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Atlas Pipeline Partners, L.P. Message Board

bosox_pats 5 posts  |  Last Activity: Jun 26, 2015 6:39 AM Member since: Nov 22, 2010
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  • A $2-3 Billion portfolio - $15 -$20 stock by year-end.

  • Reply to

    3 Cents!!!! That's doggy do do

    by memeds2 Jun 8, 2015 6:53 PM
    bosox_pats bosox_pats Jun 8, 2015 7:03 PM Flag

    I have no idea where you are getting the $0.14. If you take their presentation off their website and look at the pro forma data associated with their recent acquisitions and the net impact on refinance of their debt, you get a potential pick-up in the dividend of $0.06 - $0.07, to $0.29 - $0.30, assuming a constant payout ratio of about 85% of FFO. My guess is they have left some dry powder so they can increase the dividend again and/or keeping some extra capital available to help fund acquisitions. They could also be negotiating with banks for some form of revolving credit lines to improve financial flexibility to fund future acquisitions. Keeping a lower payout ratio may be comforting to the banks from a credit perspective. This is a growth through acquisition vehicle and story at the end of the day in a highly attractive fragmented industry.

  • Reply to

    An extra $ .14 to go to the divy for July 7?

    by memeds2 May 25, 2015 10:09 PM
    bosox_pats bosox_pats May 27, 2015 8:25 PM Flag

    They announced at time of last dividend that future dividends would be announced at same time of earnings

  • Reply to

    An extra $ .14 to go to the divy for July 7?

    by memeds2 May 25, 2015 10:09 PM
    bosox_pats bosox_pats May 27, 2015 5:25 AM Flag

    Dividend will be announced at same time 2nd quarter earnings are released likely to be early August, not July.

  • Reply to

    Dividend bump to .37 very unlikely

    by equityman2002 May 8, 2015 3:53 PM
    bosox_pats bosox_pats May 9, 2015 8:22 AM Flag

    Dude, you have no idea what you are talking about. You want this company to make acquisitions that yield NOI of 6.5%!! The reason the dividend is going up in the second quarter is due to the recent $435 MM purchase that was accretive to the equity!! The company will pay-out an industry standard of about 85% of normalized FFO. Based on the pro forma results they reported for the 1Q, the is will result in the dividend being raised to $0.28 - $0.30 for the second quarter. They may opt for a lower payout ratio this quarter and continue to build over the course of the year. They will report 2Q and dividend roughly 1st or 2nd week of August. My guess is they go out the end of the year at $0.35 dividend, or possibly higher. At $0.35, or $1.40 annualized and a 5.5% rate, this gets you a $25 stock price.

    If we do an accretive large acquisition in the rest of this year, the stock could go even higher. Lastly, SNR could become a very attractive acquisition candidate for Ventas, HCP, Brookdale, etc. given it's size.

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