Arena REIT (ARF) Receives a Hold from CLSA
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arena REIT with a A$4.17 average price target, implying an 11.20% upside from current levels. In a report released on June 20, UBS also maintained a Hold rating on the stock with a A$4.19 price target.
Based on Arena REIT's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$51.63 million and a net profit of A$36.27 million. In comparison, last year the company earned a revenue of A$47.36 million and had a net profit of A$19.39 million
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARF in relation to earlier this year.
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