Money and Finance
Hi Everyone,
The time has come to sell off my stake in Realty Income Corp (O). This is the first sell in my portfolio and of all the investments I have, I never would have guessed this would have been my first sell. A staple of consistency and tremendous capital appreciation, Realty has all its mojo working. However, that mojo has made the stock pop 17% to start off the year.
They reported good growth numbers as of their last quarterly earnings statement but with a 21 P/FFO ratio currently, I think its a good time to let this go.
Other REIT stocks, namely healthcare REIT's are down significantly this year (see OHI, HCP). I firmly believe that O has gotten a bit ahead of itself here and there are other opportunities that could use some more capital.
I sold 48.3150 shares at $60.65 totaling $2,923.24. I will lose $9.59 per month in dividends or $115 per year.
With this sell, I now have some decent ammunition in my "BB gun" and will be looking to make a purchase soon. Realty had a dividend yield of just 4% meanwhile a REIT like OHI has a yield of 8%. I could look to using half the sell to purchase OHI and the other half to get a faster dividend grower like MMM or AAPL and will come out ahead.
This by no means I will not be an owner of Realty in the future, but I plan to be one at a cheaper price!!
We shall see what happens, but what do you think? Good sell? What are you buying next?
ADD
- Recent Buys - Bank Of Nova Scotia (bns), Amgen (amgn), St Jude (stj)
Hi Everyone, Well, after our sell of Realty Income (O) we have put an additional $3K to work or a total of about $6K. First we went and bought RAI and now we have purchased BNS, AMGN and STJ! Reasoning behind all the purchases: Bank of Nova Scotia:...
- Recent Buy - Reynolds American Inc. (rai)
Hi Everyone, Another purchase is in the books. After my sell of O, I had a decent amount of funds. RAI has pulled back just a tad off its 52 week high and the quarter looked really good. Not to mention is that they just raised the dividend...
- Recent Buy - Parker-hannifin Corp.
Hi Everyone, I fell behind a little bit with getting this post out, but its been a busy couple weeks. This purchase actually occurred on June 6th. It looks as if I'll make another purchase here pretty quickly because of the RAI/LO merger....
- Recent Buy - W. P. Carey Inc. (wpc)
Hi Everyone, Well, the year has slowed down a bit with regards to buys, but the savings account has been built back up after I used them all up to pay off the student loans so hopefully I can get back to putting more money to work. With this...
- My Weekly Stock Watch List (6/15)
This week I finally was able to buy some stocks. I bought more of [email protected] and also [email protected]. I wrote about ARCP here. I am kind of concerned that they are selling 76 shopping centers. Read article here. On the other side I believe that they might...
Money and Finance
Selling one of the best companies of all time...
Hi Everyone,
The time has come to sell off my stake in Realty Income Corp (O). This is the first sell in my portfolio and of all the investments I have, I never would have guessed this would have been my first sell. A staple of consistency and tremendous capital appreciation, Realty has all its mojo working. However, that mojo has made the stock pop 17% to start off the year.
They reported good growth numbers as of their last quarterly earnings statement but with a 21 P/FFO ratio currently, I think its a good time to let this go.
Other REIT stocks, namely healthcare REIT's are down significantly this year (see OHI, HCP). I firmly believe that O has gotten a bit ahead of itself here and there are other opportunities that could use some more capital.
I sold 48.3150 shares at $60.65 totaling $2,923.24. I will lose $9.59 per month in dividends or $115 per year.
With this sell, I now have some decent ammunition in my "BB gun" and will be looking to make a purchase soon. Realty had a dividend yield of just 4% meanwhile a REIT like OHI has a yield of 8%. I could look to using half the sell to purchase OHI and the other half to get a faster dividend grower like MMM or AAPL and will come out ahead.
This by no means I will not be an owner of Realty in the future, but I plan to be one at a cheaper price!!
We shall see what happens, but what do you think? Good sell? What are you buying next?
ADD
- Recent Buys - Bank Of Nova Scotia (bns), Amgen (amgn), St Jude (stj)
Hi Everyone, Well, after our sell of Realty Income (O) we have put an additional $3K to work or a total of about $6K. First we went and bought RAI and now we have purchased BNS, AMGN and STJ! Reasoning behind all the purchases: Bank of Nova Scotia:...
- Recent Buy - Reynolds American Inc. (rai)
Hi Everyone, Another purchase is in the books. After my sell of O, I had a decent amount of funds. RAI has pulled back just a tad off its 52 week high and the quarter looked really good. Not to mention is that they just raised the dividend...
- Recent Buy - Parker-hannifin Corp.
Hi Everyone, I fell behind a little bit with getting this post out, but its been a busy couple weeks. This purchase actually occurred on June 6th. It looks as if I'll make another purchase here pretty quickly because of the RAI/LO merger....
- Recent Buy - W. P. Carey Inc. (wpc)
Hi Everyone, Well, the year has slowed down a bit with regards to buys, but the savings account has been built back up after I used them all up to pay off the student loans so hopefully I can get back to putting more money to work. With this...
- My Weekly Stock Watch List (6/15)
This week I finally was able to buy some stocks. I bought more of [email protected] and also [email protected]. I wrote about ARCP here. I am kind of concerned that they are selling 76 shopping centers. Read article here. On the other side I believe that they might...