Real estate investment trusts (REITs) are dirt-cheap—but hurry if you like dividends. These generous payers may not be in the bargain bin for much longer.
REITs tend to trade opposite long-term interest rates. The ever-rising 10-year Treasury yield has been a big headwind for these stocks.
But all rising rate periods eventually end in recession. Which brings falling rates. Which hurts stock prices—unless you like REITs.
REITs trade more like bonds than stocks, so they tend to hold up well in recessions. Their dividends, ignored during AI bubbles, come back in vogue as easy money dries up.
So here we go—bargain city!… Read more