The real estate investment trust (REIT) sector has been undergoing massive consolidation lately. Known as “dividend cash cows,” investors find a safe haven in REIT stocks when the tides are running low. Private equity firm Blackstone Group (BX) has jumped on the REIT bandwagon lately, with multiple investments and purchases being made in the sector recently. REITs typically acquire and dispose of assets on a regular basis, making it a very dynamic sector. Additionally, bigger fish in the industry are constantly on the lookout for attractive smaller ones. One such deal attracting maximum traction today is Prologis's (PLD) offer to buy Duke Reality (DRE).
https://www.tipranks.com/news/article/prologis-pitches-to-purchase-duke-realty?utm_source=advfn.com&utm_medium=referral
Prologis (NYSE:PLD)
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Prologis (NYSE:PLD)
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