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0.00047835446065542 0.000239177230327625 0.000717531690983046 0.00047835446065542 0.00191341784262134 0.00047835446065542 0.00191341784262134 0.00334848122458743
Stock impact report

3 REITs to Pick as the Fed Indicates 3 Rate Cuts in 2024 [Yahoo! Finance]

Host Hotels & Resorts, Inc. (HST) 
Last host hotels & resorts, inc. earnings: 2/19 04:31 pm Check Earnings Report
US:NYSE Investor Relations: hosthotels.com
Company Research Source: Yahoo! Finance
Specifically, the Fed officials' median projections for the federal funds rate by the end of December 2024 have been kept unchanged at 4.6%. For 2025, the Fed now expects the interest rate to fall three-quarters of a percentage point, which is less than the one percentage point guided earlier. With another spate of reductions in 2026, the median projection for the federal funds rate by the end of December 2026 is pegged at 3.1%, while the long-run outlook is pegged at 2.6%. Any rate cut, even a slight one, is good news for the rate-sensitive REIT industry. This is because REITs' dependence on debt for business keeps investors optimistic about their performances in a rate-cut environment as the companies benefit from lower borrowing costs. Moreover, low interest rates contribute to higher valuations. Also, their dividend yield grabs investors' attention more than yields on fixed-income and money market accounts in times like these. Apart from making this indication for three rate Show less Read more
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