REET Stock Summary and Trading Ideas (iShares Trust iShares Global REIT ETF | ARCA:REET)

The iShares Global REIT ETF (the Fund ) seeks to track the investment results of an index composed of global real estate equities in developed and emerging markets. Broad exposure to REITs from around the world, which invest in real estate directly and trade like stocks. Access income-oriented real estate.

iShares Trust iShares Global REIT ETF trades on the ARCA stock market under the symbol REET.

As of April 26, 2024, REET stock price climbed to $22.26 with 360,191 million shares trading.

REET has a beta of 1.12, meaning it tends to be more sensitive to market movements. REET has a correlation of 0.56 to the broad based SPY ETF.

REET has a market cap of $3.40 billion. This is considered a Mid Cap stock.

In the last 3 years, REET stock traded as high as $30.78 and as low as $19.69.

REET has underperformed the market in the last year with a price return of +1.5% while the SPY ETF gained +26.8%. REET has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.0% and -2.7%, respectively, while the SPY returned +4.5% and -1.9%, respectively.

REET support price is $21.98 and resistance is $22.44 (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 REET stock will trade within this expected range on the day.