Today I purchased 3 shares Unibail Rodamco Westfield at a price of €143,30 including transaction costs and French stock transaction tax.
As a result of this purchase I now own 15 shares Unibal-Rodamco-Westfield. The average purchase price is reducing from €171,03 to €165,49.
Due to the purchase of the 3 shares Unibal my yearly extimated dividend income will increase with €32,40.
Yield on cost is 6,52% based on my average purchase price.
Today I bought 8 shares Unibail-Rodamco at a price of €187,00. The shares have a dividend outlook for 2018 of €10,80 so the estimated yield on cost will be 5,77%. Last few weeks the share price of Unibail-Rodamco decreased from €224 on 6 december to €187 today. A decrease of 17% due to ricing interest rates and market selloffs in the REIT market.
The current share price offering an estimated yield on cost of almost 6% is for me reason to add this big REIT to my portfolio.
Unibail-Rodamco is in the process of acquiring Westfield Corporation. The offer on Westfield is a combination of cash and Unibail-Rodamco shares. Due to the decrease in the Unibail-Rodamco share price there is a risk that Westfield shareholders will try to negotiate another deal.
With this purchase the estimated yearly dividend increased by €86,40.