NEW YORK - Shares of real estate investment trusts mostly fell Thursday morning as orders to factories for big-ticket manufactured goods dropped for a third straight month in March, the longest string of declines since the 2001 recession. The market was also weighed down by a report that sales of new homes fell to their lowest level since 1991, a sign that the housing market has not yet started to recover.
Separately, Vornado Realty Trust was downgraded by Merrill Lynch to "Neutral," from "Buy."
Here's how some REITs performed shortly after market open:
Host Hotels & Resorts dropped 16 cents to $16.60.
Vornado Realty Trust fell $1.08, to $92.21.
Boston Properties Inc. slipped 4 cents to $101.01.
Bucking the trend, Kimco Realty Corp. gained 46 cents to $40.19.

The above adage is well known by precious-metals investors; in fact I used this quote in one of our monthly reports. I recall how many inquiries ...
India pledged Friday not to engage in a new arms race as talks continued in Vienna over whether to let the U.S. sell India nuclear material and t...
IN THE HEADLINES McCain caps GOP convention vowing 'change is coming' to Washing...


Professional Website Design For Corporate - Get a Free Quote Today