Saturday, May 6, 2017

Recent Buy O

I knew when I bought a single share of O a couple months ago that this was a position that I was going to add to this position. When the stock fell 3% on Thursday below 57, I felt I had a good entry point. So I made another small buy of 2 shares @ 111.94 or 56.97 per share. Not bad for a 4.1% yield for a very stable REIT that has a very stable collection of Tenants (Pharmacies, Fedex, Dollar Stores, Theatres) with long term contracts. On top of that I love the monthly payouts and the dividend growth history. I don't really see REITs ever becoming a huge part of my portfolio. But I can definitely see myself continuing to add to this position in the future.

1 comment:

  1. Great buy, I also initiated a position this month. Keep up the good work.