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Reits

BXP - up to 30% ahead ?Boston Properties is one of the prime office building owners in US. It seems to have finished a triangle corrective move that culminated in the end of minor wave 2. If this is the case price should be entering minor wave 3 up that could boost prices to up to 30% gains. Keep alert for the support level at the end of wave 2 at 89.29, if prices cross this line in the next days this wave count would not be valid anymore. FOLLOW SKYLINEPRO TO GET UPDATES.
NYSE:BXPLong
by SkylinePro
3234 MORI HILLS REIT - juncture attentionMori Hills REIT should be tracing a minute wave c up. However, there is a possibility that this juncture couls also be near the end of minor wave two. In the first case, prices should continue to go up, in the second case if prices reaches 141,100 we recommend you to get out of the position as this could sinalize the end of wave 2 and minor wave 3 will push prices down. There was a record selling volume as prices approached the end of this move, that's why we are having caution here. FOLLOW SKYLINEPRO TO GET UPDATES.
TSE:3234
by SkylinePro
REITs AnalysisI'll preface the "long designation": Short term bear, intermediate to long term bull. We haven't seen declines like these since 2008 and buying then could have been considered a once in a lifetime opportunity. Buying when people are disinterested or scared has more often than not been a winning market strategy. That said: timing is everything and the underlying assumption is perpetuity rather than the death of the firm. From most to least affected by coronavirus: Retail --> Office --> Residential --> Industrial Retail: I wrote a little on this a couple days ago but SPG has seen nearly a 30B decrease in market cap over the last couple of weeks. Mandatory store closures across the nation put them in a position where rents are either reduced, unpaid, or defaulted on which is going to decimate the already weak retail sector. I wouldn't be surprised if the government does more in the form of a retail bailout like they are likely to do with airlines though the 200B-300B small business bridge loans wouldn't go so far as to help our the formerly investment grade worthy anchors that retail REITs build themselves around Office: Really depends on what the major tenant group is made of. Accounting firms in office spaces will be fine. Call centers not so much. Multifamily/Residential: I was a little surprised to see this sector drop as much as it did. My first thought was that if anything, the worst we would see is proportional beta drops and with most of them being in the .5-.7 range a typical 35% drop is marginally more than the S&P/DOW. Looking at it at a cap rate comparison, AVB div yield based on last quarter's div is about 4.4%. If you were to look just about a month ago at their portfolio (consisting of urban and suburban core assets) capitalization rates for those would be 4-5% if not lower. However, what I believe is being priced in at this point is the bursting of another bubble so to speak. Covid is more or less shutting down the US economy and the ensuing layoffs, margin calls, etc are likely going to reduce demand for luxury apartment housing therefore reducing rental prices and thus NOI for residential properties. Industrial: This is more of an odd ball. First who most need industrial space typically own it themselves. I don't know too much about this sector just because there's somewhat of a U shaped curve where its either very large firms or very small firms but the intermediate player doesn't exactly exist in the market. So rather than do any analysis, I'll just leave it out an say "I don't know anything"
SLong
by jamesggentis
Retail REITSMore of just something to keep an eye on, as a sector within REITs, retail has been offering some of the highest dividends which stems from the higher cap rates required by investors for the sector ie more NOI per dollar invested. With the coronavirus, these REITs are going to see tenant default and thus their income decreases. When it comes to tenant roll over, again that will decrease --> which is why these have fallen more than other REITs. I would need to look into these a little better but of these, O is single tenant focused which can be both good and bad. Attached is a link to their top 20 holdings: www.realtyincome.com . Ideally, it would be more investment grade tenants but between AMC bonds selling for ~50 cents on the dollar and regis likely not doing much better, there are some questions about the longer term viability of some of their tenants and they too will have to deal with default and tenant roll over. Overall, we're still looking at catching a falling knife so loading up on any of these or positions in general is likely imprudent but if you have cash available entering positions over the next 5-10 weeks, depending on how the coronavirus ramps up or slows down as well as externalities caused by the sometimes mandatory curfews/restrictions on business pans out, could at least leave you saying "At least I bought when it had already dropped 50%" but optimistically could result in buying at 2008 levels for some of these. If interested, here is a link to the buffet indicator which compares equities to GDP www.advisorperspectives.com I would still be wary of a debt crunch however, --> ie why some mortgage reits are offering 30-40% dividends prior to any updates on tradingview's div yield built in. This would have pervasive effects on anyone's portfolio so it's hard to say what would be best. That said, REIT debt is another possible position to play but that would only be prudent so long as you find a firm which is not too levered as some of these reits have taken full advantage of cheap debt.
