Patience and REITs: Best of Kass
Jun 23, 2013 | 11:40 AM EDT
Another diversified REIT that also just did a tender recently at $10.10 is CSG. This one sits a dollar less than that currently. In the new, single-family REIT space, companies acquiring single-family properties and renting them to individuals/families, there is ARPI and NRZ, a spinoff of NewCastle (NCT). Both of these should offer high dividends, plus a participation in any housing recovering and strengthening. If you are bullish on housing, then these are definitely worth a look. The last two help with the diversity, with LAND owning farmland and AVIV in the health care space. GLAD does have an outside manager, but one that comes with a lot of experience, while AVIV is in the senior care space, which is probably my favorite. There is a huge growing need and as the population ages we'll see an increasing need. I would anticipate about a 6-7% yield from this group over the next year based on the current prices. This is well above many more popular names we see out there. I am not implementing anything today, but will be looking to start building these next week. At the time of original publication, Collins had no positions in the stocks mentioned.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.