Japan Real Estate Investment initiated with "overweight"

01/19/06 - Morgan Stanley

LONDON, January 19 (newratings.com) - Analyst Tomoyoshi Omuro of Morgan Stanley initiates coverage of Japan Real Estate Investment Corp (8952) with an "overweight" rating. The target price is set to ¥1,200,000.

In a research note published this morning, the analyst mentions that the company is likely to hike its dividend going forward, driven by an anticipated improvement in its margins. Morgan Stanley expects Japan Real Estate Investment's stock performance to improve going ahead on account of the company's robust business base, fund raising capacity and improving portfolio quality.