Picked up some SNR today at 13.90. Not as large as MPW but growing and pays 1.04 annual divvy. Now own 4 medical REITs. They seem to be nearing a bottom and I hoped to rebalance the portfolio a bit.
What a coincidence. That was also my leverage down cost $13.93! It actually went to 13.75 before rebounding but I was at the gold course today (very nice weather today). I'm happy with this price and am just trying to rebalance the portfolio a bit. Too much energy/MLPs and financials.
Well, after thinking about this, I've decided to begin leveraging down. At 7 percent yield, catching this falling knife shouldn't be that problematic! Order placed!
At the present payout, the yield is getting close to 8 percent, is it not? The REITs are all down in anticipation of rate moves. Isn't this a good time to begin thinking about screening the REITs for the best buys? The ones with least/best debt positions? Could be close to a good buy opportunity. I'm considering some serious leveraging down here very soon.
Where's your rationale for making such a dumb statement? Usually, if it goes under $25, CLMT will ramp up big time!
It is obvious that not so hot is a sorry a speculator who doesn't have a clue. If BAC does make an expected $2 annual earnings, the divvi will triple and the valuation will soar into the twenties. I hope "hot" doesn't lose it all day trading but it doesn't look good for him/her.
CNBC reported recently that Citigroup has a $37 price target on NEWM. I didn't really catch what their justification was. Seems as though others (Zachs) have cut earnings estimates recently from $1.25 down to .85. That is quite a divergence! I've not added to NEWM or SNR but have been watching them. I did load up on NRZ early on and that has done quite nicely. I already hold a couple of medical REITs which are currently not performing too well either but may look to rebalance into this area at some point. I'm not very sanguine on the newspaper business these days although on-line news segment might eventually go somewhere.
I doubled down today at 18.95, even though this is one of my worse buys ever. I picked this over OHI about ten years ago. My mistake there. However, needed some diversity in the portfolio and the Eight percent yield looks safe. Might be a good entry point? The above valuation is actually a bit below my initial entry cost!.
Exactly! Interest rates will rise, however; this will be a very gradual incremental rise and I see no need to panic here. SNH does have debt but I doubt this will impact how they disperse their FFO. I doubled down today at 18.95. I believe the divvy is safe in almost any rate scenario. I'll take the 8 percent and add some portfolio diversity.