WPT Industrial Real Estate Investment (TSE:WIR.U) had its target price raised by CIBC from C$14.50 to C$14.75 in a research report sent to investors on Friday, BayStreet.CA reports.
A number of other brokerages have also recently weighed in on WIR.U. BMO Capital Markets raised their target price on shares of WPT Industrial Real Estate Investment from C$14.25 to C$14.75 in a report on Tuesday, May 14th. Royal Bank of Canada raised their target price on shares of WPT Industrial Real Estate Investment from C$14.50 to C$15.00 and gave the stock an outperform rating in a report on Friday. Finally, Desjardins reduced their target price on shares of WPT Industrial Real Estate Investment from C$15.00 to C$14.75 in a report on Monday, May 13th.
TSE:WIR.U traded down C$0.13 during trading hours on Friday, reaching C$13.86. 54,454 shares of the company’s stock were exchanged. The stock has a market cap of $617.41 million and a P/E ratio of 15.03. WPT Industrial Real Estate Investment has a 12 month low of C$12.10 and a 12 month high of C$14.35. The company has a debt-to-equity ratio of 63.52, a current ratio of 0.31 and a quick ratio of 0.22. The stock has a 50-day moving average price of C$13.70.
WPT Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been formed for the purpose of acquiring, developing, managing and owning primarily industrial investment properties located in the United States, with a particular focus on warehouse and distribution industrial real estate.
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