Winston’s Weekly: Contrasting performances from Charter Hall & Dexus
Winston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read MoreTag: CHC
Stocks of the Hour: Red Metal, Gladiator Resources, Charter Hall
A snapshot of the stocks on the move, featuring Red Metal (ASX:RDM), Gladiator Resources (ASX:GLA) and Charter Hall (ASX:CHC).
Read MoreDo’s and Don’ts in real estate
The companies that present opportunities and pitfalls in the current real estate sector within Australia.
Read MoreReal estate gap causes concerns
20 Jul 2023 – Australia's largest landlords have recently downgraded the values of their office block portfolios, but investors are seeking deeper discounts amid a significant gap between public and private valuations.
Read MoreCHC – Macquarie rates the stock as Outperform
Outperform and $22.68 target retained.
Read MoreCHC – Credit Suisse rates the stock as Neutral
The Neutral rating is retained and the target price increases to $21.19 from $19.37.
Read MoreCHC – Credit Suisse rates the stock as Neutral
The broker revises FY22 and FY23 estimates up by 11.6% and 10.6%, increasing the target to $19.37 from $18.87. Neutral maintained.
Read MoreGoodman, Charter Hall Ride Logistics Bounce
Upgrades from Goodman Group and Charter Hall reveal that the pandemic is now delivering good times in the rebound phase for the property sector after crimping activity in 2020.
Read MoreCharter Hall: An Underappreciated REIT
Airlie’s Will Granger looks at one of the ASX’s top performers over the past decade, Charter Hall, which has delivered a total shareholder return of 19% per annum since listing in 2005.
Read MoreCHC – Credit Suisse rates the stock as Neutral
Guidance is for earnings per security of at least $0.57 and the broker would not be surprised if the actual outcome is higher. Neutral rating maintained. Target rises to $15.43 from $14.40.
Read MoreAnother Upgrade Ensues From Charter Hall
Charter Hall has made a habit of upgrading guidance then beating this at the result. Now, FY21 has been upgraded for the third time.
Read MoreCHC – UBS rates the stock as Buy
Buy rating and $16.10 target retained.
Read MoreCHC – Macquarie rates the stock as Outperform
Macquarie notes the company’s development pipeline is getting larger, at $7bn, aiding returns to both unit holders and the underlying funds. Outperform rating and $15.78 target retained.
Read MoreCHC – Macquarie rates the stock as Outperform
Charter Hall Group acquired $3bn worth of assets over the first four months of FY21, leading to a 7% increase in the group’s assets under management (AUM) since June to $43.3bn. This beats Macquarie’s previous full-year forecast of $42.3bn.
Read MoreCHC – UBS rates the stock as Upgrade to Buy from Neutral
UBS is increasingly convinced of Charter Hall’s ability to continue raising and deploying third-party equity/debt. The broker upgrades earnings estimates by 7-8% to reflect growth in assets under management and co-investments.
Read MoreCHC – Macquarie rates the stock as Outperform
Charter Hall has upgraded FY19 operating earnings growth guidance to 24% from 14-17%. The broker had assumed 16%. The upgrade largely reflects an upgrade to the Charter Hall Office Trust performance fee. Upside to this fee, and to assets under management, suggest upside risks to FY20 guidance, the broker believes.
Read MoreCHC – UBS rates the stock as Neutral
UBS transfers coverage of Charter Hall to another analyst. The target is upgraded to $11.05 from $8.60 and earnings estimates are increased by 10-20%.
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