$6.19 -0.11 (-1.75%)
12/3/2009 4:00 PM

HRPT Properties Trust (HRP)

CAPS Rating: 4 out of 5

A real estate investment trust whose primary business is the ownership and operation of real estate, including office and industrial buildings and leased industrial land.

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1
Member Avatar Mustang01APR00 (< 20) Submitted: 1/23/2009 5:53:52 PM : Outperform Start Price: $3.10 HRP Score: +65.00

Although the dividend has been halved, it seems that any company that chooses to buy back common shares can only be a good thing. If they stick to the plan to buy back 100 million shares as previously approved by the SEC, then the common shares remaining should be worth more. They've got strong leases with Health Care companies, as well as steady growth. I'm looking for at least a $2 plus up by summer.

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Member Avatar Mustang01APR00 (< 20) Submitted: 5/6/2009 9:00:46 AM
Recs: 0 Rec This

Correction: It should read that they intend to buy back $100 million in shares, not 100 million shares.

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