Great way to hold REITs

ISHARES CDN REIT SECTOR INDEX FUND $17.25 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 13 Canadian real estate investment trusts (REITs) in the S&P/TSX Capped REIT Index. The weight of any one REIT is limited to 25% of the ETF’s value.

iShares… Read More

Updating Adobe, Dundee REIT and WestJet

ADOBE SYSTEMS $31.43 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 491.8 million; Market cap: $15.5 billion; No dividends paid) is teaming up with NBC to stream events live from the Olympic Summer Games in London to mobile device users in the U.S…. Read More

DUNDEE REIT $39.04 – Toronto symbol D.UN

DUNDEE REIT $39.04 (Toronto symbol D.UN; TSINetwork Rating: Speculative) (416-365-3535; www.dundeereit.com; Shares outstanding: 96.5 million; Market cap: $3.8 billion; Dividend yield: 5.6%) aims to sell off its industrial properties over the next 18 months, to focus on adding to its office properties.

Right now, Dundee… Read More

BANK OF NOVA SCOTIA $52 – Toronto symbol BNS

BANK OF NOVA SCOTIA $52 (Toronto symbol BNS; Conservative Growth Portfolio, Finance sector; Shares outstanding: 1.1 billion; Market cap: $57.2 billion; Price-to-sales ratio: 2.1; Dividend yield: 4.2%; TSINetwork Rating: Above Average; www.scotiabank.com) has agreed to sell Scotia Plaza, its 68-storey office building in downtown Toronto.

Under… Read More

Big acquisitions set them up for gains

CHEMTRADE LOGISTICS INCOME FUND $15.05 (Toronto symbol CHE.UN; TSINetwork Rating: Speculative) (416-496-5856; www.chemtradelogistics.com; Units outstanding: 41.7 million; Market cap: $627.6 million; Dividend yield: 8.0%) is one of North America’s largest providers of removal services for resource firms, such as oil refineries and base-metal processors. These… Read More

Scotiabank unlocks value

BANK OF NOVA SCOTIA $52 (Toronto symbol BNS; Conservative Growth Portfolio, Finance sector; Shares outstanding: 1.1 billion; Market cap: $57.2 billion; Price-to-sales ratio: 2.1; Dividend yield: 4.2%; TSINetwork Rating: Above Average; www.scotiabank.com) has agreed to sell Scotia Plaza, its 68-storey office building in downtown Toronto.

Under… Read More

DUNDEE REIT $37.67 – Toronto symbol D.UN

DUNDEE REIT $37.67 (Toronto symbol D.UN; TSINetwork Rating: Speculative) (416-365-3535; www.dundeereit.com; Shares outstanding: 86.0 million; Market cap: $3.2 billion; Dividend yield: 5.8%) owns and manages 18.9 million square feet of office, industrial and retail space. The trust has a 95.6% occupancy rate. In the three… Read More

H&R buys into Scotia Plaza

H&R REAL ESTATE INVESTMENT TRUST $24.16 (Toronto symbol HR.UN; Units outstanding: 181.0 million; Market cap: $4.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.8%; www.hr-reit.com) and Dundee REIT (Toronto symbol D.UN) have agreed to buy Scotia Plaza, a 68-storey office building in downtown Toronto, from… Read More