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Bisnow REIT Roundup: The Best And Worst


Big news is coming to the REIT world soon, as REITs try to educate money managers on their benefits ahead of the creation of a separate real estate grouping on the S&P 500. Here's Bisnow's breakdown of the best and worst REIT performers for the week.

WINNER: CorEnergy Infrastructure Trust


Monday Open: $21.74/share

Friday Close: $22.45/share

Change: 3.2%

Our biggest winner on the week, CorEnergy Infrastructure Trust, spiked up to $23.23/share on Tuesday, before leveling out to $22.45/share for the week. The infrastructure REIT reported Q1 earnings/share of $1.10, up from $0.60 last year. 

WINNER: Colony Starwood Homes


Monday Open: $25.50/share

Friday Close: $26.29/share

Change: 3%

Colony Starwood's gain has it closing in on a 52-week high, and news broke Thursday that John Khoury's Long Pond Capital increased its stake in Colony Starwood by 42% over Q1. The residential REIT's fortunes may change soon, though, as Wells Fargo analysts downgraded its stock Friday.

WINNER: Howard Hughes Corp


Monday Open: $105/share

Friday Close: $106.95/share

Change: 1.85%

Howard Hughes Corp rounds out our top three winners for the week, just barely outdoing its Monday prices. The diversified REIT is sitting towards the lower end of its 52-week range (between $79.33 and $151.63/share), while Citigroup rated the stock at "buy" on May 13.

LOSER: RLJ Lodging Trust


Monday Open: $21.66/share

Friday Close: $19.09/share

Change: -11.86%

Bob Johnson's (pictured) RLJ Lodging Trust was our biggest loser of the week. The lodging REIT recently lost its co-founder and long time CEO Thomas Baltimore, who left RLJ to head up Hilton's new REIT spinoff. 

LOSER: Ashford Hospitality Trust


Monday Open: $5.52/share

Friday Close: $4.90/share

Change: -11.23%

Another lodging REIT with a double-digit fall last week, Ashford Hospitality Trust, dropped over 6% on Thursday alone. Analysts have set a consensus price target of $7.37 on Ashford shares.

LOSER: Altisource Residential


Monday Open: $11.05/share

Friday Close: $9.85/share

Change: -10.85%

Altisource Residential rounds out our worst performers for the week with another with a double-digit drop. While the residential REIT did poorly on the week, its portfolio manager, Altisource Asset Management, saw an increase of over 6% on Friday alone.