2024-05-09 07:34:08 ET
Summary
- Quick takes on 7 mortgage REITs and 3 equity REITs.
- We have 5 preferred shares that hit the overpriced level. I'll name all 5.
- CCI shareholders should reject the campaign by Boots Capital.
Fast article. Quick takes on each stock.
I also tossed in some preferred shares and BDCs, but that didn't fit in the title. Oh, well.
Mortgage REITs
AGNC Investment Corp. (AGNC): Shares still trade at the highest price-to-NAV ratio among the mortgage REITs. Using recent estimates for book value, it's about 1.11....
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10 REITs In Under 5 Minutes