Adler Real Estate AG (ETR:ADL) has received an average rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is €16.64 ($18.90).

A number of equities research analysts have weighed in on ADL shares. Oddo Bhf set a €15.91 ($18.08) price objective on Adler Real Estate and gave the company a “neutral” rating in a research note on Thursday, May 17th. Berenberg Bank set a €17.40 ($19.77) price objective on Adler Real Estate and gave the company a “buy” rating in a research note on Tuesday, June 12th. DZ Bank restated a “buy” rating on shares of Adler Real Estate in a research note on Friday, May 18th. Finally, equinet set a €18.00 ($20.45) price objective on Adler Real Estate and gave the company a “buy” rating in a research note on Thursday, May 24th.

ETR ADL traded up €0.26 ($0.30) during mid-day trading on Wednesday, reaching €14.46 ($16.43). 37,207 shares of the company’s stock traded hands, compared to its average volume of 98,380. Adler Real Estate has a 1-year low of €11.78 ($13.39) and a 1-year high of €14.51 ($16.49).

About Adler Real Estate

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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