2024-07-20 09:30:00 ET
Summary
- The REIT sector being down over the past 2 years created buying opportunities not only for investors, but for management teams (insiders) as well.
- Insider buying in REITs like Agree Realty and Armada Hoffler Properties indicates the REITs could be potentially undervalued.
- ADC's share price appreciation may make them seem overvalued, but both Armada Hoffler Properties & Agree Realty may still be considered undervalued for long-term investors.
- In my opinion, both REITs still have further room to run, even after their recent share price appreciation.
- Investors that missed the boat may get another chance if history repeats itself in the coming months.
Introduction
Since the latest CPI report, the market has been enthusiastic about interest rate cuts in the near future. One sector that has reacted positively to the news is one that I have been beating the drum on for over a year, the REIT sector ( XLRE ).
With higher for longer interest rates negatively impacting their share prices the past two years, many were trading at or below their pandemic lows, creating a great buying opportunity for investors....
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2 REITs With Significant Insider Buying That Could See Further Upside