These 4 REITs Just Hit Higher 52-Week Highs

Real estate investment trusts are popular with investors now as the consensus view of economists is that the Fed will find a way to begin reducing interest rates sometime later this year. This rate-sensitive sector likes that since it would mean lower re-financing costs and probable increased value of underlying properties.

One quality of REITs is that they tend to pay regular, decent dividends and each of these 4 offers investors attractive yields of 3% or better. This is a diversified list of names which includes properties in the healthcare field, in retail, in mortgages and in industrial assets.

4 REITs With New Highs.

National Health Investors manages 194 properties in 33 states, in partnership with 30 operating partners. The portfolio consists of 106 senior housing centers, 72 skilled nursing sites, 1 hospital and 15 shopping centers. The Murfreesboro, Tennesse-based REIT was incorporated in 1991.

Market capitalization for National Health Investors is $2.73 billion. The stock’s price-earnings ratio is 20 and it trades at 2.18 times its book value. The debt-to-equity ratio is .91. It’s relatively lightly traded with an average daily volume of 174,000 shares. The company pays a 7.16% dividend.

Here’s the daily price chart showing the new high:

Site Centers owns open-air retail properties located in suburban areas of major metropolitan U. S. cities. From corporate headquarters in Beechwood, Ohio, the REIT’s assets include the Ahwatukee Foothills Towne Center in Phoenix, Arizona and Nassau Park Pavillion in Princeton, New Jersey.

Market cap comes to $3.07 billion. The stock trades at 1.53 times book with a price-earnings ratio of 12. The debt-to-equity ratio is .79. This year’s earnings are off by 92% and up over the past 5 years by 22%. Site Centers offers investors a dividend of 3.55%.

Here’s the daily price chart:

Terreno Realty owns and operates industrial retail facilities in 6 major U. S. coastal markets. It’s dual headquartered with offices in Bellevue, Washington and San Francisco, California. The company manages 259 buildings amounting to 16 million square feet.

With a market capitalization of $5.99 billion, the stock’s price-earnings ratio is 37 and it goes for 1.99 times book. This year’s earnings are down by 30% and up over the past 5 years by 10%. The debt-to-equity ratio is .29. Terreno Realty pays a 3.24% dividend.

The daily price chart looks like this:

TPG RE Finance Trust is a “balance sheet lender that originates first-mortgage loans greater than $50 million in primary and select secondary” U. S. markets, according to the company website. Their portfolio includes both multi-family and industrial properties.

With a market capitalization of $601 million, the stock trades with a forward price-earnings ratio of 7.52 and at 53% of its book value. The debt-to-equity ratio is 2.70. Short float for the REIT is 5.37%, somewhat higher than average for the sector. TPG RE Finance Trust now pays a 15.54% dividend.

Stats courtesy of FinViz.com.