I'll weigh in. First of all these analysts generally have no clue what they are talking about. But more importantly as investor in the sector you have to understand why you would own a REIT such as AHN. The stock is yielding mid teens and JPM's price target is still 7% higher than its share price right now. If income is what you desire, mid teens yields in a very low interest rate environment sounds pretty compelling. Trading well beneath book value. Under-levered by historic standards. Jeez..... I like the story. But then I'm not some 25 yr old MBA wearing a 3 piece suit working for JPM am I?
I think the target price suprised me. I had the impression that the book was 7.40 to 7.50. While I know that the book will and is taking a hit do to the repurchase program; it would seem to me if they can maintain a dividend of .25 per/qrt this should trade closer to $8. That is of course just my opinion and the good Lord knows I'm no expert. Is this unrealistic? This is the first reit I've ever owned.