We got 3 stocks today that looks pretty over sold
It has been hovering at this level for some time. One of the biggest REIT around and certainly a good forward yield at 6.9%. It does look like it has a tendancy of turning down.
The office REIT sector have been hard hit by a slew of office spaces fighting for occupancy. Is 1.36 a good level? Do note that forward yields are lower than the past.
Or thats what we will be calling it in the future as part of the AGM resolution is to change the name to such. I really hope they did a feng shui analysis on this. Although the breadth indicators look good, i am skeptical that i am suppose to pay a historical safe 6.4% yield at this price.
We really hope that there is a earnings revision upwards, else the yield does not present a good risk vs reward.