Real Estate Investment Trusts (REITs) can provide an easy way to invest in real estate without buying individual properties. Now may be a good time to consider REITs as an investment vehicle.
There was an interesting related article on marketwatch.com, 3/28.2018
Michael Underhill, chief investment officer at Pewaukee, Wis.-based Capital Innovations, LLC, likes single-family rental REITS as a housing call. “We’ve got a housing shortage and you don’t have enough product and that’s holding back the buyers,” he said. “The single-family rental space in the mid-market to lower mid-market will be interesting because those types of buyers don’t have a significant amount of wealth put aside to purchase. The consumer will be renting rather than buying out of necessity.”
Invitation Homes INVH, is the leader in the single-family rental space, with about 82,000 homes of the roughly 200,000 held by institutional investors. The stock has a buy rating among FactSet analysts and a target price of $25.86, 14% higher than its Wednesday trading levels.