The stock of iShares S&P TSX Capped REIT Index Fund (TSE:XRE) is a huge mover today! About 133,569 shares traded hands. iShares S&P TSX Capped REIT Index Fund (TSE:XRE) has declined 1.77% since April 26, 2016 and is downtrending. It has underperformed by 6.99% the S&P500.
The move comes after 6 months negative chart setup for the $1.33B company. It was reported on Nov, 30 by Barchart.com. We have $14.54 PT which if reached, will make TSE:XRE worth $79.80 million less.
More notable recent iShares S&P TSX Capped REIT Index Fund (TSE:XRE) news were published by: Business.Financialpost.com which released: “Battle of the Canadian REIT ETFs” on October 21, 2011, also Theglobeandmail.com with their article: “The case for and against real estate ETFs” published on June 28, 2016, Fool.ca published: “5 ETFs to Start a College Grad’s Retirement Fund” on April 15, 2015. More interesting news about iShares S&P TSX Capped REIT Index Fund (TSE:XRE) were released by: Marketwired.com and their article: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” published on August 15, 2016 as well as Theglobeandmail.com‘s news article titled: “Haunted by phantom ETF distributions” with publication date: April 25, 2014.
iShares S&P/TSX Capped REIT Index Fund, formerly iShares CDN S&P/TSX Capped REIT Index Fund, seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped REIT Index through investments in the constituent issuers of such Index. The company has a market cap of $1.33 billion. The Index consists of securities of Canadian real estate investment trusts (REITs) listed on the Toronto Stock Exchange (TSX), selected by Standard & Poor’s (S&P) using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals. It currently has negative earnings.
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