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Real estate stocks finish in green as analysts turn positive, earnings surprise to upside
Seeking Alpha News (Sat, 27-Apr 12:00 PM ET)
The Invesco Active U.S. Real Estate ETF (Fund) structures and selects its investments primarily from a universe of securities that are included within the FTSE NAREIT All Equity REITs Index at the time of purchase. The selection methodology uses quantitative and statistical metrics to identify attractively priced securities and manage risk. The Fund will invest principally in equity real estate investment trusts (REITs). Portfolio management generally conducts a security and portfolio evaluation monthly.
Invesco Active U.S. Real Estate ETF trades on the ARCA stock market under the symbol PSR.
As of May 2, 2024, PSR stock price climbed to $81.32 with 993 million shares trading.
PSR has a market cap of $63.43 million. This is considered a Micro Cap stock.
In the last 3 years, PSR stock traded as high as $120.85 and as low as $74.41.
PSR has underperformed the market in the last year with a return of -2.6%, while the SPY ETF gained +23.0%. In the last 3 month period, PSR fell short of the market, returning -6.9%, while SPY returned +3.4%. However, in the most recent 2 weeks PSR has outperformed the stock market by returning +1.6%, while SPY returned +0.8%.
PSR support price is $79.90 and resistance is $81.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSR stock will trade within this expected range on the day.