Our Outlook for Real Estate Stocks
In their search for a sustainable yield, investors have bid up real estate stocks.
Lured by sustainable cash yields and a slowly improving U.S. economic picture, investors bid up real estate stocks across industries, giving brief pause when eurozone concerns came to a head. As capital market stability returned toward the end of the quarter, it appears that real estate stocks, in aggregate will likely finish at a slight premium, in aggregate, to our estimate of fair value.
Jason Ren does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.