Looking for an apartment? If you live in Canada, chances are you may have rented a place from this company, which is now the third largest residential REIT in Canada. This stock yields 8%, with a conservative payout ratio of 71%. It had a big acquisition in late 2015 that's already accretive, with a good supply of more deals available to help grow its dividends. It's selling below book value and has ample debt coverage.
In October 2015, Northview (which was formerly known as Northern Property REIT), acquired True North Corp., and also acquired a large portfolio of 4,650 multi-family units from Starlight Investments Ltd., changing the name of the new entity to Northview Apartment Real Estate Trust. Another plus from the deal is that it lessened the company's exposure to resource areas, shrinking its western Canada exposure to 22%, and gaining them a 27% NOI presence in Ontario. Like many of the stocks in our recent articles, this is a monthly dividend-paying stock. It trades in the US on the OTC under NPRUF and on the Toronto Exchange under the ticker (NVU.UN).
Source: Seeking Alpha
Related Articles:
- 5 Tech Stocks With A History of Growing Their Dividends
- 8 Dividend Stocks For The Ultimate In Deferred Gratification
- The Most Important Thing To Consider When Selecting A Dividend Stock
- 5 Healthcare Stocks With Growing Dividends Yielding In Excess of 2%
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
For long-term performance, investors should consider pivoting their portfolios toward stocks that deliver high and growing dividend payouts,...
-
Finding great long-term investments that will pay you dividends for years to come isn't always easy. Plenty of stocks offer high yields,...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
Any company that can double its dividend over a five-year stretch is delivering rapid payout growth. To reach that target, the company would...
-
Talk to the average financial advisor, and they’ll say there’s no way to earn a safe 12% yield on your investment these days. After all, ban...
-
Dividend investors often get stuck with popular names in their portfolio, perhaps because these stocks are so often talked about that there&...
-
By any measure the stock market is overbought. With yields still at historic lows despite the increases in the federal funds rate, and the p...
-
Buying and holding great dividend stocks is a fantastic way for patient investors to achieve outsize returns over the long run. But not ever...
-
As regular readers know, cash cows constitute mature businesses. Because they have little in the way of growth prospects, these firms pay ou...
0 comments
Post a Comment
Post a Comment