Retirement Residences REIT

RRR.UN-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about RRR.UN-T

Signal
Opinion
Expert
COMMENT
COMMENT
January 12, 2007
Being acquired by a pension fund. Expects the vote later on will accept the offer.
Being acquired by a pension fund. Expects the vote later on will accept the offer.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$8.330
Owned
Unknown
SELL
SELL
September 29, 2006
Sold this trust at $10.00 many months ago. If you own recommends selling half of shares at around $8.00. It is best to take a little bit off the table just in case it goes down to $6.50-7.00. Believes that there are better REITS out there.
Sold this trust at $10.00 many months ago. If you own recommends selling half of shares at around $8.00. It is best to take a little bit off the table just in case it goes down to $6.50-7.00. Believes that there are better REITS out there.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$7.840
Owned
No
SELL
SELL
September 28, 2006
Take the money and run.
Take the money and run.
David Baskin
President, Baskin Wealth Management
Price
$8.060
Owned
No
BUY WEAKNESS
BUY WEAKNESS
July 21, 2006
Paul Reichmann plans to join the bidding for this company. Feels there will be more bids. At anything below $7.50, the risk/reward is very good and you should be buying.
Paul Reichmann plans to join the bidding for this company. Feels there will be more bids. At anything below $7.50, the risk/reward is very good and you should be buying.
Ravi Sood
President and Chief Operating Officer, Lawrence Asset Management
Price
$7.480
Owned
Yes
DON'T BUY
DON'T BUY
July 7, 2006
Largest “retirement home” owner in Canada. Have had a real problem. They have two choices. 1) They get acquired or 2) cut or suspend distributions.
Largest “retirement home” owner in Canada. Have had a real problem. They have two choices. 1) They get acquired or 2) cut or suspend distributions.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$7.690
Owned
No
DON'T BUY
DON'T BUY
June 23, 2006
Has been forced into putting itself up for sale. They have been notorious over payers. If a buyer does not materialise, there will probably be a distribution cut.
Has been forced into putting itself up for sale. They have been notorious over payers. If a buyer does not materialise, there will probably be a distribution cut.
Dean Orrico
President, Middlefield Capital Corp.
Price
$7.520
Owned
Unknown
BUY
BUY
June 9, 2006
Has an outperform rating on it. Purely speculative play and not for the risk adverse or dividend seeking investor. She is banking on a takeout.
Has an outperform rating on it. Purely speculative play and not for the risk adverse or dividend seeking investor. She is banking on a takeout.
Gail Mifsud
Senior Real Estate Analyst, Blackmont Capital
Price
$7.960
Owned
No
COMMENT
COMMENT
May 26, 2006
Been a complete mess lately. Up for sale and a potential bidder, Chartwell, dropped out. That took the stock down. Thinks it will get sold for a higher price than what it is trading at, maybe $9.50.
Been a complete mess lately. Up for sale and a potential bidder, Chartwell, dropped out. That took the stock down. Thinks it will get sold for a higher price than what it is trading at, maybe $9.50.
Ravi Sood
President and Chief Operating Officer, Lawrence Asset Management
Price
$8.250
Owned
Unknown
DON'T BUY
DON'T BUY
May 12, 2006
Payout ratio, based on Adjusted Funds From Operations, is well in excess of 100%. Have put themselves up for sale. Chartwell (CSH.UN-T) are dropping out of the bidding process. Concerned about their continuing distribution.
Payout ratio, based on Adjusted Funds From Operations, is well in excess of 100%. Have put themselves up for sale. Chartwell (CSH.UN-T) are dropping out of the bidding process. Concerned about their continuing distribution.
Sandy McIntyre
Vice-Chairman and CIO, Sentry Select Capital Corp
Price
$9.230
Owned
Unknown
DON'T BUY
DON'T BUY
April 7, 2006
Three main retirement REITs that he owns are Sunrise Senior Living (SZR.UN-T), Chartwell Seniors Housing (CSH.UN-T) and Retirement Residences (RRR.UN-T). Chartwell would be his top pick. This one is going through a takeover process. Has underperformed.
Three main retirement REITs that he owns are Sunrise Senior Living (SZR.UN-T), Chartwell Seniors Housing (CSH.UN-T) and Retirement Residences (RRR.UN-T). Chartwell would be his top pick. This one is going through a takeover process. Has underperformed.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$9.990
Owned
Yes
COMMENT
COMMENT
April 4, 2006
Basically nursing and retirement homes. They have an occupancy rate of about 82% in Ontario. Their debt to asset ratio is around 75% which is getting problematic.
Basically nursing and retirement homes. They have an occupancy rate of about 82% in Ontario. Their debt to asset ratio is around 75% which is getting problematic.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$9.870
Owned
Unknown
DON'T BUY
DON'T BUY
March 31, 2006
Long term nursing care. They are basically putting themselves up for sale. There are some capital expansion issues.
Long term nursing care. They are basically putting themselves up for sale. There are some capital expansion issues.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$9.500
Owned
No
PAST TOP PICK
PAST TOP PICK
March 23, 2006
(A Top Pick Dec 7/05. Up 5%.) Actually hit more than $10 and then pulled back. Still likes it and their properties and feels their distribution is sustainable.
(A Top Pick Dec 7/05. Up 5%.) Actually hit more than $10 and then pulled back. Still likes it and their properties and feels their distribution is sustainable.
Michael Sprung
President, Sprung Investment Management
Price
$9.440
Owned
Yes
BUY
BUY
March 11, 2006
Retirement Residence REIT earnings have not been great. The whole market is pricey. RRR is gradually improving and they are buying other assets. They have capital. They are developing some new retirement homes. Buyer beware again but believes they will do well and are showing lots of life. Buying in the 8's.
Retirement Residence REIT earnings have not been great. The whole market is pricey. RRR is gradually improving and they are buying other assets. They have capital. They are developing some new retirement homes. Buyer beware again but believes they will do well and are showing lots of life. Buying in the 8's.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$9.570
Owned
Yes
HOLD
HOLD
February 10, 2006
Possible takeover target. Feels the value is about $10.50 a share. At the high end, it may be $10.75. If it gets near $10.50, sell it.
Possible takeover target. Feels the value is about $10.50 a share. At the high end, it may be $10.75. If it gets near $10.50, sell it.
Ravi Sood
President and Chief Operating Officer, Lawrence Asset Management
Price
$9.800
Owned
Yes
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