Yes, but many areas of the country are overbuilt, and many REIT's are running into impairment costs, which can affect their dividend and hit their equity price hard. Look at AIMCO out of Denver. HME is a conservative company and its dividend looks good. You have to get 7% on these things so HME at 60 I don't see. Maybe $40 sometime. Maybe.
Was under $30. in March and flirting with under $30 again. Every level of gov't is looking to help the residential real estate/homeowner with credits and subsidies yet number of vacant houses still growing. No one is helping Apt. dwellers and expect lower occupancy rates and increased rent defaults as unemployment keeps going. Say it ain't so
Got out in the 40's and waiting for a lower than today PPS to re enter Figure the lenders decision to let renters stay in forclosed properties will cut apt demand. Plus expect Rent to Own will be the wave of the future to clear REO backlog. With unemployment, all will hold down Apt rents and occupancy levels.. Expect under 30 by May IMHO