Post by Capital on Apr 13, 2024 12:45:04 GMT
This came on my radar about 3 weeks ago. I did a day trade sometime in middle to late March for which retiredat48 justly admonished me 
Around the first of April I bought some shares and am in at $4.58 average. Yep it closed just under $3.99 Friday
This REIT got themselves in a whole lot of trouble when one tenant was unable to pay its rent - that situation is still in the stages of a work out.
I woke up this morning to the news that they had sold their majority stakes in five hospitals in Utah and had declared a $0.15 quarterly dividend, all after the close.
This thing is heavily shorted at 35%. At the current trading volume it would take 10.7 days to cover. This dividend is not going to be good news for them.
Just coming clean that I have been playing this bet on the stock market. I don't normally make these plays any more; but, I just could not help myself on this one.
All that said Monday might be a bit interesting. Please don't judge me too harshly. I needed just a little spice in my life and have a very small position here.
Around the first of April I bought some shares and am in at $4.58 average. Yep it closed just under $3.99 Friday
This REIT got themselves in a whole lot of trouble when one tenant was unable to pay its rent - that situation is still in the stages of a work out.
I woke up this morning to the news that they had sold their majority stakes in five hospitals in Utah and had declared a $0.15 quarterly dividend, all after the close.
This thing is heavily shorted at 35%. At the current trading volume it would take 10.7 days to cover. This dividend is not going to be good news for them.
Just coming clean that I have been playing this bet on the stock market. I don't normally make these plays any more; but, I just could not help myself on this one.
All that said Monday might be a bit interesting. Please don't judge me too harshly. I needed just a little spice in my life and have a very small position here.