Thanks for the tip on AGO. I've not looked at the company in the past, but will check out the preferred.
Still love NNN-E at the current level. The yield is up to about 7.35% on those shares now.
An IRA is a suitable place to put real estate stocks, both common and preferreds.
I would avoid taking investment advice from this message board.
And the people that owned before 1994 - their cost basis must be incredibly low!
I agree with boards not being cheerleader sites, and have found that some of the Seeking Alpha authors are just that. It should also not be a place to bash any company - if people don't like a stock then they don't need to buy it. They are free to short any stock at any time.
Sometimes the entertainment value here is pretty good, as I find that most REITs are boring as they have most tenants signed to long-term leases.
Actually, I really doubt if all of the shares being sold lately are for "tax selling." The vast majority of long-term owners of the company have large capital gains. Many REITs are just out of favor now, and the charts of many REITs look the same.
I think you are right. Some time ago, I bet Donk was affiliated with O and was somehow terminated or let go.
Can you imagine him sitting somewhere in the tax department, asking how to process K-1's for all of the investors, and then being told by management his services were no longer needed? I sure can. He may still not even know that K-1's are not needed.
I agree. Happy Thanksgiving to everyone! We should be thankful that most of us here are able to own stocks, as many in America do not have the resources to own stocks. Don't forget to support your local food bank or pantry if you get a chance over the next few weeks.
Thanks. Good purchase on the R shares. The company has been one of my long time favorites - until interest rates dropped and shares yielded less than 6%.
PSA is one of the only companies that I will break my 7% requirement for.
I'm sitting back and watching.
PSA also has some great preferreds. Company is the best in the REIT business, if the yield of 6.7% works for you.
Have a great Thanksgiving if I don't see you on the board before the holiday.
David, NNN preferred shares went ex dividend today and that explains the reason for the drop.
I still like the company and will pick up more shares as funds allow.
You know he will be doing that again!
Happy Thanksgiving Corr!
Agreed. Any thoughts on SLG preferreds? They are big in Manhattan and the preferred yields about 7.3%.
At least for now, I still like NNN and PSB preferreds. UBP is also one of the major preferreds I like. They are a quality company, but have no credit rating. Check out the F shares.
You may be right, but it is possible the stock could trade that low in the next six months. If it gets to 30, then I will be a buyer.
Wow, O continues to fall especially over the past five trading days - and on no news at all.
I'm not going to buy any shares yet until I see the company form a base. It is actually possible that I may be able to pick up shares and get a yield of 7%.