Have they sold off a bunch of assets on which they have gains they have to pay out? If that is the case they are returning a LOT of capital in that dividend. Are you just going to end up buying a return of capital?
The NAV has declined 36.5 % roughly in the past year (see above) and the stock has declined significantly also. Is the price likely to keep declining in line with their dividend pay out (return of capital)?
They may have picked a good time to lighten up their stock holdings. Are their cash holdings extremely high now? If they return all that capital will they have the cash to invest back in the market in the future and grow the share price?
I had picket ICF to AIM and had switched that to LD -AIM and eventually sold out. When the price dropped enough for me to get in a few months ago I wasn't happy with the yield (3 to 4%) so I started looking at individual REITS.I don't think the other REIT ETFs yield much more. At the present time there are a bunch of REITS that have 6 to 9 % yields.
Right now I own WRI and have been following FUN but The dividend to earnings ratio has me nervous. If WRI goes to $29.44 I get another buy.
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