Recent Buy: Canadian Apartment REIT

 

 
    Beginning of November, 2017 I bought an additional 72 shares of CAP REIT at $34.6.
With its monthly distribution of $0.10667 per share, I will receive $7.68 more per month, $92.16 per year. With my prior shares my total position in CAP REIT is now 110 shares, with a monthly distribution of $11.7 and $140.80 annually.

    My rationale for the purchase is that while CAP REIT has a lower than average dividend yield for a REIT at around 4% at the time of purchase, they have proven to have a good track record for increase it as they increase their rental property rates. The REIT is also consistently working on bringing additional apartment and townhouse complexes online, as well as expanding into the Netherlands.

    I like to think of them as my pseudo, slowly growing 'rental property'.  :)

Description of Canadian Apartment REIT

"Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is a Canada-based open-ended real estate investment trust. CAPREIT's investment objectives are to provide unitholders with long-term, monthly cash distributions; grow normalized funds from operations (NFFO), distributions and Unit value through the management of its properties, acquisitions and financial management, and reinvest capital within the property portfolio. CAPREIT owns and operates a portfolio of multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (MHC) located in and near urban centers in Canada. CAPREIT owns interests in approximately 46,790 residential units, consisting of over 40,501 residential suites and approximately 30 MHC's, consisting of approximately 6,290 land lease sites. CAPREIT owns leasehold interests in approximately 15 properties located in the Greater Toronto Area. The leases mature between 2033 and 2037."

Recent Buy! Pizza Pizza

    A recent stock purchase of mine, I added to my previous 140 shares of Pizza Pizza Royalty Corp with an additional 115 shares. At the time of purchase the shares were trading at $15.82, and as of writing on August 28th, 2017 at $16.36. (yay) The stock pays a consistently growing monthly dividend of $0.0713, which was a dividend yield of about 5.4% at the time of purchase. And adds $8.2 monthly and $98.4 annually. I am definitely happy to be getting a slice of that pizza pie!

Recent Buy: Canadian Apartment REIT

  
    A recent purchase of mine this year, and a new position added to my portfolio is Canadian Apartment (CAP) REIT, which goes by the Toronto Stock Exchange ticker CAR.UN. This is now my third REIT position that I hold and rounds out that trio nicely. My other two REIT's are Dream Office REIT, which focuses on large office buildings and commercial spaces, RIOCAN REIT which operates retail spaces, plazas and malls and now CAP REIT which covers residential properties, apartment buildings and manufactured home communities.

Recent(ish) Buy: Algonquin Power & Utilities

    In November I  made a small stock purchase, adding to an existing position in my portfolio. Using a market limit order, I bought 56 shares of Algonquin Power & Utilities (AQN) at the price of $10.94 per share. I continue to hold, buy and build up my position in this company as it has proven to continue to grow its operations, revenue and dividend over the past few years.

Recent Buy! June 2016

    I recently took advantage of the Brexit situation, where the people of the United Kingdom voted on a referendum to completely leave the European Union, with a winning vote of 52%. (BBC) So when North American markets opened on June 24th, they followed the trend of every other major stock market and plummeted. Global markets fell roughly around 3%, and wiped out a whooping 2 trillion  in wealth around the world!

Recent Buy! April 2016

    Following up on my Watchlist post, I went ahead and added to my position in Algonquin Power and Utilities (AQN). I have held shares in this company since first starting my portfolio, by year end it will be 3 years! I still consider this stock as a long-term hold, and is the largest single holding in my portfolio, with a weighting of 14.87%. Which is from adding more shares and the stocks steady appreciation in value over time.

Recent Buy & Sell! April 2016

    There had been a bit of volatility in the markets a couple of weeks ago. In particular with my holding of Veresen (VSN). In a single day it jumped up from $8.87 a share to $9.51, roughly 8%! So I took the opportunity to sell a portion of my shares. I sold 71 shares at $9.42, which lowered my monthly dividend income by $5.91, and $70.97 annually.

Belated Recent Buy! From February 2016

    This post has been put off for quite awhile! Sometimes it is hard to believe just how fast time is able to fly by us. I made this purchase at the end of February on the 29th, a happy leap year buy! This buy in particular was on the smaller side of my trades and a good portion of the capital was from accumulated dividends since I had not made any purchases in quite some time.

    At the time all three of my larger bank positions were down (TD, BNS, RY) quite a bit and I decided to take advantage of it. I choose TD Canada Trust primarily for two reasons: One being their growing presence in the United States, and secondly to balance out those banks positions within my portfolio.

Recent Buy! February 2016

     This Tuesday I had the day off, and so I had the opportunity to take a closer look at my portfolio, as well as my watchlist. After the TSX had such a rough day on Monday, falling 1.8%, I was looking forward to buying! To my relative delight, when I logged in at 10am the TSX was down another almost 2%! While it always hurts to see ones portfolio value decrease by so much in so little time, it is great to see when looking to buy.

Recent Buy(2)! January 2016

      Just recently I posted about my first buy of 2016, where I bought 46 shares of ManuLife Financial (MFC). So I had bought 46 shares of MFC at $20.24 during the first week of January. The stock boasted a 3.36% dividend yield, which means an additional $7.82 per quarter and $31.28 in annual dividend income. I had also lowered my average cost basis for this position from $20.38 from my first purchase to $20.31, and my MFC share count rose to 88. Then, markets decided to give just about every company a 3-8% 'discount' and I was fortunate enough to have some more spare capital to deploy along with some dividends so I once again bought more MFC last week.

Recent Buy! January 2016

    So far 2016 has been a rough couple weeks for stock markets and so I used my first buy of 2016 to build up my newest position in Manulife Financial. MFC was also one of the stocks that I was watching closely with my last Watchlist.As mentioned in my Watchlist post, I generally consider MFC to be at an attractive price when it is priced at under $21. Generally the stock will fluctuate between the $20-24 range.

