5 REITs That Outperformed The Market On Monday

5 REITs That Outperformed The Market On Monday

After weeks of intense and relentless selling, have real estate investment trusts (REITs) finally bottomed?

No one can say for sure, but REITs in general had a very good day Monday with some of the best up moves in awhile. 

The following five REITs easily outperformed the Standard & Poor’s 500 on Monday, and that benchmark index was up 2.65%. 

Host Hotels & Resorts Inc. HST is based in Bethesda, Maryland, and operates 78 hotels in 20 U.S. markets.

The 3.39% move up ran into sellers at the declining 50-day moving average. Note that Host’s September low remained above the early July low, a potentially positive sign.

Summit Hotel Properties Inc. INN is headquartered in Austin, Texas, and runs a portfolio of 102 hotels of which it wholly owns 61.

The Monday gain of 5.32% is solid, but the REIT has a lot of work to do to be considered bullish again. A few closes above the declining 50-day moving average would be helpful.

Ryman Hospitality Properties Inc. RHP is based in Tennessee and owns the Gaylord Opryland Resort & Convention Center in Nashville, among other properties around the country.

The 4.45% increase takes the price back above a declining 50-day moving average, a positive sign for the stock.

Sunstone Hotel Investors Inc. SHO is headquarters in Irvine, California, and has a portfolio of lodging properties around the U.S.

The stock has a way to go before it can be called bullish again, but Monday’s 3.88% gain continues the move upward from the beginning of October.

Simon Property Group Inc. SPG has corporate headquarters in Indianapolis, Indiana, and owns shopping, dining and mixed-use properties in the U.S., Europe and Asia.

The 3.43% move up found sellers at the 50-day moving average. Note that the volume gained quite a bit on Monday’s higher price, a confirming factor for bulls.

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Not investment advice. For educational purposes only.

Posted In: Alternative investmentsreal estate investingREITSmall CapReal Estate
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