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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?

To: bob wallace who wrote (2395)	3/21/2003 12:48:24 PM
From: bob wallace	Read Replies (1) \| Respond to of 2561

I don't know if any of you have been noticing, but property REITs have been announcing dividend increases and then doing moonshot follow-ups. even mortgage REITs seem to be immune. Last night NLY announced a dividend of 60 cents, 8 cents lower than last quarter. that lowered the yield to 13%+ which is low for a mortgage REIT. on top of that they announced that continued high refinancings would likely hurt future results. nevertheless, today NLY is up 37 cents to $18.22