Mondays breakouts: REITs are breaking out and this one yielding nearly 5% just hit a record high [Video]

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On today’s Breakouts report, there are 26 stocks on the positive breakouts list (stocks with positive price momentum) and 52 securities are on the negative breakouts list (stocks with negative price momentum). Approximately one-third of the companies on the negative breakouts list are precious metals stocks.

With declining interest rates, investors are scooping up REITs. Discussed today is a REIT whose unit price closed at a record high on Friday – Dream Industrial Real Estate Investment Trust (DIR-UN-T). 

Management has been successfully executing its capital recycling program. The Trust is covered by nine analysts and has a unanimous buy recommendation. It is anticipated to deliver a 9-per-cent total return (including the yield) over the next 12 months. However, target prices have been moving up.

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The REIT offers its unitholders an attractive 4.7 per cent yield with a monthly distribution that has been maintained since 2013.

A brief outline is provided below that may …