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Re: MikeBK205 post# 3

Thursday, 02/15/2018 9:48:24 AM

Thursday, February 15, 2018 9:48:24 AM

Post# of 18
I was able to add 12% to my position in WPC at $59.46 the other day. Yield at that price was around 6.5%.

Another REIT I own is NRO. On Monday I was able to add 12% to that position, too. Even my REIT ETF, VNQ, has been signaling for a buy. I guess this suggests REITs are out of favor for now.

Value Line shows their 1700 stock universe to have a yield of around 1.9% right now (of all stocks paying a dividend). S&P500 yield isn't much better. I don't care if income providers are over-sold and growth stocks are over-bought. I'll put my $$$ where the income is appropriately distributed because I need income. My motto is "Buy from the Scared, Sell to the Greedy."

Something that isn't discussed much about REITs is that there is a secondary benefit of ownership as an inflation hedge. Yes, interest rates are rising, but with the 20 Year Treasury paying 2.88% currently, it doesn't compete with WPC. Plus, those treasuries don't respond to inflation. So, I'm content to add to my position at times like this.

Best regards,

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