Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
Investing.com - BMO Capital initiated coverage on GO Residential REIT (TSX:GO-U) with an Outperform rating and a price target of C$15.00.
The investment firm cited the high quality of GO’s trophy asset base as a key factor in its positive assessment of the real estate investment trust.
BMO Capital also highlighted strong prospects for near-term organic growth, significant insider ownership, and the stock’s deep discount to net asset value (NAV) as supporting factors for the Outperform rating.
The firm identified political uncertainty and capital structure issues, including above-average leverage and below-market debt, as potential risks to its positive outlook.
BMO Capital noted that concerns about GO’s capital structure are partly mitigated by the REIT’s conservative payout policy and relatively limited capital expenditure profile.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.