Aedifica Price Target Raised by Berenberg
- Berenberg analysts increased their price target for Aedifica from €76.00 to €83.00 while maintaining a 'buy' rating, according to a report released monday.
- The adjustment follows Aedifica's announcement of €110 million in investments during the fourth quarter, prompting the analysts to revise their earnings expectations.
- Berenberg also adjusted its expectations for Aedifica's dividend policy, now anticipating a slight annual increase.
Berenberg Raises Aedifica Price Target to €83.00
Berenberg analysts increased their price target for Aedifica from €76.00 to €83.00 while maintaining a ‘buy’ rating, according to a report released monday.
The adjustment follows Aedifica’s announcement of €110 million in investments during the fourth quarter, prompting the analysts to revise their earnings expectations.
Berenberg also adjusted its expectations for Aedifica’s dividend policy, now anticipating a slight annual increase.
Aedifica invested a total of €293 million last year, exceeding its initial target of €250 million.
According to Berenberg, the recent acquisitions complement Aedifica’s existing portfolio. Two locations in Ireland, still under growth, now represent 7 percent of the total portfolio. The purchases of care homes in Dronten adn Hamburg also benefit from long-term leases with established care providers.
Berenberg maintained its assumptions regarding portfolio value increases and forecasts continued growth over the next three years.