Published Sat, 28 Nov 2020 10:45:11 -0500 on Seeking Alpha
Seeking AlphaREITsLast Chance To Get 5.9% Yield On This Premium Triple Net REIT: W. P. CareyNov. 28, 2020 10:45 AM ET|| About: W. P. Carey Inc. (WPC), Includes: KBWY, NOBL, REGL, RFI, RNP, RQI, TDV, VNQ, WDIVby: Rida MorwaRida Morwa High Dividend OpportunitiesThe #1 Service for Income Investors and Retirees, 9-10% dividend yield.SummaryWhen the market collapsed in March, we had our wish list ready to go.
Today, we take a look at a REIT that was at the top of that list.
Conditions for triple-net REITs are fantastic, the whole sector is going to boom.
Buy this elite triple-net before the price runs away from you.
Co-produced with Beyond Saving
The market overreacts. It always has, and it always will. The market will run ahead, pricing in high valuations that only make sense if absolutely everything goes perfectly – which we all know never happens in the real world. Then when faced with a real-world problem, the market will sell off in a panic. With valuations going very low as the market goes from underestimating risk to overestimating risk.
We saw this happen in March. COVID-19 created a lot of "firsts" and a lot of unknowns. Until that time, we had never seen nationwide lockdowns, businesses ordered closed and "shelter-in-place" orders. Nobody really knew what would happen.
The market took what were very real threats to the health of numerous businesses and exaggerated them. At what we now know (with 20/20 hindsight) was market bottom in late March, several voices were calling for investors to sell everything.
While the market ran in fear, we advocated buying. One of the specific picks that we added to our portfolio in late March was W. P. Carey (WPC). WPC is a blue-chip triple-net REIT that we had our eyes on for several years but it was just too expensive.
COVID changed that, allowing us to take advantage of the sell-off and buy a top quality company at a discount. Today, we have a lot more clarity about COVID-19 and there is light at the... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|COHEN & STEERS TOTAL RETURN REALTY FUND||14.98||0.0||0.00||0.00||6.56|
|COHEN & STEERS REIT||23.56||0.0||0.00||0.00||6.38|
|COHEN & STEERS QUALITY INCOME REALTY FUND||15.60||0.0||0.00||0.00||6.30|
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