Do Stock Prices Really Reflect Fundamental Values? The Case of REITs
收藏NBER2004-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10850
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资源简介：
Real estate investment trust (REIT) stock prices deviate substantially from net asset values (NAV). Using REIT data since 1990, we find large positive excess returns to a strategy of buying stocks that trade at a discount to NAV, and shorting stocks trading at a premium to NAV. Estimated alphas from
提供机构：
美国国家经济研究局
创建时间：
2004-10-01
