We are now poping through $27 --WOW!
Stretch your imagination a little. 6% is a pretty good yield from any stock nowadays, is it not? In my opinion, REITS could come to yield 4-6% as the investment public scrambles to find yield in the next couple of years. MAA, at $39 ,would yield 6%.
Asset values will probably keep REITs anchored to a more modest reality. And, per the company's own view, the asset value here is $25-28 or so.If it gets to $39, it will be a bubble stock.I'd rather see it stay Real, like the theme of their annual report.