CIP – Macquarie rates the stock as Outperform
The broker sticks with Outperform, while an increase in the assumed risk-free rate cuts the target to $3.94 from $4.27.
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Centuria Industrial Reit
Centuria Industrial REIT (ASX: CIP) offers investors a chance to invest in industrial property via a real estate investment trust (listed property trust). CIP is Australia’s largest domestic pure play industrial property investment vehicle (A-REIT) and is included in the S&P/ASX 200 Index. CIP’s portfolio includes 53 high-quality, fit-for-purpose industrial assets worth a collective $2.1billion*. The assets are situated in key in-fill locations and close to key infrastructure.
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News
CIP – Morgans rates the stock as Hold
Morgans retains its Hold rating and raises its target price to $4.12 from $4.09.
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CIP – Credit Suisse rates the stock as Neutral
The Neutral rating and target price of $3.83 are retained.
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CIP – Macquarie rates the stock as Outperform
Macquarie has trimmed earnings forecasts but increased its target price to $4.22 from $4.00. Outperform retained.
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CIP – Morgans rates the stock as Hold
Morgans retains is Hold rating and lifts its target price to $3.87 from $3.71.
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CIP – Morgans rates the stock as Hold
Morgans increases the target price to $3.71 from $3.55 and retains the Hold rating.
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CIP – UBS rates the stock as Downgrade to Neutral
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.
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CIP – Credit Suisse rates the stock as Neutral
Neutral maintained. Target is raised to $3.42 from $3.24.
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CIP – Credit Suisse rates the stock as Neutral
Centuria Industrial has acquired two assets for $236m from Arnott's via a sale and lease-back on a combined initial yield of 5.9% vs a capitalisation rate of 5.23%. This will be funded via a placement and a new debt facility.
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