Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
July 9, 2014

Similar to Tricon, but more diversified. AMH-T is focused on buying single family homes and renting them. 20-25 different cities and are a strong operator. They have to maintain and lease single family homes all over the city. Believes they will be a consolidator as home prices have appreciated in the US. There is an opportunity to build a business based on this through acquisition. The industry is fragmented, but can consolidate over time.

Similar to Tricon, but more diversified. AMH-T is focused on buying single family homes and renting them. 20-25 different cities and are a strong operator. They have to maintain and lease single family homes all over the city. Believes they will be a consolidator as home prices have appreciated in the US. There is an opportunity to build a business based on this through acquisition. The industry is fragmented, but can consolidate over time.

Michael Missaghie
VP & Sr. Portfolio Manager, Sentry Investments
Price
$18.170
Owned
Unknown
BUY
BUY
July 9, 2014

Diversified REIT that invests in office, industrial and retail. Management team is focused on reducing leverage and payout ratio. 50% leverage right now. Going forward the key is to make sure they have a laddered maturity profile for their debt. They should be just fine.

Diversified REIT that invests in office, industrial and retail. Management team is focused on reducing leverage and payout ratio. 50% leverage right now. Going forward the key is to make sure they have a laddered maturity profile for their debt. They should be just fine.

Michael Missaghie
VP & Sr. Portfolio Manager, Sentry Investments
Price
$15.460
Owned
Unknown
BUY
BUY
July 9, 2014

Owner/operator/ developer of apartments. One of the keys for them is to drive rental growth and manage operating costs. The high price of gas in the Atlantic provinces has been their problem and how it hit operating expenses. Trading at a substantial discount to their NAV. People are worried that a ship building contract through the government will not be as beneficial to KMP as previously thought.

Owner/operator/ developer of apartments. One of the keys for them is to drive rental growth and manage operating costs. The high price of gas in the Atlantic provinces has been their problem and how it hit operating expenses. Trading at a substantial discount to their NAV. People are worried that a ship building contract through the government will not be as beneficial to KMP as previously thought.

Michael Missaghie
VP & Sr. Portfolio Manager, Sentry Investments
Price
$10.340
Owned
Unknown
HOLD
HOLD
July 9, 2014

Owned for some time. Announced they were going into home building. Is an asset management company turning into a play on US housing and recovery. He reduced his position because he feels returns will slow. A solid management team that are well aligned.

Owned for some time. Announced they were going into home building. Is an asset management company turning into a play on US housing and recovery. He reduced his position because he feels returns will slow. A solid management team that are well aligned.

Michael Missaghie
VP & Sr. Portfolio Manager, Sentry Investments
Price
$7.680
Owned
Yes
WEAK BUY
WEAK BUY
July 9, 2014

Done a very good job and focused on balance sheet and payout ratio, reducing it to 80% last year. You may not see a distribution increase this year as they use cash on the balance sheet for growth. They have projects on the go that will contribute to free cash flow. Anyone owning seniors residences could be in play as a result of changes in the US.

Done a very good job and focused on balance sheet and payout ratio, reducing it to 80% last year. You may not see a distribution increase this year as they use cash on the balance sheet for growth. They have projects on the go that will contribute to free cash flow. Anyone owning seniors residences could be in play as a result of changes in the US.

Michael Missaghie
VP & Sr. Portfolio Manager, Sentry Investments
Price
$10.610
Owned
Unknown
BUY
BUY
July 9, 2014

Retail REIT and majority of assets are leased to Wal-Mart. Saw 5% funds from operations growth last quarter.

Retail REIT and majority of assets are leased to Wal-Mart. Saw 5% funds from operations growth last quarter.

Michael Missaghie
VP & Sr. Portfolio Manager, Sentry Investments
Price
$13.260
Owned
Yes
BUY
BUY
July 9, 2014

Owns and operates high quality retirement properties in Canada. It has not done well. There was some development land that was to be sold and add liquidity to the company, but that did not happen. He has confidence in the management.

Owns and operates high quality retirement properties in Canada. It has not done well. There was some development land that was to be sold and add liquidity to the company, but that did not happen. He has confidence in the management.

Michael Missaghie
VP & Sr. Portfolio Manager, Sentry Investments
Price
$7.250
Owned
Yes