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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?


To: Lee Bush who wrote (1933)8/31/2000 12:01:40 AM
From: Richard Barron  Respond to of 2561
 
Lee,
The ^RMS has been heading down for a few weeks. I think yesterday was the intermediate low, and they will trend up some more. I would have expected a pullback of this sort possibly as low as 326-335 on the ^RMS. I like to watch EQR for leadership in the REITs, and it started the reversal yesterday, with strong price action today.

I think a few out of favor office REITs are very attractive at these prices, including GLB, HIW, CLI and PP. I also traded some more EPR. PSA announced an additional .60 for the next dividend. GTA started to show some decent volume today, and may take a run towards 15 and 16. Some high quality REIT leaders still at attractive prices (10% off recent highs) include CUZ, AIV, BRE,CPJ, PPS, PSA, SLG and SPG(currently out of favor).
Richard