The Motley Fool Discussion Boards

Previous Page

Industry Discussions / Real Estate Inv. Trusts: REITs


Subject:  LXPPRC Date:  1/30/2015  1:56 PM
Author:  martinmoth Number:  77887 of 87094

The LXP convertible preferred stock-LXPPRC- is one of my core holdings for long term income. Compared to other triple net lease preferred stocks excluding ARCP it has a more attractive yield of 6.66% as of this morning. LXP itself is one of Brad Thomas's recommended stocks on seeking alpha. Fidelity is one of the largest holders of LXP while Cohen and Steers has a much smaller position in LXPPRC.

In my opinion LXPPRC is one of the brightest stars among the slim pickings among REIT preferred stocks with a yield to call better than 6.5%.

I was therefore surprised that Fidelity Investments has blocked online trading of LXPPRC, but not LXP Common stock. I was eventually able to buy LXPPRC through Fidelity over the phone.

Is anyone aware of any reason that LXPPRC would not be an attractive investment for REIT preferred investors at the present time?

Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us