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Investing.com - Barclays (LON:BARC) has reinstated coverage on LondonMetric Property PLC (LON:LMP) (OTC:LNSPF) with an Overweight rating and a price target of GBP2.25.
The reinstatement comes as Barclays positions LondonMetric as the "poster child" of income-focused returns in the real estate sector, highlighting the company’s alignment with current investor preferences.
Barclays notes a significant shift in the real estate market, suggesting a return to "normal rental-led cycles" following two capital-growth-led commercial real estate cycles that the firm considers anomalies.
According to Barclays, investors are increasingly focused on price-to-earnings multiples and earnings-per-share growth rather than net asset value metrics, with many seeking a minimum 8% income-led total return with a starting yield of approximately 5%.
LondonMetric meets these investor thresholds, supporting Barclays’ positive outlook on the company as a low-risk option for delivering cash flow and cash flow growth to shareholders.
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