Published Fri, 05 May 2017 14:14:49 -0400 on Seeking Alpha
It has been a challenging week for many higher yielding securities. For example, REITs, BDCs and MLPs (all known for high yield) have sold off significantly (see data below). We are in no way calling a bottom (or suggesting an immediate rebound) for any of these securities, but we do believe some high-quality companies have sold off thereby making for more attractive entry points for long-term investors. This article highlights 100 high-yield equities that sold-off over the last week, and then reviews 10 specific attractive opportunities that long-term income-focused investors may want to consider.
For starters, here is the list of 100 high yield equities that sold off.
(data source: Stock Rover, data as of 5/4/2017)
Before getting into the 10 specific opportunities, first we review a few reasons for the sell off. For example, declining oil prices hurt the energy sector, which clearly had a big impact on many of the Master Limited Partnerships ("MLPs") in the group because they are largely energy-related.
And here is a look at the recent performance of the Alerian MLP Index.
However, in addition to hurting the energy sector, declining oil prices also hurt many high-yield debt securities. Specifically, here is a look at the high-yield bond ETF (NYSEARCA: JNK) versus the S&P 500 over the last week.
And interestingly, as high yield sells off, BDCs often sell off too. The reason is because BDCs provide... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|OMEGA HEALTHCARE INVESTORS||41.16||32.4||1.27||2.64||6.57|
|HEALTH CARE REIT||52.22||41.1||1.27||3.48||6.40|
|SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF||108.94||0.0||0.00||6.07||5.58|
|PHYSICIANS REALTY TRUST||17.27||61.7||0.28||0.92||5.36|
|TEEKAY OFFSHORE PARTNERS LP||1.18||0.0||-0.11||0.01||0.85|
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