The real estate investment trusts (REITs) sector has had a great run over the last few months, but here are some areas you can still consider for your portfolio, said Paul Puryear, director of real estate research at Raymond James.
“We’re getting up to the top end of our comfort range…Historically, if you start to price in an upturn, that’s about as pricey as we’d like to get,” Puryear told CNBC.
Puryear said he likes REITs that have good balance sheets and management teams. Going forward, he wants to lean more to the growth side, such as the digital or corporate office areas.
Puryear Has “Buy” Ratings On:
Digital Realty Trust
Corporate Office Properties Trust
Health Care REIT
National Retail Properties
Puryear has investment banking clients who own shares of all the companies above.