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

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To: Richard Barron who wrote (1318)4/29/1999 12:35:00 PM
From: Richard Barron  Read Replies (3) of 2561
 
To all,
REITs are coming out of overbought territory and didn't retrace much of the run. They are likely to start another leg up in the next 2 weeks.
Here are a few REITs that haven't participated:
ADC - just had a good earnings report for an 11% dividend stock
OFC - some run up, but incredible earnings for an office REIT at these prices.
GTA - TEE rebounded 15%, yet GTA is still hovering around 21-3/4 to 22-1/2
WDN PRS (Preferred S) non convertible, has a 11-1/2% or so dividend that should come up in next 3 weeks, is very secure and trading near the low. Large spread - so use limit orders.
NXL - good quality REIT that has returned 14-15% long term for years. Must have a large shareholder trying to get out. Should rebound to 20+ when the seller is gone.
Richard
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