Week Ended 8/31/18

August Doldrums These past few weeks have been typical of late August; high volatility on low volume.  With many market participants off on vacation, prices of REITs and particularly small cap REITs move on single trades.  In this sort of environment, our method of...

Week Ended 8/24/18

Macro influences Jerome Powell’s speech this morning provided some good insight into where the economy is headed.  He seems to agree with the stock market that GDP growth is set to remain strong, yet there were dovish tones to his commentary as he did not seem worried...

Week Ended 8/17/18

Market Inefficiency Academics and market participants will perpetually debate the degree of the market’s efficiency.  While there is significant variance within each group, academics tend to lean toward higher levels of efficiency while participants generally see more...

Week Ended 8/10/18

More Earnings This was another week of impactful fundamental news with many of the companies in 2CHYP reporting 2nd quarter earnings. Sotherly Hotels (SOHO) had a sizable beat but cut guidance for 2 reasons: Conservancy heading into hurricane season Slow ramp up at...

Week Ended 8/3/18

Earnings Season Continues Multiple 2CHYP companies reported earnings this week with our take on the news below: CatchMark Timber had a particularly strong quarter with price realizations well ahead of the southwide averages.  CTT’s distribution relationships continue...