There's been trouble in the REIT world as of late, most notably the board of directors waging war at Monogram Residential Trust. Let's see how other REITs did this week on the market (instead of the battlefield).
Winner: Owens Realty Mortgage
Owens Realty Mortgage topped our list of winners with a 7% increase from $15 to $16.07/share on the week. The good numbers came as the mortgage REIT sold a Miami multifamily complex for $82M on Tuesday.
Winner: CorEnergy Infrastructure Trust
CorEnergy Infrastructure Trust fared well this week, rising 5.19% from $16.55/share to $17.41. The infrastructure REIT is continuing a two-week tear on our "Winners" list, after tumbling back in February.
Winner: InfraREIT
InfraREIT rounds out our three winners, rising 4.32% from $16.43/share to $17.14. The infrastructure REIT was recently downgraded from "outperform" to "neutral," but that didn't seem to hurt its performance for the week.
Loser: Altisource Residential
Altisource Residential was our biggest loser for the week, sinking 7.1% from $12.25/share to $11.38. The largest chunk of that drop came in a 6.63% fall on Wednesday.
Loser: Ashford Hospitality Trust
Ashford Hospitality Trust saw the second biggest drop on our list, sinking 6.1% from $6.14 to $5.76. The cheap lodging REIT came back down to earth this week after seeing a 6% jump on March 18.
Loser: Bluerock Residential
Bluerock Residential rounds out our three losers with a 5.7% drop from $10.96/share to $10.33 on the week. Investors are taking notice of the falling REIT, with short interest shares expanding over 16% since the end of February.
