2 REITs on My Radar as Interest Rates Drop [Yahoo! Finance Canada]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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Source: Yahoo! Finance Canada
Real estate investment trusts (REITs) offer Canadians an easy way to invest in real estate without the massive cash outlay. When you invest in a REIT, you purchase shares of a company that owns and operates a massive portfolio of real estate properties. As the underlying company generates revenue through rental income, it offers monthly distributions based on the number of units you hold. While REITs are typically great investments, the last couple of years have been rough for the stock market across the board. Higher interest rates took a toll on financials for REITs as well, resulting in narrower profit margins. ADVERTISEMENT The impact on bottom lines also led to a pullback in share prices. For investors seeking monthly passive income through high-yielding dividends, it meant they could lock in higher yields by investing at discounted share prices. However, the Bank of Canada finally announced a reduction in key interest rates earlier this month. Interest rates might red
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MGA
News
- Court document alleges seven complainants in latest charges against Magna founder Frank Stronach [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Time to Buy: 3 Stellar Stocks the Market Rally Has Left Behind [Yahoo! Finance Canada]Yahoo! Finance Canada
- I had sex with Frank Stronach when I was 19. I've wrestled with its meaning ever since [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Magna International Inc. (NYSE: MGA) had its price target lowered by analysts at Wells Fargo & Company from $49.00 to $46.00. They now have an "equal weight" rating on the stock.MarketBeat
- The three biggest risks for equity investors. Plus, the looming retirement crisis no one is talking about [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
MGA
Earnings
- 5/3/24 - Miss
MGA
Sec Filings
- 6/27/24 - Form 11-K
- 6/5/24 - Form SD
- 5/30/24 - Form 6-K
- MGA's page on the SEC website