Boutique investment bank and broker-dealer Keefe Bruyette & Woods Inc. is adding several real estate investment trusts to the KBW Nasdaq Premium Yield Equity REIT Index, while removing some of them as part of its fourth-quarter rebalancing.
Ashford Hospitality Prime Inc., DDR Corp., EPR Properties, Farmland Partners Inc., Hersha Hospitality Trust, Kite Realty Group Trust, MedEquities Realty Trust Inc., Pennsylvania Real Estate Investment Trust, Ramco-Gershenson Properties Trust and Tanger Factory Outlet Centers Inc. will be added to the index, while CBL Properties, Global Medical REIT Inc., Gramercy Property Trust, Investors Real Estate Trust, MGM Growth Properties, Preferred Apartment Communities Inc., RLJ Lodging Trust, STAG Industrial Inc. and Xenia Hotels & Resorts Inc. will be deleted.
The changes will take effect before market open Dec. 18.
Keefe Bruyette & Woods is a unit of Stifel Financial Corp.
