WPT Industrial REIT (TSE:WIR.U) had its target price raised by analysts at Desjardins from C$14.50 to C$15.00 in a report released on Monday. Desjardins’ price target points to a potential upside of 6.84% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. BMO Capital Markets lifted their price objective on shares of WPT Industrial REIT from C$14.25 to C$14.50 in a research note on Tuesday, March 27th. CIBC lifted their price objective on shares of WPT Industrial REIT from C$14.50 to C$15.00 in a research note on Friday. Canaccord Genuity reaffirmed a “buy” rating and issued a C$14.15 price objective on shares of WPT Industrial REIT in a research note on Thursday, April 12th. National Bank Financial reduced their price objective on shares of WPT Industrial REIT from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Tuesday, March 20th. Finally, Scotiabank raised shares of WPT Industrial REIT from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$13.50 to C$14.50 in a research note on Monday, March 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. WPT Industrial REIT presently has a consensus rating of “Buy” and an average price target of C$14.59.
Shares of TSE:WIR.U traded up C$0.04 during trading on Monday, reaching C$14.04. 151,210 shares of the company traded hands. WPT Industrial REIT has a 1-year low of C$13.02 and a 1-year 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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