This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Wall Street Analysts Are Bullish on Top Real Estate Picks

Tipranks - Fri Jun 12, 6:52AM CDT

There’s a lot to be optimistic about in the Real Estate sector as 3 analysts just weighed in on Community Healthcare (CHCT), Acadia Realty (AKR) and CBRE Group (CBRE) with bullish sentiments.

Introducing TipRanks MCP for Agents

Community Healthcare (CHCT)

Truist Financial analyst Michael Lewis maintained a Buy rating on Community Healthcare today and set a price target of $20.00. The company’s shares closed last Wednesday at $17.86.

According to TipRanks.com, Lewis is a 5-star analyst with an average return of 10.2% and a 66.7% success rate. Lewis covers the NA sector, focusing on stocks such as SmartStop Self Storage REIT, Inc., American Healthcare REIT, Inc., and Easterly Government Properties. ;'>

Community Healthcare has an analyst consensus of Moderate Buy, with a price target consensus of $18.33.

See Insiders’ Hot Stocks on TipRanks >>

Acadia Realty (AKR)

Citi analyst Craig Mailman maintained a Buy rating on Acadia Realty today. The company’s shares closed last Wednesday at $21.40.

Mailman has an average return of 11.5% when recommending Acadia Realty. ;'>

According to TipRanks.com, Mailman is ranked #3538 out of 12286 analysts.

Currently, the analyst consensus on Acadia Realty is a Strong Buy with an average price target of $23.50, representing an 8.4% upside. In a report issued on June 9, Truist Financial also maintained a Buy rating on the stock with a $24.00 price target.

CBRE Group (CBRE)

Goldman Sachs analyst Julien Blouin maintained a Buy rating on CBRE Group yesterday and set a price target of $183.00. The company’s shares closed last Wednesday at $134.06.

According to TipRanks.com, Blouin is a 2-star analyst with an average return of 0.3% and a 37.2% success rate. Blouin covers the NA sector, focusing on stocks such as Millrose Properties Inc Class A, Mid-America Apartment, and Alexandria Equities. ;'>

Currently, the analyst consensus on CBRE Group is a Strong Buy with an average price target of $178.33, representing a 31.0% upside. In a report issued on June 2, J.P. Morgan also maintained a Buy rating on the stock with a $185.00 price target.

Read More on CHCT:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.