While the market had a back-and-forth session Wednesday, the truth is that a bigger correction is probably on the way. When you get a pocket of strength, it makes sense to shift to assets that work well in a market not being pushed higher with central bank stimulus. One of those asset classes is real estate investment trusts (REITs). They combine the hard assets of real estate, in many forms from apartments to self-storage, and a flow of dependable income.
If the segment is considered underweight by fund managers, that means there is a solid chance they will be adding the top companies soon, as we are clearly in the last of the cyclical bull market rally that began in the spring of 2020.
The post Top Wall Street Strategist Says Smart Money Is Buying Big Dividend REITs: 5 Top Picks originally appeared at 24/7 Wall St.