Many real estate investment trusts are having problems getting going what with the likelihood of interest rates staying the same or going higher. This rate-sensitive sector is generally either selling off or going nowhere — with these 4 exceptions finding ready and willing buyers.
Each one has a unique story that may explain why their stock price goes up while the sector mostly just sits there or just begins to fade.
Here’s the daily chart for the benchmark Real Estate Select Sector SPDR Fund:
You can see how this REIT ETF peaked in late December 2023 and has failed to reach that level even after a few tries as 2024 progressed. The high was just above $40 and the fund now goes for $36.87 after dropping down to $35.50 earlier in April. It’s been trading below the down trending 50-day moving average since early in the month.
4 REITS Now At 52-Week Highs.
The CareTrust daily price chart is here:
This is a specialty REIT known for its investments in nursing homes, seniors housing and similar types of healthcare facilities. From corporate headquarters in San Clemente, California, the company this month invested $60 million in 3 Southern California continuing care retirement communities.
Earnings this year are up by 108%. The past 5-year EPS record is off by 7.07%. Market capitalization is $3.33 billion. CareTrust offers its shareholders are dividend of 3.98%.
National Health Investors has a daily price chart that looks like this:
The 50-day moving average crossed above the 200-day moving average in mid-November 2023, a heads-up of the upward move to come. The stock peaked this week at just above $63. Market cap comes to $2.73 billion.
The company’s earnings this year are down by 10% and down over the past 5 years by 3.15%. It’s relatively lightly traded for an NYSE-listed stock with an average daily volume of 182,000 shares. National Health pays a 5.73% dividend.
Here is the daily price chart for One Liberty Properties:
This week’s new high of $22.94 is up from the early October low of just below $17 for a sweet 34.9% increase for those who bought the low and held on. The 50/200-day moving average crossover came in mid-December 2023. Both of the moving averages continue now to trend higher.
Market capitalization is $487 million. Earnings this year are down by 60% and over the past 5 years, they are up by 5.61%. This is another lightly traded REIT: average daily volume is 87,000 shares. One Liberty Properties pays a dividend of 7.85%.
Welltower
Welltower
The October low is just above $77 and the current price is $95 for a gain of 23.37% from the bottom to the top. It’s impressive that the price has traded well above the up trending 200-day moving average for all of this chart.
The company invests in healthcare facilities including seniors housing operators, post-acute care providers and health systems. Market cap is $54.49 billion. This year’s earnings are up by 90.45% and down over the past 5 years by 10%. Welltower pays a 2.55% dividend.
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