we also have a bit of pacman fever with the camden purchase of summit, we all think that our positions are as high quality as they are. a very classy organization and gorgeous product that shows well at the wall street dog and pony shows - and they get what? a 13% tag on? not bad for them but that is most likely the ceiling for more pedestrian REITS
If as Poly thinks the div may go back up (Remmember the .28 per quarter) to .25 the FFO would need to go up to a least .30 ($1.20 yr)per Q.
But even a dividend increase to $0.22 or $0.225 would move the stock to $11 I think.
So it is very likely almost a lock.
I just had my crystal ball polished and here's a few IMHO.
2)managemnt's desire to raise dividend to $.25.
3)Good sector movement
4)Inflation under control and Fed's indication to leave rates alone for awhile.