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Cramer Quick Take: My Top REIT Pick

NEW YORK ( TheStreet) -- Which real estate investment trusts are worthy of your investment?

TheStreet's Jim Cramer told Debra Borchardt that while the REIT space has been unattractive for much of 2013, it may be time to look at American Realty Capital (ARCP - Get Report).

The company boasts a solid 7% dividend yield and, Cramer added, the CEO, Nick Schorsch, is excellent. Taking it one step further, he said to short General Growth Properties (GGP - Get Report).

Switching from REITs to momentum stocks, Cramer said online real estate database Zillow (Z - Get Report) made a brilliant acquisition in StreetEasy, the "go-to" site for New Yorkers, which should help Zillow gain exposure in that market.

However, while the acquisition may have been good, he warned about Zillow's high short interest and big secondary offering of 2.5 million shares. The company may have to continue making acquisitions in order to keep up with Trulia (TRLA).

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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SYM TRADE IT LAST %CHG
ARCP $9.24 -0.22%
GGP $27.51 -1.40%
Z $95.91 -1.90%
AAPL $128.70 -0.19%
FB $78.81 -0.23%

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