Please use symbol entry at top right of page to search

3 Best Performing REITs On Friday

Most REITs got back on track this week with good upside movement as the stock market took on a more bullish tone in general.

There were some real estate investment trusts that really came back with Friday gains that easily outdistanced others in the sector.

Trending in Real Estate: Jeff Bezos-Backed Real Estate Investment Platform Acquires Another $23 Million Worth Of Single-Family Rental Homes

Here are the 3 REITs with the day's best performance:

Park Hotels and Resorts NYSE:PK is the best performing of the big REITs with a Friday gain of 5.26%. The below chart shows that the selling had been relentless for the last 2 weeks and buyers seemed to swoop in just before the weekend.

Host Hotels and Resorts NASDAQ:HST is the NASDAQ-traded REIT that moved higher on Friday by 4.48%. It's been a disastrous June of selling for the REIT, but Friday reversed the trend after Thursday's dip below $15.25. That was the December 2021 low, so this is a bounce off of a support level, for sure.

VICI Properties NYSE:VICI, the gaming REIT with the big Las Vegas properties, closed up by 3.91%. After hitting a low of $27.50 during last week's trading, VICI roared back this week with a strong close at $30.33. It still has a way to go before it can re-take that early June high up there at $33.50 where the selling got started.

Read next: How This Real Estate Fund Is Beating The Stock Market

Not investment advice. For educational purposes only.

Charts from StockCharts

Search News

Filter Results

Publication Date
  • All

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.