GPT – BA-Merrill Lynch rates the stock as Downgrade to Buy

The broker notes GPT has outperformed the REIT sector by 10% in June and has now come within 4% of the broker’s price target. With a total return potential of 9.4% to the sector’s 14.1% average and a 5.6% yield equivalent to the sector, the broker now sees value as less compelling, hence the downgrade.

This was written by admin. Posted on Friday, July 2, 2010, at 11:54 am. Filed under ASX & Business. Bookmark the permalink. Follow comments here with the RSS feed. Trackbacks are closed, but you can post a comment.