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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

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To: Mr. Sunshine who wrote (2550)7/10/2012 10:17:09 AM
From: Elroy   of 2559
 
In your opinion, what are the best mRIETs out there, and why, at current prices?


The best has been AGNC, but it has had such a nice run up in share price that it's really hard to buy now. It's at about 1.2x book and a 14% yield.


I guess IVR or NLY would be my preferred safer picks. However, with earnings season up in the next two weeks, and the next dividend for most of them not to be paid until late Sep, I don't think you need to hurry. I'd wait until after earnings season, see where book values have shifted, and then decide. It would stink to buy one today, only to find two weeks from now that it's book value has declined so the share price falls accordingly.


If you just can't wait, ARR just did a secondary today, and trades ex-dividend on Thursday, so that one might be good to buy on this Friday or Thursday. They pay dividends monthly, so the ex-div thing is a smaller deal for them than the quarterly payers. They will pay a dime per month for Q3.
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