IPOBoutique.Com rates secondary offerings to hit the tape with a ‘BUY’, ‘NEUTRAL’ or ‘AVOID’ rating. Senior Managing Partner Scott Sweet maintains a track record for all secondary’s he’s issued with a ‘BUY’ rating.
Company: City Office Reit
Symbol: CIO
Price: Last trade $12.78
Trade Date: 3/31
Shares: 8 million
Underwriter(s) Deutsche Bank, Janney Montgomery Scott, Wunderlich Securities, Oppenheimer & Co., D.A. Davidson
Rating=Subscription Needed
Company: Gaming and Leisure Properties
Symbol: GLPI
Price: Last trade $29.91
Trade Date: 4/1
Shares: 19 million
Underwriter(s) BofA Merrill Lynch, J.P. Morgan, Wells Fargo, Fifth third Securities, UBS, Credit Agricole CIB, Nomura, SunTrust Robinson Humphrey, Barclays, Oppenheimer & Co.
Rating=Subscription Needed
Company: QTS Realty Trust, Inc.
Symbol: QTS
Price: Last trade $46.62
Trade Date: 3/29
Shares: 5 million
Underwriter(s) BofA Merrill Lynch, J.P. Morgan, Stifel
Rating=Subscription Needed