SLong
by jamesggentis
3
Breakout on Earnings 10/31Fundamental Catalysts remain strong If numbers are good, look for breakout to 35.75, and then 37.25 areas Take profit anywere above 37.50 before EoY These stocks have the highest dividend yields in the hot real-estate sector, FROM MARKET WATCH With the Federal Reserve cutting short-term rates twice recently and reversing its decision to shrink its balance sheet earlier this year, along with continued stimulative central bank policies in other developed economies, there’s no reason not to expect the big money flow to continue, along with plenty of support for shares of real-estate investment trusts. Company Ticker Dividend yield FFO Yield ‘Headroom' Total return - 12 months though Oct. 22 Macerich Co. MAC, -2.76% 10.26% 12.86% 2.60% -37% Iron Mountain Inc. IRM, -0.47% 7.19% 6.27% -0.92% 15% Company Ticker Share 'buy' ratings Share 'hold' ratings Share 'sell' ratings Closing price - Oct. 22 Consensus price target Implied 12-month upside potential Macerich Co. MAC, -2.76% 17% 72% 11% $29.23 $35.15 20% Iron Mountain Inc. IRM, -0.45% 46% 36% 18% $33.97 $35.27 4% Here’s how the sectors and the broad indexes have performed during 2019, for 12 months and for longer periods: S&P 500 Sector Total return - 2019 through Oct. 1 Total return - 12 months Total return - 3 years Total return - 5 years Total return - 10 years Total return - 15 years Total return - 20 years Information Technology 30.3% 7.1% 82% 133% 395% 461% 187% Real Estate 28.4% 24.5% 33% 71% 310% 284% N/A Utilities 25.0% 27.1% 46% 82% 230% 351% 357%
NYSE:IRMLong
by noam_chom
NYMT BUY, safe high yield dividend stockWe chose this REIT as it has low P/E ratio 9.31 and price is flat however it is good to time entry. Great opportunity to buy this stock right now as RSI hits oversold territory. Since 2017 this stock is trading between 6.8 USD - 5.45 USD. We recommend you to buy this stock as it has dividend yield 13.47% per year and current price is appropriate for the first entry. We can clearly see how the stock fluctuactes between quarters and falling after dividend pay out. We recommend second entry in the mid of October and selling after Q4 dividend or holding it.
NASDAQ:NYMTLong
by itshimon
KLSE: REITs Under A Penny AHP, KIPREIT ARREIT,ALSREITSo today we going to take a look at the 4 underperforming KLSE stocks in REIT industry. They are 4952, Amanah Harta Tanah PNB, 5280 KIP Real Estate Investment (Orange Line), 5127 Amanah Raya Real Estate (Pink Line). & 5269 AL-Salam Real Estate Investment (Blue Line) To be more specific lets find out underlying sentiments on these charts. What is the common behavior & trait ?. Obviously price been declined since 2017 towards 2018 and majority of local real estate market analyst (Residential & Office) thought it was a cool off period for Malaysia market, means lesser transactions happened during the period (in terms of quantity not price). But does it really affect REIT?. To answer this question lets take a look at 2018 progress. FY 2018 was a tough time for malaysia REIT,s the dividends was offset by declining price. You can see overview for 2018 at ; Most of the stocks are giving negative yield however there are some REITs that manage to maintain positive yield towards their investors (AXIS,SUNWAY,IGB). What did these 3 stocks do differently from the others?. Major acquisitions with high rental yield, low debt, high cash reserved. blablabla. the list can go on. However why does the others are doing same business core were outrun by bearish market?. Most of Big Whales of these stocks investors are tied to government policies and decision ( Funds Enterprise; EPF, TH, PNB ); so there is rigid caveat on buy & sell). Require more times & efforts for them to buy & sell. Therefore the stocks price are not volatile enough to make movement. Another reason is because of high debt & income stream ratio. Maybe im wrong. In terms of TA, these 4 stocks mentioned above could be turning point towards bullish trend, why?. because the price now is at 2009 price; 10 years ago. And there is a lot of frantic sellers during 2017-2019. So the probability of majority seller already cash out is high (Means minor sellers). The only challenge is whether volumes are able to sustain towards RM1 + . Average current price is around 0.80 cents per stocks. it will be great to see if it goes above RM1 for around 20% gained. (Btw Bursa KLSE didnt allow borrow for SHORT seller so the only way of making money is to BUY and SELL) P.S 2019 looking good so far ,price climb a bit for KIP, AMANAH RAYA & ALSREIT
4Long
by Gulpz