Insignia Financial is the firm's top pick. Trading at $9.50, its 12-month target price for the stock is $20. It currently trades at a 2000 estimated enterprise value/EBITDA multiple of just 1.9x, versus the sector at 3.6x. If Insignia's multiple matched that of its peers, its stock would be at $16 now, the report says.
Trammel Crow, the other top pick, has run up 24% since March 31 and now trades at an enterprise value/EBITA multiple of 4.8x. It now trades at $14.59 Banc of America's 12-month target price is $19.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
