Latest news with #GoodmanGroup
Mercury
5 days ago
- Business
- Mercury
Stock Tips: WTC could be a wise choice this week
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. It's no easy gig analysing share prices and company performance but somebody's got to do it. Every week two experts from our Share Tips columnist pool give us their recommendations. Andrew Eddy – Morgans Financial BUY WiseTech Global (ASX:WTC) Wisetech is acquiring E2open, expanding its market reach and capabilities, driving revenue and EBITDA growth, and offering a compelling opportunity to further extend the company's growth runway. Aurizon Holdings (ASX:AZJ) Earnings from the Network and Coal segments will continue to deliver higher cash returns to shareholders and investment into Bulk and Containerised Freight will provide longer term growth. HOLD Lovisa Holdings (ASX:LOV) Lovisa's recent milestone of opening its 1,000th store globally signifies its strong growth and global presence. It continues to have ambitious expansion plans. Regis Resources (ASX:RRL) Regis is well positioned to maintain significant share price torque to the price of gold, aided by a robust production profile and underappreciated organic growth at Duketon. SELL Telstra (ASX:TLS) Although having some defensive qualities, Telstra continues to trade above its long-term average multiple, which is hard to justify considering its minimal long-term growth and competition risk. Adriatic Metals (ASX:ADT) Adriatic's share price has bounced recently on takeover talk. While high-grade metal assets with compelling economics are rare, everything has a price. Dylan Evans – Catapult Wealth BUY Goodman Group (ASX:GMG) Goodman Group's portfolio of quality industrial properties and data centres should be well supported by long-term demand trends in online retail and data hosting. Steadfast (ASX:SDF) As the largest general insurance broker in Australia, Steadfast offer exposure to growth in insurance premiums, but without the underwriting risk of the insurers. HOLD Auckland International Airport (ASX:AIA) As New Zealand's primary overseas travel gateway, Auckland Airport is a key piece of infrastructure. Overseas travel still lags pre-covid levels, but is showing signs of recovery. Woolworths (ASX:WOW) Woolworths has been losing market share to its competitors over the last few years and is now going through another restructure to regain this lost share. We expect regaining this momentum will take several years. SELL A2 Milk (ASX:A2M) The Chinese infant formula market is a key part of A2 milk's product sales. Despite reporting growth in its 1H25 results, this market faces long-term challenges, including declining birth rates. BWP Trust (BWP) A solid property trust on most metrics, with modest debt, high occupancy, and a decent 5.2% yield. Concern is always with the potential influence and reliance on Wesfarmers, who have an ownership stake and contribute 85% of the rental income via Bunnings. The views, information, or opinions expressed in the interviews in this article are solely those of the interviewee and do not represent the views of Stockhead. Stockhead does not provide, endorse or otherwise assume responsibility for any financial advice contained in this article. Originally published as Stock Tips: WTC could be a wise choice this week
Business Insider
29-05-2025
- Business
- Business Insider
Ord Minnett downgrades Goodman Group (GMGSF) to a Hold
Goodman Group (GMGSF – Research Report) received a Hold rating and a A$30.80 price target from Ord Minnett analyst today. The company's shares closed last Friday at $21.19. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Goodman Group has an analyst consensus of Strong Buy, with a price target consensus of $23.43. The company has a one-year high of $30.00 and a one-year low of $14.31. Currently, Goodman Group has an average volume of 1,826. 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 GMGSF in relation to earlier this year.
Business Insider
29-05-2025
- Business
- Business Insider
Morgans Remains a Buy on Goodman Group (GMGSF)
In a report released today, Liam Schofield from Morgans maintained a Buy rating on Goodman Group (GMGSF – Research Report), with a price target of A$36.65. The company's shares closed last Friday at $21.19. Confident Investing Starts Here: Schofield covers the Real Estate sector, focusing on stocks such as Goodman Group, Dexus Industria REIT, and Centuria Office REIT. According to TipRanks, Schofield has an average return of 1.4% and a 47.92% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Goodman Group with a $23.43 average price target, a 10.57% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a A$40.00 price target. The company has a one-year high of $30.00 and a one-year low of $14.31. Currently, Goodman Group has an average volume of 1,826. 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 GMGSF in relation to earlier this year.
