PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures T.PRV.DB

OVERWEIGHT

[garyreins]

Somehow this became one of my biggest holdings as I couldn stop buying the 9-10% yield.  looking to make a small sell order at $6...then in 50 cent increments up to $7 before having a balance more inline with my other reits.

[canadian]

Not trimming until it hits 7$. If BoC interest rates fall to 2%, I may not trim until 8$

[TVLtoWIn2]

PRV is also our largest holding for exactly the same reason as Garyreins..We will start reducing in the $6.50 range and will hold at slighly over balanced once we hit $7.50.  Looking for any advice on comparables. I will do my due diligence but having somewhere to start my search would be helpful. PM me if you have any advice to asist in our diversification..  With PRV I know a number of

[garyreins]

Im confident it wil be $6.50-$7.00 soon and maybe higher or a takeout....just gotta prepare for those macro blackswan events and delever a bit

[canadian]

Even at 7$, this stock is very undervalued considering the dividend yield would be almost 6.5% (100% Return of Capital distribution) at 7$ share price and payout ratio is expected to be around 70% as rent increases by 40% and Boc interest rates expected to cut to between 2 and 2.5%.

[garyreins]

Yah but inflation can go up and this goes back to 4.75

[canadian]

No way inflation  will go up as it is compared to last year. Also immigration is falling. International students are already down by 45%. Oil prices are down. As PP will win next elections, he will remove carbon tax and inflation will even fall further.  https://www.bnnbloomberg.ca/video/shows/trading-day/2024/09/13/bank-of-canadas-rate-path-forward/ Interest rates are expected to fall