Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Andrew Moffs commented about whether VESTA-BMV, BEI.UN-T, HOM.UN-T, SGR.UN-T, EQIX-Q, PLD-N, TNT.UN-T, COLD-N, D.UN-T, IRES-IR, HOM.UN-T, TCN-T, TCN-T, HR.UN-T, SRU.UN-T, DIR.UN-T, AX.UN-T, WIR.UN-T, AP.UN-T, MRC-T are stocks to buy or sell.
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BUY
Industrial focused REIT which he likes due to secular changes post-pandemic involving re-shoring and on-shoring - getting goods as close to the end user as possible. The portfolio is in the EU, US and Canada and is one of the best ways to play Europe. It has a wide discount to net asset value and a nice yield. It remains a buy for him.
REAL ESTATE
DON'T BUY
They have a corridor of office space in downtown Toronto, more of a boutique style of building. It was hoped they would garner above-market rents and have started to roll this out to market, but the issue is that it is a more difficult market. We have not seen a lot of leasing yet. We have to believe there will be a net reduction in office space demand after the pandemic. He is not looking to invest in it right now.
property mngmnt
investment
BUY ON WEAKNESS
Cold Storage in the US. A leader. An integral part of the food chain. He thinks this is a great business. They have had a lot of difficulty recently on the expense side. Many of the suppliers are running through the safety stock and not replenishing supplies. This is a very labour-intestive business. We are getting very close to the bottom and he thinks it is probably a good buying opportunity.
REAL ESTATE
BUY
PLD-N vs. EQIX-Q. PLD is the largest operator of industrial warehouse space globally. It is a fantastic company. It has benefitted so much from everyone going online and buying goods. EQIX-Q is focused on data center space. A great operator. The largest in its space. He prefers industrial space over data center space. The supply side is the big question and there is little supply of industrial space but there is lots of data center space. He prefers PLD-N.
investment companies
funds
DON'T BUY
PLD-N vs. EQIX-Q. PLD is the largest operator of industrial warehouse space globally. It is a fantastic company. It has benefitted so much from everyone going online and buying goods. EQIX-Q is focused on data center space. A great operator. The largest in its space. He prefers industrial space over data center space. The supply side is the big question and there is little supply of industrial space but there is lots of data center space. He prefers PLD-N.
REAL ESTATE
TOP PICK
A value name in the multi-family space for some time. Higher energy prices don't hurt a REIT with a lot of presence in Calgary and Edmonton. He is focused on demand and supply. What has plagued them is concessions, which are going away in Calgary. This puts it at worth north of $50. Shorts are going to have to cover. The set-up is pretty good. (Analysts’ price target is $53.92)
property mngmnt
investment
