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A real estate investment trust whose primary business is the ownership and operation of real estate, including office and industrial buildings and leased industrial land.
This was a moderately priced stock that has not just taken a beating, but has been nearly mortally wounded. The company, however, is very strong and is quite likely to weather the storm. As they have in the crash of the late 90's, their quarterly dividend has remained untouched, at .21/share. Their current yield is 21%, give or take a point. With Freddy and Fannie on the butcher's block, this REIT will move sideways for about 20 months or so, which will be really nice for the dividend, but with a stock price that hardly invites investment. If you are in it right now, either add to the position or hold the fort. The dividends, in a DRIP mode, will carry you through the bear market. Think of the profit during the next uptake!!
This is my next purchase, just hoping it'll take a dive in stock price but if not I will still grab this stock. Good 4-star rating!
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