REITS - Buying 1 - 2 weeks before going ex-dividend Message Board

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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

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To: Richard Barron who wrote (478)	11/14/1997 12:13:00 PM
From: Richard Barron	Read Replies (3) of 2561

I spoke to Mike Nielan at Storage Trust Realty. 1-573-499-4799 x132 today. It seems they should be able to grow 8 or 9% per year for the next 3-5 years. With a 7.75% dividend and only an 11 FFO multiple, this is a great entry point for a 3-5 year investment that could return 15-18% per year for that time frame. Seems that Merrill Lynch might have downgraded SEA since they didn't win the secondary of 2 million shares offered a month ago. Maybe they have something going with PSA instead. Mike said Merrill hasn't returned their call yet to explain why they downgraded them. technically, there should be a lot of support near 23. Richard

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