LMP Real Estate, Inc.me Fund Inc. (AMEX:RIT)
A closed-end investment company
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BoilerUp82
(42.05)
Submitted: 9/28/2010 6:55:13 PM :
Start Price:
$8.34
RIT Score:
-12.05
Div. is good, but when the real estate comes back ( within five years) the stock will rise.
Recs
pslorenz
(93.86)
Submitted: 2/27/2009 8:38:15 AM :
Start Price:
$2.71
RIT Score:
+137.10
Decent positions in office, industiral and healthcare positions should keep this afloat over the short term as well as poise this position for a comeback when the real estate sector recovers.
Recs
rob0809
(26.24)
Submitted: 1/24/2008 1:47:55 PM :
Start Price:
$9.96
RIT Score:
-15.63
I'm going to keep my eye on you, could it be the real esatate market is ready to turn around?
Recs
djp50
(< 20)
Submitted: 11/29/2007 8:31:02 PM :
Start Price:
$11.02
RIT Score:
-14.57
This closed-end fund invests in the stock and debt of commercial real estate owners in the U.S. Top holdings include real estate investment trusts (REITs) like apartment owner Camden Property Trust (NYSE: CPT), commercial real estate lender iStar Financial (NYSE: SFI), office owner HRPT Properties (NYSE: HRP), and shopping mall developer Macerich (NYSE: MAC). RIT pays a regular monthly dividend, which has increased +74% since the start of 2007 to $0.19 per share which is at a 13.52% current distribution rate. Since inception in 2002, the fund has produced total returns (share price plus dividends) of +16% a year on average. The shares are currently trading at a slight discount of -0.288% to NAV. With above-average long-term returns, strong dividend growth, and a double-digit dividend yield, RIT has an attractive profile for the high-yield investors.
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