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‎15 REIT – Diversified Stocks to Watch ‎

by Shan Zee
December 21, 2020
in Morning News, Uncategorized
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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.

‎

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Tags: ‎ Colony Capital News‎AFIN News‎AFIN StockAHH NewsAHH StockALEX NewsALEX Stock‎Alexander & Baldwin NewsAlexander & Baldwin StockAmerican Finance Trust NewsAmerican Finance Trust Stock‎Armada Hoffler Properties NewsArmada Hoffler Properties StockBNL ‎NewsBNL Stock‎Broadstone Net Lease News‎Broadstone Net Lease StockCLNY ‎NewsCLNY StockColony Capital StockEmpire State Realty Trust News‎Empire State Realty Trust StockEPRT ‎NewsEPRT ‎Stock‎ESRT NewsESRT StockEssential ‎Properties Realty Trust NewsEssential ‎Properties Realty Trust StockiStar NewsiStar ‎StockLexington Realty Trust ‎NewsLexington Realty Trust ‎StockLXP News‎LXP StockSpirit Realty Capital ‎NewsSpirit Realty Capital StockSRC NewsSRC Stock‎STAR News‎STAR StockSTOR NewsSTOR ‎StockSTORE Capital NewsSTORE Capital StockUE NewsUE StockUrban ‎Edge Properties NewsUrban ‎Edge ‎Properties StockVER NewsVER StockVEREIT NewsVEREIT StockVICI NewsVICI Properties NewsVICI Properties StockVICI StockW. P. Carey NewsW. P. Carey StockWPC ‎NewsWPC ‎Stock

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