Normal
GPT went exdiv last week at $3.12 (after testing $3.16 earlier in the week). The div is $0.049cpu so naturaly the share price dropped by more than the div tapping $3.04 before rallying on Friday to hold $3.11 in the close.[ATTACH]46216[/ATTACH]It will be interesting to see whether or not gpt can hold this level and/or climb to the upper channel levels of $3.20 in the next week or so. A few REIT's took a hit this week after the annual reports were released but GPT's report was fairly positive going forward. Personaly, I'm looking for a rally to consolidate the div plus a capital gain as gpt continues to trade at a discount to nta and has one of the lowest debt gearing ratio's of all the REIT's.
GPT went exdiv last week at $3.12 (after testing $3.16 earlier in the week). The div is $0.049cpu so naturaly the share price dropped by more than the div tapping $3.04 before rallying on Friday to hold $3.11 in the close.
[ATTACH]46216[/ATTACH]
It will be interesting to see whether or not gpt can hold this level and/or climb to the upper channel levels of $3.20 in the next week or so. A few REIT's took a hit this week after the annual reports were released but GPT's report was fairly positive going forward. Personaly, I'm looking for a rally to consolidate the div plus a capital gain as gpt continues to trade at a discount to nta and has one of the lowest debt gearing ratio's of all the REIT's.
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