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0 -0.000542299349240866 -0.000542299349240866 -0.000542299349240866 -0.00146420824295016 0 -0.00271149674620394 -0.00569414316702822
Stock impact report

REIT stocks in broad selloff as bond yields rise [MarketWatch]

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: MarketWatch
REIT stocks in broad selloff as bond yields rise Shares of real estate investment trust are selling off in unanimous fashion, as the better-than-expected June jobs data has fueled in a big jump in Treasury yields . The SPDR Real Estate Select Sector ETF XLRE, -0.61% shed 1.0% in midday trading, with all 32 of its equity components losing ground. The REIT ETF (XLRE) tends to act as a bond proxy given its relatively high dividend yield, which means it becomes less attractive to investors when bond prices fall and bond yields rise. The 10-year Treasury yield jumps 10.2 basis points to 2.055% after closing Wednesday at the lowest yield since November 2016. The XLRE's yield is 3.26%, compared with the implied yield for the S&P 500 SPX, -0.25% of 1.93%. Among the XLRE's most-active components, shares of Host Hotels & Resorts Inc. HST, -0.30% declined 0.8%, Weyerhaeuser Co. WY, -1.04% lost 1.3%, HCP Inc. HCP, -0.79% dropped 1.5% and Kimco Realty Co. KIM, +0.24% slipped 0.5% Show less Read more
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