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CIP - UBS rates the stock as Downgrade to Neutral
PUBLISHED
2021-06-02
Content
Centuria Industrial has revalued its entire portfolio of 61 assets to a 4.53% cap rate, reflecting current market strength UBS asserts. The broker now believes the risk/reward is relatively balanced and downgrades to Neutral from Buy on valuation grounds.
The broker's preference is for Goodman Group ((GMG)) as current conditions are favouring developers and valuations for that stock now more conservative. Target is raised to $3.72 from $3.54.
Sector: Real Estate.
Target price is $3.72.