Corvex’s Meister sees upside for American Realty if it restores dividend

Corvex Management Chief Investment Officer Keith Meister on Wednesday said American Realty Capital Properties is the hedge fund’s best idea for 2015. Speaking in a panel discussion at the CNBC-Institutional Investor Delivering Alpha conference, Meister said he sees 25% to 50% upside for the firm, which he said has done an excellent job of “repairing itself” and needs to restore its dividend.

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From:: Stock Market News

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