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Strategies & Market Trends : Value Investing

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From: Grommit	11/6/2013 9:48:31 AM
	of 78627

DOC. It had it's IPO last summer. It went public at $11.50 a share and is at $12.60+ now. The annual dividend is 90 cents ("...declared a regular quarterly dividend of $0.225 per share). At $12.60 stock price, that's a 7% dividend. No history, but they are confident that the dividend level is proper. So earnings should be >> $1.00 next year. I'm in. "...Given our stable, long-term leases with an average lease term of 8.58 years, and a strong pipeline of investment opportunities we plan to pursue in the near future, we believe this dividend is at a level we can support and increase over the long term as we continue to grow our portfolio of properties and realize the built-in annual increases in rent through our long-term leases.” presentation IPO price: $11.50 yahoo

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