Institutional Investors and REITS Equity Prices
- Topics:
- Real Estate Portfolio Management
- Tags:
- Business Operations,
- Finance,
- Investment,
- Investor,
- Real Estate,
- REIT
- Source:
- University of Wisconsin System
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Overview: In this article one investigates whether the changing composition of institutional demand for REIT stock can partially explain changes in the relative prices of the REIT shares over the period 1993 to 1998. Although there is a substantial literature that examines changes in the institutional holding of a common stock over time. This literature has not been used to investigate the relative return performance of REITs. It also observes that the institutional investors have been significant preference for REITs shares with greater market capitalization and greater liquidity. It also provides evidence suggesting that these induced significant changes in the relative prices of REITs shares and return over this time period.
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Format: PDF | Size: 1,269KB | Date: Jun 2000 | Pages: 27
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