Buy These 3 High-Yield REITs While They’re Still Cheap

The buy-the-headline crowd is at it again. This time, they’re dumping real estate investment trusts (REITs) based on a small uptick in 10-year bond yields. Earlier this week, the yield on the 10-year Treasury broke through 1.90% after moving in a range between 1.70% and 1.80% for the better part of April. As is often the case, the jump had the opposite effect on REITs. Here’s how the Vanguard REIT Index ETF (VNQ) , my favorite REIT ETF and a good proxy for the sector, has performed in the past week: Why the decline? Investors are worried rising rates will make REITs less attractive, as yields on so-called “safe” investments like Treasuries shoot higher. But... Read more