Adler Real Estate (ETR:ADL) Earns “Buy” Rating from DZ Bank
DZ Bank reiterated their buy rating on shares of Adler Real Estate (ETR:ADL) in a research report report published on Thursday, Borsen Zeitung reports.
Several other brokerages have also recently weighed in on ADL. Berenberg Bank set a €70.95 ($82.50) target price on shares of Fresenius SE & Co KGaA and gave the company a buy rating in a report on Thursday, May 2nd. Oddo Bhf set a €20.00 ($23.26) target price on shares of TAG Immobilien and gave the company a neutral rating in a report on Wednesday, June 19th. Deutsche Bank increased their price target on shares of Welltower from $61.00 to $71.00 and gave the company a hold rating in a research note on Friday, March 29th. Finally, HSBC set a €54.00 ($62.79) price target on shares of ADO Properties and gave the company a neutral rating in a research note on Wednesday, May 29th. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of €18.72 ($21.77).
Shares of ETR:ADL opened at €12.14 ($14.12) on Thursday. The company has a 50 day moving average price of €12.19. The firm has a market capitalization of $831.35 million and a PE ratio of 3.22. Adler Real Estate has a fifty-two week low of €11.08 ($12.88) and a fifty-two week high of €16.10 ($18.72). The company has a current ratio of 1.66, a quick ratio of 0.30 and a debt-to-equity ratio of 228.05.
ADLER Real Estate AG is one of the leading real estate companies in Germany. In recent years, the company has grown rapidly through acquisitions – most recently through the acquisition of almost 70 percent of the shares in Brack Capital Properties NV ADLER now holds more than 62,000 residential units , which are mainly located in the north and west of Germany and offer tenants with medium to low income an affordable home.
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