iREIT Daily

Some Bullish Moves Worth Mentioning in a Bearish Market

Brad Thomas

467 postsMay 24, 2022

May has been another anemic month for every equity index from Nasdaq to the Dow. As a few too many Q1 earnings reports miss their marks, each day seems to bring more uncertainty, underperformance, and incremental losses.

And as the tickers slant down, many wonder where the bottom will be.

Honestly, it’s too early to tell, no matter what others want to tell you. With continuing runaway inflation, soaring gas prices, and labor scarcities, the economy could get worse still before it rights itself.

But believe it or not, those three negatives aren’t the focus of today’s article. Instead, I want to point out that yesterday, as we collectively powered through the perils and procedures of a Monday morning, stocks didn’t drop.

From The Wall Street Journal:

“U.S. stocks rose, led by the financial sector, as the S&P 500 pushed away from bear market territory after flirting with such levels in a volatile trading session Friday.
“The broad-market benchmark was up about 1.8% on Monday afternoon. At one point Friday, the S&P 500 slid so far it was on track to close at least 20% below its January peak – what would have been considered a bear market – before regaining ground. The Dow Jones Industrial Average rose 2.1%, or more than 600 points, while the tech-focused Nasdaq Composite Index was up 1.4%.”

Last year, numbers like these would’ve done little to move the needle in terms of notability. But these days, a spike like this spells the difference between being in a bear market and sitting at the brink.

Was the rally enough to repress our recent stock retreat? Today’s market action seems to say no. But there is some silver linings to look at anyway.

Consider, for one, how the financial sector fared well yesterday, rising about 3.7% overall. JPMorgan Chase (JPM) ascended around 7% for its part after painting a better picture of economic prospects on Monday. And as we know, a rising tide in the banking world elevates other industries.

Other big winners from yesterday included:

Retail outlet Ross (ROSS) – up 10%
Tractor giant (John) Deere (DE) – up nearly 7%
Caterpillar (CAT) – up nearly 4%.

And mark my words…. Even on their bad days, there are other stocks out there that are worth buying into and holding. You just have to know where to look.

More Non-REIT News to Know About

This month, we’ve reported on a number of organizations officially removing themselves from the Russian equation. It seems like a new blue-chip backs out of the Putin-led republic each week, closing shop in light of the Ukrainian invasion.

And now another giant officially announced its exit.

Starbucks (SBUX) – a company I mention quite often elsewhere, though mainly because I’m addicted to it – said yesterday that it plans to go from suspending its Russian businesses to closing shop altogether. This ends a 15-year presence in the country.

Naturally, that will affect all 130 of its stores there. Fortunately for the nearly 2,000 employees who work there though, they’ll continue to be paid for six months and can also get assistance in finding new employment opportunities.

Like I said about the McDonald’s (MCD) exit – and setting everything else aside – this is a real blow to global capitalism and geopolitical relations. What Russia will look like at the end of all this, I can’t venture to guess.

I hate to keep being so vague about what the future holds, but I’d rather be honest than lead you down a wrong road. So, since I don’t have a crystal ball, I’m just going to have to wonder with the rest of you about such things.

The World According to REITs

The 22nd Annual B. Riley Institutional Investor Conference in Beverly Hills is attracting attention from all over the real estate investment trust (REIT) world this week.

With a history of bringing together some of the top minds across multiple capital markets, this premier industry event is a great way to learn about strategic, operational, and financial successes.

From the release:

“After a two-year hiatus due to the pandemic, I’m thrilled that B. Riley Securities will once again be hosting our Annual Institutional Investor Conference, connecting institutional investors with proprietary middle-market management teams – and bringing together our clients, partners, colleagues and friends all in the same forum.
“‘Our 2022 conference comes after an extraordinary two years for B. Riley Securities where, despite the pandemic, we grew our equity capital markets franchise by more than seven times and took our fixed income business to over two billion dollars of new issuance annually. Our client base has never been larger, and we look forward to connecting with those who have entrusted us during these unprecedented times,’ said Andy Moore, chief executive officer of B. Riley Securities…”

Held Wednesday and Thursday, the event will feature executives from companies such as:

Diversified Healthcare Trust (DHC)
Office Properties Income Trust (OPI)
Service Properties Trust (SVC)
Industrial Properties Trust (ILPT)

If you’re in the area, this could make for an interesting event full of insight from top REIT investors. And even if you’re not, I’ll be keeping an ear out for the big announcements, ideas, and other exciting news.

So stay tuned!

Happy Investing

Brad Thomas

467 posts

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Brad Thomas is Senior Research Analyst at iREIT and CEO of Wide Moat Research LLC. With over 30 years of real estate experience, he is also long-time Editor of Forbes Real Estate Investor, a monthly subscription-based newsletter that dives deep into the vast world of profitable properties, and since 2021, he has served as an adjunct professor at New York University.

