Morgan Stanley analyst Simon Chan maintained a Hold rating on GPT Group (GPTGF – Research Report) today and set a price target of A$4.84. The company’s shares closed last Thursday at $2.82.
According to TipRanks, Chan is an analyst with an average return of -6.9% and a 28.41% success rate.
GPT Group has an analyst consensus of Moderate Buy, with a price target consensus of $3.20.
See the top stocks recommended by analysts >>
GPTGF market cap is currently $5.21B and has a P/E ratio of 16.05.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
GPT Group was listed in 1971 and is Australia’s oldest listed property trust. The business strategy is not particularly differentiated from peers, other than through its particularly conservative gearing and modest emphasis on development activity. The portfolio weighting to industrial is a major growth area for the firm, but is still minor at 12% of total revenue. GPT remains dominated by retail malls that generate about a third of its revenue, and another quarter from office.
