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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 +1.00% 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 +0.08% 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 /zigman2/quotes/205497622/composite HCP +0.16% 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 -0.87% , 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 +0.61% rose 0.7% and yields 4.37%, Ventas Inc. /zigman2/quotes/206376229/composite VTR -0.56% gained 0.8% and yields 4.63% and Iron Mountain Inc. /zigman2/quotes/208929343/composite IRM +0.89% 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 +1.00% has advanced 18.3%.

/zigman2/quotes/210599714/realtime
US : S&P US
2,995.68
+29.53 +1.00%
Volume: 1.66B
Oct. 15, 2019 4:20p
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/zigman2/quotes/207325179/composite
US : U.S.: NYSE Arca
$ 39.32
+0.03 +0.08%
Volume: 3.09M
Oct. 15, 2019 4:10p
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/zigman2/quotes/205497622/composite
US : U.S.: NYSE
$ 36.71
+0.06 +0.16%
Volume: 2.31M
Oct. 15, 2019 4:10p
P/E Ratio
18.02
Dividend Yield
4.03%
Market Cap
$18.00 billion
Rev. per Employee
$9.19M
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/zigman2/quotes/203054096/composite
US : U.S.: NYSE
$ 27.39
-0.24 -0.87%
Volume: 2.24M
Oct. 15, 2019 4:10p
P/E Ratio
36.69
Dividend Yield
10.95%
Market Cap
$3.90 billion
Rev. per Employee
$1.33M
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/zigman2/quotes/201760234/composite
US : U.S.: NYSE
$ 16.41
+0.10 +0.61%
Volume: 4.84M
Oct. 15, 2019 4:10p
P/E Ratio
11.08
Dividend Yield
4.88%
Market Cap
$11.90 billion
Rev. per Employee
$30.02M
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/zigman2/quotes/206376229/composite
US : U.S.: NYSE
$ 72.24
-0.41 -0.56%
Volume: 1.80M
Oct. 15, 2019 4:10p
P/E Ratio
52.29
Dividend Yield
4.39%
Market Cap
$27.07 billion
Rev. per Employee
$7.49M
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/zigman2/quotes/208929343/composite
US : U.S.: NYSE
$ 32.79
+0.29 +0.89%
Volume: 1.24M
Oct. 15, 2019 4:10p
P/E Ratio
32.26
Dividend Yield
7.45%
Market Cap
$9.33 billion
Rev. per Employee
$150,383
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/zigman2/quotes/210599714/realtime
US : S&P US
2,995.68
+29.53 +1.00%
Volume: 1.66B
Oct. 15, 2019 4:20p
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