We are now off and running. Welcome to the new year! The stock market has gone even higher today making it more difficult to find depressed stocks, but after taking out my magnifying glass I think I was able to round up a few.
Ventas Inc. (VTR)
I’ve been looking to add some REIT’s to my portfolio now that I have some cash to deploy in my Roth IRA. Quite a bit of REIT’s are reaching their 52 week lows, and this one is really looking good to me.
I work in healthcare, and really like this sector. The fact that individuals are living longer and will always need people to help take care of them makes me confident healthcare is only growing.
I currently own a Healthcare REIT with Omega Healthcare Investors (OHI). One thing VTR has done different from OHI is pivoted away from the skilled nursing sector. Some people feel as if this will save VTR money and increase their cash flow.
One great note about VTR is it has grown its dividend by an average of 8% from 2001 to 2016. It is supporting a 5.4% yield at the moment and I have no doubts this company is being managed by some incredibly talented people.
EPR Properties (EPR)
This is a retail REIT, and as most of us know, the retail sector suffered some big hits in 2017 due to the “Amazon effect.”
EPR has a portfolio that contains Recreational, Educational and Entertainment properties. They own many different things from Cinemarks to school properties and education centers to golfing attractions. Ever heard of Top Golf? Just like VTR this REIT is down to its 52 week low, but supports a 6.5% dividend yield.
I am a believer this stock could be a buy and hold.
Tanger Factory Outlet Centers (SKT)
Who doesn’t like to shop? Tanger is another retail REIT that has been beaten down pretty good because of the almighty Amazon.
If you live in the United States or Canada, you’ve probably driven by or even stopped and shopped at a Tanger Outlet.
I have one about 30 minutes from where I live and it always seems to be crowded. Maybe it’s just when I go?
Tanger has tenants which include Nike Inc., The Gap Inc., and V.F. Corp. to name a few.
Although this stock dropped quite a bit in 2017, I think retail will start to recover in 2018. And with SKT yielding 5.3%, I wouldn’t mind getting paid to wait on this rebound.
Dominion Energy (D)
I mentioned needing to diversify my portfolio in my 2018 goals. One sector I need some coverage in is the Electric Utilities.
Dominion Energy is one of the nations largest power and energy companies. Dominion just announced it was purchasing the struggling Scana Corporation (SCG) which caused the stock price to drop by about $4.
Whenever uncertainty is in the air, people usually go running.
Dominion has proven itself over the years to be a good investment and is even noted as a Dividend Contender.
The best part is this Contender just announced another 10% dividend increase for shareholders and is currently yielding 4%.
What do you think about my stock watch list? Are you considering any of these choices? Please comment below.