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FRI News and Press, First Trust S&P REIT Index Fund From 04/27/24

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Company Name: First Trust S&P REIT Index Fund
Stock Symbol: FRI
Market: NYSE

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FRI - Real estate stocks finish in green as analysts turn positive, earnings surprise to upside

2024-04-27 12:00:55 ET More on Real Estate: XLRE: Quality Beats Quantity Once Again XLRE: Could You Do Better? Real estate stocks continue on downward trajectory as market's April pullback intensifies 8 REITs increase dividend payouts in March, says report ...

FRI - Biggest Landlords Pile Into 'Build-To-Rent' Single-Family Houses, But Sell Older Houses Into This Overpriced Market

2024-04-26 11:30:00 ET Summary Building professionally managed communities of single-family houses for rent, with their own leasing and maintenance office, is the hottest trend in new house construction. Having entire communities of new build-to-rent houses with their own leasing ...

FRI - FICO Announces Earnings of $5.16 per Share for Second Quarter Fiscal 2024

Revenue of $434 million vs. $380 million in prior year FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its second fiscal quarter ended March 31, 2024. Second Quarter Fiscal 2024 GAAP Results Net income for ...

FRI - Behind The Renewed Interest In Lumber Markets

2024-04-24 14:30:00 ET Summary Volatility in lumber prices has come off record highs the market experienced during the coronavirus pandemic, but questions around supply and demand still remain. Given that consumer demand has started to see some modest growth while supply remained ...

FRI - Mortgage Pain Has Not Peaked Yet

2024-04-24 12:10:00 ET Summary Despite spring market optimism, US Home sales in March posted their most significant decline in more than a year. In Canada, where fixed mortgage rates are back above 5%, March home sales and prices were mostly unchanged month-over-month. Oxford ...

FRI - It's The Economy, Stupid

2024-04-23 09:00:00 ET Summary In its fight against inflation, the last thing that the Federal Reserve needs is an oil price shock that would result from the disruption of oil flowing through the Straits of Hormuz. High interest rates for longer are bound to deepen the commercial ...

FRI - FICO UK Credit Card Market Report: February 2024

Continued signs of financial pressures: credit card balances creep up and payments to balance fall The FICO UK Credit Card Market Report for February 2024 presents a mixed picture on consumer confidence and financial pressures. There was an uptick in spending after the usual seasonal di...

FRI - A Hawkish Pivot

2024-04-21 09:00:00 ET Summary U.S. equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs as investors monitored an intensification of geopolitical tensions and hawkish Fed commentary. Inflamed by resurgent energy prices and ins...

FRI - Real estate stocks continue on downward trajectory as market's April pullback intensifies

2024-04-20 12:00:59 ET More on Real Estate: XLRE: Quality Beats Quantity Once Again XLRE: Could You Do Better? 8 REITs increase dividend payouts in March, says report Capital offering activities by equity REITs rise by 14% M/M in March Seeking Alpha&#...

FRI - Home Sales Clobbered By Mortgage Rates. New Listings And Active Listings Surge. Most Price Reductions For Any March In Years

2024-04-19 10:45:00 ET Summary Actual sales, not seasonally adjusted, rose to 324,000 homes in March, according to data from the National Association of Realtors. The seasonally adjusted annual rate of sales fell by 4.3% in March from February, to an annual rate of 4.19 million sa...

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