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PowerShares Financial Preferred ETF Message Board

  • abellantoni2000 abellantoni2000 May 21, 2004 10:32 AM Flag

    HR, HCP, RNP

    Does anyone think these are good buys. They pay 7-9% and have done well for years.

    Also is anyone buying SLA,HTR,ACG at these prices. Thanks

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    • RNP- one of cohen and steer's REIT CEFs hasn't been around for one year yet. I own RQI, also a C+S REIT fund. Nice yeilds, but a lot of that yield comes from realized capital gains as the income doesn't come close to covering the div. On the plus side, over time REITs increase their divs. and show some growth which contributes to their ability to maintain the dividend, but problems could arise in a prolonged bearish enviroment.

      HTR- I like it but I better, I hold 4100 shares, a large position for me.

      Good Luck, KEL(Sawyou on PHY board)

      • 1 Reply to keltus1952
      • I keep trying to buy more HTR at $8.88 but no success yet. I bought a little more HR and HCP(hospitols, assisted living, etc). I like dividend payers that have long term steady growth--like HTR and SLA. Some of the other funds look good short term but when you compare them to HTR 10 year chart they look terrible. Big disappointment this year was JPC--when I bought it I thought it would hold up much better than it has. I also have some tax frees--NIO,NPM,NPT,AMU,OIC which are doing so-so.

 
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