic picture of overall performance by the group. The Real Estate Select Sector SPDR is paying a dividend of 3.06% at this price.
Not investment advice. For educational purposes only.
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