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Gramercy Property Trust Inc. Message Board

forager3215 19 posts  |  Last Activity: Oct 14, 2014 11:38 PM Member since: May 25, 2009
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  • Reply to

    What is the consensus?

    by rambo.storm Oct 14, 2014 9:27 PM
    forager3215 forager3215 Oct 14, 2014 11:38 PM Flag

    Waiting for earning to be released before buying.

  • Reply to

    Looks like they may pay dividends in psec stock

    by forager3215 Oct 14, 2014 11:25 AM
    forager3215 forager3215 Oct 14, 2014 11:50 AM Flag

    n-2 page 35

  • We may in the future choose to pay dividends in our own stock, in which case our stockholders may be required to pay tax in excess of the cash they receive.
    We may distribute taxable dividends that are payable in part in our stock. The IRS has issued a private letter ruling on cash/stock dividends paid by us if certain requirements are satisfied, and the ruling permits us to declare such taxable cash/stock dividends, up to 80% in stock, with respect to our taxable years ending August 31, 2014 and August 31, 2015. Taxable stockholders receiving such dividends would be required to include the full amount of the dividend as ordinary income (or as long-term capital gain to the extent such distribution is properly designated as a capital gain dividend) to the extent of our current and accumulated earnings and profits for United States federal income tax purposes. As a result, a U.S. Stockholder (as defined in "Material U.S. Federal Income Tax Considerations") may be required to pay tax with respect to such dividends in excess of any cash received. If a U.S. Stockholder sells the stock it receives as a dividend in order to pay this tax, it may be subject to transaction fees (e.g. broker fees or transfer agent fees) and the sales proceeds may be less than the amount included in income with respect to the dividend, depending on the market price of its stock at the time of the sale. Furthermore, with respect to Non-U.S. Stockholders (as defined in "Material U.S. Federal Income Tax Considerations"), we may be required to withhold U.S. tax with respect to such dividends, including in respect of all or a portion of such dividend that is payable in stock. In addition, if a significant number of our stockholders determine to sell shares of our stock in order to pay taxes owed on dividends, it may put downward pressure on the trading price of our stock. It is unclear whether and to what extent we will be able to pay dividends in cash and our stock.

  • forager3215 by forager3215 Sep 25, 2014 1:17 AM Flag

    Is this not the first quarter that psec must start to follow the sec ruling on consolidations of assets from there holding company ?
    1. If so does it not make sense to hold off on any forward dividend announcements till they start to see exactly how these new reporting procedures are to look like ?
    2. The quarter is not over yet and final numbers are not in but in my eyes they have sent a clear message.
    3. It is my conclusion they have sent a clear message that there quite confident the earning will be above dividend pay-outs but have elected to only announce one months forward dividend payment with slight boost till they have the correct and accurate numbers from there auditors and to get a sense of what forward earnings will look like .
    4. They have stated couple times before new sec ruling would boost nav and tax distribution
    5. who knows maybe nav has jumped to $11.25 with new reporting rules and forward dividend payout will jump to 12 cents a month.

    I sold my entire holding last earnings release and bought half back today of 8k shares and plan to buy other half back when funds become available.

    Sentiment: Strong Buy

  • Reply to

    Not over

    by want2bik Sep 19, 2014 10:41 AM
    forager3215 forager3215 Sep 19, 2014 11:33 AM Flag

    Think ur right hate to say it but i think at will settle around $1.80 to $1.90

  • forager3215 by forager3215 Sep 18, 2014 11:14 AM Flag

    arr sold 3 billion 15yr mbs lowered leverage to 6.4 lowered balance sheet duration to .29

    Sentiment: Buy

  • Reply to

    When is the Dividend announcement ?

    by davidachman Sep 16, 2014 9:16 AM
    forager3215 forager3215 Sep 16, 2014 11:50 AM Flag

    should announce end of this week

    Sentiment: Buy

  • forager3215 by forager3215 Sep 16, 2014 12:25 AM Flag

    Harris Benjamin purchases 5000 shares on open market share price $6.10 and $6.11

    Sentiment: Strong Buy

  • Reply to

    New 52 Week High

    by grandmaster2986 Sep 8, 2014 11:12 AM
    forager3215 forager3215 Sep 9, 2014 12:14 PM Flag

    Nope never actually said what percent of the payout would be. i'm just guessing at this point that they will continue there conservative stance on dividend payout.

    Sentiment: Strong Buy

  • Reply to

    New 52 Week High

    by grandmaster2986 Sep 8, 2014 11:12 AM
    forager3215 forager3215 Sep 9, 2014 11:06 AM Flag

    My guess is they will keep divi payout at 50% of run affo for now so ill say they will raise dividends to .05 to .055 cents for 2015 they may also go to announcing quarterly instead of giving yearly guidance on dividend payouts.

    Sentiment: Strong Buy

  • Reply to

    hump

    by ruswise Sep 2, 2014 10:20 AM
    forager3215 forager3215 Sep 2, 2014 11:17 AM Flag

    Well gpt broke thru the 52 week high now will it hold is the question.

