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As all three major U.S. indices were trading up on Friday, I wanted to examine four REITs that should serve to enhance any income-based portfolio. The four I've chosen all have P/E ratios under 13.5 and yields over 13%.

American Capital Agency Corp. (AGNC): Shares of AGNC traded up roughly 0.6% at the close of Friday's trading session, making the stock very attractive at these levels. Currently trading in a 52-week range of $22.03/share to $33.95/share, AGNC yields 15.5% and carries a P/E ratio of 4.87, making it attractive at these levels. On Wednesday, the Federal Reserve took steps to flatten out the yield curve which adversely affected many of the mREITs, and as a result made the sector a bit more risky since many of the sectors components rely heavily on the yield curve. That being said, I think AGNC presents potential investors with a great opportunity to establish a position especially at the $32.53/share level. If the stock drops to $31.50/share or lower I would then begin to establish a medium-sized position, and any drop below $29.75/share should allow investors the ability to establish a much larger position.

Cyprus Sharpridge Investments (CYS): Shares of CYS traded up roughly 0.75% at the close of Friday's trading session, making the stock very attractive at these levels. Currently trading in a 52-week range of $10.52/share to $14.28/share, CYS yields 14.8% and carries a P/E ratio of 10.43, making it very attractive at these levels. On Friday, the Maxim Group initiated coverage on CYS with a BUY rating. That being said, I think CYS presents potential investors with a great opportunity to establish a position especially at the $13.60/share level. If the stock drops to $13.20/share or lower I would then begin to establish a medium-sized position, and any drop below $12.75/share should allow investors the ability to establish a much larger position.

Resource Capital Corp. (RSO): Shares of RSO traded up roughly 1.1% at the close of Friday's trading session, making the stock very attractive at these levels. Currently trading in a 52-week range of $4.20/share to $6.62/share, RSO yields 14.6% and carries a P/E ratio of 10.8, making it very inexpensive at these levels. On June 13th, the company announced the issuance of preferred stock yielding 8.5%, which began trading on June 15th. That being said, I think RSO presents potential investors with a great opportunity to establish a position especially at the $5.50/share level. If the stock drops to $5.00/share or lower I would then begin to establish a medium-sized position, and any drop below $4.40/share should allow investors the ability to establish a much larger position.

Newcastle Investment Corp. (NCT): Shares of NCT traded up roughly 1.6% at the close of Friday's trading session, making the stock very attractive at these levels. Currently trading in a 52-week range of $3.56/share to $7.31/share, NCT yields 13% and carries a P/E ratio of 2.66, making it very affordable at these levels. On Wednesday, the Federal Reserve took steps to flatten out the yield curve which adversely affected many of the mREITs, and as a result made the sector a bit more risky since many of the sectors components rely heavily on the yield curve. That being said, I think NCT presents potential investors with a great opportunity to establish a position especially at the $6.25/share level. If the stock drops to $6.00/share or lower I would then begin to establish a medium-sized position, and any drop below $5.40/share should allow investors the ability to establish a much larger position.

Source: 4 REITs With 13% Yields I'm Considering A Position In Over The Next Week