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Harbor AlphaEdge Next Generation REITs ETF (AREA)

Rating:68Neutral

Price Target:

$20.50

The Harbor AlphaEdge Next Generation REITs ETF (AREA) has a solid overall rating, supported by strong holdings like VICI Properties, which benefits from robust cash flow, attractive valuation, and strategic investments that drive growth. Public Storage also contributes positively with its strong financial performance and strategic expansion, though its high P/E ratio suggests potential overvaluation. However, weaker holdings like Healthcare Realty Trust, which faces declining revenue and profitability, may have slightly weighed on the ETF’s rating. Investors should note the ETF’s concentration in the REIT sector, which could pose risks during market downturns affecting real estate.

Positive Factors

Strong Top Holdings

Several key positions, such as VICI Properties and EPR Properties, have shown strong year-to-date performance, supporting the fund’s overall returns.

Focused Sector Exposure

The ETF’s concentration in real estate provides targeted exposure to a sector with potential for steady income and growth.

Reasonable Expense Ratio

The fund’s expense ratio is relatively moderate, making it more cost-effective compared to many actively managed ETFs.

Negative Factors

Underperforming Holdings

Some top holdings, such as Lamar Advertising and Host Hotels & Resorts, have lagged in performance, which could drag on overall returns.

High Sector Concentration

With nearly all assets in real estate, the ETF is heavily exposed to risks specific to this sector, such as interest rate sensitivity.

Limited Geographic Diversification

The fund’s focus on U.S. companies leaves it vulnerable to domestic market fluctuations and lacks exposure to international opportunities.

AREA vs. SPDR S&P 500 ETF (SPY)

AUM1.81M

RegionNorth America

Expense Ratio0.50%

Beta0.55

IssuerHarbor

Inception DateSep 03, 2024

Dividend YieldN/A

Asset ClassEquity

Index TrackedHarbor AlphaEdge Next Generation REITs Index - Benchmark TR Gross

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume63

30 Day Avg. Volume102

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

21.01

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering39

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

AREA Summary

The Harbor AlphaEdge Next Generation REITs ETF (ticker: AREA) is an investment fund that focuses on Real Estate Investment Trusts (REITs) in the U.S., specifically those involved in innovative and growth-oriented real estate projects. It includes companies like Public Storage and Lamar Advertising, which are leaders in their fields. This ETF is a good choice for investors looking to diversify their portfolios with exposure to the real estate sector and benefit from potential growth in areas like sustainable properties and urban revitalization. However, new investors should be aware that its performance is closely tied to the real estate market, which can be sensitive to economic changes.

How much will it cost me?The Harbor AlphaEdge Next Generation REITs ETF (AREA) has an expense ratio of 0.50%, which means you’ll pay $5 per year for every $1,000 invested. This is higher than average because it is actively managed, focusing on innovative and growth-oriented REITs that require more research and oversight.

What would affect this ETF?The Harbor AlphaEdge Next Generation REITs ETF (AREA) could benefit from trends like increased demand for sustainable and technology-driven real estate developments, as well as urban revitalization projects in the U.S. However, rising interest rates or economic slowdowns could negatively impact REITs, as higher borrowing costs and reduced consumer spending may affect property values and rental income. Additionally, regulatory changes in the real estate sector could pose challenges for some of the ETF's top holdings.

AREA Top 10 Holdings

The Harbor AlphaEdge Next Generation REITs ETF leans heavily into U.S.-based real estate, with a focus on innovative and growth-oriented REITs. Public Storage is a steady performer, bolstered by strong financials, while Healthcare Realty Trust is rising on the back of strategic initiatives and solid technical momentum. On the flip side, American Tower and SBA Communications are lagging, weighed down by valuation concerns and technical weakness. With nearly all holdings concentrated in the real estate sector, this fund is a bet on the future of property innovation, though some names are struggling to keep pace.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
LAMR	Lamar Advertising	7.21%	$129.77K	$12.11B	-9.56%	70 Outperform
PSA	Public Storage	6.70%	$120.62K	$48.43B	-18.96%	68 Neutral
VICI	VICI Properties	6.33%	$114.01K	$32.33B	-5.59%	73 Outperform
RYN	Rayonier	6.33%	$113.92K	$3.35B	-31.22%	72 Outperform
HST	Host Hotels & Resorts	5.94%	$106.97K	$11.04B	-9.06%	66 Neutral
EPR	EPR Properties	5.44%	$97.92K	$3.77B	8.56%	66 Neutral
HR	Healthcare Realty Trust	5.28%	$95.08K	$6.19B	0.23%	56 Neutral
AMT	American Tower	5.01%	$90.17K	$84.43B	-15.66%	65 Neutral
SBRA	Sabra Healthcare REIT	3.76%	$67.80K	$4.31B	-4.21%	74 Outperform
DRH	Diamondrock	3.37%	$60.63K	$1.65B	-8.34%	63 Neutral

AREA Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

18.76

Negative

100DMA

18.71

Negative

200DMA

18.49

Negative

Market Momentum

MACD

-0.18

Positive

RSI

32.25

Neutral

STOCH

14.46

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For AREA, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 18.47, equal to the 50-day MA of 18.76, and equal to the 200-day MA of 18.49, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 32.25 is Neutral, neither overbought nor oversold. The STOCH value of 14.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AREA.

AREA Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
AREA	―	―	$1.81M	0.50%	68 Neutral
SRHR	―	―	$48.01M	0.75%	68 Neutral
NURE	―	―	$30.16M	0.36%	68 Neutral
RDOG	―	―	$12.38M	0.35%	64 Neutral
HAUS	―	―	$7.63M	0.60%	62 Neutral
DVDN	―	―	$3.36M	0.90%	58 Neutral

Performance Comparison

AREA

Harbor AlphaEdge Next Generation REITs ETF

18.09

-1.80

-9.05%

SRHR

SRH REIT Covered Call ETF

―

NURE

Nuveen Short-Term REIT ETF

―

RDOG

ALPS REIT Dividend Dogs ETF

―

HAUS

Home Appreciation U.S. REIT ETF

―

DVDN

Kingsbarn Dividend Opportunity ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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