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10 Real Estate Dividend Dog Plays For August

Published Fri, 26 Aug 2016 15:18:03 -0400 on Seeking Alpha

The Dividend Dogs Rule
The "dog" moniker was earned by stocks exhibiting three traits: (1) paying reliable, repeating dividends, (2) their prices fell to where (3) yield (dividend/price) grew higher than their peers. Thus, the highest yielding stocks in any collection became known as "dogs."

What Industries In The Real Estate Sector Show Up As "Safe"?
Real Estate sector industries listing cash margins greater than their announced annual dividends were: residential; diversified; general; lodging; retail.
Top ten Real Estate sector dogs showing the biggest dividend yields by this screen as of August 24 represented four industries: (1) residential RE had three stocks; (2) diversified RE included four; (3) general RE showed two; (4) lodging RE had one stock represented.
13 of 45 Real Estate Firms Have Cash Margins to Cover Dividends

Annual Safety Check
A previous article discussed the attributes of 45 Real Estate Sector stocks from which these thirteen were sorted. You see below the list that passed the dividend "stress" test. These 13 Real Estate dogs report sufficient annual cash flow yield to cover their anticipated annual dividend yield. The margin of excess is shown in the bold face "Safety Margin" column.
Financial guarantees however are easily over-ruled by a cranky board of directors or company policy canceling or varying the payout of dividends to shareholders. For example, Swire Pacific... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
RAIT FINANCIAL TRUST 0.18   0.0 -1.80 0.14 72.73
ANWORTH MORTGAGE ASSET 3.39   0.0 -0.98 0.44 13.17
NEW YORK MORTGAGE TRUST 6.14   12.0 0.51 0.80 12.74
AMERICAN CAPITAL AGENCY 15.64   0.0 -1.54 1.92 12.21
DYNEX CAPITAL 15.16   0.0 -10.26 1.80 12.06
CORECIVIC 18.06   12.0 1.51 1.76 9.83
PENNYMAC MORTGAGE INV TRUST 22.24   9.5 2.35 1.88 8.50
LASALLE HOTEL PROPERTIES 32.06   0.0 -0.51 1.13 2.73