Stocks - Real Estate Stocks Jump in Midday Trading

Real estate stocks surged in midday trading in the wake of solid quarterly results and a drop in interest rates. The S&P Real Estate sector index rose 2% at 11:35 AM ET (15:35 GMT). American Tower (NYSE:AMT) was among the biggest gainers of the index components, rising about 4.7%. The company reported numbers before the bell that beat on the top and bottom lines. Also rising sharply were Alexandria Real Estate (NYSE:ARE), which issued encouraging guidance and gained about 4.4% and United Dominion Realty (NYSE:UDR), which rose about 4.4%.

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Spotlight

As digital transformation strategies take hold and organizations embrace a philosophy of data-driven decision-making, many functions that have traditionally communicated little with each other are coming together around a shared need for current and relevant information. In this environment, IT and tax departments have a signifi

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