BMO Capital analyst Joanne Chen maintained a Buy rating on Summit Industrial Income REIT on Wednesday, setting a price target of $25, which is approximately 34.05% above the present share price of $18.65.
Chen expects Summit Industrial Income REIT to post earnings per share (EPS) of $3.68 for the fourth quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Summit Industrial Income REIT, with an average price target of $19.65.
The analysts price targets range from a high of $25 to a low of $18.09.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $54.72 million and a net profit of $38.29 million. The company's market cap is $3.35 billion.
According to TipRanks.com, BMO Capital analyst Joanne Chen is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 17.8% and a 75.00% success rate.
Summit Industrial Income REIT is an open-ended mutual fund trust, which engages in growing and managing a portfolio of light industrial properties. Its properties are located in Ontario, Quebec, Alberta, British Columbia, and New Brunswick (NYSE:BC). The company was founded on November 4, 2005 and is headquartered in Brampton, Canada.