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For the past six weeks the GPT share price has reflected the volitility in the A-REIT sector with the share price ranging between the low $3.70's and the high $3.80's.


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At $3.66 GPT was a screaming buy (the missus screamed at me to buy for her SMSF and I did). Although GPT is my stock pick for July (and it is $0.02 down since the start of the month) I will not pick it for August. GPT is due to go ex-div and pay a div of approximately $0.05 in August. I suspect there will be further gains in the share price before it goes ex-div after which point the share price will likely drop by the amount of the div.



Also it would not  surprise me if GPT took a stake in CPA to thwart any management take-over of CPA by Dexus. It is known that GPT is cashed up, has capacity to borrow more and would probably like to pick up some of CPA's better assets in Sydney & Melbourne. The next few weeks should be interesting.


As always, do your own research and good luck. :)


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