TSX:SGR.UN - Post by User
Comment by
DanielDarden123on Jul 29, 2021 11:47am
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Post# 33623384
RE:for your interest
RE:for your interestincomedreamer11 wrote: CIBC World Markets analyst Sumayya Syed raised her Slate Grocery REIT (SGR.UN-T) target to $10.75 from $9.75 with a “neutral” rating, while RBC’s Pammi Bir increased his target to $10.75 from $10.25 with a “sector perform” recommendation. The average is $10.90.
“Post Q2 results that slightly exceeded our call, our stable view for SGR is intact,” said Mr. Bir. “Despite the steeper slide in organic growth, multiple drivers appear to be in place to support a stronger recovery over the next 18 months. As well, tailwinds appear to be forming for potential earnings and NAV upside from the Annaly portfolio acquisition. Net-net, we see valuation as well-supported by its defensive grocery anchored portfolio and improving growth profile.”
It’s important to realize that these targets are U.S. $.