This rising interest rate scenario is going to be a common theme for next year and, thus, a headwind for this stock. I love the yield but prefer to hold a combination of stocks operating under different macro environments. One good one could well be regional banks (KRE) with rates rising. Industrials as well. Buy the dips and sell the rips on NRF.
Can only ascribe the weakness in Reits to the revival of taper discussions after the strong Chicago PMI. We saw what happened this summer when the dreaded taper talk was invoked, i rates jumped to the detriment of i rate sensitive instruments. I love NRF, however, I look at this in terms of total return, not solely the dividend. Nice to achieve a 9+% yield but not at a declining stock price.