Shares of some REITs are trading higher amid a drop in Treasury yields.
Portfolio Pulse from Benzinga Newsdesk
Shares of some REITs are trading higher amid a drop in Treasury yields.
August 02, 2024 | 7:36 pm
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POSITIVE IMPACT
American Tower Corporation (AMT) shares are trading higher due to a drop in Treasury yields.
Lower Treasury yields make REITs more attractive due to their higher dividend yields, leading to increased demand for AMT shares.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Equity LifeStyle Properties (ELS) shares are trading higher amid a drop in Treasury yields.
The decline in Treasury yields enhances the appeal of REITs like ELS, which offer higher dividend yields, driving up their stock prices.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Extra Space Storage (EXR) shares are trading higher due to a drop in Treasury yields.
Falling Treasury yields make REITs like EXR more attractive to investors seeking higher returns, leading to a rise in their stock prices.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Public Storage (PSA) shares are trading higher amid a drop in Treasury yields.
The decrease in Treasury yields increases the attractiveness of REITs like PSA, which offer higher dividend yields, resulting in higher stock prices.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70