Thu, Mar 5, 2015, 7:59 AM EST - U.S. Markets open in 1 hr 31 mins


% | $
Quotes you view appear here for quick access.

Resource Capital Corp. Message Board

  • h5n1eric h5n1eric Apr 30, 2013 12:40 PM Flag


    CURRENTLY AROUND 24.85...As of yesterday, the yield was 8.31%..."yield-to-call" at 8.43% ...earliest callable date OCT 2017...Others I like are ARRPRB / NRFPRD ...have to do your homework on the time to buy & amt to pay...I'd say go for the NRF-D around 25.15 now...or wait until after the x date (soon)...and pick some up around 24.95-25, maybe? ARRPRB pays divy monthly...x date is the 13th of each month...decide what price you like...DD
    PS... NRF-D is a new/recent issuance, so, the first payout may be cut a bit...not accrued for the full 3 months...I believe it'll cut the payout to 1/3 normal, on the first payout?...after that, it'll be the full amt, per Q ...but don't hold me to that (has a long callable date...maybe 2018?...I have so many "preferreds", I'd have to recheck the divvy dates, dates of new issuance, etc...HAVE A GOOD DAY !

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Gosh...typed "boring" and didn't finish...Ummm...just that Saturday's boring ...make a prediction game on the RSO-PB price just before the x date....I'll guess 25.30....hmmm...whatever...if it rises above that, I'll be fine losing the game. (this is just a 'filler' post)

    • Boring

    • eric, thanks very much for your very intelligent insight. But, how did you come to decide on RSO-B as your top choice when there are others yielding significantly more? For instance MILL-C which has a yield to call of 13.54%. I assume it's all about risk? If it's about risk...wouldn't a better choice be an ETF like SPFF which yields 7.91%?


      Sentiment: Buy

      • 1 Reply to branski2
      • mill is an energy exploration firm. they are 'small cap' but have a lot of potential. most of the e&p drillers are really speculative and are much higher on the risk curve than almost any reit.

        ergo ... a 13+% yield vs. 7.5 - 8.9%'s for many reits. plus, if you have followed the reit space for many years, it is possible to get a sense of each individual companies relative strengths and potentials. so, any pref buy has some understanding of company positions already.

        Sentiment: Hold

    • thanks eric.

      i have whole portfolios full of prefs. and .. a lot are being redeemed currently so i have been replacing with new issues like nrf-d, arr-b etc... there seem to be more coming. while yields on many are much lower it is still possible to capture above 7.50% in many instances.

      sigh ..... for the 'good old days - 08/09' .... sigh .....

      good hunting.

      Sentiment: Hold

      • 2 Replies to priviet
      • You might want to check out "dividendyieldhunter" site, to hunt for 'preferreds'...That site is my BIBLE for checking out preferred REIT stocks....Pay attn. to the "yield-to-call' column (vs. only yield)...and also watch the duration dates....The site updates, so it's a real blessing to have this tool !!

      • Your email sorta freaks me a bit...First, you are polite (unheard of !!)...and then I'm wondering if I know you from the past?

        ...i.e. when I was hunting those REITS back in 2008/09...Like DDR / CBL, etc etc...Yeah, those were the days. I always seem to do a lot better in BAD TIMES...Right now, I've sold off all my 'common' with the exception of POT acquired awhile back...up 10% on that one...But right now, with this crazy FED pumped (Weimar/Zimbabwe) market...well, I'LL PASS !...So, almost exclusively into "preferreds" of many REITS...In the case of these mortgage reits, and with the spread narrowing + possible leverage issues down the line via SEC, I sorta get the idea that mREIT common may have a difficult time making the double digit payouts...and in a bizarre twist, the preferreds may wind up having higher yields...Who knows? But I like the 'preferreds' for now - I do not hunt for common stocks in this sort of market

4.95-0.03(-0.60%)Mar 4 4:04 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.