Icarus Signal New Entries For Today

This story features GOODMAN GROUP, and other companies. For more info SHARE ANALYSIS: GMG

The company is included in ASX20, ASX50, ASX100, ASX200, ASX300 and ALL-ORDS

Daily update on share prices and consensus price targets.

By Rudi Filapek-Vandyck

It hasn't attracted any commentary and/or analysis -yet- but real estate investment trusts (also known as Listed Property Trusts) are currently outperforming the broader share market, and not by falling less.

A quick scan through the list of stocks that is trading below but in the vicinity of consensus target, or above target clearly shows there is a disproportionate representation of REITS, with Goodman Group ((GMG)) and ING Office Fund ((IOF)) the latest to join the group of stocks trading just below target. Even though all these trusts offer solid dividends in times of sheer despair, it goes without saying the upside on offer diminishes every day the price of the securities rises closer to, or above, target.

Share price weakness has now pushed QR National ((QRN)) and Cochlear ((COH)) in the same group as GMG and IOF.

The number of stocks trading above target has climbed to 25.

Investors should consider the information and data are provided for research purposes only.

Stocks <3% Below Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 COH $ 74.64 $ 75.61 1.30% 2 GMG $ 0.74 $ 0.75 1.89% 3 IOF $ 0.65 $ 0.67 2.92% 4 MML $ 8.20 $ 8.40 2.44% 5 QRN $ 3.20 $ 3.21 0.16%

Stocks Above Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 CPA $ 0.96 $ 0.95 – 1.15% 2 SWK $ 0.44 $ 0.43 – 2.27% 3 TAH $ 3.27 $ 3.08 – 5.96%

Top 50 Stocks Furthest from Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 PAN $ 1.72 $ 2.74 59.30% 2 PSH $ 0.16 $ 0.26 62.50% 3 TIS $ 0.49 $ 0.95 95.88%

To see the full Icarus Signal, please go to this link

Technical limitations

If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.

Click to view our Glossary of Financial Terms