Lowe’s Companies Inc. (LOW) are set to release their second quarter earnings before the bell on Wednesday. Home Depot (HD) reported better than expected Q2 results last week, and subsequently saw their stock drop 3% the next trading day. Home Depot beat on both the top and bottom line when compared to analysts’ expectations, margins increased, and management increased their 2017 guidance, and yet their stock still fell. What does this mean for Lowe’s earnings?
Year to Date Performance Lowe’s has been on a bit of a roller coaster in 2017 with the stock gaining 5.7% year to date at the time of this article. The stock hit its 52-week high of $86.25 in May, but quickly retreated after the announcement by Sears Holdings (SHLD) stating they would start selling their... more
Killam Apartment REIT (OTC:KMPPF) (TSX:KMP.UN) posted a strong Q2 result with SPNOI growth. Its balance sheet continues to improve. Its payout ratio remains healthy. With acquisitions and development projects in the pipeline, the REIT is set to grow its portfolio and return values to its unit holders.
Source: Company Website
In this article, we will discuss about Killam’s Q2 financial and operational highlights. For a fundamental overview of the REIT, please also read here.
Q2 2017 Financial Highlight In the past quarter, Killam Apartment achieved same property net operating income (SPNOI) growth of 3.0%. Including Q1, its SPNOI growth was 2.4% YTD. Management has done an excellent job focussing on increasing its same property NOI in the past. Killam’s same... more
Digital Realty Trust (DLR) is a great company and a strong player in the data center REIT space. The dividends are very safe and growing. At the current market price, the dividends and the potential of its big acquisition make DLR a good opportunity for a dividend growth investor.
What did I think last time? I last wrote about DLR on July 18. In large part I focused on how the acquisition of DuPont Fabros Technology (DFT) was good for DLR shareholders and for the company. I also did an analysis on how best to buy shares. Based on the acquisition deal and prices at the time I concluded it was a slightly better deal to buy shares of DFT to get DLR shares than to buy DLR shares directly. I have been a long time bull on DLR and saw plenty of reasons to buy more shares.
What new... more
President and CEO of Jefferson Security Bank (OTCQB: JFWV), Cindy A. Kitner, announced the Board of Directors approval of a semi-annual dividend at their August 16, 2017 meeting in the amount of $0.60 per share, payable on September 15, 2017 to shareholders of record on August 31, 2017. This increase results in a total dividend of $1.15 per share in 2017, representing an increase of 15% from the total dividend in 2016 of $1.00 per share.... more
Inter Pipeline Ltd. (OTCPK: IPPLF) has sold off with the energy sector and its aggressive capex plans have added more uncertainty in a weak environment. At 10X adjusted funds from operations (AFFO) the shares are now very cheap for a company that has to spend very little to maintain its infrastructure. Insiders share our view.
Inter Pipeline is down 25% in 2017 in spite of having a low-volatility predictable business.
The company owns energy infrastructure assets in Canada and in Europe that produce regular cash flow.
Source: Inter Pipeline August 2017 presentation
It does carry some commodity price risk, but at 20% of EBITDA, it can be considered largely insulated.
The combination of growing funds from operations and... more
The purpose of this article is to determine the attractiveness of the iShares Select Dividend ETF (NYSEARCA: DVY) as an investment option. To do so, I will review DVY's recent performance, current holdings and sector weightings, and trends in the market to attempt to determine where the fund may be headed as we approach 2018.
First, a little about DVY. The fund seeks to track the investment results of an index composed of relatively high dividend paying U.S. equities. The index includes companies with comparably high dividend yields that have at least a five year track record of paying those dividends. DVY is currently trading at $91.34/share and its most recent dividend payment was in June for $.73/share. Based on its most recent payout, the fund yields 3.20% annually. So far in... more
Investment Thesis: The best way to understand the high monthly paying ETFs and CEFs is to uncover how much they actually "earn" out of their distribution. We did just that for Alpine Global Premier Properties Fund (AWP) and concluded that it was not for us at this discount level.
AWP distributes $0.05 a month giving it a yield of 9.6% on the current price. In this yield starved world that represents a pretty decent number, specially since AWP is trading at a 10% discount to NAV. It is commonly accepted that such high-return investments do not completely "earn" their keep. That is they return your capital/principal back to you. But how much? That has always been the key factor for us in assessing investment in CEFs and ETFs and it came up recently on Rida... more
In my Dividend Growth Portfolio – which is a real-time, real-money portfolio that recently passed its 9th anniversary – I reinvest dividends when they accumulate to $1,000 in cash in my account. That happens about four times per year. I don’t drip the dividends.
The next $1,000 threshold will be hit soon, which means that I get to go shopping. I love shopping for dividend growth stocks. Because no new (outside) money ever enters this portfolio, dividend re-investments are the only times that I can shop for new stocks to place into the portfolio.
I have used various methods over the years to select stocks. Sometimes, I buy more of something I already own, while other times, I choose an entirely new stock. I like to find high-quality companies that have a certain... more
Subscribers ofThe Mortgage REIT Forum had early access to this article over the weekend and received real-time text message alerts.
If there were two items which were nearly identical in every way, except one was vastly cheaper. Which one would you choose?
CBL & Associates Properties (CBL) has two preferred shares with this very problem. Or solution, depending on how you look at it. Last week, I said investors should put CBL-D on the watch list. I liked CBL-D, but I wanted a lower price on it. The security dropped from $24.20 to $23.90. CBL-E, on the other hand, is far from a good investment.
Here are the recent prices:
CBL-D has dropped into the buy zone by 18 cents. CBL-E on the other hand is priced absurdly high. Why? Because the... more
Motorola Solutions, Inc. (NYSE: MSI) today announced that its board of directors has approved a regular quarterly dividend of 47 cents per share payable in cash on Oct. 13, 2017, to stockholders of record at the close of business on Sept. 15, 2017.... more