TransGlobe Apartment REIT

TGA.UN-T

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

Analysis and Opinions about TGA.UN-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
November 27, 2012

(A Top Pick Dec 5/11. Up 29.52%.) Acquired.

(A Top Pick Dec 5/11. Up 29.52%.) Acquired.

Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$0.000
Owned
No
PAST TOP PICK
PAST TOP PICK
October 29, 2012

(Top Pick Oct 18/11, Up 32.34%)

(Top Pick Oct 18/11, Up 32.34%)

Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$0.000
Owned
No
COMMENT
COMMENT
June 4, 2012
There is a bid to buy the shares at $14.25. Fair value was estimated at $13.25-$15.25. Thinks it unlikely that a higher bid will be made.
There is a bid to buy the shares at $14.25. Fair value was estimated at $13.25-$15.25. Thinks it unlikely that a higher bid will be made.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$14.090
Owned
Yes
COMMENT
COMMENT
April 26, 2012
Going private and whether you should sell at what the stated price is, he hasn’t had a chance to study it.
Going private and whether you should sell at what the stated price is, he hasn’t had a chance to study it.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$14.270
Owned
Unknown
HOLD
HOLD
April 16, 2012
(Market Call Minute.) Have a lot of renovation stuff to do.
(Market Call Minute.) Have a lot of renovation stuff to do.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$11.960
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
April 12, 2012
Most of their apartments are in trouble Ontario with some in Alberta. Payout ratio is about 95%. 6.25% yield.
Most of their apartments are in trouble Ontario with some in Alberta. Payout ratio is about 95%. 6.25% yield.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$11.940
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
February 14, 2012
National apartment landlord trading at around $12 and is worth about $12.50-$13. Good management. If you are comfortable with an 8% all in total return you can find here, but he would wait for a little bit of a pullback.
National apartment landlord trading at around $12 and is worth about $12.50-$13. Good management. If you are comfortable with an 8% all in total return you can find here, but he would wait for a little bit of a pullback.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$11.930
Owned
Yes
TOP PICK
TOP PICK
February 10, 2012
(A Top Pick Feb 4/11. Up 17.53%.) Apartments. Low multiple of 15. Have had some bad publicity about infrastructure stuff. Reasonably high yield.
(A Top Pick Feb 4/11. Up 17.53%.) Apartments. Low multiple of 15. Have had some bad publicity about infrastructure stuff. Reasonably high yield.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$11.920
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 18, 2012
(A Top Pick Feb 2/11. Up 19.81%.)
(A Top Pick Feb 2/11. Up 19.81%.)
Sandy McIntyre
Vice-Chairman and CIO, Sentry Select Capital Corp
Price
$12.480
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 6, 2012
(A Top Pick Oct 18/11. Up 7.79%.)
(A Top Pick Oct 18/11. Up 7.79%.)
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$11.900
Owned
Yes
BUY
BUY
December 21, 2011
Apartments. Have gone through some transition in the last year by internalizing management. Management is competent. Thinks the distribution is sustainable.
Apartments. Have gone through some transition in the last year by internalizing management. Management is competent. Thinks the distribution is sustainable.
Jeffrey F. Olin
President & CEO, Vision Capital Corporation
Price
$11.480
Owned
Unknown
TOP PICK
TOP PICK
December 5, 2011
He is the largest unit holder on this name. Apartments, national portfolio. Did very good job of leasing up apartments they bought that had high vacancy rates.
He is the largest unit holder on this name. Apartments, national portfolio. Did very good job of leasing up apartments they bought that had high vacancy rates.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$11.390
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 16, 2011
(A Top Pick Oct 7/10. Up 15.2%.) Apartments in Toronto and Eastern Canada. Has a higher yield than most.
(A Top Pick Oct 7/10. Up 15.2%.) Apartments in Toronto and Eastern Canada. Has a higher yield than most.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$11.300
Owned
Yes
COMMENT
COMMENT
October 21, 2011
Came out in May/10 and has tripled in size. Some good apartment assets in the Atlantic region. Likes to buy in the $10 area.
Came out in May/10 and has tripled in size. Some good apartment assets in the Atlantic region. Likes to buy in the $10 area.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$11.300
Owned
Yes
TOP PICK
TOP PICK
October 18, 2011
(A Top Pick Oct 7/10. Up 14.17%.) Apartments are very good investments. High yield and payout ratio of below 100%. 6.7% yield.
(A Top Pick Oct 7/10. Up 14.17%.) Apartments are very good investments. High yield and payout ratio of below 100%. 6.7% yield.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$11.270
Owned
Yes
BUY
BUY
September 26, 2011
Have internalized their management, which is a very strong positive. Relatively undervalued.
Have internalized their management, which is a very strong positive. Relatively undervalued.
Jeffrey F. Olin
President & CEO, Vision Capital Corporation
Price
$11.090
Owned
Unknown
TOP PICK
TOP PICK
September 19, 2011
Privately bought a lot of apartments in Eastern Canada and gradually put them into the market. They're now finished. Multiple is only about 13%.
Privately bought a lot of apartments in Eastern Canada and gradually put them into the market. They're now finished. Multiple is only about 13%.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$11.130
Owned
Yes
BUY
BUY
September 7, 2011
Residential apartments. His company owns about 9.5% of this company. Good value at this price.
Residential apartments. His company owns about 9.5% of this company. Good value at this price.
Sandy McIntyre
Vice-Chairman and CIO, Sentry Select Capital Corp
Price
$10.870
Owned
Yes
BUY
BUY
August 23, 2011
Likes it. Just started buying. The apartment sector is somewhat defensive because if the economy goes down, demand for low rent housing increases. 3% increase allowed next year.
