I have owned this for a while from when price was about $65. It seems like O it has gotten very big. They don't always meet their guidance, but do give guidance on distribution increases. Like EPB they got hit last week when they lowered their dist. guidance for 2014 by a few pennies. They might eventually buyout EPB so that might be a better buy for capital gain. For the past few 2 years it has been in this trading range of mostly $78-$90. So now at the low end, but had a big bounce Friday. It seems like a good buy to me. 2014 distribution goal of $5.58 would mean about 7% yield at $80 per share
You like to quote analysts . So anyway. Analysts who follow CLX have 1 year target of 88, those following O have target of 42. Just sayin'
Not that it really matters to income investors, but I would guess that a year from today the total return for O will probably be double that of CLX. I would be staying away from companies trading at their all time highs like CLX. Even you said it was overpriced
What a great time for income investors. Unemployment down, economy improving. Good news for triple net lease companies. Company will continue to be a safe place to get a good return from secure dividend. Lower prices mean higher return. If you are a growth investor look elsewhere. But some good buys for income now
Well true, the REITs are taking a beating now. But can you say that the fundamentals are any different than a month or two ago? I don't think so. As for the bottom? I'd rather make some buys at various points and leave the predictions to others. On another note. I added to my position in EPB today. Disappointment with forecast of only 2% raise in distribution next year.
purchased the 'a' awhile back at about 19 when the company was trying to fight off this lawsuit. I held and got a nice return for a while. I sold at about 24.50 because I felt it was about at its max price. The company won that suit and the common is up from about .75 to close to $6. (I guess that would have been a good buy!!) After I sold they came out with the 'b' at the higher yield and the' a' quickly dropped back to about $22 to reflect that. Now recovered somewhat. The company seems to be on solid footing and I was thinking of buying the GST-A again. Obviously not investment grade, but perhaps worth the risk for a small position.
Both shorts and long can make money. I added to my position at 34.80 today. Happy to receive this distribution. If anyone shorts and goes a bit lower and they profit, then good luck to them also
Well it is amusing. Because he can only reply once or twice before he gets tied up in his own inconsistencies and has to resort to insults. But you know that definition of insanity--Repeated the same action over and over and expecting a different outcome. So I guess when we try to engage him in a rational discussion , over and over again, and expect a different response from him-Well then maybe we are insane!!!!
to try to discuss anything with someone who is irrational. But even rising interest rates do NOT impact their current properties. They could just continue to pay the current dividend and continue to be profitable without any new acquisitions. I too would allocate more at those lower prices. For a buy and holder it would be good entry point.