The Daily REITBeat | Monday, May 18th, 2026

"The Stalemate"

Author

David Auerbach
May 18, 2026

Various Initiatives and Website Links

Hoya Capital: www.hoyacapital.com 

4800 Partners (REIT IR/Marketing/PR/Story Telling): www.4800partners.com 

All the REIT Jobs Website: www.allthereitjobs.com

B-A-N-D Visual Storytelling: www.b-a-n-d.com/reit

REIT TV: www.reittv.com

Today’s Newsletter (May 18th, 2026)

Futures mixed at the time of this writing as talking heads focus on the US/Iran stalemate as oil and bonds once again on the move. Rising energy prices leading to interest rate hike concerns and increased government borrowing.

From Bloomberg

  • "Stocks fell as the stalemate between the US and Iran kept driving oil prices higher, while bonds found some stability after last week’s global selloff.

  • S&P 500 futures slid 0.5%, with the benchmark set for its first back-to-back loss in May. Brent topped $110 a barrel. Japan’s 30-year yield surged as much as 20 basis points before paring most of the move. Treasuries and European bonds were little changed, while the dollar was set to snap a five-day run of wins.

  • The standoff in the Middle East shows no signs of easing after more than two months, puncturing an artificial intelligence-driven rally that has pushed global stocks to record highs. Meanwhile, bond yields have climbed to levels seen decades ago on fears that central banks will lift interest rates and governments will ramp up borrowing to cushion the blow from rising energy prices.

  • As a fragile ceasefire between the US and Iran extends past 40 days and a deal to reopen the Strait of Hormuz remains elusive, President Donald Trump expressed frustration with Tehran and told it the “clock is ticking.” Earlier, drones targeted a nuclear power plant in the United Arab Emirates."

In REIT News

  • Baird initiates NHP with an Outperform rating ($17 price target)

  • Wells Fargo initiates NHP with an Overweight rating ($16 price target)

  • Goldman Sachs initiates NHP with a Buy rating ($20 price target)

  • BMO initiates NHP with a Market Perform rating ($17 price target)

  • RBC initiates NHP with a Sector Perform rating ($15 price target)

  • Morgan Stanley initiates NHP with an Equalweight rating ($16 price target)

  • KeyBanc initiates NHP with a Sector Weight rating

  • On Friday, Raymond James resumed DEA with an Outperform rating ($26 price target)

  • Raymond James upgrades AMH to Outperform from Market Perform ($35 price target)

  • Raymond James upgrades INVH to Outperform from Market Perform ($32 price target)

  • NHP announced its concurrent but separate offers to purchase up to a maximum aggregate purchase price in cash of $100 million of (i) its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock for a purchase price of $22.50/share in cash and (ii) its 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock for a purchase price of $22.50/share in cash

  • DLR announced the opening of its first data center in Barcelona with 14 MW of total planned capacity and compliments its established Marseille campus enhancing network diversity and resilience across the region

  • On Friday, S&P affirmed BRX’s ratings including its “BBB” issuer credit rating and revised its outlook to positive from stable

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Have a great day!

David Auerbach

David Auerbach boasts over two decades of experience in the securities industry, specializing as an institutional trader with a focus on Real Estate Investment Trusts (REITs), Equity and Preferred stocks, MLPs, ETFs, and Closed End Funds.

Based in Dallas, TX throughout his entire career, David currently serves as the Chief Investment Officer for Hoya Capital, managing the Hoya Housing 100 ETF (Ticker: HOMZ) and The High Yield Dividend ETF (Ticker: RIET). Additionally, he acts as a consultant with 4800 Partners focusing on corporate access in the REIT industry.

Previously, David held the position of Managing Director at Armada ETF Advisors, the sub-advisor for the Residential REIT ETF (Ticker: HAUS) and The Private Real Estate Strategy via Liquid REITs ETF (Ticker: REAI).

David's industry journey includes roles at World Equity Group, Esposito Securities, and Green Street Advisors where he got his start in the REIT industry. At Esposito Securities, he played a crucial role in building the REIT/Real Estate platform and worked extensively with institutional investors, Equity REITs, and ETF issuers.

Throughout his career, David has been quoted by reputable publications such as Bloomberg, WSJ, Financial Times, Barron’s, Commercial Observer, Bisnow, CoStar, REIT.com, and GlobeSt.com. He has also made notable appearances as a featured guest on networks like Yahoo Finance, Schwab Network, and Bloomberg.

David holds a BBA in Finance from the University of Texas at Austin (May 1999) and an MBA in Finance from Southern Methodist University (May 2005). He maintains FINRA Series 7, 24, 55, and 63 registrations.

In his leisure time, David is an avid traveler, often found crisscrossing the country in pursuit of attending as many Phish concerts as possible.