Bank of America gave an update on the Real Estate Investment Trust, or REIT, sector earlier this week… 

The growth in office space will remain largely slow for the remainder of this year and possibly into next because people simply like working from home, according to analysts. And I must say, BofA has some great analysts. 

But some commercial spaces like data centers, self storage and grocery stores are starting to recover, possibly faster than originally expected. 

This is important for REITs because for the most part, they’ve been lumped into one sector. But the reality is there are major variations to each of these REITs, and it’s only fair to look at underlying business models instead of throwing the baby out with the bathwater everytime we hear “REIT.” 

They’re not all doing the same thing, folks. 

I’m keeping a close eye on the REIT sector, and I’m starting to notice a lot of trends developing in select sub-sectors that BofA touched on. 

There are three REITs to watch closely that are poised for upside gains over the next few quarters… especially with the economy opening back up and the world getting ready for normalcy once again. 

And I can’t wait for normalcy! 

3 REITs to Watch Closely as the Economy Reopens 

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It’s a fully integrated, self-administered and self-managed REIT. And as you’ve probably guessed by now, the company manages and operates self-storage properties, which comprises millions square feet of rentable storage space. 

That’s its primary business model! 

And over the past year, they haven’t been doing too shabby for a boring self-storage business. The one-year return on this stock is 40.22%, and it currently has eight strong buy recommendations. 

I have a price target of about $160 per share over the next 12 weeks, assuming EXR’s price continues to exhibit strength and the overall sector remains bullish. 

But there’s even more where that came from…

I have two more REITs I want you to watch closely, so check out my short video below to get both of the tickers. And feel free to leave your thoughts on them or any other REITs you’re currently watching in the comments section. 

And as always, don’t forget to subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video! 

 

P.S. Thanks to a little-known market loophole, everyday traders can learn how to potentially make weekly profits off a special formula… 

Wall Street legend Chuck Hughes has already used this formula to convert 96.3% of his trades into wins. 

In fact, he’s able to signal profits from the stock market… even when he’s wrong about the direction! 

And now he’s finally ready to reveal all of the details…

Click here to get the details.

 

My Top Stocks Ahead of the Fed’s Next Rate Hike

My Top Stocks Ahead of the Fed’s Next Rate Hike

 Before we begin, I want to let you know that this morning's Trading Pub Roundtable with Don Yocham — featuring Tactical Wealth Investor’s Garrett Baldwin, Austrian trading expert Achim Mautz and yours truly, Senior Strategist Roger Scott — will be held at our new...

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