Analysts’ targets should be going upYeild is a standard metric for valuation.
With REIT stocks, most always after an increase in the dividend - targets are appropriately increased. An 8% increase in the dividend, can equate to an equal percentage increase in price targets, and eventually SP - as long as the market agrees its sustainable and the correct use of funds. In the case of Whitecap, with the direction of prices for commodities, I would say yes, and I won't be surprised if we see more increases in the next 12 months.