3 REITs You'll Want to Own in a Market Correction

While the stock market dipped into bear territory just a couple of weeks ago, it's since recovered a bit and now is in correction territory. That makes this a good time to pick up some shares in companies with beaten-down prices but strong performance records and good prospects.

A correction is generally considered a drop in a major market index like the S&P 500 of between 10% and 20%. And the S&P 500 was about 18% off year to date as of June 27, so that fits the bill. What also fits the bill are three real estate investment trusts (REITs) that are part of that benchmark index.

There are about 30 REITs in the S&P 500 at any time, and I chose the three that are each the largest of their kind: American Tower (NYSE: AMT) in infrastructure, Prologis (NYSE: PLD) in industrial, and Equinix (NASDAQ: EQIX) in data centers.

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Source Fool.com