Sept. 14, 2018 8:45 p.m. ET
What are the undervalued REITs?
Analyst, Credit Suisse
“Our August survey data show a continuation of the favorable supply and demand dynamics for the single-family rental sector. This backdrop will support high levels of occupancy and allow for continued rent growth. We reiterate our Outperform ratings on Invitation Homesand Front Yard Residential as our preferred names in the sector.”
Jennifer M. Fritzsche
Analyst, Wells Fargo Securities
“Compared to its broader real estate investment trust peers, Outperform-rated Digital Realty Trusttrades at a notable discount to sectors including industrials, residential, and office. Outperform-rated InterXion Holdingcurrently trades below its peer average, despite our expectation for a superior growth outlook.
Last Week Blue Skies for Stocks
Stocks rose on the week as trade concerns eased. The August consumer price index rose 0.1%, below the consensus, with core inflation up 2.2% from a year earlier. Turkey’s central bank defied the Erdogan government and raised rates. Bitcoin, however, continued to fall, ending the week at $6,538. The Dow Jones industrials finished the week up 0.92%, to 26,154.67; the S&P 500 rose 1.2% to 2904.98; and the Nasdaq Composite ticked up 1.36%, to 8010.04.
Trade talks with Canada continued, as time grows short for the current Congress to be able to vote on