Likes it. Just started buying. The apartment sector is somewhat defensive because if the economy goes down, demand for low rent housing increases. 3% increase allowed next year.
Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$10.950
Owned
Unknown
WEAK BUY
WEAK BUY
August 12, 2011
Apartments in Eastern Canada. It’s one you go in and out of. It’s not going to grow. A bit higher yield. At times it is a good value.
Apartments in Eastern Canada. It’s one you go in and out of. It’s not going to grow. A bit higher yield. At times it is a good value.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$10.860
Owned
Yes
BUY
BUY
July 14, 2011
One of the larger apartment owners/managers in Canada. Good management. On an acquisition path, so will be back to the market for stock. This is a good thing.
One of the larger apartment owners/managers in Canada. Good management. On an acquisition path, so will be back to the market for stock. This is a good thing.
Ben Cheng
President and Chief Investment Officer, Aston Hill Financial Ltd.
Price
$11.370
Owned
Yes
BUY
BUY
May 30, 2011
Started with foreign investors coming in and buying a big block of apartments and converted it to a REIT. Good apartment product. A little higher yield than others.
Started with foreign investors coming in and buying a big block of apartments and converted it to a REIT. Good apartment product. A little higher yield than others.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$11.390
Owned
Yes
BUY
BUY
May 30, 2011
TransGlobe (TGA.UN-T) or Pure Industrial (AAR.UN-X)? Pure industrial is the only pure industrial vehicle in Canada. Industrials have been a weak sector but this company does not have the lousy stuff. Been buying at a good level. Reasonable payout ratio. You have to assume industrials are going to get better. Both are good quality at the higher end yield. You’re not wrong with either.
TransGlobe (TGA.UN-T) or Pure Industrial (AAR.UN-X)? Pure industrial is the only pure industrial vehicle in Canada. Industrials have been a weak sector but this company does not have the lousy stuff. Been buying at a good level. Reasonable payout ratio. You have to assume industrials are going to get better. Both are good quality at the higher end yield. You’re not wrong with either.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$11.390
Owned
Unknown
BUY
BUY
March 22, 2011
This is a relatively new one. Apartments. There will be a lot more new issues. They want to add properties. There will always be new issues that will knock the price down a bit. About 8%. Not the same quality as a boardwalk. It’s going to become bigger. It’s fine. It spiked recently because it got put onto an index. People matching the index HAVE to buy it.
This is a relatively new one. Apartments. There will be a lot more new issues. They want to add properties. There will always be new issues that will knock the price down a bit. About 8%. Not the same quality as a boardwalk. It’s going to become bigger. It’s fine. It spiked recently because it got put onto an index. People matching the index HAVE to buy it.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$11.550
Owned
Yes
TOP PICK
TOP PICK
February 4, 2011
Apartments. Got some private money and bought apartments all over the place, some good, some bad and then went public. Did a 2nd issue and it will become a much bigger REIT with apartments. Fairly high yield.
Apartments. Got some private money and bought apartments all over the place, some good, some bad and then went public. Did a 2nd issue and it will become a much bigger REIT with apartments. Fairly high yield.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$10.910
Owned
Yes
TOP PICK
TOP PICK
February 2, 2011
REIT. Apartments largely concentrated in Ontario. Low cost financing. Net operating yield over the cost of buildings is 8% and finance is at sub 4% giving 400 basis point spread, which grows over time as rents go up. Professionally managed so tenants tend to stay.
REIT. Apartments largely concentrated in Ontario. Low cost financing. Net operating yield over the cost of buildings is 8% and finance is at sub 4% giving 400 basis point spread, which grows over time as rents go up. Professionally managed so tenants tend to stay.
Sandy McIntyre
Vice-Chairman and CIO, Sentry Select Capital Corp
Price
$10.850
Owned
Yes
WEAK BUY
WEAK BUY
January 18, 2011
Has mixed feelings. Quality of apartments is not what he would call high. They will experience higher growth. You are going to see slow accretive growth. In the long term, they are not the highest quality properties. There may be some deferred maintenance.
Has mixed feelings. Quality of apartments is not what he would call high. They will experience higher growth. You are going to see slow accretive growth. In the long term, they are not the highest quality properties. There may be some deferred maintenance.
Jeffrey F. Olin
President & CEO, Vision Capital Corporation
Price
$10.610
Owned
Unknown
BUY
BUY
January 7, 2011
Apartment REIT. Will see significant growth over next two years. You will do very well. Will do accretive acquisitions this year.
Apartment REIT. Will see significant growth over next two years. You will do very well. Will do accretive acquisitions this year.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$10.350
Owned
Yes
BUY
BUY
November 17, 2010
7%+ yield. Assets are good – clean, safe, affordable apartments.
7%+ yield. Assets are good – clean, safe, affordable apartments.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$10.620
Owned
Yes
TOP PICK
TOP PICK
October 7, 2010
Apartments are one of the more conservative areas. These people took part of their portfolio and went public and will do a whole bunch more. It will be a dynamic process. Don't necessarily buy now but it's something to look at. 7.1% yield.
Apartments are one of the more conservative areas. These people took part of their portfolio and went public and will do a whole bunch more. It will be a dynamic process. Don't necessarily buy now but it's something to look at. 7.1% yield.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$10.550
Owned
Yes
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