BNL - Buy The Dip: 2 REITs Getting Way Too Cheap
2024-02-23 07:30:00 ET
Summary
- REITs are selling off again.
- We are buying the dip because we expect a rally later this year.
- We highlight two REITs with significant upside potential.
Just a few days ago, I posted an article entitled " The More REITs Drop, The More I Buy " in which I explain why I think that the recent dip in the REIT market is a buying opportunity.
In short, REITs sold off in recent weeks because of strong economic data that suggested that interest rates likely won't be cut in March. These days, most investors are so short-term oriented that this was enough of a reason for REITs to sell off: