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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)7/12/2012 7:59:11 AM
From: Elroy  Read Replies (2) of 2559
 
CYS is probably a "safe" mREIT to buy right now. The just did a secondary, so you don't need to worry about that for another three months. They also announced their preliminary Q2 results, which were good with book value up to about $13.52 and GAAP EPS of ~88 cents, easily covering the 50 cent dividend.

So if you buy it now for about $13.80, you're only paying 1.02x book, and its unlikely to get a negative shock from a secondary or poor quarterly results. In fact, I think I'll buy some!
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