O $53.57
When you are searching for REITs to get into, you start to hear a lot about Realty. They are a popular REIT stock and I agree that they seem to be a good one. These are people who buy property and build a store on the property and lease the building to a store. Several Walmart, Walgreen, CVS, etc. stores are leased from them. They build malls, and strip malls as well.
I was a little afraid to get into this one because I was always reading about store closings. I know that lots of the big-name stores are closing branches. But it hasn’t seemed to hurt the stock. I watched for a long time on this one though. Since I didn’t see much fluctuation when I read about some chain store closing 100 stores, I figured that they had a pretty good grasp on how to make this thing work.
I’m happy with the stock so far. The value hasn’t gone up all that much, but it has been a good stock to own. The dividend is very nice, and it is quite consistent, and the stock does well too.
