WPT Industrial Real Estate Investment (TSE:WIR.U) Receives Consensus Recommendation of “Hold” from Analysts

WPT Industrial Real Estate Investment (TSE:WIR.U) has been given an average rating of “Hold” by the eight brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have covered the stock in the last year is C$22.81.

WIR.U has been the subject of several research reports. Raymond James cut shares of WPT Industrial Real Estate Investment from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$21.00 to C$22.00 in a report on Tuesday, August 10th. CIBC cut shares of WPT Industrial Real Estate Investment from an “outperform” rating to a “neutral” rating and raised their price objective for the company from C$18.50 to C$28.00 in a research note on Tuesday, August 10th. National Bankshares raised their price target on WPT Industrial Real Estate Investment from C$20.00 to C$22.00 and gave the stock a “tender” rating in a research report on Tuesday, August 10th. National Bank Financial lifted their target price on WPT Industrial Real Estate Investment from C$20.00 to C$22.00 and gave the stock a “tender” rating in a research note on Tuesday, August 10th. Finally, TD Securities reissued a “tender” rating and issued a C$22.00 target price on shares of WPT Industrial Real Estate Investment in a report on Tuesday, October 12th.

WPT Industrial Real Estate Investment has a 12-month low of C$12.35 and a 12-month high of C$21.93. The company has a debt-to-equity ratio of 82.40, a quick ratio of 0.55 and a current ratio of 0.95. The firm’s fifty day simple moving average is C$21.69 and its 200-day simple moving average is C$19.73. The company has a market cap of C$1.84 billion and a price-to-earnings ratio of 4.68.

About WPT Industrial Real Estate Investment

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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