Thomas has also been featured on or in Forbes magazine, Kiplinger's, U.S. News and World Report, Money, NPR, Institutional Investor, GlobeStreet, CNN, Newsmax, and Fox. And he was the #1 contributing analyst on Seeking Alpha in 2014, 2015, 2016, 2017, 2018, 2019, 2020 and 2021 based on both page views and number of followers.

Thomas is the recently-published author of The Intelligent REIT Investor Guide (2021), co-author of The Intelligent REIT Investor (2016), and he wrote The Trump Factor: Unlocking The Secrets Behind The Trump Empire (2016) - all available on Amazon.

Thomas received a bachelor of science in business/economics from Presbyterian College and is married with five wonderful kids.

The Social Media Company That “Snapped” the Markets

REIT Mutual Fund	Symbol
Alpine Realty Income and Growth Fund	AIGYX, AIAGX
American Century Real Estate Fund	REAIX, REACX, AREEX, AREWX, ARYCX, AREDX
Real Estate Securities Fund	MRESX
AR Capital Real Estate Income Fund	ARIAX, ARICX, ARIPX
AssetMark Real Estate Securities Fund	AFREX
Aston/Harrison Street Real Estate Fund	AARIX, ARFCX
Baron Real Estate Fund	BREIX, BREFX
BlackRock Real Estate Securities	BIREX, BAREX, BCREX
Brookfield U.S. Listed Real Estate Fund	BRUAX, BRUCX, BRUIX, BRUYX
CGM Realty Fund	CGMRX
West Loop Realty Fund	REIIX, REIAX, REICX
Cohen & Steers Institutional Realty Shares	CSRIX
Cohen & Steers Realty Income Fund	CSEIX, CSDIX, CSBIX, CSCIX
Cohen & Steers Realty Shares	CSRSX
Columbia Real Estate Equity Fund	CREAX, CREIX, CRRVX, CRERX, CREEX, CRRFX, CREWX, CRECX, CREBX
Compass EMP REC Enhanced Volatility Weighted Fund	CWRAX, CWRIX, CWRTX, CWRCX
Davis Real Estate Fund	RPFRX, DREYX, DRECX, DREBX
Delaware Real Estate Investment Trust Portfolio II	DPRTX, DPRBX
Delaware Real Estate Investment Trust Portfolio	DPREX, DPRSX, DPRRX, DPRCX
DFA Real Estate Securities Portfolio	DFREX
Dunham Real Estate Stock Fund	DAREX, DNREX, DCREX
DWS RREEF Real Estate Securities Fund	RRRRX, RRREX, RRRAX, RRRSX, RRRBX, RRRCX
DWS RREEF Real Estate Securities Income Fund	REFAX, REFCX, REFIX, REFSX
Eaton Vance Real Estate Fund	EAREX, EIREX
EII Realty Securities Fund	EIIRX
Fidelity Advisor Real Estate Fund	FHEIX, FHEAX, FHETX, FHECX, FHEBX
Fidelity Advisor Real Estate Income Fund	FRIRX, FRIQX, FRINX, FRIOX
Fidelity Real Estate Income Fund	FRIFX
Fidelity Real Estate Investment Portfolio	FRESX
Fidelity Spartan Real Estate Index Fund	FSRNX, FRXIX, FSRVX
Fidelity Series Real Estate Equity Fund	FREDX, FREFX
Fidelity Series Real Estate Income Fund	FSREX, FSRWX
Forward Real Estate Long/Short Fund	KSRYX, FRLSX, FFSRX, KSRAX, KSRCX, KSRBX
Forward Real Estate Fund	FPREX, FFREX, KREAX, KRECX
Forward Select Income Fund	KIFYX, FSIMX, FFSLX, KIFAX, KIFBX, KIFCX
Franklin Real Estate Securities Fund	FREEX, FRLAX, FRRSX, FSERX
GMO Real Estate Fund	GMORX
Goldman Sachs Real Estate Securities Fund	GREIX, GRETX, GREAX, GRESX, GRERX, GREBX, GRECX
Great-West Real Estate Fund	MXREX
Heitman REIT Fund	OARTX, OBRTX
ING Real Estate Fund	CRARX, IREWX, IDROX, CLARX, CRWRX, CRCRX, CRBCX
INVESCO Real Estate Fund	REINX, IARFX, IARIX, IARYX, IARAX, IARRX, IARCX, AARBX
Ivy Real Estate Securities Fund	IRSAX, IREIX, IRSYX, IRSRX, IREEX, IRSCX, IRSBX
John Hancock Real Estate Securities Fund	JIREX
Johnson Realty Fund	JRLTX
J.P.Morgan Realty Income Fund	URTLX, JRIRX, URTAX, URTBX, URTCX
J.P. Morgan Security Capital U.S. Core Real Estate Securities Fund	CEEAX, CEERX, CEEFX, CEESX, CEECX
J.P. Morgan U.S. Real Estate Fund	SUSIX
Lazard U.S. Realty Equity Portfolio	LREIX, LREOX
Lazard U.S. Realty Income Portfolio	LRIIX, LRIOX
Manning & Napier Real Estate Series	MNRIX, MNREX
Morgan Stanley Institutional U.S. Real Estate Portfolio	MSUSX, MUSDX, MSULX, MURSX
Natixis AEW Real Estate Fund	NRFAX, NRFYX, NRFBX, NRFCX, NRFNX
Neuberger Berman Real Estate Fund	NBRIX, NBRFX, NREAX, NRERX, NRECX, NRREX
Nuveen Real Estate Securities Fund	FREAX, FARCX, FRSSX, FREBX, FRLCX, FREGX
Oppenheimer Real Estate Fund	OREAX, OREIX, OREYX, ORENX, OREBX, ORECX
PHOCAS Real Estate Fund	PHREX
PIMCO RealEstateRealReturn Strategy Fund	PRRSX, PETPX, PETAX, PETDX, PETCX, PETBX
Pioneer Real Estate Shares	PWREX, PYREX, PCREX, PBREX
Principal Real Estate Securities Fund	PIREX, PIRPX, PREPX, PRETX, PREJX, PRRAX, PRERX, PRENX, PRAEX, PRCEX, PRLEX
ProFunds Real Estate UltraSector ProFund	REPIX
Prudential Select Real Estate Fund	SREAX
Prudential U.S. Real Estate Fund	PJEAX, PJEZX, PJECX, PJEBX
REMS Real Estate Income 50/50 Portfolio	RREIX
REMS Real Estate Value-Opportunity Fund	HLRRX, HLPPX
Rydex Real Estate Fund	RYREX, RYHRX, RYCRX
SA Real Estate Securities Fund	SAREX
SEI Institutional Mgd Real Estate Fund	SETAX, SEIRX
Spirit of America Real Estate Income & Growth Fund	SOAAX
SSgA Clarion Real Estate Fund	SSREX
Stratton Real Estate Fund	STMDX
T.Rowe Price Real Estate Fund	TRREX, PAREX
TIAA-CREF Real Estate Securities Fund	TIREX, TRRPX, TRRSX, TCREX
Vanguard REIT Index Fund	VGSNX, VGRSX, VGSLX, VGSIX
Virtus Real Estate Securities Fund	PHRAX, PHRIX, PHRCX, PHRBX

