“Right now there is a feeling of fear in the marketplace,” one analyst says.
Sourced through Scoop.it from: www.nbcnews.com
All REIT sectors — even self-storage and data center, which have sported huge returns over the past few weeks — underperformed last week. Only 11 out of 175 stocks we follow had positive returns. Healthcare dropped the least. Lodging dropped more moderately than other sectors but has been the worst-performing sector overall in August so far.
REIT stocks, which had been on track for a gradual comeback, have yet again done poorly, with a median drop of 2.5 percent for the 175 stocks. The week before last, REIT stocks had performed positively — up 1 percent. The selloff was widespread as the S&P 500 dropped almost 6 percent without specifically targeting the REIT sector. Buying time?
