Shares of BX moved from an intraday low of $13.31 on Nov. 16 and closed at $14.95 one week later. That's a 12.3% move in one week's time. This is partly because of a buy recommendation by Dr. Steve Sjuggerud, the editor of True Wealth, who highlighted BX when it was trading around $13.50.
Another way to invest in a diversified portfolio of investment properties is to own shares of One Liberty Properties (OLP). OLP is a real estate investment trust, or REIT, engaged in the acquisition, ownership, and management of commercial real estate properties in the United States.
OLP's property portfolio includes retail furniture stores as well as industrial, office, supermarkets, health and fitness centers and other property assets. It pays a 7% dividend yield based on its closing price of $18.71 on Friday.
Its dividend represents a payout ratio of 65% of earnings, but I'm not worried about it because from a profitability standpoint OLP looks strong. As of its most recent quarter ending Sept. 30, it sported a profit margin of 63.24% and an impressive operating margin of 56.5%.Trading at trailing PE ratio of only 9 and a forward PE of 11, OLP is one of the most reasonably priced of the publicly traded real estate companies. Do your own due diligence and learn more about OLP at its well-organized Web site. The next 12 to 24 months looks like an auspicious time to own real estate and income-producing properties, either directly or through companies like the ones I've highlighted. You still have a good shot at benefiting before the herd catches on and drives the share prices to higher levels. At the time of publication the author had a position in OLP. This article was written by an independent contributor, separate from TheStreet's regular news coverage. Jim Cramer and Stephanie Link actively manage a real money portfolio for his charitable trust- enjoy advance notice of every trade, full access to the portfolio, and deep coverage of the latest economic events and market movements.
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