INVH - Apartment office REITs bounce up on vaccine hopes; home rental REITs fall

With the prospect of a COVID-19 vaccine on the horizon, apartment REITs, especially those with assets in urban markets, recover some of the ground they lost when the pandemic lured apartment renters from cities to single-family homes in less-crowded areas.UDR (UDR), which owns apartments in New York and San Francisco among other cities, climbs 14%. Equity Residential (EQR), with assets in Boston, New York, San Francisco, and Washington, DC,  jumps 17%.Others on the move: AvalonBay Communities ([[AVB]] +10.6%), Essex Property Trust ([[ESS]] +10.6%), and Apartment Investment and Management ([[AIV]] +13.5%).Invitation Homes (INVH) and American Homes 4 Rent ([[AMH]] -6.1%), both of which rent out single-family homes, predictably retreat.Office REIT stocks with city exposure rise even more in today's session — Empire State Realty Trust ([[ESRT]] +24.0%), SL Green ([[SLG]] +31.6%), Boston Properties ([[BXP]] +19.7%), Vornado Realty Trust ([[VNO]] +24.9%), Kilroy Realty ([[KRC]] +15.1%).See how the stock performance of UDR, INVH, and

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Apartment, office REITs bounce up on vaccine hopes; home rental REITs fall