NZ Herald
28-05-2025
- Business
- NZ Herald
Goodman Property Trust selling 28% of $2.1b Highbrook, declares full-year result
Goodman Property Trust has sold 28% of its $2.1 billion Highbrook business park in Auckland and declared its full-year result. CEO James Spence said the trust had created a new limited partnership fund to own the East Tāmaki property, of which it would retain 72%. ASX-listed Goodman Group, headed by
News.com.au
23-05-2025
- Business
- News.com.au
Criterion: With declining rates, the marked-down REITs sector is starting to purr
Real estate investment trusts, or REITs are a key beneficiary of lower interest rates The sector is recovering from its post pandemic lows, but many REITs still trade below net asset backing Citi prefers retail REITs as landlords rediscover their pricing power and shoppers flock to the malls With the Reserve Bank of Australia this week dispensing 25 basis points of rates relief and signalling more to come, real estate investment trusts (REITs) look like being one of the ASX's biggest beneficiaries. REITs are both inherently geared and usually exposed to the domestic economy, which the cuts will support. Recent REIT updates suggest workers are returning to the office – albeit slowly – and shoppers are flocking to the malls. Industrial REITs continue to find favour, especially the ones that own data centres. As for residential REITs, the lower cost of capital puts them in an ideal position to crank up their development pipelines and address the fabled housing shortage. According to Janus Henderson Investors' portfolio manager Guy Barnard, historically attractive valuations 'make the present an opportune time for investors to consider real estate equities.' There are REITs and REITs The recovery already is evident, with S&P/ASX200 REITs index gaining 16% from its April 9 nadir (but remains remaining 6% below its October 2024 peak). Cut another way, the sector has declined 1% calendar year to date, dragged down by the 13% decline in sector big daddy Goodman Group (ASX:GMG) (which accounts for 40% of the index). However, many REITs are still trading at a discount to net tangible asset backing and value hunters are taking note. Of course, there are REITs and there are REITs. According to Barnard, landlords with longer lease durations and non-discretionary assets (such as healthcare) have outperformed more sensitive sectors such as hotels, retail and office. Shop 'til you drop Broker Citi likes the retail REITs, which stand to benefit from resilient consumers and population growth via immigration. Landlords are in control again, evidenced by higher occupancies, positive leasing spreads and inflation escalators of 2% plus. The half-owner of half of the monolithic Chadstone, Vicinity Centres (ASX:VCX) said it was likely to hit the top end of its fully-year earnings guidance. The owner of 42 Westfield malls, Scentre Group (ASX:SCG) reported a 99.6% occupancy as at the end of March, with average rent rises of 4.4% during the quarter. 'We see a stronger argument for value in retail real estate thanks to other subsectors with larger fundamental headwinds and lower net rental growth such as office,' Citi says. 'Retail vacancies continue to improve, resulting in high occupancies across the sector.' Back to the office Ord Minnett points to 'green shoots' of an office recovery, 'albeit this could take some years to play out'. The firm's real estate analyst Leanne Truong says office value is emerging amid 'overly pessimistic' expectations, with the market implying a further 18% decline in valuations. That's despite office valuations having been written down around 25% from peak level. 'In the near term, we are encouraged by the stabilisation and improvements in key metrics, setting up the office market for a stronger medium-term outlook,' she says. Sector leader Dexus (ASX:DXS) reports a flight to quality to CBD locations, which is just as well as 76% of the REIT's $9.6 billion office portfolio is located there. 'Our investment portfolio continues to deliver resilient income streams, with a strong balance sheet supported by a disciplined approach to capital management,' Dexus chief Ross Du Vernot says. Affirming its earnings guidance last week, the pure-play Centuria Office REIT (ASX:COF) reported occupancies of 91.4%, well above the national office average of a lowly 84%. Constrained new supply should spur valuations Henderson Investors' Barnard says divining the impact of tariffs, currencies on global earnings is harder than it has ever been. 'Therefore, domestic earnings versus global earnings is a key consideration – in this regard, real estate is about as local a business as you can find.' (With 60% of its earnings derived offshore, Goodman Group is heavily investing in data centres to ride the AI boom). Ord Minnett says inflation, planning bottlenecks and elevated wages all are affecting new projects, especially in the 'chronically undersupplied' housing market. As for the land itself, God's not making any more of it.
