Income investors are always on the hunt for higher-dividend yields, but too often stocks with high-dividend yields can be yield traps that are at risk of being cut.
Higher interest rates — and the expectation that even higher rates are on the way — have made the real estate investment trust (REIT) game a difficult one lately.
There are other factors, to be sure, but this industry is highly interest-rate sensitive and it’s been uncomfortable this year.
BMO Capital analyst John Kim downgrades Easterly Government Props (NYSE:DEA) from Market Perform to Underperform and lowers the price target from $18 to $14.
As of the close of business on Wednesday, 11/9, we captured the Top 10 Highest Short Interest % stocks within the Real Estate sector.
The average short interest for stocks within the Real Estate sector stands at 3.02%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.
When an entire sector such as real estate investment trusts (REITs) gets trounced, a lot of decent stocks are thrown into the mix along with those that are not very good quality. Higher interest rates this year have slashed prices and subsequently raised the dividends on dozens of quality stocks, with some now beginning to show signs of life.