REITS - Buying 1 - 2 weeks before going ex-dividend Message Board

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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

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To: bob s who wrote (1419)	7/30/1999 1:44:00 PM
From: Richard Barron	Read Replies (1) of 2561

Bob, I have accumulated a lot of HIW and CEI at these prices they are down to today. NXL is showing a lot of strength near 18. I was buying GRT at 15 and lots of GLB at 17 1-/4. USV is great near 18, PSA is great anywhere in the low 25's, and for a little risk and greater gain potential, TRI, since it is being bought out and I imagine the price will go near 30 or more, but no guarantees on that.... PZN is hot and running, though being up 40% in less than 2 weeks, one may want to wait for a pullback. Still may be risky if the management can't be trusted. I like the 2 golf REITs GTA, and TEE whenever they are in the 22 to 22-1/2 range, no matter how bad the rest of the REIT market is doing. EPR at 17 and CARS near 12 are good bargains that I was buying also. I am fully vested, having been 30% cash about 4 weeks ago. The REITs with more than 10% of debt in variable rates are at FFO risk if interest rates climb more than 1% which I think is very unlikely short term. Maybe in the next 1-3 years, but not unless oil skyrockets or wages actually begin to climb. Richard

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