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Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Experts have mixed opinions on BMO S&P/TSX Laddered Preferred. One expert recommends covering the position due to a net investment loss, while the other two reiterate it as a top pick, highlighting its potential upside with interest rates stalling and an attractive yield. All experts agree on using a stop loss at $8.40. Overall, the stock is seen as having potential, but with a need for caution due to its recent performance.

Consensus
Mixed
Valuation
Fair Value
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jul 25/23, Down 5.4%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with ZPR has triggered its stop at $8.40.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment loss of 9%, when combined with our previous recommendations.  

E.T.F.'s
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O’Reilly
We again reiterate this Canadian preferred share ETF as a TOP PICK.  Preferred shares have generally been under pressure as interest rates have gone up.  As interest rates stall and eventually turn lower to long term averages, this has significant upside potential.  It has a low MER of 0.5% and an attractive yield. We continue to recommend a stop at $8.40, looking to achieve $10.75 – upside potential of 19%.  Yield 6.0%


E.T.F.'s
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate this Canadian preferred share ETF as a TOP PICK.  Preferred shares have generally been under pressure as interest rates have gone up, so this is a good entry point.  It has a low MER of 0.5% and an attractive yield. We continue to recommend a stop loss at $8.40, looking to achieve $10.75 – upside potential of 19%.  Yield 6.0%

E.T.F.'s
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O’Reilly A Canadian preferred share ETF that is laddered up to five years managed by BMO. This includes rate resets that benefit from rising interest rates. It has a low MER of 0.5% and an attractive yield. Preferred shares have generally been under pressure as interest rates have gone up, so this is a good entry point. We recommend setting a stop loss at $8.40, looking to achieve $10.75 – upside potential of 13%.
E.T.F.'s
BUY
Has short duration preferred shares. Also has rate reset features. If you think we will see rising rates, which is a good assumption, then they will ratchet their rates up to keep up with rising interest rates. These are not government bonds, and there is some risk. However, with 4% dividend rates, there is an attraction there. If rates rise, it does participate and offset some inflation.
E.T.F.'s
DON'T BUY
Pays a 4+% dividend. Preferreds are susceptible to changing in interest rates. This is a rate-reset, so even if interest rates rise, ZPR can reset its payout. Generally, he doesn't like preferreds, and would rather buy covered calls which pays a slightly higher return.
E.T.F.'s
SELL ON STRENGTH
Doesn't see a whole lot of upside from here. Has had a good run and has been selling into the run. The next big move from the BoC will be a rate hike than a cut. With 5 year rates still low, the reset market is not a big challenge.
E.T.F.'s
COMMENT
The ETFs are better to go because of diversification. There is a little more upside but not a whole lot more. There will not be increases in interest rates any time soon. Rates shouldn't go much lower either. The rates should remain stable.
E.T.F.'s
COMMENT
We have recovered from a market perspective so it is natural that the ETF moves. Interest does not move as much and he believes the 5 years is anchored. He would not expect a big change in distributions for the time being. You will see some stability and creeping back.
E.T.F.'s
DON'T BUY
It is a rate reset ETF of preferred shares. As interest rates have fallen to probably the lowest level, the yields are pretty good. He would prefer to sell calls against the banks, collecting the dividend along the way. He is not a fan of preferreds.
E.T.F.'s
COMMENT
Preferred shares? This is indicative of high yield investments that act as equity when the market is under duress. ZPR is an example that is down 35% for the year. The global bailouts amount to $12 trillion and this is driving interest rates down to zero. Rate resets that use these long term rates to set the dividend will cause them to fall in value.
E.T.F.'s
COMMENT
A lot of the preferreds have moved to reset preferreds. Preferreds are not as defensive as they were historically. They are not as low risk as people traditionally think.
E.T.F.'s
COMMENT
Many people are looking for income. This pays a 6% yield. (See his top picks later.)
E.T.F.'s
COMMENT
Good ETF. Interest rates going down affects it as many of the underlying are rate resets. He doesn't like preferreds that much in the sense that you get return of a bond with a risk of stocks. He prefers capital growth.
E.T.F.'s
HOLD
He likes this and ZPR-T, but in general is not a big fan of preferred shares as he feels they have the yield of bonds and the risk of stocks. He holds it as a partial position, but does not view it as a good place to park cash. The yield on HPR-T is over 4%.
E.T.F.'s
Showing 1 to 15 of 70 entries

BMO S&P/TSX Laddered Preferred(ZPR-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for BMO S&P/TSX Laddered Preferred is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

BMO S&P/TSX Laddered Preferred(ZPR-T) Frequently Asked Questions

What is BMO S&P/TSX Laddered Preferred stock symbol?

BMO S&P/TSX Laddered Preferred is a Canadian stock, trading under the symbol ZPR-T on the Toronto Stock Exchange (ZPR-CT). It is usually referred to as TSX:ZPR or ZPR-T

Is BMO S&P/TSX Laddered Preferred a buy or a sell?

In the last year, 1 stock analyst published opinions about ZPR-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BMO S&P/TSX Laddered Preferred.

Is BMO S&P/TSX Laddered Preferred a good investment or a top pick?

BMO S&P/TSX Laddered Preferred was recommended as a Top Pick by on . Read the latest stock experts ratings for BMO S&P/TSX Laddered Preferred.

Why is BMO S&P/TSX Laddered Preferred stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is BMO S&P/TSX Laddered Preferred worth watching?

1 stock analyst on Stockchase covered BMO S&P/TSX Laddered Preferred In the last year. It is a trending stock that is worth watching.

What is BMO S&P/TSX Laddered Preferred stock price?

On 2024-02-28, BMO S&P/TSX Laddered Preferred (ZPR-T) stock closed at a price of $9.52.