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March 3, 2020, 1:54 p.m. EST

REIT sector the best performer as high dividend yields provides support as Treasury yields tumble

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By Tomi Kilgore

The SPDR Real Estate Select Sector ETF /zigman2/quotes/207325179/composite XLRE -2.87% slipped 0.1%, but was the best performing SPDR sector ETF amid a broader stock market selloff, as the sector's relatively high dividend yield helped provide support as Treasury yields made tumbled toward record lows. The REIT ETF's yield was 3.07%, compared with the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.37% of 2.03%. The 10-year Treasury yield /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y -0.49% dropped 7.4 basis points to a record low of 1.014%, after the Federal Reserve cut its target rate on overnight rates by 50 basis points to 1.00% to 1.25%. Among the SPDR REIT ETF's more-active components, shares of Host Hotels & Resorts Inc. /zigman2/quotes/201760234/composite HST -1.54% sank 4.9%, Ventas Inc. /zigman2/quotes/206376229/composite VTR -5.06% slipped 0.1%, Welltower Inc. /zigman2/quotes/200485564/composite WELL -5.06% hiked up 2.5% and Kimco Realty Corp. /zigman2/quotes/202836571/composite KIM -4.93% climbed 0.5%.

/zigman2/quotes/207325179/composite
US : U.S.: NYSE Arca
$ 33.85
-1.00 -2.87%
Volume: 4.33M
Sept. 23, 2020 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,236.92
-78.65 -2.37%
Volume: 2.45B
Sept. 23, 2020 4:18p
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/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
0.67
-0.0033 -0.49%
Volume: 0.00
Sept. 23, 2020 4:18p
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/zigman2/quotes/201760234/composite
US : U.S.: NYSE
$ 10.24
-0.16 -1.54%
Volume: 9.95M
Sept. 23, 2020 4:03p
P/E Ratio
88.97
Dividend Yield
0.00%
Market Cap
$7.33 billion
Rev. per Employee
$30.02M
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/zigman2/quotes/206376229/composite
US : U.S.: NYSE
$ 39.58
-2.11 -5.06%
Volume: 2.13M
Sept. 23, 2020 3:59p
P/E Ratio
36.19
Dividend Yield
4.55%
Market Cap
$15.55 billion
Rev. per Employee
$7.49M
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/zigman2/quotes/200485564/composite
US : U.S.: NYSE
$ 51.94
-2.77 -5.06%
Volume: 2.07M
Sept. 23, 2020 4:00p
P/E Ratio
70.24
Dividend Yield
4.70%
Market Cap
$22.83 billion
Rev. per Employee
$12.24M
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/zigman2/quotes/202836571/composite
US : U.S.: NYSE
$ 10.79
-0.56 -4.93%
Volume: 3.85M
Sept. 23, 2020 4:02p
P/E Ratio
4.78
Dividend Yield
3.71%
Market Cap
$4.91 billion
Rev. per Employee
$2.16M
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