This Week's REIT Winners And Losers

With trouble in the crowdfunded eREIT, maybe its good to stick to tradition. Here's Bisnow's weekly breakdown of REIT winners and losers, as of Friday morning.

Correction: Due to an error in our data DCT Industrial Trust was originally posted as a "loser," with shares sinking for the week. DCT shares actually increased, performing well for the week, so they have been removed from the list.

Infrastructure REIT CorEnergy Infrastructure Trust is becoming a regular on this list (as both a winner AND a loser). This week it came out to be the biggest winner, with shares surging over 8% from $15.19 to $16.46. $1.06 of that jump came on Thursday—three days after the REIT released its Q4 '15 earnings data.

RAIT financial trust took second place this week with a 7.8% jump from $2.83 to $3.05, following Monday's announcement of a 9 cent dividend per share. On Thursday analysts put a $3.25/share 52-week price target on the mortgage REIT.

Forest City rounded out the top three this week, climbing 7.4% from $20.43 to $21.94/share. Research analysts at Credit Suisse covered the diversified REIT on Wednesday, setting a high price target of $26/share.

Now on to the losers.

Xenia Hotels & Resorts had the second-largest drop on the week, sinking 4.3% from $16.15 to $15.45/share. The lodging REIT started the week with the resignation of CFO Andrew Welch, and the drop followed (a modest one, considering).

Chimera Investment has a minor drop as well, down 2.3% from $14.22 to $13.89/share. The mythical creature REIT—wait, no, mortgage REIT—has done well in the last two years generally, but struggled through the last half of 2015—no doubt the Fed's will-they won't-they rate hike saga didn't help with that.