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July 2, 2019, 10:20 a.m. EDT

REIT ETF rallies to lead the S&P 500 sector tracker gainers, boosted by high dividend yielders

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By Tomi Kilgore

The real estate investment trust sector is the best performer of the S&P 500's /zigman2/quotes/210599714/realtime SPX +0.48% 11 key sectors in morning trading Tuesday, as a drop in Treasury yields is helping the high-yielding sector attract buyers. The SPDR Real Estate Select Sector ETF /zigman2/quotes/207325179/composite XLRE -0.57% surged 1.3% with 31 of 32 components gaining ground. The ETF's (XLRE) dividend yield is currently 3.30%, compared with the implied yield for the S&P 500 of 1.94% and the yield on the 10-year Treasury note, which is down 2.4 basis points in morning trading, of 2.01%. The XLRE's biggest gainer is HCP Inc.'s stock which rallied 2.3%; the REIT, which invests primarily in health care assets, has a dividend yield of 4.58%. The XLRE's highest yielder is Macerich Co.'s stock /zigman2/quotes/203054096/composite MAC -5.94% , which has a yield of 9.09% and is rallying 1.8%. Among other more-active components, shares of Host Hotels & Resorts Inc. /zigman2/quotes/201760234/composite HST -0.75% rose 0.7% and yields 4.37%, Ventas Inc. /zigman2/quotes/206376229/composite VTR -4.92% gained 0.8% and yields 4.63% and Iron Mountain Inc. /zigman2/quotes/208929343/composite IRM +0.23% tacked on 1.9% and yields 7.80%. The XLRE has rallied 20.0% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.48% has advanced 18.3%.

/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
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/zigman2/quotes/207325179/composite
US : U.S.: NYSE Arca
$ 34.65
-0.20 -0.57%
Volume: 7.83M
May 29, 2020 4:00p
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/zigman2/quotes/203054096/composite
US : U.S.: NYSE
$ 6.81
-0.43 -5.94%
Volume: 8.73M
May 29, 2020 4:00p
P/E Ratio
6.98
Dividend Yield
20.98%
Market Cap
$1.02 billion
Rev. per Employee
$1.33M
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/zigman2/quotes/201760234/composite
US : U.S.: NYSE
$ 11.94
-0.09 -0.75%
Volume: 17.95M
May 29, 2020 4:00p
P/E Ratio
11.93
Dividend Yield
0.00%
Market Cap
$8.48 billion
Rev. per Employee
$30.02M
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/zigman2/quotes/206376229/composite
US : U.S.: NYSE
$ 34.95
-1.81 -4.92%
Volume: 7.95M
May 29, 2020 4:00p
P/E Ratio
16.71
Dividend Yield
9.07%
Market Cap
$13.71 billion
Rev. per Employee
$7.49M
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/zigman2/quotes/208929343/composite
US : U.S.: NYSE
$ 25.76
+0.06 +0.23%
Volume: 4.24M
May 29, 2020 4:00p
P/E Ratio
24.57
Dividend Yield
9.60%
Market Cap
$7.40 billion
Rev. per Employee
$150,383
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/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
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