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3 Dividend Stocks, 2 REITs And A Dividend Champion

Published Thu, 27 Sep 2018 08:00:00 -0400 on Seeking Alpha

This research report was produced by The REIT Forum with assistance from Big Dog Investments.
Today, we bring you two REITs and a dividend champion.
Apartment Investment & Management Company Apartment Investment & Management Company (AIV) is gradually improving the average quality of their portfolio by selling off some of their older assets and acquiring new assets.

Source: AIV
AIV is providing clear guidelines for the expected level of capital activity. That gives investors a little more insight into the expected changes in the portfolio.
Their geography within the portfolio looks pretty good.
Source: AIV
The portfolio is clearly overweight California, but many apartment REITs are overweighting California. Essex Property Trust (ESS) is dramatically overweight in California and often trades at the highest multiples. I like the geography, but some of the assets are older or less appealing.
Sector risk
The apartment REIT sector is not inherently strong against recessions. Their ability to perform through a recession is primarily driven by strong balance sheets. If the apartment REITs were taking on aggressive levels of leverage, they could get hammered much worse during a recession.
However, AIV’s portfolio does provide a couple of ironic benefits.

Source: AIV
AIV has a weaker average asset quality than several of their peers. While some companies would try to hide that factor, AIV presents it as a strength.... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ANNALY CAPITAL MANAGEMENT 9.22   0.0 -1.59 1.20 12.90
ALTRIA GROUP 52.81   16.1 3.28 3.20 6.17
PHILIP MORRIS INTERNATIONAL 86.24   17.4 4.95 4.56 5.32
ESSEX PROPERTY TRUST 289.41   45.7 6.33 7.80 2.72

ANNALY CAPITAL MANAGEMENT - NLY
ANNALY CAPITAL MANAGEMENT - NLY  


Older articles featuring Annaly Capital Management (NLY):
Cumulative Dividend Cuts At The Midpoint Of Q2 2019
2 Buy Ratings With Yields Up To 12% From The REIT Sector
Don't Miss Out On This 6.85% Dividend Yield From AGNC Preferred Share
IShares Mortgage Real Estate ETF Has The Highest REIT Yield, But The Lowest Performance
3 “Cash Cow” Dividend Stocks Yielding Up to 21%
My Dividend Growth Portfolio April Update: 42 Holdings, 6 Buys, 5 New Holdings And 1 Called Away
Annaly Capital Management: Take A Look At This 6.8%-Yielding Preferred Stock
Stop Being Stubborn: Hunting For Dividends In AGNC's Preferred Share
My K.I.S.S. Dividend Growth Portfolio: 1st Quarter 2019 Update
2019 First Quarter Update, 10% High Yield Stocks Massive-Recovery

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