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This Week's REIT Winners And Losers

This Week's REIT Winners And Losers

Here's Bisnow's breakdown of the best and worst performing REITs for the week, as of Friday morning.

The Winners:

  • Retail REIT Realty Income was the biggest winner this week, with shares surging 7.9% (from $55.89 to $60.32). The jump came as Treasury rates trended lower, boosting potential value. On top of that, Q4 future funds from operations (FFO) beat analysts projections by $.02.
     
  • West Palm-based lodging REIT Chatham Lodging Trust's shares climbed 2.9%, from $18.62 to $19.16. The REIT had a good week after a rough January, and it just announced a 10 cents/share dividend to be paid out in March. 

  • Shares of industrial REIT Monmouth Real Estate Investment rose 2.3%, from $10.35 to $10.59, after six ratings firms upgraded the stock to "buy" this week. Three investment analysts followed suit shortly after, Financial Market News reports.
This Week's REIT Winners And Losers

The Losers:

  • Healthcare REIT HCP's shares dropped more than 26%, from $35.60 to $26.18, as the company issued a weak 2016 outlook after beating Q4'15 projections.

  • The infrastructure REIT CorEnergy Infrastructure Trust's shares tumbled 24%, from $15.21 to $11.55, highlighted by an 11% dive on Thursday. The dive comes along with tumbling oil prices, as the REIT tries to scoop up US energy infrastructure assets.

  • Diversified REIT Northstar Realty Finance's shares fell 18.6%, down to $9.06 per share. A large part of the drop came on Tuesday after KBW analyst Jade J. Rahmani downgraded the REIT from "outperform" to "market perform,"  and dropped his price target from $23 a share to $13.