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Analysts Have Conflicting Sentiments on These Real Estate Companies: China Overseas Land & Investment (OtherCAOVF), Ascott Residence (OtherATTRF) and Independence Realty (IRT)

Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on China Overseas Land & Investment (CAOVFResearch Report), Ascott Residence (ATTRFResearch Report) and Independence Realty (IRTResearch Report).

China Overseas Land & Investment (CAOVF)

DBS analyst Jason Lam maintained a Buy rating on China Overseas Land & Investment today and set a price target of HK$17.20. The company’s shares closed last Friday at $1.40, close to its 52-week low of $1.31.

According to TipRanks.com, Lam is a 1-star analyst with an average return of -5.0% and a 14.3% success rate. Lam covers the NA sector, focusing on stocks such as Country Garden Services Holdings Co, Longfor Group Holdings, and China Resources Land.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for China Overseas Land & Investment with a $1.95 average price target.

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Ascott Residence (ATTRF)

DBS analyst Geraldine Wong maintained a Buy rating on Ascott Residence today and set a price target of S$1.30. The company’s shares closed last Wednesday at $0.67, close to its 52-week low of $0.65.

According to TipRanks.com, Wong is ranked #7049 out of 8794 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ascott Residence with a $0.96 average price target.

Independence Realty (IRT)

BMO Capital analyst John Kim maintained a Sell rating on Independence Realty yesterday and set a price target of $15.00. The company’s shares closed last Wednesday at $15.76.

According to TipRanks.com, Kim is a 3-star analyst with an average return of 0.7% and a 48.6% success rate. Kim covers the NA sector, focusing on stocks such as Rexford Industrial Realty, Plymouth Industrial Reit, and Apartment Income REIT.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Independence Realty with a $17.29 average price target.

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