Also a lot of small buys and a New REIT
A new REIT for me; Nexpoint Residential Trust Inc (NXRT)
They provide multi-unit house in Texas
NexPoint Residential Trust, Inc. is engaged in acquiring, owning, operating and selectively developing multifamily properties. It operates primarily in the Southeastern United States and Texas. NexPoint Residential Trust, Inc. is based in Dallas, United States Price/FFO at 9x w/ ok growth. Services mid income family's earnings $50K-$90K so affordable housing
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Adds: COLD, DVN, ANDE, OGN, ASIX, TROX, FMC, LAND, KTB, PLYM, MRK, EXEL, BGS
Sells: small sales in AMAT, AGCO great earnings; KIM, TWI, D, SJM, MTW, PYPL (got a few sold before their earnings), OVV
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Still sitting w/ a lot of cash and expect more selling and will deploy 5% of cash ever week until we finish our correction; Correction may/could last weeks
I am finding value in certain REITS (based on Price/FFO), Oil & NG especially those w/ NG;
No rush but selective value buys and scaling into positions |
