20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Analyst Upgrades/Downgrades:
BMO Capital made two calls on August 26, 2014 in the mall REIT space, upgrading Macerich (NYSE: MAC) from Market Perform to Outperform; and downgrading REIT industry giant Simon Properties Group (NYSE: SPG) from Market Perform to Outperform.
Here is a glance at how they have performed year-to-date vs. industry peers and the S&P 500:
Industry leading General Growth Properties (NYSE: GGP) is paying out one of the sectors lowest yielding dividends -- currently yielding only ~2.6 percent. Based its higher yield and poorer performance YTD, Macerich looks like it have some room to run based upon valuation.
As reported on Benzinga, Mizuho initiated coverage of the apartment REIT sector on August 25, 2014. Mid-America Apartment Communities (NYSE: MAA) and Camden Property Trust (NYSE: CPT) with its Buy rating; while Home Properties (NYSE: HME) and UDR Inc. (NYSE: UDR) were started at a Neutral rating.
Recently, Benzinga reported that the UBS O'Connor LLC hedge fund unit had sold off most of its REIT shares -- including a large stake in Mid-America Apts. -- to lock in the gains resulting from the run-up in share prices YTD. The largest sales UBS hedge fund sales by dollar volume were in the apartment REIT sector.
REITs in the News:
- Global industrial real estate giant Prologis (NYSE: PLD) recently reported a related party $448 million USD sale of five Class-A properties from its wholly owned Japanese portfolio to Nippon Prologis REIT. NPR is externally managed by a wholly owned subsidiary of Prologis.
- After the bell on Monday, August 25, 2014 small-cap shopping center real estate trust Whitestone REIT (NYSE: WSR) declared a $0.285 quarterly dividend to be paid to common shareholders, which are payable monthly in three installments of $0.095 per common share and OP unit. Whitestone is currently the second highest yielding REIT in the shopping center sector with the current dividend yielding ~7.56 percent.
Notable Real Estate News:
- On August 26, 2014, Ocwen Financial related entity Altisource Portfolio Solutions (NASDAQ: ASPS) completed a previously announced restructuring which gives it more flexibility with regard to future stock buy-backs. The Ocwen entities have been under investigation by the New York Department of Financial Services regarding related party transactions.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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