Price dropped 50% .. so target

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LuckyPiggie
2023-05-13

Price dropped 50% .. so target price cut 50% too. [LOL]

Analysts Lower Prime US Reit’s Target Price, Expect Earnings to Stabilise

Analysts have lowered their target prices for Prime US Reit amid a fluctuation in occupancy and high

Analysts Lower Prime US Reit’s Target Price, Expect Earnings to Stabilise

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[LOL]","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9970361333","repostId":1152506646,"repostType":2,"repost":{"id":"1152506646","pubTimestamp":1683868765,"share":"https://www.laohu8.com/m/news/1152506646?lang=&edition=full","pubTime":"2023-05-12 13:19","market":"sg","language":"en","title":"Analysts Lower Prime US Reit’s Target Price, Expect Earnings to Stabilise","url":"https://stock-news.laohu8.com/highlight/detail?id=1152506646","media":"The Business Times","summary":"Analysts have lowered their target prices for Prime US Reit amid a fluctuation in occupancy and high","content":"<div>\n<p>Analysts have lowered their target prices for Prime US Reit amid a fluctuation in occupancy and higher management fees paid in cash.DBS Group Research reduced the real estate investment trust’s (Reit)...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/brokers-take-analysts-lower-prime-us-reits-target-price-expect-earnings-stabilise\">Web Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The brokerage noted that it is set to benefit from “return-to-office trends in the US”, although recovery might be rocky. The Reit on Wednesday posted a 22.5 percent fall in distributable income to US$14.9 million for the first quarter of 2023, from US$19.2 million the previous year.Despite the potential impact of inflation and higher interest costs on earnings, DBS noted that these headwinds are expected. It anticipates earnings to stabilise from its FY2023 forecasts. The brokerage added that the Reit currently trades at 0.3 times its net asset value – below the pandemic trough in March 2020 – and offers a forecast FY2023 yield of 20 percent. “At the current price level, we believe the headwinds are largely priced in, and the stock is at an interesting level to monitor for any potential short-term inflexion in macroeconomic sentiment,” said DBS analysts. Units of Prime US Reit were trading US$0.005 or 2.4 percent higher at US$0.21 as at 10.32 am on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["00700"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":45,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}