WPT Industrial REIT (TSE:WIR.U) had its price objective hoisted by research analysts at Scotiabank from C$14.50 to C$15.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 8.23% from the company’s current price.
A number of other equities analysts have also recently weighed in on the company. National Bank Financial decreased their price target on WPT Industrial REIT from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Tuesday, March 20th. Canaccord Genuity restated a “buy” rating and issued a C$14.15 price target on shares of WPT Industrial REIT in a report on Thursday, April 12th. BMO Capital Markets upped their price target on WPT Industrial REIT from C$14.25 to C$14.50 in a report on Tuesday, March 27th. Royal Bank of Canada upped their price target on WPT Industrial REIT from C$13.50 to C$14.50 and gave the stock a “sector perform” rating in a report on Friday, May 11th. Finally, CIBC increased their target price on WPT Industrial REIT from C$14.50 to C$15.00 in a research note on Friday, May 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$14.66.
TSE WIR.U opened at C$13.86 on Wednesday. WPT Industrial REIT has a fifty-two week low of C$13.02 and a fifty-two week high of C$13.10.
WPT Industrial Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT is engaged in the business of acquiring and owning industrial investment properties located in the United States. Its objective is to provide Unitholders with an opportunity to invest in a portfolio of institutional-quality industrial properties in the United States markets, with a particular focus on distribution industrial real estate.
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