Shares of real estate investment trusts rallied Wednesday, as the drop in the 10-year Treasury note yield to a 2 1/2-year low helped make high dividend yielders more attractive. The SPDR Real Estate Select Sector ETF /zigman2/quotes/207325179/composite XLRE -0.91% hiked up 1.3%, to lead all of the S&P 500's /zigman2/quotes/210599714/realtime SPX -0.38% 11 sectors higher. Of the REIT ETF's (XLRE) 32 components, 31 traded higher. Among the XLRE's more-active components, shares of Host Hotels & Resorts Inc. /zigman2/quotes/201760234/composite HST -2.59% rose 1.3%, Weyerhaeuser Co. /zigman2/quotes/200438029/composite WY -2.33% gained 1.2%, Kimco Realty Corp. /zigman2/quotes/202836571/composite KIM -2.02% tacked on 0.9%, Ventas Inc. /zigman2/quotes/206376229/composite VTR -2.58% added 2.2% and American Tower REIT /zigman2/quotes/200890312/composite AMT -0.33% climbed 2.2%. Of the XLRE's highest yielders, Macerich Co.'s stock /zigman2/quotes/203054096/composite MAC -3.19% yields 9.03% and slipped 0.1% after gaining 2.4% on Tuesday; and Iron Mountain Inc. shares /zigman2/quotes/208929343/composite IRM -1.41% gained 0.9% and yields 7.68%, after surging 2.9% on Tuesday. The XLRE's implied dividend yield is 3.24%, compared with the S&P 500's yield of 1.92%. The yield on the 10-year Treasury note fell 2.4 basis points to 1.952%, on track for the lowest close since November 2016.