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.

Winner: CorEnergy Infrastructure Trust

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 Thursdaythree days after the REIT released its Q4 '15 earnings data.

Winner: RAIT Financial Trust

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.

Winner: Forest City Realty Trust

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.

Loser: Xenia Hotels & Resorts

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).

Loser: Chimera Investment Corp

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.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands