BernardaSv
Introduction
With the CPI report that came out recently, the market seems to be enthusiastic about rate cuts coming soon. When I looked at my portfolio and saw all my REIT positions up nicely, I knew the report must have been
The REIT Rally Has Started: 2 Picks That Still Offer Double-Digit Upside
Summary
- The stock market was enthusiastic about potential rate cuts after the latest CPI report showed inflation cooling.
- REITs are likely poised for further upside post rate cuts.
- I share two REIT picks with double-digit upside by the end of 2024.
- Realty Income and VICI Properties offer double-digit upside of 38.5% and 20.4%, respectively.
- Both REITs are up roughly 6% and 5%, respectively, since the CPI report on July 11th.
Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran who enjoys dividend investing in quality blue-chip stocks, BDC's, and REITs. I am a buy-and-hold investor who prefers quality over quantity and plans to supplement his retirement income and live off dividends in the next 5-7 years. I aspire to reach and help the hard working, lower and middle class workers build investment portfolios of high quality, dividend-paying companies. I also hope to give investors a new perspective to help them reach financial independence.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of O, ADC, VICI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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