Not long ago, everyone here was worried about REITs and the real estate market, but somehow that topic has died down. Anyway, I have and continue to hold $O+1.8% stock with peace of mind, which incidentally announced another increase in its monthly dividend to $0.2555 per share, for an annual amount of $3.066 per share. This is the 121st monthly dividend increase for the common stock since listing on the NYSE in 1994!
Capital Structure
Market Cap
47.3B
Enterpr. Val.
68.9B
Valuation
P/E
43.6
P/S
11.6
Dividends
Yield
5.6%
Payout
242.1%
Do you know of a better stock in terms of stability and dividend increases?
Has anyone checked the performance against SPY? Yield including dividends for 1y,3y,5y,10y (1.45%, 19.5%, 50%, 124%) vs. SPY including dividends (18.55%, 50.6%, 71.8%, 223%)
I like REITY. Throw in some snuff and maybe an Apple and you're done👍
I also hold and am satisfied. I think of this as kind of defensive when you have growth stocks in your portfolio where there is more risk sometimes and it may not always work out. It's not growing at a breakneck pace here, but even when it's not the best of times like now, it's steadily paying a dividend so it'll cover some of that dollar down. I'm sure inflation isn't over yet, there may still be an opportunity to buy cheaper, but I wouldn't be afraid to buy cautiously now.
Just as you write, not being afraid to shop is essential. Many of us claim to follow the DCA, but at the first "disaster" in the markets they are already speculating whether not to sell or whether to buy at all.
Agreed, I only sell when I'm no longer interested in following the company any further, etc. And even there I try to maybe take a loss and sell then around zero rather than in a slump. So far I'm holding 2 of my bad investments $NVAX+0.9% and $AMC+5.4% and I'm kind of hoping it just might at least recover slightly, cut the loss and then get out. I'm not so worried about the REITs, yes they are falling, high interest rates are not good for them understandably, but once the economy is back to the point that the Fed is pivoting, it will be green for the REITs.
Nothing has changed at all since we were worried about REITs. Just investor sentiment. I'm still waiting on the possibility of buying a REIT and I believe the opportunity will come.
So the strategy is wait, wait and wait. Nothing against it, but usually the one who waits comes up empty.
I only have 20% of my portfolio in cash, so I don't think I should walk away empty-handed. It's just that this particular REIT hasn't gotten to my desired levels.
These stocks are just the grail. The dividends, the stability and the longevity. I have $O+1.8% in my portfolio.
I have$O+1.8% too, plus $MO+0.4%.
Tobacco companies are exactly the type of defensive stock that every more cautious and less risky investor should have in their portfolio.
Well, I wouldn't get too optimistic about commercial real estate and REITs just yet. Has commercial occupancy improved significantly? I don't know about that. Also, the current price isn't appealing to me anymore either, it was still going up to that $55, I'd be cautious now.
I personally am not afraid to invest in REITs even now. Of course I perceive the risks, but I am convinced that the commercial space market will recover and life will return to normal in time. REITs are at very attractive levels right now, so why sell when I can collect a dividend.
Well this is exactly the type of investment I like, a reliable dividend yield year after year. In fact, I don't even know if anyone has that long a streak, maybe a couple of companies. But as a stable and good dividend stock, I'm fine with a 50 year streak of dividend increases like JNJ, PG and such.
There are certainly more than one, steady and steadily growing dividends are ideal for a dividend investor. $O has a truly amazing streak of 121 months of increases, you just don't see that.
I'm an asshole, I first read 121 years 😂 Then yes, there are more such companies with a streak of around 10+ years.