What Happened to BWP’s Share Price?
Shares in BWP Trust [ASX:BWP] traded as high as $3.02 yesterday. The move up put the stock into an all-time new high. The stock is also moving up alongside the bullish trend of the general market at the moment.
Why Did This Happen to BWP Shares?
The stock market is pricing in strong earnings for the company. BWP owns properties throughout Australia, primarily on the eastern seaboard. It’s primary tenant is the Bunnings Warehouse chain. It pays out its rental income as dividends to investors. Investors are looking for yield as the Australian central bank cuts the interest rate.
What Now for BWP Trust?
BWP Trust’s half-year results will be announced on 11 February 2015. A rising share price now indicates this will be a positive announcement.
Editor, Markets and Money