Dividend Growth Forum

(04-23-2020, 07:54 AM)divmenow Wrote: [ -> ]Had a buy order in for TGT. Just got filled at $95.50 pre market.

Wow, that was a very good buy.  At 95 I think TGT would be about rock bottom short of a big market pull back.  That wasn't a bad quarter.  There was no surprise in the increased employee costs.  Almost all the large retailers I am aware of are taking care of employees with almost the identical packages.  Expensive but fairly brief in nature. They will be pressured to do it again this fall if the virus raises hell.  I intend to add some more TGT if it gets much under $100.

FTR is a great long term buy at these levels. Its one of the 6 reits who has a A rated and fortress balance sheet

You cant go wrong at these levels.

Nice buy on TGT. I missed the bottom this morning

I added some FRT, PH, TROW, VFC and TGT

15-25 shares in each

Any suggestions on high quality REITs to research. Say I want to own three and diversify. I am stuck with WELL for now. Was considering O on a bit more dip. So how about the third one? I realize REITs trade together generally. I just don't want to own the equivalent of "GM and F" if that makes sense.

(04-23-2020, 10:00 AM)fenders53 Wrote: [ -> ]Any suggestions on high quality REITs to research.  Say I want to own three and diversify.  I am stuck with WELL for now.    Was considering O on a bit more dip.  So how about the third one?  I realize REITs trade together generally.  I just don't want to own the equivalent of "GM and F" if that makes sense.

Well buy the A rated Reits...

SPG, PSA are both rated A
O, CPT, FRT, AVB, EQR, PSB, BXP and PLD are all rated A -

I think this is a great sector to buy in. You buy them now while they are left for dead

O you buy some now and a little more at $45 or under

(04-23-2020, 10:00 AM)fenders53 Wrote: [ -> ]Any suggestions on high quality REITs to research.  Say I want to own three and diversify.  I am stuck with WELL for now.    Was considering O on a bit more dip.  So how about the third one?  I realize REITs trade together generally.  I just don't want to own the equivalent of "GM and F" if that makes sense.

FRT. Seriously. Dividend King (52 years of dividend growth). Their properties are in prime locations in California and NE/Mid-Atlantic. A- credit rating. AFFO grew 32% from 2015 to 2019. Although some of their tenants are retail apparel shops, they also count a lot of Whole Foods/Sprouts/Harris Teeter/Home Depot/Walmart/etc as tenants (that rent is getting paid).

Unless you think this is the end, all retail is done for permanently, and are sizing up the neighbor's tabby for the stew pot, this is once-in-a-generation value. 

Their Annual Report is a good read:

https://www.federalrealty.com/investors/overview/

(04-23-2020, 10:08 AM)stockguru Wrote: [ -> ]

(04-23-2020, 10:00 AM)fenders53 Wrote: [ -> ]Any suggestions on high quality REITs to research.  Say I want to own three and diversify.  I am stuck with WELL for now.    Was considering O on a bit more dip.  So how about the third one?  I realize REITs trade together generally.  I just don't want to own the equivalent of "GM and F" if that makes sense.

Well buy the A rated Reits...

SPG, PSA are both rated A
O, CPT, FRT, AVB, EQR, PSB, BXP and PLD are all rated A -

I think this is a great sector to buy in. You buy them now while they are left for dead

O you buy some now and a little more at $45 or under

Thanks.  I will check them out.  I took the O ride from about 40 to 48+.  I won't wait around for $38.50.  You know how I am lol.  I do want minimal overlap with the third one or I'd just buy more O.  Half the market may see a credit downgrade (or at least deserve one), so best to start high.

I think I will sell O and FRT puts for now. I do agree with Mike that there is some risk here, but they are down from highs a little farther than I realized.

Thank you GILD for killing today’s rally lol

(04-23-2020, 12:57 PM)divmenow Wrote: [ -> ]Thank you GILD for killing today’s rally lol

Questionable news from a questionable source that killed last weeks questionable rumor?  

Look at the bright side, new unemployment claims are under 5 milly this week.  

I’m still finding bargains

Got in PSA today. There seems to be good support around 195. There balance sheet is prestine...one of the best i've found to be honest. I'm concerned about the double top pattern it has formed on the 5 year chart, but it's down considerably from the highs.

(04-23-2020, 01:55 PM)divmenow Wrote: [ -> ]I’m still finding bargains

Got in PSA today. There seems to be good support around 195. There balance sheet is prestine...one of the best i've found to be honest. I'm concerned about the double top pattern it has formed on the 5 year chart, but it's down considerably from the highs.

There are definitely some bargains.  There are also a bunch of companies staying very quiet.  There will be a few bombs dropped from good companies the next few weeks as earnings progress.  I am definitely keeping some of my powder dry.  

If I've done any over-reacting it would be industrials.  I have trimmed a lot of them to almost nothing waiting for somebody to wreck the mood.  I know who I suspect will have bad news but we'll see what happens.

(04-23-2020, 10:00 AM)fenders53 Wrote: [ -> ]Any suggestions on high quality REITs to research.  Say I want to own three and diversify.  I am stuck with WELL for now.    Was considering O on a bit more dip.  So how about the third one?  I realize REITs trade together generally.  I just don't want to own the equivalent of "GM and F" if that makes sense.

residential all the way! Why risk it with commercial property? I know I do not need to point out what difficulties lie ahead for those. That doesn't mean that you won't find some good investments in that sector too but overall it just sounds risky.

So onwards with residential! 
-I think IRT looks good here. I don't own it but I might soon.
-I wouldn't be myself if I didn't offer you an European alternative, and hey you did mention diversification. So check out Vonovia from Germany. It's looks like pure gold to me. Seriously, how many REITS can you name who are dishing out +10% FFO per share and dividend increases every single year? However, they do not really come with any big COVID discount. It's expensive, the yield is low, etc. I would love to get a Michelin star meal for the price of a Bic Mac but that's not the case here and I'm not sure if that will happen.

Now this last one is far from high quality. But I've also been adding some GEO recently. I guess that could be considered residential. 
The yield is absolutely mind blowing, assuming they can keep it up. It's risky but might be worth a shot.