For Year 2012, REITs been doing well. Back then, it seems that the dividend yield was one of the critical factors in the decision to buy or sell a stock, and yield compression is one of the favourite terms often being mentioned in articles and analysts' research reports. While the dividend yield may continue to play its role, however one should not loose sight of the capital side of the equation. This bring us to the question "Has yield become a crowded trade"? Ascott Residence Trust continues to trade above the upward sloping support line and within the upper channel of the Andrew's Pitchfork. A move above 1.400 and the ability to stay above the Median Line and upward sloping support line suggest the possibility of testing the Upper bound, followed by closing the gap resistance level (as indicated by the pink box region).
