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Sun Communities and WP Glimcher: Top REIT Performers in Mid-July

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Stocks with a potentially good return

Some of the top performers of the iShares US Real Estate ETF (IYR) are Sun Communities (SUI), WP Glimcher (WPG), Washington REIT (WRE), Cherry Hill Mortgage Investm (CHMI), and New Residential Investment (NRZ). These stocks are trading above their average volume, having a low short ratio, higher earnings potential, higher return on equity, and low price-to-earnings or PE multiples. Analysts perceive that these are potentially good-return stocks.

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Sun Communities fundamentals

Sun Communities’ total market cap stands at $3.38 billion, having a trailing-12-month PE of 14.4x and an enterprise to book value of 5.04x. The analyst stock price targets hovers around $64, and the current price is $63, which implies that the stock is still undervalued. The short interest ratio for this stock is 7%, which indicates that the market is bullish on this stock. Also, other key ratios like strong asset utilization and higher operating cash flow reflect the company’s efficiency.

Recent news from July 1, 2015, of new global chairman Randall K. Rowe has boosted the company’s share price by 6.34%, and its trading volume has increased to 1.08.

WP Glimcher (WPG) fundamentals

WP Glimcher’s total market cap stands at $2.64 billion, having a trailing-12-month PE of 14.4x and an enterprise to book value of 6.03x. The analyst stock price targets hovers around $18 and the current price is $13.09, which implies that the stock is still undervalued. The short interest ratio for this stock is 4.89%, which indicates that the market is bullish on this stock. Also, other key ratios like strong asset utilization and higher operating cash flow reflects the company’s efficiency.

Some of the liquid real estate ETFs that invest in commercial mortgage-backed securities and residential mortgage-backed securities are CBL & Associates Properties (CBL), the iShares US Real Estate ETF (IYR), Invesco Mortgage Capital (IVR), Capstead Mortgage (CMO), and Penny Mac Mortgage Investment Trust (PMT).

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