5 Retail REITs With The Best Relative Strength
Portfolio Pulse from Ethan Roberts
The article discusses the importance of relative strength in selecting retail REITs and highlights five with strong performance, dividend yields, and growth. Alexander's Inc. (ALX) leads with a 15.56% return, followed by Macerich Co. (MAC), Realty Income Corp. (O), Agree Realty Corp. (ADC), and NetSTREIT Corp. (NTST). Analyst ratings and dividend information for these REITs are provided, along with their recent acquisitions and financial results.
January 10, 2024 | 3:29 pm
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POSITIVE IMPACT
Alexander's Inc. has shown a strong total return of 15.56% and pays a high dividend yield of 8.24%. It is managed by Vornado Realty Trust, which owns a significant stake.
Alexander's Inc.'s strong performance and high dividend yield, along with its management by Vornado Realty Trust, suggest a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
NetSTREIT Corp. has a total return of 7.28%, with increased dividends and positive analyst upgrades, suggesting a favorable short-term outlook.
NetSTREIT's positive total return, dividend increases, and analyst upgrades indicate a likely positive short-term impact on its stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Realty Income Corp. has diversified its portfolio and increased its dividend, with a total return of 8.02% over the past month, indicating a positive outlook.
Realty Income's diversification, consistent dividend increases, and solid total return suggest a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
NEUTRAL IMPACT
Agree Realty Corp. has a total return of 7.64% and a growing monthly dividend, with a recent analyst downgrade but another maintaining an outperform rating.
Agree Realty's solid total return and dividend growth are positive, but mixed analyst ratings indicate a neutral short-term impact on its stock price.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
Macerich Co. has a recent total return of 11.65% and a dividend yield of 4.55%. Analysts have a neutral stance but raised the price target, indicating potential stability.
Macerich's recent performance and dividend recovery post-COVID-19, along with a raised price target, suggest a neutral short-term impact on its stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80