Brought a little IRM AT $44.85. I think this is a great dividend play. Your not gonna get super rich with this one. But collect a 5.5% divy yield which seems very safe, and could possibly be increased. They are growing affo is to be guided at $3.33-3.45, I think it will be around $3.45-3.50 for this past year. I also Believe that number will increase to about $3.70-3.80 next year. Given that info I expect Mid 50's in the next 6-12 months is likely. Stock is getting oversold as RSI is about 29 as well. All is just my opinion, and I could always be wrong though.
IVR Joined skillz on this mREIT. Besides a very high yield that is covered and a discount to BV now, I also like: This one should be a beneficiary of rising yields and spreads with the Fed tightening. This traded at $18 before covid hit and yields plunged. As we return to an era of more normal yields, IVR could see higher cash flows and dividends. They also have lots of cash on hand as of the last report and they are ready to invest it as opportunities occur. Lots of liquidity too, trading about 5 million shares/day avg.
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