5 REITs That Suffered The Worst Losses Last Week
REITs joined the rest of the stock market last week in the steady selling of shares as investors began to anticipate the effects of higher interest rates. These five sold off the most and are worth watching ahead of Wednesday’s Federal Open Market Committee meeting where rate hikes may be announced. Power REIT (NYSEAMERICAN: PW) (-6.17%) is diversified among three industries: controlled environment agriculture (greenhouses), solar farm land and transportation. No dividend is being paid. With a price-earnings (P|E) ratio of 10 and trading at a 22% discount from book value, the REIT may fit the value stock profile. Despite the 6.17% one-day loss, the REIT managed to remain above the mid-July support level where a great deal of buying volume came in. Check out: This Little Known REIT Has Produced Double-Digit Annual Returns For The Past Five Years Ashford Hospitality Trust Inc (NYSE: AHT ) ( - 4.17%) is a hotel and motel real estate investment trust (REIT) that does not now pay a dividend.
5 REITs That Suffered The Worst Losses Last Week
REITs joined the rest of the stock market last week in the steady selling of shares as investors began to anticipate the effects of higher interest rates. These five sold off the most and are worth watching ahead of Wednesday’s Federal Open Market Committee meeting where rate hikes may be announced. Power REIT (NYSEAMERICAN: PW) (-6.17%) is diversified among three industries: controlled environment agriculture (greenhouses), solar farm land and transportation. No dividend is being paid. With a price-earnings (P|E) ratio of 10 and trading at a 22% discount from book value, the REIT may fit the value stock profile. Despite the 6.17% one-day loss, the REIT managed to remain above the mid-July support level where a great deal of buying volume came in. Check out: This Little Known REIT Has Produced Double-Digit Annual Returns For The Past Five Years Ashford Hospitality Trust Inc (NYSE: AHT ) ( - 4.17%) is a hotel and motel real estate investment trust (REIT) that does not now pay a dividend.