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 Thursday—three 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.
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