Bargain Hunting? These REITs Are on Sale
The real estate investment trust (REIT) sector has cooled off considerably this year. Shares of the average REIT ended April down more than 8% on the year, weighed down by higher interest rates and the overall sell-off in the stock market. That's quite a change from last year when REIT's delivered market-beating total returns of more than 40% on average.
One of the positives of this sell-off is that valuations across the sector are much cheaper. Some REITs are starting to look like downright bargains, including Stag Industrial (NYSE: STAG), Medical Properties Trust (NYSE: MPW), and Store Capital (NYSE: STOR).
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Source Fool.com
