Now beginning to look as if GEO will test the 29-30 range. If it does in a big market sell-off, the 50% retracement from the five-year high will have been attained. Some of the technical analysts support the 50% concept. Even so, it sure looks like trolling for stripers or bottom fishing to me at these levels.
You are counting all REITS, not only MBSs. Your number includes hospitals, medical buildings, nursing homes, restaurant chain buildings and a great many others. We own or have owned many of these. Some of this latter group have declined less than the financial ones.
Interestingly enough, interest rate yields declined today on treasuries. The 10-year yield DROPPED by 5% to 2.36 and yields on shorter durations also declined. When the rates rose Friday, NLY declined, as one might expect. But falling yield should not be a selling trigger. NLY now sells over 30% below book value of well over $12 per share. Many investors probably would take book for their shares now, if company would cash out and distribute its proceeds. Wonder how many votes we could get for that course of action?
If you will look under inside holders on Yahoo finance, you'll find that officers and directors have obtained shares at higher prices. President acquired 184,948 shares in May at $10.04. My records show her average cost is quite a bit higher if you include complete holdings. A great many other directors and officers hold shares below their purchase prices. We normally don't dollar-cost average in equities, but this is one that we like the risk at today's price. Do your own due diligence! The book value is holding quite well.
Have not been watching this one lately, but seems to be moving into a buying range. Dividend looks fairly stable and revenue rising at 8% which is a lot better than a great many firms selling at much higher valuations. Kiplinger's a others have mentioned it recently, along with CXW.
Take a look at UHT Universal Health Services Trust. Check out the nice pattern that the dividend has been raised since the inception (1988) and the capital gains over the life of the REIT. If you believe in that the nation will continue to need health care and will be able to pay for it, could work out for you. (By the way, I have MPW as well, but UHT has been a much better performer for me).
Have tried to come up with an idea of how much stock shareholders receive in the RMR special dividend. My number comes out to about 7 shares per thousand shares of SNH held. Does anyone have a formula or a more precise number. That's about $140 per one thousand shares held. Whatever the formula, it's not going to be a very large amount.
July, August, September distributions have been announced, but do not see announcement covering June. Can anyone clarify this point.? Thank you for any info you can provide.
The headquarters is 1075 Hendersonville Rd. Asheville, NC 28803. A general description of what they invest in is listed on Yahoo under PROFILE.
CLM is poised to close above the February high and is well above the 50-day and 200-day moving averages. The pre-dividend move puts it in a strongly bullish phase. The volume has been favorable. Technically quite strong.
Agree with you about the fact that this is not fear, but actual increase. The 30-year has gone up even more than 40 basis points and the others 2 yr., 5 yr. and shorter durations have increased. Nearly all interest-sensitive securities are being affected. Look at what is happening to municipal bonds. This clearly looks like we have finally found a bottom in the Treasury market and may not go back there for a long while. (years).
Hard to believe that these shares are cheaper now than they have been at any time over the past 4 1/2 years. A great deal of the more recent decline has got to be associated with outlook for rising interest rates. Even if earnings do come in weak, the selling seems to be overdone for us. Have not heard any noise about a cut in dividend. All of the medical shares seem to be under pressure today.
It is hard to find a member of management or a director who has purchased NLY shares any lower than today's price which means they hold million of shares that are underwater. The institutional and mutual fund holders seem to be underwater as well and they hold half the shares of the company. The dividends have helped them out over the years, but they are looking at capital losses if they sell. It is not realistic to believe that management does not care about the price of these shares! In fact, we suspect that they care even more than some of the disenchanted folks on the message board. Despite the past two-year decline, better days are ahead, but don't expect any miracles in the near future.