TSX Dividends

Former prof stock analyst/portfolio manager. Focused on dividends, particularly value opportunities. Not advice, do your own research.

[TSX Dividends @TSXDivStock]

@BassamMelh Boardwalk and Park Place! Haha

Sometimes the supply/demand is more favourable in smaller markets.

[TSX Dividends @TSXDivStock]

The financing for $PRV.UN didn't fly off the shelf, now trading just below the $6.50 deal. It looks like a good acquisition, accretive to AFFO, but I guess not enough PMs want small cap REITs. I added more below issue price.

PROREIT Announces...
https://t.co/NsvARzstTv

[TSX Dividends @TSXDivStock]

@th3devilsbanker I never said I was 100% in REITs. Usually over 90% in income stocks, incl REITs.

[TSX Dividends @TSXDivStock]

Market is rocketing, oil is down, bond yields are down...and my equity portfolio is down.

Fricken REITs!

[TSX Dividends @TSXDivStock]

@th3devilsbanker I'm not really trying to prove my prowess here, I have a much lower beta portfolio than the S&P500. And a CAGR of just over 20% for 23 yrs, so not complaining. Not sure how that compares.

[TSX Dividends @TSXDivStock]

@th3devilsbanker Ha. I've been fortunate to make a lot of money on REITs over the years. I'm just griping about today.

[TSX Dividends @TSXDivStock]

RBC has published its latest 'Analyst Best Ideas" portfolio. New div stocks incl $KMP.UN and $TRP.TO, a weighting increase for $EQB.TO and many usual faves $BCE.TO, $PPL.TO, $DHT.UN, $ALA.TO, etc

[TSX Dividends @TSXDivStock]

@cap_allocate @East72Dynasty @BrownMarubozu Thanks. Certainly has a long track record. I wish it paid a more attractive regular dividend.

[TSX Dividends @TSXDivStock]

Analyst upgrades $BMO.TO in post-quarter review of sector. $NA.TO still his top pick.

[TSX Dividends @TSXDivStock]

Scotia analyst highlighting new drug studies that have the potential to double DRI Healthcare's royalties! Woohoo! (still my biggest holding). $DHT.UN

[TSX Dividends @TSXDivStock]

RBC analyst raises target on $CM.TO following Q1 (and drop in stock yesterday).

I find it hard to put new money into banks these days. CM is trading at 14.3x, compared to 9.9x long term avg (peers at 15x). Relatively, CM still looks good, but valuations are well above normal.

[TSX Dividends @TSXDivStock]

Clean beat by $TD.TO. Both $RY.TO and $CM.TO also reported above consensus and getting analyst praise today. Seems like the strong YTD performance for Cdn banks has been justified. RBC analyst comments on TD:

[TSX Dividends @TSXDivStock]

EQB's Q2 wasn't a disaster, but certainly not in the same class with the strong results from the big banks (and trades at 12x, which used to be considered a high multiple for a Cdn bank). Comments from Scotia analyst: $EQB.TO

[TSX Dividends @TSXDivStock]

Strong results from Cdn banks this morning: $BMO.TO, $BNS.TO, $NA.TO all beat consensus. RBC comments on BMO results below.

(analyst may have to raise his target price 😆).

[TSX Dividends @TSXDivStock]

RBC upgrades Choice, maybe Canada's highest quality REIT $CHP.UN

[TSX Dividends @TSXDivStock]

TD upgrades $PPL.TO and $GEI.TO, raises valuation multiples for energy infrastructure stocks. (TD had previously downgraded PPL on Feb 17, unfortunate timing 😬)

[TSX Dividends @TSXDivStock]

@NuggetCapital I’ve yet to see an oil analyst give an assessment of the oil price in six months if Iran has no sanctions, and OPEC stops throttling back.

[TSX Dividends @TSXDivStock]

Scotia on potential deal for Slate Grocery. 7% yield with potential near term upside, seems like a nice risk-reward to me. $SGR.UN

[TSX Dividends @TSXDivStock]

@BassamMelh I think it could be. But it is larger, over $5bn mkt cap, so fewer potential buyers. No major shareholder.

[TSX Dividends @TSXDivStock]

Scotia REIT analyst today talking about the surge in buyouts recently, names $KMP.UN, $HOM.UN and $DIR.UN as top takeout candidates. (They probably should have picked $SGR.UN, given the news today).