In a new report, analysts as Credit Suisse took a look at real estate investment trusts (REITs) and updated their outlook for the space. Overall, analysts remain bullish on REITs and feel that many still offer a compelling valuation at current prices.
Prospect Of Rising Interest Rates
Many REITs have underperformed in the past few months as the market increasingly anticipates a Fed rate hike. The group has lagged the S&P by 6 percent and bank stocks by 10 percent.
Analysts are not surprised to see profit-taking from REIT investors in early 2015 following big gains in 2014. Many REITs began the year at or near all-time highs from a valuation perspective.
Rate Hike Fears Overblown
Analysts believe that REIT investors shouldn’t be…
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