REIT ETF	Symbol
Flex Shares	ASET
Wisdom Tree Global Ex-US	DRW
S&P 500 Equal Weight	EWRE
iShares FTSE Industrial/Office	FNIO
MSCI Real Estate Index	FREL
S&P REIT Index	FRI
First Trust S&P REIT	FRI
iShares Real Estate 50	FTY
Flexshares Global	GQRE
iShares Cohen & Streers	ICF
iShares International Developed RE	IFGL
iShares US RE	IYR
Premium Yield Equity REIT	KBWY
ETRACS Monthly Pay 2x Leverage	MORL
Market Vector Mortgage	MORT
iShares Global REIT	REET
iShares FTSE Mortgage	REM
iShares Residential	REZ
IQ US Real Estate Small Cap	ROOF
iShares FTSE NAREIT Retail	RTL
DOW Jones Global RE	RWO
SPDR Dow Jones	RWR
Schwab US REIT	SCHH
Super Dividend REIT	SRET
ProShares Ultra RE	URE
Vanguard REIT	VNQ
Vanguard Global ex-US	VNQI
iShares International Developed	WPS
Wilshire US REIT	WREI
Pacer Benchmark Data & Infrastructure RE	SRVR
Pacer Benchmark Industrial RE	INDS
Pacer Benchmark Retail RE	RTL
Hoya Capital Housing	HOMZ
NetLease Corporate RE	NETL

REIT Name	Ticker	Annual Increases/yr
Federal Realty	FRT	51
Universal Health Realty	UHT	33
National Retail Properties	NNN	29
Realty Income	O	27
Tanger Outlets	SKT	26
Urstadt Biddle	UBA	25
Essex Property Trust	ESS	25
W.P.Carey	WPC	22
National Health Investors	NHI	17
Equity Lifestyle	ELS	15
Digital Realty	DLR	15

Some Bullish Moves Worth Mentioning in a Bearish Market

Brad Thomas

467 postsMay 24, 2022

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Some Bullish Moves Worth Mentioning in a Bearish Market

467 postsMay 24, 2022

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