It’s been a while since I’ve updated my Blog in March. Here are my latest updates since then:
|Washington Prime Group||WPG||200||$7.97||2017-05-12||$1594.00|
REITs did get cheap in May and I bought STOR and WPG. There were some more on my list, but they didn’t quite reached my buy zone (but all were very close to it). STORE is my substitute for O(also on my list) which seems always too expensive for me. In many aspects STOR has even better metrics, so I choose to buy it instead of O. Since Warren Buffett also decided to buy STORE, the price got a big lift and now I’ll have to wait a little longer to increase my position.
WPG on the other side was just too cheap to ignore. Still plenty of room to cover the big dividend, I bought a small position. But I didn’t expect it to rise so quickly, so I sold it two months later for a nice gain of $274.00 (17,2%) including the dividend. Long term I think SKT or even SPG are better positions in this declining sector for me. But I’m always open to some opportunities.
I’m a big fan of Novo Nordisk and bought another batch just before the latest report which lifted the stock quite a bit. I also managed to catch the dividend with this buy (DKK 300 in August). If the price will dive again to the lower 30s I will most likely continue to accumulate.
And today I started a small position in Altria (MO) and I’ll also continue to accumulate if it falls any lower (which seems most likely at the moment).
|Washington Prime Group||WPG||200||$9.09||2017-07-24||$1818.00||$224.00 + $50|
In the meantime CCP got acquired by SBRA which will change the dividend rate. I’m still not quite sure what to do with it, but until then I’ll get paid even though the new yield is a little lower.
TIS stopped paying the dividend completely and I moved the position into my “speculative portfolio”. It’s still not sold and way under water(-55%). Not one year ago it was nearly the same amount, but the other way around. Again I’ve to blame myself for ignoring the payout ratio, not reading the quarterly reports and generally ignoring the rule “less market cap means more babysitting/risk”.