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This REIT Stock Is a Screaming Buy Right Now

TheMotleyFool

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This REIT Stock Is a Screaming Buy Right Now

One of Warren Buffett's best-known aphorisms is: "Be fearful when others are greedy. Be greedy when others are fearful." This mindset has helped the Oracle of Omaha amass a roughly $79 billion fortune over more than half a century of investing.

Right now, there is rampant fear surrounding the future of U.S. malls -- and the companies that own them. As a result, investors have dumped shares of mall REITs like Pennsylvania Real Estate Investment Trust (NYSE: PEI). Indeed, PREIT stock has lost more than half of its value over the past year (even after factoring in dividends) and has fallen about 30% just in the three weeks since PREIT released its Q2 earnings report.