Real estate stocks continue to post gains, outperform broader markets
Real estate stocks outperformed broader markets, with the S&P 500 Real Estate Index rising 1.31%. Kimco Realty led large-cap gainers at 6.93% after pricing a $525M note offering and seeing its price target raised by Stifel. Public Storage also gained on an Evercore ISI upgrade. Conversely, American Tower and CoStar Group fell, with CSGP declining due to Google's expansion into real estate listings. Mid-cap Fermi surged 23.53% on AI infrastructure rumors.
Source: businessinsider The copyright of this article belongs to the original author/organization.
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