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Search resuls for: "Kevin Brown"


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Mounting inflation and interest rates have put significant pressure on several sectors — especially real estate. He suggests that investors look to have 10% of their portfolio exposed to "real estate in some form, as a good rule of thumb." "That exposure can come from REITs [real estate investment trusts] or direct ownership, or other real estate investments if you are a large investor. Rick Romano, Head of Global Real Estate Securities at PGIM Real Estate, agrees, saying that REITs offer investors "a unique and fantastic" opportunity to invest across geographies and segments right now. "It's an area that we see some of the best growth rates within the real estate space," he added.
Persons: Kevin Brown, Brown, Rick Romano, PGIM's Romano, Morningstar's Brown Organizations: Morningstar, CNBC Pro, Global Real Estate Securities, Fund Locations: U.S, Canada
With interest rates expected to come down in 2024, real estate — a sector beloved for its steady income payments — could see upside in the new year. "When rates are low, a lot of income-oriented investors see that REIT dividend as very attractive, and they are willing to take the risks associated with equity investment to have this dividend payment." Jefferies is neutral on the office REIT sector but has raised its rating on Boston Properties to buy from hold. The senior housing occupancy rate was 84.4% in the third quarter of 2023, according to the National Investment Center for Seniors Housing & Care . That's up more than 6 percentage points from the pandemic low of 77.8%, but it's still off from the pre-pandemic occupancy rate of 87.1%.
Persons: REITs, Kevin Brown, Jefferies, Peter Abramowitz, Morningstar's Brown, it's, Brown, JPMorgan's Anthony Paolone, Ventas, — CNBC's Michael Bloom, Chris Hayes Organizations: Federal Reserve, Treasury, Boston Properties, Boston, National Investment Center, Seniors Housing & Care, Realty Locations: U.S, Boston, Friday's
A Texas woman who was reported missing this month and whose empty car was later found in a remote area has been found dead, officials said Thursday. Friends of Kelley reported her missing on Jan. 11 after not having heard from her for several days, the sheriff's office has said. The sheriff’s office has said Ferguson is also known as Kevin Brown, and online jail records list Ferguson as being married. The sheriff's office said the case was an ongoing homicide investigation. On Thursday, the Tarrant County medical examiner's office positively identified the remains found in Grand Prairie, the sheriff's office said.
A search is underway for a Texas woman who was reported missing a week ago and whose car was subsequently found in a desolate area before authorities took a person of interest into custody. NBC DFWFriends reported Kayla Kelley, 33, missing on Jan. 11 after not hearing from her for several days. Her car was subsequently found "in a remote area of Frisco," a city about 30 miles north of Dallas, the Collin County Sheriff's Office said. The Collin County Sheriff's Office and District Attorney's Office could not immediately be reached. A local nonprofit, Search One Rescue Team, which helps law enforcement with lost and missing cases, told NBC affiliate KXAS of Dallas that the sheriff's office and the Texas Rangers enlisted their help in the search Friday and Monday, respectively.
Bank of America recently screened for S & P 500 stocks with the lowest nominal interest rate betas, meaning they are hurt by rising nominal interest rates. Take-Two Interactive Software , which has a nominal interest rate beta of -7.6, has lost more than 40% this year. It has lost about 9% year to date and has a nominal interest rate beta of -6.3. REITs overall have been hit this year by rising interest rates, since investors who have them for their high dividend yields may ditch the assets for risk-free Treasurys. Meanwhile, Chipotle Mexican Grill has a nominal interest rate beta of -5.8 and has lost more than 11% so far this year.
Their underperformance this year can be pinned to rising interest rates, since investors who have REITS for their high dividend yields may dump the assets for risk-free Treasurys. While he had reduced his firm's exposure to REITs due to rising interest rate fears, he's now thinking about increasing that exposure. REITs typically make up 5% to 10% of his firm's 10-year plus portfolio portfolio, with the exposure currently at the lower end of that range. In this environment, companies that are less sensitive to rising interest rates should outperform, said Morningstar's Brown. "They should be less sensitive overall to interest rates movements given that most investors are not in hotel names for the dividend," Brown said.
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