Another example is O. I have posted that it is overpriced, and it is still overpriced with a PE of $34 / $2 = 17. Others posted "so what, I get 5%". Well, there are plenty of other reits paying 5% that are not overvalued. I avoid O. Here's a few that I own. Compare O to these in a year.
BDN 5%, PE 9
DRE 4.8%, PE 12
AHT 3.2%, PE < 6
DLR 4.4%, PE 15 (much higher growth potential than O)
GOV 6.4%, PE 13
LXP 5.1%, PE 10
MPW 6.7%, PE 16
COR 3%, PE 14-16 (more growth)
LTC 6%, PE 12-13
If I owned O now, I would sell it and buy something else. |
