2024-03-08 02:49:44 ET
Summary
- Back in November 2023 I issued a clear bull thesis on RNP that has generated alpha compared to the S&P 500 and the broader REIT market.
- Because of the recent share price run-up and strengthening case of higher for longer, going long RNP has become less attractive.
- In this article I elaborate on the details why I think that now is the right time to deemphasize this REIT.
In November, 2023, I issued a very bullish thesis on Cohen & Steers REIT & Preferred Income Fund ( RNP ). The underlying motivation behind going long RNP was really based on the combination of inherent fundamentals and the expectation of SOFR finally normalizing....
Read the full article on Seeking Alpha
For further details see:
RNP: Lower Yield And Higher For Longer Make This A Hold Now (Rating Downgrade)