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Deep Value Dividend Growth Index Week 37 Update: The Inexplicable Case Of Crashing REITs

Posted On August 9, 2017 2:40 am
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Portfolio Update:

REIT’s, one of our largest sectors, had a down week (0.5%) after 3 straight weeks of gains.

However, interestingly enough, our REITs, despite mostly beating earnings expectations, a stable economic growth outlook, and interest rates hovering around the low 2.23% to 2.27% range (with very little volatility), have marched steadily downwards.

This unexpected and perplexing pattern has granted us more buying opportunities which we always love.

Meanwhile energy prices have pulled back a bit, though remain around $49 to $50, however, like REITs, many of our favorite energy holdings have dipped, especially Helmerich & Payne, which we have steadily added to.

Earnings disappointments (despite continued continued strong growth) has also allwoed us to further add to some of our favorite growth names, such as MercadoLibre (MELI), which plunged 10% post earnings despite top and bottom line growth of better than 50%.

 

About author

Dividend Sensei
Dividend Sensei

I'm an Army veteran and former energy dividend writer for The Motley Fool. I currently write for both Seeking Alpha, Simply Safe Dividends, Investorplace.com, and TheStreet.com. My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams, and enrich their lives. With 20 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams. I'm currently on an epic quest to build a broadly diversified, high-quality, high-yield dividend growth portfolio that: 1. Pays a 4% to 5% yield 2. Offers 9% to 10% annual dividend growth 3. Pays dividends AT LEAST on a weekly, but preferably, daily basis

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