Waypoint REIT Ltd. (WPR) was upgraded to a Buy Rating at Morgans

Waypoin REIT Ltd. (WPR) was upgraded to a Buy Rating at Morgans reports an analyst move that shifts sentiment toward the real-estate investment trust. Liam Schofield at Morgans upgraded Waypoint REIT Ltd. to a Buy and set a price target of A$2.50. The article contrasts this with the general Street view of a Hold consensus rating and an average price target of A$2.57. It also includes performance context from TipRanks, saying Schofield has an average return of 7.8% and a 52.50% success rate on recommended stocks. Financial details cited from the company’s latest earnings release for the quarter ended December 31 show quarterly revenue of A$81.3 million and net profit of A$63 million, versus revenue of A$46.8 million and net profit of A$38.2 million a year earlier.