1 Cheap Stock to Buy Now
When the COVID-19 pandemic spread across the United States in early 2020, the stock market went into a free fall. One of the worst performing sectors was real estate.
This certainly makes sense. After all, real estate investment trusts, or REITs, generally own physical buildings that rely on the ability and willingness of people to go places. Even after the vaccine-fueled rebound we've seen recently, many real estate stocks remain beaten down. While the S&P 500 has produced a 16% total return in 2020, the real estate sector's return has been negative 14%.
However, there are some excellent bargains in the real estate sector for patient investors. One of the most compelling is STORE Capital (NYSE: STOR), a net-lease REIT. It's down by about 19% from its pre-pandemic peak, but doesn't really deserve to be trading for such a steep discount.
Source Fool.com
