The formal price range for Hilton shares is $18 to $21. But the company moved the deal ahead one day in response to heavy demand already reflected in order books, which reportedly show the offering to be oversubscribed by a factor of five.
Of course, most of these trends have been underway for some time, and the market has become wise to them. The Dow Jones US Hotels Index is up 335% from recession-depressed levels of five years ago, and has gained 27% year to date, roughly in line with the Standard & Poor’s 500 Index.
This implies Hilton shares will be well received by the Street, and perhaps will go smartly higher once they begin trading. It will be seen as a blue-chip, core holding in an in-favor consumer sector, and investors will pay up to own it. Yet in that case, the stock will almost certainly be stoutly valued. At $21 a share, its EV/cash flow based on expected 2013 results will be more than 14.5-times, says Agnew
Nothing unusual have asked my broker in the past about shares and he gets very little if any. All depends on broker he doesn't do much on new issues so he gets limited amounts. I hope you are right love to see mid 30s
Hilton Worldwide Holdings Inc., once seen as a black mark on Blackstone Group LP (BX)’s record in real estate, is poised to generate one of the two biggest private-equity profits of all time.
Blackstone stands to make a paper profit of more than $8 billion in the McLean, Virginia-based hotel operator’s initial public offering, scheduled for today. That would be second only to the $10.1 billion of gains that Apollo Global Management LLC (APO) has had from its 2008 investment in chemicals producer LyondellBasell Industries NV (LYB), according to data compiled by Bloomberg. Hilton would become No. 1 if the shares rise more than $1 above the high end of the proposed price range.
Stock holders of record "from press release fourth quarter dividend of $0.38 per share payable on December 31, 2013 to stockholders of record as of December 16, 2013, (ii) an additional dividend of $0.05 per share payable on December 31, 2013 to stockholders of record as of December 16, 2013 and (iii) another additional dividend of $0.05 per share payable on March 28, 2014" that's .48 per share. That's 6.864 million to the new share holder
Just added up Div from VZ since 10/09 3329 in Div and almost double in price. Would I recommend you buy VZ now a big NO
First I had to pay tax on the Div. Second VZ has paid at least that amount ( don't have time to add Div) and stock has almost doubled from when I bought it. Now I know you invested in ARCC keep it and sell something else now position is reversed. ARCC goes once back above 18 and look for look better opportunity. Good luck to you but stock flat in price for years just look at chart