Anyone with current information on the amount of shorting on this stock? Pretty sure RNP not on the "non-shorting" list. All that shorting money has to go somewhere. As I am long and a bunch of RNP in wife and my retirement for their dividends, will not be selling. Actually, getting beat down so much looking at buying some more. All that oil money looking to buy US real estate over next few years will produce strong REIT pricing.
I agree with you. Investors are over reacting to REITs and REIT funds that also own bonds and preferreds. Bonds and preferreds will be paid off prior to any common in any bankruptcy. And the related common shares have not gone to zero.
Either buy more or just sit tight. Realty check will happen sooner or later. Enjoy the dividends and eventually the appreciation.
Buyers avoiding anything connected to financial markets. Sure hope fund is buying back their authorized 10% of shares at this level. I'm picking up a few more shares for my retirement now ($13.90 price)