- Digital Realty Trust ($DLR) - Owns facilities that are leased mainly to technology companies to house their electronic equipment (think cloud computing). The larger servers and storage devices need to be in well maintained facilities that DLR offers. Stock is holding above support at $75 and pays a 3.9% dividend yield.
- Public Storage ($PSA) - Sitting on support at $142.50, the REIT owns and operates storage facilities around the country. The current dividend yield is 3.0%.
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
Wednesday, August 15, 2012
2 REITs Looking Good Entering the Day
Sifting through my charts this morning I came across a significant number of strong charts that are at or near oversold levels. Two that caught my eye were in the same sector - REITs.
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