REIT Scorecard: Last Week's Winners And Losers
CorEnergy Infrastructure Trust
CorEnergy Infrastructure Trust posted the biggest gains on the week, rising over 5% from $19.99 to $21.03/share over the week. The infrastructure REIT will be put to the test soon as a key tenant, Energy XXI, just filed for bankruptcy.
SL Green Realty
SL Green Realty had a good week as well, rising 3% from $102.13 to $105.25/share. The office REIT giant has been a blue chip stock in a volatile market over early 2016.
Iron Mountain rounds out our top three for the week, posting a 2.4% climb from $34.73 to $35.57/share. The specialty storage REIT might have a little to go, as it just received an average target price of $36/share.
LOSER: Ashford Hospitality Trust
Ashford Hospitality Trust posted the biggest drop on the week, falling 9.8% from $6.07 to $5.47/share. The lodging REIT has posted big falls on our "loser" list recently—but that's not hard to do when the shares are in the single digits.
Realty Income posted a 6% during the week, sinking from $63.19 to $59.37/share. One of the biggest retail REITs, Realty Income has just been given an average rating of "hold" by analysts, with a target price of $56.75/share.
The GEO Group
The GEO Group rounds out our "losers" for the week falling nearly 6% from $34.45 to $32.42/share. News broke last week that the Teachers Insurance & Annuity Association of America reduced its stake in the specialty REIT by 47.5% during Q4.