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Gramercy Property Trust Inc. Message Board

  • grandmaster2986 grandmaster2986 Oct 27, 2013 6:26 PM Flag

    $8 Per Share

    My estimate is mid/late 2015... Any stabs at this? I know management wants to ride the gravy train to 9

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    • while throwing out numbers like 7 or 8 or 9 a share is really fun, your lack of any support as to why it should be that price is at the same time a snap back to reality. At least make a statement like a "40 cent ffo for 2014 gives us a 8.00 price with a 20 multiple". But I'm just saying stocks don't just get bid up for no reason.

      • 1 Reply to hoopsyah
      • The voice of reason. The only way this things hits $8 in the near term is if the dividend pigs bid this company up. No matter how you cut it this company has nearly 40 million NOI plus nearly 20 million in yearly SG&A and preferred dividend. Given that growth is only through share offerings and the company is entirely dependent upon a rising economy as a way to increase the dividend. The max starting dividend will be .30 or less. To raise the dividend to .40 would be an increase of 8 million NOI would be an increase of almost 20% NOI given the tiny buildings the company is buying how will that happen in a little over 22 months. Name any of the companies assets that will appreciate 20% in 22 months. I admire some peoples bull dog attitudes but be realistic.

 
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