REITs Monday Action: Independence Realty Trust Up 2.65%
The real estate investment trust benchmark ETF, the Real Estate Select Sector SPDR , ended the day down just a little, but some REITS had a very good day. Independence Realty Trust Inc (NYSE: IRT ) gained by 2.65%, leading the sector with that substantial percentage move: Price chart analysts will notice that today''s candlestick is a “bullish engulfing.” It went lower than Friday’s low and then closed above Friday’s high. There was no news on the REIT, which owns rental properties nationwide and continues to pay a slightly lower-than-the-sector dividend … Full story available on Benzinga.com
REITs Monday Action: Independence Realty Trust Up 2.65%
The real estate investment trust benchmark ETF, the Real Estate Select Sector SPDR , ended the day down just a little, but some REITS had a very good day. Independence Realty Trust Inc (NYSE: IRT ) gained by 2.65%, leading the sector with that substantial percentage move: Price chart analysts will notice that today''s candlestick is a “bullish engulfing.” It went lower than Friday’s low and then closed above Friday’s high. There was no news on the REIT, which owns rental properties nationwide and continues to pay a slightly lower-than-the-sector dividend … Full story available on Benzinga.com