George,
I look at CEI to see what the general trend of REIT's are showing.
For hotel-HOT&PAH, for malls-SPG, for apts-EQR&IAC&BYA, for self-storage-PSA, for outlets-CCG, for warehouses-CNT&FR, for office-BXP&EOP&CUZ, Manufactured housing-MHC, for suburban office-SPK.
PSA is struggling and I think self-storage might continue to drag for a few more weeks or possible until the next earnings cycle. It appears the growth rates are slowing.
FCH came back strong today also. AER, CUZ, CWN, EGP, EOP, LTC, LXP, MAA. MDN, MRR, PAG, RA, SIZ, VLANS, WEA, WXH were other ones with at least a 2% gain today. Not bad with the Dow giving back all but .23% of a large gain and a down Nasdaq. It appears that REIT's may outperform the market again for the next few days/weeks/months. I didn't show any equity REIT's down more than 2% that I track.
FR & CCG had dividend increases. TRI, NHI. PAG, UMH, TCO all raised dividends in december last year. I don't expect more than 3-4% out of TCO or UMH, but the others could have decent raises.
I expect JDN to hit the low in the next day or 2, but it will probably test 30 after going ex-dividend.
AML, BFS, HPT, & SCA all pulled back into radar range today. These should all show support in the next 1/2 point drop or less. |
