The real estate investment trust (REIT) has traditionally provided total competitive returns based on high, steady dividends and long-term capital gains. In addition to their relatively low correlation with other assets, they are regarded as excellent portfolio diversifiers that may decrease overall portfolio risk and increase returns. There are characteristics of REIT-based investments that make them attractive to investors. REITs produce income that can be reinvested into other investments, pushing a portfolio’s value higher in the process.
Here are some of the key performers of the last trading session in REIT – Diversified Sector.
Colony Capital Inc. (NYSE:CLNY) shares were trading up 2.32% at $4.86 at the time of writing on Friday. On December 3, 2020, the company declared the sale and closing of its 51% ownership stake in the Colony Bulk Industrial Portfolio at a $400M total portfolio value.
Colony Capital Inc. (NYSE:CLNY) share price went from a low point around $1.33 to briefly over $5.17 in past 52 weeks, though shares have since pulled back to $4.86. CLNY market cap has remained high, hitting $2.29B at the time of writing, giving it price-to-sales ratio of more than 1.
If we look at the recent analyst rating CLNY, Truist initiated coverage on CLNY shares with a Buy rating and a $5.42 price target, which implies room for 0.56% upside momentum this year.
VEREIT Inc. (VER) last closed at $37.86, in a 52-week range of $3.56 to $10.18 after reporting that that the Company has completed its previously announced one-for-five reverse stock split of its outstanding shares of common stock.
STORE Capital Corporation (STOR) stock drop by -4.09% to $32.15. The firm recently revealed that it has declared a regular quarterly cash dividend on its common stock of $0.36 per share for the fourth quarter ending December 31, 2020. The most recent rating by Robert W. Baird, on December 17, 2020, is at a Neutral.
Broadstone Net Lease Inc. (NYSE:BNL) Shares headed falling, lower as much as -1.37%. The most recent rating by Truist, on October 12, 2020, is at a Buy.
VICI Properties Inc. (NYSE:VICI) fall -3.05% after losing more than -$0.81 on Friday. The firm lately declared that its CEO, Edward Pitoniak, appeared as a featured guest on Fox Business Network’s “The Claman Countdown” on Tuesday, December 15, 2020.
Lexington Realty Trust (LXP) last closed at $10.76, in a 52-week range of $7.86 to $12.08. Analysts have a consensus price target of $12.05.
Spirit Realty Capital Inc. (SRC) stock drop by -4.11% to $40.18. On December 4, 2020, the company provided an update on rent collections, capital deployment, and equity issuance activity. The most recent rating by Robert W. Baird, on December 17, 2020, is at a Neutral.
Essential Properties Realty Trust Inc. (NYSE:EPRT) Shares headed falling, lower as much as -3.69%. The firm reported on December 4, 2020, that its Board of Directors declared a quarterly cash dividend of $0.24 per share of common stock for the fourth quarter of 2020. The most recent rating by Raymond James, on October 02, 2020, is at an Outperform.
Empire State Realty Trust Inc. (NYSE:ESRT) fall -3.56% after losing more than -$0.35 on Friday following an announcement from the firm that that ClearView Healthcare Partners, a global strategy firm with consultants who serve the life science sector, signed a new eleven-year lease at 111 West 33rd Street for 39,067 square feet.
American Finance Trust Inc. (AFIN) last closed at $8.15, in a 52-week range of $4.20 to $13.66. The firm on December 15, 2020, revealed the pricing of an underwritten public offering of 3,200,000 shares of its 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock at a gross offering price of $25.00 per share. Analysts have a consensus price target of $7.75.
Urban Edge Properties (UE) stock drop by -3.30% to $13.50. The firm recently declared a special dividend of $0.46 per share primarily resulting from the tax gain on the modification. The most recent rating by Evercore ISI, on June 23, 2020, is at an Outperform.
Alexander & Baldwin Inc. (NYSE:ALEX) Shares headed falling, lower as much as -1.03%. Recently, The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) approved a fourth quarter 2020 dividend of $0.15 (fifteen cents) per share. The most recent rating by JMP Securities, on February 20, 2018, is at a Mkt outperform.
W. P. Carey Inc. (NYSE:WPC) fall -2.87% after losing more than -$2.05 on Friday. The company on December 9, 2020 revealed that its Board of Directors increased its quarterly cash dividend to $1.046 per share, equivalent to an annualized dividend rate of $4.18 per share.
iStar Inc. (STAR) last closed at $14.64, in a 52-week range of $5.48 to $17.50. Analysts have a consensus price target of $16.75.
Armada Hoffler Properties Inc. (AHH) stock drop by -5.31% to $10.70. The firm on December 3, 2020 reported that it has formed a 50/50 joint venture with Beatty Development Group, which will develop and build T. Rowe Price’s new 450,000 square foot global headquarters in Baltimore’s Harbor Point. The most recent rating by Stifel, on June 25, 2020, is at a Hold.