We all love an unloved stock – at least value investors do. Roger Conrad is one of the most respected dividend investors, and he says Mid-America Apartment Communities (NYSE: $MAA) is an unloved REIT among unloved REITs – and may rise from roughly $150 now to $200 or even $250 in the coming years.
Roger thinks the market is overblowing the risk of a bad economy and the notion that there’s too much Sunbelt housing supply coming on line.
He points out that Mid-America, his favorite real estate investment trust, just hiked its dividend by 5% (it yields a bit under 4% at present). It has a mid-investment grade credit rating, which should help it score capital for deals, too.
And if (or when) the Federal Reserve cuts interest rates, high yielders like REITs should look more attractive.
Every investment has risk, including Mid-America. Watch this video to see if you agree with Roger that this unloved REIT in fact deserves to be loved.
Click here or on the image below to watch:
This article is for informational purposes only and is neither investment advice nor a solicitation to buy or sell securities. All investment involves inherent risks, including the total loss of principal, and past performance is not a guarantee of future results. Always conduct thorough research or consult with a financial expert before making any investment decisions. Neither the author nor BBAE has a position in any investment mentioned.
