There are plenty of mediocre opportunities for a high yield. However, one stands out. This opportunity wasn’t available in the last several months. Shares plunged in January, dramatically underperforming their peers. However, the REIT is less exposed than many peers to the January challenges.
Sometimes bargains are more abundant than other times. We caught a bargain in the high-yielding mortgage REIT space. While January has been a harder month for BV in most mortgage REITs, this mortgage REIT had a plunging price instead of book value. Purchased 1,207 shares of Ready Capital (RC) at $13.5791 per share (weighted-average price). RC is one opportunity where the odds are tilted in favor of investors as the REIT should trade at a higher price-to-book ratio. As Q4 earnings roll out, Scott Kennedy will be providing frequent updates on The REIT Forum. I’ll update this series to include charts using Q3 2021 BV and Q4 2021 BV soon since there are several weeks between the first Q4 reports and the last Q4 reports.
Source: Seeking Alpha
Related Articles:
Sudden Discount Creates A Huge 12% Yield
Posted by D4L | Wednesday, February 16, 2022 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
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...
-
When a company pays a dividend, it's a good thing for shareholders. When a company consistently pays a dividend every quarter, it's ...
-
We screened our 24/7 Wall St. dividend equity research database and found 5 stocks that combined can generate over $3,000 of annual passive ...
-
The stock market has been on an upward path of late, with some of the most prominent stocks hitting astronomical highs. The dividend yield o...
-
Dividend growth stocks can be incredibly attractive investments if you crave recurring income. As these types of stocks raise their dividend...
-
My top financial goal is to eventually become financially independent. The foundation of my strategy is to make investments that produce an ...
-
In my opinion, there are three criteria investors should consider when evaluating a particular stock for their portfolio. The first is histo...
-
In this article, we discuss 5 best March dividend stocks to buy. If you want to read our detailed analysis of dividend capture strategy and ...
-
As the broader stock rally broadens to some of the more “boring” corners of the market, it’s the higher-yielding dividend plays that could s...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.