Adler Real Estate’s (ADL) Buy Rating Reiterated at DZ Bank

DZ Bank reiterated their buy rating on shares of Adler Real Estate (ETR:ADL) in a research report report published on Friday.

A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank set a €20.00 ($23.26) target price on Adler Real Estate and gave the company a buy rating in a research note on Tuesday, September 4th. Oddo Bhf set a €15.91 ($18.50) target price on Adler Real Estate and gave the company a neutral rating in a research note on Monday, September 3rd. Berenberg Bank set a €17.40 ($20.23) target price on Adler Real Estate and gave the company a buy rating in a research note on Friday, September 21st. National Bank Financial set a €18.00 ($20.93) target price on Adler Real Estate and gave the company a buy rating in a research note on Friday, September 7th. Finally, HSBC set a €21.00 ($24.42) target price on Adler Real Estate and gave the company a buy rating in a research note on Monday, October 29th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of €18.04 ($20.98).

ADL stock opened at €15.10 ($17.56) on Friday. Adler Real Estate has a 1 year low of €11.78 ($13.70) and a 1 year high of €14.51 ($16.87).

Adler Real Estate Company Profile

Until the end of 2017, the business model of ADLER Real Estate AG comprised two fields of activity – Rental (investment properties) and Trading (inventory properties). Since ADLER ceased its trading activities the focus is solely on rental business. The business model has thus been simplified. From letting the portfolios, ADLER Real Estate AG aims to generate sufficient long-term gross rental income in order to cover all letting-related expenses and prospectively enable the company to pay a dividend to its shareholders.

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Analyst Recommendations for Adler Real Estate (ETR:ADL)

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