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This week’s new 52-week highs… (Dec 05-11)

Melisa R. H.Melisa R. H. Posted On December 12, 2018
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52-Weeks Highs and Lows

This post lists the Canadian stocks on Stockchase hitting their 52-week low. If you are looking for the 52-week highs you can find it here.

This post lists the Canadian stocks on Stockchase hitting their 52-week high. If you are looking for the 52-week lows you can find it here.

This week we note a nice rebound from the Metro Inc. (MRU) stock. It’s jumping at its 52-week high just 2 months after hitting its 52-week low.

Here’s this week’s new 52-week highs stock list …

🏛 Financials

Allied Properties REIT (AP.UN-T) TSE

Allied Properties REIT (AP.UN-T) — Stockchase
Allied Properties REIT (AP.UN-T) — Stockchase

Stockchase Research Editor: Michael O'Reilly AP.UN is a REIT that manages office space primarily in Toronto and Montreal. As vaccines are rolling out, we expect the worst is now over for this space, signaling a time to re-enter. It trades at less than 7x earnings and pays a good dividend backed by a 29% payout…

stockchase.com stockchase.com

H&R Real Estate Inv Trust (HR.UN-T) TSE

H&R Real Estate Inv Trust (HR.UN-T) — Stockchase
H&R Real Estate Inv Trust (HR.UN-T) — Stockchase

He doesn't own REITs now, especially in offices and retail. How long will it take for their occupancy to return? In REITs, you pay around 90% earnings so there's little wiggle room for error. He'd rather buy retirement homes like Chartwell and Sienna, which offer better growth.

stockchase.com stockchase.com

InterRent REIT (IIP.UN-T) TSE

InterRent REIT (IIP.UN-T) — Stockchase
InterRent REIT (IIP.UN-T) — Stockchase

Likes it. Stock's performed really well. Q3 results strong. Trading at a 5% discount to NAV. Still upside. Primarily in GTA, Hamilton, Ottawa, Montreal. Buy underperformers and renovate them to the advantage of shareholders. Strong recurring free cashflow, growing distribution. Yield is 2.3%.

stockchase.com stockchase.com

Killam Properties Inc (KMP.UN-T) TSE

Killam Properties Inc (KMP.UN-T) — Stockchase
Killam Properties Inc (KMP.UN-T) — Stockchase

Killam vs. Crombie REITs Killam holds apartments, an asset class he really likes among REITs. Rent-collection rates are really high for Killam, so no worries about that. All these REITs trade at a 10-15% discount to NAV. Funding costs will drop 1%, because they get funding from CMHC. A hiccup comes from mobile homes which…

stockchase.com stockchase.com

Morguard North American REIT (MRG.UN-T) TSE

Morguard North American REIT (MRG.UN-T) — Stockchase
Morguard North American REIT (MRG.UN-T) — Stockchase

A hold. A value name in apartments in Canada and the U.S. He's impressed with how stable their Toronto portfolio is, holding occupancy quite well. MGR is in the US sunbelt and Chicago. MRG is higher-leveraged. He's seeking REITs that are defensive. He doesn't see as much growth here vs. the REITs he already owns.…

stockchase.com stockchase.com

Smart REIT (SRU.UN-T) TSE

Smart REIT (SRU.UN-T) — Stockchase
Smart REIT (SRU.UN-T) — Stockchase

Focus on Walmart and adjacent retail. Likes Walmart, but the adjacent retail faces headwinds. Management team says better growth in residential than in retail. She'd take this cue and invest in companies that already have residential exposure. Talk of distribution cut.

stockchase.com stockchase.com

💡 Utilities

Algonquin Power & Utilities Corp (AQN-T) TSE

Algonquin Power & Utilities Corp (AQN-T) — Stockchase
Algonquin Power & Utilities Corp (AQN-T) — Stockchase

She likes it. It is a combination of regulated electric and water utility as well as renewable. The renewable portion is growing and this is a good thing. They pay an attractive dividend. They re-affirmed in September that the dividend will be increased this year but she feels it will continue to grow even if…

stockchase.com stockchase.com

Pattern Energy Group (PEGI-T) TSE

Pattern Energy Group (PEGI-T) — Stockchase
Pattern Energy Group (PEGI-T) — Stockchase

A good dividend play. The yield is at 4.6%. People tend to focus on the tech side of green stocks, but this has utilities that have consistent income. They are a potential takeover target for Brookfield so the price has recently shot up. Could get decent returns.

stockchase.com stockchase.com

🛢 Basic Materials

Kirkland Lake Gold (KL-T) TSE

Kirkland Lake Gold (KL-T) — Stockchase
Kirkland Lake Gold (KL-T) — Stockchase

Gold is not a big focus for him. Asset is pretty good. Company is solid. This isn't the seasonal period for gold. Bitcoin is stealing lustre from the gold sector. More stimulus could be another leg to the gold trade. No sustained thesis for putting money in.

stockchase.com stockchase.com

🛍 Consumer

Metro Inc (A)(MRU-T) TSE

Metro Inc (A) (MRU-T) — Stockchase
Metro Inc (A) (MRU-T) — Stockchase

MRU-T vs. EMP.A-T. Metro has been his favourite grocery stock for 15 years. Grocery are the stay-at-home stocks but as we exit the pandemic this is not where you want to be. Don’t buy until the rotation is completed.

stockchase.com stockchase.com

💹 ETF

iShares 1-5 yr Ladder Corp Bond ETF (CBO-T) TSE

iShares 1-5 yr Ladder Corp Bond ETF (CBO-T) — Stockchase
iShares 1-5 yr Ladder Corp Bond ETF (CBO-T) — Stockchase

Short vs. long term bonds. Generally as the expectation comes for rate hikes, you want longer term bonds. You don’t want corporate because if the economic slows, you just want government bonds.

stockchase.com stockchase.com

iShares 1-5 yr Government Bond ETF (CLF-T) TSE

iShares 1-5 yr Government Bond ETF (CLF-T) — Stockchase
iShares 1-5 yr Government Bond ETF (CLF-T) — Stockchase

He prefers corporate bonds because they yield more than government bonds. Prices will probably continue to fall. You are getting a bigger yield payment than the yield to maturity on the bonds themselves. CBO-T would be the replacement for this ETF.

stockchase.com stockchase.com

Horizons U.S. Dollar Currency ETF (DLR-T) TSE

Horizons U.S. Dollar Currency ETF (DLR-T) — Stockchase
Horizons U.S. Dollar Currency ETF (DLR-T) — Stockchase

How do DLR and DLR-U work? One bets on the US dollar, and the other bets against it. They're currency plays. He prefers betting on it, the DLR, because the USD is on the upside.

stockchase.com stockchase.com

Purpose High Interest Savings (PSA-T) TSE

Purpose High Interest Savings (PSA-T) — Stockchase
Purpose High Interest Savings (PSA-T) — Stockchase

(A Top Pick Jul 31/19, Up 0.4%) This is a way to lower volatility. A return of 2.15% per year, paid monthly. Hold it during volatility, sell it, and use the return to pick up your cyclicals during periods of seasonal strength.

stockchase.com stockchase.com

Use this list wisely to identify buying opportunities.
Happy trading !

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