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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: James Kibler who wrote (2439)	6/10/2003 12:26:09 AM
From: Grommit	Read Replies (1) of 2561

It depends on the price. If they're selling at a premium and you think they might be called, you might start moving them to longer redemption dated preferreds. However, many preferreds are at such unbelievable premiums where I would not buy at these prices. But not sure I want to sell my holdings either, since I generally bought the longer term preferreds before they were selling at a premium. UDR-b selling at $27.29 comes to mind. 5.8% yield when you factor in the premium lost at redemption - in 4 years. At $25 purchase it is yielding me 8.6%, if I don't sell. Only a handful are now trading at a discount, or close to redemption value -- usually of lower quality, but some Baa3 rated: FR-d $25.5 moodys Baa3 redeemable now HIW-b&d $24.86, Ba1, now HMT-c $24,86, 2006 PPS-b $25.75, Baa3, 2007

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next