Image source: Getty Images
S&P/ASX 300 Index (ASX: XKO) stocks are down 1.27% amid broker upgrades to five ASX real estate shares and real estate investment trusts (REITs) today.
As reported in The Australian, these ASX 300 shares are attracting the experts’ eyes.
Let’s take a look.
Citi gives Mirvac shares a big tick
Our first ASX 300 real estate share receiving a broker upgrade on Friday is Mirvac Group (ASX: MGR).
The Mirvac share price is currently down 1.71% to $2.02.
Citi has upped its rating to buy with a $2.50 share price target. This implies a potential 24% upside on today’s share price.
Charter Hall Retail share price to rise 23%, says JPM
Our next broker upgrade among ASX 300 property shares is Charter Hall Retail REIT (ASX: CQR).
Charter Hall Retail REIT shares are trading at $3.17 at the time of writing, down 0.78%.
JP Morgan has raised its rating to overweight and slapped a 12-month share price target of $3.90 on the stock. This implies a potential 23% upside on today’s share price.
Buy more Abacus Storage King shares, says broker
Our next broker upgrade among ASX 300 shares is Abacus Storage King (ASX: ASK).
The Abacus Storage King share price is currently $1.03, down 2.65%.
JP Morgan has upped its rating to overweight. The broker thinks Abacus shares can move up to $1.25 apiece over the next 12 months. This implies a potential 21% upside on today’s stock price.
In the vicinity of strong growth
JP Morgan is also backing Vicinity Centres (ASX: VCX) for strong share price growth over the next year.
Vicinity shares are currently down 0.28% to $1.75.
The broker has raised its rating on Vicinity Centres to overweight with a $2.10 share price target. This implies a potential 20% upside on today’s share price.
Stocklands gets a $4.20 share price target
Our final broker upgrade among ASX 300 real estate shares is Stockland Corporation Ltd (ASX: SGP).
Stockland Group shares are down 0.94% to $3.69 today.
JP Morgan has raised its rating to neutral with a share price target of $4.20.
This implies a potential 14% upside on today’s share price.
