Viewing Company Cominar Real Estate Inv Tr | StockChase
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Cominar Real Estate Inv Tr Stock Symbol: CUF.UN-T

Last Price Recorded: $14.3300 on 2017-04-24

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Date Signal Expert Opinion Price
2017-04-21 COMMENT Greg Newman

Their NOI dropped 3.7% in Q3. He models less than 1% growth over the next couple of years, versus its peers which are in a 2.5%. They have an all-in payout ratio of 114%. Making asset sales to bring down their balance sheet, which is good. Feels the fundamentals of Québec and Ontario are slightly better than what they have been. Trading at 11X. Probably not a bad place to be picking away, but it is not your highest quality REIT.


Price:
$14.430
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2017-04-18 TOP PICK Derek Warren

Feels the 3 top picks have probably lagged the market unfairly. He sees an improving Québec economy, and this is the largest landlord in Québec. Management has gone through some decisions over the last 2 years that were not great, when they tried to grow too aggressively. However, they have said they are done and are now focusing internally on the company. Payout ratio is a little high, but there is some visibility in the future leases that are signed but not yet economically contributing to the income statement. If you have a 3-year hold, buying in the $14 range is going to give you a very solid yield, and it will skate through over the next couple of years. Dividend yield of 10%. (Analysts’ price target is $15.)


Price:
$14.730
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2017-03-31 DON'T BUY Andy Nasr

The dividend is safe.  The management team has historically done a very good job of development.  There is now relatively highly indebtedness.  Low occupancy and high debt and stagnancy in growth have impacted their valuation.


Price:
$14.400
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
CAUTIOUS
Owned:
Unknown
2017-03-24 HOLD Greg Newman

They did some things right such as really good asset sales and the balance sheet is a bit better.  But debt to fair value is still a little high.  The payout is relatively high, but with the drip all in it is closer to 80%.  A dividend cut probably won’t need to happen.  Fundamentals are continuing to gain some traction.  They are growing at 0.8%.  It is very cheap and you can expect better things.


Price:
$14.520
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH on DIVIDEND STOCKS
Owned:
Unknown
2017-01-31 COMMENT Andy Nasr

Fairly well diversified. They own some office retail properties. It is mostly a Québec REIT. This used to be family run focusing on development, and then they went on a massive acquisition binge and overspent for a lot of properties. They leveraged up the balance sheet, so it is excessively indebted. There are better alternatives.


Price:
$14.590
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2016-12-29 WEAK BUY Steve Belisle

The dividend is sustainable.  You have to go back to a couple of years ago when they were Quebec centric.  Quebec city was one of the best office markets.  They tried to diversify and they bought some lower quality properties, continuing into Atlantic Canada.  This diversification process has been challenging.  He is cautious about it.


Price:
$14.580
Subject:
NORTH AMERICAN - LARGE - DIVIDEND
Bias:
BULLISH on FINANCIALS
Owned:
Unknown
2016-11-23 HOLD Andy Nasr

Owns a little bit. One of the REITs that is fairly well diversified with a lot of exposure in Québec. It has historically grown through development, but went on a buying spree about 5 years ago, which they are now trying to adjust in their portfolio. Trading at a relatively attractive valuation. He may add to this if it gets a lot cheaper. Dividend yield of over 10%.


Price:
$14.030
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-11-17 COMMENT Derek Warren

Dipped his toe into this. Doesn’t know if it’s the greatest idea, but just knows that in the large portfolio that he has, he has to have some. Canada has to get out of this recession, and typically it is Québec that takes us out. He would love to see a change in management. They are overpaying on their dividend; however they can skate on side with an improving economy. Don’t put everything into this one name. It is too risky. Combine it with some lower yielding safer names. Dividend yield of 10.7%.


Price:
$13.760
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Yes
2016-11-09 DON'T BUY Daniel Lloyd

It is not a short, but it does not look great.  They pay out more than they bring in.  The stock has been beaten up.  The market is pricing in a distribution cut.  Wait until that happens to look at it again.


Price:
$13.880
Subject:
CANADIAN
Bias:
BEARISH
Owned:
No
2016-11-04 COMMENT Robert McWhirter

A lot of REITs have been slow because of the fear of rising interest rates. This one ranks 270 in his database, borderline top 3rd. Dividend yield of 10.3%. Payout of 87% of 4th quarter trailing cash flow which is of concern. Currently trading at 1 year lows. Earnings growth is expected to be modest at $1.76, versus $1.70. Low PE. Be cautious on this one.


Price:
$14.020
Subject:
CANADIAN DIVIDEND & GROWTH
Bias:
UNKNOWN
Owned:
No
2016-10-12 WEAK BUY John Zechner

He does not worry about the dividend or payout.  He is more comfortable with one than some of the others.  You have to look at their properties and where they are. 


Price:
$15.040
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2016-10-11 TOP PICK Ross Healy

A very, very nice yield of close to 10%. The payout is nicely covered and the company has a very, very strong balance sheet. This is the kind of thing he describes as really super good value. Thinks this is a longer-term hold.


Price:
$14.660
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-02 COMMENT Derek Warren

Doesn’t think you are going to get a lot of capital appreciation on this, but the yield is very attractive for a very large company. They need to get their debt down, which implies that if the price does go up, they will issue stock, which will bring the price down. If you are a yield focused investor, looking for a large, very liquid stable company, and you like the Quebec economy, this would be a good play. 8.8% yield.


Price:
$16.620
Subject:
REIT's
Bias:
UNKNOWN
Owned:
No
2016-07-08 COMMENT Derek Warren

Doesn’t own this as he was a little disappointed with the growth pattern it had. The nice thing, if you have a long-term view, is that its yield is about 8.5%. Cheap on a historical basis, trading at around 11X earnings. If you believe the Québec economy is going to pick up, this could work out very well.


Price:
$17.280
Subject:
REIT's
Bias:
UNKNOWN
Owned:
No
2016-05-20 HOLD Jaime Carrasco

Why have they discontinued the DRIP? If a company has stopped their DRIP program, it’s more that they don’t want to continue issuing shares and continuing its dilution. REITs are a good place to be, and this is one of the better ones. His company has it as a Sector Perform with a $17.50 target in 12 months.


Price:
$17.390
Subject:
RESOURCE, UTILITY & REITs
Bias:
BULL on GOLD & SILVER
Owned:
No
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