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
-
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...
-
In short, dividend-bearing stocks are one of the smartest approaches stock investors have available currently. The same is true in strong ec...
-
Finding cheap dividend stocks is critical for another reason. By the time the Federal Reserve meets for the second time in 2023, the central...
-
Investing in passive income can allow you to make money with minimal portfolio management. There are many types of investments to make passi...
-
Many companies make very predictable fixed dividend payments each quarter. When they do, their investors have a pretty good idea of how much...
-
As 2022 wraps up, many investors are likely looking for ways to position their portfolio for more macroeconomic uncertainty next year. After...
-
Last year was brutal for the real estate investment trust (REIT) sector. Rising interest rates created two headwinds for the industry. They ...
-
For most investors, the new year brings with it new opportunity. With all three major U.S. stock indexes falling into a bear market last yea...
-
Dividends drive significant returns for Berkshire Hathaway's portfolio. One common theme of Warren Buffett's Berkshire Hathaway is d...
-
With inflation appearing to have peaked and fears of a recession dimming somewhat, investors have some positive catalysts to look forward to...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.