    Sentiment: Strong Buy

  • Reply to

    boring

    by ruswise Aug 26, 2014 6:33 AM
    forager3215 forager3215 Aug 28, 2014 12:11 PM Flag

    Did on ameritrade
    Gramercy Property Trust Announces Acquisition of $17.3 Million Industrial Properties in Miami, FL
    8:30a ET August 28, 2014 (Business Wire) Print
    Gramercy Property Trust Inc. (NYSE:GPT), a real estate investment trust, announced today that it closed the acquisition of three auto salvage sites totaling approximately 30 acres in Medley, Florida (Miami MSA). The properties are 100% leased through July 2022 to a subsidiary of a large publicly-traded global provider of replacement auto and truck parts. Year 1 net operating income is approximately $1.3 million (7.4% initial cap rate and annualized straight-line cap rate) with rent escalations every 60 months based upon the increase in CPI, subject to a maximum increase. The facility was acquired all-cash for a purchase price of approximately $17.3 million ($580,000 per acre).

    Sentiment: Strong Buy

  • Reply to

    boring

    by ruswise Aug 26, 2014 6:33 AM
    forager3215 forager3215 Aug 28, 2014 10:04 AM Flag

    Like this one ?
    Gramercy Property Trust Announces Acquisition of $17.3 Million Industrial Properties in Miami, FL

    Sentiment: Buy

  • Reply to

    PSEC receives buy rating from Deutsche Bank

    by bernie.ecclestone Aug 27, 2014 10:56 AM
    forager3215 forager3215 Aug 27, 2014 11:10 AM Flag

    Deutsche Bank reiterated their buy rating on shares of Prospect Capital Corp. (NASDAQ:PSEC) in a research note released on Wednesday morning. They currently have a $11.50 target price on the stock, down from their previous target price of $12.25.
    Separately, analysts at Evercore Partners upgraded shares of Prospect Capital Corp. from an underweight rating to an equal weight rating in a research note on Thursday, May 29th. They now have a $10.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of $11.50.

    Sentiment: Hold

  • Reply to

    Sell-off already exhausted

    by bernie.ecclestone Aug 27, 2014 11:01 AM
    forager3215 forager3215 Aug 27, 2014 11:08 AM Flag

    My gut feeling is we have couple more weeks before we see a stable price point. Just a shot in the dark but should settle between $9.90 and $10.10

    Sentiment: Hold

  • Reply to

    conference call transcript questions

    by forager3215 Aug 26, 2014 11:56 PM
    forager3215 forager3215 Aug 26, 2014 11:57 PM Flag

    Grier Eliasek
    We’ll have more to say about that Chris in the future because some of them are further along. For example, the reduction in our financing, as Brian indicated, we hope to have more say about that in the near future. Some of those are a little bit longer-term initiatives.

    Sentiment: Hold

  • Greg Mason - KBW
    And then one final question, and I'll hop back in the queue. For the past two years, you've always released kind of the next three months dividend announcement with the earnings kind of simultaneously. And we didn't see that last night, making the dividend announcement with the earnings. What should we think about that? Is there anything we should read into that?

    John Barry
    Not really Greg. The Board has announced dividends going out through the end of December which is a pretty long runway and we thought we would just digest information from the market and how the portfolio is performing and have more to say about that next quarter. We also, I would add to that, continue to have spill back income, as Brian had said earlier, as a bank so as to the value of dividends for the future as well.

    Christopher Knowland - MLV & Company
    And then going out beyond December in terms of the dividend, given that the company has not covered the dividend for any quarter for fiscal 2014. Is a return of capital part of the plan just to maintain the payout, or is the policy, once the spillover income is exhausted, adjust to the right size of dividend for the earnings?

    Brian Oswald
    Our policy strategy is to focus on paying out dividends out of taxable earnings and to avoid return on capital distributions over the long term, and we do have a spillback available to us to support that. But we also have catalysts which we hope will drive our earnings going forward.

    Christopher Knowland - MLV & Company
    Grier, as a follow up to that, incrementally, back of the envelope estimate, you needed about 100 basis point improvement in overall yield of net investment income to cover the dividend, do you think all those initiatives that you are outlining could achieve that, achieve a full coverage of the dividend?

    Sentiment: Hold

  • Reply to

    Conference Call of 8-26-14

    by koleffstephan Aug 26, 2014 11:52 AM
    forager3215 forager3215 Aug 26, 2014 12:03 PM Flag

    I listened to the call there were several questions regarding dividend one question was why they didn't announce jan feb and march dividend answer they are waiting to what next quarter brings.
    2. they only have enough spill over earnings to cover the current dividend till jan .

    Not sure at this point but we could see a cut in dividends first quarter.

    Sentiment: Hold

  • Reply to

    why the selling despite all the good news?

    by daicheng0722 Aug 5, 2014 10:55 AM
    forager3215 forager3215 Aug 5, 2014 11:29 AM Flag

    Seems to me investors are just being cautious cohen has over promised before so most are waiting to see as the old saying goes (proof is in the pudding)

    Sentiment: Hold

GPT
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