Liberty Global Schedules Investor Calls for First Quarter 2017 Results
Ventas ’ spin-off of skilled nursing facilities and Ardent acquisition add value for shareholders.
Long in the tooth, the current real estate cycle keeps going.
Although we think Ventas overpaid for its most recent acquisitions, this doesn't affect our valuation.
We prefer REITs with reasonable leverage, moaty assets, demonstrated historical success across economic cycles, identifiable growth drivers, and reasonable margins of safety.
Interest-rate fears bring utility and real estate valuations in line, but the broader market still looks fully valued.
We recently upgraded a few banks and enterprise software firms to wide moat status, and raised our fair value estimates on health-care REITs.
We prefer the yield, stability, and growth prospects of the triple-net structure over RIDEA.
Our favorites can do well even with potentially higher interest rates.
Trying to time interest-rate increases is less important than choosing companies with a good margin of safety that you can hold through thick and thin, says Morningstar's Josh Peters.