Published on 5 Jan 2024 on Benzinga via Yahoo Finance
5 Great REITs To Buy In 2024
Investors looking ahead into 2024 will find real estate investment trusts (REITs) to be an attractive sector of the stock market to own. After two years of inflation and Federal Reserve interest rate hikes, the tide seems to have turned. The Fed has paused rate hikes for three consecutive meetings and is telling Wall Street to expect three rate cuts in 2024. Some on Wall Street are surmising there actually could be more than three cuts this year, yet REITs have rallied hard recently, taking the Fed at its word.
While it's difficult to say for sure which of the approximate 200 REITs will have the highest total gain over a full year, there are certain measures to look for to assist investors in selecting high-quality REITs that should perform very well over the full year ahead. They are: