Park Hotels and Resorts Inc (NYSE:PK) traded higher at the open this morning, gaining 1.48%, making up somewhat for a recent, steady downtrend.
The REIT owns Hilton Hawaiian Village Waikiki Beach Resort and Hilton San Francisco Union Square, among other properties. Park Hotels and Resorts pays a dividend significantly less than others in the sector, at just 0.15%.
Related: This REIT You've Probably Never Heard of Has Paid a Dividend Above 8% For The Last 5 Years
Invitation Homes Inc (NYSE:INVH) opened this morning up by 0.46%.
Invitation Homes offers investors a 2.51% dividend. In business for 10 years now, it began operations in Phoenix and now leases homes nationwide. The REIT went public in February 2017. Analysts at Jeffries initiated a “buy” rating on the company in April of this year. Invitation Homes owns enough homes now to house the entire nation of Iceland.
The Real Estate Select SPDR Fund (NYSE:XLRE), the REIT benchmark ETF, traded up 0.46% just after the opening this morning.
At this price, the exchange-traded fund of REITs pays out a 3.41% dividend. As this represents a wide, diversified group of REITs, it’s apparent that the sector may be stabilizing in price after a serious downdraft from late April to the present. Friday’s closing may give a better picture as investors prepared for the weekend.
Read next: How This Real Estate Fund Is Beating The Stock Market
Not investment advice. For educational purposes only.
