Published on 21 Sep 2023 on Benzinga
3 REITs With Upgrades Before The Fed Meeting - AGNC Investment (NASDAQ:AGNC), Annaly Capital...
The onset of multiple rate hikes by the Federal Reserve in the early spring of 2022 has proven to be a difficult headwind for interest-sensitive assets such as real estate investment trusts (REITs) to overcome. Two reasons REITs struggle in rising interest rate environments are that borrowing money to fund acquisitions becomes more expensive, and Treasury bonds and CDs become lower-risk alternatives for investors seeking income.
With the Federal Reserve scheduled to meet this week, you might not expect to see several REITs receiving upgrades before the meetings. Yet, the week began with just that scenario. Take a look at three REITs that just received analyst upgrades: