DHC - REITs get a premarket boost from COVID-19 vaccine news
REITs that suffered the most from the pandemic are getting another boost with the news that another COVID-19 vaccine candidate will be submitted for emergency use authorization in the coming weeks.On a broad scale, the Vanguard Real Estate ETF (VNQ) gains 1.9% in premarket trading.Shopping center and mall names move up: Simon Property Group (SPG) +6.2%; Kimco (KIM), +4.8%, Pennsylvania REIT (PEI), +2.3%%; EPR Properties (EPR), landlord to many movie theaters, +5.4%; Washington Prime (WPG), +4.8%.Senior housing REITs: Diversified Healthcare (DHC) +4.2%; New Senior Investment (SNR) +5.1%.Office REITs: SL Green (SLG), which also closed on a $1.25B construction loan, +6.5%; Vornado (VNO), +6.5%, Boston Properties (BXP), +3.7%.Lodging REITs: Chatham Lodging Trust (CLDT), +2.7%, Apple Hospitality (APLE), +3.6%, Ashford Hospitality Trust (AHT), 27%, Service Properties Trust (SVC), +6.4%.Apartment REITs: Preferred Apartment Communities (APTS), +3.3%, Equity Residential (EQR), +4.7%, AvalonBay Communities (AVB), +3.1%.ETFs: [[VNQ]], [[RQI]], [[IYR]], [[RNP]], [[RFI]]
For further details see:
REITs get a premarket boost from COVID-19 vaccine news