Wednesday, November 26, 2014

Recent buy: HCP

I have added 17 shares of HCP into my Roth IRA to increase my REIT position and to diversify my REITs. I plan to mainly have REITs in my Roth IRA due to tax issues.

I used to have only one REIT holding: O (Realty Income). FAST GRAPHS indicates that shares of HCP are a wee bit above the 15 year PE average. HCP is a steady dividend aristocrat that has paid dividends for 29 years. They have a investment grade BBB+ credit rating.

This will add around $37 of annual income to my portfolio.

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