Fn Arena 17/02/2009BJT BABCOCK & BROWN JAPAN PROPERTY TRUSTReal...

Fn Arena 17/02/2009

BJT BABCOCK & BROWN JAPAN PROPERTY TRUST
Real Estate
Overnight Price:
$0.28
Added
UBS rates BJT as Buy - Target $0.50 (was $0.56). The group's interim result was a solid one in the broker's view and it continues to see the company as well positioned in the face of liquidity concerns in the sector.

Minor changes to its numbers post the result see a cut in price target but the broker retains its Buy rating.

Target price is $0.50 Current Price is $0.28 Difference:$0.22 - (brackets indicate current price is over target). If BJT meets the UBS target it will return approximately 75% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company's fiscal year ends in June. UBS forecasts a full year FY08 dividend of 12.90 cents and EPS of 12.80 cents. At the last closing share price the estimated dividend yield is 45.26%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 2.2