3 REITs Defy Downtrend with Strong Returns and Upgrades Despite Bear Market
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Tanger Factory Outlet Centers, Omega Healthcare Investors, and Iron Mountain are 3 REITs that have outperformed despite the REIT bear market.
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Tanger has returned 29.48% YTD, Omega Healthcare has returned 27.76%, and Iron Mountain has returned 24.73%.
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Analysts have upgraded their ratings and price targets for all 3 REITs recently.
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Tanger and Omega Healthcare have increased their dividends in 2022. Iron Mountain's dividend yields 4.35%.
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REITs have been hurt by high inflation, rate hikes, lower occupancy, recession fears, but these 3 REITs have defied the downtrend.