Analysts Offer Insights on Real Estate Companies: Keppel DC REIT (OtherKPDCF), CapitaLand Mall (OtherCPAMF) and First Industrial Realty (FR)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2024
0mins
Source: Business Insider
- Keppel DC REIT (KPDCF):
- UOB Kay Hian analyst Jonathan Koh maintained a Buy rating with a price target of S$2.15.
- Analyst consensus suggests a Moderate Buy with a $1.44 average price target, indicating a 17.1% upside.
- CapitaLand Mall (CPAMF):
- CGS-CIMB's Lock Mun Yee reiterated a Buy rating with a price target of S$2.18.
- Analyst consensus indicates a Strong Buy with a $1.66 average price target, a 17.7% upside.
- First Industrial Realty (FR):
- Mizuho Securities analyst Vikram Malhotra reiterated a Buy rating with a price target of $58.00.
- Analyst consensus suggests a Moderate Buy with a $56.00 average price target, implying a 21.2% upside.
Analyst Views on FR
Wall Street analysts forecast FR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FR is 54.88 USD with a low forecast of 51.00 USD and a high forecast of 59.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
5 Buy
3 Hold
0 Sell
Moderate Buy
Current: 57.200
Low
51.00
Averages
54.88
High
59.00
Current: 57.200
Low
51.00
Averages
54.88
High
59.00
About FR
First Industrial Realty Trust, Inc. is a provider of industrial real estate. The Company owns, operates, develops and acquires logistics properties. The Company, through its fully integrated operating and investing platform, provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. Its portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. The Company owns and has under development approximately 69.5 million square feet of industrial space. Its tenants are engaged in a variety of businesses, including e-commerce, third-party logistics and transportation, consumer and other manufactured products, retail and consumer services, food and beverage, lumber and building materials, wholesale goods, health services, governmental and other. Through a wholly owned TRS of the Operating Partnership, it owns an equity interest in a joint venture.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
