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

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To: James Kibler who wrote (2167)9/17/2001 9:46:49 PM
From: Richard Barron  Read Replies (2) of 2561
 
Jim,
CEI is a bit more tasty at these levels.
One that looks extremely likely to return 8% in 3 months or less is PGE. Unless the deal falls through, one will get the dividend and a $1.00 gain.
PLD is attractive.
I would avoid hospitality until some numbers come in for REVPAR drops over the next 2-3 months.
KTR looks good to me, I bought some today.I bought some FR also, though I may be early and will be glad to double up if it drops another 5-10%. I bought some TEE at the end of the day as I think 18.40 will be strong support. If it breaks under 18, I'm out.
I bought NHP and would buy any other healthcare that drops 10% and is still paying it's dividend.
HIW may be a bargain.
BXP and SPG are 2 quality large REITs that pulled back sharply, though they both have some more room to drop.
I was 70% cash, so I can afford to be slightly aggressive. Otherwise, I would still be pretty cautious.
If any of your favorite apartment REITs pulls back, they are likely to only have a minor FFO blip. Hotels, Retail and Office are likely to be effected the most, in that order.
Richard
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