To me what's happening here is simply a sign of market...

To me what's happening here is simply a sign of market sentiment.

If you run a chart from Oct 2011 to now ( and overlay the ex dividend dates on it ) then you will see that what's happening now is nothing out of the ordinary . GHC is behaving to script and now looks like a tremendous opportunity to top up or to enter this great stock for 1st timers .
Share price invariably runs up leading into ex dividend date ,then retraces back down to the long term trendline.

Unless you are gun-shy of depressing property prices from the quality portfolio that they own,then is all full steam ahead the way I see it. Quality properties with quality tenants and occupancy rates.

So a bargain buy for me with a stop < 160 is the way I see it.

This stock has returned an average of > 28% pa ( incl dividends) for the last 5 years

Interested in others comments/views ........................