Analyst John Cahill from Stifel Nicolaus reiterated a Buy rating on LondonMetric Property (LMP – Research Report) and keeping the price target at p200.00.
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John Cahill has given his Buy rating due to a combination of factors that highlight LondonMetric Property’s strong financial performance and strategic acquisitions. The company has demonstrated exceptional earnings growth, with EPRA EPS increasing by 21% and dividends rising by 18%. This growth is attributed to the successful integration of LXi REIT and CPTP acquisitions, and further expansion is anticipated with the planned acquisitions of Highcroft Investments and Urban Logistics REIT, which are expected to add significant assets to the portfolio.
LondonMetric’s portfolio is characterized by high-quality assets with long lease terms and nearly full occupancy, providing a stable income stream. The company’s focus on logistics, entertainment, convenience, and healthcare sectors supports its triple net lease REIT status, with shares trading close to net tangible assets. The firm’s proactive M&A strategy and efficient management of assets, including the realization of synergies and disposal of non-core assets, are expected to enhance shareholder value. These factors, combined with a strong market position and favorable valuation compared to peers, underpin Cahill’s Buy rating.
According to TipRanks, Cahill is ranked #1223 out of 9519 analysts.
In another report released on May 9, Kepler Capital also maintained a Buy rating on the stock with a p240.00 price target.