These 4 REITs Climbed To New 52-Week Highs This Month

These real estate investment trusts kicked off the new year with a continued rise in their prices. At a time when the nation’s gross domestic product is coming in at a more than 3% increase, investors seem to be feeling good about this sector. It’s typically an interest rate sensitive group with company executives likely following actions by the Fed.

4 REITS With New Highs.

Acadia Realty Trust invests in retail properties in New York, New York, Chicago, Illionois, Los Angeles, California, San Francisco, California, Washington, D.C., Boston, Massachusetts and other locations around the country. The company is headquartered in Rye, New York.

Market capitalization is $1.77 billion. The REIT trades at a 1% discount to its book value with a price-earnings ratio of 90. This year’s earnings are up by 133% — analysts expect next year’s to be off by 23%. Acadia’s debt to equity ratio is 1.16. Investors are paid a 4.08% dividend.

AGNC Investment is a residential mortgage REIT based in Bethesda, Maryland. It’s exceeding analysts expectations this month with a price of above $10: in December 2023, UBS had “resumed” coverage with a price target of $9 and in November 2023, Barclay’s had it as “equal weight” with a target of $8.

Market cap comes to $6.58 billion. This Nasdaq-traded security has an average daily volume of 15 million shares. Earnings this year are down by 15% and for the past 5 years they’re off by 25%. The REIT trades at 1.03 times book. AGNC currently pays a 14.50% dividend.

Digital Realty Trust describes itself as “the world’s largest data center platform” connected to more than 300 data centers in over 25 countries. From corporate headquarters in Austin, Texas, the company recently announced the expansion of its “ServiceFabric,” a platform designed to aid artificial intelligence-related activities.

Market cap is $43.37 billion. This year’s earnings are up by 164% — over the past 5 years, EPS has increased by 2.40%. The REIT is trading at 2.48 times book with a debt-to-equity ratio of 1.00. The NYSE-listed Digital Realty Trust pays a 3.41% dividend.

Rithm Capital is a mortgage real estate and financial services investment trust, founded in 2013 and headquartered in New York, New York. The company focuses on these areas: lending and servicing, real estate services, real estate investing and asset management.

With a market capitalization of $5.31 billion and trading at 89% of book value, the REIT’s price-earnings ratio sits at 7.57. The debt-to-equity ratio is 3.56. Earnings this year are up by 40% and down over the past 5 years by 10.63%. Rithm Capital offers a 9.10% dividend.

For comparisons sake, take a look the daily price chart for the REIT group’s benchmark, the Select Sector Real Estate SPDR Fund:

Note that the price for the real estate group as a whole peaked in December and spent most of January (thus far) in a downtrend. The 4 REIT’s listed above have outperformed the sector — no guarantees exist that this will continue but it’s worth considering for those investors conducting further research.