Senior Housing Properties Trust (SNH) has been somewhat of a drag on the portfolio, down 2.64% since introduced on 12/30/2010. Fourth quarter 2011 earnings came in at $0.24 per share — right where analysts had expected — and up 20% from the prior quarter.
Share prices, though, have not done as well as its peers in the health care sector. Plus it’s trailing the S&P 500 so far this year.
But it pays a nice 7% yield (vs. 5.3% for the sector), which is something I’m always looking for when evaluating REITs. The next earnings announcement is expected the week of May 1. Analysts are looking for $0.24.
So I’ll stick with SNH for now.
Here is the e-FinancialWriter REIT portfolio for the week ending March 9, 2012.
REIT | Sector | Blog date | Price | Closing price 03/09/12 | Return to date % | Dividend yield % |
PSA | Self storage | 90.75 | 130.72 | 44.04 | 3.02 | |
VTR | Health care | 52.87 | 55.39 | 4.77 | 4.23 | |
HCP | Health care | 36.81 | 39.03 | 6.03 | 4.97 | |
HCN | Health care | 47.53 | 54.35 | 14.35 | 5.31 | |
SNH | Health care | 22.00 | 21.42 | -2.64 | 7 | |
IAECREIN:CN | 19.45cn | 24.06cn | 23.68 | 0 | ||
ZRE:CN | 16.29cn | 19.75cn | 21.24 | 5.09 | ||
INVRLPRA:CN | 5.45cn | 5.46 cn | 0.16 | 2 | ||
NNN | Retail | 27.18 | 26.42 | -2.80 | 5.81 | |
Index return since inception* | 18.30 | |||||
Avg 12-mo return of REITs in portfolio* | 11.35 | |||||
Avg dividend yield of REITs in portfolio | 3.02 | |||||
12-mo return S&P 500 | 5.11 |
Source: Bloomberg
*Does not include dividends paid
If you have trouble seeing the chart, just in zoom in with your web browser.
To read the posting where I introduced a specific REIT, click the “Blog date” link. And if you’d like to see prior week’s reports, type “reit index” in the search box.
Enjoy the rest of your weekend!
George
Dear Mr. Lambert:
ReplyDeleteIn your Investopedia article, "common IRA Rollover Mistakes," you caution, "If you are simply moving your IRA from one financial institution to another and you do not need to use the funds, then you should consider using the transfer method, instead of a rollover." Further on, you state "If you want to avoid the withholding and the associated reporting requirements, a direct rollover is the method that should be used to effectuate your rollover from your qualified plan, 403(b) plan.
Am wanting to move my daughter's 403(b)'tax-sheltered annuity IRA' from VALIC (which is very restrictive) to a 'Traditional IRA' at Schwab.
Which method should we use?
Thank you for your help.
David M. Young
Thanks for writing in David.
ReplyDeleteIn the case of a 403(b) plan, your daughter should do a “direct rollover.” VALIC will then send the check directly to Schwab without withholding any taxes.
They might, however, insist on sending it to your daughter, but payable to Schwab. Then she can simply mail or take it to her Schwab broker.
She should NOT accept a check payable to her.
Another thing: VALIC might want to charge a surrender fee, especially considering that her money is in an annuity.
Good luck!
George