5 ASX 300 real estate shares just upgraded by top brokers

Which ASX 300 property stocks and A-REITS have caught the experts' eyes?

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Rising real estate share price.

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S&P/ASX 300 Index (ASX: XKO) stocks are down 1.27% amid broker upgrades to five ASX real estate shares and real estate investment trusts (REITs) today.

As reported in The Australian, these ASX 300 shares are attracting the experts' eyes.

Let's take a look.

Citi gives Mirvac shares a big tick

Our first ASX 300 real estate share receiving a broker upgrade on Friday is Mirvac Group (ASX: MGR).

The Mirvac share price is currently down 1.71% to $2.02.

Citi has upped its rating to buy with a $2.50 share price target. This implies a potential 24% upside on today's share price.

Charter Hall Retail share price to rise 23%, says JPM

Our next broker upgrade among ASX 300 property shares is Charter Hall Retail REIT (ASX: CQR).

Charter Hall Retail REIT shares are trading at $3.17 at the time of writing, down 0.78%.

JP Morgan has raised its rating to overweight and slapped a 12-month share price target of $3.90 on the stock. This implies a potential 23% upside on today's share price.

Buy more Abacus Storage King shares, says broker

Our next broker upgrade among ASX 300 shares is Abacus Storage King (ASX: ASK).

The Abacus Storage King share price is currently $1.03, down 2.65%.

JP Morgan has upped its rating to overweight. The broker thinks Abacus shares can move up to $1.25 apiece over the next 12 months. This implies a potential 21% upside on today's stock price.

In the vicinity of strong growth

JP Morgan is also backing Vicinity Centres (ASX: VCX) for strong share price growth over the next year.

Vicinity shares are currently down 0.28% to $1.75.

The broker has raised its rating on Vicinity Centres to overweight with a $2.10 share price target. This implies a potential 20% upside on today's share price.

Stocklands gets a $4.20 share price target

Our final broker upgrade among ASX 300 real estate shares is Stockland Corporation Ltd (ASX: SGP).

Stockland Group shares are down 0.94% to $3.69 today.

JP Morgan has raised its rating to neutral with a share price target of $4.20.

This implies a potential 14% upside on today's share price.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended JPMorgan Chase. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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