REITs Tuesday Morning At The Open: Kimco Realty, Park Hotels and Host Hotels All Up


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As the stock market continued to rally off of the early June lows, real estate investment trusts definitely seemed to follow suit this morning.

Host Hotels & Resorts Inc HST is kicking off the trading day with a strong gain. It’s up by 3.43%, a much better look than yesterday’s negative day:

Based in Bethesda, Maryland, Host Hotels owns 78 hotel properties with more than 70,000 rooms and calls itself “the world’s largest lodging resort.” At this price, it’s paying a 1.50% dividend. 

Latest Real Estate Offerings:

Park Hotels and Resorts Inc PK this morning gapped up above yesterday’s closing price, an indication of definite investor interest in buying:

That’s a 3.9% gain, if gains hold by the close, that would make it 3 up days in a row for this hote REIT with properties in Hawaii, Florida, San Francisco, Boston and other popular travel destinations. Park is paying a small .28% dividend at this price.

Related: 3 Non-Traded REITs To Consider Adding To Your Portfolio

Kimco Realty Corp KIM is up by 2.61% this morning. If that holds, this would be the 5th day in a row of solid gains for the units:

You can see on the chart that it has a long way to go to reach the April high of $26.

The Jericho, New York-headquartered REIT owns and operates what it calls “grocery store anchored shopping centers.” Kimco is paying investors a 3.94% dividend.

All of the major real estate investment trusts we follow are showing gains this morning. We’ll see what it looks like at the close.

Don't Miss: The Lazy Landlord Podcast: How To Thrive In A Bear Market With Dividend Paying Real Estate Stocks - Ed Pitoniak, CEO of VICI Properties

Not investment advice. For educational purposes only. 

Photo by Vintage Tone on Shutterstock

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