JPMorgan has resumed coverage of LondonMetric Property (LON:LMP) with an Overweight rating and set a price target of 215 pence, signalling upside for the FTSE 250 property group.
Analyst Vanessa Guy said the UK real estate sector could see a re-rating over the next 12 to 18 months, driven by operational resilience and alleviating rate headwinds.
The positive call from JPMorgan adds to a growing consensus among brokers that LondonMetric is well-positioned in a recovering market.
In July, Barclays reinstated coverage with an Overweight rating and 225p target, citing its strengthened position in triple net leases following the acquisition of Urban Logistics REIT.
Last month, BNP Paribas Exane initiated with an Outperform rating and 230p target, pointing to the company’s significant growth through acquisitions.
Deutsche Bank also began coverage in July with a Buy recommendation and the same target.
LondonMetric has established itself as one of the UK’s leading property investors, with a portfolio concentrated in logistics and long-income assets.
Analysts argue that the combination of strong tenant demand and easing pressure from interest rates should support rental growth and revaluation gains.
Shares in LondonMetric are down modestly this year (-1.3%).
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading or investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
- Admiral Markets More than 4500 stocks & over 200 ETFs available to invest in – Read our Review
- Vantage High levels of account and deposit protection – Read our Review
- eToro Wide range of instruments available to trade – Read our Review
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
