I do not want a REIT to be my largest holding.
I sold 33 shares LTC Properties (LTC) at $37.37/share + commissions. I decided to to prune back the position since it has increased in value immensely and has overtaken PM as the top holding in my portfolio. I never meant for LTC to be a top holding, it more or less happened by accident. The original purchase was made in March 2011 at around $28 and I averaged down last August when it was trading around $23 (I couldn't resist). I then dripped the shares for 6 months until it recovered to the original purchase price. Using the average cost basis I booked a 53% total return profit.
I plan to use the proceeds to buy shares in a different REIT. I like SNH specifically at this point in time. I need to spend time researching the sector, I'm looking to find a decent yield.
When it comes to REITs, I love the idea of the healthcare focused ones. I'm a bit bullish on mall-based REITs as well over the long term. Looking forward to watching your moves.
ReplyDeleteDue to my profession, owning real estate is not practical. I move every 1-3 years. I devote a portion of my portfolio to REITs accordingly. REITs are nice because it's easy to find a healthy yield. Some of my favorites are listed in my watch list, but I started looking at others such as HCN, HCP, and NNN. I'm going to stick with health care for now, but might look at other types in the future.
DeleteI first bought LTC March 2011 in my taxable account. I decided REITs should be in my ROTH and then transferred it a few months later.
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