Ascott REIT kept at 'buy' with higher fair value price of $1.49

Stock Name: Ascott Reit
Company Name: ASCOTT RESIDENCE TRUST

Research House: OCBC

Price Call: BUY

Target Price: 1.49

SINGAPORE (Jan 23): OCBC Investment Research has raised its fair value estimate for Ascott Residence Trust (ART) to $1.49 from $1.37 to reflect its resilient business model and geographical diversification in a challenging global macroeconomic environment.

For 4QFY14, ART reported an increase in revenue of 13.2% y-o-y to $95 million, while DPU jumped 62.4% to 2.16 cents. For the whole year, revenue climbed 12.8% to $357.2 million.

Ascott Residence Trust kept at 'hold' with $1.30 price target by CIMB

Stock Name: Ascott Reit
Company Name: ASCOTT RESIDENCE TRUST

Research House: CIMB

Price Call: HOLD

Target Price: 1.30

SINGAPORE (Dec 2): CIMB Research is maintaining its "hold" rating on Ascott Residence Trust (ART) with an unchanged target price of $1.30.

In a report dated Dec 1 by analysts Pang Ti Wee, Lock Mun Yee and Tan Xuan, CIMB says that while downside earnings risk is limited by the master/minimum income lease structure of ART's portfolio, further room for organic or inorganic growth appears limited.

Ascott Residence Trust held at 'buy' by DBS with target price of $1.40

Stock Name: Ascott Reit
Company Name: ASCOTT RESIDENCE TRUST

Research House: DBS Vickers

Price Call: BUY

Target Price: 1.40

SINGAPORE (Oct 24): DBS Group Research has maintained its "buy" call for Ascott Residence Trust (ART) with a slightly higher target price of $1.40.

In an Oct 24 report, DBS says with ART's sponsor investing up to A$500 million in new properties that Quest will secure for its franchise network, as well as taking a 20% interest in Quest, ART's future acquisition pipeline has expanded. This should help underpin ART's already healthy outlook.