Recent Buy! November 2015

    This post is actually a fair bit late, as I had made this purchase on November 12th. I have just been rather busy lately, in part to my new job! So that had me pretty busy and tired by the end of the day. I had also meant to not make any buys till I put together and posted a Watchlist. However, I thought I saw a good opportunity and I went for it. 

Recent Buy! October 2015

    In the past couple of weeks I have been fortunate enough to build up enough cash to do one of my more favourite activities, purchasing more shares of dividend paying companies! Now, I had the money in my account for a couple of weeks, waiting to see how the markets settled with all the recent volatility. Well, last week I pulled the trigger and put that capital to work with a new position in my portfolio!

Recent Buy! August 2015

    Putting money to work is an activity which I greatly enough, and its right up there with sharing those purchases here. On August 7th I closed my position in my BMO ETF, ZDV. Using some of those proceeds and accumulated dividends I added to my current holdings in Veresen (VSN).

    Veresen operates within three primary categories: midstream operations, pipelines and power generation. The stock is down 23.93% in the past three months, and on Friday dropped roughly another 4.8%. Mainly due to the unexpected forced shutdown of the Alliance pipeline, which Veresen shares a stake in with Enbridge.The issue appeared to be largely out of Alliance Pipeline's control, as the problem occurred by an upstream operator with the detection of Hydrogen Sulphide. On August 13th operations have started, and are running smoothly.

Recent Buy! July 2015

    Pulled the trigger today and put some money to work! The TSX and broader global markets have taken a bit of a beating recently as fears of the possibility of Greece's default and unprecedented exit from the European Union(EU) loams ever closer. At first it appeared that Greece was going to miss its loan repayment to the International Monetary Fund(IMF) if Greece refused to negotiate/cede to the European Central Bank (ECB) terms. With that fear, markets took a nosedive. Then there was hope that a last minute deal over the weekend would provide Greece with its much needed funds; which did not end up happening as their Prime Minister Alexis Tsipras turned down the terms. With that, as some may remember global markets fell roughly 2-3% from just about all sectors. Since then, Mr. Alexis has pretty much given into most of the terms put forth on him, but nothing is signed as of yet (to my knowledge).

Recent Buy! May 2015 (2)

    Drawing off of my last Watchlist I went ahead and purchased an additional 34 shares of Dream Office REIT (D.UN). I bought the shares a few days ago at a price of $26.05, which at the time had a dividend yield of 8.56% and brought the average cost of my position down to $27.56. Now, unfortunately the price of Dream shares has gone down even further to $25. So had I held off on my purchase I could have bought an additional share had I waited, but then again you can never truly know which way the market was going to go.

Recent Buy! May 2015

    Found myself with some extra cash floating about since I received my tax refund this month, the benefit of not earning a lot eh? So with my tax return I put it to work right away and threw in some additional earned cash with it, as well as allocating some of my record breaking dividends from last month as well. And since I knew my return was coming I have been following a few stocks in particular, but didn't have the time to post a watchlist as I saw a good opportunity to buy. So I put that money to work by purchasing additional shares in the monthly paying Pembina Pipeling Corp. (PPL).

    Recently PPL has taken a bit of a minor beating in its share price, down 1.92% in the past month. Even though they recently declared a 5.2% increase in their dividend.  With a 52 week low of $36.16, and high of $53.04 it is a bit on the lower end of the midpoint of those valuations. I picked up my recent 47 shares at $41.13, which has lowered my average cost basis from my previous buy of PPL at $41.73 to a total share count of 70 at $41.33.

    With these additional 47 shares working for me, I now receive $7.17 more per month and $86 per year. Which roughly works out to a yield of 4.4%, which to me is pretty solid. And as with its recent dividend increase, PPL has a consistent record of increasing its dividend and has a good record of increasing its share value over time by consistently growing its business.

    Overall I have been quite happy with my holding of PPL and am very happy to now be holding more of this great company. In one my portfolio simulation accounts its grown in the lower double digits while paying out a great dividend. Combined with my prior holdings I now expect a healthy monthly payout of $10.68 to contribute to my passive income stream. I am also expecting to make another addition some time later this month, and will definitely make a list of what I am watching and hoping to add to my portfolio. As well as a couple stocks that I will be considering as potential buys if I were to have a non-registered account or a US stock for an RRSP contribution.

Recent Buy: Last Buys of March

    Before and after I went away on vacation I deployed a fair sum of capital that become available to me. Having already posted my recent buys that month of AQN and RY, there is still the additional shares of Bank of Nova Scotia (BNS), BCE inc (BCE) and Pizza Pizza (PZA) to my portfolio that month. It was a very busy month of portfolio building, which is reflected quite clearly in my last Portfolio Update, with a 103% increase in value!
    Leading up to these buys required quite a bit of time going over each companies available financial information, news releases and comparing the cost and benefits of each relative to each other. As well as comparing the portfolio weighting of each of the companies that were on my watchlist, as well as the impact of adding different amounts of each would have on my overall sector weightings as well.

Portfolio Update: April 6th

    I have been making quite a few purchases of late and realized that its been quite some time since I last posted a portfolio update post, the last one being at the end of January, woops! So here is the status of my portfolio as of April 6th. 

Recent Buy! March(2) 2015

    Whooo! Just got back from vacation in the last couple days, so if I'v been a bit quiet on this Blog, Twitter and reading/commenting on other blogs which you can find on my Blogroll Page. So, to kicking off coming back I deployed some more cash with another buy this month! As with my previous one, it is also from my last Watchlist.