REIT Scorecard: Last Week's Winners And Losers
With more retail stores closing and falling into bankruptcy, are retail REITs falling by the wayside? Here's our breakdown of the REIT winners and losers over the course of last week.
CorEnergy Infrastructure Trust posted the biggest gains on the week, rising over 5% from $19.99 to $21.03/share over the week. The infrastructure REIT will be put to the test soon as a key tenant, Energy XXI, just filed for bankruptcy.
SL Green Realty had a good week as well, rising 3% from $102.13 to $105.25/share. The office REIT giant has been a blue chip stock in a volatile market over early 2016.
Iron Mountain rounds out our top three for the week, posting a 2.4% climb from $34.73 to $35.57/share. The specialty storage REIT might have a little to go, as it just received an average target price of $36/share.
Ashford Hospitality Trust posted the biggest drop on the week, falling 9.8% from $6.07 to $5.47/share. The lodging REIT has posted big falls on our "loser" list recently—but that's not hard to do when the shares are in the single digits.
Realty Income posted a 6% during the week, sinking from $63.19 to $59.37/share. One of the biggest retail REITs, Realty Income has just been given an average rating of "hold" by analysts, with a target price of $56.75/share.
The GEO Group rounds out our "losers" for the week falling nearly 6% from $34.45 to $32.42/share. News broke last week that the Teachers Insurance & Annuity Association of America reduced its stake in the specialty REIT by 47.5% during Q4.
