TSX:HOM.DB.U - Post Discussion
Post by
retiredcf on Jan 30, 2024 9:19am
Raymond James
Ahead of quarterly earnings season in Canada’s real estate sector, Raymond James analyst Brad Sturges thinks improved year-over-year adjusted funds from operations could “act as a possible positive catalyst.”
“We highlight Primaris REIT as a potential stock that could be positioned to deliver a positive earnings surprise, in our view, while we are relatively more cautious on StorageVault’s near-term outlook in meeting our and consensus SP-NOI and AFFO/share growth expectations,” he said. “We also expect the potential for exploring and executing non-core asset sales and capital recycling activities to generally remain a major theme during 4Q23 reporting.”
.,Mr. Sturges made these target changes:
- BSR REIT (HOM.U-T, “outperform”) to US$14 from US$14.75. The average on the Street is US$15.32.
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