REZ Stock Summary and Trading Ideas (iShares Residential And Multisector Real Estate ETF | ARCA:REZ)

TheiShares Residential and Multisector Real Estate ETF seeks investment results that correspond generally to the price and yield performance before fees and expenses of the FTSE NAREIT All Residential Capped Index.

iShares Residential And Multisector Real Estate ETF trades on the ARCA stock market under the symbol REZ.

As of May 17, 2024, REZ stock price climbed to $75.46 with 29,345 million shares trading.

REZ has a beta of 0.93, meaning it tends to be less sensitive to market movements. REZ has a correlation of 0.41 to the broad based SPY ETF.

REZ has a market cap of $648.96 million. This is considered a Small Cap stock.

In the last 3 years, REZ stock traded as high as $100.05 and as low as $60.64.

REZ stock has underperformed the market in the last year with a return of +9.3%, while SPY returned +29.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in REZ shares. However, REZ has outperformed the market in the last 3 month and 2 week periods, returning +8.9% and +4.7%, while SPY returned +6.3% and +3.6%, respectively. This indicates REZ has been having a stronger performance recently.

REZ support price is $74.47 and resistance is $75.94 (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 REZ stock will trade within this expected range on the day.