The stock of BWP Trust (ASX:BWP) hit a new 52-week low and has $2.75 target or 5.00% below today’s $2.89 share price. The 6 months bearish chart indicates high risk for the $1.86 billion company. The 1-year low was reported on Nov, 11 by Barchart.com. If the $2.75 price target is reached, the company will be worth $93.00 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 0.69% or $0.02 on November 11, hitting $2.89. About 1.59 million shares traded hands or 31.40% up from the average. BWP Trust (ASX:BWP) has declined 14.75% since April 15, 2016 and is downtrending. It has underperformed by 20.89% the S&P500.
More important recent BWP Trust (ASX:BWP) news were published by: Fool.com.Au which released: “Why the BWP Trust share price has crashed 25%” on November 07, 2016, also Fool.com.Au published article titled: “BWP Trust reports rising dividends: What you need to know”, Fool.com.Au published: “4 reasons to buy BWP Trust today” on July 20, 2015. More interesting news about BWP Trust (ASX:BWP) was released by: Smh.com.Au and their article: “BWP Trust enjoys home improvement advantage” with publication date: May 07, 2013.
BWP Trust is a real estate investment trust investing in and managing commercial properties throughout Australia. The company has a market cap of $1.86 billion. The Trust’s properties are large format retailing properties, in particular, Bunnings Warehouses, leased to Bunnings Group Limited . It has a 5.98 P/E ratio. The Trust owns approximately 81 investment properties, including 17 in Western Australia, 24 in Victoria, two in Australian Capital Territory, two in South Australia, 16 in New South Wales and 20 in Queensland, with a weighted average lease expiry of approximately 5.9 years.
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