This security is sliding along at relatively low prices in a sector that is heating up. The lower yield reflects investors getting an extra 8 months of call protection. It has about 11 months of call protection, solid coverage from the common equity, and the mREIT has a conservative agency portfolio. The 4.9 coverage ratio is solid. This isn't the highest in the sector, or even close to it, but there are several mortgage REITs with a coverage ratio below 4, some are even below 3 or below 2.
CYS Investments (NYSE:CYS) is a mortgage REIT. Relative to peers, it comes in at the medium size. The preferred shares get very little analysis by most investors, but they deserve some. Over the last several months, we've seen prices on almost every possible investment security move higher. The S&P 500 is soaring, common stock for mREITs is soaring, and several preferred shares are trading at higher prices than they saw on any day from 06/30/2015 to 06/30/2016. To be clear, this article is about preferred shares. A few traits of the common stock will come up, but the analysis here is entirely on CYS-A and CYS-B.
Source: Seeking Alpha
Related Articles:
- 8 Select High-Yield S&P 500 Dividend Stocks
- Your Greatest Wealth Building Asset
- Where To Find Great Dividend Stocks
- How To Manage Your Dividend Portfolio In A Downturn
- 5 Tech Stocks With A History of Growing Their Dividends
A Steady Yield Over 8% On A Forgotten Preferred Share
Posted by D4L | Saturday, September 24, 2016 | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
Boring stocks to buy and hold almost always align with deeply established businesses. While they won’t offer the outstanding growth potentia...
-
Did you know that if a company were to increase its dividends by 5% per year, it would take 14 years for its payouts to double? And if its r...
-
The quick rise in interest rates over the past year turned investor sentiment toward REITs negative. Higher interest rates make it harder fo...
-
While there are many paths investors can take to generate long-term wealth, our preferred method is to buy-and-hold quality dividend stocks ...
-
Dividend Kings are stocks that have increased their dividends annually for at least 50 consecutive years. That's five full decades or mo...
-
Indeed, with recession on the horizon, investors are increasingly emphasizing quality, safety and dividends in their portfolio selections. W...
-
While it is prudent to build a more robustly diversified portfolio than just three stocks, the three discussed in this article are sure to g...
-
Verizon (VZ -1.75%) pays one of the biggest dividends in the S&P 500. The telecom giant currently yields 6.5%. That's one of the top...
-
Cash is king when you’re looking to add dividend stocks to your portfolio There’s ample reason for caution. In case you haven’t noticed, a l...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.