MACQUARIE RESEARCH Downgrades Centuria Industrial REIT (CIP)
Nasdaq Fintel reports that on June 5, 2023, MACQUARIE RESEARCH downgraded their outlook for Centuria Industrial REIT (CIP) from Outperform to Neutral .
Analyst Price Forecast Suggests 13.12% Upside
As of May 13, 2023, the average one-year price target for Centuria Industrial REIT is 3.47. The forecasts range from a low of 2.58 to a high of $3.86. The average price target represents an increase of 13.12% from its latest reported closing price of 3.07.
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The projected annual revenue for Centuria Industrial REIT is 181MM, a decrease of 17.24%. The projected annual non-GAAP EPS is 0.17.
Centuria Industrial REIT Maintains 5.64% Dividend Yield
At the most recent price, the company's dividend yield is 5.64%.
Additionally, the company's dividend payout ratio is 7.99. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.