If the distribution is increased by 5% next quarter to .76125, will the unit price increase to stay at a 7.8% yield, or will it remain stuck where it is and the yield increase to 8.2%?
Assuming there is an acquisition between now and April, I suggest the latter will be true until mid-year, then the price will appreciate back to the norm of around 7.7%, and be range bound between 39.50 - 41.00 for the remainder of the year - regardless of any additional acquisitions.
Roger, I've found price forecasting to be a treacherous minefield. Implicit in your suggestion is that general interest rates remain pretty much the same as they are now. If so, the buck and a half range you've taken a shot at is, I think, a tad narrow. But as I'm looking for side bets in options, I'm focusing more on the near term right now. Say, April when the next distribution announcement will be made at the end of the month. Probably (but not certainly) there'll be another run-up. So where will LINE be at the beginning of April and where will it be a few days before ex-div? Also, how significant will the Feb. 27 earnings report be? And what about a likely SO? I've rummaged through my closet but can't locate my Ronharv Swami outfit.
And re ATHX (up so far today) Pfizer IS one of their partners.