Recent advances in the field of behavioral finance have given a fillip to the use of behavioral factors in asset pricing models. This study adds to the understanding of the REIT return generating process by exploring the behavioral impact of investor sentiment on REIT returns. The results show...

This paper explores the institutional trading on the stock anomaly characteristics in REITs. In the general stock market, Edelen, Ince and Kadlec (2016) find that institutional investors trade on the wrong side of well-known anomalies, which results in negative relationship between the change in...