Author Bio
Reuben Gregg Brewer believes dividends are a window into a company s soul. He tries to invest in good souls.
The mall real estate investment trust (REIT) sector got hit hard by the coronavirus pandemic. Even companies like
Macerich (NYSE:MAC) that own malls in good locations weren t spared. As the world looks to move past COVID-19 with new vaccines, is now the time to buy this mall REIT, which yields almost 5%? Read this before you do.
Where 5% falls
When you look at the mall REIT sector, there are basically just three companies that still pay dividends: Macerich, with its 4.9% yield; factory outlet center specialist
1 Reason Simon Property Group Could Keep Winning
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Tanger Outlet Centers Schedules First Quarter 2021 Earnings Release and Conference Call
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Either overcoming COVID-19 or benefiting from it, many major companies in Lancaster County rebounded in the fourth quarter with higher net profits, according to their financial reports.Â
A survey of 12 publicly held companies based here or with sizable operations here found that nine posted better net profits in the October-through-December period, compared to the fourth quarter of 2019.Â
The fourth-quarter outcome flipped the script from the third quarter, when nine of 12 companies fared worse, often because they could not overcome the financial hit from the pandemic.Â
The surveyed companies, which employ more than 7,000 people locally, were selected by LNP | LancasterOnline to represent a cross-section of local economic sectors. Hereâs a summary of how the 12 performed, based on the quarterly financial reports they released over the past four weeks.Â
The week s bullish calls included electric vehicle makers and the king of e-commerce.
Some so-called meme stocks highlight the bearish calls that were seen.
We are about a year out from the market s pandemic plunge, which was followed by a recovery that Wall Street historians will no doubt be studying for years.
In the past week, optimism on the vaccine roll-out and the newly inked stimulus package has been offset by fears of inflation, which have weighed on tech and growth stocks especially. The Nasdaq was briefly in correction territory during the week, but that didn t stop the big three indexes from hitting new all-time highs.