**Seeking Alpha Quant Picks in S&P 500 Real Estate Sector as Earnings Season Picks Up Steam**
Wall Street firms have kicked off the quarterly earnings season on a solid note. Out of the 36 S&P 500 companies that have reported, 31 exceeded consensus estimates. Big banks led the way with strong quarterly net interest income and robust capital markets activity.
**Quick Insights**
Many S&P 500 real estate firms, including industry leader Prologis, have reported better-than-expected results, accompanied by positive revisions in their earnings guidance. While the broader real estate sector’s earnings and revenue are expected to grow, its year-to-date returns still trail behind the broader S&P 500 index.
Seeking Alpha’s Quant Rating system currently gives the S&P 500 real estate sector an average score of 2.99. Among the top “Strong Buy” recommendations are Host Hotels & Resorts, Regency Centers, and VICI Properties. On the other hand, American Tower and Weyerhaeuser fall under “Strong Sell” recommendations.
Analysts are showing heightened optimism, expecting an average earnings growth of 3.8% and revenue growth of 6.2% in the sector. Several major real estate firms are scheduled to report their results soon, making this an important period for investors to watch.
**Recommended For You**
For those interested in the real estate sector, here are some related exchange-traded funds (ETFs) to consider:
– XLRE — The Real Estate Select Sector SPDR® Fund ETF
– VNQ — Vanguard Real Estate Index Fund ETF Shares
– IYR — iShares U.S. Real Estate ETF
– REM — iShares Mortgage Real Estate Capped ETF
– REZ — iShares Residential and Multisector Real Estate ETF
Stay tuned for more trending news and analysis as the earnings season progresses.
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