Investors optimistic for retail REITs on Black Friday – Alpine…

Investors optimistic for retail REITs on Black Friday – Alpine…

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Retail stocks had mixed results during Friday’s trading session Early reports suggested the shopping holiday was starting at a slower than normal pace.

Real Estate Investment Fund (REITs) with retail tenants, however, traded mostly higher on Friday.

Alpine Income Property Trust Inc JAW gained 1.39% for the day to close at $18.96 per share. The net lease REIT is lessor for some big retailers like Walmart Inc WMT, Lowes Companies Inc LOW and BestBuy Co. Inc BBY.

Alpine is still down 7.8% for the year but is up 4.45% over the last month. The company pays a dividend of $0.28 per share, which translates to a 5.9% yield.

Realty Income Corp O was up 0.5% for the day and closed at $64.85 per share. That Monthly Dividend Company® has a portfolio of over 11,700 commercial properties in the US, UK and Spain. The largest retail tenants include companies such as Walgreens Boots Alliance Inc WBA, Dollar General Corp DG, Home Depot Inc HD, CVS Health Corp CV, Sainsbury’s JSAIY and several others.

Realty income is still down 8.92% for the year but is up 7.01% over the past month. The REIT pays a monthly dividend of $0.25 per share for a 4.71% yield.

Kimco Realty Corp KimNorth America’s largest publicly traded owner and operator of outdoor grocery shopping malls posted a modest gain of 0.4% on Friday to close at $22.72 a share.

The REIT’s top retail tenants include TJX Companies Inc TJXHome Depot, Albertson’s Companies, Inc. ACItarget company TGT and many others.

Kimco’s share price is down 7.57% for the year but is up 10.83% over the past month. The company recently increased its quarterly dividend to $0.23 per share, for a dividend yield of 4.49%.

Weekly REIT Report: REITs are one of the most misunderstood investment options, making it difficult for investors to spot incredible opportunities until it’s too late. Benzinga’s in-house real estate research team has worked hard to…

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