Top brokers say these three ASX 200 real estate investment trusts (REITs) are the real estate shares to buy today.
As reported in The Australian, here are their 12-month price targets on the stocks.
Buy these ASX 200 REITs, say brokers
Arena REIT No 1 (ASX: ARF)
Barrenjoey has upgraded its rating on the Arena REIT to overweight.
The broker has placed a 12-month price target of $3.75 on the ASX 200 real estate share.
The ASX 200 REIT is currently changing hands for $3.46 per share, down 0.57% for the day.
Charter Hall Group (ASX: CHC)
CLSA has raised its rating on the Charter Hall REIT to accumulate.
The broker has a 12-month price target of $13.74 on Charter Hall.
These ASX 200 real estate shares are currently selling for $12.54, down 0.52% on Thursday.
That leaves a potential 9.5% upside for investors buying this ASX 200 REIT today.
Ingenia Communities Group (ASX: INA)
CLSA has also upped its rating on another ASX 200 REIT — this time Ingenia Communities.
The new rating is accumulate.
These ASX 200 real estate shares are currently trading for $5 apiece.
The broker sees value here given its 12-month price target of $5.51.
This implies a potential 10% upside for investors buying today.
The post 3 ASX 200 REITs receiving broker upgrades today appeared first on The Motley Fool Australia.
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More reading
- Here are 4 ASX 200 REITs results catching the eye on Wednesday
- 3 high-quality ASX 200 dividend shares to buy for a second income
Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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