FSV:CC - Real Estate Services stocks among the top weekly gainers; healthcare REITs are among the major losers
- Real estate services stocks - eXp World ( EXPI ) and Opendoor Technologies ( OPEN ) are among the top two gainers for the past week in the Real Estate sector.
- EXPI posted a 23.3% gain while OPEN saw a 18.05% increase; with slowing economic growth, the Federal Reserve may slow its pace of rate hike increases or stop earlier than investors had expected which will be a benefit for prospective homebuyers thereby boosting home demand.
- Of the 9 Wall Street Analysts covering the OPEN stock, 3 have a Strong Buy and 3 have a Hold rating; 2 have a Buy rating; SA Contributor Christopher Hoeger recently wrote, "I'm Betting On Opendoor To Cover The Spread"
- Another real estate services stock, FirstService ( FSV ) garnered 6.1% gains.
- Two specialized REITs - Safehold ( SAFE ) and Weyerhaeuser ( WY ) were the other top gainers in the top 5 list with 10.6% and 5.7% respectively.
- Both the stocks have maintained strong dividend yields with WY at forward dividend yield of 2.06% and SAFE at 1.81%.
- WY is targeting a 5% growth in annual base dividend growth by 2025; it provides the following outlook in its latest investor presentation:
For further details see:
Real Estate Services stocks among the top weekly gainers; healthcare REITs are among the major losers