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our real‑estate equities—Cherry Hill Mortgage Investment Corp. (CHMI), National Storage Affiliates Trust (NSA), Sachem Capital Corp. (SACH), and Smith Douglas Homes Corp. (SDHC)—have slipped into the lowest decile of momentum rankings in recent weeks, even as the Federal Reserve has begun cutting rates. While lower borrowing costs are generally expected to lift property‑related stocks, these four names have shown persistent weakness, suggesting that sector‑specific headwinds still dominate investor sentiment.
**What Momentum Means**
The Benzinga Edge Stock Ranking evaluates a stock’s relative strength by comparing its price movement and volatility to peers, assigning a percentile score. A sharp decline in this score signals not only underperformance versus other equities but also a negative short‑term outlook.
**Cherry Hill Mortgage Investment Corp. (CHMI)**
CHMI’s momentum fell from 10.68 to 10.50, a 0.18‑point drop week‑on‑week. The mortgage REIT has lost 3.82 % YTD and 30.58 % over the past year. Its price trend remains weak across short, medium, and long horizons, and its growth ranking is poor.
**National Storage Affiliates Trust (NSA)**
NSA, an industrial REIT, saw its momentum percentile slide from 10.68 to 9.35—a 1.33‑point decline. The stock is down 18.98 % YTD and 37.14 % over the year. The weak trend persists across all time frames, and its value ranking is only moderate.
**Sachem Capital Corp. (SACH)**
SACH’s momentum dropped from 10.68 to 9.35, mirroring NSA’s 1.33‑point fall. As a mortgage REIT, Sachem has fallen 11.11 % YTD and 55.56 % over the year. Its price trend is weak in the short, medium, and long terms, and its growth ranking is poor.
**Smith Douglas Homes Corp. (SDHC)**
SDHC’s ranking fell from 10.11 to 9.01, a 1.10‑point decline. The homebuilder has lost 28.35 % YTD and 52.78 % over the past year. Its price trend is weak across all horizons, and its value ranking is relatively poor.
The collective underperformance of these four realty stocks is striking given the Fed’s rate cuts, which typically lower capital costs and boost demand in the housing market. However, the drop in momentum percentiles indicates that company‑level risks—such as credit quality concerns, supply‑demand imbalances, and cyclical sensitivity—are currently outweighing macro‑level tailwinds.
**Market Snapshot**
On Monday, the SPDR S&P 500 ETF Trust (SPY) advanced 0.28 % to $663.68, while the Invesco QQQ Trust ETF (QQQ) rose 0.46 % to $598.73. The SPDR Dow Jones Industrial Average ETF Trust (DIA) closed 0.16 % higher at $463.04. Futures for the S&P 500, Dow Jones, and Nasdaq 100 were mixed on Tuesday.
*Disclaimer: This content was partially generated with AI tools and reviewed by Benzinga editors.*
