GPT – UBS rates the stock as Neutral

By Broker News | More Articles by Broker News

First-half results were below UBS estimates, with the variance related to development profits and retail income. Guidance for 2019 is unchanged.

The broker believes GPT is well-placed to deliver solid ongoing growth, noting it is trading on a 4.4% distribution yield with growth of 4.3%.

Neutral rating maintained. Target is reduced to $6.25 from $6.32.

Sector: Real Estate.

Target price is $6.25.Current Price is $6.25. Difference: $0.00 – (brackets indicate current price is over target). If GPT meets the UBS target it will return approximately 0% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →