Office Properties in real estate gainers, Wheeler Real Estate Investment Trust in losers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2024
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- Gainers: Office Properties Income Trust (OPI) rose by 10% after notes amendment news, while Gaucho Group Holdings (VINO) increased by 6%.
- Losers: FLJ Group (FLJ) dropped by 43%, Fangdd Network Group (DUO) by 36%, Wetouch Technology (WETH) by 10%, Wheeler Real Estate Investment Trust (WHLR) by 9%, and Fathom Holdings (FTHM) by 8%.
- S&P 500 Real Estate Sector saw a slight increase of 0.03% to 242.83.
- Real estate stocks are surging due to soft inflation reports fueling rate cut hopes.
- REITs experienced a marginal increase in short interest as of April-end, according to a report.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
